Punjab National Bank in Chandigarh

Punjab National Bank, popularly known as PNB has very rich history as one of the premier nationalized banks of India. It probably stands a closed second to State Bank of India as far as the pan India footprint of the banks are concerned. Punjab National Bank aims to become a household bank and has set its target to become the most favorable bank in the Gangetic plains of India.

It has its motto as 'banking for the unbanked' and always thrive to fulfill its aim by reaching the remotest corners of India and serve the people who are yet to get the banking service. Once a bank set its foot in the remote villages, the local people get immensely benefited by being able to avoid the touts and moneylenders who otherwise used to cheat them regularly when there was no presence of any kind of banking system.

Whenever we talk about Punjab National Bank, it would be unjustified if we do not discuss about its rich history and origin. During the latter half of nineteenth century, when India was reeling under the oppressive rule of British government, a new batch of educated young Indian emerged who started thinking about financial and administrative independence. They started dreaming about an Independent India with a new banking system solely engaged towards serving the Indian people.

The idea materialized when Punjab National Bank was founded in 23 May, 1894. Then it had 7 board members. Eminent people from the then Indian society joined hands and founded PNB. The board of director comprised of different sect of Indian society, a famous Bengali pleader, an eminent Sikh educationist, a Parsi merchant banker and some few other industrialist and business persons The bank started its operation and opened its service for public on 12th  of April, 1895 from Lahore (now in Pakistan) from a building opposite to Arya Samaj Mandir, Lahore. Since then it has been serving India with a global footprint.