ABOUT PNB

vision
"To be a Leading Global Bank with Pan India footprints and become a household brand in the
Indo-Gangetic Plains providing entire range of financial products and services under one roof"

Mission
"Banking for the unbanked"

PUNJAB NATIONAL BANK, since 1985

Punjab National Bank (PNB) was set up in 1895 in Lahore - and has the distinction of being the
first Indian bank to have been started solely with Indian capital. The bank was nationalized in
July 1969 along with 13 other banks. Today, PNB is a professionally managed bank with a
successful track record of over 110 years. The bank has the largest branch network in India, with
4497 branches including 454 extension counters spread throughout the country. PNB was ranked
as 515th biggest bank in the world by Bankers Almanac, London. Punjab National Bank is not
only the first bank to specialize in credit rating models in India but also the first one to launch
image based cheque transaction system for collection of intra bank inter- city cheques thereby
providing credits merely in 48 hrs in 13 cities
From its modest beginning; the bank has grown in size and stature to become a front-line
banking institution in India at present. Based on its sound and prudent banking experience and
consistent profit performance, PNB looks confidently to the future………the name you can bank
upon………

Profile
With its presence virtually in all the important centers of the country, Punjab National Bank
offers a wide variety of banking services which include corporate and personal banking,
industrial finance, agricultural finance, financing of trade and international banking. Among the
clients of the Bank are Indian conglomerates, medium and small industrial units, exporters, non-
resident Indians and multinational companies. The large presence and vast resource base have
helped the Bank to build strong links with trade and industry.
The bank’s strength lies in its corporate belief of growth and stability.
With over 38 million satisfied customers and 4668 offices, PNB has continued to retain its
leadership position among the nationalized banks. The bank enjoys strong fundamentals,
large franchise value and good brand image. Besides being ranked as one of India's top
service brands, PNB has remained fully committed to its guiding principles of sound and
prudent banking. Apart from offering banking products, the bank has also entered the credit
card & debit card business; bullion business; life and non-life insurance business; Gold coins
& asset management business, etc.
Since its humble beginning in 1895 with the distinction of being the first Indian bank to have
been started with Indian capital, PNB has achieved significant growth in business which at
the end of March 2009 amounted to Rs 3,64,463 crore. Today, with assets of more than Rs
2,46,900 crore, PNB is ranked as the 3rd largest bank in the country (after SBI and ICICI
Bank) and has the 2nd largest network of branches (4668 including 238 extension counters
and 3 overseas offices).During the FY 2008-09, with 39% share of low cost deposits, the bank
achieved a net profit of Rs 3,091 crore, maintaining its number ONE position amongst
nationalized banks. Bank has a strong capital base with capital adequacy ratio as per Basel II
at 14.03% with Tier I and Tier II capital ratio at 8.98% and 5.05% respectively as on
March’09. As on March’09, the Bank has the Gross and Net NPA ratio of only 1.77% and
0.17% respectively. During the FY 2008-09, its’ ratio of priority sector credit to adjusted net
bank credit at 41.53% & agriculture credit to adjusted net bank credit at 19.72% was also
higher than the respective national goals of 40% & 18%.
PNB has always looked at technology as a key facilitator to provide better customer service
and ensured that its ‘IT strategy’ follows the ‘Business strategy’ so as to arrive at “Best Fit”.
The bank has made rapid strides in this direction. Alongwith the achievement of 100% branch
computerization, one of the major achievements of the Bank is covering all the branches of
the Bank under Core Banking Solution (CBS), thus covering 100% of it’s business and
providing ‘Anytime Anywhere’ banking facility to all customers including customers of more
than 2000 rural branches. The bank has also been offering Internet banking services to the
customers of CBS branches like booking of tickets, payment of bills of utilities, purchase of
airline tickets etc.Towards developing a cost effective alternative channels of delivery, the bank
with more than 2150 ATMs has the largest ATM network amongst Nationalised Banks.
With the help of advanced technology, the Bank has been a frontrunner in the industry so far
as the initiatives for Financial Inclusion is concerned. With it’s policy of inclusive growth in
the Indo-Gangetic belt, the Bank’s mission is “Banking for Unbanked”. The Bank has
launched a drive for biometric smart card based technology enabled Financial Inclusion with
the help of Business Correspondents/Business Facilitators (BC/BF) so as to reach out to the
last mile customer. The BC/BF will address the outreach issue while technology will provide
cost effective and transparent services. The Bank has started several innovative initiatives for
marginal groups like rickshaw pullers, vegetable vendors, diary farmers, construction
workers, etc. The Bank has already achieved 100% financial inclusion in 21,408 villages.
Backed by strong domestic performance, the bank is planning to realize its global aspirations.
In order to increase its international presence, the Bank continues its selective foray in
international markets with presence in Hong Kong, Dubai, Kazakhstan, UK, Shanghai,
Singapore, Kabul and Norway. A second branch in Hong Kong at Kowloon was opened in the
first week of April’09. Bank is also in the process of establishing its presence in China,
Bhutan, DIFC Dubai, Canada and Singapore. The bank also has a joint venture with Everest
Bank Ltd. (EBL), Nepal. Under the long term vision, Bank proposes to start its operation in
Fiji Island, Australia and Indonesia. Bank continues with its goal to become a household
brand with global expertise.
Amongst Top 1000 Banks in the World, ‘The Banker’ listed PNB at 250th place. Further, PNB
is at the 1166th position among 48 Indian firms making it to a list of the world’s biggest
companies compiled by the US magazine ‘Forbes’.
Financial Performance
Punjab National Bank continues to maintain its frontline position in the Indian banking
industry. In particular, the bank has retained its NUMBER ONE position among
the
nationalized banks in terms of number of branches, Deposit, Advances, total
Business,
operating and net profit in the year 2008-09. The impressive operational and
financial
performance has been brought about by Bank’s focus on customer based business with thrust
on SME, Agriculture, more inclusive approach to banking; better asset liability management;
improved margin management, thrust on recovery and increased efficiency in core operations
of the Bank. The performance highlights of the bank in terms of business and profit are
shown below:

Parameters Mar'07 Mar'08 Mar'09 CRAR

Operating Profit* 3617 4006 5744 26.02
Net Profit* 1540 2049 3091 41.67
Deposit 139860 166457 209760 22.47
Advance 96597 119502 154703 26.55
Total Business 236456 285959 364463 24.15