Punjab National Bank or PNB

It was established in 1895 in Lahore and is one of the oldest banks in India with a virtual presence in every vital center of the country. It has over 35 million customers via 4540 offices including 421 extension counters, and out of that 2/3 of its branches are in rural and semi-rural areas. Also, it has the largest among nationalized banks that make it take the pleasure of the highest penetration rates of the banking activities in the country. PNB also caters to a wide variety of audiences via the range of services that include corporate and personal banking, industrial finance, agricultural finance, and international finance. It also has vast banking resources and a significant presence in almost each lending sphere. Also, the bank has a capital adequacy ratio or CAR, above the Basel–2 regulatory requirement, at 12.96% as of June 2008, and despite being exposed to the numerous market and credit risk components. And constantly strengthening the capital adequacy ratio via internal accruals and a constant increase in Tier 1 capital has put the bank in a very favorable and formidable position. It has a net interest margin (NIM) higher than the industry average due to its mix of improving yields and low-cost funding base and also one of the healthiest low-cost current account saving accounts or CASA ratio of about 41.31%. It also has the benefit of the highest rating by all the four domestic rating agencies and even one of the few banks to boast an AAA rating on its persistent debt issue. The bank also has various future ambitious plans of major technological up-gradation to establish the capability of having 100,000 terminals under the Core Banking Solutions (CBS) with a higher thrust on increasing the international tracks. In the macro-prudential analysis of the Indian economy, it has seemed that the Indian banking industry has come a long way. And also has entered in its ever-challenging growth phase in a very prominent time as more than 49% of the population financially excluded offers an immense opportunity to the bank. The primary focus of the bank will be on retaining and further enhancing low-cost deposits, lending to the agriculture and small and medium enterprises and repositioning of subsidiaries as well as the joint ventures. At the time of global financial turmoil, almost all the banks across the world were creeping under tremendous pressure. But this Bank managed to protect itself from the disastrous transactions and has strictly adhered as per the RBI guidelines. In July 2011, the bank agreed to pick up a 30% stake in the MetLife India that will make it the single largest shareholder in the private insurance company. Also, the two parties have decided that once the deal is finalized, then the company will be renamed as PNB MetLife India.

Some of the Subsidiaries:

• PNB Gilts
• PNB Housing Finance
• PNB Investment Services
• PNB Insurance Broking
• PNB Life Insurance Co.

Some of the Joint Ventures:

• Principal PNB Asset Management Company
• Principal Trustee Company
• Assets Care Enterprises
• India Factoring & Finance Solutions

Some of the Awards:

• 2010:

• Best Corporate Social Responsibility Practice Award.
• SCOPE Meritorious Award for Excellence in Corporate Governance 2009.
• Golden Peacock Award for Excellence in Corporate Governance for 2009.
• India Pride Awards for Excellence in PSU Category.
• Award for Priority Sector Lending including Financial Inclusion.
• 5 National Awards for the contribution made in promoting MSMEs.
• Skoch Challenge Award 2010 for livelihood linkage of the Milk producers in Bulandshahar District Uttar Pradesh.
• Golden Peacock Innovative Product and Services Award for BCP Implementation for the year 2010.
• Best Info Sphere Warehouse Solution Award 2009 IBM.
• IDC Financial Insights Innovation Awards 2010.
• CIO 100 Awards for the Year 2009.
• Emerson Uptime Champion Awards for 2009 in the Government and PSU Category.
• Excellence in Training Award in 2009–10.

• 2011:

• SCOPE Meritorious Award for Best Managed Bank.
• Wind Power India Awards – Second Prize under the category of “Best Wind Power Project Financier” 2011.
• Golden Peacock Award for Excellence in Corporate Social Responsibility.
• Golden Peacock National Training Award 2010 6th BML Munjal Award for Excellence in Learning & Knowledge Development” 2010.
• Rolta Corporate Award 2010– Top Indian Company under “Banks” Category.
• Best Corporate Social Responsibility Practice Award 2011.
• Award for “Computerization of RRBs” for 2010.
• Award for “Best Home Loan Provider” for 2010.
• Award for “Best Education Loan Provider” 2010.
• Global HR Excellence Award 2010 for the outstanding Contribution to the cause of Education.
• Asia's Best Employer Brand Award.
• Award for Brand Excellence under Banking & Financial Services.
• CSR Excellence Award 2010.

• 2012:

• Best Bank Award 2011.
• Most Socially Responsive Bank 2011.
• Overall Most Productive Bank Award 2011.
• Golden Peacock National Training Award.
• Best in Corporate Social Responsibility overall.
• Skoch Financial Inclusion Award for its Jana Mitra Rickshaw Scheme.
• India pride Awards in Corporate Social Responsibility (CSR).
• Editorial Board Roll of Honor by CNBC TV18 India Best Banks and Financial Institutions Awards.
• Global HR Excellence Award under the category ''Organization with Innovative HR Practices''.
• Two Awards for SME financing.
• –For lending under Prime Minister's Employment Generation Programme (PMEGP) Scheme in North Zone and for Lending in Khadi and Village Industry Commission (KVIC) Interest Subsidy Scheme on All India level.
• Best Bank Awards among Large Banks for ''IT for Internal Effectiveness''.
• Golden Peacock Award for HR Excellence 2011.
• Award for Excellence in Training.

• 2013:

• Golden Peacock Business Excellence Awards for the year 2011–12.
• Social and Corporate Governance Award– Best Corporate Social Responsibility.
• Most Socially Responsive Bank 2012.
• Best Public Sector Bank.
• Best Bank and Financial Institutions Awards.
• Organization with Innovative HR Practices.
• Best online Bank (1st Runner Up) Indian Banks' Association.
• Bank with Best Use of Business Intelligence (W inner).
• Bank with Best Risk Management and Security Initiatives (winner).
• Bank with Best Financial Inclusion Initiatives (Second Runner up).
• Best Bankers' Award under Agriculture Credit–Large.
• Best Public Sector bank under Priority Sector Lending.
• 3rd CMO Asia Excellence for Branding & Marketing under Banking, Financial Institutions and Insurance.
• 3rd Asia's Best Employer Brand Awards– Excellence in Training.