https://indianmasterminds.com

ADVERTISEMENT
ADVERTISEMENT

PNB 2.0 Emerges Stronger To Play a Greater Role in Nation-Building

The Punjab National Bank is stronger than ever after its amalgamation and is diligently helping the country in progressing. The Punjab National Bank is stronger than ever after its amalgamation and is diligently helping the country in progressing.
Indian Masterminds Stories

Indian banking industry witnessed the mega consolidation exercise on 01st April 2020, which reduced the number of Public Sector Banks from 19 to 12 at present. Erstwhile Oriental Bank of Commerce and United Bank of India were amalgamated with Punjab National Bank to create one of the largest banking behemoths in the country with total business exceeding ₹18 lakh crores. PNB now has a wide presence across the country with its 10,800+ branches, 13,900+ ATMs and 12,300+ Business Correspondents with One lakh plus strong workforce

Commenting on the bank’s significant progress since the amalgamation, Shri CH. S. S. Mallikarjuna Rao, MD and CEO of PNB, said, “We have completed our technology integration in the record time by December 2020, to be able to focus on the business priorities from year 2021 onwards. We have also realigned various internal processes and revamped the organization structure to position the Bank as customer-centric and future-ready. Seamless integration and harmonization of products, processes, distribution channels, creation of specialized units and technology platform have benefited customers in terms of wider products offerings and better service experience.”

The amalgamation has been a remarkable journey for all the stakeholders with successful harmonization of varied working cultures, integration of diverse internal processes and complex technologies while overcoming the challenges posed by the pandemic. Notably, the technological migration activity was completed with a near-zero disruption. PNB has completed this migration activity with minimal disruption.

Moreover, it has enhanced its presence in North East regions in terms of branches, business and customer base. The wider geographical footprint has helped it serve customers more effectively and efficiently and is assisting stressed MSMEs in line with its traditional role of supporting the Indian entrepreneurial spirit while maintaining thrust on being the leader in supporting Rural areas and the Agriculture sector. As one of India’s leading public sector banks, PNB has a larger and more constructive role in ensuring inclusive and balanced growth among individual entrepreneurs and corporates in India.


Indian Masterminds Stories
ADVERTISEMENT
ADVERTISEMENT
Related Stories
ADVERTISEMENT
ADVERTISEMENT
NEWS
IPS-logo-resized_new
10 Senior Cops Get New Roles In Bihar Police; DG Jitendra Kumar Gets Additional Charge of B-SAP
Indian Forest Services IFS officer
Jharkhand IFS Rajneesh Kumar Transferred Amid Ongoing Legal Proceedings - Details Inside
Uttar Pradesh UP Government
17 Review Officers Transferred in Uttar Pradesh Secretariat Administration Reshuffle - Details Inside
IFS-forest-resized
6 IFS Officers Transferred in Odisha to Strengthen Environmental Administration, Jagayandatt Pati Made RCCF, Koraput Circle
IAS Officers Indian Administrative Services IAS logo
4 Young IAS Officers Reshuffled in Uttarakhand, Rahul Anand Made Joint Magistrate, Dehradun
Odisha Government
Odisha Elevates Two Promising IFS Officers to Senior Time Scale, Strengthening Forest Leadership - Know More About Them
Yogi Adityanath UP
Uttar Pradesh Floods: CM Yogi Adityanath Forms ‘Team-11’ for Swift and Transparent Flood Relief Across 12 Districts
DGR Job Fair
DGR Job Fair 2025 Held in Delhi to Empower Ex-Servicemen with Career Opportunities in Emerging Tech - Details Inside
ADVERTISEMENT
ADVERTISEMENT
Videos
IAS Karn Satyarthi
How IAS Karn Satyarthi Transformed Gumla Through Empathy and Innovation
Ananth Rupanagudi IRAS
IRAS Ananth Rupanagudi’s Take on Corruption, Reform, and Duty
WhatsApp Image 2025-07-26 at 13.16
What Most Indians Don't Know About Jim Corbett
ADVERTISEMENT
UPSC Stories
BPSC Bihar police
From Lantern Light to Police Uniform: How Praveen Kumar from a Small Bihar Village Cracked BPSC to Become SDPO
From a lantern-lit village in Bihar to becoming an SDPO, Praveen Kumar's journey is a testament to resilience,...
IAS Priyansha Garg
Why Mindset Matters: IAS Priyansha Garg’s Mental Health Mantra for UPSC
After two failed prelims, Priyansha Garg cracked UPSC with AIR 31 in her fourth attempt, proving how...
Ashish Akshat
From Setback to State Topper: How Ashish Akshat Topped JPSC While Working Full-Time
Ashish Akshat from Dhanbad topped JPSC 2023, proving that resilience, discipline, and family support...
Social Media
Mudumalai Tiger Reserve
Mudumalai Tiger Reserve: From India’s First Sanctuary to a Tiger Conservation Success Story | International Tiger Day Special
IAS Supriya Sahu Hails Mudumalai's Role in Tiger Conservation on Tiger Day. Declared in 1940, Now Among...
Mangroves
Mangroves: Nature’s Shield Against Disasters, Says Officer Parveen Kaswan on Mangroves Day - Watch His Post Here
Mangroves, with their dense, interlaced root systems, form a mesh-like structure that serves as a buffer...
Retired IPS Inderjit Singh Sidhu
Purpose Doesn’t Retire: How 88-Year-Old Retired DIG Becomes Chandigarh’s ‘Quiet Warrior’ of Cleanliness
Inderjit Singh Sidhu’s Dawn Patrol Earns Applause, Mahindra’s Praise for a Man Who Chose Action Over...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Latest
IPS-logo-resized_new
10 Senior Cops Get New Roles In Bihar Police; DG Jitendra Kumar Gets Additional Charge of B-SAP
Indian Forest Services IFS officer
Jharkhand IFS Rajneesh Kumar Transferred Amid Ongoing Legal Proceedings - Details Inside
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Videos
IAS Karn Satyarthi
Ananth Rupanagudi IRAS
WhatsApp Image 2025-07-26 at 13.16
ADVERTISEMENT
ADVERTISEMENT