Suryadatta College Of Management

Information Research & Technology

(SCMIRT)

Course:-S.Y. BBA (Sem-III)

Title /topic :- Punjab National Bank
Subject : Banking - II
Name & Roll no:- JASWANT SUTHAR - 72

Submitting to :- Rasika Naik Ma’am

Punjab national
bank
What is
bank
—
? establishment which makes to individuals,
Bank is an
such advances of money as may be required and safety
made to which individuals entrustmoneywhen not
needed by them for use.

Banking
— Banking is defined as the accepting for the purpose of
landing or investment of deposits of money from the
public , repayable on demand or otherwise , and
withdraw able by cheque, draftorder or otherwish.
 Introduction
—
PNB has the distinction of being the first Indian
bank to have been started solely with Indian capital that
has survived to the present .
— PNB has had the privilege of maintaining accounts
of national leaders such as Mahatma Gandhi, Shri
jawahar lal Nehru , shree lal bahadur shastri, Shrimati
Indira Gandhi , as well as the account of the famous
jalianwala Bagh committee.
— PNB is astate owned financial services company . The
founder was Lal Laj Pat Rai and Dyal singh Majithia.
— Registered on may 19,1894.

— Second largest government – owned commercial bank.

— The bank was incorporated under the Act VI of 1882

,Indian companies Act, the bank commenced

operations on April 12, 1895 from Lahore, with an
authorized total capital of Rs 2 lakh and working
capital of 20,000.
— PNB is organized by government of India.
— PNB is an Indian multinational banking and financial
services company.
— PNB,s total assets is Rs 3,974.39 crore.
— Their hade office is in New Delhi.
— PNB,s CEO is sunil mehta.
— PNB have more than 80 million customers and 7000
branches and 10681 ATMs across 764 cities.
— PNB,s branches are in Hong kong , Dubai and kabul.
 Subsidiary
PNB has a banking subsidiary in the UK (PNB
International Bank, with seven branches in the UK),
as well as branches in Hong Kong, Kowloon, Dubai, and 
Kabul. It has representative offices in Almaty (
Kazakhstan), Dubai (United Arab Emirates), Shanghai (
China), Oslo (Norway), and Sydney (Australia). In Bhutan
 it owns 51% of Druk PNB Bank, which has five
branches. In Nepal PNB owns 20% of 
Everest Bank Limited, which has 50 branches. Lastly,
PNB owns 41.64 % of JSC (SB) PNB Bank in
Kazakhstan, which has four branches.
 History
-PNB is the first Indian bank to have been started
solely with Indian capital that survives to the present -
the earlierOudh Commercial Bank was established in
1881, but failed in 1958.
-In 1900 PNB established its first branch outside
Lahore in India. Branches in Karachi and Peshawar
 followed. The next major event occurred in 1940
when PNB absorbed Bhagwan (or Bhugwan) Dass
Bank, which had its head office in Dehra.
 Frauds
Punjab National Bank Fraud Case, 2018
Punjab National Bank disclosed in February 2018 that
it detected fraudulent transactions of up to $1.77
billion at just one of its branches.

• Punjab National Bank Fraud Case, 2019

In July 2019, Punjab National Bank detected another
fraud, worth ₹3,805.15 crore (US$533 million) by 
Bhushan Power & Steel Ltd (BPSL).
Works of Punjab National Bank
— Accepting the deposits
— Giving the loans
— Discounting of bills
Agency services
— Issuing the credit instruments , cheques and circular
notes
— Transferring the funds
— Purchase and sale of securities
— Collecting interest and dividend
— Making the payments

GENERAL
services
— Letter of credit
— Foreign exchange
— Mobile banking
 Acquisition
NumberAcquisition date Company Location
1 1951 Bharat Bank Ltd. New Delhi, India
2 1961 Universal Bank of India Dalmianagar, Bihar, India
3 1962 Indo-Commercial Bank India
4 1986 Hindustan Commercial Bank India
5 1993 New Bank of India New Delhi, India
6 2003 Nedungadi Bank Kozhikode, Kerala, India
7 2020 Oriental Bank of Commerce Gurugram (Head Office)
United Bank of India Kolkata (Head Office)
 PNB
—
METLIFE
PNB MetLife brings together the expertise of MetLife Inc.,
a leading global life insurance company, and the credibility
and reliability of Punjab National Bank, one of India's
oldest and leading nationalized banks. Our vast distribution
reach combined with global insurance expertise and product
range makes us a strong and trusted name in the insurance
market of India.
— Founded in 1868, MetLife has served approximately 100
million customers globally. PNB, founded in 1895, is a
banking giant and has always been a people's bank. PNB
Metlife has been present in India since 2001.
— We have given protection and assured coverage for
lives amounting to more than 354,693 crores in India.
3 Total Base Sum Assured for Group & Individual
policies as on June 30, 2017
—

— PNB MetLife is present in over 111 locations across

the country and serves customers in more than 7,000
locations through its bank partnerships
—

— Among the few profitable life insurance companies

operating in India, consistently profitable for the last 7
Financial Years.
What is cheque ?
— Cheque is a negotiable instrument used to make
payment in day to day business transaction minimizing
the risk and possibility of loss. It is used by individuals,
businesses, corporate and others to transact for making
and receiving payment.
Different Types of
Cheque
— There may be different types of Cheques depending on
how the drawer has issued the Cheque.
— Open / Bearer Cheque
— Order Cheque
— Crossed Cheque
— Anti Dated Cheque
— Post Dated Cheque
 Cheque clearing
— If you have an account with PNB and your friend has an
account with SBI, your friend gives SBI cheque to you. After
receiving the cheque your deposit with PNB. PNB sends
the cheque to SBI for collection of the fund. SBI gives fund
to PNBdeducting from your friend’s account. PNB in turn
deposit the money to your account. This episode is termed as
cheque clearing.
— under CTS - Cheque Truncation System of clearing only
the image and data of cheque move from one bank to
another electronically without physical movement of
cheques.
 PNB
NEFT
— NEFT is developed by the Reserve Bank of India (RBI)
to facilitate customers to transfer funds from one bank
account to another bank account within the country. A
PNB customer can request an NEFT transfer by providing
information such as the amount to be remitted or debited,
name of the beneficiary bank, name and account number of
the beneficiary customer and IFSC code of the receiving
branch, according to the PNB website. IFSC or Indian
Financial System Code is printed on cheque leaves, the
bank mentions. All branches of PNB "are NEFT enabled",
according to the bank.
—
 PNB NEFT
charges
Transaction Amount Transition fee

Up to Rs 10,000 Rs. 2.50

Above Rs 10,000 to Rs 1 lakh Rs. 5.00

Above Rs 1 lakh to 2 lakh Rs. 15.00

Above 2 lakh Rs. 25.00

— Limit
There is no minimum or maximum limit for remittance through NEFT.
 PNB
RTGS
— RTGS or Real Time Gross Settlement refers
to a real- time settlement of funds transfers
individually on an order by order basis (without
netting), wherein real- time means the processing of
instructions at the time they are received rather than at a
later time. A PNB customer can request an RTGS
transfer by providing information such as amount to be
remitted or debited, name of the beneficiary bank, name
and account number of the beneficiary customer,
according to the PNB website.
 PNB bank RTGS
—
charges
Transaction Amount Transaction fee

Rs. 2 lakh to 5 lakh RS. 25

Above Rs 5 lakh Rs 50

— Limit
While PNB customers can transfer a minimum of Rs. 2 lakh via RTGS, there is
no maximum limit prescribed by the bank.
 References -From Google &-By
interviewing PNB KYC Department Head Mrs.
Geeta Vaidya at PNB Kothrud Branch.
 Thank
You
Faithfully,
Yours
Jaswant Suthar