More lately, PNB’s global strategy has seen the company formulating a joint venture with
Andhra Bank and Bank of Baroda with a view to acquire potential target banks in Malaysia. The bank has also received clearance from the Financial Services Authority (UK’s banking regulator) for its UK subsidiary. PNB intends to open two branches initially, to later expand across UK.
On the domestic front the company is charting expansion plans for the North-Eastern part of India. Moreover, the company has also inked some agreements and has tied up with companies like Kotak and Motilal Oswal to offer educational loan insurance and on-line trading facilities. The latest results of the company (quarter ending December 2006) showed an increase of 16% in net profits, while the total income of the bank increased by 21%. SC Gupta elucidates PNBs USPs as the largest network of branches under CBS network, reliability of service, range of products and huge resources at beck and call. Guess that justifies why Punjab National Bank is the only bank in India with ‘National’ attached to its name. Ever pondered over that one?
Andhra Bank and Bank of Baroda with a view to acquire potential target banks in Malaysia. The bank has also received clearance from the Financial Services Authority (UK’s banking regulator) for its UK subsidiary. PNB intends to open two branches initially, to later expand across UK.On the domestic front the company is charting expansion plans for the North-Eastern part of India. Moreover, the company has also inked some agreements and has tied up with companies like Kotak and Motilal Oswal to offer educational loan insurance and on-line trading facilities. The latest results of the company (quarter ending December 2006) showed an increase of 16% in net profits, while the total income of the bank increased by 21%. SC Gupta elucidates PNBs USPs as the largest network of branches under CBS network, reliability of service, range of products and huge resources at beck and call. Guess that justifies why Punjab National Bank is the only bank in India with ‘National’ attached to its name. Ever pondered over that one?
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Source : IIPM Editorial, 2006
An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative
Read more:-
Source : IIPM Editorial, 2006
An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative
Read more:-
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