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Topic: Bank of Punjab


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In the News (Mon 6 Oct 08)

  
  Punjab National Bank - Wikipedia, the free encyclopedia
Punjab National Bank (PNB), established in 1895 in Lahore, then a part of undivided India, is the second largest public sector commercial bank in India with about 4500 branches and offices throughout the country.
The Government of India nationalized the bank, along with 13 other major commercial banks of India, on July 19, 1969.
1986 The Reserve Bank of India required PNB to transfer its London branch to State Bank of India after the branch was involved in a fraud scandal.
en.wikipedia.org /wiki/Punjab_National_Bank   (323 words)

  
 The Bank of Punjab
On behalf of the Board of Directors, I am pleased to present accounts of the Bank of Punjab for the 1st quarter of the year ended March 31, 2006.
The Bank earned a pre-tax profit of Rs.822 million during the quarter as compared to Rs.565 million for the similar period last year indicating 46% growth.
The Board of Directors is grateful to the Government of Punjab for its enduring support, to the State Bank of Pakistan for valuable guidance, to the customers for their trust and to the shareholders for their confidence reposed in the Management of the Bank.
www.bop.com.pk   (420 words)

  
 Bank of Punjab in talks with Citi, NewBridge
Bank of Punjab is in talks with a few strategic investors, including NewBridge Capital and Citibank, for a possible placement of up to 49 per cent of its equity through the preferential route.
Bank of Punjab Chairman Darshanjeet Singh, however, refused to reveal the entities the bank was in discussions with.
Bank of Punjab was earlier in talks with HDFC Bank.
www.rediff.com /money/2003/dec/09bank.htm   (370 words)

  
 Centurion Bank, Bank of Punjab, merger, private sector banks, India: Banknet India
Bank of Punjab (BoP) and Centurion Bank (CB) have been merged to form Centurion Bank of Punjab (CBP).
The choice before smaller private banks is to merge and form bigger and viable entities or merge into a big private sector bank.
The proposed merger of Bank of Punjab and Centurion Bank is sure to encourage other private sector banks to go for the M&A road for consolidation.
www.banknetindia.com /banking/bop.htm   (275 words)

  
 rediff.com: Bank of Punjab contemplates acquisitions
Bank of Punjab, a private sector bank, is in talks to acquire some banks based in South India, a financial daily said on Wednesday.
The bank plans to raise the number of its automated teller machines to 150 by March end from the current 68.
The paper said that Bank of Punjab is targeting to add 20 branches and 38 e-bank centres in Punjab and Haryana, it said.
www.rediff.com /money/2001/jan/17punjab.htm   (266 words)

  
 Bank of Punjab, Canadian banktie up for speedy NRI remittance
BoP is a new generation private sector bank - established in 1995 - and has a network of 58 branches and 23 e-bank centers across the country.
BoP has plans to add about 15 branches to its present network and to enlarge its ATM network this year from the existing 60 across the country.
Bank of Nova Scotia is one of north-America's premier financial institutions, and Canada's leading bank with an asset base of Canadian $223 billion.
www.expressindia.com /fe/daily/20010125/fec25033.html   (440 words)

  
 domain-B : Indian business : management : m&a : Centurion Bank of Punjab and Lord Krishna Bank to merge
Centurion Bank of Punjab proposes to issue 75 million fully paid up equity shares at Rs24.54 per equity share for Rs184.05 crore to India Advantage Fund V and 95 million fully paid up equity shares at Rs25 per equity share for Rs 237 crore to Bank Muscat (S A O G).
Centurion Bank of Punjab will have an extraordinary general meeting (EGM) of its shareholders on September 30, 2006, the date on which Lord Krishna Bank has scheduled its AGM, and both banks will seek approvals for the merger from their respective shareholders at these meetings.
New generation private sector Centurion Bank of Punjab was formed with the merger of Centurion Bank and Bank of Punjab in 2005.
65.175.64.197 /management/m_a/20060904_Lord_Krishna_Bank.html   (672 words)

  
 punjab national bank,PNB,punjab national bank in india,punjab national bank loan,PNB branches   (Site not responding. Last check: 2007-10-01)
Punjab National Bank of India is also a member of SWIFT and more than 150 PNB Branches are connected with terminals in Mumbai.
Punjab National Bank has its Branches in all the 7 metropolitan and cosmopolitan cities in Inadi namely New Delhi, Mumbai, Calcutta, Chennai, Bangalore, Hyderabad and Ahmedabad.
Interest of Punjab National Bank Home Loan is charged on reducing balance and the amount to be sanctioned depends upon the repaying capability of the borrower.
finance.indiamart.com /investment_in_india/punjab_national_bank.html   (562 words)

  
 Punjab Kesari NewsDetails
New Delhi : Punjab and Sind Bank today announced that it has floated a lower Tier II issue of Rs 100 crore bonds with the green shoe option of retaining the oversubscription upto Rs 100 crore.
With the view to meet the Basel II norms as also for expansion of the assests during the current financial year the bank is raising the funds through the issue of Tier II bonds, it said.
During the 2005-06, the bank declared a net profit of Rs 108.32 crore and clocked a deposit growth of 19.43 per cent and 44 per cent increase in advance.
www.punjabkesari.com /frmChNewsDetails.aspx?uid=28739&CatName=Punjab   (208 words)

  
 News @ Cisco: Punjab National Bank goes the e-Way
Punjab National Bank is investing in this IT infrastructure upgrade to deliver next-generation banking services to its customers across 300 of its branches by March 2003.
With this network the bank will be able to improve its efficiencies in the area of credit management, loan disbursements, inter office money transfers etc. In addition, PNB plans to initiate Internet Banking services for its customers.
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.
newsroom.cisco.com /dlls/global/asiapac/news/2002/pr_11-14.html   (723 words)

  
 Punjab & Sind Bank , Public Sector Banks In India   (Site not responding. Last check: 2007-10-01)
Punjab and Sind Bank was established in the year 1908 with the principle of helping the weaker section in the society.
It is the first bank in Northern India to get ISO 9002 certification for its selected branches.
Punjab and Sind Bank is having a special tie-up arrangements with insurance companies to provide insurance related services to its customers.
finance.indiamart.com /investment_in_india/punjab_sind_bank.html   (317 words)

  
 Punjab India Asia Regional
But the Punjab Chief Minister says there is no permission required from imported...
Punjab), Rakesh Masih (TFA), Aibor Khongjee (Meghalaya), Gobin Singh (Hindustan Aeronautics Limited), Baljit Sahni (Punjab) and F. Lalmuanpia (Assam/Oil India).
The Reserve Bank of India had earlier this week said that inflation pressures remain...
www.iaswww.com /ODP/Regional/Asia/India/Punjab   (395 words)

  
 come connect.com : Banking
Bank of Punjab opened its first branch at Chandigarh, in April 1995.
By 2005, the bank is looking at a total business volume of Rs 160 billion, deposits at Rs 100 billion and a strong presence in Retail and Corporate Banking.
Bank of Punjab offers a wide range of customer centric personal banking services through the Internet and a fully computerized branch/off-site ATM Network.
www.comeconnect.com /banks/bpl.htm   (394 words)

  
 The Hindu Business Line : Centurion Bank of Punjab Q4 net rises 12 pc
Centurion Bank of Punjab has reported a net profit of Rs 26 crore in the quarter ended March 2006 as against Rs 9.6 crore in the quarter ended March 2005.
The results for the March 06 are of the merged entity — Centurion Bank of Punjab — and hence are not comparable with that of March 05.
The bank has reduced its net NPA to 1.13 per cent from Rs 2.65 per cent.The capital adequacy ratio of the bank at the end of March, 06 was at 12.52 per cent.
www.blonnet.com /2006/05/20/stories/2006052003030600.htm   (390 words)

  
 Punjab India Pakistan Punjabi network - World Bank Urges Punjab to Embark On Fiscal Reforms   (Site not responding. Last check: 2007-10-01)
In a move to reduce fiscal debt in Punjab, the World Bank on Tuesday urged Punjab to put reforms at the top of its agenda.
Though Punjab embarked on fiscal reforms in 2002 in sectors like power, irrigation and transport to come out of the fiscal debt and to boost growth, last year it rolled back much of its own fiscal management steps.
The report also points out that the main problem with Punjab is not articulating the reform programme but implementing it, if the current state of growth persists the World Bank feels, Punjab would no longer be the most prosperous state in the country by the end of the decade.
punjabi.net /printout194.html   (277 words)

  
 The Tribune, Chandigarh, India - Punjab
Punjab Chief Minister Amarinder Singh today launched the electronic kisan card of Bank of Punjab to ensure 24-hour credit to farmers enjoying credit limits with the Bank of Punjab to enable them to get best quality inputs like pesticides, high-yielding seeds and fertilisers from the approved outlets.
Punjab Chief Minister Amarinder Singh (left) hands over an electronic kisan card after these were launched by the Bank of Punjab in Chandigarh on Monday.
Punjab Forest Minister Hans Raj Joshan today said that about 4,502 cases of fake pension under the old-age pension scheme were found in this district and the same had subsequently been cancelled.
www.tribuneindia.com /2004/20040921/punjab.htm   (1509 words)

  
 Centurion Bank of Punjab FY'06 net up 250 pc
Centurion Bank of Punjab today announced a net profit of Rs 87.8 crore for the year ended March 31, 2006, an increase of 250 per cent over the previous year.
The Bank’s capital adequacy at the end of Mar 31, 2006 stood at 12.52%.
The Bank has positioned the card as a ‘card with a conscience’ as each subscription facilitates members to make a very nominal contribution of Rs.50, while a matching contribution of Rs.50 is made by Centurion Bank of...
news.webindia123.com /news/articles/India/20060518/338232.html   (486 words)

  
 Come Connect : Banking
NB is the first bank to have been started solely with Indian capital in 1895.
The esteemed bank is delivering quality services for all banking needs and is committed to maintain excellence in customer service.
It is presently celebrating 92 years of dependable banking and has proven record of handling NRI accounts and has an international banking division.
www.comeconnect.com /banks/index.htm   (265 words)

  
 Scotiabank Offers to Purchase Five Per Cent of Bank of Punjab : ArriveNet Press Releases : Business   (Site not responding. Last check: 2007-10-01)
A nationally licenced, publicly-traded bank, Bank of Punjab has a strong presence in India's northern state of Punjab, as well as in the national capital region of Delhi and the neighboring state of Haryana.
With over 130 full-service, retail banking branches and commercial centers, plus specialized trade and foreign exchange units, Bank of Punjab has branches in several cities outside of northern India, including Mumbai.
"Bank of Punjab is well positioned to take advantage of rapid industrial growth, as well as increasing consumer demand, and with this investment Scotiabank hopes to join Bank of Punjab in the exploration of joint business opportunities in the Indian market," added Mr.
press.arrivenet.com /business/article.php/596969.html   (541 words)

  
 Punjab National Bank (PNB) to open Overseas Branches   (Site not responding. Last check: 2007-10-01)
Punjab National Bank (PNB) has plans to go global with opening of at least two overseas branches.
China is expected a huge opportunity for banking as it is the most populous nation and is in a developing stage.
Punjab National Bank which is wholly owned by the Central Government, plans a public issue once domestic equity markets improve.
www.namasthenri.com /banks/2811a.htm   (151 words)

  
 Centurion Bank of Punjab mulls acquisition- The Economic Times   (Site not responding. Last check: 2007-10-01)
MUMBAI: Centurion Bank of Punjab, the merged entity between the Centurion Bank and the Bank of Punjab, on Saturday said it is looking at further acquisition to increase its presence in the domestic market.
He said the acquisition would aim at increasing the bank's presence in the country and would be carried out in such a manner that the branches do not overlap too much.
Centurion Bank of Punjab has 240 branches, mainly concentrated in the North and South.
economictimes.indiatimes.com /articleshow/1344846.cms   (231 words)

  
 Punjab National Bank
The Bank is ranked 515 among the biggest banks in the world by Bankers' Almanac (January 2000) London.
It has strong correspondent relations with 217 leading international banks all over the world and maintains accounts in as many as thirteen currencies.
With a long tradition of sound banking and an in-depth knowledge of the India economy, the bank is well-poised to built upon its considerable successes for many years to come.
www.indiapublicsector.com /Pnb_p.htm   (156 words)

  
 BankMuscat: Leading International Bank in Oman
The bank, which posted net profit’s of RO 45.4 million for the year ended 31 December 2005, (subject to regulatory and shareholder approvals) has just concluded its first International Manager’s workshop in the capital region.
This is further expected to help the bank better align itself with its future growth strategy, an imperative to its realizing its local and regional ambitions.
BankMuscat has time and again re-affirmed that it is committed to becoming one of the leading banks across the GCC region by the turn of the decade.
www.bankmuscat.com /bankmuscat_gears_up_for_the_futurer.shtml   (240 words)

  
 Mobile Banking   (Site not responding. Last check: 2007-10-01)
Bank of Punjab now puts its Banking Services in the customers pocket.
Mobile Banking comes in as a part of the bank's initiative to offer multiple channel banking providing convenience for its customers.
Now Bank of Punjab has become the first Indian Bank to offer Global Mobilebanking service which, you will be able to avail from not only the city in which you are having cellular service provider, but also from anywhere across India, and the globe.
www.bankofpunjab.com /mobilebanking_center.htm   (188 words)

  
 The Bank of Punjab   (Site not responding. Last check: 2007-10-01)
The ratings are applicable to the senior unsecured creditors (depositors) of the bank.
While the credit deposit ratio of the Bank is indicative of its relatively low risk appetite this is in fact, an outcome of human resource and technological constraints.
The management is embarked on a strategy of removing these constraints through a well-conceived plan, the implementation of which is expected to position the Bank for pursuing growth more aggressively but prudently.
www.pacra.com /News/bop.htm   (207 words)

  
 [No title]   (Site not responding. Last check: 2007-10-01)
This will be the 240th branch of the Bank to be opened in the country.
With strengths in the retail, SME and agriculture businesses the bank is well poised to capture the opportunities that exist in the Indian market.
The combined bank’s 3,500 employees will continue to provide support and an enhanced banking experience to our customers, as part of a bigger, stronger bank.
www.retailyatra.com /PageDetails.asp?Cat_Id=1&SubCat_ID=52&Page_ID=3332   (399 words)

  
 ICICI Bank eyes Bank of Punjab
According to banking analysts, ICICI Bank's plans to take over or merge Bankof Punjab makes sense as it is in line with its overall retail thrust.
Bankof Punjab, which completed four years of operations in March 1999, has anetwork of over 50 branches and extension counters and a customer base offour lakh.
ICICI Bank is believed to have initiated a simultaneous move to explore thepossibilities of merging either Centurion Bank or Bank of Punjab with itthrough a share swap.
www.expressindia.com /fe/daily/19991217/fec17033.html   (409 words)

  
 Leading International Bank in Oman
BankMuscat holds the rare distinction of being voted the ‘Best Bank in Oman’ four times in a row by The Banker, FT London, five times in a row by Euromoney and five times by Global Finance Inc. The Bank was awarded the People Development Award at Oman Awards for Excellence, in 2003 and 2004.
In 2004, the Bank achieved the rare distinction of becoming the first bank in the Middle East to be completely ISO 9000:2000 certified.
The Bank’s clients include domestic and multinational companies engaged in activities across all sectors of the economy such as contracting, telecommunications and oil and gas.
www.bankmuscat.com /about_bk_profile.shtml   (599 words)

  
 Centurion Bank of Punjab to launch credit cards - Sify.com   (Site not responding. Last check: 2007-10-01)
Mumbai: Centurion Bank of Punjab on Monday said that it will launch a credit card facility in the next couple of months.
"Bank will soon launch credit cards which can be in the form of a joint venture or through outsourcing our processing or through a `White Label'," he said.
Notably, the bank, result of the merger of Centurion Bank with Bank of Punjab on October 1, 2005, posted a net profit of Rs 23.27 crore, up by 227.7 per cent for the quarter ended December 31, 2005.
sify.com /finance/fullstory.php?id=14121087   (271 words)

  
 Bank of Punjab set to go tech-driven
BANK of Punjab today announced a slew of initiatives for the future including plans to enter the credit card business, setting up B2B and B2C portals and the introduction of online trading.
He said that the bank plans to add 15 more branches during the current fiscal, taking the total branch network to 72.
The bank also plans to increase its ATM network from the present 43 to 100 by March 31, 2001, and to 200 by March 31, 2002.
www.thehindubusinessline.com /2000/09/27/stories/172708g1.htm   (269 words)

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