PNB Pune circle to have 16th branch

Punjab National Bank (PNB) is opening its 16^th branch in Pune. Anil Bhan, Pune circle head of PNB informed that the new branch will be inaugurated at Hinjewadi and it will start operations from December 5.

As per press note at present the Pune Circle of the bank is covering nine districts of western Maharashtra but after the opening of this branch it will have a total of 50 offices under its jurisdiction. PNB is having a nationwide network of about 4,600 offices.

Bhan, “Taking into consideration the diverse requirements of customers, we have opened 6 more branches in Pune Circle in the last one year. We have also provided 26 more ATMs. With this, the total number of ATMs has now become 44. Through Internet banking, customers can do banking operations from anywhere now”.

He further added, “We are committed to meet the necessities of customers like home loans, car loans and education loans. During the current financial year alone, we have disbursed more than Rs 175 crore under various retail schemes”.

He informed that there major focus will be on providing loans to students to pursue higher studies. “During the current financial year, we have sanctioned loans amount to Rs 10.54 crore to 280 students”.

To instill the banking habit in young students and poor stratum of society, the bank will also provide the facility of ‘zero balance PNB Vidyarthi and PNB Mitra accounts’, and this scheme will not carry any service charges. The press release stated “In the Pune Circle, with a view to provide relief to distressed farmers, we have waived/written off agriculture loans of Rs 551 lakh of 1,689 farmers,”.

Hinjewadi has developed as an important IT hub, therefore considering this fact bank new branch at Hinjewadi is expected to focus on IT companies and professionals.