Punjab National Bank, a public sector lender wholly owned subsidiary Punjab National Bank (International) Ltd located in UK has opened a fifth branch in the UK at Ilford, east London and plans to add two more this year.
Punjab National Bank (PNB) Chairman and Managing Director K R Kamath told that the two new branches will be opened at Wembley and Wolverhampton.
PNB is having more than 5,000 branches, 56 million customers and a total business of Rs 4.37 lakh crore.
Apart from pan-India operations, it has also opened branches in nine countries including UK, Hong Kong, the UAE (Dubai), China, Norway, Kazakhastan, Nepal, Bhutan and Afghanistan.
PNBIL MD S R Sharma told bank has a customer-centric approach and offers technology-based products like Chip & PIN-based debit card, Internet banking, competitive interest rates which has helped it in expanding its customer base and increase its profits rapidly.
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