citations for verification . please help improve this article by adding citations to reliable sources . unsourced material may be challenged and removed . june 2012 learn how and when to remove this template message punjab national bank type public traded as bse 532461 nse pnb cnx nifty constituent industry banking financial services founded 19 may 1894 ; 122 years ago 1894 05 19 1 2 founder lala lajpat rai headquarters new delhi key people usha ananthasubramanian md & ceo products credit cards consumer banking corporate banking finance and insurance investment banking mortgage loans private banking private equity wealth management revenue 47 400 crore us 7.0 billion 2013 3 4 net income 4 748 crore us 710 million 2013 3 4 total assets 6 435 billion us 96 billion 2015 5 owner government of india number of employees 62 392 march 2013 3 website www.pnbindia.in punjab national bank is an indian multinational banking and financial services company . it is a state owned corporation based in new delhi india . founded in 1894 the bank has over 6 968 branches and over 9 656 atms across 764 cities . it serves over 80 million customers . 3 punjab national bank is one of the big four banks of india along with bank of baroda icici bank and state bank of india . 6 it 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 . pnb owns 20 % of everest bank limited which has 50 branches in nepal . lastly pnb owns 84 % of jsc sb pnb bank in kazakhstan which has four branches . contents 1 history 1.1 timeline 1.2 financial performance 2 mergers and acquisitions 3 listings and shareholding 4 employees 5 awards and recognitions 6 initiatives 7 see also 8 citations and references 9 external links history edit punjab national bank was registered on 19 may 1894 under the indian companies act with its office in anarkali bazaar lahore . the founding board was drawn from different parts of india professing different faiths and a varied back ground with however the common objective of providing country with a truly national bank which would further the economic interest of the country . 1 pnb s founders included several leaders of the swadeshi movement such as dyal singh majithia and lala harkishan lal lala lalchand shri kali prosanna roy shri e.c. jessawala shri prabhu dayal bakshi jaishi ram and lala dholan dass . 7 8 lala lajpat rai was actively associated with the management of the bank in its early years . the board first met on 23 may 1894 . 1 the bank opened for business on 12 april 1895 in lahore . pnb has the distinction of being the first indian bank to have been started solely with indian capital that has survived to the present . the first entirely indian bank oudh commercial bank was established in 1881 in faizabad but failed in 1958 . pnb has had the privilege of maintaining accounts of national leaders such as mahatma gandhi jawahar lal nehru lal bahadur shastri indira gandhi as well as the account of the famous jalianwala bagh committee . 1 timeline edit 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 dun . at the partition of india and the commencement of pakistani independence pnb lost its premises in lahore but continued to operate in pakistan . partition forced pnb to close 92 offices in west pakistan one third of its total number of branches and which held 40 % of the total deposits . pnb still maintained a few caretaker branches . on 31 march 1947 even before partition pnb had decided to leave lahore and transfer its registered office to india ; it received permission from the lahore high court on 20 june 1947 at which time it established a new head office at under hill road civil lines in new delhi . lala yodh raj was the chairman of the bank . in 1951 pnb acquired the 39 branches of bharat bank est. 1942 . bharat bank became bharat nidhi ltd. in 1960 pnb again shifted its head office this time from calcutta to delhi . in 1961 pnb acquired universal bank of india which ramakrishna jain had established in 1938 in dalmianagar bihar . pnb also amalgamated indo commercial bank est. 1932 by s. n. n. sankaralinga iyer in a rescue . in 1963 the burmese revolutionary government nationalized pnb s branch in rangoon yangon . this became people s bank no. 7 . 9 after the indo pak war in september 1965 the government of pakistan seized all the offices in pakistan of indian banks . pnb also had one or more branches in east pakistan bangladesh . the government of india goi nationalized pnb and 13 other major commercial banks on 19 july 1969 . in 1976 or 1978 pnb opened a branch in london . some ten years later in 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 . that same year 1986 pnb acquired hindustan commercial bank est. 1943 in a rescue . the acquisition added hindustan s 142 branches to pnb s network . in 1993 pnb acquired new bank of india which the goi had nationalized in 1980 . in 1998 pnb set up a representative office in almaty kazakhstan . in 2003 pnb took over nedungadi bank the oldest private sector bank in kerala . at the time of the merger with pnb nedungadi bank s shares had zero value with the result that its shareholders received no payment for their shares . pnb also opened a representative office in london . in 2004 pnb established a branch in kabul afghanistan a representative office in shanghai and another in dubai . pnb also established an alliance with everest bank limited in nepal that permits migrants to transfer funds easily between india and everest bank s 12 branches in nepal . currently pnb owns 20 % of everest bank . two years later pnb established pnbil punjab national bank international in the uk with two offices one in london and one in southall . since then it has opened more branches this time in leicester birmingham ilford wembley and wolverhampton . pnb also opened a branch in hong kong . in january 2009 pnb established a representative office in oslo norway . pnb hopes to upgrade this to a branch in due course . in january 2010 pnb established a subsidiary in bhutan . pnb owns 51 % of druk pnb bank which has branches in thimpu phuentsholing and wangdue . local investors own the remaining shares . then on 1 may pnb opened its branch in dubai s financial center . pnb purchased a small minority stake in kazakhstan based jsc dena bank . within the year pnb increased its ownership and now pnb owns 84 % of what has become jsc sb pnb . the subsidiary has branches in almaty astana karaganda and pavlodar . dena bank was established on 20 october 1992 in pavlodar . september 2011 pnb opened a representative office in sydney australia . december 2012 pnb signed an agreement with us based life insurance company metlife to acquire a 30 % stake in metlife s indian affiliate metlife india limited . the company would be renamed pnb metlife india limited and pnb would sell metlife s products in its branches . 10 financial performance edit particulars 3 fy 2008 09 fy 2009 10 fy 2010 11 fy 2011 12 fy 2012 13 d total assets inr crores 246 919 296 633 378 325 458 192 478 877 e operating profit inr crores 5 690 7 326 9 056 10 614 10 907 f net profit 3 091 3 905 4 433 4 884 4 748 g business employee 655 808 1 018 1 132 1 165 h profit employee inr lakhs 5.64 7.31 8.35 8.42 8.06 i return on assets % 1.39 1.44 1.34 1.19 1.00 j gross npas % 1.60 1.71 1.79 2.93 4.27 k net npas % 0.17 0.53 0.85 1.52 2.35 l total branches 4 665 4 997 5 189 5 670 5 874 mergers and acquisitions edit number acquisition date company location price ref s . 1 1951 bharat bank ltd. new delhi india 2 1961 universal bank of india dalmianagar bihar india 3 1962 indo commercial bank india 4 1993 new bank of india new delhi india 5 2003 nedungadi bank kozhikode kerala india listings and shareholding edit pnb s equity shares are listed on bombay stock exchange and the national stock exchange of india . 11 12 it is a constituent of the cnx nifty at the nse . 13 shareholders as on 31 dec 2013 shareholding 14 promoter group govt . of india 58.87 % foreign institutional investors fii 17.51 % insurance companies 15.46 % individual shareholders 04.05 % banks financial institutions mutual funds uti 03.02 % others 01.09 % total 100.0 % employees edit pnb office in lucknow as on 31 march 2015 the bank had 68 290 employees . as of 31 march 2013 it also had 919 employees with disabilities on the same date 1.45 % . 3 the average age of bank employees on the same date was 46 years . 3 the bank reported business of inr 11.65 crores per employee and net profit of inr 8.06 lakhs per employee during the fy 2012 13 . 3 the company incurred inr 5 751 crores towards employee benefit expenses during the same financial year . 3 awards and recognitions edit punjab national bank was ranked 717 in the forbes global 2000 in may 2013 . 15 punjab national bank was ranked 26 in the fortune india 500 ranking of 2011 . 16 pnb was awarded the best public sector bank by cnbc tv18 in 2012 . 17 the bank was recognised as the most socially responsive bank by businessworld and pwc in 2012 . 18 19 in 2011 it received golden peacock award for excellence in corporate social responsibility 20 and national training award . 21 initiatives edit the bank incurred inr 3.24 crores on csr activities like medical camps farmer trainings tree plantations blood donation camps etc. during the fy 2012 13 . 3 see also edit banking in india list of banks in india list of companies of india citations and references edit citations a b c d e origin of pnb . punjab national bank . retrieved 18 february 2014 . cite error invalid ref tag ; name origin defined multiple times with different content see the help page . history of pnb . ndtv.com . retrieved 18 february 2014 . a b c d e f g h i j annual report 2012 13 pdf . pnb . retrieved 18 february 2014 . a b financials information for punjab national bank . hoover s. retrieved 18 february 2014 . the world s biggest public companies . forbes . the largest banks in india . www.relbanks.com . retrieved 2015 11 11 . singh majithia 1994 . tandon 1989 . turnell 2009 p. 226 . punjab national bank acquires 30 % stake in metlife company to be re branded . the indian express . 4 january 2013 . retrieved 18 february 2014 . punjab national bank . bseindia.com . retrieved 18 february 2014 . punjab national bank . nse india . retrieved