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9th September 2015, 04:13 PM
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Join Date: Apr 2013
Re: History of PNB Metlife

Punjab National Bank was established in 1895 in Lahore and is known as one of the oldest banks in India having a virtual presence in every important center of the country

In July 2011, Punjab National Bank agreed to pick up a 30% stake in MetLife India which will make it the single largest shareholder in the private insurance company.
The two parties have agreed that once the deal is finalized the company will be renamed PNB MetLife India.
Awards:
National Award for Excellence in SSI Lending– Ranked 2nd for four consecutive years from 2002 to 2005
The Banker's Almanac – Ranked 3rd amongst banking sector in India and 323rd rank in the world in 2006
The Banker, London– Ranked 386 amongst Top 1000 Global Banks in July 2005
AC Nielson Survey – 9th amongst Top 50 Most Trusted Services Brands in India
Golden Peacock Award– for excellence in corporate governance in 2005
Best Corporate Social Responsibility Practice Award 2011
In 2012 win the Award for Excellence in Training
In 2013 win Best Public Sector Bank

Subsidiaries of Punjab National Bank
PNB Gilts
PNB Housing Finance
PNB Investment Services
PNB Insurance Broking
PNB Life Insurance Co.

Joint Ventures of Punjab National Bank
Principal PNB Asset Management Company
Principal Trustee Company
Assets Care Enterprises
India Factoring & Finance Solutions


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