30-08-2013, 04:05 PM
THE PRODUCTS AND SERVICES PROVIDED BY PUNJAB NATIONAL BANK
THE PRODUCTS AND SERVICES.doc (Size: 344 KB / Downloads: 18)
History of Punjab national bank
Punjab national bank was established in the year 1895.In 1904 PNB established its branches in Karachi and Peshawar later in the year 1939 PNB acquired the Bhagwandas Bank. At the time of partition of India and Pakistan at the time of independence in the year 1947 PNB lost its premises in Lahore, but continued to operate in Pakistan. In 1961 PNB acquired Universal Bank of India. The Government of Burma nationalized PNB's branch in Rangoon (Yangon) in 1963.
September1965 after the Indo-Pak war the government of Pakistan seized all the offices in Pakistan of Indian banks, including PNB's head office, which may have moved to Karachi. PNB also had one or more branches in East Pakistan (Bangladesh). In 1960s PNB amalgamated Indo Commercial Bank (est.1933) in a rescue.
The Government of India (GOI) nationalized PNB and 13 other top banks in 1969. PNB also opened a branch in London in the year 1976 or 1978. 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 in 1986.
PNB acquired Hindustan Commercial Bank in a rescue in 1988.In the year 1993 PNB acquired New Bank of India, which the Government of India (GOI) had nationalized in1980. PNB set up a representative office in Almaty, Kazakhstan in 1998. In the year 2003 PNB took over Nedungadi Bank, the oldest private sector bank in Kerala. Rao Bahadur, T.M.Appu Nedungadi., author of Kundalatha, one of the earliest novels in Malayalam, had established the bank in1899. It was incorporated in1913, and in 1965 had acquired selected assets and deposits of the Coimbatore National Bank. 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.
LIMITATIONS
The Main Limitations Of The Study Are As Follows:
The most important limitation is that the sample size, which is taken for the study, is very small i.e. 50 only.
Time was the biggest constraint as many times it was not possible to get the respondents interviewed.
The area of the analysis is also limited because this analysis is based on these questionnaires have been filled only by the people of north Delhi.
Sometimes the people do not provide exact information required.
Objectives of Research
The purpose of any research is to discover answers to questions through the application of scientific procedures. The main aim of the research is to find out the truth hidden and which has not been discovered as yet. Through each research study has its own specific purpose, we may think of research objectives as falling into the following broad headings or groups.
To gain familiarity with the phenomenon or to achieve new insight into it (exploratory/formulating research studies)
To portray accurately the characteristics of particular individual, situation or group.
To determine the frequency with something occurs , or wit which it is associated with something else. It is generally known as diagnostic research study.
To test a hypothesis of casual relationship between variables and this is generally known as hypothesis testing research study.
RESEARCH METHODOLOGY
Research Methodology is a way to systematically solve the research problem. It may be understood as a science of studying how research is done scientifically. In it we study the various steps that are generally adopted by a researcher in studying his research problem along with the logic behind them. It is necessary for the researcher to know not only the research method/techniques but also the methodology.
Thus, we talk of research methodology we not only talk of research methods but also consider the logic behind the methods we use in the context of our research study and explain why we are using a particular method or technique and why we are not using others so that research results are capable of being evaluated either by the researcher himself or others.
METHOD OF SAMPLING
SIMPLE RANDOM SAMPLING: This type sampling is also known as chance sampling or probability sampling where each and every item in the population has an equal chance of illusion in the sample and each one of the possible samples, in case of finite universe , has the same probability of being selected. This sampling design is used in this research.
SECONDARY DATA
The secondary data, on other hands, are those which have already been collected by someone else which have been passed through the statistical process. The researcher would have to decide which sort of data she would be using for this study and accordingly she will have to select one or the other method of data collection.
Cash Management Services
Punjab National Bank had taken a major initiative for managing the funds of Corporate. The services are essentially meant for pooling your funds spread across the country at a place of your choice with the least time delay, if not instantaneously in many cases. We shall collect your receivables from your representative or your business associates at 123 designated centers all over the country and pool the same at the branch specified by you. The services can be custom designed to cater to your specific needs.
SSI Schemes
The spirit of Enterprise knows no boundaries, irrespective of the scale of operations. Realizing the significance that, SSI Sector contributes 40% of the gross turnover in Manufacturing Sector, gives employment to 283 lakh persons, produces 7500 products and contributes more than 35% of the country's exports, PNB has formulated a number of measures to provide a impetus for the growth of the SSI Sector.
COMPANY’S PROFILE
PROFILE
With its presence virtually in all the important centers of the country, Punjab National Bank offers a wide variety of banking services which include corporate and personal banking, industrial finance, agricultural finance, financing of trade and international banking.
Punjab National Bank is serving over 3.5 crore customers through 4062 branches and 447 extension counters - largest amongst Nationalized Banks. The Bank was recently ranked 21st amongst top 500 companies by the leading financial daily, Economic Times. PNB's attempts at providing best customer service has earned it 9th place among India’s Most Trusted top 50 service brands in Economic Times- A.C Nielson Survey. PNB is also ranked 368 amongst the top 1000 banks in the world according to "The Banker" London.
At the same time, the bank has been conscious of its social responsibilities by financing agriculture and allied activities and small scale industries (SSI). Bank has established 31 specialized branches to finance small scale industries.
Strong correspondent banking relationship which Punjab National Bank maintains with over 200 leading international banks all over the world enhances its capabilities to handle transactions world-wide. Besides, bank has Rupee Drawing Arrangements with 15 exchange companies in the Gulf and one in Singapore. Bank is a member of the SWIFT. The bank offers efficient forex dealing operations in India.
All the Branches of the Bank have been computerized. The Bank has also launched aggressively the concept of "Any Time, Any Where Banking" through the introduction of Centralized Banking Solution (CBS) and over 2000 offices have already been brought under its ambit.