73-1286: Punjab National Bank (abbreviated as PNB ) is an Indian government public sector bank based in New Delhi . It was founded in May 1894 and is the second-largest public sector bank in India in terms of its business volumes, with over 180 million customers, 12,248 branches, and 13,000+ ATMs . PNB 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. In Nepal , PNB owns 20% of Everest Bank , which has 122 branches. PNB also owns 41.64% of JSC (SB) PNB Bank in Kazakhstan, which has four branches. Punjab National Bank
146-449: A unitary assembly-independent presidential republic under its 2008 constitution . On 1 February 2021, Myanmar's military took over the government in a coup , causing ongoing anti-coup protests . The first known city-states emerged in central Myanmar in the second century AD. They were founded by Tibeto-Burman-speaking migrants from present-day Yunnan. The history of Myanmar as a unified entity, formerly called Burma, began with
219-614: A group they did not identify with. The division created during World War II only exacerbated the growing resentment towards the Bamar. By granting independence to Burma, the British government handed the control of all the containing ethnicities over to the Bamar. Aung San , who led the fight for independence, was able to convince the leaders of the other ethnic groups that fought alongside the Burmese to remain as one country. The formation of
292-656: 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. PNB disclosed in February 2018 that it detected fraudulent transactions of up to $ 1.77 billion. On 30 August 2019, Finance Minister Nirmala Sitharaman announced that
365-441: A socialist military government that sought to create a " Burmese Way to Socialism ". The military expropriated private businesses and followed an economic policy of autarky , or economic isolation. The Burmese Way to Socialism emphasized that the military was to have a central role in governing the country, and that the Burmese language and Buddhism were central to identity. There were sporadic protests against military rule during
438-625: A very successful manner", and many foreign countries have indicated willingness to lift or loosen sanctions on Burma and its military leaders. Myanmar general elections were held on 8 November 2015. These were the first openly contested elections held in Myanmar since 1990. The results gave the National League for Democracy an absolute majority of seats in both chambers of the national parliament, enough to ensure that its candidate would become president, while NLD leader Aung San Suu Kyi
511-516: Is constitutionally barred from the presidency. The resounding victory of Aung San Suu Kyi's National League for Democracy in 2015 general elections raised hopes for a successful political transition from a closely held military rule to a free democratic system . This transition was widely believed to be determining the future of Myanmar. According to the results announced by the Union Election Commission on 13 November 2015,
584-743: Is denoted in %, as of 30 September 2024 ): Presently there are 43 Regional Rural Banks in India Since 1 April 2020. Andhra Pradesh Arunachal Pradesh Assam Bihar Chhattisgarh Gujarat Haryana Himachal Pradesh Jammu and Kashmir Jharkhand Karnataka Kerala Madhya Pradesh Maharashtra Manipur Meghalaya Mizoram Nagaland Odisha Puducherry Punjab Rajasthan Tamil Nadu Telangana Tripura Uttar Pradesh Uttarakhand West Bengal Politics of Burma#Military socialist era Myanmar ( formerly Burma ) ( Burmese : မြန်မာ ) operates de jure as
657-692: Is rated CARE AA+ (Stable) by CareEdge Ratings . Punjab National Bank is a Public sector undertakings in India (PSU) working under the government of India regulated by the Reserve Bank of India Act, 1934 and the Banking Regulation Act, 1949. It was registered on 19 May 1894 under the Indian Companies Act, with its office in Anarkali Bazaar , in pre-independent India (present-day Pakistan ). The founding board
730-522: Is the subject of a lawsuit in French and Belgian courts for alleged complicity in human rights abuses along the gas pipeline. Before it was acquired by Chevron, Unocal settled a similar lawsuit for a reported multimillion-dollar amount. Asian businesses, such as Daewoo , continue to invest in Burma, particularly in natural resource extraction. The United States and European clothing and shoe industry became
803-503: The 2008 Constitution of Myanmar . He can also directly appoint ministers in Ministry of Defence (Myanmar) which in turn controls Myanmar Armed Forces, Ministry of Border Affairs (Myanmar) which controls border affairs of the country, Ministry of Home Affairs (Myanmar) which controls Myanmar police forces and the administration of the country and Myanmar Economic Corporation which is the largest economic corporation in Myanmar. Under
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#1732772912879876-564: The Burmese Way to Socialism . The new Burmese leaders turned Burma into a Socialist Republic with isolationism, and a Burmese superiority. The newfound Burmese nationalism put the Bamar majority at the forefront, undoing the unification initiated through the Pin-Lone agreement. Additionally, the growing disdain was enhanced through the forced coexistence between members of different religions. Bamar kingdoms were almost exclusively Buddhist in
949-631: The Commonwealth . A bicameral parliament was formed, consisting of a Chamber of Deputies and a Chamber of Nationalities . The geographical area Burma encompasses today can be traced to the Panglong Agreement, which combined Burma proper, which consisted of Lower Burma and Upper Burma , and the Frontier Areas , which had been administered separately by the British. In 1961, U Thant , Burma's Permanent Representative to
1022-521: The Government of India or State Ministry of Finance of various State Governments of India . The shares of these government-owned-banks are listed on stock exchanges. Their main objective is social welfare. The Central Government entered the banking business with the nationalization of the Imperial Bank of India in 1955. A 60% stake was taken by the Reserve Bank of India and the new bank
1095-765: The Indo-Pak war of 1965 , the government of Pakistan seized all the offices in Pakistan of Indian banks in September 1965. PNB also had one or more branches in East Pakistan (now Bangladesh ). The government of India (GOI) nationalised 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
1168-907: The Jalianwala Bagh Committee have held PNB accounts. 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 . At the Partition of India and the creation of Pakistan, 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
1241-587: The National Stock Exchange of India . It is a constituent of the Nifty 50 index at the NSE . As of 30 June 2024, the shareholding structure of the bank is as follows. As on 31 March 2019, the bank had 70,810 employees. As of 31 March 2019, it also had 1,722 employees with disabilities on the same date (2.43%). The average age of bank employees on the same date was 39 years. The bank reported
1314-462: The Oriental Bank of Commerce and United Bank of India would be merged with Punjab National Bank. The proposed merger would make Punjab National Bank the second largest public sector bank in the country with assets of ₹ 17.95 lakh crore (US$ 220 billion) and 11,437 branches. The Union Cabinet approved the merger on 4 March 2020. PNB announced that its board had approved the merger ratios
1387-571: The Pagan Kingdom in 849. In 1057, King Anawrahta founded the first unified Myanmar state at Bagan. In 1287, the Bagan kingdom collapsed following recurring Mongol invasions, leading to 250 years of political divide. In the time period between 1510 and 1752, the area was united as Burma by the Toungoo dynasty, which was the largest Southeast Asian empire in the 16th century. From 1752 to 1885,
1460-629: The State Bank of Bikaner & Jaipur , State Bank of Hyderabad , State Bank of Mysore , State Bank of Patiala and State Bank of Travancore , and Bharatiya Mahila Bank were merged with State Bank of India with effect from 1 April 2017. On 30 August 2019, Minister of Finance Nirmala Sitharaman announced the government's plan for further consolidation of public sector banks. The mergers took effect from 1 April 2020. Currently there are 12 Nationalised Banks in India (Government Shareholding power
1533-567: The Tatmadaw (Armed Forces) and the Union Solidarity and Development Association . The military government placed Aung San Suu Kyi under house arrest again on 31 May 2003, following an attack on her convoy in northern Burma by a mob reported to be in league with the military. The regime extended her house arrest for yet another year in late November 2005. Despite a direct appeal by Kofi Annan to Than Shwe and pressure from ASEAN ,
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#17327729128791606-594: The Union Election Commission on poll irregularities, voter intimidation, and purported campaign incidents that involved National League for Democracy members and supporters, while the National League for Democracy also sent an official complaint to the commission, regarding ballots that had been tampered with. However, President Thein Sein remarked that the by-elections were conducted "in
1679-507: The Wa and Shan ethnic groups, who have become internally displaced peoples in their own state since being removed from lands by the military junta in 2000. There are reportedly 600,000 of these internally displaced peoples living in Burma today. Many are trying to escape forced labour in the military or for one of the many state-sponsored drug cartels . This displacement of peoples led, and continues to lead to human rights violations as well as
1752-530: The "Burmese Freedom and Democracy Act" of 2003. Sanctions have been criticised for their adverse effects on the civilian population. However, Burmese democracy movement leader Aung San Suu Kyi has repeatedly credited sanctions for putting pressure on the ruling military regime. Human Rights Watch and Amnesty International have documented egregious human rights abuses by the military government. Civil liberties are severely restricted. Human Rights Defenders and Promoters , formed in 2002 to raise awareness among
1825-725: The 2008 Constitution the legislative power of the Union is shared among the Pyidaungsu Hluttaw , State and Region Hluttaws . The Pyidaungsu Hluttaw consists of the People's Assembly ( Pyithu Hluttaw ) elected on the basis of township as well as population, and the House of Nationalities ( Amyotha Hluttaw ) with on an equal number of representatives elected from Regions and States. The People's Assembly consists of 440 representatives, with 110 being military personnel nominated by
1898-632: 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 nationalised PNB's branch in Rangoon (now Yangon ). This became People's Bank No. 7. After
1971-554: The Burmese government extended Aung San Suu Kyi's house arrest another year on 27 May 2006. She was released in 2010. The United Nations urged the country to move towards inclusive national reconciliation, the restoration of democracy, and full respect for human rights. In December 2008, the United Nations General Assembly passed a resolution condemning the human rights situation in Burma and calling for Aung San Suu Kyi's release—80 countries voting for
2044-641: The Commander-in-Chief of the Defence Services. The House of Nationalities consists of 224 representatives with 56 being military personnel nominated by the Commander-in-Chief of the Defence Services. Burma's judicial system is limited. British-era laws and legal systems remain much intact, but there is no guarantee of a fair public trial. The judiciary is not independent of the executive branch. Burma does not accept compulsory International Court of Justice jurisdiction. The highest court in
2117-522: The Executive Council of Burma, a transitional government. But on 19 July 1947, political rivals assassinated Aung San and several cabinet members. On 4 January 1948, the nation became an independent republic , named the Union of Burma , with Sao Shwe Thaik as its first president and U Nu as its first prime minister. Unlike almost all other former British colonies, it did not become a member of
2190-467: The FY 2012–13. For the financial year 2018–2019, PNB incurred a sum of ₹ 2,954.15 lakh (US$ 3.5 million) on CSR initiatives. Among many initiatives, one such effort is PNB Ladli, which started in 2014. The scheme initiated to promote education among girls of Rural / Semi-urban areas. During the year 2018–19, PNB has also taken the initiative for donations to CM relief fund for Kerala and Kumbh Mela. For
2263-725: The NLD won 238 seats in the lower house and 348 seats in the Pyidaungsu Hluttaw, exceeding the required number to form a government and elect a president. The Tatmadaw, under the leadership of Min Aung Hlaing, seized power from the civilian government after detaining Aung San Suu Kyi and other democratically elected leaders in Naypyidaw . A military junta, officially the State Administration Council
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2336-469: The Ne Win years and these were almost always violently suppressed. On 7 July 1962, the government broke up demonstrations at Rangoon University , killing 15 students. In 1974, the military violently suppressed anti-government protests at the funeral of U Thant . Student protests in 1975, 1976 and 1977 were quickly suppressed by overwhelming force. The military government of General Ne Win was deposed following
2409-540: The Toungoo administrative reforms were continued by the Konbaung dynasty . The thousand-year line of Burmese monarchy ended with the Third Anglo-Burmese War in 1885. After 1885, the country was administered as part of British India until 1937. British Burma began with its official recognition on the colonial map that marks its new borders containing over 100 ethnicities. It was named Burma after
2482-941: 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 Thimphu , Phuntsholing , and Wangdue . Local investors own
2555-581: The United Nations and former secretary to the Prime Minister, was elected Secretary-General of the United Nations ; he was the first non-Westerner to head any international organisation and would serve as UN Secretary-General for ten years. Among the Burmese to work at the UN when he was Secretary-General was a young Aung San Suu Kyi . In 1962, General Ne Win led a coup d'état and established
2628-505: The WhatsApp banking service. Other informative services that would be provided to both account and non-account holders include online account opening, enquire bank deposit/loan products, digital products, NRI services, locate branch/atm, opt-in, opt-out options. The WhatsApp banking service will be available 24x7, including holidays, on both android and iOS-based mobile phones. PNB's equity shares are listed on Bombay Stock Exchange and
2701-402: The aftermath of World War II when Burma was granted its independence from Great Britain in 1948. Prior to the end of their colonization, the British government had created a novel map of the country with new borders that included some previously sovereign ethnicities. Many groups of racially and culturally diverse people suddenly found themselves as part of a country that was named after the Bamar,
2774-536: 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 nationalised 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
2847-458: The business of ₹ 11.65 crore (US$ 1.4 million) per employee and net profit of ₹ 8.06 lakh (US$ 9,700) per employee during the FY 2012–13. The company incurred ₹ 5,751 crore (US$ 690 million) towards employee benefit expenses during the same financial year. The bank incurred ₹ 3.24 crore (US$ 390,000) on corporate social responsibility activities like medical camps, farmer training, tree plantations, blood donation camps etc. during
2920-594: The dominant ethnic group Bamar , who make up 68 percent of the population. During World War II , a coalition of mostly members of the Bamar ethnic group volunteered to fight alongside the Japanese in hope of overthrowing the occupying British forces. Meanwhile, many other ethnic groups supported the Allied forces against the Bamar-backed Japanese forces. This conflict would come to be very significant in
2993-680: The exploitation of minority ethnic groups at the hands of the dominant Bamar group. The primary actors in these ethnic struggles include, but are not limited to, the military, the Karen National Union , Kachin Independence army , United League of Arakan , Restoration Council of Shan State , and the Mong Tai Army . The military gave up some of its power in 2011, leading to the creation of a semi-democratic system, although problems remained, including outsized influence by
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3066-648: The land is the Supreme Court . The Chief Justice of the Supreme Court is Htun Htun Oo , and the Attorney General is also named Thida Oo . Wareru dhammathat or the Manu dhammathat ( မနုဓမ္မသတ် ) was the earliest law-book in Burma. It consists of laws ascribed to the ancient Indian sage, Manu , and brought to Burma by Hindu colonists. The collection was made at Wareru ’s command, by monks from
3139-421: The late 1950s, and continuing through at least 2024, Myanmar's military has played a major role in shaping or directing the country's politics. Democracy was suspended in the country following a coup in 1962. The uncertainty and chaos paved the way for a Burmese nationalist government to take over. From 1962 to 1988, the country was ruled by the Burma Socialist Programme Party as a one-party state guided by
3212-477: The main opposition party National League for Democracy , which was only re-registered for the by-elections on 13 December 2011 won in 43 of the 44 seats they contested (out of 46). Significantly, international observers were invited to monitor the elections, although the government was criticised for placing too many restrictions on election monitors, some of whom were denied visas. The Union Solidarity and Development Party said it would lodge official complaints to
3285-481: The massive 8888 Uprising in 1988 when thousands died, but immediately replaced by another military junta. The former head of state was Senior General Than Shwe who held the title of "Chairman of the State Peace and Development Council". His appointed prime minister was Khin Nyunt until 19 October 2004, when he was forcibly deposed in favour of Gen. Soe Win . Almost all cabinet offices are held by military officers. US and European government sanctions against
3358-437: The materials citizens can access on-line, including free email services, free web hosting and most political opposition and pro-democracy pages. In 2001, the government permitted NLD office branches to re-open throughout Burma. However, they were shut down or heavily restricted beginning 2004, as part of a government campaign to prohibit such activities. In 2006, many members resigned from NLD, citing harassment and pressure from
3431-477: The military government, combined with consumer boycotts and shareholder pressure organised by Free Burma activists, have succeeded in forcing most western corporations to withdraw from Burma. However, some western oil companies remain due to loopholes in the sanctions. For example, the French oil company TotalEnergies and the American oil company Chevron continue to operate the Yadana natural gas pipeline from Burma to Thailand. TotalEnergies (formerly TotalFinaElf)
3504-460: The military under the 2008 constitution, as well as economic and ethnic issues. In 2015 the military began taking steps to make peace with various ethnic armed groups calling a Nationwide Ceasefire Agreement which was signed by many such groups. On 31 January 2021, it was reported by multiple media and news outlets that the military had staged a coup and members of the governing party, National League for Democracy, had been arrested and detained by
3577-421: The military. Spokesman for the NLD, Myo Nyunt said "[t]he military seems to take control of the capital now." These conflicts arose after the NLD had claimed victory after a successful election in November 2020. While the military contested the results of the election claiming fraudulent without any proof or investigation. This situation was followed by the military performing coup d'état on 1 February 2021, taking
3650-457: The mix. The strenuous conversion campaigns by the Catholic Christians and their competition with the Methodist colonialists additionally divided minority groups such as the Karen and Kachin within themselves. The colonial departure unleashed the animosity that has been building towards one other. The death of Aung San , and the following leaderships ensured the lasting conflicts between every cultural and religious group. The 1988 Uprising cemented
3723-539: The new Burmese constitution in 1948 was cemented by the Pin-Lone agreement , which was signed by every ethnic leader in support of the newfound union. Aung San's unprecedented assassination prior to the absolute fulfillment of the Pin-Lone agreement undid the unification he led. His death marked the short lived period of peace within the new nation, unleashing a power vacuum that has not been filled properly since. A period of instability with leaders that failed to represent every ethnicity's best interest followed. Beginning in
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#17327729128793796-592: The next day. Shareholders of Oriental Bank of Commerce and United Bank will receive 1,150 shares and 121 shares of PNB, respectively, for every 1,000 shares of they hold. On 1 April 2020, the merger came into effect. Post-merger, all customers of other two merging banks are now treated as the customers of PNB. In September 2022, Punjab National Bank launches WhatsApp banking for customers and non-customers. At present, it said, PNB would be offering non-financial services such as balance inquiry, last five transactions, stop cheque, request cheque book to its account holders through
3869-425: The past. Most ethnic groups within the Shan, Kayin, Kayar, and Chin state practiced their own versions of Animism, while people of the Islamic faith lived alongside the Buddhists in the Arakan (now Rakhine) state. The annexation of all the diverse groups into the British India deepened the religious polarization. The movement of people across the border caused by the colonization added a large group of Hindu followers to
3942-455: The people of Burma about their human rights, claims that on 18 April 2007, several of its members were met by approximately a hundred people led by a local USDA Secretary U Nyunt Oo and beaten up. The HRDP believes that this attack was condoned by the authorities. There is no independent judiciary in Burma and the military government suppresses political activity. The government uses software-based filtering from US company Fortinet to limit
4015-461: The presence of nationalised banks in India, with 84% of the total branches coming under government control. The share of the bank sector held by the public banks continued to grow through the 1980s, and by 1991 public sector banks accounted for 90% of the banking sector. A year later, in March, 1992, the combined total of branches held by public sector banks was 60,646 across India, and deposits accounted for ₹1,10,000 crore. The majority of these banks
4088-422: The presidential powers from the NLD government by brute force. Shortly after taking control of the government, the military began breaking the Nationwide Ceasefire Agreement by taking aggressive actions in territories controlled by its signers. On 4 January 1948, Burma achieved independence from Britain, and became a democracy based on the parliamentary system . In late 1946 Aung San became Deputy Chairman of
4161-414: The previous 1990 elections but were never allowed to take power, decided not to participate. The military-backed Union Solidarity and Development Party declared victory, winning 259 of the 330 contested seats. The United Nations and many Western countries have condemned the elections as fraudulent, although the decision to hold elections was praised by China and Russia. In by-elections held in 2012,
4234-439: The referendum: "This referendum was full of cheating and fraud across the country. In some villages, authorities and polling station officials ticked the ballots themselves and did not let the voters do anything". An election was held in 2010, with 40 parties approved to contest the elections by the Electoral Commission. some of which are linked to ethnic minorities . The National League for Democracy , which overwhelmingly won
4307-490: 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 Danabank established on 20 October 1992 in Pavlodar. Within the year PNB increased its ownership till 84% of what has become JSC (SB) PNB, with its share currently decreased to 49%. The associate in Kazakhstan now called JSC Tengri Bank has branches in Almaty , Nur-Sultan , Karaganda , Pavlodar and Shymkent. September 2011: PNB opened
4380-636: The resolution, 25 against and 45 abstentions. Other nations, such as China and Russia, have been less critical of the regime and prefer to co-operate on economic matters. Facing increasing international isolation , Burma's military government agreed to embark upon a programme of reform , including permitting multiple political parties to contest elections in 2010 and 2012 and the release of political prisoners . However, organizations such as Human Rights Watch allege continued human rights abuses in ongoing conflicts in border regions such as Kachin State and Rakhine State . Myanmar's army-drafted constitution
4453-450: The social, political, and civil unrests that have plagued the country since. The SPDC junta which took power in 1988 had been responsible for the displacement of several hundred thousand citizens, both inside and outside of Burma. The Karen , Karenni , and Mon ethnic groups have sought asylum in neighbouring Thailand , where they are also abused by an unfriendly and unsympathetic government. These groups are perhaps more fortunate than
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#17327729128794526-578: The target of Free Burma activists for buying from factories in Burma that were wholly or partly owned by the government or the military. Many stopped sourcing from Burma after protests, starting with Levi Strauss in 1992. From 1992 to 2003, Free Burma advocates successfully forced dozens of clothing and shoe companies to stop sourcing from Burma. These companies included Eddie Bauer , Liz Claiborne , Macy's , J. Crew , JoS. A. Banks , Children's Place , Burlington Coat Factory , Wal-Mart , and Target . The US government banned all imports from Burma as part of
4599-607: 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 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
4672-412: 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
4745-424: The writings of earlier Mon scholars preserved in the monasteries of his kingdom. (Wareru seized Martaban in 1281 and obtained the recognition of China as the ruler of Lower Burma and founded a kingdom which lasted until 1539. Martaban was its first capital, and remained so until 1369. It stretched southwards as far as Tenasserim.) Mon King Dhammazedi (1472–92) was the greatest of the Mon rulers of Wareru's line. He
4818-426: The year FY18-19, PNB has initiated ₹1,851.41 for RSETIs. To Help young talents in India the bank also initiated PNB Hockey Academy, one of the major efforts towards supporting the national games. Public sector banks in India Public Sector Undertakings (Banks) are a major type of government-owned banks in India, where a majority stake (i.e., more than 50%) is held by the Ministry of Finance (India) of
4891-446: Was actively associated with the management of the Bank in its early years. The board first met on 23 May 1894. The bank opened for business on 12 April 1895 in Lahore. PNB is the first Indian bank to have been started solely with Indian capital that survives to the present, as the earlier Oudh Commercial Bank , which was established in 1881, failed in 1958. Mahatma Gandhi , Jawaharlal Nehru , Lal Bahadur Shastri , Indira Gandhi and
4964-458: Was drawn from different parts of India professing different faiths and of varying backgrounds, with the common objective of creating a truly national bank that would further the economic interest of the country. PNB's founders included several leaders of the Swadeshi movement such as Dyal Singh Majithia and Lala Harkishen Lal , Lala Lalchand, Kali Prosanna Roy, E. C. Jessawala, Prabhu Dayal, Bakshi Jaishi Ram, and Lala Dholan Dass. Lala Lajpat Rai
5037-449: Was famous for his wisdom and the collection of his rulings were recorded in the Kalyani stone inscriptions and known as the Dammazedi pyatton. Burma is divided into seven regions (previously called divisions- taing ) and seven states ( pyi-nè ), classified by ethnic composition. The seven regions are Ayeyarwady Region , Bago Division , Magway Division , Mandalay Division , Sagaing Division , Tanintharyi Division and Yangon Division ;
5110-452: Was named State Bank of India . The seven other state banks became subsidiaries of the new bank in 1959 when the State Bank of India (Subsidiary Banks) Act, 1959 was passed by the Union government . The next major government intervention in banking took place on 19 July 1969 when the Indira government nationalised an additional 14 major banks. The total deposits in the banks nationalised in 1969 amounted to 50 crores. This move increased
5183-435: Was overwhelmingly approved (by 92.4% of the 22 million voters with alleged voter turnout of 99%) on 10 May 2008 in the first phase of a two-stage referendum and Cyclone Nargis . It was the first national vote since the 1990 election . Multi-party elections in 2010 would end 5 decades of military rule, as the new charter gives the military an automatic 25% of seats in parliament. NLD spokesman Nyan Win, inter alia, criticised
5256-641: Was profitable, with only one out of the 21 public sector banks reporting a loss. The nationalised banks reported a combined loss of ₹1160 crores. However, the early 2000s saw a reversal of this trend, such that in 2002-03 a profit of ₹7780 crores by the public sector banks: a trend that continued throughout the decade, with a ₹16856 crore profit in 2008–2009. The consolidation of SBI-associated banks started first by State Bank of India merging its subsidiary State Bank of Saurashtra with itself on 13 August 2008. Thereafter it merged State Bank of Indore with itself on August 27, 2010. The remaining subsidiaries, namely
5329-803: Was subsequently established. The president is the head of state and de jure head of government, and oversees the Cabinet of Myanmar . Currently the Chairman of the State Administration Council is the de facto head of government. The Commander-in-Chief of the Myanmar Defense Forces ( Tatmadaw ) has the right to appoint 25% of the members in all legislative assembly which means that legislations cannot obtain super-majority without support from Tatmadaw, thus preventing democratically elected members from amending
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