2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What is the new wholly-owned subsidiary set up by Punjab National Bank to manage its credit card business?
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PNB Credit Cards Freedom Ltd
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PNB Card Elite
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PNB Cards & Services Ltd
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PNB Cards Ltd
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Explanation:
Detailed explanation-1: -## PNB Cards and Services Ltd. has been incorporated on 16.03. 2021 as wholly owned Credit Card Subsidiary of PNB.
Detailed explanation-2: -All nation-wide branches of United Bank of India and Oriental Bank of Commerce will now function as Punjab National bank (PNB) branches while all customers, including depositors, will be treated as PNB customers.
Detailed explanation-3: -In 1993, PNB acquired New Bank of India, which the GOI had nationalised in 1980.
Detailed explanation-4: -The correct answer is Punjab National Bank. Punjab National Bank (PNB) has launched the ‘6S Campaign’ under customer outreach program to extend financial services at a concessional rate.
There is 1 question to complete.