GK
IMPORTANT ABBREVIATIONS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Punjab National Bank
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Punjab Nationalised Bank
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Pune National Bar Association
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National Bar association of Punjab
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Detailed explanation-1: -Punjab National Bank (PNB), India’s first Swadeshi Bank, commenced its operations on April 12, 1895 from Lahore, with an authorized capital of Rs. 2 Lakh and working capital of Rs. 20, 000. The Bank was established by the spirit of nationalism and was the first bank purely managed by Indians with Indian Capital.
Detailed explanation-2: -In 1951, the Bank took over the assets and liabilities of Bharat Bank Ltd. and became the second largest bank in the private sector.
Detailed explanation-3: -SBI vs PNB: Profitability A higher margin is considered ideal. Both the companies have shown a higher trend. However, SBI has maintained a higher margin than PNB.
Detailed explanation-4: -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.