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PNB sets up wholly-owned subsidiary

18 Mar 2021 Evaluate

Punjab National Bank (PNB) has set up a wholly-owned subsidiary namely PNB Cards & Services on March 16, 2021. The subsidiary will undertake the non-financial support services related to credit card business of the bank.

PNB is one of the oldest banks in India having a virtual presence in every important center of the country. The Bank caters to a wide variety of audience through spectrum of services including corporate and personal banking, industrial finance, agricultural finance and international finance.

Peers
Company Name CMP
State Bank Of India 952.80
PNB 114.30
Bank Of Baroda 234.55
Canara Bank 119.00
Union Bank Of India 173.00
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