PNB Net Worth, one of the oldest and biggest public sector banks in India, is worth a considerable amount of money. In terms of assets, PNB is worth around Rs 2.5 lakh crore as of March 2019. This makes it one of the largest banks in the country.PNB was founded in 1818 as the first Indian bank. It has since grown to become one of the largest banks in the country, with a presence in over 22 states and over 1,000 branches. In terms of loans and advances, PNB is one of the largest lenders in the country. In terms of deposits, PNB is also one of the largest banks in the country, with over Rs 9 lakh crore in assets as of March 2019.Overall, PNB is one of the largest public sector banks in India, and it is worth a considerable amount of money.
1) PNB Net Worth – How Much Is The Bank Worth?
The Punjab National Bank (PNB) is an Indian multinational banking and financial services company headquartered in New Delhi, India. It is one of the oldest and largest banks in India, with over 80 million customers. The bank has a market capitalization of ₹1.36 trillion (US$19 billion) as of March 2018.
The bank has a strong presence in rural and semi-urban areas of India with over 5,000 branches and 10,000 ATMs. The Punjab National Bank is one of the “big four” banks of India, along with State Bank of India, ICICI Bank and HDFC Bank.
The bank was founded in 1894 bySir Sunder Singh Majithia, a philanthropist and a social reformer. The bank’s first branch was opened in Lahore, Pakistan. The bank has since grown to become one of the largest banks in India, with over 80 million customers and a network of over 5,000 branches and 10,000 ATMs.
2) PNB’s History and Beginnings
The history of PNB Net Worth dates back to the early days of the Republic of India. The bank was nationalized in 1969, and since then, it has been one of the leading banks in the country. PNBs has a network of over 11,000 branches and more than 5,000 ATMs across the country. The bank also has a strong international presence with branches in Hong Kong, Dubai, and Abu Dhabi.
PNBs was founded in Lahore in 1895 as the Anglo-Indian Bank. The bank was established with the objective of financing trade between India and England. The bank was later renamed as the Punjab National Bank. The bank opened its first branch in Lahore in 1895 and its first branch in Delhi in 1902.
In the wake of the First World War, the bank expanded rapidly and by 1918, it had a network of over 200 branches. The bank played a significant role in the independence of India as it provided financial assistance to the Indian National Congress during the freedom struggle.
After independence, the bank continued to grow at a rapid pace and by the end of the 20th century, it had a network of over 2,000 branches. The 21st century has seen the bank expand its operations further with the launch of new products and services. PNBs is now one of the leading banks in the country with a strong presence in both the retail and corporate banking sectors.
3) PNB’s Financial Performance in Recent Years
It’s no secret that Punjab National Bank (PNB) has been going through a tough time in recent years. The state-owned bank has been hit hard by a series of scandals, and its financial performance has suffered as a result.
PNB’s net profit fell by a massive 72% in the financial year ended March 2019, compared to the previous year. This was largely due to the provisions the bank had to make for bad loans.
The bank’s non-performing assets (NPAs) rose sharply, from Rs. 55,370 crore in March 2018 to Rs. 76,616 crore in March 2019. This is a worrying trend, as it indicates that the bank is struggling to recover loans that have gone bad.
4) PNB Net Worth
It’s no secret that Punjab National Bank (PNB) is one of the largest banks in India. But how much is the bank actually worth?
According to a recent estimate, the answer is a staggering Rs 3.6 lakh crore (approximately $50 billion).
This makes PNB the fourth most valuable bank in India, behind only State Bank of India, HDFC Bank, and ICICI Bank.
Interestingly, this estimate of PNB’s net worth is actually higher than the bank’s own estimate of Rs 2.8 lakh crore ($38 billion).
So, how did the estimate come about?
The Rs 3.6 lakh crore figure is based on the value of PNB’s shares on the stock market.
As of March 2018, PNB had a market capitalisation of Rs 2.4 lakh crore ($33 billion).
However, this doesn’t take into account the value of PNB’s other assets, such as its real estate portfolio.
When these are taken into account, the total value of the bank jumps to Rs 3.6 lakh crore.
This makes PNB Net Worth the fourth most valuable bank in India, behind only State Bank of India, HDFC Bank, and ICICI Bank.
Interestingly, this estimate of PNB’s net worth is actually higher than the bank’s own estimate of Rs 2.8 lakh crore ($38 billion).
So, how did the estimate come about?
The Rs 3.6 lakh crore figure is based on the value of PNB’s shares on the stock market.
As of March 2018, PNB had a market capitalisation of Rs 2.4 lakh crore ($33 billion).
However, this doesn’t take into account the value of PNB’s other assets, such as its real estate portfolio.
When these are taken into account, the total value of the bank jumps to Rs 3.6 lakh crore.
This puts PNB’s net worth at around $50 billion, making it one of the most valuable banks in India.
5) Why PNB Is Worth So Much
As of 2019, PNB is worth an estimated $2.2 trillion. This makes it the fourth largest bank in the world by assets. PNB has a long history dating back to 1857 when it was founded in Lahore, Pakistan. The bank has since grown to become a major player in the global banking industry.
There are a number of reasons why PNB is worth so much. Firstly, the bank has a strong presence in Asia. This is a region that is expected to experience significant economic growth in the coming years. PNB is well-positioned to take advantage of this growth.
Secondly, PNB has a diversified business model. The bank is involved in a wide range of activities including retail banking, corporate banking, investment banking, and Islamic banking. This diversification provides the bank with a significant competitive advantage.
Thirdly, PNB has a strong financial performance. The bank has consistently reported strong profits and asset growth. This has helped to drive up the value of the bank.
6) Final Thoughts on PNB’s Net Worth
As of March 2020, Punjab National Bank’s (PNB) net worth is Rs. 2,61,790 crores. This makes it the second largest bank in India by net worth. PNB has a strong domestic presence with over 5,800 branches and 10,000 ATMs spread across 764 cities. The bank also has a large international presence with over 1,400 branches and offices in 37 countries.
PNB has a diversified portfolio with a strong focus on retail and SME lending. Its loan portfolio is well- diversified across sectors and geographies. The bank has a strong deposit base with a deposit growth of 12.6% YoY in FY19. PNB’s CASA ratio stands at 45.2%, one of the highest in the industry.