Wednesday, July 11, 2007

The only ‘National’ bank that India has...

They say that Punjab National Bank (PNB) ‘is a name that you can bank upon.’ And why not? If a bank is rated amongst the 300 global mid-cap companies by Standard and Poor’s, nothing can be more apt. And all of it combines to put PNB, the public sector behemoth on the sixth place in the top 15. The bank’s leverage of technology at one end, while at the other end focus on fundamentals, has been instrumental in keeping this juggernaut rolling. As S.C. Gupta, CMD of PNB revealed to 4Ps B&M, “With rapid acceleration in adoption of technology (for instance 100% computerisation of branches and CBS), the bank has been able to establish early leads against competition. At the same time, the bank has shown consistent improvements in financial performance and strengthened its fundamentals.”
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Source : IIPM Editorial, 2006

An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative

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