NEW DELHI, NOVEMBER 06 : Creating a great urban space in a suburban environment with all that implies about interaction, collaboration and creativity.
Mr. Arun Jaitley, Union Minister of Finance & Corporate Affairs, inaugurated newly constructed corporate office of Punjab National Bank at Sector 10 Dwarka New Delhi on Monday
Speaking on the occasion Mr. Jaitley lauded the efforts of the bank informing that Bank is well positioned to support country's economic growth and is now in a turning position to support the economic growth of India .
Whereas several Public sector banks are still incurring losses, Punjab National Bank has reported an increase in net profit in the second quarter of the current financial year 2017-18, signalling that the worst is over for this public sector bank.Mr Jaitley also launched two digital products viz. PNB E Rupaya and PNB Rupay Platinum Credit Card. He said banking is economy's lifeline and in coming days, banking will become even a bigger lifeline. He further stated that Banks in India must continue to play an important role in supporting economic growth and underlined the significance of digitalization in view of the cost of handling cash. There is subtle change in the way India and Indians now spend their money and this trend will continue further in days to come.
Mr Sunil Mehta, Managing Director and CEO of the bank, while welcoming Mr Arun Jaitley, Union Minister of Finance and Mr. Shiv Pratap Shukla MoS for Finance and Mr Rajiv Kumar, Secretary Deptt. of Financial Services, Govt. of India, informed that the bank is committed to provide still better customer service.He also welcomed the govt. initiative to recapitalize the PSBs and said that it has instilled confidence among the PSBs and that PSBs are now more poised to implement the govt. schemes and contribute to the development of economy at large.
Punjab National Bank has shifted its corporate office to Dwarka, with plot area of 19470 sq. mtr in six floors and three basement.The building has been constructed in a time bound programme by CPWD and the project has been completed within the sanctioned amount and handed over to PNB on turnkey basis.
On this occasion Mr. Sunil Mehta, Non Executive Chairman, Mr K.V. Brahmaji Rao, Dr. Ram S Sangapure and Mr Sanjiv Sharan, Executive Directors, Mr. S.K. Nagpal, Chief Vigilance Officer along with other senior officials of the bank, other noticeables and members of PNB Parivar were part of the function.