HIstory of Punjab Nation Bank

Posted by Lokesh Kumar
3
Aug 10, 2017
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Punjab National Bank, India's first Swadeshi Bank, initiated its operations on April 12, 1895 from Lahore, with an approved capital of Rs 2 lac and working capital of Rs 20,000. The far-located visionaries and nationalists like Lala Lajpat Rai, Mr. E C Jessawala, Babu Kali Prasono Roy, Lala Harkishan Lal and Sardar Dyal Singh Majithia showed valor in offering articulation to the soul of patriotism by building up the main bank simply oversaw by the Indians with Indian Capital

It survived the most basic time frame in its history — the Partlition of 1947 — when it was evacuated from its real territory of operations. It was the farsightedness of the administration that the enrolled office of the Bank was moved from Lahore to Delhi in June 1947 — even before the declaration of the Partition. 

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