Question

What was one of the new schemes launched by Punjab National Bank as mentioned in the text?

• A. Digital Currency Exchange program
• B. Maha Bachat Scheme (Fixed Deposits)
• C. International Investment Fund
• D. Gold Loan Discount Offer

Answer 1

Answer:

B. Maha Bachat Scheme (Fixed Deposits)

Punjab National Bank

• First Indian bank to start with fully Indian capital.

• Founder- Lala Lajpat Rai

• Year of Establishment – ​​1895

• Headquarters- New Delhi

• 2nd largest PSU in India

• The first bank in India to implement self-separation scheme.

• Punjab National Bank launched a new scheme for fixed deposits- Maha Bachat Scheme

• Punjab National Bank launched 'Micro Finance Branch- New Delhi