Punjab National Bank (International) Limited..

About Us

Punjab National Bank (International) Limited (PNBIL) was incorporated in UK on 13th April 2006 and registered with the Companies House in England & Wales under No. 5781326. PNBIL was Authorised by the Financial Services Authority (FSA) on 13th April 2007 (Baisakhi Day and exactly 112 years after PNB was incorporated) to conduct Banking Business in UK under Registration No. 459701. Complete details of the Authorisation are available at the FSA website . PNBIL is the wholly owned subsidary of Punjab National Bank(PNB), India. PNB is the third largest bank in India having more than 35 million customers and a network of 4500 branches. About 3,300 of its branches are connected on Core banking Solution and providing anywhere, anytime banking service accross the length and breadth of the country. Today PNB provides tech - enabled banking services in India. PNBIL derives technology and banking support from this great strong insitution in India.

PNBIL started banking operations in UK on 10th of May 2007 from two locations. The corporate office and City branch was established at 87, Gresham Street, London EC2V 7NQ and a branch office at 90, South Road, South Hall, Middlesex UB1 1RD, UK. The services offered by us are outlined as under :

Remittances to India with free services to over 4,500 branches of PNB in India

Current account with no minimum balance for individuals.

Business accounts for Proprietorships, Partnerships, Companies, Trusts, Societies, etc.

Easy saving account with interest upto 5.50% AER (5.37% gross)

NRI & FCNR account with PNB Branches in India in Pound Sterling, US Dollar and Euros

Enquiry facility on your accounts with PNB in India

Attractive Fixed Deposit Accounts.

PNBIL in News!

Profile of the Directors

1.
Dr. Kamalesh Chandra Chakrabarty - Indian
Presently Chairman & Managing Director of Punjab National Bank (PNB). Earlier, he was Chairman & Managing Director of Indian Bank. Dr. Chakrabarty, a Gold Medalist in M.Sc. (Statistics), did his Ph.D. in Statistics from BHU, Varanasi. He has held important positions in Bank of Baroda. He was Incharge of Bank’s corporate planning, MIS, Economic research and IT departments. He also headed resource management function at corporate office, Mumbai and Integrated treasury function and Bank’s corporate risk management function. In 2004, Dr. Chakrabarty was elevated to the post of Executive Director in Punjab National Bank and assumed charge as Chairman & Managing Director of Indian Bank on 9th June 2005. Presently, he is also director of United India Insurance Company Limited and member of Management Committee of Indian Bank Association.
Chairman (NED)

2.
Mr. Madanjit Singh, B.Sc (Math), M.Sc(OR), CAIIB - Indian
With 30 years of experience in the field of banking. Has been involved in the technological up-gradation of Punjab National Bank, India as well as setting up of Punjab National Bank (International) Limited in London.
Managing Director & Company Secretary

3.
Mr. Muddoor Sadananda Nayak, MCom, CAIIB, DBF
A qualified professional from the field of Banking, having a vast experience of 36 years in Syndicate Bank (India and UK) and ICICI Bank in UK. He is well versed with the banking environment of UK having around 10 years of experience.
Executive Director

4.
Mr. Pendarell (“PEN”) Hugh Kent, MA (Hons) - British
Bank of England: Director for Financial Structure (Executive Director 1993-1997)
Current appointments: Strategic Rail Authority: Chairman (Chair Audit Committee)
Schroder & Co Ltd: Non- Executive Director
Euroclear UK Markets Advisory Committee: Chairman
F&C Capital and Income Investment Trust: Chariman
Non-Executive Director

5.
Mr. Paresh C Mashru, BSc (Math), FCA, - British
Member of Guild of International Bankers
Extensive experience of advising senior management of a wide range of financial institutions – including banks, insurance companies and brokers, securities and commodity traders, leasing and consumer finance companies, within the UK, US, Europe, Japan and South Asia. Specific expertise covered: M&A, Structured Finance, Transaction Services, Risk Management & Control, Litigation Support/Forensic, Audit Assurance/Regulatory
Non-Executive Director

6.
Mr. Arun Kaul BSc, MBA, CAIIB-I - Indian
General Manager in Treasury and Investment with Punjab National Bank. Has an experience span of more than 25 years. Prior to this he was Managing Director with PNB Gilts Ltd and also a member of the Executive committee of the NCDEX.
Non-Executive Director

PNBIL launches Internet Banking Service. PNBIL brings state-of-the-art technology to provide excellent Banking Experience in UK. First Audited Results of PNBIL Declared

PNBIL is a UK incorporated banking subsidiary of Punjab National Bank, India (PNB). PNBIL is Authorized and Regulated by the Financial Services Authority. PNBIL is a member of the Financial Ombudsman Service (FOS) and the Financial Services Compensation Scheme (FSCS). PNBIL is authorised for accepting deposits by the Financial Services Authority (FSA).
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1.	Dr. Kamalesh Chandra Chakrabarty - Indian Presently Chairman & Managing Director of Punjab National Bank (PNB). Earlier, he was Chairman & Managing Director of Indian Bank. Dr. Chakrabarty, a Gold Medalist in M.Sc. (Statistics), did his Ph.D. in Statistics from BHU, Varanasi. He has held important positions in Bank of Baroda. He was Incharge of Bank’s corporate planning, MIS, Economic research and IT departments. He also headed resource management function at corporate office, Mumbai and Integrated treasury function and Bank’s corporate risk management function. In 2004, Dr. Chakrabarty was elevated to the post of Executive Director in Punjab National Bank and assumed charge as Chairman & Managing Director of Indian Bank on 9th June 2005. Presently, he is also director of United India Insurance Company Limited and member of Management Committee of Indian Bank Association.	Chairman (NED)
2.	Mr. Madanjit Singh, B.Sc (Math), M.Sc(OR), CAIIB - Indian With 30 years of experience in the field of banking. Has been involved in the technological up-gradation of Punjab National Bank, India as well as setting up of Punjab National Bank (International) Limited in London.	Managing Director & Company Secretary
3.	Mr. Muddoor Sadananda Nayak, MCom, CAIIB, DBF A qualified professional from the field of Banking, having a vast experience of 36 years in Syndicate Bank (India and UK) and ICICI Bank in UK. He is well versed with the banking environment of UK having around 10 years of experience.	Executive Director
4.	Mr. Pendarell (“PEN”) Hugh Kent, MA (Hons) - British Bank of England: Director for Financial Structure (Executive Director 1993-1997) Current appointments: Strategic Rail Authority: Chairman (Chair Audit Committee) Schroder & Co Ltd: Non- Executive Director Euroclear UK Markets Advisory Committee: Chairman F&C Capital and Income Investment Trust: Chariman	Non-Executive Director
5.	Mr. Paresh C Mashru, BSc (Math), FCA, - British Member of Guild of International Bankers Extensive experience of advising senior management of a wide range of financial institutions – including banks, insurance companies and brokers, securities and commodity traders, leasing and consumer finance companies, within the UK, US, Europe, Japan and South Asia. Specific expertise covered: M&A, Structured Finance, Transaction Services, Risk Management & Control, Litigation Support/Forensic, Audit Assurance/Regulatory	Non-Executive Director
6.	Mr. Arun Kaul BSc, MBA, CAIIB-I - Indian General Manager in Treasury and Investment with Punjab National Bank. Has an experience span of more than 25 years. Prior to this he was Managing Director with PNB Gilts Ltd and also a member of the Executive committee of the NCDEX.	Non-Executive Director