Discussion
What is the full form of "PNB"?
Answer: B
Correct answer: Punjab National Bank
Punjab National Bank was founded in 1894 at Lahore and was the first Indian bank started wholly with Indian capital, its founders including Lala Lajpat Rai.
It was nationalised in the first round of July 1969 and is today one of the largest public sector banks, having absorbed Oriental Bank of Commerce and United Bank of India in the 2020 amalgamation. Note the wording: it is Punjab National Bank, not "Punjab Nationalised Bank" - the name predates nationalisation by seventy-five years.
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