Categories: Banking

PNB sets-up subsidiary to manage credit card business

Punjab National Bank (PNB) has set up a wholly-owned subsidiary namely “PNB Cards & Services Ltd” to manage its credit card business. The PNB Cards & Services Ltd has been incorporated on March 16, 2021, by the Registrar of Companies, Delhi. The new subsidiary will undertake the non-financial support services related to the credit card business of the bank. The authorised capital of the company is Rs 25 crore and the paid-up capital is Rs 15 crore.

Buy Prime Test Series for all Banking, SSC, Insurance & other exams

Important takeaways for all competitive exams:

  • Punjab National Bank Headquarters: New Delhi.
  • Punjab National Bank MD and CEO: S. S. Mallikarjuna Rao.
  • Punjab National Bank Founded: 19 May 1894, Lahore, Pakistan.

Find More Banking News Here

Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.

Recent Posts

Which Valley is known as the Valley of Gods? Check Here

India has many beautiful valleys filled with greenery, rivers, and mountains. Some of these valleys…

13 hours ago

FICCI Names Anant Swarup as Secretary General, Takes Charge from April 14, 2026

Federation of Indian Chambers of Commerce and Industry (FICCI) has appointed the Anant Swarup as…

14 hours ago

Andhra Pradesh CM Chandrababu Naidu Launches AQRF to Boost India’s Quantum Technology Ecosystem

Honorable Chief Minister of the Andhra Pradesh N. Chandrababu Naidu has launched the Amaravati Quantum…

14 hours ago

Melie Kerr Wins ICC Women’s Player of the Month for March 2026

Melie Kerr the captain of the New Zealand women team has been named the ICC…

15 hours ago

Sanju Samson Wins ICC Men’s Player of the Month for March 2026 After T20 World Cup Heroics

T20 World Cup 2026 Player of the Tournament Sanju Samson has been awarded the ICC…

15 hours ago

Which Countries Have “No Official Currency” in the World?

Money is very important in our daily lives. Every country usually has its own currency,…

15 hours ago