Punjab National Bank

Name Shruti Poddar Std- SY-BBI Roll No- 43

Index
Sr No Particular Page No

1.

Acknowledgement

2. 3.

Introduction Bibliography

3-5 6

Acknowledgement
Ill like to thank my proff. Himanshu for giving me this wonderful project. It was a great learning experience. The project has made me aware of my surroundings and has helped me broaden my horizon.

Shruti poddar

INTRODUCTION

43 SY-BBI

Punjab National Bank is an Indian financial services company based in New Delhi, India. PNB is the third largest bank in India by assets. It was founded in 1894 and is currently the second largest state-owned commercial bank in India ahead of Bank of Baroda with about 5000 branches across 764 cities. It serves over 37 million customers. The bank has been ranked 248th biggest bank in the world by the Bankers Almanac, London. The bank's total assets for financial year 2007 were about US$60 billion. PNB has a banking subsidiary in the UK, as well as branches in Hong Kong, Dubai and Kabul, and representative offices in Almaty, Dubai, Oslo, and Shanghai. Board of directors Name K R Kamath Usha Ananthasubramanian B B Chaudhry Mohinder Paul Singh M N Gopinath Sunil Gupta N S Viswanathan Name Rakesh Sethi Anurag Jain Mushtaq A Antulay Pradeep Kumar D K Singla Sadhu Ram Bansal Designation Chairman & Managing Director Executive Director Director Director Director Director Director Designation Executive Director Director Director Director Director Executive Director

Auditors Punjab National Bank has informed that the Bank has appointed with the approval of Reserve Bank of India M/s. Borkar & Mazumdar, Mumbai and M/s. G. S. Madhava Rao & Co., Hyderabad as Statutory Central Auditors of the Bank for the year 2011-12 in place of M/s. Kalani & Co. and M/s. Anjaneyulu & Co. on completion of their tenure. Further, the following existing Statutory Central Auditors have been re-appointed for the year 2011-12 : (1) M/s. V. K. Verma & Co., New Delhi; (2) M/s. Mookherjee Biswas & Pathak, Kolkata; (3) M/s. Amit Ray & Co., Allahabad; (4) M/s. Sarda & Pareek, Mumbai.

Capital structure Capital structure of past 2 years From Year 2011 2010 To Year 2012 2011 Class Of Share Equity Share Equity Share Authorized Capital 3,000.00 3,000.00 Issued Capital 339.18 316.81 Paid Up Shares (Nos) 339178683 316812157 Paid Up Face Value 10 10 Paid Up Capital 339.18 316.81

Share Holding Pattern

0% 2% 3% 4%

Shareholding Pattern
0% 0% 0% Promoters FinancialInstitutions ForeignInstitutions

17%

GeneralPublic NBanksMutualFunds 56% OtherCompanies Others CentralGovt ForeignNRI ForeignOcb

18%

Face value RS 10 Current Market Price BSC- 880.55 (11TH JAN 3.35p.m) NSC- 880.75

AGM/EGM Summary The last AGM of Punjab National Bank was held on June 26, 2012. The book closure was from June 16, 2012 to June 26, 2012. 1- Declared a divident of Rs. 22.00 per share (220%) divident 2- To issue of upto 1,2802757 equity shares of face value rs.10/- each. 3- Appointment of Statutory Central Auditors for the year 2012-13. Punjab National Bank informed BSE that the Bank has appointed following six Chartered Accountant Firms as Statutory Central Auditors of the Bank for the year 2012-13. 1. M/s Phillipos & Co., Bangalore 2. M/s K.N. Gutgutia & Co., Kolkata 3. M/s CVK & Associates, Mumbai 4. M/s Ramesh Kapoor & Co., Srinagar 5. M/s Borkar & Muzumdar, Mumbai 6. M/s G.S. Madhava Rao & Co., Hyderabad 4- To receive, consider and adopt Audited Balance Sheet as at 30th September, 2012 and the Statement of Profit and Loss for the 18months period ended on that date together with Report of Board of Directors and Auditors Report thereon . 5- To appoint a Director in place of Mr. Narendra Dalal, who retires by rotation and being eligible, offers himself for re-appointment. 6- To appoint a Director in place of Mr. Ram Singh, who retires by rotation and being eligible, offers himself for re-appointment. 7- To appoint a Director in place of Mr. Pradeep Krishna Prasad, who retires by rotation and being eligible, offers himself for re-appointment. 8- To appoint Auditors of the Company to hold office from the conclusion of this meeting until the conclusion of the next Annual General Meeting and to fix their remuneration.

Bibliography
1- http://economictimes.indiatimes.com/punjab-national-bank/shareholding/companyid11585.cms 2- http://www.moneycontrol.com/india/stockpricequote/bankspublicsector/punjabnational bank/23/51/boarddirectors/marketprice/PNB05

3- http://www.moneycontrol.com/company-facts/punjabnationalbank/shareholdingpattern/PNB05#PNB05 4- http://www.moneycontrol.com/company-facts/punjabnationalbank/agmegm/PNB05#PNB05 5- http://www.electrotherm.com/upload/financial_reports/47/Annual%20Report%2020112012.pdf