Centurion Bank Of Punjab
January 21, 2026 - 9:41 am
BANK OF PUNJAB
The Bank of Punjab made its debut in 1989 following The Bank of Punjab Act 1989. It became a scheduled bank from 1994. Since then it is in operation as a scheduled commercial banks having a network of 271 branches in the all the important trading centres of India.
It deals with all kinds of banking – deposits in INR, in foreign currencies, remittances as well as loans to business bodies, trading groups and the agricultural sector.
Under able guidance the Bank of Punjab has entered a new chapter in its history by tapping the hitherto hidden resources of the local economy. This has been done by encouraging savings and providing funds for profitable investments. There are attractive incentives for opening accounts and drawing in foreign accounts. The lending policy although cautious is positive.
The main pillar of the Bank of Punjab is its focus on agriculture – this being the backbone of the country’s economy. It has introduced the Kissan Dost Agriculture Finance Scheme to small farmers.
The main spotlight of the Bank of Punjab is on the customer and excellent service. The customer is given top priority. Next in line comes profitability to see to the interests of the stakeholders. The Bank goes all out to keep rolling and improving the wheels of successful investment. It is not just profits and figures but at the core of the endeavours is the importance given to the community. The activities of the Bank are geared to the welfare of the society. Bank of Punjab takes it on as a corporate social responsibility. The employees are like family members and they are encouraged with recognition as well as reward. Excellence and integrity are the key words to the activities of the bank. The bank respects its customers.
The Bank of Punjab has in its record books innumerable rewards for achievements. The Central Board of Revenue awarded the ‘Excellence Award’ for the bank’s contribution to wards the exchequer of the Government. Under the 15thBolan Excellence Awards the bank was marked as the Best Bank. For the performance of the Bank of Punjab in the agricultural zone the 3rd Kissan Awards 2006 recognized it as ‘Top Bank for Agricultural Loans ‘and’ Best Bank Crop Insurance. In 2005 it ranked 5th as the ‘Best Corporate Reward Award’ in the financial sector. The joint judges were The Institute of Chartered Accountant Pakistan’ and ‘Institute of Cost and Management Account Pakistan’. The Lahore Chamber of Commerce and Industry honoured Bank of Punjab with the LCCI award.
In July 2005 the approval was given to the Centurion Bank and Bank of Punjab to merge – the ratio being 4:9. This means that for 4 shares of Bank of Punjab the shareholder would get 9 shares of the Centurion Bank. The combined entity would henceforth be known as The Centurion Bank of Punjab. The merger was activated due to considerations of common goal and area of operation. The formal merger took place after the nod being given by the shareholders and the approval of the RBI.
Tags: Bank India Private