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Tuesday, September 18, 2012

PNB steps up presence in Kerala

The Punjab National Bank has taken steps to increase its presence in Kerala. The number of outlets will touch 310 by the end of October from the present 290 in the State.

The bank, with 141 branches and 149 ATMs has also plans to open more ATMs.

K.V. Rajesh, deputy general manager and circle head, said the business in Kerala has crossed Rs 7,500 crore by June and the bank is aiming to achieve a business of Rs 10,000 crore from the State by the end of this fiscal.

New branches

The new branches are located at Maradu and Piravom in Ernakulam district, Aroor (Alappuzha), Kothanelloor, Vaikom and Earattupetta (Kottayam), Varkala and Karunagappally (Kollam), Vizhinjam and Attingal (Thiruvananthapuram) and Wadakkanchery in Thrissur district. These branches will be equipped with ATM facility also.

He said that PNB has been identified as the lead bank in Kerala for installation of cash dispensers (ATM machines) by the Finance Ministry. In addition to Kerala, the bank will also lead installation of cash dispensers in Haryana, Chandigarh, Himachal Pradesh, Delhi, Uttarakhand and Lakshadweep.

In Kerala, the bank is all set to establish e-lobbies in 10 branches immediately. This will facilitate customers for self service pass book printing terminal using hologram, cash deposit machine, cheque deposit machine and cash dispensers.

PNB remit card

The bank is also set to launch PNB remit pre-paid card under tie-up with UAE Exchange. It is a non-personalised co-branded card with Xpress Money applicable on pan-India basis.

Beneficiaries receiving inward remittance under Money Transfer Service Scheme from abroad through UAE Exchange are eligible.

The remit card will be activated by the PNB branch immediately after getting information of the beneficiary of the card from the office of UAE Exchange on a daily basis. Loading and reloading of the card based on remittance received will be done by UAE Exchange office through Internet Banking Service.


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