Punjab National Bank

 

• The lender announced the incorporation of PNB Cards & Services Ltd, a wholly owned unit to carry out the bank’s credit card related, non-financial support services, PNB said in a regulatory filing. The company’s authorised capital is ₹25 crore, divided into 250,00,000 shares of ₹10 each and the paid up capital is ₹15 crore.
• PNB Has incorporated a new credit cards subsidiary called PNB Cards & Services Ltd. 
• The subsidiary will provide non-financial support services for PNB's credit card business.