Financial Daily from THE HINDU group of publications Wednesday, Sep 08, 2004 |
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Money & Banking
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Public Sector Banks PNB opens office in Shanghai Our Bureau
New Delhi , Sept. 7 PUNJAB National Bank (PNB) has opened a representative office in Shanghai. The office was inaugurated by the Chairman and Managing Director of PNB, Mr S. S. Kohli. The Consul General of India in Shanghai, Mr Sujan R. Chinoy, was also present at the inauguration ceremony. The Shanghai Office will act as single window for providing necessary guidance to the business community in China, a PNB release has said. PNB has recently opened a full-fledged branch in Kabul that was the first branch of an Indian bank in that country. The bank already has a representative office at London and has decided to upgrade its representative office at Almaty (Kazakhstan) into banking subsidiary for providing a complete range of banking facilities.
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