The Indian city of Bhavnagar is situated in the western state of Gujarat. It is often called ?Bhavena? by the residents. The city serves as the administrative headquarters of Bhavnagar District which was established by and named after Bhavsinhji Gohil. Bhavnagar city was the former capital of the Bhavnagar princely state, which was later merged into India in 1948. The city is a gateway to the Saurashtra region of Gujarat. It has some of the holiest temples of the Jain religion. The economy of this city is primarily industrial in nature. There are a large number of medium and small-scale industries based in the city. Diamond cutting and polishing units, plastics, salt and marine chemicals, shipbuilding and ship-breaking industries are widely popular in the Bhavnagar area. Besides the industrial units, the citys economy also benefits from agriculture. Groundnut, onion, cotton, bajra, guavas and pomegranate and mango are cultivated and traded. The city is known for its version of the traditional Gujarati snack Ganthiya. There are many government-run as well as private educational institutions in this city. Moreover, Bhavnagar attracts quite a lot of religious pilgrims since it is close to the Palitana Jain Temples. Other places like Blackbuck National Park, Takhteshwar Temple, Khodiyar Mandir, Victoria Park, Nilambag Palace Hotel, etc. also attract many tourists.
PNB was found in 1894 and registered under the Company Act on 19th May with its office in Lahore before partition. Presently the head office is in New Delhi, India. The bank had over 80 million customers, 6,900 branches across India. Overseas, PNB has a banking subsidiary in the UK, Kowloon, Hong Kong, Dubai, and Kabul. It was established with the primary objective of strengthening the economic development in the country. The representative offices of PNB are in Dubai, Sydney, Almaty, Oslo, and Shanghai. The bank started its operations on 12th April 1895. The founding members of PNB consist of many leaders from the Swadeshi movement. Mr.Lala Lajpat Rai was actively involved with the management of bank in its initial years of formation. The PNB was the first national bank to began and survive with the national capital. It had the privilege of maintaining accounts of prominent leaders such as Lal Bahadur Shastri, Mahatma Gandhi, Indira Gandhi and JL Nehru. The first branch of PNB outside Lahore was started in 1900. In 1969, the government nationalized it.