Officially known as the NCT or the National Capital Territory, Delhi is a union territory and also the capital city and of India. Hence, it is the center of the National Capital Region (NCR). Although it is a union territory, the administration of Delhi closely resembles that of any Indian state as it has its own high court, legislature and an executive council headed by a Chief Minister. Delhi gives a tough competition to Mumbai in terms of population and wealth. It is the second wealthiest city in India, closely following Mumbai. It is also a tourism hub for its famous ancient historical relics. Heritage sites like the Qutub Minar, Humayun?s Tomb, Jama Masjid are hotspots for active tourism. Moreover, Delhi connects travelers to exciting destinations in the northern Himalayan Mountains. The city experiences a sub-tropical semi-arid climate ? the summer and winter months starkly contrast each other and are marked by temperatures at extreme ends. The city has an excellent infrastructure in terms of transport and connectivity. However, the pollution levels in the city have reached alarming levels of late. The people of Delhi, commonly known as ?Delhiites,? lovingly call their city ?Dilli? according to the Hindi pronunciation. Home to people from different parts of India, Delhi is indeed a melting pot of various cultures.
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.