Punjab has a rich history of banking and finance, dating back to the colonial era. The first bank to open a branch in Punjab was the Punjab National Bank, which was established in Lahore in 1895. Over the years, several other banks and financial institutions have established a presence in the state, contributing to its economic growth and development.
One of the key players in the banking and finance sector in Punjab is the State Bank of India (SBI). SBI has a strong presence in the state, with several branches and ATMs located in various parts of the state. Other nationalized banks, such as Punjab and Sind Bank, Bank of Baroda, and Bank of India, also have a significant presence in Punjab.
In addition to nationalized banks, there are several private banks and financial institutions operating in Punjab, including HDFC Bank, ICICI Bank, and Axis Bank. These institutions have played an important role in promoting financial inclusion and providing access to credit and other financial services to individuals and businesses in the state.
The government of Punjab has also taken steps to promote the growth of the financial sector in the state. It has established the Punjab Infrastructure Development Board to attract private investment in infrastructure projects, and has set up a number of special economic zones to promote industrial development in the state.
The history of banking and finance in Punjab is a story of growth and development. From its early days as a colonial trading hub to its present status as a key center for finance and industry, Punjab has been an important player in the Indian economy, with banks and financial institutions playing a crucial role in its economic growth and development.
List of Banks & Financial Institutions in the state of Punjab like public sector and private sector banks with their contact info, website details and profile.