Punjab National Bank to open representative office in Dubai

Punjab National Bank plans to open a representative office in Dubai, as part of its plan to expand its global footprint.

The bank has got the board of directors’ approval for opening a representative office in Dubai and the process is on for seeking regulatory clearance, PNB managing director Atul Kumar Goel said.

Hopefully, he said, the representative office should come up during the current financial year, if all regulatory approvals are in place.

As on March 31, 2024, PNB had presence in six countries by way of two subsidiaries (London-UK and Bhutan), one joint venture (Nepal), two representative offices (Myanmar and Bangladesh).