Punjab National Bank ( PNB), a leading public sector lender, has announced that it has entered into a memorandum of understanding (MoU) with Networth Stock Broking (NSBL) and SMC.

According to the sources, under the terms of an agreement, the bank’s customers will be provided with online trading facility.

Established in 1895 in Lahore, Punjab National Bank is country’s second major PSU bank.

The source further revealed that PNB not only maintains a dominant status in North India, but it also participates in a wide variety of services, which include corporate and personal banking, industrial finance, agricultural finance, financing of trade and overseas banking. 

The bank recently crowned to be amidst major gainers on the Nifty.

Stock of Punjab National Bank ended the day ( Friday ) at Rs 523, up 1.3 per cent on National Stock Exchange. The total volume of shares traded was 1,024,024 at the NSE.