The public sector bank, Punjab National Bank, is all set to open new branches and ATMs in Kerala. The move will help the bank to expand its reach in the southern state.
The bank will open a total of 9 new branches and ATMs in various districts of Kerala. The new branches will be inaugurated by the Chairman and Managing Director of the bank, Mr. K R Kamath. This will increase its total outlets in Kerala to 309.
Reportedly, the districts where the new branches will be opened are Aroor (Alappuzha), Wadakkanchery in Thrissur, Kothanelloor, Earattupetta (Kottayam), Maradu and Piravom in Ernakulam district and Varkala and Vizhinjam and Attingal (Thiruvananthapuram).
The Deputy General Manager and circle head of PNB, Mr. K. V. Rajesh issued a statement saying that the new branches are equipped with 24x7 e-lobbies. It should be noted that PNB is planning to launch about 500 self service counters in its branches in this fiscal.
Mr. Kamath will also introduce the bank's co-branded remittance card, called PNB Remit Card. The card is being launched in a tie up with UAE Exchange and Financial Services Ltd.