New Delhi: Punjab National Bank (PNB) has said that it will soon be setting up a representative office in London. The London office is expected to become functional before of the end of this month.
The bank also plans to open two more representative offices in Shanghai and Dubai, which are expected to become operational during the current financial year.
PNB already has a representative office at Almaty, Kazakhstan. The long-term plan of the bank is to convert such offices into full-fledged branches or subsidiaries.
PNB also has a joint venture with Everest Bank Ltd, Nepal.