Punjab National Bank , Inspection & Audit Division, Rajendra Bhawan, Rajendra Place, New Delhi – 110 008
REQUEST FOR PROPOSAL FOR Appointment Of External Auditor For Conducting Audit Of Risk Management Systems
Punjab National Bank has a long and glorious history. Over the years, the bank has maintained a consistent business performance. As per the latest figures (31st December), The Bank’s total business crossed over Rs 6,19,000 crore and the CAR of 11.48% as per Basel II norms. The net NPA ratio was 1.11% and Cost to Income Ratio stood at 41.08%. The Bank has been growing its reach – has a branch network of above 5400 branches and 5793 ATMs with around 29% business being done through alternate delivery channels. The bank has won several awards in various fields ranging from excellence in services, productivity, best use of technology etc. Bank has established overseas footprints in 10 countries, via 4 overseas branches & an offshore banking unit in SEEPZ Mumbai, 3 subsidiaries, 1 joint venture and 5 Rep offices.
Some of the recent achievements of the Bank are as under:
> Most Socially Responsive Bank Award 2011 by Business world-PricewaterhouseCoopers (PwC).
> India Prides Award in Corporate Social Responsibility (CSR) for the year 2011 by Dainik Bhaskar with Daily News Analysis.
> Golden Peacock National Training Award 2011 by Institute of Directors.
> SKOCH Financial Inclusion Award 2012 under “Access to banking and Financial Services” category.
> PNB has been conferred with the Best Bank Award 2011 amongst all the Banks in India by Business India.
> MSME National Awards: One award for excellent performance in lending under PMEGP scheme in North Zone and the other award at National level for excellence in lending under Interest Subsidy Eligibility Certificate (ISEC) Scheme of KVIC
> ‘Most Productive Public Sector Bank’ Award 2011, instituted by Federation of Indian Chambers of Commerce and Industry (FICCI) and Indian Banks’ Association (IBA).
> PNB’s Overseas Branch, IDFC, Dubai has received ‘Business Super Achiever Award’ under individual category from Asian Leadership Awards in addition to the Asia’s Most Preferred Branch (Banking & Finance) Award.
> Received “Technology Adoption’ Award in Public Sector Bank Category instituted by Dun & Bradstreet and Polaris software.