What event significantly impacted the ownership of Punjab National Bank (PNB) in 1953?

Nationalization by the Indian government Acquisition by Dalmias and Jains Merger with Bharat Bank Ltd. Establishment of branches in Burma

What prompted Lala Yodh Raj to shift PNB's head office from Lahore to Delhi?

Expansion into new territories Anticipation of the partition of India and Pakistan Nationalization of major banks To avoid acquisition by private businesses

Which of the following events occurred in 1969 that altered the landscape of banking in India?

PNB's acquisition of Universal Bank of India The government of Burma nationalized PNB's branch in Rangoon The Indo-Pak war led to the seizure of PNB's offices in Pakistan Nationalization of PNB and thirteen other major banks by the Indian government

What significant event led to the transfer of PNB's London branch to the State Bank of India?

The branch's involvement in a fraud scandal Nationalization of major banks in India PNB's acquisition of Hindustan Commercial Bank Limited Establishment of a representative office in Almaty, Kazakhstan

What distinguished PNB as India's first truly national and swadeshi bank?

Its establishment by Indian leaders and capital Its acquisition of various smaller banks Its expansion across India and Burma Its role in supporting the Swadeshi movement