New Bank of India was established in 1936, in

Lahore Lahore ( ; pnb, ; ur, ) is the second most populous city in Pakistan after Karachi and 26th most populous city in the world, with a population of over 13 million. It is the capital of the province of Punjab where it is the largest city. ...

by Mulk Raj Kohli, a professor of Economics turned banker. It moved its head office to

Amritsar Amritsar (), historically also known as Rāmdāspur and colloquially as ''Ambarsar'', is the second largest city in the Indian state of Punjab, after Ludhiana. It is a major cultural, transportation and economic centre, located in the Majha r ...

in 1947, and then to New Delhi in 1956. It acquired Didwana Industrial Bank in 1965, Chawla Bank in 1969, and Sahukara Bank in 1971. Earlier New Bank of India had acquired Punjab & Kashmir Bank. *Didwana Industrial Bank had been established in 1925 in

Didwana Didwana is the city, nearby of Nagaur, Nagaur city in Nagaur district of Rajasthan, India. The lion gateway of Marwar in Rajasthan and the archway of Merta, known as Abhanagri and Upakashi, is situated on the northern side of Didwana railway sta ...

. *Chawla Bank, which had been established in 1913, had its registered office in

Bannu Bannu ( ps, بنو, translit=banū ; ur, , translit=bannū̃, ) is a city located on the Kurram River in southern Khyber Pakhtunkhwa, Pakistan. It is the capital of Bannu Division. Bannu's residents are primarily members of the Banuchi tribe ...

, North Western Frontier Province, and a branch office at

Dehra Dun Dehradun () is the capital and the most populous city of the Indian state of Uttarakhand. It is the administrative headquarters of the eponymous district and is governed by the Dehradun Municipal Corporation, with the Uttarakhand Legislativ ...

in the United Provinces. Ninety-five percent of its depositors and creditors migrated to India after Partition. *Sahukara Bank, est. 1912 in

Ludhiana Ludhiana ( ) is the most populous and the largest Cities in India, city in the Indian state of Punjab, India, Punjab. The city has an estimated population of 1,618,879 2011 Indian census, 2011 census and distributed over , making Ludhiana the ...

, had branches in Pakistan that it lost at Partition. *Lala Gokul Chand Suri founded Punjab & Kashmir Bank in 1912 in Delhi with operations in

Rawalpindi Rawalpindi ( or ; Urdu, ) is a city in the Punjab province of Pakistan. It is the fourth largest city in Pakistan after Karachi, Lahore and Faisalabad, and third largest in Punjab after Lahore and Faisalabad. Rawalpindi is next to Pakistan's ...

. The Government of India nationalized New Bank of India in 1980.

Punjab National Bank Punjab National Bank (abbreviated as PNB) is an Indian public sector bank headquartered in Delhi. The bank was founded in May 1894 and is the second largest government-owned bank in India, both in terms of its business volumes and its network ...

acquired New Bank of India in 1993. The only other nationalized bank merged with another—except for

State Bank of India State Bank of India (SBI) is an Indian multinational public sector bank and financial services statutory body headquartered in Mumbai, Maharashtra. SBI is the 49th largest bank in the world by total assets and ranked 221st in the ''Fortune ...

with its associate banks—was the merger of

Bharatiya Mahila Bank Bharatiya Mahila Bank (BMB; ) was a fully owned subsidiary of State Bank of India based in Mumbai, India. Former Indian Prime Minister Manmohan Singh inaugurated the system on 19 November 2013 on the occasion of the 96th birth anniversary of fo ...

with

in 2017.

References

{{Banking in India Defunct banks of India Companies nationalised by the Government of India Banks established in 1936 Banks disestablished in 1993 Financial services companies based in Delhi Companies based in New Delhi