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| WHAT
IS AN OBU? |
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An Offshore
Banking Unit (OBU) of a bank is a deemed foreign branch of
the parent bank situated within India, and shall undertake
International Banking business involving foreign currency
denominated assets and liabilities.
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About
PUNJAB NATIONAL BANK (PNB)
Parent Bank |
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PNB is one of the premier banking institutions of
India with a glorious history of 115
years
(estd. in 1895),
and is one of the top Public Sector Banks in India, owned
predominantly by the Govt. Of India. PNB is listed on the
Bombay Stock Exchange and other major Stock Exchanges of the
country.
Since its
humble beginning in 1895 with the distinction of being the
first Indian bank to have been started with Indian capital,
PNB has achieved significant growth in business which at the
end of March 2010 amounted to $ 94 Billion (Rs. 435931 crore).
Today, with assets of more than $ 64 Billion (Rs. 2,96,633
crore), PNB is ranked at
368th amongst Top 1000 Global Banks,
the 3rd largest bank in the country and has the 2nd largest
network of branches 5002 offices (4997 in India and 5
overseas branches).
The
OBU of PNB is situated at Santacruz Electronics Export
Promotion Zone (SEEPZ), Andheri East in Mumbai (Bombay), the financial
capital of India, and is a Deemed Foreign Branch of PNB,
although located within the country.
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| HOW
DOES IT ADD VALUE FOR YOU |
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Multi
Currency Deposits
accepted. |

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Maturities
ranging from 15 days to 5 years. Deposits for 15 days upto 1
month are accepted subject to minimum deposit amount of USD
100,000/-, GBP 60,000/- and EURO 100,000/- |
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Attractive Rates of interest on Deposits. |
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Multi
Currency
Borrowing option. |
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Competitive Rates of interest on Borrowings. |
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Rates of interest linked to LIBOR of corresponding period. |
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Full
repatriablity of maturity value of deposits. |
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Investment opportunity that affords better returns at no additional risk. |
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Render service at par with international banks. |
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Loans against deposits
in foreign currency facility available at better
rates. |
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Your EEFC
(Exchange Earners Foriegn Currency) Accounts facility
available. |
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Higher
rates of interest vis-a-vis Fixed deposits
subject to minimum deposit of USD 5,000 or its equivalent. |
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General
Terms and Disclaimer |
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