Punjab National Bank (PNB) has plans to go global with opening of at least two overseas branches. PNB the second largest bank in India in terms of the number of branches accross the country planning to open a representative office in China and then setup two or

Othree branches in United Kingdom, Canada or Australia. PNB has 4,200 branches and extension countersThe bank has foreign currency assets of over $200 million deposits from non resident Indians and other export funds.

China is expected a huge opportunity for banking as it is the most populous nation and is in a developing stage. Punjab National Bank which is wholly owned by the Central Government, plans a public issue once domestic equity markets improve. The bank has a 5-6% share of the country's trade related foreign exchange turnover.