Punjab Provincial Cooperative Bank
(Redirected from Punjab Provincial Cooperative Bank Limited)
The Punjab Provincial Cooperative Bank Limited (PPCBL), established in 1924, is one of the oldest banks in Pakistan. It has historically served as a specialized bank catering to the needs of housing and agricultural cooperatives.[1]
| Company type | Public |
|---|---|
| Industry | Banking, Financial services |
| Founded | 1924 |
| Headquarters | , Pakistan |
Area served | Punjab, Pakistan |
| Products | Agricultural loans, Housing loans, Banking services |
| Services | Financial services, Cooperative banking |
| Website | www |
History
editPPCBL was established during the British rule and played a major role in providing agricultural credit after partition. However, over time, the bank faced financial challenges and bureaucratic problems.[1]
Sports involvement
editPPCBL has a cricket team. In May 2023, the PPCBL cricket team defeated Lahore Gymkhana in a friendly match.[2]
Legal issues
editIn May 2018, a notable scandal involving misappropriation of funds emerged, leading to legal action.[3]
In July 2023 the bank, along with other banks, received fines for violations of the rules.[4]
References
edit- ^ a b Farooq, Mariam Umar (September 3, 2023). "How one of Pakistan's oldest banks cleaned up its act". Profit by Pakistan Today.
- ^ "PPCBL beat Lahore Gymkhana in friendly match". The Nation. May 30, 2023.
- ^ "Remand of ex-chairman extended". The Express Tribune. May 24, 2018.
- ^ "Jul 28, 2023 | Six banks get slap on the wrist for rule violations". Dawn Epaper. July 28, 2023.