By Neena Bhandari
Sydney, 17.09.2011 (IANS): Punjab National Bank (PNB), the second largest government-owned bank in India, opened a representative office in the heart of the central business district here on Thursday, becoming the fourth Indian bank to establish a presence in Australia.
“We are hoping to get regulatory approval from authorities in both countries to upgrade this representative office into a full-fledged branch within a year,” said chairman and managing director K R Kamath.