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Punjab Provincial Cooperative Bank

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.

History

PPCBL was established during the British rule and played a major role in providing agricultural credit after 1947 partition with separation of its Indian counterpart Punjab State Cooperative Bank. However, over time, the bank faced financial challenges and bureaucratic problems.

Sports involvement

PPCBL has a cricket team. In May 2023, the PPCBL cricket team defeated Lahore Gymkhana in a friendly match.

Legal issues

In May 2018, a notable scandal involving misappropriation of funds emerged, leading to legal action.

In July 2023 the bank, along with other banks, received fines for violations of the rules.

References