With trade ties between India and Pakistan beginning to normalise, state-run Punjab National Bank (PNB) plans to go tracing its roots. The nationalised lender has shown interest in opening a branch in Lahore, from where it started operations about 118 years ago. PNB has approached the Reserve Bank of India (RBI) to start operations in Pakistan as the two countries discuss ways to open their respective banking sectors to each other to facilitate trade. Presence of an Indian bank in the neighbouring country would bring down transaction cost for traders..........
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