Public sector lender Punjab National Bank has set up its first representative office in Sydney, Australia.

With setting up of this office, PNB becomes the fourth Indian bank to enter into Australian domain.

The office was inaugurated by Mr Namo Narain Meena, Minister of State for Finance. He said that this would enmark the growing trade relationship between the two nations.

Speaking at the launch, CMD of PNB, Mr K R Kamath said that Sydney happened to be the 10th offshore stop for the bank.