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Punjab and Sind Bank

#3846

Rank

$2.47B

Marketcap

IN India

Country

Punjab and Sind Bank
Leadership team

Mr. Raghavendra Kollegal Venkatasheshan (Exec. Director)

Dr. Ramjass Yadav (Exec. Director)

Mr. Swarup Kumar Saha (CEO, MD & Director)

Products/ Services
Banking, Financial Services, Wealth Management
Number of Employees
1,000 - 20,000
Headquarters
New Delhi, Delhi, India
Established
1908
Net Income
100M - 500M
Revenue
100M - 500M
Traded as
PSB.NS
Social Media
URL
https://punjabandsindbank.co.in
Overview
Location

Summary
History
Mission
Vision
Key Team
Recognition and Award
References
Summary
Punjab & Sind Bank provides various banking and financial products and services in India. It operates through four segments: Treasury Operations, Corporate/Wholesale Banking, Retail Banking, and Other Banking Operations. The company offers deposit products, including saving accounts, current accounts, recurring deposit accounts, and fixed deposits; and loans, such as home, auto, skill education, commercial vehicle, personal, doctor, mortgage, business, gold, and other loans, as well as sukhmoney scheme for senior citizens, and SB OD schemes. It also provides non fund based products, including letter of credit, LC advising/confirming, bank guarantee, co-acceptance facility, solvency certificate, and credit report products and services, as well as debt restructuring services. In addition, the company offers locker facility, government schemes, and life and general insurance; digital banking services comprising internet and mobile banking, SMS banking, Aadhaar seeding, point of sale, unified payment interface, real time gross settlement, NEFT, ATM/debit cards, and online payment; international banking services, including NRI schemes, export/import services, forex treasury, and resident facility, as well as products for micro and small enterprises. It operates through 24 zonal offices comprising 1530 branches. Punjab & Sind Bank was incorporated in 1908 and is headquartered in New Delhi, India.
History

The bank was established in Amritsar on 24 June 1908 by Bhai Vir Singh, Sir Sunder Singh Majitha, and Sardar Tarlochan Singh to serve the then Sind and Punjab areas of colonial India.On 15 April 1980 Punjab & Sind Bank was among six banks that the Government of India nationalised in the second wave of nationalisation.

In the 1960s Punjab & Sind Bank established a branch in London. In 1991 Bank of Baroda acquired Punjab & Sind Bank's London branch at the behest of the Reserve Bank of India following Punjab & Sind's involvement in the Sethia fraud in 1987.

Since 2004, the bank has shown growth of over 40% year on year, and its IPO was oversubscribed by more than 50 times.

On 16 July 2019, Punjab & Sind Bank disclosed that it detected a fraud, worth ?238 crore by the Bhushan Power & Steel Limited.

Mission
The mission of Punjab & Sind Bank is to serve its customers with trust, transparency and efficiency while ensuring their financial well-being.
Vision
The vision of Punjab & Sind Bank is to be one of the most trusted, respected and leading financial service providers.
Key Team

Mr. Arun Kumar Agarwal (Chief Vigilance Officer)

Mr. Saket Mehrotra (Company Sec. & Compliance Officer)

Ms. Mahima Agarwal (Chief Financial Officer)

Mr. Subhash Chand Ahuja (Chief Customer Service Officer)

Mr. Dheeraj Kumar Gaur (Chief Risk Officer)

Recognition and Awards
Punjab & Sind Bank has been the recipient of several awards such as 'Best Bank Award-2020' from SKOCH and 'Financial Inclusion Award-2019' from Nirmal Bang.
References

https://en.wikipedia.org/wiki/Punjab_%26_Sind_Bank

https://in.investing.com/equities/punjab-sind-bank

https://finance.yahoo.com/quote/PSB.NS/profile?p=PSB.NS

https://www.crunchbase.com/organization/punjab-sind-bank

https://companiesmarketcap.com/

https://punjabandsindbank.co.in

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Punjab and Sind Bank
Leadership team

Mr. Raghavendra Kollegal Venkatasheshan (Exec. Director)

Dr. Ramjass Yadav (Exec. Director)

Mr. Swarup Kumar Saha (CEO, MD & Director)

Products/ Services
Banking, Financial Services, Wealth Management
Number of Employees
1,000 - 20,000
Headquarters
New Delhi, Delhi, India
Established
1908
Net Income
100M - 500M
Revenue
100M - 500M
Traded as
PSB.NS
Social Media
URL
https://punjabandsindbank.co.in