Punjab & Sind Bank

Punjab & Sind Bank | Saving Accounts | Current Accounts | PSB ATM Debit Cards | Retail,SME,Priority Sector Loan Schemes (punjabandsindbank.co.in)

Punjab & Sind Bank: Comprehensive Overview

General Information

• Founded: June 24, 1908, by Bhai Vir Singh, Sir Sunder Singh Majithia, and Sardar Tarlochan Singh
• Headquarters: Rajendra Place, New Delhi, India
• Key People: Charan Singh (Non-Executive Chairman), Swarup Kumar Saha (Managing Director & CEO)
• Website: Punjab & Sind Bank

Financial Highlights (as of March 31, 2024)

• Total Business: ₹1.63 lakh crores
  • Deposits: ₹96,108.18 crores
  • Advances: ₹67,811 crores
• Revenue: ₹8,826.92 crores (FY20)
• Operating Income: ₹1,096.91 crores (FY20)
• Net Income: ₹1,039.05 crores (FY22)
• Total Assets: ₹121,067.55 crores (FY22)
• Total Equity: ₹701.05 crores (FY20)
• Capital Ratio: 12.76% (FY20)

Network and Reach

• Branches: 1,564 branches across India, with the largest number in Punjab (635 branches)
• ATMs: Over 1,500
• Employees: Approximately 10,151 (2024)
• International Presence: Previously had a branch in London, which was acquired by Bank of Baroda in 1991¹².

Services Offered

• Personal Banking: Savings accounts, fixed deposits, personal loans, home loans, education loans, and more.
• Corporate Banking: Business loans, working capital finance, trade services, and more.
• NRI Banking: Accounts and investment options for Non-Resident Indians.
• Digital Banking: Internet banking, mobile banking, and doorstep banking services.
• Investment Options: Mutual funds, insurance, and savings accounts.

Achievements

• Technology: Known for its robust digital banking services and customer-centric initiatives.
• Awards: Recognized for excellence in technology, digital banking, financial inclusion, MSME services, and human resource development¹².

Unique Initiatives

• Aadhaar Pay: Facilitates payments using Aadhaar number and biometric authentication.
• BharatQR: Enables QR code-based payments.
• BHIM: Supports transactions through the BHIM app for UPI payments¹².

Contact Information

• Corporate Office: Rajendra Place, New Delhi – 110008, India
• Phone: +91 11-25719082
• Website: Punjab & Sind Bank