Punjab & Sind Bank

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Punjab & Sind Bank
Traded asBSE533295
Financial services
Founded24 June 1908; 110 years ago (1908-06-24)
HeadquartersRajendra Place New Delhi, India
Key people
  • Mr. Jatinder Bir Singh
    (Non-Exe Chairman)
  • S. Hari Shanker
    (MD & CEO)
ProductsFinance, FOREX, Retail Banking
RevenueIncrease8,744.34 crore (US$1.2 billion)(2016)[1]
Increase1,270 crore (US$180 million)(2016)[1]
Increase335.97 crore (US$47 million) (2016)[1]
Total assetsIncrease102,581.42 crore (US$14 billion) (2016)[1]
OwnerGovernment of India
Number of employees
9,403 (2016)[2]
Capital ratio10.91% (2016)[1]

Punjab & Sind Bank is a government-owned bank (79.62%), with headquarters in New Delhi. Of its 1554 branches spread throughout India, 623 branches are in Punjab state. Net NPA is 6.93% for the year ending 2017-18. The bank's operating profit for the year ending 2017-18 is Rs. 1144.71 crores. Total business of the bank was Rs. 1,71,464.95 crores for the year ending 2017-18. The net worth of the bank as on 31.03.18 is Rs. 4733.96 crore.


On 24 June 1908, Bhai Vir Singh, Sir Sunder Singh Majitha, and Sardar Tarlochan Singh established Punjab & Sind Bank.[3]

On 15 April 1980 Punjab & Sind Bank was among six banks that the Government of India nationalised in the second wave of nationalisations. (The first wave had been in 1969 when the government nationalised the top 14 banks.)

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 Punjab & Sind has shown growth of over 40% year on year, and its recent IPO was oversubscribed by more than 50 times. Recently the bank crossed a mark of Rs 1 lac crore in business.

Sutlej Gramin Bank was a Regional Rural Bank sponsored by Punjab & Sind Bank.


Financial performance[edit]

# Particulars FY 2016-17 FY 2015-16
A Deposits (' INR crores) 85,540.16 91249.96
B Advances (' INR crores) 60,263.09 65277.22
C Total Business (A+B) (' INR crores) 1,45,803.25 1,56,527.18
D Total Assets (' INR crores) 97,753.40 94,509.15
E Operating Profit (' INR crores) 1241.88 1269.89
F Net Profit(' INR crores) 201.08 335.97
G Business/Employee (' INR crores)
H Net Interest Margin (NIM) (%) 2.16 2.22
I Return on assets (%) 0.20 0.34
J Gross NPAs (%) 10.45 6.48
K Net NPAs (%) 7.51 4.62
L Total Branches 1502 1400
M Total ATM's 1400 1300

See also[edit]


  1. ^ a b c d e "Annual Report of Punjab & Sind Bank" (PDF).
  2. ^ http://www.bankofindia.co.in/UserFiles/File/BOIAR20142015_Final.pdf
  3. ^ https://www.psbindia.com/history1.php

External links[edit]