Punjab & Sind Bank

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Punjab & Sind Bank

Type Nationalised Bank

Traded as BSE: 533295
NSE: PSB

Industry Banking
Financial services

Founded 24 June 1908; 113 years ago

Headquarters Rajendra Place New Delhi, India

Key people S Krishnan

(MD & CEO[1])| Shri Kollegal V Raghavendra

(Executive Director[1])}}

Products Consumer banking, corporate banking, finance and

insurance, investment banking, mortgage
loans, wealth management

 ₹8,826.92 crore (US$1.2 billion)(2020)[2]
Revenue

Operating  ₹1,096.91 crore (US$150 million) (2020)[2]

income

Net income  ₹−990.80 crore (US$−130 million) (2020)[2]

₹110,481 crore (US$15 billion) (2021) [3]

Total assets
 ₹701.05 crore (US$93 million) (2020) [2]
Total equity

Owner Government of India (97.07%) [2]

Number of 8862 (2020)[2]

employees

Parent Ministry of Finance , Government of India

Capital ratio 12.76% (2020)

Website punjabandsindbank.co.in

Punjab & Sind Bank is an Indian nationalised bank. It is under

the ownership of Ministry of Finance , Government of India[4] with its Head Office located
in New Delhi. As on 31 March 2020, the bank has 1526 branches which are widely
spread across India, out of which 635 branches are in Punjab state. The bank has 25
Zonal Offices located all over India.[5]

Contents

 1History
 2Highlights
 3Products
 4Financial performance
 5See also
 6References
 7External links

History[edit]
The bank was established in Amritsar on 24 June 1908 by Bhai Vir Singh, Sir Sunder
Singh Majitha, and Sardar Tarlochan Singh. [6]
On 15 April 1980 Punjab & Sind Bank was among six banks that the Government of
India nationalised in the second wave of nationalisation. (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, the bank has shown growth of over 40% year on year, and its IPO was
oversubscribed by more than 50 times.
Highlights[edit]
In FY 2019-20 Punjab & Sind Bank recorded a Net Loss of Rs.990.80 crore. [7]

 Total business of the bank stood at Rs. 1,52,231.75 crore.

 The operating profit for the year ending 2019-20 is Rs. 1097 crores.
 Gross NPA is 14.18% for the year ending 2019-20 amounting to Rs 8875
crores.
 Net NPA is 8.03% for the year ending 2019-20 amounting to Rs 4684 crores.
 Provision Coverage Ratio as on 31 March 2020 stood at 66.74%.
 The Net Worth of the bank stood at Rs. 2917 crore as on 31.03.2020.
 Total Income of the bank during the year stood at Rs 8827 crore.
The Capital Adequacy Ratio (Basel III) of the Bank is 12.76% as on 31.03.2020.
On 16 July 2019, Punjab & Sind Bank disclosed that it detected a fraud, worth ₹238
crore (US$32 million) by the Bhushan Power & Steel Limited.[8]

Products[edit]
 Aadhaar Pay
 ATM
 BharatQR
 BHIM
 Debit card
 Internet Banking
 Mobile Banking
 POS Machine
 SMS Banking
 UPI

Financial performance[edit]
FY 2016- FY 2017- FY 2018- FY 2019- FY 2020-
# Particulars
17 18 19 20 21

A Deposits (' INR crores) 85,540.16 1,01,726.17 98,557.60 89,667.55 96,108.18

B Advances (' INR crores) 60,263.09 69,738.78 72,747.47 62,564.20 67,811.00

C Total Business (A+B) (' INR 1,45,803.25 1,71,464.95 1,71,305.07 1,52,231.75 1,63,919.18
 crores)

D Total Assets (' INR crores) 97,753.40 1,11,591.84 1,06,973.01 1,10,481.89

E Operating Profit (' INR crores) 1241.88 1144.71 1396.86 1096.91 771.22

F Net Profit(' INR crores) 201.08 (-743.80) (-543.48) (-990.80) (-2732.90)

G Net Interest Margin (NIM) (%) 2.16 1.98 1.88 2.11

H Return on assets (%) 0.20 (-0.69) (-0.47) (-0.91) (-2.55)

I Gross NPAs (%) 10.45 11.19 11.83 14.18 13.76

J Net NPAs (%) 7.51 6.93 7.22 8.03 4.04

K Total Branches 1500 1514 1518 1526 1531

L Total ATM's 1400 1400+ 1500+ 1500+ 1450+

See also[edit]

 Banks portal

 Banking in India
 List of banks in India
 Reserve Bank of India
 Indian Financial System Code
 List of largest banks
 List of companies of India
 Make in India

References[edit]
1. ^ Jump up to:    "PSB Management | Board of Directors | Board Committee | Punjab & Sind
a b

Bank".  www.psbindia.com.
2. ^ Jump up to:a b c d e f "Annual Report of Punjab & Sind Bank"  (PDF).
3. ^ "Punjab and Sind Bank".
4. ^ "Shareholding Pattern". www.bseindia.com. Retrieved 4 January 2020.
5. ^ "Zonal Offices". www.psbindia.com.
6. ^ https://www.psbindia.com/history1.php
7. ^ https://www.bseindia.com/bseplus/AnnualReport/533295/5332950320.pdf
8. ^ "Punjab & Sind Bank flags fraud in Bhushan Power account". Livemint. 17 July 2019.