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    Punjab & Sind Bank: Jump To Navigationjump To Search

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    Sakshi Bakliwal
    Punjab & Sind Bank is an Indian nationalized bank headquartered in New Delhi. It was established in 1908 in Amritsar. The bank reported a net loss of Rs. 990.80 crore for the fiscal year 2019-20. As of 2021, the bank has over 1531 branches across India and total assets of Rs. 110,481 crore. The bank offers consumer banking, corporate banking, loans, wealth management and other financial products and services. It is owned by the Government of India.

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    Punjab & Sind Bank: Jump To Navigationjump To Search

    Uploaded by

    Sakshi Bakliwal
    122 views5 pages
    Punjab & Sind Bank is an Indian nationalized bank headquartered in New Delhi. It was established in 1908 in Amritsar. The bank reported a net loss of Rs. 990.80 crore for the fiscal year 2019-20. As of 2021, the bank has over 1531 branches across India and total assets of Rs. 110,481 crore. The bank offers consumer banking, corporate banking, loans, wealth management and other financial products and services. It is owned by the Government of India.

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    Punjab sind bank

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    Punjab & Sind Bank is an Indian nationalized bank headquartered in New Delhi. It was established in 1908 in Amritsar. The bank reported a net loss of Rs. 990.80 crore for the fiscal year 2019-20. As of 2021, the bank has over 1531 branches across India and total assets of Rs. 110,481 crore. The bank offers consumer banking, corporate banking, loans, wealth management and other financial products and services. It is owned by the Government of India.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    122 views5 pages

    Punjab & Sind Bank: Jump To Navigationjump To Search

    Uploaded by

    Sakshi Bakliwal
    Punjab & Sind Bank is an Indian nationalized bank headquartered in New Delhi. It was established in 1908 in Amritsar. The bank reported a net loss of Rs. 990.80 crore for the fiscal year 2019-20. As of 2021, the bank has over 1531 branches across India and total assets of Rs. 110,481 crore. The bank offers consumer banking, corporate banking, loans, wealth management and other financial products and services. It is owned by the Government of India.

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    © All Rights Reserved
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    of 5

    Punjab & Sind Bank

    From Wikipedia, the free encyclopedia


    Jump to navigationJump to search

    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.

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