1 COMPANY INTRODUCTION

Company Name- Punjab and Sind Bank

Address- SCO No. 84-91, Sector-17B, Bank Square, Chandigarh-160017
Telephone no- L: 0172-5085256
Email Address mailto:lhochd[a]psb.co.in
Website Name- https://www.psbindia.com/
LOGO:

Punjab & Sind Bank ( ) is a government-owned bank (79.62%), with

headquarters in New Delhi. Of its 1466 branches spread throughout India, 623 branches are in
Punjab state. Its net profit is Rs. 121.35 crores and net NPA is 3.55% for the year ending 2014-15.
The bank's operating profit for the year ending 2014-15 is Rs. 775.45 crores. Total business of the
bank was Rs. 1,51,511 crores for the year ending 2014-15 and Business per employee is Rs. 15.95
crore. The net worth of the bank as on 31.03.15 is Rs. 4812 crore.
Punjab & Sind Bank, which is a GoI undertaking, one of the six banks nationalized by the GoI in
April 1980, and today, is one of 19 nationalized banks in India. In over 100 years of operation, the
Bank has significantly grown its branch network with a presence predominantly in north India. As
on October 31, 2010, its network comprised of 926 branches and 63 ATMs across India. The Bank
also sponsors one regional rural bank, Sutlej Gramin Bank, in collaboration with the GoI and the
state Government of Punjab. As on September 30, 2010, we had a total of 8,047 employees
serving over 0.66 crore customers.

History
On 24 June 1908 Bhai Vir Singh, Sir Sunder Singh Majitha, and Sardar Tarlochan Singh when
established Punjab & Sind Bank.
The bank was founded on the principle of social commitment to help the weaker section of the
society in their economic endeavours to raise their standard of life. Decades have gone by, even
today Punjab & Sind Bank stands committed to honour the social commitments of the founding
fathers.
On 15 April 1980 Punjab & Sind Bank was among six banks that the Government of India
nationalised in the second wave of nationalizations. (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.
Setluj Gramin Bank is a Regional Rural Bank sponsored by Punjab & Sind Bank.

Delivery Service Based Products of Bank

Debit Card

ATM locator

List of metro ATM

Locker facility

RTGS/NEFT

Branch locator

Internet Banking

Mobile Banking

SMS Banking

Business area of the Company:

Bank primary business is taking deposits, and making advances and investments, and is
principally divided into retail banking, corporate banking, priority sector banking, treasury
operations and other banking services such as agency functions for insurance, distribution of
mutual funds and pension and tax collection services.
The bank has various deposit products, such as current, savings and term deposits for its
customers. In retail banking, bank provides loan and advances for housing, trade, automobiles,
consumer durables, education and personal loans. It provides commercial banking products and
services to corporate customers, including midsized and small businesses and government
entities.
In corporate banking, its loan products include term loans to finance capital expenditure of assets
across various industries as well as shortterm loans, cash and export credit and other working
capital financing and bill discounting facilities.
The bank also provides credit substitutes, such as letters of credit and guarantee. It also engages in
syndication of loans provided by other financial institutions and other feebased services such as
cash management and remittance services.
In the priority sector, the banks offers direct financing to farmers for production, as well as
indirect financing for infrastructure development and credit to suppliers of agricultural inputs. It
also offers a wide range of general banking services to our customers including ATM cards, cash
management, remittance services and collection services.
Punjab& Sind Bank also distributes thirdparty products such as life and nonlife insurance
policies through corporate agency agreements with Aviva Life Insurance Company India Private
Limited and Bajaj Allianz, respectively, and mutual funds with UTI AMC through a distribution

agreement. It also acts as an agent for various state governments and the GoI on numerous matters
including the collection of taxes and payment of salary and pension.

Major Events:

1908 Incorporated as The Punjab and Sind Bank Limited in Amritsar, Punjab.

1975 Aggregate deposits with the Bank exceed 150 crore.

1979 Number of branches cross 500

1980 Nationalized along with five other banks and constituted as a corresponding new
bank as per the Bank Acquisition Act

1986 Sutlej Gramin Bank established as a regional rural bank with effect from March
22, 1986, in the state of Punjab, under the name Faridkot Bathinda Kshetriya Gramin
Bank.

1999 The paidup capital of the Bank was reduced by Rs 462.47 crore for write down of
investments for adjustment of losses 2006 Total business of the Bank for financial year
200506 crosses ' 25,000 crore.2008 Highest percentage of growth in advances of
56.28% among all public sector banks in IndiaGross NPAs dropped to less than 1.00% for
financial year 200708.The equity capital of the Bank was restructured by converting an
amount of Rs 160.00 crore into IPDI, Rs 200.00 crore into PNCPS and Rs 200.00 crore

into PCPS, while retaining Rs 183.06 crore as the equity capital.

2009 Total business of the Bank for financial year 200809 crosses Rs 50,000 crore.

2010 Total business of the Bank crosses Rs 81,000 croreNet profit of the Bank crosses
Rs 500.00 crore Joined the NFSFirst CBS branch rolledout on June 24, 2010Entered
into a memorandum of understanding with the Unique Identification Authority of India to
provide assistance in the implementation of project for assignment of unique identification
numbers.

Objective
The bank was founded by luminaries like Bhai Vir Singh, Sir Sunder Singh Majitha and Sardar
Tarlochan Singh in the holy city of Amritsar on the principle of social commitment to help the
weaker section of the society in their economic endeavours to raise their standard of life.

Achievements andActivities
Punjab & Sind Bank is the first bank in Northern India to obtain ISO 9002 certification for its
selected branches. Its Housing Finance Branch caters to the credit need of the house aspirants.
The bank has entered into agreements for Non Life insurance business with M/s Bajaj Allianz
General Insurance Company and Life Insurance business arrangements with M/s Aviva Life
Insurance Company India Pvt. Ltd. Its customers can now avail insurance related services under
one roof.

Nationalization
Punjab & Sind Bank was nationalized in 1980 along with six other banks by the Government of
India.

Size
Manpower: In total 1466 branches spread throughout India, 623 branches are in Punjab state.
FINANCIAL TURNOVER

Month

National Stock Exchange of India Limited (NSE)

Highest (Rs.)
Lowest (Rs.)
Volume Traded

MAR 2016

35.80

31.70

1810415

Products & Services

Deposits

Loans

Other Services

Savings Account
Recurring Deposit
Fixed Deposits
Current Accounts
Priority Sector Loans
Housing Loan
Home Enhancement Loans
Personal Loan
Education Loan
Car Loans
Business Loans
NRI Services
Punjab & Sind Bank-ICICI Bank Credit Card
Gold Card Schemes
RBI Citizens' Charter including cash and
deposits
Locker Facilities
RTGS
NEFT
PSB e-funds Transfer
Tax Payment
E-bill Payments
PSB- Aviva Allianz Insurance

Vision & Mission Statement of the Bank.

CORPORATE VISION OF THE BANK:

To emerge as a techno savvy vibrant Public Sector Bank with Pan India presence aspiring to meet
expectations of all stake holders

THE MISSION STATEMENT OF THE BANK:

To provide excellent customer service through innovative products and services for
different segments of customers using state of the art technology.

To dedicate ourselves wholeheartedly for Sarva Jana Hitai Sarva Jana Sukhai

Organisation structure of the company.

SH. JATINDERBIR SINGH, IAS
CHAIRMAN & MANAGING DIRECTOR
EXECUTIVE DIRECTORS

SH. MUKESH KUMAR JAIN

EXECUTIVE DIRECTOR

SH. A.K. JAIN

EXECUTIVE DIRECTOR
DIRECTORS

SHRI S. R. MEHAR
(Deputy Secratery, MoF, Department
of Financial Services, New Delhi)

SHRI PRADIPTA K. JENA

(RBI Nominee Director)

NON OFFICIAL DIRECTORS

SHRI ATANU SEN

SHRI SANJAY VERMA

SMT. ANITA KARNAVAR

SHRI. MANJIT SINGH SARANG

(Shareholders' Director)
SHRI. SUKHEN PAL BABUTA
(Shareholders' Director)
GENERAL MANAGERS

SHRI IQBAL SINGH BHATIA

(Posted at H.O.)

SHRI M. G. SRIVASTAVA
(Chief Vigilance Officer)
(Posted at H.O.)

SHRI DEEPAK KUMAR MAINI

(Posted at H.O.)

SHRI GURBINDER SINGH DHALL

(Posted at H.O.)

SHRI D.D. SHARMA

(Posted at H.O.)
SHRI SUBHASH KWATRA
(FGM )
SHRI HARVINDER SINGH
(Posted at H.O.)

SHRI VARINDER GUPTA

(Posted at H.O.)
SHRI R.K. BANSAL
(Posted at H.O.)
SHRI G.S. DHINGRA
(Posted at H.O.)

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