Company type | Public |
---|---|
BSE:
533295 NSE: PSB | |
Industry |
Banking Financial services |
Founded | 24 June 1908 |
Headquarters | Rajendra Place, New Delhi, India |
Key people |
|
Products | Consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, wealth management |
Revenue | ₹8,826.92 crore (US$1.1 billion)(2020) [2] |
₹1,096.91 crore (US$130 million) (2020) [2] | |
₹1,039.05 crore (US$120 million) (2022) | |
Total assets | ₹121,067.55 crore (US$15 billion) (2022) |
Total equity | ₹701.05 crore (US$84 million) (2020) [2] |
Owner | Government of India |
Number of employees | 10151 (2024) [2] |
Capital ratio | 12.76% (2020) |
Website |
punjabandsindbank |
Punjab & Sind Bank is an Indian public sector bank headquartered in New Delhi. [3] As of 18 April 2023, [update] the bank has 1553 branches which are widely spread across India out of which 635 branches are in the state of Punjab, and 25 zonal offices located all over India. [4]
The bank was established in Amritsar on 24 June 1908 by Bhai Vir Singh, Sir Sunder Singh Majitha, and Sardar Tarlochan Singh to serve the then Sind and Punjab areas of colonial India. [5]
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.
On 16 July 2019, Punjab & Sind Bank disclosed that it detected a fraud, worth ₹238 crore (US$29 million) by the Bhushan Power & Steel Limited. [6]
# | Particulars | FY 2016-17 | FY 2017-18 | FY 2018-19 | FY 2019-20 | FY 2020-21 |
---|---|---|---|---|---|---|
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 crores) | 1,45,803.25 | 1,71,464.95 | 1,71,305.07 | 1,52,231.75 | 1,63,919.18 |
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+ |
In FY 2019-20 Punjab & Sind Bank recorded a Net Loss of Rs.990.80 crore. [7]
The Capital Adequacy Ratio (Basel III) of the Bank is 12.76% as on 31.03.2020.
Company type | Public |
---|---|
BSE:
533295 NSE: PSB | |
Industry |
Banking Financial services |
Founded | 24 June 1908 |
Headquarters | Rajendra Place, New Delhi, India |
Key people |
|
Products | Consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, wealth management |
Revenue | ₹8,826.92 crore (US$1.1 billion)(2020) [2] |
₹1,096.91 crore (US$130 million) (2020) [2] | |
₹1,039.05 crore (US$120 million) (2022) | |
Total assets | ₹121,067.55 crore (US$15 billion) (2022) |
Total equity | ₹701.05 crore (US$84 million) (2020) [2] |
Owner | Government of India |
Number of employees | 10151 (2024) [2] |
Capital ratio | 12.76% (2020) |
Website |
punjabandsindbank |
Punjab & Sind Bank is an Indian public sector bank headquartered in New Delhi. [3] As of 18 April 2023, [update] the bank has 1553 branches which are widely spread across India out of which 635 branches are in the state of Punjab, and 25 zonal offices located all over India. [4]
The bank was established in Amritsar on 24 June 1908 by Bhai Vir Singh, Sir Sunder Singh Majitha, and Sardar Tarlochan Singh to serve the then Sind and Punjab areas of colonial India. [5]
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.
On 16 July 2019, Punjab & Sind Bank disclosed that it detected a fraud, worth ₹238 crore (US$29 million) by the Bhushan Power & Steel Limited. [6]
# | Particulars | FY 2016-17 | FY 2017-18 | FY 2018-19 | FY 2019-20 | FY 2020-21 |
---|---|---|---|---|---|---|
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 crores) | 1,45,803.25 | 1,71,464.95 | 1,71,305.07 | 1,52,231.75 | 1,63,919.18 |
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+ |
In FY 2019-20 Punjab & Sind Bank recorded a Net Loss of Rs.990.80 crore. [7]
The Capital Adequacy Ratio (Basel III) of the Bank is 12.76% as on 31.03.2020.