 | |
| Company type | Public |
|---|---|
| BSE: 533295 NSE: PSB | |
| Industry | Banking Financial services |
| Founded | 24 June 1908; 116 years ago (1908-06-24) |
| Headquarters | Rajendra Place,New Delhi, India |
Key people |
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| Products | Consumer banking,corporate banking,finance and insurance,investment banking,mortgage loans,wealth management |
| Revenue |  ₹13,049 crore (US$1.5 billion)(2025)[2] |
 ₹1,130.94 crore (US$130 million) (2024)[2] | |
| ₹1,017 crore (US$120 million) (2025)[2] | |
| Total assets | ₹161,815.17 crore (US$19 billion) (2025)[2] |
| Owner | Government of India (98.25%) |
Number of employees | 10151 (2024)[2] |
| Capital ratio | 17.16% (2024) |
| Website | punjabandsindbank |
Punjab & Sind Bank is anIndian public sector bank headquartered inNew Delhi.[3] As of 31 March 2024,[update] the bank has 1570 branches, which are widely spread across India. The largest number of branches are in the state ofPunjab - 635 branches. The bank has 25 zonal offices, which are located all over India.[4]
The first branch of the bank inAmritsar was established on 24 June 1908 byBhai Vir Singh,Sir Sunder Singh Majitha, and Sardar Tarlochan Singh to serve the thenSind andPunjab areas ofcolonial 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 1991Bank of Baroda acquired Punjab & Sind Bank's London branch at the behest of theReserve 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$28 million) by theBhushan 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 | GrossNPAs (%) | 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.
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| National | |
