Punjab & Sind Bank

Punjab & Sind Bank is an Indian public sector bank headquartered in New Delhi.^[4] 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 of Punjab - 635 branches. The bank has 25 zonal offices, which are located all over India.^[5]

Punjab & Sind Bank

Company type	Public
Traded as	BSE: 533295 NSE: PSB
Industry	Banking Financial services
Founded	24 June 1908; 117 years ago (1908-06-24)
Headquarters	Rajendra Place, New Delhi, India
Key people	Charan Singh (Non-Exe Chairman) Swarup Kumar Saha (MD & CEO) [1]
Products	Consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, wealth management
Revenue	₹13,049 crore (US$1.5 billion)(2025)[2]
Operating income	₹1,130.94 crore (US$130 million) (2024)[2]
Net income	₹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	10,229[3]
Capital ratio	17.16% (2024)
Website	punjabandsindbank.co.in

History

Punjab & Sind Bank founders group portrait. From left-to-right: Tarlochan Singh, Vir Singh, Sundar Singh Majithia

The first branch of the bank in Amritsar was established 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.^[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.

On 16 July 2019, Punjab & Sind Bank disclosed that it detected a fraud, worth ₹238 crore (US$28 million) by the Bhushan Power & Steel Limited.^[7]

Products

• Aadhaar Pay
• ATM
• BharatQR
• BHIM
• Debit card
• Internet Banking
• Mobile Banking
• POS Machine
• SMS Banking
• UPI

Financial performance

#	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.^[8]

• 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.

See also

• Banks portal

• Banking in India
• List of banks in India
• List of companies of India
• Punjab National Bank
• Reserve Bank of India
• Indian Financial System Code
• List of largest banks