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• Punjab And Sind Bank

Punjab And Sind Bank

Punjab and Sind Bank is one of the nationalised banks and has more than 1526 branches and offers services like the Insurance, Investment, Corporate banking, Net banking, gold loans, Housing loans, Property loans, Wealth management, Education Loans, Savings and Current Account, Brokerage, Infrastructure Finance, Asset Management, Mortgages, Email and SMS alerts, E-Statements, Tax payments, Personal Banking, Credit Card, and the Online Banking.

History of Punjab and Sind Bank

Punjab and Sind Bank is one of the 16 banks that has been nationalised and is under the control of the Ministry of Finance, Government of India. Headquartered in New Delhi, till date we are offering good service to the people in Punjab and Sind Areas. After partition it began to work for the state of Punjab, as Sind went to Pakistan. This bank got nationalised on April 15 1980 when the second round of nationalisation of the banks were taking place. Furthermore, in 1960 Punjab and Sind bank set up a bank in London and the growth of the bank has been very phenomenal in the years to come. Earlier the registered office was at Hall Bazaar, Amritsar, India.

The Initial Public Offering has seen an amazing jump to more than 50 percent and the growth rate of the Punjab and Sind Bank is more than 60 percent. This bank was created by Bhai Vir Singh, Sardar Tarlochan Singh and Sri Sundar Singh Majitha  on June 24, 1908 in Amritsar to assist the people not able to meet their financial requirements. In the present scenario we have more than 600 plus branches in Punjab and 26 zonal offices that are present all over Indian subcontinent. 

Shri Swarup Kumar Saha is the MD and Chief Executive Officer of the Punjab and Sind Bank and Mr. Kollegal Raghavendra is the Director. We believe in the principle of Sarva Jana Hitai Sarva Jana Sukhai” as this is the core principle of the founding personalities of the bank.

Banking Services offered by Punjab and Sind Bank

There are various banking services offered by the Punjab and Sind Bank and they are:

• Net Banking.
• Email Alerts.
• E- Statements
• SMS Banking.
• Mobile Banking.
• Savings Account.
• Online Security.
• Current Accounts.
• Rate of Exchange.
• Foreign Exchange.
• Asset Management
• Deposit Guarantee.
• Utility Bill Payments.
• Cyber Fraud Alerts.
• Consumer Banking.
• Door Step Banking.
• Debt Restructuring.
• Corporate Banking.
• Demand Drafts (DD).
• Wealth Management.
• Safe Deposit Lockers.
• POS (Point of Sale) Facility.
• Flexi Saving Deposit Account.
• Customised Passbook Service.
• Customised Cheque Book Service.
• Corporate salaries of Organisation.

Loans and credit facilities provided by Punjab and Sind Bank

 There are various types of loan and credit facilities that are offered by the Punjab and Sind Bank and they are:

• PSB Gold Loan.
• PSB Vyapaar Loan.
• PSB Property Loan.
• PSB Personal Loan.
• PSB Mortgage Loan.
• PSB Education Loan.
• PSB Apna Ghar Loan.
• PSB Kisan Home Loan.
• PSB Apna Vahan Loan.
• PSB Skill Education Loan.
• PSB SME Liquid Plus Loan.
• PSB Sukh Money for Senior Citizens.

Legal Issues

• Punjab and Sind Bank has declared outstanding dues of INR ₹1,234 crore to the Srei group firms as fraud cases and reported it to Reserve Bank of India.
• Punjab and Sind Bank admitted that on July 16, 2019 there was a massive fraud case worth INR 238 Crores done by the Bhushan Power and Steel Limited.

Award and Recognition

• Punjab and Sind Bank’s hockey team has won the 52^nd Nehru Hockey Cup.
• Punjab and Sind Bank has won ASSOCHAM’s Social Banking Excellence Award -2015 under Small Bank Class and Rural Banking Category.
• Punjab and Sind bank won the Joint Runner Up Trophy in Small Bank Category for NFS products in the National Payments Excellence Award 2015.

Punjab And Sind Bank has 1545 IFSC connected branches in India. Bank has branches in following states:

ANDHRA PRADESH
ARUNACHAL PRADESH
ASSAM
BIHAR
CHANDIGARH
CHHATTISGARH
DELHI
GOA
GUJARAT
HARYANA
HIMACHAL PRADESH
JAMMU AND KASHMIR
JHARKHAND
KARNATAKA
KERALA
MADHYA PRADESH
MAHARASHTRA
MANIPUR
MEGHALAYA
MIZORAM
NAGALAND
ODISHA
PUDUCHERRY
PUNJAB
RAJASTHAN
SIKKIM
TAMIL NADU
TELANGANA
TRIPURA
UTTAR PRADESH
UTTARAKHAND
WEST BENGAL