Punjab & Sind Bank: Difference between revisions

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| operating_income = {{decrease}} {{INRConvert|1096.91|c}} (2020)<ref name="Annual Report 2019-20" />
| operating_income = {{decrease}} {{INRConvert|1096.91|c}} (2020)<ref name="Annual Report 2019-20" />
| net_income = {{decrease}} {{INRConvert|-990.80|c}} (2020)<ref name="Annual Report 2019-20" />
| net_income = {{decrease}} {{INRConvert|-990.80|c}} (2020)<ref name="Annual Report 2019-20" />
| assets = {{Increase}}{{INRConvert|110481|c}} (2021) <ref>{{cite web |title=Punjab and Sind Bank |url=https://www.moneycontrol.com/financials/punjabsindbank/balance-sheetVI/PSB}}</ref>
| assets = {{Increase}}{{INRConvert|110481|c}} (2021) <ref>{{Cite web|url=https://www.moneycontrol.com/financials/punjabsindbank/balance-sheetVI/PSB|title=Punjab & Sind Bank Balance Sheet, Punjab & Sind Bank Financial Statement & Accounts|website=[[Moneycontrol]]}}</ref>
| equity = {{Increase}}{{INRConvert|701.05|c}} (2020) <ref name="Annual Report 2019-20" />
| equity = {{Increase}}{{INRConvert|701.05|c}} (2020) <ref name="Annual Report 2019-20" />
| owner = [[Government of India]] (97.07%) <ref name="Annual Report 2019-20" />
| owner = [[Government of India]] (97.07%) <ref name="Annual Report 2019-20" />
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| num_employees = 8862 (2020)<ref name="Annual Report 2019-20" />
| num_employees = 8862 (2020)<ref name="Annual Report 2019-20" />
| ratio = 12.76% (2020)
| ratio = 12.76% (2020)
| homepage = {{URL|https://punjabandsindbank.co.in/}}
| homepage = {{URL|punjabandsindbank.co.in}}
}}
}}


'''Punjab & Sind Bank''' is an Indian [[Government of India|nationalised bank]]. It is under the [[ownership]] of [[Ministry of Finance (India)|Ministry of Finance]] , [[Government of India]]<ref>{{Cite web|url=https://www.bseindia.com/corporates/shpPromoterNGroup.aspx?scripcd=533295&qtrid=107.00&QtrName=September%202020|title=Shareholding Pattern|website=www.bseindia.com|access-date=2020-01-04}}</ref> with its Head Office located in [[New Delhi, India|New Delhi]]. As on 31 March 2020, the bank has 1526 branches which are widely spread across India, out of which 635 branches are in [[Punjab, India|Punjab state]]. The bank has 25 Zonal Offices located all over India.<ref>{{Cite web|url=https://www.psbindia.com/content/zonal-offices|title=Zonal Offices|website=www.psbindia.com}}</ref>
'''Punjab & Sind Bank''' is an Indian [[Government of India|nationalised bank]]. It is under the [[ownership]] of [[Ministry of Finance (India)|Ministry of Finance]], [[Government of India]]<ref>{{Cite web|url=https://www.bseindia.com/corporates/shpPromoterNGroup.aspx?scripcd=533295&qtrid=107.00&QtrName=September%202020|title=Shareholding Pattern|website=www.bseindia.com|access-date=2020-01-04}}</ref> with its head office located in [[New Delhi]]. As of 31 March 2020, the bank has 1526 branches which are widely spread across India out of which 635 branches are in the state of [[Punjab, India|Punjab]], and 25 zonal offices located all over India.<ref>{{Cite web|url=https://www.psbindia.com/content/zonal-offices|title=Zonal Offices|website=psbindia.com}}</ref>


==History==
==History==
The bank was established in [[Amritsar]] on 24 June 1908 by [[Vir Singh (writer)|Bhai Vir Singh]], Sir Sunder Singh Majitha, and Sardar Tarlochan Singh.<ref>https://www.psbindia.com/history1.php</ref>
The bank was established in [[Amritsar]] on 24 June 1908 by [[Vir Singh (writer)|Bhai Vir Singh]], Sir Sunder Singh Majitha, and Sardar Tarlochan Singh to serve the then [[Sind Division|Sind]] and [[Punjab Province (British India)|Punjab]] areas of [[British Raj|colonial India]].<ref>[https://punjabandsindbank.co.in/content/history1 History]. ''punjabandsindbank.co.in''.</ref>


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.)
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.)
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Since 2004, the bank has shown growth of over 40% year on year, and its IPO was oversubscribed by more than 50 times.
Since 2004, the bank has shown growth of over 40% year on year, and its IPO was oversubscribed by more than 50 times.
== Highlights ==
In FY 2019-20 Punjab & Sind Bank recorded a Net Loss of Rs.990.80 crore.<ref>https://www.bseindia.com/bseplus/AnnualReport/533295/5332950320.pdf</ref>
* 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.


On 16 July 2019, Punjab & Sind Bank disclosed that it detected a fraud, worth {{INRConvert|238|c|0}} by the [[Bhushan Power & Steel]] Limited.<ref>{{cite news |title=Punjab & Sind Bank flags fraud in Bhushan Power account |url=https://www.livemint.com/companies/news/punjab-sind-bank-flags-fraud-in-bhushan-power-account-1563371557452.html |publisher=[[Livemint]] |date=17 July 2019}}</ref>
On 16 July 2019, Punjab & Sind Bank disclosed that it detected a fraud, worth {{INRConvert|238|c|0}} by the [[Bhushan Power & Steel]] Limited.<ref>{{cite news |title=Punjab & Sind Bank flags fraud in Bhushan Power account |url=https://www.livemint.com/companies/news/punjab-sind-bank-flags-fraud-in-bhushan-power-account-1563371557452.html |publisher=[[Livemint]] |date=17 July 2019}}</ref>
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== Products==
== Products==
{{div col|colwidth=250px}}
{{div col|colwidth=250px}}
* [[Aadhaar Pay]]
* [[Aadhaar]] Pay
* [[Automated teller machine|ATM]]
* [[Automated teller machine|ATM]]
* [[BharatQR]]
* [[BharatQR]]
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* [[Internet Banking]]
* [[Internet Banking]]
* [[Mobile Banking]]
* [[Mobile Banking]]
* [[POS Machine]]
* [[Point-of-sale terminal|POS Machine]]
* [[SMS Banking]]  
* [[SMS Banking]]  
* [[UPI]]
* [[UPI]]
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|1450+
|1450+
|}
|}
In FY 2019-20 Punjab & Sind Bank recorded a Net Loss of Rs.990.80 crore.<ref>[https://www.bseindia.com/bseplus/AnnualReport/533295/5332950320.pdf Annual Report]. ''[[Bombay Stock Exchange|BSE India]]''.</ref>
* 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==
==See also==
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* [[Banking in India]]
* [[Banking in India]]
* [[List of banks in India]]
* [[List of banks in India]]
* [[List of companies of India]]
* [[Punjab National Bank]]
* [[Reserve Bank of India]]
* [[Reserve Bank of India]]
* [[Indian Financial System Code]]
* [[Indian Financial System Code]]
* [[List of largest banks]]
* [[List of largest banks]]
* [[Bank of Punjab]]
* [[Sindh Bank]]


==References==
==References==
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==External links==
==External links==
* [http://www.psbindia.com/ Punjab & Sind Bank official website]
* {{Official}}


{{Banking in India}}
{{Banking in India}}

Revision as of 01:25, 29 December 2021


Punjab & Sind Bank
Traded asBSE: 533295
NSE: PSB
IndustryBanking
Financial services
Founded24 June 1908; 118 years ago (1908-06-24)
HeadquartersRajendra Place New Delhi, India
Key people
S Krishnan
(MD & CEO[1])| Shri Kollegal V Raghavendra, Dr. Ramjass Yadav
(Executive Directors[1])}}
ProductsConsumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, wealth management
RevenueDecrease ₹8,826.92 crore (US$1.2 billion)(2020)[2]
Decrease ₹1,096.91 crore (US$150 million) (2020)[2]
Decrease ₹−990.80 crore (US$−140 million) (2020)[2]
Total assetsIncrease₹110,481 crore (US$15 billion) (2021) [3]
Total equityIncrease₹701.05 crore (US$98 million) (2020) [2]
OwnerGovernment of India (97.07%) [2]
Number of employees
8862 (2020)[2]
ParentMinistry of Finance , Government of India
Capital ratio class39 = tel12.76% (2020)
Websitepunjabandsindbank.co.in

Punjab & Sind Bank is an Indian nationalised bank. It is under the ownership of Ministry of Finance, Government of India[4] with its head office located in New Delhi. As of 31 March 2020, the bank has 1526 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.[5]

History

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.[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$33 million) by the Bhushan Power & Steel Limited.[7]

Products

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

References

  1. ↑ 1.0 1.1 "PSB Management | Board of Directors | Board Committee | Punjab & Sind Bank". www.psbindia.com.
  2. ↑ 2.0 2.1 2.2 2.3 2.4 2.5 "Annual Report of Punjab & Sind Bank" (PDF).
  3. ↑ "Punjab & Sind Bank Balance Sheet, Punjab & Sind Bank Financial Statement & Accounts". Moneycontrol.
  4. ↑ "Shareholding Pattern". www.bseindia.com. Retrieved 4 January 2020.
  5. ↑ "Zonal Offices". psbindia.com.
  6. ↑ History. punjabandsindbank.co.in.
  7. ↑ "Punjab & Sind Bank flags fraud in Bhushan Power account". Livemint. 17 July 2019.
  8. ↑ Annual Report. BSE India.

External links

  • {{URL|example.com|optional display text}}
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