Punjab & Sind Bank

Punjab & Sind Bank is an Indian public sector bank headquartered in New Delhi. the bank has 1817 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.

History

thumb|Punjab & Sind Bank founders group portrait. From left-to-right: Tarlochan Singh, [[Vir Singh (writer)|Vir Singh, Sundar Singh Majithia, 1907]]

The first branch of the bank in Amritsar was established on 24 June 1908 by Sikh reformers of the Singh Sabha movement, namely Bhai Vir Singh, Sir Sunder Singh Majitha, and Sardar Tarlochan Singh, to serve the then Sind and Punjab areas of colonial India. The bank was established as a bank "by the Sikhs, for the Sikhs". The bank initially was going to be named The Punjab Union Bank Ltd but it ended being incorporated as The Punjab & Sind Bank Limited to accommodate the Punjabi population living in Sindh. It opened on 24 June 1908 at Hall Bazaar, Amritsar with an akhand path and ardas prayer by Mohan Singh, with 10,000 rupees being collected for the bank on its first opening. Majithia was the chairman for the Board of Directors, Trilochan Singh was the managing director, and the other directors were Vir Singh, Dharam Singh, Mahindar Singh, Harkishan Lal, Mehr Singh Chawla, Baghail Singh, and Shivdev Singh.

Products

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

Financial performance

{| class="wikitable"

! #!!Particulars!!FY 2016–17

!FY 2017–18

!FY 2018–19

!FY 2019–20

|FY 2020-21

| A||Deposits (' INR crores)|| style="text-align:right;" | 85,540.16 || style="text-align:right;" |1,01,726.17 || style="text-align:right;" |98,557.60 || style="text-align:right;" |89,667.55

|96,108.18

| B||Advances (' INR crores)|| style="text-align:right;" | 60,263.09 || style="text-align:right;" |69,738.78 || style="text-align:right;" |72,747.47 || style="text-align:right;" |62,564.20

|67,811.00

| C||Total Business (A+B) (' INR crores)|| style="text-align:right;" | 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)|| style="text-align:right;" | 97,753.40

|1,11,591.84

|1,06,973.01

|1,10,481.89

| E||Operating Profit (' INR crores)|| style="text-align:right;" | 1241.88 || style="text-align:right;" |1144.71 || style="text-align:right;" |1396.86 || style="text-align:right;" |1096.91

|771.22

| F||Net Profit(' INR crores)|| style="text-align:right;" | 201.08 || style="text-align:right;" |(-743.80) || style="text-align:right;" |(-543.48) || style="text-align:right;" |(-990.80)

|(-2732.90)

| G||Net Interest Margin (NIM) (%)|| style="text-align:right;" | 2.16 || style="text-align:right;" | || style="text-align:right;" |1.98 || style="text-align:right;" |1.88

|2.11

| H||Return on assets (%)|| style="text-align:right;" | 0.20 || style="text-align:right;" |(-0.69) || style="text-align:right;" |(-0.47) || style="text-align:right;" |(-0.91)

|(-2.55)

| I||Gross NPAs (%)|| style="text-align:right;" | 10.45 || style="text-align:right;" |11.19 || style="text-align:right;" |11.83 || style="text-align:right;" |14.18

|13.76

| J||Net NPAs (%)|| style="text-align:right;" | 7.51 || style="text-align:right;" |6.93 || style="text-align:right;" |7.22 || style="text-align:right;" |8.03

|4.04

| K||Total Branches|| style="text-align:right;" | 1500 || style="text-align:right;" |1514 || style="text-align:right;" |1518 || style="text-align:right;" |1526

|1531

| L||Total ATM's|| style="text-align:right;" | 1400 || style="text-align:right;" |1400+ || style="text-align:right;" |1500+ || style="text-align:right;" |1500+

|1450+

In FY 2019-20 Punjab & Sind Bank recorded a Net Loss of Rs.990.80 crore.

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.

Patronage of Sikh art

In independent India, bodies commissioning new Sikh artwork tended to be Sikh museums (with their resident artist), private organisations (chiefly P&S Bank), and the government. These three sources of Sikh art patronage frequently overlapped with one another due to individuals being involved in more than one source, thus are described as "intersecting threads of patronage" by Kanika Singh. Beginning in 1974 under the guise of Inderjit Singh, Makhan Singh, and Satbir Singh, the Punjab & Sind Bank hired artists to create artwork based on Sikh heritage for its annually published illustrated calendar. Some of the artists hired to create artwork for the bank's calendar included Devender Singh, Mehar Singh, Bodhraj, Kirpal Singh, Rahi Mohinder Singh, Jarnail Singh, and Amolak Singh. These paintings were created to promote the teachings of the Sikh gurus and inform the younger generations. Sometimes a calendar issue and its associated artwork was dedicated to a specific topic, such as the 1975 issue covering historical Sikh women while the 1976 issue was based on kirtaniyas, specifically historical Sikh musicians. Sometimes a historical event from Sikh history was first-ever depicted in the P&D Bank's calendar art. In 1980, the formerly private bank was nationalised by the government of India but it continued to publish illustrated Sikh calendar artwork with commissioned works until the early 2000s, after which paintings in its calendars were replaced with photographs. The artwork created for the bank's calendar was later donated on the initiative of Harbans Singh to the Bhai Mati Das Museum in New Delhi. The 2023 version of the Punjab and Sind Bank website included an archive of its Sikh history calendars for between the years 2002–2018.

References

External links

Official website