Public Sector Banks of India: Punjab & Sind Bank: MD/CEO, Head Office & Taglines | Download PDF

By Amrit Gouda|Updated : April 30th, 2021

 IBPS releases many notifications for the recruitment of India's many public sector banks and Punjab & Sind is one of them. Many aspirants prepare for these Banking and Insurance Exam. We are writing this series to bring light on the history and interesting facts of different public sector banks.

 

In this article, we are going to discuss the Punjab & Sind Bank. Do you know where is the Punjab & Sind Bank Headquarters or HQ? or What is the Punjab & Sind tagline? If you don't know the answer to these questions then keep reading to find out. 

Read this article to know about the Punjab & Sind Bank's CEO and MD, Head office (HQ), Origin, Interest Rate on Deposit etc. 

History of Punjab & Sind Bank: 

  • The bank was formed on 24 June 1908, as "The Punjab and Sind Bank limited".
  • At the time of its origin, its HQ was at Amritsar, Punjab. 
  • The Punjab and Sind Bank is the brainchild of visionaries like Vir Singh, Sir Sunder Singh Majtha and SarderTarlochan Singh.
  • The vision behind the formation of the Punjab & Sind Bank is to serve the weaker section of the society. Thus, it is founded on the principle of social commitment. 
  • On 15 April 1980, the bank got nationalized by the Government of India under the Bank Acquisition Act along with 5 other banks and constituted as a "corresponding new bank".
  • At the time of Nationalization, its name changed to "Punjab and Sind Bank".

Board Of Directors: 

Punjab & Sind Bank has 1 MD and CEO who is the head of the Board of Directors and one Executive Directors. 

Board of Directors

MD and CEO 

Shri S. Krishnan

Non-Executive Chairman

Dr Charan Singh

Executive Director

Shri Ajit Kumar Das

Punjab & Sind Bank Headquarters: 

Headquarters (HQ)

Corporate Centre

Delhi

Zonal Offices 

25

Branches

1546

Subsidiaries of Punjab & Sind Bank:

Subsidiaries

Punjab & Sind Bank, Asset Management Arm

Subsidiary

Punjab & Sind Bank Logo & Tagline:

Logo:

byjusexamprep

(Picture Credit: Punjab & Sind Bank)

Tagline:
  • Punjab & Sind Bank Tag line is - Where service is a way of life

Awards & Accolades:

  • Banking Technology, Conference, Expo & Awards 2019 - Runner Up in Best Financial Inclusion Initiatives amongst Small Banks by Indian Banks Association.
  • Social Banking Excellence Awards from ASSOCHAM as
    the Best Bank under the “Priority Sector Lending other
    than Agriculture” and Runner up under the
    Agricultural Banking Category for Small Class at the 14th
    Annual Banking Social Banking Excellence Awards,2018

Interesting Facts About Punjab & Sind Bank:

  • In Jan 2019, Sutlej Gramin Bank which is Sponsered by Punjab & Sind Bank was merged with Punjab Gramin Bank and Malwa Gramin Bank to form a single RRB. 
  • In 1982, the bank shifted its HQ from Punjab to Delhi. 
  • In 2012, the bank's business crossed the Rs 1,00,000 cr Landmark. 

This is all about the Punjab & Sind Bank. If you liked the article then please upvote it and share it with your friends. For more articles like this please stay tuned with us.

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