|
Punjab
& Sind Bank
|
|
 |
|
|
Type
|
Public
|
|
Industry
|
Banking
Financial services |
|
Founded
|
1908
|
|
Headquarters
|
New
Delhi, India
|
|
Key
people
|
Shri
Praveen Kumar Anand, Executive director
|
|
Products
|
Finance
|
|
Website
|
|
Punjab & Sind Bank:_(P&SB) is a
major Public Sector bank in Northern India. Of its almost 1000 branches and
offices spread throughout India, almost 400 are in Punjab state, though the
bank's corporate headquarters is in New Delhi.
In
1908, leading figures such as Bhai Vir Singh, Sir Sunder Singh Majitha and
Sardar Tarlochan Singh founded Punjab & Sind Bank to help the weaker
sections of society.Punjab & Sind was one of the few banks in northern
India that honored their obligations to Hindu clients that left Pakistan and
migrated to India at Partition, even though all the bulk of its operations had
been in Pakistan and it had only a few branches in India.On 15 April 1980
Punjab & Sind Bank was among six banks that the Government of India
nationalized in the second wave of nationalizations. (The first wave had been
in 1969 when the government nationalized the top 14 banks.). After
nationalization bank lost its focus and was left behind in the race .
No comments:
Post a Comment