Punjab & Sind Bank Recruitment 2019 For Specialist Officer

Punjab & Sind Bank is a government-owned bank (79.62%), with headquarters in New Delhi. Of its 1559 branches spread throughout India, 623 branches are in Punjab state. Net NPA is 6.93% for the year ending 2017-18. The banks operating profit for the year ending 2017-18 is Rs. 1144.71 crores. Total business of the bank was Rs. 1,71,464.95 crores for the year ending 2017-18. The net worth of the bank as on 31.03.18 is Rs. 4733.96 crore.

On 24 June 1908, Bhai Vir Singh, Sir Sunder Singh Majitha, and Sardar Tarlochan Singh established Punjab & Sind Bank.

On 15 April 1980 Punjab & Sind Bank was among six banks that the Government of India nationalised in the second wave of nationalisations. (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 Banks London branch at the behest of the Reserve Bank of India following Punjab & Sinds involvement in the Sethia fraud in 1987.

Since 2004 Punjab & Sind has shown growth of over 40% year on year, and its recent IPO was oversubscribed by more than 50 times. Recently the bank crossed a mark of Rs 1 lac crore in business.