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PUNJAB AND SIND BANK

Jan 20, 2020 351

HISTORY:

On June 24, 1908, it established the Bhai Veer Singh, Sir Sunder Singh Majitha, and Sardar Tarlochan Singh, Punjab and Sind Bank.April 15, 1980 in the Punjab and Sind Bank was among the six banks that the Government of India nationalized in the second wave of nationalization. The first wave was in 1969 when the government nationalized the largest 14 banks.In the 1960s the Punjab and Sind Bank established a branch in London.

In 1991, it acquired Bank of Baroda London branch of Punjab and Sind Bank at the request of the Reserve Bank of India after the involvement of Punjab and Sindh in Scythia fraud in 1987.Since 2004, Punjab has shown more than 40% on an annual basis and the growth of the bond, and it was underwriting the recent shares to the public at more than 50 times. Recently the bank over Rs 1 crore mark Latin America and the Caribbean in the field of business.Setluj Grameen Bank is a regional rural bank sponsored by the Bank of Punjab and Sindh.

 

 

CHAIRMAN: S. Jatinderbir Singh