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Incorporated in 1908, Punjab and Sind bank is an undertaking of the Ministry of Finance, Government of India. Punjab and Sind bank is a leading Public Sector Bank in India and a significant bank in Northern India.
Its main office is at Rajendra place, New Delhi, India. The bank serving the country for more than ten decades aims to provide excellent customer service through its innovative products and services. The national bank is dedicated to the vision of Sarva Jana hitai Sarva Jana Sukhai.
Punjab and Sind Bank has 1526 branches and 25 Zonal Offices across India. The company is also listed on the Bombay and National Stock Exchange list.
The Indian nationalised bank was established in 1908 in Amritsar, Punjab. The foundation stone was laid by Bhai Vir Singh, Sir Sunder Singh Majitha, and Sardar Tarlochan Singh.
Punjab and Sind Bank has joined hands for corporate agreements with Aviva Life Insurance Company India Pvt Ltd and Bajaj Allianz.
The bank has also entered into a distribution agreement for mutual funds with Unit Trust of India Asset Management Company Ltd. (UTI AMC)
The company has an expansive range of products which they offer to their clients
In the 1960s - Punjab & Sind Bank established its branch in London. Around thirty years later, the London branch was acquired by the Bank of Baroda.
In April 1980, the government of India nationalised Punjab and Sind bank. The name of the bank changed from The Punjab and Sind Bank Ltd to Punjab & Sind Bank.
In 2010, the first core banking solution (CBS) branch was launched by them.
Sutlej Gramin Bank, a regional rural bank in Punjab was established by Punjab and Sind Bank in 1986.
In 2004, the bank collaborated with ICICI bank limited to launch Punjab & Sind Bank-ICICI Bank Credit Card. The Bank signed a contract with Wipro Ltd in 2010.
Punjab & Sind Bank is the first bank in Northern India to obtain ISO 9002 certification.
The company received a Social Banking Excellence Award from the Associated Chambers of Commerce and Industry of India (ASSOCHAM) in fiscal 2019.
In 2008, The Punjab and Sind Bank was ranked number one in the list of Small-Sized Best Banks in India in the KPMG survey of Best Banks in India.
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