Punjab and Sind Bank Ltd.

The Bank was incorporated as ‘The Punjab and Sind Bank Limited’ on
 June 24, 1908, with its registered office situated at Hall Bazar,
 Amritsar, Punjab, India. The Bank is one of the six banks which were
 nationalized on April 15, 1980.  
  
 The Bank was constituted as a ‘corresponding new bank’ on April 15,
 1980, as defined under Section 2(b) of the Bank Acquisition Act. The
 central and administrative office of the Bank at the time of
 constitution under the Bank Acquisition Act was situated at B-45/47,
 Connaught Place, New Delhi 110 001.  
  
 For details in relation to the Bank’s activities, services, products,
 market of each segment, its growth, technology, market, managerial
 competence, standing with reference to prominent competitors, 
  
 The Bank currently has only one shareholder, i.e. the President of
 India, acting through the Ministry of Finance, GoI.  
 
 2000 - The Bank has launched its bullion trading scheme on persistent
 demand from
              North Indian traders, especailly in view of the Diwali
 festival season.
 
           - The Bank has been appointed as arranger and collecting
 banker for State Bank
             of India's India Millennium Deposit scheme slated to open
 on October 21
 
 2001 - NS Gujaral has been appointed as the chairman and managing
 director of the 
              Delhi-based Punjab & Sind Bank.
 
 
 2003
 
 -The bank has launched a special festival loan scheme for meeting the
 expenditure for items 
 such as purchase of consumer goods or furnishing of house or shops
 
 2004
 
 -Mr. V K Chopra, CMD, Small Industries Development Bank of India,
 appointed as CMD of Punjab & Sind Bank
 
 -P&SB appoints new chairman R S Gujral
 
 -Punjab and Sind Bank (PSB) and ICICI Bank on July 02 announced the
 launch of co-branded credit card that will be available in three
 variants - Gold, Silver and Blue credit card
 
 -Punjab and Sind Bank ties up with Aviva Life
 
 2010
 
 - Punjab and Sind Bank (PSB) has inked a pact with Wipro, for a 10
 year contract for comprehensive IT outsourcing services for PSB.
 
 2011
 -Punjab and Sind BankTie-up with HCL for Financial Inclusion.
 -Punjab and Sind Bank has recommended a dividend @ Rs.2/- (Rupees Two
 only) per equity share of Rs.10/- each.
 
 2012
 -PSB has recommended a dividend @ Rs. 2/- (Rupees Two Only) per
 equity share of Rs. 10/- each.
 
 2013
 -PSB has recommended a dividend @ Rs. 2.68 (Rupees two and paise
 sixty eight only) per equity share of Rs. 10/- each.
 
 2014
 -PSB has recommended a dividend @ Rs. 0.60 (paise sixty only) per
 equity share of Rs. 10/- each .
 
 2015
 -Punj. & Sind Ban - Authorised KMPs to determine materiality of
 events/information
 
 2019
 -Punjab & Sind Bank Amalgamation of Punjab Gramin Bank, Malwa Gramin
 Bank and Sutlej Gramin Bank.