Punjab and Sind Bank Careers and Employment

About the company

Company size
5,001 to 10,000
Industry
Financial Services
Headquarters
New Delhi, IN
Link
Punjab and Sind Bank website

Punjab & Sind Bank is an Indian nationalised bank. It is under the ownership of Ministry of Finance , Government of India with its Head Office located in New Delhi. As on 31 March 2020, the bank has 1526 branches which are widely spread across India, out of which 635 branches are in Punjab state. The bank has 25 Zonal Offices located all over India.

The bank was established in Amritsar on 24 June 1908 by Bhai Vir Singh, Sir Sunder Singh Majitha, and Sardar Tarlochan Singh.

On 15 April 1980...

The bank was established in Amritsar on 24 June 1908 by Bhai Vir Singh, Sir Sunder Singh Majitha, and Sardar Tarlochan Singh.

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

Since 2004, the bank has shown growth of over 40% year on year, and its IPO was oversubscribed by more than 50 times.

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Rating overview

Rating is calculated based on 23 reviews and is evolving.

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Reviews

Manager in Maharashtra

on June 14, 2020

Workplace culture

It depends upon the manager. How the manager balances the work culture in the branch. How he/she takes up the activities and divides them among staff for smooth functioning of the branch

Officer in Amritsar, Punjab

on November 25, 2023

Worst place to work

One of the worst organization to work with. Upper management will never support you. The HR policy is totally wasted here. There main focus is how to increase profit of the bank.

NA in Punjab

on March 30, 2020

it was good working at this bank

it was good working there. biggest advantage is job security. salary is good . Hikes are good as per govt of india noms. Disadvantage is it is highly transferable job. You will ask to work at very remotely places that too very far from your home.

Probation Officer in ludhiana

on March 2, 2020

stressful environment but cooperative colleagues

Poor management for employ related issues. Mismanagement at upper branch levels due to which staff at branches suffer. Poor online services. Poor work culture but good work ethics. Fair pay but overtime not paid and more stress is given on quantity of work rather than quality of work. Time spent with colleagues was really nice.

Assistant Manager in Mohali, Punjab

on February 5, 2020

Good

I began my career with punjab and Sind bank in 1998. And I am still working in this organisation. My overall tenure of working with the bank is very good.

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