Punjab & Sind Bank celebrated its 114th Foundation Day on June 24, 2021. On this momentous occasion, S Krishnan, MD & CEO informed that the bank was established in 1908 at Amritsar and has played a significant role in shaping the banking landscape of pre and post independent India.
Speaking on the occasion, S Krishnan expressed gratitude towards all the stake holders and customers for being with the Bank during the illustrious journey of 113 years. He further informed that on the occasion of Foundation Day, besides other IT related initiatives, the Bank has launched a special Fixed Deposit product named PSB Swasth Bharat offering 0.15% additional rate of interest to the public who get vaccinated against Covid 19. He further stated that the Bank is offering one-stop solution for all the financial needs of the customers and is in the process of revamping its IT infrastructure to offer state-of-art technology to its customers, especially millennials.
While speaking to us, S Krishnan informed that presently the Bank is offering lowest interest rates on Housing, Auto and Gold Loan products. The Bank is focusing on its core strength for augmenting Retail, Agriculture and MSME (RAM) segment credit. After a period of eight quarters, the Bank has earned Net Profit of Rs.161 crore during the last quarter of 2020-21.
S Krishnan informed that each PSBian is fully committed & dedicated to serve with renewed zeal and zest. Even during the testing times of Covid 19, we extended the best of the services without any fear.