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Punjab & Sind Bank
3.3
based on 144 Reviews
Company Overview
Company Locations
Working at Punjab & Sind Bank
Company Summary
Punjab & Sind Bank, founded to uplift economically weaker sections, remains committed to social responsibility and enhancing lives through banking services.
Overall Rating
3.3/5
based on 144 reviews
13% below
industry average
Highly rated for
Job security
Critically rated for
Work-life balance, Work satisfaction, Company culture
Work Policy
Work from office
94% employees reported
Alternate Saturday off
42% employees reported
Strict timing
64% employees reported
No travel
39% employees reported
View detailed work policy
Top Employees Benefits
Job/Soft skill training
11 employees reported
Health insurance
7 employees reported
Professional degree assistance
3 employees reported
Office cab/shuttle
3 employees reported
View all benefits
About Punjab & Sind Bank
Founded in1908 (117 yrs old)
India Employee Count5k-10k
Global Employee Count5k-10k
India HeadquartersNew Delhi, India
Office Locations
--
Websitepsbindia.com
Primary Industry
Other Industries
--
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It was in the year 1908, when a humble idea to uplift the poorest of poor of the land culminated in the birth of Punjab & Sind Bank with the far-sighted vision of luminaries like Bhai Vir Singh, Sir Sunder Singh Majitha and Sardar Tarlochan Singh.
They enjoyed the highest respect with the people of Punjab.The bank was founded on the principle of social commitment to help the weaker section of the society in their economic endeavours to raise their standard of life.
Decades have gone by, even today Punjab & Sind Bank stands committed to honor the social commitments of the founding fathers.
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Punjab & Sind Bank Ratings
based on 144 reviews
Overall Rating
3.3/5
How AmbitionBox ratings work?
5
60
4
33
3
20
2
11
1
20
Category Ratings
4.1
Job security
3.5
Salary
3.3
Promotions
3.2
Skill development
3.0
Company culture
3.0
Work satisfaction
2.9
Work-life balance
Punjab & Sind Bank is rated 3.3 out of 5 stars on AmbitionBox, based on 144 company reviews.This rating reflects an average employee experience, indicating moderate satisfaction with the company’s work culture, benefits, and career growth opportunities. AmbitionBox gathers authentic employee reviews and ratings, making it a trusted platform for job seekers and employees in India.
Read more
Gender Based Ratings at Punjab & Sind Bank
based on 130 reviews
2.4
Rated by 29 Women
Rated 3.5 for Job security and 2.7 for Salary
3.8
Rated by 101 Men
Rated 4.4 for Job security and 4.0 for Salary
Work Policy at Punjab & Sind Bank
based on 16 reviews in last 6 months
Work from office
94%
Permanent work from home
6%
Punjab & Sind Bank Reviews
Top mentions in Punjab & Sind Bank Reviews
+ 5 more
Compare Punjab & Sind Bank with Similar Companies
Change Company | Change Company | Change Company | ||
|---|---|---|---|---|
Overall Rating | 3.3/5 based on 144 reviews | 3.6/5 based on 1.7k reviews | 3.4/5 based on 375 reviews | 3.4/5 based on 1.2k reviews |
Highly Rated for | Job security | Job security | Job security | Job security |
Critically Rated for | Work-life balance Company culture Work satisfaction | Promotions Company culture Work satisfaction | Work-life balance Company culture Work satisfaction | Work-life balance Company culture Work satisfaction |
Primary Work Policy | Work from office 94% employees reported | Work from office 82% employees reported | Work from office 92% employees reported | Work from office 97% employees reported |
Rating by Women Employees | 2.4 Poor rated by 29 women | 3.4 Average rated by 340 women | 3.1 Average rated by 63 women | 3.5 Good rated by 218 women |
Rating by Men Employees | 3.8 Good rated by 101 men | 3.6 Good rated by 1.2k men | 3.4 Average rated by 271 men | 3.4 Average rated by 844 men |
Job security | 4.1 Good | 4.0 Good | 4.1 Good | 4.2 Good |
View more
Punjab & Sind Bank Salaries
Punjab & Sind Bank salaries have received with an average score of 3.5 out of 5 by 144 employees.
Chief Manager
(29 salaries)
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₹18 L/yr - ₹32 L/yr
Officer
(22 salaries)
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₹6 L/yr - ₹15 L/yr
Branch Manager
(21 salaries)
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₹7.5 L/yr - ₹17 L/yr
Chartered Accountant
(9 salaries)
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₹7 L/yr - ₹12 L/yr
Bank Manager
(8 salaries)
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₹7 L/yr - ₹18 L/yr
Probationary Officer
(5 salaries)
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₹4 L/yr - ₹10.1 L/yr
Officer Grade 1
(5 salaries)
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₹8.8 L/yr - ₹18 L/yr
Branch Head
(5 salaries)
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₹10 L/yr - ₹17 L/yr
Clerk
(5 salaries)
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₹2.2 L/yr - ₹5 L/yr
Credit Officer
(5 salaries)
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₹7.5 L/yr - ₹19.2 L/yr
Punjab & Sind Bank News
View all
PSB stocks will attract investors, despite volatile markets
- Over the next year or so, the equity markets are expected to be awash with stocks of public sector banks as the government plans to offload shares or the banks may raise capital.
- The government holds a significant stake in banks such as Bank of India, UCO Bank, Bank of Maharashtra, Indian Overseas Bank, and Punjab & Sind Bank.
- The Department of Investment and Public Asset Management (DIPAM) has invited applications from investment bankers to advise on selling stakes in banks and financial institutions.
- Public sector banks need growth capital as deposit growth lags behind credit growth, with savers opting for alternative investment avenues.
HinduBusinessLine | 27 Feb, 2025
Punjab & Sind Bank to launch cash-flow based digital MSME loan offering by month-end
- Punjab & Sind Bank (PSB) plans to launch a cash-flow based digital MSME loan offering by the end of this month.
- The loan product will be purely cash-flow based and will be a game changer for the bank.
- Customers can apply for the loan by scanning a QR code, giving a missed call, or visiting the bank's website.
- The system will analyze the customer's Income Tax Return, GST return, and bank statement to sanction the loan quickly.
HinduBusinessLine | 16 Jan, 2025
Six Stocks In News At Noon: L&T Tech, RVNL, PNB, Trent And More
- L&T Technology Services Ltd. (L&T Tech) shares rose 7.84% after it released its third-quarter results.
- Punjab National Bank and Indian Bank shares rose over 2% after the appointment of new managing directors and chief executive officers.
- Rail Vikas Nigam Ltd. (RVNL) shares surged over 9% after receiving an order worth Rs 3,622 crore.
- Trent Ltd. shares decreased by 2.65% following a 'sell' call from Kotak Securities.
- Punjab & Sind Bank shares increased by 7.97% after reporting a two-fold rise in net profit.
Bloomberg Quint | 16 Jan, 2025
Punjab & Sind Bank Share Price Surges Over 12% As Q3 Profit Doubles
- Punjab & Sind Bank shares surged over 12% after reporting a two-fold rise in net profit at Rs 282 crore.
- The bank's net interest income grew by 27% to Rs 939 crore in the quarter ended December 31, 2024.
- The bank's gross non-performing asset was at 3.83% and net non-performing assets stood at 1.25% in the same quarter.
- Punjab & Sind Bank raised Rs 3,000 crore through the issuance of infrastructure bonds, aimed at boosting its infrastructure lending capabilities.
Bloomberg Quint | 16 Jan, 2025
Stocks To Watch Today: HDFC Life Insurance, GAIL, LTTS, Swiggy, RVNL And Azad Engineering
- HDFC Life Insurance, L&T Technologies, Punjab & Sind Bank, RVNL, GAIL, Happiest Minds, Zen Technologies, Aeroflex Industries, and Azad Engineering are the stocks to watch today.
- HDFC Life reported a 10% increase in net premium income, 13.7% rise in net profit, and 14% growth in the value of new business.
- L&T Technology Services recorded a flat net profit, 3.1% rise in revenue, and 8.8% increase in EBIT.
- Punjab & Sind Bank's net interest income rose by 27%, net profit increased by 147%, and gross non-performing assets and net non-performing assets also saw a rise.
Bloomberg Quint | 16 Jan, 2025
PSU Bank Stocks Spike On News Of Government Mulling QIP To Dilute Stake
- PSU Bank stocks witnessed a double-digit climb on news of the government considering a QIP to dilute stake.
- Central Bank of India shares rose by 15%, Indian Overseas Bank by 14%, and UCO Bank by 12%.
- Bank of Maharashtra and Punjab & Sind Bank also saw a 10% increase in their shares.
- The government aims to achieve the regulatory compliance of minimum 25% public shareholding.
Bloomberg Quint | 14 Jan, 2025
Punjab & Sind Bank rejects Supertech Township Projects’ settlement proposal; NCLAT to decide on insolvency
- Punjab & Sind Bank has rejected Supertech Township Projects' settlement proposal.
- The National Company Law Appellate Tribunal (NCLAT) will decide on the insolvency.
- The appellant has been given one week's time to present their case and the matter is listed for the next hearing on January 23.
- Registered homebuyers and another group of homebuyers do not support the settlement proposal and insolvency, respectively.
HinduBusinessLine | 11 Jan, 2025
Punjab And Sind Bank Raises Rs 3,000 Crore Through Maiden Infrastructure Bond Issuance
- State-owned Punjab & Sind Bank raised Rs 3,000 crore through its first infrastructure bond issuance.
- The bank received bids totaling Rs 6,031 crore, exceeding the base issue size of Rs 500 crore.
- The 10-year bonds will be listed on the National Stock Exchange for trading as per RBI guidelines.
- Infrastructure bonds exempt from regulatory reserve requirements, allowing full proceeds for lending purposes.
Bloomberg Quint | 18 Dec, 2024
Punjab & Sind Bank Plans To Raise Rs 3,000 Crore Via Maiden Infrastructure Bonds This Month
- Punjab & Sind Bank plans to raise Rs 3,000 crore via maiden infrastructure bonds this month.
- The base issue size is Rs 500 crore with a greenshoe option of Rs 2,500 crore.
- The bonds have a tenure of 10 years and are rated as 'AA' by domestic rating agencies.
- The bank aims for a credit growth of 13-14% during the current financial year.
Bloomberg Quint | 12 Dec, 2024
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Government plans minority stake sale in 4 PSU banks, source says
- The finance ministry is likely to seek approval of the cabinet in the coming months to dilute the stake in 4 PSU banks - Central Bank of India, Indian Overseas Bank, UCO Bank, and Punjab and Sind Bank.
- The plan is to sell the stake through an offer for sale in the open market.
- The government's ownership in these banks ranges from 93% to 98.3%.
- Shares of the banks rose between 3% and 4% following the news.
HinduBusinessLine | 19 Nov, 2024
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Punjab & Sind Bank FAQs
When was Punjab & Sind Bank founded?
Punjab & Sind Bank was founded in 1908. The company has been operating for 117 years primarily in the Banking sector.
Where is the Punjab & Sind Bank headquarters located?
Punjab & Sind Bank is headquartered in New Delhi.
How many employees does Punjab & Sind Bank have in India?
Punjab & Sind Bank currently has more than 8,800+ employees in India. BFSI, Investments & Trading department appears to have the highest employee count in Punjab & Sind Bank based on the number of reviews submitted on AmbitionBox.
Does Punjab & Sind Bank have good work-life balance?
Punjab & Sind Bank has a work-life balance rating of 2.9 out of 5 based on 100+ employee reviews on AmbitionBox. 35% employees rated Punjab & Sind Bank 3 or below for work-life balance. This rating reflects a negative sentiment among employees for work-life balance. We encourage you to read Punjab & Sind Bank work-life balance reviews for more details
Is Punjab & Sind Bank good for career growth?
Career growth at Punjab & Sind Bank is rated as moderate, with a promotions and appraisal rating of 3.3. 35% employees rated Punjab & Sind Bank 3 or below, while 65% employees rated it 4 or above on promotions/appraisal. This rating suggests that while some employees view growth opportunities favorably, there is scope for improvement based on employee feedback. We recommend reading Punjab & Sind Bank promotions/appraisals reviews for more detailed insights.
What are the pros and cons of working in Punjab & Sind Bank?
Working at Punjab & Sind Bank comes with several advantages and disadvantages. It is highly rated for job security. However, it is poorly rated for work life balance, work satisfaction and company culture, based on 100+ employee reviews on AmbitionBox.
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