PSB FULL FORM - SSC NOTES PDF

PSB FULL FORM

PSB FULL FORM

Full Form of PSB : The full form of PSB is Punjab & Sind Bank

What is the full form of PSB?

No:1. The full form of PSB is Punjab & Sind Bank.
No:2. PSB is a bank owned by the government and its headquarter is situated in New Delhi.
No:3. Overall, the bank has 1559 branches that are widely distributed across India, where its 623 are in the state of Punjab.

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A Brief History of PSB

No:1. PSB was founded by Sir Sunder Singh Majitha, Bhai Vir Singh & Sardar Tarlochan Singh on 24 June 1908.
No:2. PSB was one of the six banks nationalized by the Indian government on 15 April 1980 in the second wave of nationalizations.
No:3. PSB formed a branch in London in the 1960s.
No:4. In 1991, at the behest of the RBI, Bank of Baroda purchased the PSB London branch after the involvement of Punjab & Sind in the Sethia fraud in 1987.
No:5. Punjab & Sind clearly shows the growth of more than 40% every year since 2004, and its latest IPO has been oversubscribed more than 50 times.
No:6. The bank recently reached a mark in the business of Rs 1.60 lac crore.
No:7. A Regional Rural Bank funded by Punjab & Sind Bank was Sutlej Gramin Bank.

Another Full form of PSB

No:1. PSB also stands for Public sector banks.
No:2. Public Sector Banks (PSBs) are a major type of bank in India, where a majority stake (i.e. more than 50%) is held by the Ministry of Finance of the Government of India or Ministry of Finance of various State governments of India.
No:3. The officers working in these entities are gazetted officers.
No:4. The shares of these banks are listed on stock exchanges.

Central Public Sector Banks

No:1. Nationalised Banks (Government Shareholding %, as of 1st January 2021)
No:2. State Bank of India (61.00%)
No:3. Punjab National Bank (85.59%)
No:4. Bank of Baroda (71.60%)
No:5. Canara Bank (78.52%)
No:6. Union Bank of India (89.07%)
No:7. Indian Bank (88.06%)
No:8. Bank of India (89.10%)
No:9. Central Bank of India (92.39%)
No:10. Indian Overseas Bank (95.84%)
No:11. UCO Bank (94.39%)
No:12. Bank of Maharashtra (92.49%)
No:13. Punjab and Sind Bank (83.06%)
MUST READ : UCO FULL FORM

No.-1. Download 15000 One Liner Question Answers PDF

No.-2. Free Download 25000 MCQ Question Answers PDF

No.-3. Complete Static GK with Video MCQ Quiz PDF Download

No.-4. Download 1800+ Exam Wise Mock Test PDF

No.-5. Exam Wise Complete PDF Notes According Syllabus

No.-6. Last One Year Current Affairs PDF Download

No.-7. Join Our Whatsapp Group

No.-8. Join Our Telegram Group

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