Punjab & Sinr Bank: A Case Study Of Punjab And Sind Bank
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It gives me deep pleasure in acknowledging the valuable effort extended to me by various personalities in completion of my project because every project needs inspiration, guidance and help at every step. For this, I would like to thank Dr. Lakhwinder Singh, Head of department, for giving me opportunity to work under Dr. Fulbagh Singh, Department of Commerce, Guru Nanak Dev University, Amritsar. I offer heartfelt gratitude to Dr. Fulbagh Singh for his keen interest, suggestions, extreme support and invaluable guidance during the course of this project. I am also thankful to respective respondents who in spite of their busy schedules extended to me their full…show more content… 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.
Setluj Gramin Bank is a sponsored bank by Punjab & Sind Bank.
Home Loan Products of PSB
Punjab & Sind Bank provides home loans for;
1. For Purchase of Plot
The loan shall be allowed only in the shape of term loan for a maximum tenure of 15 years
2. For Extension/Renovation/Repair
The loan shall be allowed only in the shape of term loan for a maximum tenure of 15years
3. For Purchase of buildup house/Construction House
Interest Rates for Home Loans Loan Amount Rate of Interest (p.a) Up to rs.30 lacs Base Rate (10.25%) + 0.25% =10.50% Above rs.30 lacs up to rs 75 lacs Base Rate (10.25%) + 0.50% = 10.75% Above rs.75lacs Base Rate (10.25%) + 0.75% = 11.00%
Punjab and Sind bank also provides a good facility of EMI Calculator for house loan for calculating EMI very easily.
For this just enter the principal amount, rate of interest and period and EMI is