Amritsar, historically remembered as Ramdaspur or Ambarsar, is a city in the north Indian state of Punjab. Rivers Beas and Ravi, distributaries of the great Indus River, flow through two edges of this city. It is esteemed as a holy place by the Sikh community as it hosts the famous Golden Temple. It is an extremely busy and one of the most visited shrines in India, which attracts devotees as well as visitors from India and abroad. Apart from the Golden Temple, a few other notable tourist attractions in the vicinity of the city include Jallianwala Bagh, Akal Takht and Durgiana Temple. The daily ritual at the Wagah border is also attended by thousands of visitors every day. The Ram Teerath Ashram at Amritsar is also frequented by many Hindu devotees. It is believed to be the Ashram of Maharishi Valmiki, who had written the epic of Ramayana. Tourism greatly contributes to the Amritsars economy. Several small-scale and light-engineering industries also thrive in this area. Handicrafts like carpets and fabrics as well as farm products also contribute to the economy of the city. Amritsar is a residential as well as a commercial hub. There are many exciting spots for shopping and recreation in and around the city. The delicious Punjabi cuisine is also worth mentioning at this juncture. With numerous reputed academic institutions and all the modern amenities needed for a comfortable life, Amritsar is not only the global heart of the Sikh religion but also a lovely place to live in.
The government owns Punjab & Sind Bank, and it is based in New Delhi. Its 623 offices are in Punjab state out of 1554 branches spread all over India. On 24 June 1908, the Punjab & Sind Bank was founded by Sir Sunder Singh, MajithaBhai Vir Singh, and Sardar Tarlochan Singh. The Government of India nationalized the Punjab National Bank on 15 April 1980 along with other six banks in the second wave of nationalizations. The first nationalization had been in 1969 when the government nationalized the top 14 banks. The Punjab & Sind Bank established a branch in London in the 1960s. In 1991 the London branch was acquired by the Bank of Baroda at the order of the Reserve Bank of India due to Punjab & Sinds involvement in the Sethia fraud in 1987. The Punjab & Sind has shown growth of over 40% year on year since 2004, and its IPO was put over the top by more than 50 times recently. In business, the bank crossed a mark of Rs 1 lac crore. The Punjab & Sind Bank sponsored a regional rural bank known as Sutlej Gramin Bank. The products of Punjab and Sind bank includes Debit Card, ATM, Internet Banking, Mobile Banking, SMS Banking, BHIM, UPI, POS Machine, AADHAR PAY, BHARAT QR