Punjab & Sind Bank has announced a change in its Board of Directors with the retirement of Sh Shankar Lal Agarwal as Part-Time Non-Official Director. The retirement became effective on April 12, 2026, following the completion of his designated tenure.

Director Appointment and Tenure Details

Sh Shankar Lal Agarwal was initially appointed to serve as Part-Time Non-Official Director on the bank's Board for a period of one year. His appointment was formalized through a Government of India, Ministry of Finance, Department of Financial Services notification bearing reference number eF.No.6/1(viii)/2024-BO.I dated April 11, 2025.

Regulatory Compliance and Communication

The bank has fulfilled its regulatory obligations by informing both major stock exchanges about this board change. Company Secretary Saket Mehrotra signed the official communication addressed to BSE Limited and National Stock Exchange of India Ltd. The notification was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The formal communication was issued from the bank's Head Office Accounts & Audit Department (Shares Cell) located in East Kidwai Nagar, New Delhi. The bank maintains its listing on both exchanges with scrip code 533295 on BSE and symbol PSB on NSE.

Administrative Process

The retirement represents a routine completion of the director's appointed tenure rather than any unexpected departure. As a government undertaking, Punjab & Sind Bank's board appointments are typically made through official government notifications, ensuring proper regulatory oversight and compliance with banking sector governance requirements.

Punjab & Sind Bank has released its provisional business figures for the financial year ending March 31, 2026, showcasing strong performance across all major business parameters. The government-owned bank reported significant growth in its core banking metrics, reflecting improved operational efficiency and business expansion.

Strong Business Growth Performance

The bank's total business registered impressive growth of 14.98%, reaching ₹2,63,750 crore as of March 31, 2026, compared to ₹2,29,379 crore in the previous financial year. This substantial increase demonstrates the bank's ability to expand its market presence and customer base effectively.

Deposit Portfolio Expansion

The bank's deposit base showed healthy growth with total deposits increasing by 12.37% to ₹1,45,830 crore from ₹1,29,774 crore in FY25. The Current Account and Savings Account (CASA) deposits grew by 10.01% to ₹44,873 crore, compared to ₹40,790 crore in the previous year. However, the CASA ratio experienced a marginal decline to 30.77% from 31.43% in FY25.

Lending Portfolio Performance

Gross advances demonstrated robust growth of 18.39%, reaching ₹1,17,920 crore compared to ₹99,605 crore in FY25. This significant increase in lending indicates the bank's enhanced credit disbursement capabilities and improved market positioning in the lending segment.

Operational Efficiency Metrics

The credit-to-deposit (CD) ratio improved to 80.86% from 76.75% in the previous financial year, indicating better utilization of deposits for lending activities. This improvement reflects the bank's enhanced operational efficiency and strategic focus on optimizing its asset-liability management.

The provisional figures are subject to audit by the bank's Central Statutory Auditors. The disclosure was made in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the bank's fair disclosure practices for unpublished price-sensitive information.