Punjab & Sind Bank reported a 19.37% rise in gross advances to ₹1.26 lakh crore in Q2FY27, with total business growing 15.77% during the quarter.

Key business metrics in Q2FY27

The bank's performance in Q2FY27 reflects broad-based growth across its core lending and deposit franchise. The following table summarises the headline figures reported for the quarter:

What the numbers show

A 19.37% expansion in gross advances alongside a 15.77% rise in total business indicates that credit growth outpaced the overall business growth rate in Q2FY27, pointing to stronger momentum on the lending side relative to the aggregate book.

The bank's deposit base grew by 12.98% to ₹1.53 lakh crore, lagging behind the advance growth rate. This divergence resulted in an improvement in the Credit-Deposit (CD) ratio to 82.19% from 77.79% a year earlier, suggesting more efficient deployment of funds into loans.

Punjab & Sind Bank approved the establishment of a Medium-Term Note (MTN) Programme up to $1 billion to raise foreign currency funds. The decision was taken at a board meeting held on September 29, 2026, marking a significant expansion of the bank's funding base beyond domestic sources.

Regulatory compliance and filing details

The intimation regarding the outcome was submitted in compliance with Regulation 30 and Regulation 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The communication was addressed to both BSE Limited and the National Stock Exchange of India Ltd., ensuring transparency regarding the corporate action.

Meeting specifics

The Board of Directors meeting commenced at 2:30 pm and concluded at 4:30 pm on Tuesday, September 29, 2026. The primary agenda item was the approval for raising foreign currency funds through the issuance of bonds under the newly established MTN Programme. The document was signed by Saket Mehrotra, Company Secretary, on September 29, 2026.

What the Numbers Show

The approval for an MTN Programme of up to $1 billion provides Punjab & Sind Bank with a flexible framework to access international capital markets. Unlike a single bond issuance, an MTN programme allows the bank to issue notes in various tranches, maturities, and currencies over time, subject to the aggregate limit. This structure enables more efficient liability management by matching asset durations and optimizing cost of funds based on prevailing global interest rate conditions.