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SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the bank's fair disclosure practices for unpublished price-sensitive information.

Punjab & Sind Bank has announced significant changes in its senior management structure, appointing two experienced banking professionals to key leadership positions effective April 1, 2026. The appointments were disclosed under SEBI (LODR) Regulation 30 and 51, highlighting the bank's commitment to regulatory compliance and transparency.

New Leadership Appointments

The bank has made two strategic appointments to strengthen its senior management team:

Executive Profiles and Experience

Chief General Manager - Rajendra Kumar Raigar

Rajendra Kumar Raigar brings substantial banking expertise to his new role as Chief General Manager. His professional background includes:

General Manager - Rajiv Kumar Bansal

Rajiv Kumar Bansal's appointment as General Manager leverages his extensive experience in the banking sector:

Regulatory Compliance and Disclosure

The appointments were formally communicated to both BSE Limited and National Stock Exchange of India Ltd. in accordance with SEBI regulations. The bank confirmed that neither appointee has any relationship with the existing board of directors, ensuring independence in their new roles. The disclosure follows the requirements under SEBI (LODR) Regulations, 2015, and the SEBI circular dated September 9, 2015.

Strategic Implications

Both appointments represent internal promotions, reflecting the bank's strategy of nurturing talent from within the organization. The combined experience of over 65 years between the two executives provides continuity and deep institutional knowledge. Their CAIIB certifications and advanced educational qualifications position them well to navigate the evolving banking landscape and contribute to the bank's strategic objectives.