Punjab & Sind Bank has reported strong growth in its Q2 performance, with total business reaching ₹2,41,450 crores, marking a significant year-on-year increase of 12.3% and a quarter-on-quarter growth of 4.5%. The bank's latest financial figures demonstrate its resilience and continued expansion in the banking sector.

Key Highlights

Deposit and CASA Growth

The bank's total deposits reached ₹1,35,708 crores, showcasing a robust 9.4% year-on-year increase and a 3.5% quarter-on-quarter growth. This growth in deposits indicates increasing customer trust and the bank's ability to attract funds effectively.

Current Account and Savings Account (CASA) deposits, a crucial indicator of a bank's low-cost funding, grew to ₹41,130 crores. This represents an 8.97% year-on-year increase and a 2.48% quarter-on-quarter growth. The CASA ratio stood at 30.31% for Q2, slightly lower than the 30.59% recorded in the previous quarter but maintaining stability compared to 30.43% in the same quarter last year.

Advances and Credit-Deposit Ratio

Punjab & Sind Bank's gross advances witnessed a substantial growth of 16.16% year-on-year, reaching ₹1,05,742 crores. The quarter-on-quarter growth in advances was also impressive at 5.79%, indicating strong credit demand and the bank's aggressive lending strategy.

The Credit-Deposit (CD) ratio improved to 77.92% in Q2, up from 76.19% in the previous quarter and 73.40% in the same quarter last year. This increase suggests that the bank is efficiently utilizing its deposits to generate credit and potentially higher interest income.

Conclusion

Punjab & Sind Bank's Q2 performance demonstrates robust growth across key financial parameters. The significant increase in total business, coupled with strong growth in deposits and advances, indicates the bank's expanding market presence and effective operational strategies. As the banking sector continues to evolve, Punjab & Sind Bank's performance positions it well for sustained growth and competitiveness in the market.

Note: The figures for Q2 are provisional and subject to review by the Central Statutory Auditors of the Bank.

Punjab & Sind Bank , a prominent public sector bank, successfully conducted its 15th Annual General Meeting (AGM) on August 5, 2025, via video conferencing. The meeting, which saw the participation of 62 shareholders, marked several important decisions and approvals for the bank's future direction.

Dividend Declaration

One of the key highlights of the AGM was the approval of a dividend for the financial year 2024-25. Shareholders gave their nod to a dividend of Rs. 0.07 per equity share, representing 0.70% of the face value. The bank has committed to disbursing the dividend within 30 days to eligible shareholders on record as of July 29, 2025.

Financial Statements Adoption

The shareholders discussed and adopted the audited financial statements for the year ended March 31, 2025. This included the balance sheet, profit and loss account, along with the reports from the Board of Directors and auditors.

Key Appointments and Reappointments

Several crucial appointments were approved during the meeting:

1. Rajeeva was appointed as an Executive Director of the bank.
2. Vivek Srivastava secured his position as the RBI Nominee Director.
3. Shankar Lal Agarwal was reappointed as a Part-time Non-Official Director.
4. Swarup Kumar Saha's tenure as Managing Director & CEO was extended.

Secretarial Auditor Appointment

In a move to ensure continued compliance and transparency, the AGM approved the appointment of R S Kathuria & Co as the bank's Secretarial Auditor. This appointment is for a five-year term, covering the financial years 2025-26 to 2029-30.

Voting Results

All resolutions presented at the AGM received overwhelming support from the shareholders. The voting results, as reported by the scrutinizer, showed approval rates exceeding 99% for all items on the agenda.

The strong shareholder support across all resolutions reflects confidence in the bank's management and strategic direction.

Punjab & Sind Bank's 15th AGM concluded successfully, setting the stage for the bank's operations and governance in the coming year. The approvals of key appointments and financial decisions demonstrate the institution's commitment to growth and regulatory compliance in the dynamic banking sector.