Punjab & Sind Bank has reported steady growth across key business and balance sheet parameters for the quarter ended December 31, 2025, according to provisional figures disclosed in a regulatory filing. The state-run lender demonstrated strong performance with total business reaching ₹2.49 lakh crore, marking significant year-on-year expansion.

Strong Business Growth Momentum

The bank's total business stood at ₹2,49,691.00 crore as of December 31, 2025, representing a quarter-on-quarter growth of 3.49% and a robust year-on-year increase of 11.84%. This performance reflects the bank's continued focus on expanding its market presence and strengthening its position in the competitive banking sector.

Deposit Mobilization Shows Steady Progress

Total deposits rose to ₹1,39,203.00 crore at the end of December 2025, up 2.58% from the previous quarter and 9.27% higher than the corresponding period last year. The bank's deposit mobilization efforts have yielded positive results, indicating strong customer confidence and effective acquisition strategies.

CASA deposits increased to ₹43,182.00 crore, registering a 4.99% sequential growth and an 8.77% rise on a year-on-year basis. The CASA ratio improved to 31.02% as of December 31, 2025, compared with 30.31% in the preceding quarter, though it was slightly lower than the 31.16% recorded a year ago.

Robust Credit Growth Outpaces Deposits

Gross advances grew to ₹1,10,488.00 crore, reflecting a 4.66% quarter-on-quarter increase and an impressive 15.25% year-on-year growth. The higher growth rate in advances compared to deposits suggests active lending strategies and strong credit demand in the market.

The credit-deposit ratio improved significantly to 79.37% at the end of December 2025, from 77.79% in the preceding quarter and 75.25% in the corresponding period last year. This improvement indicates enhanced credit deployment efficiency and optimal utilization of deposit resources.

Market Performance and Regulatory Compliance

Shares of Punjab & Sind Bank closed at ₹27.91, up ₹0.22 or 0.79%, reflecting positive market sentiment towards the bank's performance. The provisional business figures were disclosed in accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency and regulatory compliance.

The reported performance demonstrates Punjab & Sind Bank's sustained growth trajectory across all core banking operations, with particularly strong momentum in lending activities supporting overall business expansion.

Punjab & Sind Bank has announced an Extraordinary General Meeting (EGM) scheduled for January 21, 2026, to seek shareholder approval for raising equity capital up to ₹3,000.00 crores through Qualified Institutional Placement (QIP). The meeting represents a significant step in the bank's capital enhancement strategy to meet regulatory requirements and support business growth.

Meeting Details and Schedule

The EGM will be conducted through Video Conferencing (VC) and Other Audio Visual Means (OAVM) on Wednesday, January 21, 2026, at 11:00 AM. The bank has established comprehensive timelines for shareholder participation and voting processes.

Business Agenda and Capital Raising Proposal

The primary agenda involves seeking shareholder approval for creating, offering, issuing, and allotting fresh equity shares with a face value of ₹10.00 each, up to an amount of ₹3,000.00 crores (including premium) through QIP. The proposal will be presented as a Special Resolution requiring shareholder consent.

The equity capital raising initiative aims to address multiple strategic objectives:

• Meeting growing capital requirements under Basel III Capital Regulations
• Complying with minimum public shareholding requirements
• Supporting general lending purposes and business expansion
• Improving the bank's Capital Adequacy ratio
• Funding general business needs in the evolving banking landscape

Regulatory Framework and Compliance

The proposed QIP will be conducted under Chapter VI of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018. The initiative requires compliance with various regulatory frameworks including the Banking Companies (Acquisition and Transfer of Undertakings) Act 1980, Banking Regulation Act 1949, and Punjab & Sind Bank (Shares and Meetings) Regulations 2008.

The bank has appointed M/s S. N. Ananthasubramanian & Co, Company Secretaries, as the scrutinizer to ensure fair and transparent e-voting processes. The scrutinizer will submit a consolidated report within 48 hours of the EGM conclusion.

Shareholder Participation and E-voting Process

Shareholders can participate through multiple channels, with the bank providing comprehensive e-voting facilities through Central Depository Services Limited (CDSL). The remote e-voting period spans from 10:00 AM on Saturday, January 17, 2026, to 5:00 PM on Tuesday, January 20, 2026.

Key participation guidelines include:

• Shareholders present during the EGM through VC/OAVM who haven't cast remote e-votes remain eligible for meeting-time voting
• Those who have already voted remotely can attend the meeting but cannot vote again
• The VC/OAVM facility will accommodate at least 1,000 members on a first-come, first-served basis
• Large shareholders, promoters, institutional investors, and key personnel have unrestricted meeting access

Strategic Rationale and Market Context

The capital raising initiative reflects Punjab & Sind Bank's proactive approach to strengthening its financial position amid evolving regulatory requirements and competitive market dynamics. The bank emphasizes the need for additional capital to support its growing business operations while maintaining compliance with Basel III norms and minimum public shareholding requirements.

The detailed terms and conditions for equity share issuance will be determined by the Board of Directors in consultation with merchant bankers, lead managers, and advisors, considering prevailing market conditions and relevant factors. The Board recommends shareholder approval for the Special Resolution, noting that no directors or key managerial personnel have interests beyond their existing shareholding in the bank.