Punjab & Sind Bank has announced its provisional business figures for Q3FY26, demonstrating strong performance across key banking metrics. The bank reported total business of ₹2.50 trillion as of December 31, 2025, marking an 11.84% year-on-year growth and 3.49% quarter-on-quarter expansion.

Strong Deposit Performance with Steady Growth

The bank's deposit mobilization efforts have yielded positive results, with total deposits reaching ₹1.39 trillion as of December 31, 2025. This represents a yearly growth of 9.27% and quarterly growth of 2.58%, indicating strong customer confidence and effective deposit acquisition strategies.

Robust Lending Portfolio Growth

Punjab & Sind Bank's lending activities have shown remarkable performance, with gross advances totaling ₹1.10 trillion. The bank achieved an impressive yearly growth rate of 15.25% and quarterly growth of 4.66% in its advance portfolio, significantly outpacing the deposit growth rate. The Credit-to-Deposit (CD) ratio improved to 79.37% from 77.79% in the previous quarter.

Comprehensive Business Performance Analysis

The bank's performance metrics reveal a healthy balance between deposit mobilization and lending activities. The higher growth rate in advances compared to deposits suggests active lending strategies and strong credit demand.

Regulatory Compliance and Disclosure

The provisional figures were disclosed in accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information. Company Secretary Saket Mehrotra signed the disclosure, noting that the provisional figures are subject to audit by the Central Statutory Auditors of the Bank.

The reported performance demonstrates Punjab & Sind Bank's continued focus on expanding its market presence and strengthening its position in the competitive banking sector through sustained growth across all core banking operations.

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.