Punjab & Sind Bank
29.89
-0.46(-1.52%)
Market Cap₹21,208.70 Cr
PE Ratio18.63
IndustryBanks
Company Performance:
1D-1.52%
1M-2.92%
6M-2.83%
1Y-35.53%
5Y+139.12%
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More news about Punjab & Sind Bank
05Aug 25
Punjab & Sind Bank Holds 15th AGM, Approves Dividend and Key Appointments
Punjab & Sind Bank held its 15th Annual General Meeting on August 5, 2025, via video conferencing. Shareholders approved a dividend of Rs. 0.07 per equity share for FY 2024-25. The meeting saw the adoption of audited financial statements and approval of several key appointments, including Rajeeva as Executive Director and Vivek Srivastava as RBI Nominee Director. Swarup Kumar Saha's tenure as Managing Director & CEO was extended. R S Kathuria & Co was appointed as the Secretarial Auditor for a five-year term. All resolutions received over 99% approval from shareholders.
29Jul 25
Punjab & Sind Bank Detects Suspected Money Mule Transactions, Confirms No Material Impact
Punjab & Sind Bank (PSB) has identified suspected money mule transactions during routine surveillance at one of its branches. The bank promptly reported these instances to relevant authorities. PSB assures that these transactions have no material impact on its financial position or operations. The bank's Company Secretary, Saket Mehrotra, emphasized their proactive approach in monitoring and reporting such activities, demonstrating commitment to transparency and compliance.
29Jul 25
Punjab & Sind Bank Reports Strong Q1 Results with 70% Jump in Operating Profit
Punjab & Sind Bank (PSB) announced impressive Q1 financial results, with operating profit up 70.35% to Rs. 540.00 crore and net profit increasing 47.80% to Rs. 269.00 crore. Total business grew 10.94% to Rs. 2,31,132.00 crore. Asset quality improved with Gross NPA ratio at 3.34% and Net NPA at 0.91%. The bank maintained a strong capital adequacy ratio of 17.90% and saw significant growth in RAM advances, especially retail credit at 29.00%. PSB launched digital lending products and plans to expand its network with new branches and Business Correspondents.
22Jul 25
Punjab & Sind Bank Publishes Q1 FY26 Financial Results
Punjab & Sind Bank has published its reviewed unaudited financial results for Q1 FY2025-26 ending June 30, 2025. The results were approved by the Board on July 19, 2025, and published in major newspapers on July 20, 2025. The bank officially communicated this to BSE and NSE on July 21, 2025, through a letter from Company Secretary Saket Mehrotra, enclosing copies of the newspaper publications.
20Jul 25
Punjab & Sind Bank Reports Improved Asset Quality in Q1 FY26
Punjab & Sind Bank's Q1 FY26 results show significant improvement in asset quality with fresh slippages decreasing to 2.00 billion rupees. The bank's GNPA ratio declined to 3.34% and Net NPA to 0.91%. Financial performance was robust with a 47.80% increase in net profit to 269.00 crore rupees and 10.94% growth in total business. Key ratios improved, including Return on Assets at 0.67% and Return on Equity at 9.67%. The bank saw growth in deposits, advances, and digital transactions. For FY26, the bank targets 8-10% deposit growth, 15-16% advances growth, and further reduction in NPAs.
19Jul 25
Punjab & Sind Bank Reports Robust Q1 Performance with 50% Profit Surge and Improved Asset Quality
Punjab & Sind Bank's Q1 FY2026 results show significant growth with net profit rising 50% to ₹270.00 crore. Revenue increased by 9.4% to ₹2,900.00 crore. The bank's asset quality improved markedly, with provisions for NPAs dropping 92.9% to ₹22.70 crore. Gross NPA ratio decreased to 3.34% from 3.38%, while net NPA ratio fell to 0.91% from 0.96%. The bank maintained a strong Capital Adequacy Ratio of 15.98% and achieved a Return on Assets of 0.67%.
03Jul 25
Punjab & Sind Bank Reports Double-Digit Growth in Gross Advances
Punjab & Sind Bank, a public sector bank in India, has announced significant growth in its key financial metrics for the period ending June 30. The bank's gross advances increased by 13.91%, indicating a robust uptick in lending activities. Total deposits also rose by 8.78%, suggesting growing customer trust and improved fund attraction. This simultaneous growth in both advances and deposits points to expanded business operations, an improved liquidity position, and potential for increased revenue growth.
03Jul 25
Punjab & Sind Bank Reports 10.9% Growth in Total Business for Q1
Punjab & Sind Bank has shown robust growth in Q1, with total business increasing by 10.9% year-on-year to ₹2.31 lakh crore. Gross advances rose by 13.9% to ₹99,946.00 crore, nearing the ₹1 lakh crore milestone. Deposits grew by 8.8% to ₹1.31 lakh crore. The bank's credit-deposit ratio improved to 76.19%, indicating efficient use of deposits for lending activities.
02Jun 25
Punjab & Sind Bank CEO Swarup Kumar Saha's Tenure Extended Until 2027
The government has extended Swarup Kumar Saha's tenure as Managing Director and CEO of Punjab & Sind Bank until February 28, 2027, or until further notice. This extension surpasses his initial three-year term, which was set to end on June 2, 2025. The move ensures leadership stability, policy continuity, and allows for long-term planning at the bank.
30Apr 25
Punjab & Sind Bank Reports Strong Q4 and FY25 Performance with 125% Surge in Net Profit
Punjab & Sind Bank (PSB) has reported exceptional financial results for Q4 and FY 2024-25. Net profit for Q4 FY25 increased by 125.18% to ₹313.00 crore, while full-year profit grew by 70.76% to ₹1,016.00 crore. Operating profit, Net Interest Income, and Net Interest Margin all showed significant improvements. The bank's asset quality enhanced with reduced GNPA and NNPA ratios, and improved Provision Coverage Ratio. Total business grew by 11.69%, with advances increasing by 15.87%. The bank's efficiency improved with a lower Cost to Income Ratio, and it maintains a strong Capital Adequacy Ratio of 17.41%. A dividend of ₹0.07 per equity share has been recommended.
29Apr 25
Punjab & Sind Bank Reports Robust Q4 Performance with 125% Surge in Net Profit and Improved Asset Quality
Punjab & Sind Bank announced impressive Q4 FY25 results with a 125.18% YoY increase in net profit to ₹313.00 crore. Operating profit grew by 142.86% to ₹816.00 crore. Net Interest Margin improved by 87 basis points to 3.19%. The bank saw significant business growth with total business up 11.69% and total advances increasing by 15.87%. Asset quality improved with GNPA ratio decreasing to 3.38% and NNPA ratio to 0.96%. The bank successfully raised ₹1,219.39 crore through QIP and recommended a dividend of ₹0.07 per share.
03Apr 25
Punjab & Sind Bank Achieves Milestone: Gross Advances Cross ₹1 Trillion Mark
Punjab & Sind Bank reported significant growth for the financial year ending March 31, 2025. Gross advances crossed ₹1 trillion, reaching ₹1,00,051.00 crore with a 16.39% year-over-year increase. Total deposits grew by 8.68% to ₹1,29,780.00 crore. The bank's total business increased by 11.91% to ₹2,29,831.00 crore. The credit-deposit ratio improved from 71.99% to 77.09%, indicating more efficient conversion of deposits into loans.
02Apr 25
Punjab & Sind Bank Achieves Milestone: Gross Advances Cross ₹1 Trillion Mark
Punjab & Sind Bank achieved significant growth in FY 2024-25, with gross advances crossing ₹1 trillion, marking a 16.39% increase to ₹1,00,051.00 crore. Total deposits rose by 8.68% to ₹1,29,780.00 crore, while total business grew by 11.91% to ₹2,29,831.00 crore. CASA deposits increased by 5.39% to ₹40,796.00 crore, though the CASA ratio slightly decreased. The bank's Credit-Deposit ratio improved from 71.99% to 77.09%, indicating efficient utilization of deposits for lending.
28Mar 25
Punjab & Sind Bank Raises ₹1,219 Crore Through QIP, Sets Issue Price at ₹38.37 per Share
Punjab & Sind Bank successfully completed a Qualified Institutional Placement (QIP), raising ₹1,219.39 crore by issuing 31,77,98,773 equity shares at ₹38.37 per share. The QIP, which ran from March 24-27, 2025, was priced at a 4.98% discount to the floor price. This capital raise has increased the bank's paid-up equity share capital from ₹6,777.78 crore to ₹7,095.59 crore, with the total number of equity shares rising to 7,095,585,220.
27Mar 25
Punjab & Sind Bank Concludes QIP, Sets Issue Price at ₹38.37 per Share
Punjab & Sind Bank has closed its Qualified Institutional Placement (QIP) with an issue price of ₹38.37 per equity share. The QIP closed on March 27, 2025, offering a 4.98% discount to the floor price of ₹40.38. The issue price includes a premium of ₹28.37 over the face value of ₹10 per share. This capital-raising effort aims to strengthen the bank's financial position and support future growth initiatives.
25Mar 25
Punjab & Sind Bank Launches Qualified Institutions Placement with Rs 40.38 Floor Price
Punjab & Sind Bank has initiated a Qualified Institutions Placement (QIP) to strengthen its capital base. The QIP opened on March 24, 2025, with a floor price set at Rs 40.38 per equity share. The bank may offer up to a 5% discount on the floor price. This move follows regulatory approvals from the Board of Directors and shareholders, and is expected to attract institutional investors and potentially improve the bank's capital adequacy ratio.
24Mar 25
Punjab & Sind Bank Launches Qualified Institutions Placement with ₹40.38 Floor Price
Punjab & Sind Bank, a public sector bank in India, has initiated a Qualified Institutions Placement (QIP) issue set to open on March 24, 2025. The bank has set the floor price at ₹40.38 per equity share, with a potential discount of up to 5%. This decision follows approvals from the Board of Directors and shareholders, aiming to bolster the bank's capital adequacy and support future growth plans.
11Mar 25
ICRA Reaffirms Punjab & Sind Bank's Certificate of Deposits Rating at A1+
ICRA has reaffirmed Punjab & Sind Bank's A1+ rating for its Certificate of Deposits programme, with a current rated amount of Rs. 15,000 crore. The rating reflects PSB's strong capitalization, improved solvency, established presence in North India, government support, and adequate liquidity. Key strengths include a CET I ratio of 14.04% and an LCR of 133.99% as of December 31, 2024. However, the bank needs to address asset quality issues, improve core operating profitability, and enhance its CASA ratio, which stands at 31.2%, below the public sector banks' average.
10Mar 25
ICRA Reaffirms Punjab & Sind Bank's Certificate of Deposits Rating at A1+
ICRA has reaffirmed Punjab & Sind Bank's Certificate of Deposits rating at A1+ for Rs. 15,000 crore worth of deposits. The rating is supported by the bank's strong capitalization (CET I ratio of 14.04% and CRAR of 15.95%), improving asset quality (GNPA ratio of 3.83%), government support (98.25% ownership), established presence, and adequate liquidity (LCR of 133.99%). However, challenges remain in asset quality monitoring, profitability, and cost of funds. For 9M FY2025, the bank reported a profit after tax of Rs. 703 crore and total assets of Rs. 1,54,708 crore.
Punjab & Sind Bank
29.89
-0.46
(-1.52%)
1 Year Returns:-35.53%
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