Friday, Jan 2: Shares of Punjab & Sind Bank gained over 2% in early trade on Friday after the public sector lender reported steady growth across key business metrics for the December quarter.
The bank’s total business rose 3.49% sequentially and increased 11.84% year-on-year to Rs 2.49 lakh crore, reflecting continued balance-sheet expansion. Total deposits climbed 2.58% quarter-on-quarter to Rs 1.39 lakh crore, while registering a 9.27% YoY increase, broadly in line with the bank’s guidance of 8–10% deposit growth.
On the lending front, gross advances jumped 4.66% sequentially and 15.25% year-on-year to Rs 1.10 lakh crore. The loan growth of 15.2% YoY remained within the lender’s stated guidance range of 15–16%, indicating stable credit demand.
Despite Friday’s uptick, Punjab & Sind Bank shares are down nearly 43% over the past 12 months, reflecting prolonged investor caution. Market participants continue to flag the stock’s limited free float, as the Government of India holds over 90% stake, which restricts trading liquidity and often amplifies price volatility.
At around 9:07 am, Punjab & Sind Bank shares were trading at Rs 28.61, up over 2% on the NSE.
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