Punjab & Sind Bank. | Business Upturn

Punjab & Sind Bank Q4 Results: Net profit jumps 35% YoY to Rs 421.8 crore, NII falls 13%

Aman Shukla — Mon, 27 Apr 2026 13:38:37 +0000

Punjab & Sind Bank reported a strong rise in profitability for the fourth quarter, even as its core income showed signs of pressure. The public sector lender delivered a solid year-on-year (YoY) growth in net profit, supported by improved asset quality and controlled slippages.

Strong Profit Growth in Q4

The bank posted a net profit of ₹421.8 crore in Q4, marking a sharp 35% increase compared to ₹312.5 crore in the same quarter last year. This growth reflects better operational efficiency and improved recoveries during the quarter.

Net Interest Income Declines

Despite the rise in profit, Net Interest Income (NII) declined 13% YoY to ₹974.8 crore, down from ₹1,122 crore. The drop in NII indicates pressure on core lending margins, which remains a key concern for investors tracking the bank’s performance.

Asset Quality Shows Mixed Trends

Punjab & Sind Bank’s asset quality improved on a sequential basis in terms of gross NPAs. Gross Non-Performing Assets (NPAs) stood at 2.40%, improving from 2.60% in the previous quarter.

However, Net NPA slightly increased to 0.79% from 0.74% QoQ, indicating some stress at the net level.

In absolute terms:

Gross NPA declined to ₹2,830.7 crore from ₹2,870.8 crore QoQ
Net NPA rose to ₹919.19 crore from ₹795.93 crore QoQ

The bank’s performance reflects a mixed trend—strong earnings growth on one side and margin compression on the other—making future quarters crucial for sustained momentum.

Punjab & Sind Bank reports Rs 4,237.30 crore in outstanding bonds as of March 2026

Yash Agarwal — Mon, 13 Apr 2026 08:22:35 +0000

Punjab & Sind Bank has disclosed details of its outstanding bonds, amounting to a total of ₹4,237.30 crore as of 31 March 2026. The bank provided this information in compliance with the SEBI Operational Circular dated 10 August 2021, updated on 7 July 2023.

The bank’s outstanding bonds are spread across four different ISINs. The first ISIN, INE608A08017, was issued on 19 October 2016 and is set to mature on 19 October 2026. This bond has a coupon rate of 7.99% with an annual payment frequency, and the entire ₹500 crore issued remains outstanding.

The second ISIN, INE608A08033, was issued on 27 June 2019 and will mature on 26 October 2029. This bond carries a higher coupon rate of 9.50%, also with annual payments, and has an outstanding amount of ₹237.30 crore, which is the full amount issued.

Another bond, under ISIN INE608A08041, was issued on 4 November 2019 and is due to mature on 3 December 2029. It has a coupon rate of 8.67% with annual payment terms, and the total issued amount of ₹500 crore remains outstanding.

The largest issuance is under ISIN INE608A08058, issued on 20 December 2024, with a maturity date of 20 December 2034. This bond has a coupon rate of 7.74% and an annual payment frequency. The entire ₹3,000 crore issued is still outstanding.

The bank has confirmed that none of these bonds include any embedded options.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

This article is written by Yash Agarwal and reviewed by Aditya Bhagchandani before publication.

Punjab & Sind Bank reports 14.98% growth in total business for FY26

Arunika Jain — Thu, 02 Apr 2026 12:20:40 +0000

Punjab & Sind Bank has announced a provisional year-on-year growth of 14.98% in its total business for the financial year ending 31 March 2026. The bank’s total business reached ₹2,63,750 crore, compared to ₹2,29,379 crore in the previous year.

The bank also reported an increase in total deposits, which rose by 12.37% to ₹1,45,830 crore from ₹1,29,774 crore in the previous year. Current Account Savings Account (CASA) deposits saw a growth of 10.01%, amounting to ₹44,873 crore, up from ₹40,790 crore. However, the CASA percentage slightly decreased to 30.77% from 31.43% in the previous year.

Gross advances of the bank experienced a significant rise of 18.39%, reaching ₹1,17,920 crore compared to ₹99,605 crore in the previous year. The Credit-Deposit (CD) ratio also improved, standing at 80.86% as opposed to 76.75% in the previous year.

These provisional figures are subject to audit by the Central Statutory Auditors of the bank.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

This article is written by Arunika Jain and reviewed by Aditya Bhagchandani before publication.

Magellanic Cloud secures Rs 25 crore order from Punjab & Sind Bank

Arunika Jain — Tue, 24 Mar 2026 11:47:50 +0000

Magellanic Cloud Limited’s wholly owned subsidiary, Provigil Surveillance Limited, has secured a notable purchase order exceeding ₹25 crore from Punjab & Sind Bank. This significant order involves the deployment of advanced AI-enabled surveillance solutions across approximately 930 ATM/CRM sites, enhancing real-time monitoring, threat detection, and operational efficiency within the bank’s network.

The order is a strategic milestone for Magellanic Cloud, reinforcing the company’s growth trajectory and enhancing its visibility in the order book. It positions the company strongly for continued expansion in the surveillance and smart infrastructure domain, particularly within the banking and financial services sector.

The contract, awarded by a domestic entity, involves end-to-end implementation, installation, commissioning, and maintenance of integrated e-surveillance systems under an OPEX model for a duration of five years. This development marks a key milestone in strengthening the group’s presence in the fast-growing surveillance and security solutions segment.

Notably, none of the promoter or promoter group companies have any interest in the entity that awarded the contract, and the order does not fall within the purview of related party transactions.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

This article is written by Arunika Jain and reviewed by Aman Shukla before publication.

Punjab & Sind Bank shares jump over 2% as Q2 total business rises 12.3% YoY to Rs 2.41 lakh crore

Aman Shukla — Mon, 06 Oct 2025 03:57:45 +0000

Punjab & Sind Bank’s shares rose over 2% after the bank released its provisional business numbers for the quarter ending September 30, 2025, showing steady growth in both deposits and lending. As of 9:26 AM, the shares were trading 2.30% higher at Rs 30.63.

According to the update, the bank’s total business reached ₹2,41,450 crore as of September 30, up from ₹2,31,132 crore in June 2025 and ₹2,15,057 crore a year ago. This reflects a healthy 4.46% growth compared to the previous quarter and a robust 12.27% increase year-on-year.

Deposits also showed positive momentum, rising to ₹1,35,708 crore in Q2 FY26 from ₹1,31,182 crore in the previous quarter and ₹1,24,025 crore in Q2 FY25. This translates to a 3.45% quarterly growth and 9.42% annual growth. CASA (Current Account and Savings Account) deposits, which form the low-cost portion of the bank’s funding, increased to ₹41,130 crore, keeping the CASA ratio stable at around 30%.

On the lending side, gross advances climbed to ₹1,05,742 crore, up from ₹99,950 crore in June 2025 and ₹91,032 crore in September 2024, marking a 5.79% quarterly growth and an impressive 16.16% growth over the year. The bank’s credit-to-deposit ratio improved to 77.92%, reflecting a balanced growth in lending relative to deposits.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.

Punjab & Sind Bank Q2 Business Update: Total business rises 12.3% YoY to Rs 2.41 lakh crore, deposits up 9.42%

Aman Shukla — Sat, 04 Oct 2025 11:28:25 +0000

Punjab & Sind Bank has released its provisional business figures for the quarter ended September 30, 2025, showcasing steady growth in both deposits and advances.

As per the disclosure, the bank’s total business stood at ₹2,41,450 crore as of September 30, 2025, compared to ₹2,31,132 crore as of June 30, 2025, and ₹2,15,057 crore a year ago on September 30, 2024. This translates to a quarter-on-quarter (QoQ) growth of 4.46% and a year-on-year (YoY) growth of 12.27%.

Total deposits rose to ₹1,35,708 crore in Q2 FY26, up from ₹1,31,182 crore in Q1 FY26 and ₹1,24,025 crore in Q2 FY25, registering a QoQ growth of 3.45% and YoY growth of 9.42%. Within this, CASA deposits (Current Account and Savings Account) increased to ₹41,130 crore from ₹40,133 crore in the previous quarter and ₹37,744 crore in the same period last year. The CASA ratio stood at 30.31%, slightly lower than 30.59% in June 2025 and 30.43% in September 2024, indicating a stable low-cost deposit base.

On the advances front, gross advances reached ₹1,05,742 crore, compared to ₹99,950 crore in the June quarter and ₹91,032 crore in the year-ago period, showing a 5.79% QoQ growth and an impressive 16.16% YoY growth. The credit-deposit (CD) ratio improved to 77.92%, up from 76.19% in June 2025 and 73.40% a year earlier.

Punjab & Sind Bank shares surge nearly 7% after bank reports 146.7% YoY surge in Net Profit

Aditya Bhagchandani — Thu, 16 Jan 2025 03:50:07 +0000

Punjab & Sind Bank announced its Q3 FY25 financial results, which highlighted robust growth in profitability and significant improvement in asset quality. Here are the key takeaways:

Financial Highlights:

Net Profit: ₹282 crore, up 146.7% YoY from ₹114.3 crore in Q3 FY24, showcasing strong operational efficiency.
Net Interest Income (NII): ₹938.7 crore, a 27% YoY growth from ₹739.2 crore in the same period last year, driven by higher interest income and controlled costs.

Asset Quality Improvements:

Gross NPA: Improved to 3.83%, down from 4.21% in the previous quarter (QoQ), reflecting better recoveries and reduced slippages.
Net NPA: Declined to 1.25%, compared to 1.46% (QoQ), indicating effective loan management.

Market Reaction:

The stock rose nearly 7% to trade at ₹49.35, driven by the strong financial performance and improved asset quality.

Punjab & Sind Bank’s robust Q3 FY25 performance underscores its focus on strengthening its financial metrics and operational efficiency.

Punjab & Sind Bank to raise Rs 2,000 crore via QIP

Aditya Bhagchandani — Sun, 30 Jun 2024 10:29:45 +0000

State-owned Punjab & Sind Bank is gearing up to raise Rs 2,000 crore in the latter half of this fiscal year. The bank plans to use Qualified Institutional Placement (QIP) to fund its business growth.

The bank’s managing director and CEO, Swarup Kumar Saha, shared that the board has given its approval for this move. He expects merchant bankers to be on board by August. The fundraising could happen in the second or third quarter, depending on market conditions.

This QIP will help boost the bank’s Capital Adequacy Ratio, which stood at 17.10% at the end of March 2024. It will also reduce the government’s stake in the bank, which currently stands at 98.25%.

Looking ahead, the bank aims for 12-14% growth in its asset book this financial year. The retail, agriculture and MSME sectors are expected to see a growth of 15-18%. On the deposit front, the bank anticipates 8-10% growth.

Punjab & Sind Bank is also focusing on improving customer satisfaction. They’re transforming 50 branches into model or smart branches and have introduced new offerings like the PSB Pink debit card for women and demat services through partner Fisdom.

The bank has also launched digital services through its PSB UNiC App. These include video KYC for opening savings accounts, bulk NEFT/RTGS transfers and access to free credit scores.

Saha emphasized that these initiatives reflect the bank’s commitment to making a positive impact on society and creating a more sustainable future for all.

Punjab & Sind Bank profit jumps 115 pc in Q4

United News of India (UNI) — Thu, 19 May 2022 12:59:33 +0000

New Delhi, May 19: State-owned Punjab & Sind Bank on Thursday reported 115% jump in net profit to Rs 346.10 crore for the quarter ending March 2022 as against Rs 160.80 crore in the corresponding period of the previous financial year. The public sector lender clocked total revenue of Rs 2007.90 crore in the January-March quarter of FY22. As compared to Rs 1951.13 crore in the same period a year ago. The bank’s asset quality improved in the March quarter.

During the January-March quarter, the bank reported gross non-performing assets (NPA) of Rs 8,564.82 crore showing significant improvement compared to Rs 9,635.75 crore in previous quarter. In Q4FY21, the gross NPA was to the tune of Rs 9,334 crore. Gross NPA as percentage of gross advances stood at 12.17% in Q4FY22 as compared to 14.44% in the previous quarter (Q3). In Q4FY21, it was 13.76%. For the full financial year (2021-22), the bank reported net profit of Rs 1,039.05 crore as against net loss of Rs 2,732.90 crore in FY21. Total income during this period stood at Rs 8,055.19 crore as compared to Rs 7,877.53 crore in financial year 2020-21.

Rs 25,000 crore may be set aside for PSBs in Budget 2021

Ruchira Sonawat — Wed, 20 Jan 2021 07:18:31 +0000

A budget of about Rs 25,000 crore may set aside for providing capital to state-run banks in FY22 by the government, Economic Times reported.

The finance ministry has sought details from lenders on capital requirements, estimated bad loans and plans to raise funds. The final capitalisation amount will be decided after these discussions. In the budget for FY21, the government had not provided any funds for bank recapitalisation but later earmarked 20,000 crore for this through a supplementary demand.

“While various proposals including a bad bank are being discussed, an assessment is being done on the capital requirements for banks. These are some projections which may vary depending on various factors such as the banks’ plan to raise capital and spike in bad loans,” a government official said.

This amount may also vary on how further ahead the government can divest its stake in some lenders said the government official.

A consultant will soon be appointed for minority and strategic stake sale in state-owned banking and insurance companies. Between FY18 and FY20, the government infused 2.65 lakh crore into public sector banks (PSBs). Their health has improved since then, but there could be a reversal if nonperforming assets (NPAs) rise due to COVID-19 related stress.

Four state-run banks are still under the RBI’s prompt corrective action (PCA) framework and may require further capital support. This fiscal, the government has so far infused 5,500 crore into Punjab & Sind Bank.

“Banks are also internally computing their non-performing loans irrespective of the apex court guidelines. We have already shared our requirements based on credit growth projections,” said a senior executive at a state-run lender.