Punjab & Sind Bank

Bouyed by better-than-expected recovery in the first quarter, Punjab & Sind Bank expects to surpass the target of Rs 1,000 crore in the current fiscal. During the first quarter, total recovery was Rs 366 crore compared to Rs 350 crore in the same period a year ago. "We will be able to do much better than our guidance on recovery for the current financial year given our huge focus on NPAs reduction," Punjab & Sind Bank MD and CEO Swarup Kumar Saha told PTI in an interview. There are a lot of inventories on which the bank can depend for recovery, he said. Besides, he said, the bank has given a lot of focus on upgradation of old non-performing assets (NPAs) accounts. The bank is undertaking various actions, including One Time Settlement, action under Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, and Insolvency and Bankruptcy Code, he said. "So, overall we created a mechanism so that not a single rupee goes to waste for the bank ...

Expect govt to also undertake minority stake sale in bank this year

Public sector lender Punjab & Sind Bank on Saturday reported a 23 per cent rise in net profit to Rs 331 crore during the June quarter, aided by improvement in core income and decline in bad debts. The lender had earned a net profit of Rs 269 crore in the same quarter of the previous fiscal year. The total income increased to Rs 3,546 crore during the June quarter from Rs 3,379 crore in the same quarter of the previous fiscal year, Punjab & Sind Bank said in a regulatory filing. Interest earned by the bank improved to Rs 3,213 crore compared to Rs 2,911 crore in the June quarter of FY26. The bank's net interest income also increased 15 per cent to Rs 1,038 crore from Rs 900 crore in the same quarter in the previous financial year. Net interest margin was at 2.53 per cent at the end of the quarter under review. During the period, the operating profit of the bank increased marginally to Rs 545 crore compared to Rs 540 crore a year ago. The bank's asset quality showed improvement .

State-owned lender Punjab & Sind Bank intends to achieve a milestone total business of Rs 3 lakh crore by end of the ongoing financial year helped by loan growth. "We have achieved total business of Rs 2.63 lakh crore in FY26, registering a growth of 15 per cent and hope to cross Rs 3 lakh crore during the current financial year," Punjab & Sind Bank MD and CEO Swarup Kumar Saha told PTI. The bank is expecting a credit growth of 16-18 per cent and deposit expansion of 13-14 per cent in the ongoing financial year, he said. With this kind of credit and deposit growth, he said, the bank can surpass Rs 3 lakh crore business mix, which is total of advances and deposits. To meet the credit expansion, the bank is also planning to raise resources from both equity and debt. Punjab & Sind Bank is eying to mobilise up to Rs 3,000 crore via share sale on a private placement basis in a bid to meet the minimum public shareholding (MPS) norms of market regulator Sebi. As per Sebi norms, ..

He said net interest margins have bottomed out and will increase in the current financial year

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The public sector bank's total business in Q3 grew 11.84 per cent to ₹2,49,691 crore, as compared to ₹2,23,267 crore a year ago

The board in its meeting on Thursday also approved raising funds of ₹3,000 crore in the form of long-term infrastructure bonds in one or more tranches by March 2027

Technical charts flag up to 22% downside risk for PSU bank shares such as Indian Overseas Bank, Uco Bank, Central Bank of India and Punjab & Sind Bank as government stake sale buzz looms.

State-owned UCO Bank has reported a 16.6 per cent growth in credit to Rs 2.31 lakh crore for the second quarter of FY26. Its total advances were Rs 1.98 lakh crore at the end of September 30, 2024, UCO Bank said in a regulatory filing. The Kolkata-based lender reported a 10.8 per cent increase in total deposits to Rs 3.06 lakh crore against Rs 2.76 lakh crore at the end of the second quarter of the previous financial year. The bank's total business rose by 13.2 per cent to Rs 5.37 lakh crore from Rs 4.74 lakh crore in the year-ago period. Current Account and Savings Account (CASA) of the bank stood at 38.1 per cent of the total deposits compared to 38.24 per cent at the end of the second quarter of the previous fiscal. Credit deposit ratio of the bank rose from 71.77 per cent to 75.56 per cent at the end of September 2025, it added.

State-owned Punjab & Sind Bank on Saturday reported a 48 per cent jump in net profit to Rs 269 crore during the first quarter of this financial year, aided by improvement in core income and decline in bad debts. The lender had earned a net profit of Rs 182 crore in the same quarter of the previous fiscal year. The total income rose to Rs 3,379 crore during the June 2025 quarter from Rs 2,846 crore in the same quarter of FY25, Punjab & Sind Bank said in a regulatory filing. Interest earned by the bank improved to Rs 2,911 crore compared to Rs 2,652 crore in the June quarter of FY25. During the period, the operating profit of the bank increased to Rs 540 crore compared to Rs 317 crore a year ago. The bank's asset quality showed improvement as gross non-performing assets (NPAs) declined to 3.34 per cent of gross advances at the end of the June quarter from 4.72 per cent a year ago. Its gross advance increased by 14 per cent to Rs 99,950 crore from Rs 87,738 crore at the end of ...

Punjab & Sind Bank and Indian Overseas Bank have put up over 20 non-performing accounts (NPAs) for sale, with a total principal outstanding of ₹500 crore, via a Swiss challenge auction

According to an official notification issued by the Department of Financial Services under the Ministry of Finance, Saha's current term was set to end on June 2, 2025

"Granting extension of tenures to PSB & IOB MDs is at a final stage. Both MDs have two years of services left. The final notification will come soon," said the source

Mudra loans provided by Punjab & Sind Bank over the last 10 years have been able to generate 10 lakh jobs at the grassroot level, the bank's managing director Swarup Kumar Saha said. Sharing the journey of Pradhan Mantri Mudra Yojana (PMMY) over the past 10 years, Saha said, the bank has disbursed loans to the tune of Rs 12,820 crore under the scheme, benefiting over 6.84 lakh beneficiaries across the country. "These include small vendors, women entrepreneurs, artisans, and youth, who are now empowered to become economically self-reliant. About 44 per cent of our disbursals have been under the Shishu (loans up to Rs 50,000) category, which speaks about our focus on first-time borrowers and grassroots entrepreneurship," he told PTI. Punjab & Sind Bank has enabled entrepreneurs to establish and expand their businesses, leading to employment generation, he said, adding, "So far approximately 10 lakh employment have been generated by the bank through this scheme at the grassroots .

According to RBI, the HDFC Bank did not categorise certain customers into low, medium or high risk category based on its assessment and risk perception

Punjab & Sind Bank's stock rose as much as 13.08 per cent during the day to ₹50.5 per share, the biggest intraday gain since January 14 this year

State-owned Punjab & Sind Bank on Monday fixed the floor price of Rs 40.38 per share to raise funds through QIP. The bank has proposed to raise Rs 2,000 crore through Qualified Institutional Placement (QIP). The board in its meeting approved and adopted the preliminary placement document dated March 24, 2025, together with the application form in connection with the issue, Punjab & Sind Bank said in a regulatory filing. The board also approved the floor price of the issue at Rs 40.38 based on the pricing formula as prescribed by Sebi regulations, it added. The bank may offer a discount of not more than 5 per cent on the floor price so calculated for the issue, it said.

The federal finance ministry is looking dilute minority shareholdings in Central Bank of India, Indian Overseas Bank, UCO Bank, and Punjab and Sind Bank

The uptick in these stocks came after the DIPAM invited bids from merchant bankers to assist the government in its planned stake sale in public sector banks and listed financial institutions