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Punjab & Sind Bank is engaged in the Business of Deposits,Loans & Advances and Remittances & Collections.
PSB delivered a strong Q1FY27 performance. Total business grew 15.27% YoY to ₹2.66 lakh Cr, fueled by 19.35% growth in advances (₹1.19 lakh Cr) and 12.16% in deposits (₹1.47 lakh Cr). Net profit for the quarter rose 23% YoY to ₹331 Cr. Asset quality significantly improved, with Gross NPAs falling...
CARE Ratings has reaffirmed Punjab and Sind Bank's (PSB) Tier II Bonds, totaling ₹1237.30 crore, at CARE AA; Stable. This reflects improved asset quality, strong Government of India ownership and support, and comfortable capitalisation. The stable outlook anticipates continued earnings growth and further asset quality improvement, despite moderate profitability and...