Punjab & Sind Bank — Credit Ratings, 22-08-2025: Credit Rating

CARE Ratings has upgraded Punjab and Sind Bank's Tier II Bonds to CARE AA; Stable, from CARE AA-; Positive. This positive change reflects improved profitability and asset quality in FY25, thanks to robust recoveries and lower slippages. Government of India's majority ownership remains a key supporting factor for the bank's financial stability.