Punjab & Sind Bank — Others, 25-08-2025: CREDIT RATING REVISION

Punjab and Sind Bank (PSB) saw its Tier-II Bonds rating upgraded to CARE AA; Stable from CARE AA-; Positive by CARE Ratings. This reflects PSB's improved profitability and better asset quality in FY25, driven by recoveries and lower loan slippages. Strong government ownership and capitalisation levels, supported by recent infusions including ₹1,219 crore via QIP, remain key strengths. The stable outlook anticipates continued earnings growth and further asset quality improvement. PSB recorded ₹1,016 crore PAT in FY25, up 71%, with net NPA reducing to 0.96% from 1.63%.