Punjab & Sind Bank — Credit Ratings, 22-08-2026: Credit Rating

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 relatively lower CASA.