Punjab & Sind Bank News and Updates

Keep track of all breaking news on Punjab & Sind Bank from all sources in a single place.

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Punjab & Sind Bank

23 Jan 2023

30.76

0.10%

Punjab & Sind Bank upgrades its FY23 guidance for NIMs, credit costs

Business Standard

S K Saha, managing director and chief executive of the bank, said the lender is trying to create an image of a niche bank

Punjab & Sind Bank is trading above its 30 day SMA of 28.9

Punjab & Sind Bank

23 Jan 2023

30.76

0.10%

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Punjab & Sind Bank

21 Jan 2023, 10:06PM

30.76

0.10%

Punjab Sind Bank Q3 profit up 24% to Rs 373 crore aided by growth in interest income

Moneycontrol

The bank had posted a net profit of Rs 301 crore in the same quarter a year ago.

Punjab & Sind Bank has lost -30.75% in the last 3 Months

Punjab & Sind Bank Q3 profit up 24% to Rs 373 cr on rising interest income

Business Standard | 21 Jan 2023, 07:00PM

Punjab & Sind Bank

12 Jan 2023

30.76

0.10%

Bajaj Allianz Life Insurance partners Punjab & Sind Bank for distribution of insurance products

livemint

The partnership will allow Punjab & Sind Bank's new and existing customers to avail a variety of retail life insurance products from Bajaj Allianz Life Insurance, including term, savings, retirement, and investment options

Punjab & Sind Bank has lost -30.75% in the last 3 Months

Bajaj Allianz Life, Punjab & Sind Bank enter into strategic partnership

Business Line | 11 Jan 2023 1 more

Punjab & Sind Bank

02 Jan 2023

30.76

0.10%

Punjab & Sind Bank board approves capital raising of upto 250 crore

Business Line

Capital mop up plan to help create buffer to meet bank's business growth, says MD&CEO Swarup Kumar Saha

Punjab & Sind Bank has lost -35.41% in the last 6 Months

Punjab & Sind Bank

29 Dec 2022

30.76

0.10%

Punjab & Sind Bank, SBI Card launch co-brand credit cards

Business Line

Both partners have rolled out three variants to begin with

Number of FII/FPI investors increased from 22 to 60 in Mar 2025 qtr.

Punjab & Sind Bank

27 Dec 2022

30.76

0.10%

Punjab & Sind Bank board to consider fundraise of Rs 250cr on Dec 30

Business Standard

City-based Punjab & Sind Bank on Tuesday said its board will meet on December 30 to consider a proposal for raising up to Rs 250 crore by various modes, including equity and bonds issuance, the bank said on Tuesday. The bank said it plans to raise capital up to an amount and aggregating to Rs 250 crore in any combinations of equity shares or debt in the form on Basel III compliant bonds. The capital will be raised in one or more tranches within a period of 12 months from the date of approval by way of issue of these instruments, the lender said. Punjab & Sind Bank shares closed flat at Rs 32.70 apiece on BSE.

Punjab & Sind Bank is trading below its 50 day SMA of 33.4

Punjab & Sind Bank

04 Dec 2022

30.76

0.10%

Punjab & Sind Bank aims at CASA ratio of 35% by March: MD Swarup Saha

Business Standard

Punjab & Sind Bank managing director Swarup Kumar Saha has said that the lender is targeting a Current Account Savings Account (CASA) ratio of 35 per cent by the end of the ongoing fiscal and the bank has undertaken various efforts to achieve the goal. CASA ratio, the low cost deposit base, of the state-owned bank stood at 33.36 per cent (Rs 35,102 crore) at the end of September, 2022. Higher CASA ratio pushes profitability of banks as banks can earn higher spreads. "We are looking at CASA ratio of 35 per cent...second half is good for our bank, which is north based, as a lot of savings from agriculture income is routed to these accounts post harvest," he told PTI in an interview. Besides, he said, the bank is focussing on mobilising salary accounts and salary deposit to augment low cost deposit base. As part of this endeavour, he said, the bank has recently tied up with Chandigarh Municipal Corporation to open salary accounts of their 10,000 employees. Similarly, he said, the...

Punjab & Sind Bank has lost -30.75% in the last 3 Months

Punjab & Sind Bank aims at CASA ratio of 35% by March

Business Line | 04 Dec 2022

Punjab & Sind Bank

13 Nov 2022

30.76

0.10%

Punjab & Sind Bank to take call on Rs 300 cr QIP in fourth quarter: MD Saha

Business Standard

State-owned Punjab & Sind Bank would take a call on raising equity capital through qualified institutional placement (QIP) after taking into account third quarter numbers and pace of loan growth, the bank's managing director Swarup Kumar Saha said. As far as capital adequacy is concerned, the bank is well-capitalised at 15.68 per cent and it can easily take care of business growth this year, he told PTI in an interaction. However, he said, "There is a need to build some buffer on the equity side. So, we would plan a small amount of capital mobilisation either through equity or bonds, say Rs 250 crore or Rs 300 crore. "We will watch our third quarter performance and momentum of credit demand and based on that make a decision with regard to QIP or other means." The bank has redeemed Additional Tier 1 (AT1) bonds, he said, adding, now the bank would try other means including QIP, which is cost effective. The government of India's holding in the bank stood at 98.25 per cent at the end