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

29 Aug 2022

30.56

-0.65%

Punjab & Sind Bank's asset quality deterioration to moderate: CRISIL

Business Standard

Decrease in slippages and higher recoveries to help state-owned lender, says agency

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

Punjab & Sind Bank

27 Aug 2022

30.56

-0.65%

Punjab & Sind Bank to offer loans to 5,000 terracotta artisans under OPOP initiative

Business Today

Gorakhpur's terracotta work is a centuries-old traditional art form, where the potters make various animal figures - horses, elephants, camels, goats, and oxen - with hand-applied ornamentation.

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

Punjab & Sind Bank

03 Aug 2022

30.56

-0.65%

Want to transform Punjab & Sind Bank into digital savvy and future-ready by March 2024'

Business Line

Looking to administer digital medicine to make the 1148-year-old public sector bank more efficient

Punjab & Sind Bank has lost -34.08% in the last 6 Months

Want to transform Punjab & Sind Bank into digital savvy and future ready by March 2024'

Business Line | 03 Aug 2022 1 more

Punjab & Sind Bank

01 Aug 2022

30.56

-0.65%

Punjab & Sind Bank Q1 net up 17.82% despite 109 crore MTM loss

Business Line

Confident of achieving last fiscal's bottomline performance in FY23, says MD & CEO, Swarup Kumar Saha

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

Punjab & Sind Bank profit rises 18% to Rs 205 crore in April-June

Business Today | 01 Aug 2022

Punjab & Sind Bank

20 Jul 2022, 01:20PM

30.56

-0.65%

Punjab & Sind Bank to lend against NERL's e-warehouse receipts

Business Line

NERL's e-receipt reduces risks associated with paperwork, transaction cost

Punjab & Sind Bank has lost -34.08% in the last 6 Months

Punjab & Sind Bank

22 May 2022

30.56

-0.65%

Capital support from govt not needed this year: Punjab & Sind Bank MD

Business Today

During the previous two years, the government infused Rs 5,500 crore and Rs 4,600 crore through non-interest bearing recap bonds.

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

No capital support from govt needed this year: Punjab & Sind Bank MD

Business Standard | 22 May 2022

Punjab & Sind Bank

19 May 2022

30.56

-0.65%

Punjab & Sind Bank stages a turnaround in FY22; Q4 net surges

Business Line

Reports a net profit of 1,039 crore in FY'21-22 as against net loss of 2733 crore in previous fiscal; Board declares 0.31 as dividend

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

Punjab & Sind Bank Q4 net profit more than doubles to Rs 346 cr

Business Today | 19 May 2022 1 more

Punjab & Sind Bank

11 Mar 2022

30.56

-0.65%

Punjab & Sind Bank to buy 2% stake in bad bank NARCL for Rs 55 cr

Business Standard

Punjab & Sind Bank on Friday said it has entered into an agreement to buy 2 per cent stake in asset reconstruction company NARCL for Rs 55 crore. "Punjab & Sind Bank has entered into an agreement with National Asset Reconstruction Company on March 10, 2022 regarding investment in NARCL," the lender said in a regulatory filing. The bank said the equity investment would be done in tranches, with the first investment of Rs 28.18 crore expected to be completed by March 31, 2022. The financial investment is being done to ensure prompt resolution, including recovery of NPA (non-performing assets) accounts, the bank said. NARCL was incorporated on July 7, 2021 with a total authorised share capital of Rs 2,750 crore to act as a bad bank for speedy resolution of bad assets of the banks. In January, SBI Chairman Dinesh Khara said that 38 NPA accounts worth Rs 82,845 crore were identified to be transferred to NARCL. Transfer of these accounts will happen in a phased manner with banks...

Punjab & Sind Bank has lost -29.80% in the last 3 Months

Punjab & Sind Bank

17 Feb 2022

30.56

-0.65%

Punjab Sind Bank gets Board nod to raise Rs 4,600 crore by issuing shares to govt

Moneycontrol

The decision was taken at the board meeting held on February 17, 2022, the bank said in a regulatory filing.

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

Punjab & Sind Bank

07 Feb 2022

30.56

-0.65%

Punjab & Sind Bank reports net profit of Rs 301 crore in December quarter

Business Standard

State-owned Punjab & Sind Bank (PSB) on Monday reported a net profit of Rs 301 crore for the quarter ended December 2021 as the lender saw good growth in overall business mix and better cash recoveries following its turnaround strategy started a year back. The lender had posted a net loss of Rs 2,376 crore in the same quarter a year ago. Sequentially, the net profit was up by 38.1 per cent from Rs 218 crore in the quarter ended September 2021. "The bank was undergoing a turbulent time a year before and then the bank turned around in the quarter ended March 2021 after a consecutive loss for about eight quarters. "Since then, the bank has been continuously making profits. Having said that, if we look into Q3FY22, it is one of the highest bottomline that we have. The net profit is at Rs 301 crore while a year before it was a huge loss," S Krishnan, MD and CEO, Punjab & Sind Bank told a media conference after the earnings announcement. Total income rose to Rs 2,042.03 crore, as...

Punjab & Sind Bank has lost -34.08% in the last 6 Months

Is Punjab & Sind Bank worth buying?

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Buy 71.32%

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58.50% Fall from 52W High

Punjab & Sind Bank News and Updates

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