Punjab & Sind Bank
Punjab & Sind Bank is engaged in the Business of Deposits,Loans & Advances and Remittances & Collections.
What Punjab files
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The Bank has received a license from IFSCA to establish an IFSC Banking Unit at GIFT IFSC, a strategic move to expand international operations.
Punjab & Sind Bank published its FY2025-26 Business Responsibility and Sustainability Report, committing to Net-Zero emissions by 2070 with 60% Scope 1&2 reduction by 2036-37. The bank significantly increased renewable energy use and boosted sourcing from MSMEs. Operational efficiency improved with fewer pending customer complaints.
PSB reports strong provisional business growth. Total Business rose 15.33% Y-o-Y to Rs 2,66,574 Cr. Deposits grew 12.16% to Rs 1,47,134 Cr, while Gross Advances surged 19.50% to Rs 1,19,440 Cr.
Punjab & Sind Bank's Board proposed a final dividend of 3.90% (Rs.0.39 per share of Rs.10 face value) for FY 2025-26. This is subject to shareholder approval at the upcoming AGM. Record date will be announced later.
Punjab & Sind Bank reported outstanding bonds totaling Rs 4237.30 Cr, comprising four distinct issues. These debt instruments carry coupon rates between 7.74% and 9.50%, with maturities extending up to 2034.