Out of 12 PSU lenders, half of them- UCO Bank, Indian Overseas Bank, IDBI Bank, Bank of Maharashtra, Punjab & Sind Bank and Central Bank of India- do not meet the minimum public shareholding norms of Sebi.

UCO Bank, IOB, IDBI Bank among 6 PSU banks that may remain in spotlight over next few months

Punjab & Sind Bank rallied 3.52% to Rs 70.87 after the bank’s standalone net profit jumped 18.88% to Rs 181.50 crore on 14.09% increase in total income to Rs 2,846.02 crore in Q1 FY25 over Q1 FY24.

Punjab & Sind Bank rises after Q1 PAT gains 19% YoY to Rs 181 cr

The stock rose as much as 7.6% in early trade to Rs 73.64 apiece on the NSE.

Punjab & Sind Bank Surges To Five-Month High As Q1 Profit Rises 18%

Punjab & Sind Bank’s standalone net profit jumped 18.88% to Rs 181.50 crore on 14.09% increase in total income to Rs 2,846.02 crore in Q1 FY25 over Q1 FY24.

Punjab & Sind Bank Q1 PAT rises 19% YoY to Rs 181 cr

State-owned Punjab & Sind Bank on Friday reported a 19 per cent rise in net profit to Rs 182 crore in the June 2024 quarter, helped by a decline in bad loans.

Punjab & Sind Bank Q1 net profit rises 19 pc to Rs 182 cr

State-owned Punjab & Sind Bank on Friday reported a 19 per cent rise in net profit to Rs 182 crore in the June 2024 quarter, helped by a decline in bad loans. The Delhi-based lender had earned a net profit of Rs 153 crore in the year-ago period.

Punjab & Sind Bank Q1 Results: Net profit rises 19% to Rs 182 crore

Total Operating Income rise 14.53% to Rs 2652.27 crore

Punjab & Sind Bank standalone net profit rises 18.88% in the June 2024 quarter

The National Company Law Tribunal has directed to initiate insolvency proceedings against Supertech Township Projects on a plea filed by Punjab & Sind Bank over a default of Rs 216.92 crore.

NCLT orders insolvency proceedings against Supertech Township Projects

On July 12, a Delhi-based NCLT bench admitted the plea against Supertech Township Projects filed by Punjab & Sind Bank and appointed Umesh Singhal as the Insolvency Resolution Professional.

NCLT Orders Insolvency Proceedings Against Supertech Township Projects

MTNL loan default: The telco owes Rs 5480 crore to the bank, it told exchanges

MTNL defaults on Rs 37.5 crore Punjab & Sind Bank loan instalment

Another public sector bank, Punjab & Sind Bank, is planning to raise Rs 2,000 crore this year. The government holds 98.25 per cent in the state-owned bank

IOB, UCO Bank likely to raise funds through QIP route next month

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Punjab & Sind Bank provides Treasury Operations, Corporate/Wholesale Banking, Retail Banking and Other Banking Operations.

Punjab & Sind Bank