Punjab & Sind Bank has been fined Rs 1 crore for failing to adhere to specific provisions of the Depositor Education and Awareness Fund Scheme.

RBI Imposes Penalty On 3 Banks For Irregularities, SBI To Pay Rs 1.3 Crore - News18

It will help achieve the twin objectives of capital raising and dilution of the government’s holding in the bank.

Punjab & Sind Bank Looks To Raise Rs 250 Via QIP In Q3

Punjab & Sind Bank has got approvals for capital raising of Rs 250 crore via Qualified Institutional Placement in the next quarter

Punjab & Sind Bank Looks to Raise Rs 250 Via QIP in Q3 - News18

The lender is looking to recover over 50% from the sale. The bank has invited bids for a loan of ₹110 crore for KSK Mahanadi and ₹45 crore for KSK Water Infrastructure, setting a reserve price of ₹ 60 crore and ₹ 23 crore, respectively, on an all-cash basis.

Punjab & Sind Bank to sell two KSK loans

The bank also intends to open 50 more branches during the current financial year taking the total network beyond 1,600, Punjab & Sind Bank managing director Swarup Kumar Saha told PTI.

Punjab & Sind Bank To Increase ATM Network To 1,600 Over Two Years

The addition of new branches would add to low-cost deposits and help in penetration of loan products, he said. “We are trying to build operational efficiency more so that I can reduce my cost and increase my fee income. We are moving to very granular areas like increasing ATM network, improving digi…

Punjab & Sind Bank plans to double ATM network to 1,600 in next two years

Punjab & Sind Bank (PSB) to raise ₹250cr via QIP in Q3 to fund business growth. Govt. has given green signal. Capital raising only through pure equity, not AT-1 bonds. Bank to distribute 1 lakh credit cards by 2024. Finacle Version 10 upgrade expected by Oct. RBI likely to maintain pause at MPC revi…

Punjab & Sind Bank to raise ₹250 crore capital via QIP, says MD & CEO Saha

There are 44 asset management companies operating in India. Assets Under Management (AUM) management by these companies stood at Rs 44,39,187 crore as of June 30, 2023.

Punjab & Sind Bank plans to foray into mutual fund space; to finalise partner by Sep

Punjab & Sind Bank Q1: Net Profit Tumbles, Asset Quality Improves Sharply

Punjab & Sind Bank (PSB) reported a 25.36% decline in net profit for Q1 2023 to ₹153 crore, due to higher provision for bad loans. Total income grew 30% to ₹2494 crore. Operating profit was marginally higher at ₹257 crore. For FY 2022-23, PSB had recorded a highest-ever net profit of ₹1,313 crore, u…

Punjab & Sind Bank Q1 net down 25.36% at ₹153 crore

Punjab & Sind Bank Q1 Results: Its gross NPA declines to 6.8 per cent of the total advances, from 11.34 per cent a year ago

Punjab & Sind Bank Q1 Net Profit Declines 25.37% YoY To Rs 153 Crore, Announces Foray Into Mutual Funds - News18

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