Punjab & Sind Bank
Snapshot View

20.00 -0.30 ▼-1.5%

30 July 2021, 04:00:00 P.M.
Volume: 53,794

Overview View Details

Sector Banking Compare with Sector peers
Industry Bank - Public Compare with Industry peers
Website http://www.psbindia.com
Financial Indicators
Market Cap 8,085.07 Cr.
Earnings per share (EPS) -6.03 Trailing Twelve Months Ending 2021-06
Price-Earning Ratio (PE) - Trailing Twelve Months Ending 2021-06
Industry PE 17.55 Trailing Twelve Months Ending 2021-06
Book Value / Share 18.80 Trailing Twelve Months Ending 2021-06
Price to Book Value 1.06 Calculated using Price: 19.95
Dividend Yield 0.00 Period Ending 2021-03
No. of Shares Subscribed 405.27 Cr. 4,052,667,964 Shares
FaceValue 10
Company Profile

Punjab & Sind Bank was incorporated on June 24, 1908, as ‘The Punjab and Sind Bank Limited’, with its registered office at Hall Bazar, Amritsar, Punjab, India. The Bank was nationalized under the Bank Acquisition Act on April 15, 1980 and its name was changed to ‘Punjab & Sind Bank’.

Punjab & Sind Bank, which is a GoI undertaking, one of the six banks nationalized by the GoI in April 1980, and today, is one of 19 nationalized banks in India. In over 100 years of operation, the Bank has significantly grown its branch network with a presence predominantly in north India. As on October 31, 2010, its network comprised of 926 branches and 63 ATMs across India. The Bank also sponsors one regional rural bank, Sutlej Gramin Bank, in collaboration with the GoI and the state Government of Punjab. As on September 30, 2010, we had a total of 8,047 employees serving over 0.66 crore customers.

Business area of the Company:

Bank’s primary business is taking deposits, and making advances and investments, and is principally divided into retail banking, corporate banking, priority sector banking, treasury operations and other banking services such as agency functions for insurance, distribution of mutual funds and pension and tax collection services.

The bank has various deposit products, such as current, savings and term deposits for its customers. In retail banking, bank provides loan and advances for housing, trade, automobiles, consumer durables, education and personal loans. It provides commercial banking products and services to corporate customers, including mid-sized and small businesses and government entities.

In corporate banking, its loan products include term loans to finance capital expenditure of assets across various industries as well as short-term loans, cash and export credit and other working capital financing and bill discounting facilities.

The bank also provides credit substitutes, such as letters of credit and guarantee. It also engages in syndication of loans provided by other financial institutions and other fee-based services such as cash management and remittance services.

In the priority sector, the banks offers direct financing to farmers for production, as well as indirect financing for infrastructure development and credit to suppliers of agricultural inputs. It also offers a wide range of general banking services to our customers including ATM cards, cash management, remittance services and collection services.

Punjab& Sind Bank also distributes third-party products such as life and non-life insurance policies through corporate agency agreements with Aviva Life Insurance Company India Private Limited and Bajaj Allianz, respectively, and mutual funds with UTI AMC through a distribution agreement. It also acts as an agent for various state governments and the GoI on numerous matters including the collection of taxes and payment of salary and pension.
 

Major Events:-

  • 1908 - Incorporated as ‘The Punjab and Sind Bank Limited’ in Amritsar, Punjab.
  • 1975 Aggregate deposits with the Bank exceed 150 crore.
  • 1979 -Number of branches cross 500
  • 1980 -Nationalized along with five other banks and constituted as a ‘corresponding new bank’ as per the Bank Acquisition Act
  • 1986 - Sutlej Gramin Bank established as a regional rural bank with effect from March 22, 1986, in the state of Punjab, under the name Faridkot - Bathinda Kshetriya Gramin Bank.
  • 1999 -The paid-up capital of the Bank was reduced by Rs 462.47 crore for write down of investments for adjustment of losses 2006 Total business of the Bank for financial year 2005-06 crosses ' 25,000 crore.2008 --Highest percentage of growth in advances of 56.28% among all public sector banks in IndiaGross NPAs dropped to less than 1.00% for financial year 2007-08.-The equity capital of the Bank was restructured by converting an amount of Rs 160.00 crore into IPDI, Rs 200.00 crore into PNCPS and Rs 200.00 crore into PCPS, while retaining Rs 183.06 crore as the equity capital.
  • 2009 -Total business of the Bank for financial year 2008-09 crosses Rs 50,000 crore.
  • 2010 - Total business of the Bank crosses Rs 81,000 crore-Net profit of the Bank crosses Rs 500.00 crore- Joined the NFS-First CBS branch rolled-out on June 24, 2010-Entered into a memorandum of understanding with the Unique Identification Authority of India to provide assistance in the implementation of project for assignment of unique identification numbers.

Awards/ certifications/ recognitions received by the Bank:-In the annual Business Today-KPMG survey of Best Banks in India 2008, the bank was ranked number one on the list of ‘Small Sized Best Banks in India’ (i.e. banks with a then balance sheet size of less than 24,000 crore).

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
-1.48%
1 Week
+2.56%
1 Month
-8.47%
3 Month
+9.59%
6 Month
+53.61%
1 Year
+47.60%
2 Year
-13.98%
5 Year
-59.72%
9 years 2013-03 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03 2021-03
Return on Equity (%) 9.67 7.83 2.76 6.80 3.89 -14.03 -10.75 -20.98 -45.11
Return on Assets (%) 0.44 0.34 0.13 0.34 0.20 -0.71 -0.49 -0.95 -2.59
Net Interest Margin 2.10 1.76 1.82 2.26 2.38 2.10 2.24 2.22 2.23
Yield on Advances (%) 14.27 13.93 13.45 13.68 14.01 11.94 12.37 13.58 11.44

Balance Sheet View Details

Particulars 9 years 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr.
Shh. Funds 4,604 5,011 5,596 5,970 6,142 6,183 5,701 5,596 8,363
Minority Int.
Deposits 70,642 84,730 86,715 91,250 85,540 101,726 98,558 89,668 96,108
Borrowings 2,540 2,305 3,048 2,839 2,958 3,683 2,714 3,213 2,644
Other Liab. 2,692 2,463 2,394 2,522 2,002 2,167 2,009 2,027 3,367
Total Liab. 80,478 94,509 97,753 102,581 96,643 113,759 108,982 100,504 110,482
Fixed Assets 844 1,003 995 1,133 1,095 1,083 1,230 1,241 1,585
Investments 22,542 28,294 24,007 27,645 27,949 32,982 26,173 24,552 32,023
Advances 51,431 57,239 63,870 63,916 58,335 66,569 69,176 58,412 60,942
Cash & Bank 4,079 6,325 4,220 4,903 4,590 7,133 6,618 9,578 8,339
Other Assets 1,581 1,648 4,662 4,984 4,675 5,993 5,785 6,721 7,593
Total Assets 80,478 94,509 97,753 102,581 96,643 113,759 108,982 100,504 110,482

Profit Loss View Details

Particulars 9 years 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr.
Interest Earned 7,340 7,973 8,589 8,744 8,173 7,949 8,559 7,930 6,974
Other Income 417 451 429 478 578 581 828 897 903
Total Income 7,757 8,424 9,017 9,223 8,751 8,530 9,387 8,827 7,877
Operating Exp. -1,119 -1,271 -1,333 -1,384 -1,496 -1,672 -1,711 -1,858 -2,394
Provisions -452 -370 -484 -600 -1,190 -1,982 -2,168 -2,619 -4,175
PBIT 6,186 6,783 7,201 7,239 6,066 4,876 5,507 4,350 1,308
Interest -5,699 -6,352 -6,909 -6,569 -6,014 -5,714 -6,279 -5,872 -4,712
Tax -147 -130 -170 -334 -55 94 228 532 671
PAT 339 301 121 336 201 -744 -543 -991 -2,733

Cash Flow View Details

Particulars 9 years 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr.
Cash Fr. Operatn. -26 2,469 -1,982 930 -495 1,063 -97 2,210 -5,848
Cash Fr. Inv. -81 -58 -84 -38 -33 -51 -61 -63 -446
Cash Fr. Finan. -129 -165 -39 -209 216 1,531 -356 814 5,055
Net Change -236 2,246 -2,105 683 -313 2,543 -514 2,960 -1,239
Cash & Cash Eqvt 4,079 6,325 4,220 4,903 4,590 7,133 6,618 9,578 8,339

Shareholding Pattern View Details

9 Qtrs 2019-06 (%) 2019-09 (%) 2019-12 (%) 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%)
Promoter 85.56 80.28 83.06 83.06 83.06 83.06 83.06 97.07 97.07
Public 14.44 19.72 16.94 16.94 16.94 16.94 16.94 2.93 2.93
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Announcements View Details

Fri, 30 Jul 2021
Announcement under Regulation 30 (LODR)-Newspaper Publication
Reviewed Unaudited Financial Results of the Bank for the Quarter (Q1) / Three months period ended June 30 2021 were approved by the Board of Directors of the Bank in its meeting held on 29.07.2021 and this was informed to the Stock Exchanges.

The results were published in Business Standard (English & Hindi newspaper) on 30.07.2021. We are enclosing a copy of newspapers wherein the Reviewed Unaudited Financial Results of the Bank for the Quarter (Q1) / Three Months period ended June 30 2021 were published.
Thu, 29 Jul 2021
Board Meeting Outcome for Punjab & Sind Bank - Outcome Of Board Meeting Dated 29.07.2021: <BR> Reporting Pursuant To Regulation 33 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015<BR>
We wish to inform that the Board of Directors of Punjab & Sind Bank at its meeting held on 29.07.2021 resolved and approved the Unaudited Reviewed Financial Results for the Quarter (Q1) / Three months period ended June 30 2021.
We are forwarding a copy of Reviewed Un-audited Financial Results Segment Reporting and Limited Review Report by Auditors. The same can also be viewed on the website of the Bank i.e. https://punjabandsindbank.co.in/

Deviation/Variation in Utilization of Funds Raised for the Quarter ended 30.06.2021 is NIL and the same is enclosed herewith.

The meeting of the Board of Directors commenced at 11:30 AM and concluded at 01:50 PM.

You are requested to take a note of the above pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. The information may kindly be uploaded on your website.
Thu, 29 Jul 2021
Punjab & Sind Bank - Outcome Of Board Meeting Dated 29.07.2021: <BR> Reporting Pursuant To Regulation 33 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015
We wish to inform that the Board of Directors of Punjab & Sind Bank at its meeting held on 29.07.2021 resolved and approved the Unaudited Reviewed Financial Results for the Quarter (Q1) / Three months period ended June 30 2021.
We are forwarding a copy of Reviewed Un-audited Financial Results Segment Reporting and Limited Review Report by Auditors. The same can also be viewed on the website of the Bank i.e. https://punjabandsindbank.co.in/

Deviation/Variation in Utilization of Funds Raised for the Quarter ended 30.06.2021 is NIL and the same is enclosed herewith.

The meeting of the Board of Directors commenced at 11:30 AM and concluded at 01:50 PM.

You are requested to take a note of the above pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. The information may kindly be uploaded on your website.

Technical Scans View Details

Fri, 30 Jul 2021
Stock Outperforming Benchmark Index in both 1 Week and 3 Month Stock Outperforming Benchmark Index in both 1 Week and 3 Month
Stock Outperforming Sectoral Index in both 1 Week and 3 Month Stock Outperforming Sectoral Index in both 1 Week and 3 Month
Strongly Underperforming Benchmark index Strongly Underperforming Benchmark index
Strongly Underperforming Sectoral index Strongly Underperforming Sectoral index
Both SRS And ARS Above Zero Both SRS And ARS Above Zero

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