Punjab & Sind Bank experienced a 1.7% increase today, reaching Rs.22.31, despite the Sensex falling by 0.3%. This upward trend indicates a recovery from its 52-week low, possibly due to strong sector performance and intraday gains.
Punjab & Sind Bank
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Punjab & Sind Bank demonstrates a robust performance in FY26, with gross advances increasing by 18.4% Year-over-Year to reach approximately Rs. 1.18 lakh crore. The total business also expanded by 15%, reaching over Rs. 2.63 lakh crore. Notably, the Credit Deposit (CD) ratio has improved significantly, moving from 76.8% to 80.9%.
Punjab & Sind Bank reported a significant increase in gross advances (loans) of 18.4% as of March 31, 2026. Additionally, total deposits grew by 12.4% year-on-year, indicating a steady growth trend for the bank.
Punjab & Sind Bank has appointed Rajendra Kumar Raigar as its new Chief General Manager and Rajiv Kumar Bansal as the General Manager, effective April 1, 2026. Both appointees boast over three decades of banking experience and hold CAIIB certifications, bringing advanced qualifications to their roles.