Punjab & Sind Bank

•

punjabandsind.bank.in/BSE: 533295NSE: PSB

Market Cap₹ 16,086 Cr.

Current Price

High / Low₹ 32 / 20

Stock P/E11.6

Book Value₹ 19

Price to Book1.12

Dividend Yield1.72 %

ROCE9.1 %

ROE10.4 %

Face Value₹ 10

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ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Other Retail Banking-Retail Banking: 43.3% • Corporate / Wholesale Banking: 30.3% • Treasury: 26.2%

AI Sector View

AI GENERATED

Financial Services

Buy

Financials remain one of the clearest macro beneficiaries. Loan growth was 18.3% (Aug/26) versus deposit growth 14.7% (Aug/26), SCB credit growth was 17.5% YoY (2026-07), UPI transactions rose 22.0% YoY (2026-07), and M3 money supply grew 15.0% YoY (2026-07). Sector flows have also turned meaningfully supportive, with INR 13171 crore net FPI inflow over 3 months to 2026-08-31 after INR -114652 crore in the prior 3 months.

Confidence

84%

View full sector analysis →

PROS

Comfortable capital adequacy - CAR of 17.4%
Strong provisioning - provision coverage ratio of 92.3%
Healthy loan book growth of 19.1% with stable asset quality
Stock looks reasonably valued - P/E of 11.6 is below its historical median
Company has a consistent dividend-paying track record

CONS

A large part of profit comes from other income (101.5% of PBT)
Promoter holding has decreased over last 2 years: -4.4pp
Weak return ratios for a lender: 3Y avg ROA 0.6%
Thin net interest margin of 2.2%
Company's return on assets is weak at 0.8%

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Financial ServicesBankBank - Public

Part ofNIFTY PSU BANK

S.No.	Name
1.	SBIN	1001.60	10.72	924538.66	1.73	24579.04	13.65	136240.49	8.36	12.16	52.34
2.	UNIONBANK	183.40	6.78	140000.33	2.73	5368.17	29.77	27427.10	1.21	14.57	69.42
3.	PNB	115.60	6.02	132858.42	2.60	5339.15	191.40	33589.17	3.12	13.26	75.40
4.	BANKBARODA	234.90	6.69	121475.30	3.62	1572.59	-53.08	35114.52	6.84	11.20	33.10
5.	INDIANB	855.00	9.01	115165.42	2.13	3299.48	48.73	18095.14	11.11	16.28	67.14
6.	CANBK	124.20	5.67	112657.49	3.38	4864.08	61.96	32957.16	4.55	14.46	68.47
7.	MAHABANK	84.45	8.62	64955.18	2.61	2020.54	26.83	8034.65	13.90	16.53	68.61
8.	BANKINDIA	140.70	5.44	64056.04	3.30	3138.46	77.92	20096.90	8.83	10.97	73.18
9.	IOB	33.01	10.67	63566.00	0.00	1659.24	49.25	8777.57	18.82	11.31	54.56
10.	UCOBANK	23.99	12.19	30082.40	1.83	652.43	24.09	6744.59	15.10	11.00	54.71
11.	CENTRALBK	30.58	6.06	27679.19	3.92	1328.95	5.43	9725.90	12.79	8.27	67.83
12.	PSB	22.67	11.62	16085.69	1.72	331.51	23.16	3213.37	10.40	9.07	71.38

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	2,316	2,406	2,491	2,481	2,652	2,739	2,931	3,159	2,911	2,999	3,042	3,030	3,213
Interest Expended	1,578	1,731	1,752	1,792	1,802	1,866	1,992	2,037	2,010	2,049	2,056	2,055	2,175
Net Interest Income	738	675	739	689	850	873	939	1,122	900	950	986	975	1,039
	179	268	362	413	194	359	338	677	469	374	507	427	332
Total Income	0	0	0	0	0	0	0	0	0	0	0	0	3,546
Operating Expenses	659	683	824	766	727	774	793	982	829	819	899	860	826
Operating Profit	257	260	277	336	317	458	484	816	540	505	594	542	545
Provisions & Contingencies	23	-35	96	110	103	151	109	374	217	148	138	-73	94
Profit before Tax	234	295	181	227	213	307	375	442	323	357	456	615	451
Tax %	34.82%	35.96%	36.74%	38.56%	14.88%	22.04%	24.74%	29.29%	16.67%	17.59%	26.30%	31.46%	26.57%
Net Profit	153	189	114	139	182	240	282	313	269	295	336	422	332
EPS	0	0	0	0	0	0	0	0	0	0	0	1	0

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	0	0	0	0	0	0	0	9,694	11,481	11,982	—
Interest Expended	6,014	5,714	6,279	5,872	4,712	4,444	5,019	6,853	7,698	8,170	8,335
Net Interest Income	-6,014	-5,714	-6,279	-5,872	-4,712	-4,444	-5,019	2,841	3,784	3,811	—
	578	581	828	897	904	959	940	1,221	1,568	1,778	1,641
Total Income	0	0	0	0	0	0	0	10,915	13,049	13,759	3,546
	0	0	0	0	0	0	0	2,932	3,276	3,407	—
Operating Profit	-6,014	-5,714	-6,279	-5,872	-4,712	-4,444	-5,019	1,131	2,075	2,182	—
	1,126	1,753	2,213	2,567	4,064	139	-359	194	737	429	—
Profit before Tax	52	-837	-772	-1,522	-3,404	1,187	1,620	937	1,338	1,752	1,881
Tax %	0.00%	-0.00%	-0.00%	-0.00%	-0.00%	0.00%	0.00%	36.45%	24.05%	24.56%	26.40%
Net Profit	201	-744	-543	-991	-2,733	1,039	1,313	595	1,016	1,322	1,384
EPS	5	-18	0	-16	-36	3	2	1	1	2	—

COMPOUNDED SALES GROWTH

10 Years:: 3%
5 Years:: 11%
3 Years:: 14%

COMPOUNDED PROFIT GROWTH

10 Years:: 15%
5 Years:: —
3 Years:: 0%

STOCK PRICE CAGR

10 Years:: -8%
5 Years:: 6%
3 Years:: -19%
1 Year:: -23%

RETURN ON EQUITY

10 Years:: -5%
5 Years:: 8%
3 Years:: 7%
Last Year:: 10%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
LIABILITIES	-	-	-	-	-	-	-	-	-	-
Equity Capital	400	565	565	701	4,053	6,778	6,778	6,778	7,096	7,096
	5,742	5,618	5,136	4,895	4,310	7,233	8,331	8,756	6,259	7,037
	85,540	1,01,726	98,558	89,668	96,108	1,02,137	1,09,665	1,19,410	1,29,774	1,45,829
	2,958	3,683	2,714	3,213	2,644	2,444	9,018	9,771	14,230	16,352
Other Liabilities & Provisions	2,002	2,167	2,009	2,027	3,367	2,476	2,662	2,943	4,457	2,957
Total Liabilities	96,643	1,13,759	1,08,982	1,00,504	1,10,482	1,21,068	1,36,455	15	16	18
ASSETS	-	-	-	-	-	-	-	-	-	-
	4,365	6,256	4,941	9,488	7,209	6,139	6,225	7,312	8,794	6,230
Balances with Banks & Money at Call	225	876	1,677	90	1,131	149	71	71	26	70
	27,949	32,982	26,173	24,552	32,023	42,281	44,838	49,599	46,912	49,388
	58,335	66,569	69,176	58,412	60,942	63,627	76,819	82,736	97,300	1,15,912
	1,095	1,083	1,230	1,241	1,585	1,577	1,519	1,756	1,798	1,862
	4,675	5,993	5,785	6,721	7,593	7,294	6,981	6,182	6,985	5,809
Total Assets	96,643	1,13,759	1,08,982	1,00,504	1,10,482	1,21,068	1,36,455	15	16	18

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-495	1,063	-97	2,210	-5,848	-5,999	1,428	1,749	-2,294	-1,893
Cash from Investing	-33	-51	-61	-63	-446	-121	-88	-229	-168	-241
Cash from Financing	216	1,531	-356	814	5,055	4,068	-1,332	-434	3,898	-387
	-313	2,543	-514	2,960	-1,239	-2,051	8	1,086	1,437	-2,521

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
PER SHARE
EPS (₹)	5.02	-13.17	-9.62	-14.13	-6.74	1.53	1.94	0.88	1.43	1.86
Book Value (₹)	131.59	94.45	84.47	66.65	18.37	19.31	20.95	21.34	17.32	18.42
Dividend per Share (₹)	0.00	0.00	0.00	0.00	0.00	0.31	0.48	0.20	0.07	0.39
PROFITABILITY
Net Interest Margin %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	2.03%	2.47%	2.22%
ROA %	0.20%	-0.71%	-0.49%	-0.95%	-2.59%	0.90%	1.02%	0.42%	0.66%	0.78%
ROE %	3.89%	-14.03%	-10.75%	-20.98%	-45.11%	10.12%	9.62%	4.15%	7.59%	10.42%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	72.16%	61.23%	60.97%
ASSET QUALITY
Gross NPA %	0.00%	0.00%	0.00%	0.00%	0.00%	14.54%	0.00%	0.00%	0.00%	3.34%
Net NPA %	0.00%	0.00%	0.00%	0.00%	0.00%	3.81%	0.00%	0.00%	0.00%	0.91%
Provision Coverage %	0.00%	0.00%	0.00%	0.00%	0.00%	84.44%	0.00%	0.00%	0.00%	91.77%
Slippage Ratio %	—	—	—	—	—	—	—	—	—	—
BALANCE SHEET & LIQUIDITY
CASA %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	32.42%	31.43%	30.77%
Credit-Deposit Ratio %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.08%	0.11%	0.11%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	17.16%	17.41%	17.42%
GROWTH & VALUATION
Net Profit Growth %	-40.15%	-469.89%	26.93%	-82.31%	-175.83%	138.02%	26.37%	-54.65%	70.61%	30.13%
Book Value Growth %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.91%	-18.84%	6.35%
P/E (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	68.00x	30.39x	11.06x
P/B (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	2.80x	2.51x	1.12x
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.33%	0.16%	1.89%

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	98.25	98.25	98.25	93.85	93.85	93.85	93.85	93.85	93.85
	0.00	0.00	0.00	0.73	0.25	0.16	0.16	0.15	0.15
	0.65	0.65	0.65	4.26	4.07	4.03	4.00	3.90	3.81
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Public	1.10	1.10	1.10	1.16	1.85	1.96	1.99	2.10	2.20

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-10

Credit Rating

2026-09-10 - Punjab & Sind Bank has informed the Exchange about Credit Rating

2026-09-10

General Updates

2026-09-10 - Punjab & Sind Bank has informed the Exchange about Strike

2026-09-01

Investor Presentation

2026-09-01 - Punjab & Sind Bank has informed the Exchange about Investor Presentation

2026-08-22

Credit Rating

2026-08-22 - Punjab & Sind Bank has informed the Exchange about Credit Rating

2026-08-13

Change in Director(s)

2026-08-13 - Punjab & Sind Bank has informed the Exchange regarding Change in Director(s) of the company.

2026-07-28

Shareholders meeting

2026-07-28 - Punjab & Sind Bank has informed the Exchange regarding Proceedings of Annual General Meeting held on July 28, 2026. Further, the company has submitted the Exchange a copy of Srutinizers report along with voting results.

2026-07-27

Analysts/Institutional Investor Meet/Con. Call Updates

2026-07-27 - Punjab & Sind Bank has informed the Exchange about Transcript

2026-07-20

Analysts/Institutional Investor Meet/Con. Call Updates

2026-07-20 - Punjab & Sind Bank has informed the Exchange about Link of Recording

2026-07-20

Copy of Newspaper Publication

2026-07-20 - Punjab & Sind Bank has informed the Exchange about Copy of Newspaper Publication

News

Recent coverage and analyst commentary for PSB

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Free 5nance Account

Name

SBIN

1001.60

10.72

924538.66

1.73

24579.04

13.65

136240.49

8.36

12.16

52.34

UNIONBANK

183.40

6.78

140000.33

2.73

5368.17

29.77

27427.10

1.21

14.57

69.42

PNB

115.60

6.02

132858.42

2.60

5339.15

191.40

33589.17

3.12

13.26

75.40

BANKBARODA

234.90

6.69

121475.30

3.62

1572.59

-53.08

35114.52

6.84

11.20

33.10

INDIANB

855.00

9.01

115165.42

2.13

3299.48

48.73

18095.14

11.11

16.28

67.14

CANBK

124.20

5.67

112657.49

3.38

4864.08

61.96

32957.16

4.55

14.46

68.47

MAHABANK

84.45

8.62

64955.18

2.61

2020.54

26.83

8034.65

13.90

16.53

68.61

BANKINDIA

140.70

5.44

64056.04

3.30

3138.46

77.92

20096.90

8.83

10.97

73.18

IOB

33.01

10.67

63566.00

0.00

1659.24

49.25

8777.57

18.82

11.31

54.56

UCOBANK

23.99

12.19

30082.40

1.83

652.43

24.09

6744.59

15.10

11.00

54.71

CENTRALBK

30.58

6.06

27679.19

3.92

1328.95

5.43

9725.90

12.79

8.27

67.83

PSB

22.67

11.62

16085.69

1.72

331.51

23.16

3213.37

10.40

9.07

71.38

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

2,316

2,406

2,491

2,481

2,652

2,739

2,931

3,159

2,911

2,999

3,042

3,030

3,213

Interest Expended

1,578

1,731

1,752

1,792

1,802

1,866

1,992

2,037

2,010

2,049

2,056

2,055

2,175

Net Interest Income

738

675

739

689

850

873

939

1,122

900

950

986

975

1,039

179

268

362

413

194

359

338

677

469

374

507

427

332

Total Income

3,546

Operating Expenses

659

683

824

766

727

774

793

982

829

819

899

860

826

Operating Profit

257

260

277

336

317

458

484

816

540

505

594

542

545

Provisions & Contingencies

-35

110

103

151

109

374

217

148

138

-73

Profit before Tax

234

295

181

227

213

307

375

442

323

357

456

615

451

Tax %

34.82%

35.96%

36.74%

38.56%

14.88%

22.04%

24.74%

29.29%

16.67%

17.59%

26.30%

31.46%

26.57%

Net Profit

153

189

114

139

182

240

282

313

269

295

336

422

332

EPS

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

9,694

11,481

11,982

—

Interest Expended

6,014

5,714

6,279

5,872

4,712

4,444

5,019

6,853

7,698

8,170

8,335

Net Interest Income

-6,014

-5,714

-6,279

-5,872

-4,712

-4,444

-5,019

2,841

3,784

3,811

—

578

581

828

897

904

959

940

1,221

1,568

1,778

1,641

Total Income

10,915

13,049

13,759

3,546

2,932

3,276

3,407

—

Operating Profit

-6,014

-5,714

-6,279

-5,872

-4,712

-4,444

-5,019

1,131

2,075

2,182

—

1,126

1,753

2,213

2,567

4,064

139

-359

194

737

429

—

Profit before Tax

-837

-772

-1,522

-3,404

1,187

1,620

937

1,338

1,752

1,881

Tax %

0.00%

-0.00%

0.00%

36.45%

24.05%

24.56%

26.40%

Net Profit

201

-744

-543

-991

-2,733

1,039

1,313

595

1,016

1,322

1,384

EPS

-18

-16

-36

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

LIABILITIES

Equity Capital

400

565

701

4,053

6,778

7,096

5,742

5,618

5,136

4,895

4,310

7,233

8,331

8,756

6,259

7,037

85,540

1,01,726

98,558

89,668

96,108

1,02,137

1,09,665

1,19,410

1,29,774

1,45,829

2,958

3,683

2,714

3,213

2,644

2,444

9,018

9,771

14,230

16,352

Other Liabilities & Provisions

2,002

2,167

2,009

2,027

3,367

2,476

2,662

2,943

4,457

2,957

Total Liabilities

96,643

1,13,759

1,08,982

1,00,504

1,10,482

1,21,068

1,36,455

ASSETS

4,365

6,256

4,941

9,488

7,209

6,139

6,225

7,312

8,794

6,230

Balances with Banks & Money at Call

225

876

1,677

1,131

149

27,949

32,982

26,173

24,552

32,023

42,281

44,838

49,599

46,912

49,388

58,335

66,569

69,176

58,412

60,942

63,627

76,819

82,736

97,300

1,15,912

1,095

1,083

1,230

1,241

1,585

1,577

1,519

1,756

1,798

1,862

4,675

5,993

5,785

6,721

7,593

7,294

6,981

6,182

6,985

5,809

Total Assets

96,643

1,13,759

1,08,982

1,00,504

1,10,482

1,21,068

1,36,455

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

-495

1,063

-97

2,210

-5,848

-5,999

1,428

1,749

-2,294

-1,893

Cash from Investing

-33

-51

-61

-63

-446

-121

-88

-229

-168

-241

Cash from Financing

216

1,531

-356

814

5,055

4,068

-1,332

-434

3,898

-387

-313

2,543

-514

2,960

-1,239

-2,051

1,086

1,437

-2,521

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

PER SHARE

EPS (₹)

5.02

-13.17

-9.62

-14.13

-6.74

1.53

1.94

0.88

1.43

1.86

Book Value (₹)

131.59

94.45

84.47

66.65

18.37

19.31

20.95

21.34

17.32

18.42

Dividend per Share (₹)

0.00

0.31

0.48

0.20

0.07

0.39

PROFITABILITY

Net Interest Margin %

0.00%

2.03%

2.47%

2.22%

ROA %

0.20%

-0.71%

-0.49%

-0.95%

-2.59%

0.90%

1.02%

0.42%

0.66%

0.78%

ROE %

3.89%

-14.03%

-10.75%

-20.98%

-45.11%

10.12%

9.62%

4.15%

7.59%

10.42%

0.00%

72.16%

61.23%

60.97%

ASSET QUALITY

Gross NPA %

0.00%

14.54%

0.00%

3.34%

Net NPA %

0.00%

3.81%

0.00%

0.91%

Provision Coverage %

0.00%

84.44%

0.00%

91.77%

Slippage Ratio %

—

BALANCE SHEET & LIQUIDITY

CASA %

0.00%

32.42%

31.43%

30.77%

Credit-Deposit Ratio %

0.00%

0.08%

0.11%

0.00%

17.16%

17.41%

17.42%

GROWTH & VALUATION

Net Profit Growth %

-40.15%

-469.89%

26.93%

-82.31%

-175.83%

138.02%

26.37%

-54.65%

70.61%

30.13%

Book Value Growth %

0.00%

1.91%

-18.84%

6.35%

P/E (x)

0.00x

68.00x

30.39x

11.06x

P/B (x)

0.00x

2.80x

2.51x

1.12x

0.00%

0.33%

0.16%

1.89%

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

98.25

93.85

0.00

0.73

0.25

0.16

0.15

0.65

4.26

4.07

4.03

4.00

3.90

3.81

Government

0.00

Public

1.10

1.16

1.85

1.96

1.99

2.10

2.20

Punjab & Sind Bank

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

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Cash Flows

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Shareholding Pattern

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Punjab & Sind Bank

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI