Punjab & Sind Bank(PSB)

NSE: PSBBSE: 533295

₹ 18.25-10.36%refreshed 23 Oct, 03:51 pm ISTMarket cap: ₹ 12,949 crWebsite: www.psbindia.comUpdated: 24 Oct 2026

About

Punjab & Sind Bank (PSB) is a government-owned public sector bank headquartered in New Delhi, offering retail, corporate, and treasury banking services across India. As of September 2026, the bank reported total business of Rs 2,79,328 crore, with gross advances of Rs 1,26,011 crore and total deposits of Rs 1,53,317 crore. The bank posted its highest-ever annual net profit of Rs 1,322 crore in FY26, growing 30.12% year-on-year.^[1]

Business segments

Retail Banking was the largest segment in FY26 with 43.3% of segment revenue (Rs 5952.11 Cr); its share rose 18.4 percentage points over FY2019-FY2026.^[2]
Corporate/Wholesale Banking contributed 30.3% of segment revenue (Rs 4171.06 Cr) in FY26.^[2]
Treasury contributed 26.2% of segment revenue (Rs 3599.78 Cr) in FY26, its share down 2.1 percentage points over FY2019-FY2026.^[2]

Loan book and deposits

Gross advances reached Rs 1,26,011 crore as of Sep 2026, up 19.37% year-on-year; total deposits were Rs 1,53,317 crore, up 12.98% year-on-year.^[1]
RAM (Retail, Agri, MSME) advances reached 60.02% of total advances in Q1 FY27, up from 54.00% in Jun 2025; management targets 64 - 65% by end of FY27.^[3]
Within RAM, Q1 FY27 growth rates were: Retail +36.44%, MSME +32.71%, and Agri +25.85% year-on-year.^[3]
CASA ratio stood at 30.06% in Q1 FY27, down 53 basis points year-on-year; deposit growth of 12.16% year-on-year in Q1 FY27.^[3]
CD ratio was 82.19% as of September 2026.^[1]
Gold loan portfolio within retail reached Rs 7,863 crore (25.53% of the retail book) in Q1 FY27, up from Rs 1,404 crore in Jun 2025; total gold loan co-lending book stands at ~Rs 10,000 crore.^[3]

Key operating metrics

NIM recovered to 2.53% in Q1 FY27 from 2.49% in Mar 2026, following the bank's exit from a low-yielding Rs 5,000 crore central government guaranteed account.^[3]
Cost-to-income ratio was 60.21% in Q1 FY27, down from 60.55% in Jun 2025 and 60.97% for full-year FY26.^[3]
Core fee income rose 13.89% year-on-year to Rs 164 crore in Q1 FY27; full-year FY27 target set at Rs 900 - 1,000 crore.^[3]
CRAR stood at 17.61% in Q1 FY27; CET-1 (including CCB) at 16.56%.^[3]

Asset quality

Gross NPA declined to 2.21% in Q1 FY27, down from 3.34% in Jun 2025; Net NPA fell to 0.65% from 0.91%.^[3]
Provision Coverage Ratio (with technical write-offs) improved to 92.33% in Q1 FY27, up from 91.77% in Jun 2025.^[3]
Annualised slippage ratio was 0.72% in Q1 FY27; annualised credit cost was 0.43%. Collection efficiency rose to 95% from 67% in March 2022.^[3]
In FY25, the bank transferred 3 NPA accounts to ARC/NARCL for Rs 491.86 crore.^[4]

Branch network and distribution

The bank operates across five zonal offices (expanded from two in Q1 FY27) and 33 regional offices, with CENMARG back-office sanctions consolidated into the five zones.^[3]
Three new zonal offices were opened at Kolkata, Delhi and Lucknow in FY26; four new regional offices at Raipur, Bangalore, Shimla and Bhubaneswar were also added.^[5]
The bank has 7 specialised Asset Recovery Branches focused on NPA/DRT accounts and a dedicated SAMVERT vertical at Head Office for accounts with outstanding above Rs 25 crore.^[4]
Business Correspondent network stood at 3,027 as of Q4 FY26; target is to scale to more than 4,000 BCs by end of FY27.^[5]

Products and digital channels

PSB e-Apna Ghar digital home loans cover Rs 10 lakh to Rs 100 lakh; in Q3 FY26, 40% of housing loans were sanctioned digitally or via digitally-assisted journeys.^[4]
PSB e-Apna Vahan provides fully online 2- and 4-wheeler loans up to Rs 25 lakh; about 60% of vehicle loans were sanctioned through the digital STP journey as of Sep 2025.^[4]
e-Shishu Mudra offers fully digital loans up to Rs 50,000 for micro entrepreneurs; e-KCC provides digital Kisan Credit Cards up to Rs 2 lakh for new applications.^[4]
TREDS exposure reached Rs 2,000 crore by Sep 2025; co-lending platform has 11 NBFC partners with a book exceeding Rs 10,000 crore, plus 85 builder tie-ups and dealer partnerships with Mahindra and Maruti.^[6]
PSB UniC Biz is a unified digital banking app for corporate customers; PSB UniC 2.0 (unified assets and liabilities platform) is targeted for launch by end of FY27.^[4]

Key partnerships and customer segments

MoUs signed with Indian Army, Indian Air Force, Indian Navy, Indian Coast Guard, Assam Rifles, and ITBP for salary and pension accounts and tailor-made retail lending products.^[4]
MoUs with Maruti Suzuki India and Mahindra & Mahindra for vehicle loan sourcing, and with Nestlé India for financing milk-supplying farmers up to Rs 25 lakh.^[4]
Mutual fund distribution introduced in partnership with Finwizard Technology Private Limited (FISDOM) to add non-fund income and augment CASA.^[4]

Expansion and strategic targets

Board approved a total business target of Rs 4,00,000 crore by FY29 (from Rs 2,63,652 crore at FY26 end), with a near-term milestone of Rs 3,00,000 crore in FY27.^[5]
200 new branches planned for FY27; IT and digital budget doubled (2x) in FY27 versus prior year.^[5]
GIFT City branch targeted to open in November 2026 (Q3 FY27); RBI approval received and team in place with IT work ongoing.^[3]
Advances growth guidance upgraded to 18 - 20% for FY27 (from 16 - 18%); undisbursed sanctions pipeline of Rs 15,000 crore as of Q1 FY27.^[3]
Digi Gold loans, CBDC, and digital loan against mutual funds were planned for launch shortly, per the Q1 FY27 earnings call.^[3]

Recent developments

For FY2025-26 the Board recommended a dividend of Rs.0.39 per equity share of Rs.10, subject to approval at the 16th AGM on 28 July 2026; record date 21 July 2026.^[7]

Market Cap

₹12,949 Cr

High / Low

₹32 / 18

Stock P/E

8.6

Price / Book

0.9

Book Value

₹10

EPS

₹1.9

No. of Shares

709.56 Cr

ROE

9.6%

Sales

₹11,982 Cr

Net Profit

₹1,322 Cr

Promoter holding

93.8%

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Punjab & Sind Bank(PSB)

About

Business segments

Loan book and deposits

Key operating metrics

Asset quality

Branch network and distribution

Products and digital channels

Key partnerships and customer segments

Expansion and strategic targets

Recent developments

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