PUNJAB & SIND BANK

Punjab & Sind Bank announced the nomination of Shri Kristam Subba Raju Guptha as a Part-Time Non-Official Director on its Board. This appointment was made by the Central Government in exercise of powers conferred by the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980. Shri Guptha's tenure will be for a period of 3 years from August 12, 2026, or until further orders. The bank will submit his brief profile separately. This change is in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Punjab & Sind Bank reported its reviewed unaudited financial results for the quarter ended June 30, 2026. Net profit saw a significant year-on-year growth of 23.05%, increasing from ₹269 Cr to ₹331 Cr. Net Interest Income also grew by 15.33% to ₹1038 Cr. The bank demonstrated improved asset quality with Gross NPA decreasing by 113 bps to 2.21% and Net NPA by 26 bps to 0.65%. Total business registered a robust growth of 15.27%, reaching ₹266420 Cr, driven by a 19.35% increase in total advances. Return on Assets and Return on Equity also showed improvement.

Punjab & Sind Bank announced that its Board of Directors, in a meeting held on July 18, 2026, approved the Reviewed Unaudited Financial Results for the quarter ended June 30, 2026. The bank also confirmed that there was no deviation or variation in the utilization of funds raised during the quarter. A Security Cover Certificate as of June 30, 2026, was also provided. The financial results and related reports have been submitted and are available on the bank's website.

Punjab & Sind Bank's Q1 FY27 standalone net profit rose 23.2% YoY to ₹331.5 Cr (₹269.2 Cr a year ago), with total income up 2.3% to ₹3,545.7 Cr. The headline profit growth is asset-quality-led rather than income-led: operating profit before provisions was essentially flat at ₹545.5 Cr (₹540.1 Cr YoY), and the entire PBT jump (₹451.5 Cr vs ₹323.0 Cr, +39.8%) came from a ₹123 Cr fall in provisions & contingencies to ₹94.0 Cr from ₹217.4 Cr. Higher tax (₹120.0 Cr vs ₹53.9 Cr) then trimmed the PAT gain to 23%. Underneath, the core franchise did the heavy lifting on the interest line while non-interest income dragged. Net interest income grew ~15.4% YoY to ₹1,038.7 Cr on strong loan growth — gross advances up ~19.5%/₹1,19,440 Cr and total business +15.33% to ₹2,66,574 Cr — but other income fell 29% YoY to ₹332.4 Cr, which is why operating profit stalled despite the NII strength. Asset quality improved markedly: gross NPA fell to 2.21% from 3.34% a year ago (2.40% in Q4), net NPA to 0.65%, PCR to 92.33%, and annualised ROA edged up to 0.73% from 0.67%. Sequentially, PAT is down 21% from Q4 FY26's ₹421.8 Cr, but that comparison is distorted — Q4 carried a ₹73 Cr provision write-back (provisions were negative ₹73.2 Cr) that inflated the base; this quarter provisions turned positive. Against management's April-2026 concall guidance (FY27 advances +16-18%, deposits +13-14%, GNPA below 2%), the print is broadly on track: advances growth beat the guide, deposits at +12.16% (₹1,47,134 Cr) ran slightly light, and GNPA at 2.21% is heading toward — but not yet below — the sub-2% target. The board also declared results alongside a July-21 record date for the FY26 final dividend, and the bank flagged a fresh IFSCA licence for its GIFT City unit. No brokerage consensus PAT estimate is on record for this thinly-covered PSU bank, and management issued no formal Q1 guidance.

Punjab & Sind Bank has announced that its Board of Directors will convene on July 18, 2026, in New Delhi. The primary agenda item is to consider and approve the Unaudited Reviewed Financial Results for the quarter ended June 30, 2026. Additionally, the trading window for designated persons, which closed on July 1, 2026, will remain shut until July 20, 2026, in accordance with the bank's insider trading code of conduct.

Punjab & Sind Bank has received a licence from the International Financial Services Centres Authority (IFSCA) to establish an IFSC Banking Unit at GIFT IFSC, Gandhinagar. This follows RBI's earlier permission granted to the bank for setting up this unit. The licence, granted on July 7th, 2026, allows the bank to operate an IFSC Banking Unit as a branch within the GIFT City.

Punjab & Sind Bank has submitted its Business Responsibility and Sustainability Report (BRSR) for the Financial Year 2025-26, in compliance with SEBI (LODR) Regulations, 2015. The report, which includes an Assurance Report on BRSR Core, has been hosted on the bank's website and referenced in the Annual Report. The filing provides comprehensive disclosures on the bank's corporate identity, operations, employee data, and market reach. The bank operates on a standalone basis and serves a diverse customer base across India. M/s S.P. Chopra & Co. provided reasonable assurance on the BRSR Core.

Punjab & Sind Bank has announced the details for its 16th Annual General Meeting (AGM), scheduled for Tuesday, July 28, 2026, at 11:00 a.m. The meeting will be conducted via Video Conferencing (VC) or Other Audio-Visual Means (OAVM). The record date for determining eligible shareholders is Tuesday, July 21, 2026. Book closure will be from July 22, 2026, to July 28, 2026. Remote e-voting will be open from Friday, July 24, 2026, to Monday, July 27, 2026. The bank also recommended a dividend of ₹0.39 per equity share for the fiscal year ended March 31, 2026, subject to shareholder approval.

Punjab & Sind Bank has submitted its Annual Report for the Financial Year 2025-26, in compliance with Regulation 34 of SEBI (LODR) Regulations, 2015. The report details the bank's performance and operations for the fiscal year. It is available on the bank's official website. The report also lists the Board of Directors, Chief Vigilance Officer, Chief General Managers, General Managers, and CXOs, including the MD & CEO, Executive Directors, and other key management personnel.

Punjab & Sind Bank has announced the record date for its final dividend for the financial year 2025-26. The record date has been set as Tuesday, July 21, 2026. This announcement follows a previous intimation regarding the bank's 16th Annual General Meeting (AGM), scheduled for Tuesday, July 28, 2026, which will be conducted via Video Conferencing (VC) or Other Audio-Visual Means (OAVM). Shareholders who hold shares by the record date will be eligible to receive the final dividend for the specified fiscal year.