Live Punjab & Sind Bank Share Price Chart

O 58.55

H 58.55

L 58.55

VOL 16924

Punjab & Sind Bank Performance

Days Range

Low: ₹57.05
High: ₹60.00
Previous Close ₹60.65
Open ₹58.55
Volume 14,94,105
Day’s Range ₹57.05 - ₹60.00
52W Range ₹26.60 - ₹77.50
Market Cap ₹41,080 Cr

Punjab & Sind Bank Fundamentals

ROCE (TTM) 1.38
P/E Ratio (TTM) 44.9
P/B Ratio 2.87
Industry P/E 15.77
Debt to Equity NA
ROE 6.37
EPS (TTM) 1.35
Dividend Yield 0.79
Book Value 21.14
Face Value 10

Punjab & Sind Bank Financials

Mar 2023Jun 2023Sep 2023Dec 2023
Profit before tax593.13234.24295.25180.7
Net Profit456.99152.67189.09114.31
EPS in Rs0.670.230.280.17

About Punjab & Sind Bank

History

In April 1980, the Bank was one of the 6 banks nationalised by the Indian government. The name was changed to Punjab & Sind Bank. On March 22, 1986, the Bank established the Sutlej Gramin Bank as a Regional Rural Bank in Punjab.

In July 2004, the Bank collaborated with ICICI Bank Ltd to launch the ‘Punjab & Sind Bank-ICICI Bank Credit Card’. The bank made a special tie-up arrangement for a non-life insurance business with Bajaj Allianz General Insurance Company as well as life insurance business arrangements with Aviva Life Insurance Company India Pvt Ltd. Based on these agreements, they would provide their customers with all the insurance-related services under one roof. 

On June 24, 2010, the first CBS branch was rolled out. On February 24, 2010, the Bank signed a 10-year contract with the IT giant Wipro Ltd for comprehensive IT services for Punjab & Sind Bank. The bank was listed on December 30, 2010. As of March 31, 2023, the total branch network stood at 1531 branches and ATM network at 1097.

Business Segments

As per their accounts, the bank has the following business segments:

  1. Treasury – This segment primarily comprises returns or interest gains or losses from investment operations and foreign exchange trading activities. The primary expenses of the segment include interest expense on borrowed funds and other associated costs. In FY 2023, this segment brought in 26% of the total revenue.
  2. Corporate and Wholesale Banking –  The corporate or wholesale banking segment caters to the lending needs of corporate clients. Revenues in this segment stem from interest earned on loans extended to corporate customers and fees derived from other banking services. In FY 2023, this segment brought in 34% of the total revenue.
  3. Retail Banking – The retail banking segment focuses on providing loans to non-corporate customers, as per RBI guidelines. In FY 2023, this segment brought in 39% of the total revenue.
    1. Digital Banking – Retail banking includes digital channels for retail operations and this sub-segment is known as digital banking.
    2. Other Retail Banking – This comprises the traditional physical retail banking processes.
  4. Other Banking Operations – This segment encompasses income derived from non-traditional banking activities, such as debit cards, third-party product distribution, and associated costs.

Subsidiaries

The bank does not have any subsidiaries as of March 31, 2023.

Key Personnel

Mr Swarup Kumar Saha, MD & CEO

Mr Saha assumed charge as MD and CEO of the bank on June 3, 2022. Before this, he was the executive director of Punjab National Bank since March 10, 2021. Mr Saha started his career in banking in the erstwhile Oriental Bank of Commerce in 1990 as a probationary officer. He has wide exposure in Human Resource Development,  International Banking, Treasury, Credit, Risk Management, Organisation Restructuring and Board matters.

Corporate Actions

The company has not seen any major corporate actions in recent years.

Parent Organisation GoI - PSB
Founded 1908
Managing Director Charan Singh
NSE Symbol PSB

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Punjab & Sind Bank FAQs

What is the Share price of Punjab & Sind Bank (PSB)?

Punjab & Sind Bank (PSB) share price as of April 15, 2024, on NSE is Rs 59.20 (NSE) and Rs 59.31 (BSE) on BSE.

Can I buy Punjab & Sind Bank (PSB) shares?

Yes, You can buy Punjab & Sind Bank (PSB) shares by opening a Demat account with Angel One.

How do I buy Punjab & Sind Bank (PSB) from Angel One?

Punjab & Sind Bank (PSB) share can be brought through the following modes:
  1. Direct investment: You can buy Punjab & Sind Bank (PSB) shares by opening a Demat account with Angel One.
  2. Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to Punjab & Sind Bank (PSB) shares.

Is Punjab & Sind Bank a Debt free Company?

No, Punjab & Sind Bank is not a debt free company.

What is the main business of Punjab & Sind Bank?

The main business of Punjab & Sind Bank is to offer banking services, such as personal laons, home loans, vehicle loans, Mudra loans, MSME loans, KCC loans, agriculture services, term deposits, investment services, social banking, international banking, and digital banking.

Who are the promoters of Punjab & Sind Bank?

The main promoter of Punjab & Sind Bank is the President of India with 98.25% shareholding as on 31st December 2022.

How many branches does Punjab & Sind Bank have?

Punjab & Sind Bank has 1,528 branches, with 1,190 in northern region, 111 in western region, 52 in southern states, 57 in central areas, 91 in eastern areas, and 27 in north-eastern areas, as on 31st December 2022.