Public-sector Indian bank offering retail, agri, MSME and corporate banking via its branch and ATM network.
Reported
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 3,394 | +13.2% YoY | Quarterly, as filed | Quarter to Sept 2026 | Revenue from operations as filed. |
| Operating margin | Operating profit / revenue | Quarter to Sept 2026 | Not in the filed figures for the quarter to sept 2026. No older figure is substituted. | ||
| Net profit | 412 | +39.7% YoY | Quarterly, as filed | Quarter to Sept 2026 | Profit after tax as filed. |
| Return on equity | 10.33 | +2.6 pts | Trailing twelve months | TTM to Sept 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | Fiscal year | FY ending Mar 2026 | Not in the analysed materials. No older figure is substituted. | ||
| Revenue growth (YoY) | 5.66 | −14.1 pts | Trailing twelve months | TTM to Sept 2026 | Revenue change against the same period one year earlier. |
Guidance
7 of 10 judged targets kept · 20 open · verdicts reflect calls analysed to Q1 FY27.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| RAM Segment Mix | 56%+ | Q2 FY25 | Promise concluded and achieved in a prior period. | Achieved |
| NIM | 2.75%+ | Q2 FY25 | Promise concluded and missed in a prior period. | Missed |
| Advances Growth | 16% to 18% for FY27 | Q4 FY26 | Guidance revised up to 18-20% for FY27, as Q1 YoY growth was a strong 19.35%, already exceeding the original target range. | Revised Up |
3 of Punjab & Sind Bank's 30 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 27 more targets are in the full ledger.
Claimed
Qualified
Price
1Y: ₹30.76 on 24 Oct 2025 → ₹19.6. High ₹31.86 (3 Nov 2025), low ₹18.21 (23 Oct 2026).
Overview
Based on the company's own presentations, annual report and earnings calls.
Punjab & Sind Bank is a government-owned scheduled commercial bank that takes deposits and extends loans to retail, agriculture, MSME and corporate customers across India. It earns through interest on advances and investments plus fee income from trade finance, ATM transactions, cross-selling of third-party products and other banking services. The bank organises its operations through zonal offices and a network of branches, ATMs and Business Correspondents, alongside dedicated treasury operations for its investment book. It also lends under RBI-mandated priority-sector categories such as agriculture and small/marginal farmers.
Segments
close before → close after
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Guidance
7 of 10 judged targets kept · 20 open · verdicts reflect calls analysed to Q1 FY27.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| RAM Segment Mix | 56%+ | Q2 FY25 | Promise concluded and achieved in a prior period. | Achieved |
| NIM | 2.75%+ | Q2 FY25 | Promise concluded and missed in a prior period. | Missed |
| Advances Growth | 16% to 18% for FY27 | Q4 FY26 | Guidance revised up to 18-20% for FY27, as Q1 YoY growth was a strong 19.35%, already exceeding the original target range. | Revised Up |
Claimed
Qualified
The full ledger
A free account opens 5 company ledgers a month. All 30 tracked commitments, with each call’s wording and source.
Call summaries
Punjab & Sind Bank Q1 FY27
Punjab & Sind Bank reported a robust Q1 FY27 with strong advances growth and improved asset quality, leading to a 23.05% increase in net profit. While core NII showed healthy growth, operating profit remained flat due to treasury fluctuations. The bank is proactively provisioning for ECL and rebalancing its portfolio towards high-yielding RAM segments, despite some QoQ subdued growth and MSME slippages.
Read the full callPun. & Sind Bank Q4 FY26
Punjab & Sind Bank reported a strong Q4 FY26, achieving its highest ever net profit of Rs.1,322 Crore, a 30.12% YoY growth. The bank saw robust business expansion with total business growing 14.94% to Rs.2,63,652 Crore, driven by 18.29% growth in gross advances. Asset quality improved significantly with GNPA at 2.4% and NNPA at 0.79%. However, the bank noted a continuous quarter-on-quarter reduction in NIM, which stood at 2.55% for the 12-month period, and an uptick in slippages in Q4, mainly from MSME accounts.
Read the full callPun. & Sind Bank Q3 FY26
Punjab & Sind Bank (PSB) delivered a steady Q3 FY26 performance characterized by robust credit growth in high-yield segments and continued improvement in asset quality. The bank is successfully shifting its portfolio mix toward Retail, Agri, and MSME (RAM) sectors, which now constitute 57.45% of advances. While NIMs face systemic pressure, management is focused on core fee income and aggressive recovery to drive RoA toward a 1% target by FY27.
Read the full callEvery analysed call
Fundamentals
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
Net profit, year on year: +40% (quarter to sept 2026 against sept 2025).
| Line item | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 2,931 | 3,159 | 2,911 | 2,999 | 3,042 | 3,030 | 3,213 | 3,394 |
| Expenses | 902 | 1,356 | 1,046 | 967 | 1,037 | 787 | 920 | 948 |
| Other income | 338 | 677 | 469 | 374 | 507 | 427 | 332 | 352 |
| Interest | 1,992 | 2,037 | 2,010 | 2,049 | 2,056 | 2,055 | 2,175 | 2,234 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 375 | 442 | 323 | 357 | 456 | 615 | 451 | 565 |
| Tax rate | 25.0% | 29.0% | 17.0% | 18.0% | 26.0% | 31.0% | 27.0% | 27.0% |
| Net profit | 282 | 313 | 269 | 295 | 336 | 422 | 332 | 412 |
| EPS (₹ per share) | 0.42 | 0.44 | 0.38 | 0.42 | 0.47 | 0.59 | 0.47 | 0.58 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Sales | 7,992 | 9,694 | 11,481 | 11,982 |
| Expenses | 2,294 | 3,125 | 4,013 | 3,837 |
| Other income | 940 | 1,222 | 1,568 | 1,777 |
| Interest | 5,019 | 6,853 | 7,697 | 8,170 |
| Depreciation | 0 | 0 | 0 | 0 |
| Profit before tax | 1,620 | 937 | 1,337 | 1,751 |
| Net profit | 1,313 | 595 | 1,017 | 1,322 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 | Sept 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 6,778 | 6,778 | 7,096 | 7,096 | 7,096 | 7,096 |
| Reserves | 8,331 | 8,756 | 6,259 | 6,538 | 7,037 | 7,448 |
| Borrowings | 9,018 | 9,771 | 14,230 | — | 16,352 | 19,230 |
| Deposits | 1,09,665 | 1,19,410 | 1,29,774 | — | 1,45,829 | 1,53,312 |
| Other liabilities | 2,662 | 2,943 | 4,457 | 3,465 | 2,957 | 3,202 |
| Total liabilities | 1,36,455 | 1,47,657 | 1,61,815 | 1,65,342 | 1,79,270 | 1,90,288 |
| Fixed assets | 1,519 | 1,756 | 1,798 | 1,766 | 1,862 | 2,012 |
| Capital work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 44,838 | 49,599 | 46,912 | 48,573 | 49,388 | 50,907 |
| Other assets | 90,097 | 96,302 | 1,13,105 | 1,15,003 | 1,28,020 | 1,37,369 |
| Total assets | 1,36,455 | 1,47,657 | 1,61,815 | 1,65,342 | 1,79,270 | 1,90,288 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Return on equity | −39.0% | 9.0% | 9.0% | 4.0% | 7.0% | 10.0% |
| Dividend payout | 0.0% | 20.0% | 25.0% | 23.0% | 5.0% | 21.0% |
The businesses behind the company’s reported revenue.
Retail Banking contributes 44.2% of reported segment revenue.
Quarter ended 30 Jun 2026 · Standalone
₹1,566.72 crore
₹1,043.67 crore
₹927.56 crore
₹7.77 crore
| Business segment | Revenue · ₹ crore | Share |
|---|---|---|
| Retail Banking | 1,566.72 | 44.2% |
| Corporate/Wholesale Banking | 1,043.67 | 29.4% |
| Treasury | 927.56 | 26.2% |
| Other Banking Operations | 7.77 | 0.2% |
Share = segment revenue ÷ total segment revenue, before intersegment adjustments.
Intersegment transactions are between the company’s own businesses. Net segment revenue can differ from income-statement revenue because reporting definitions differ.
Source: FinEdge · Last checked 19 Sept 2026. Reported segment names are kept as supplied.
Ownership
Promoters hold 93.85% as of Sept 2026; institutions cut 0.04 pts since Jun 2026.
Named in the Sep 2026 filing
Every holder of Punjab & Sind Bank above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| 93.85% | unchanged | |
| Insurer | 1.33% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Filings to Sep 2026
0 new, 1 added, 0 trimmed, 0 sold out — net +1.94 L shares (+4.0%).
| Scheme | Holding | Last month | Held since |
|---|---|---|---|
| Nippon India ETF Nifty PSU Bank BeES Nippon India Mutual Fund | ₹11 Cr | +1.94 L | Mar '21 |
HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.
Mutual funds Sep 2026
1 added, 0 trimmed — net +1.94 L shares (+4.0%)
Shares held by these funds +349%
Oct '23 50.18 L shares Sep '26
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