PSB
Punjab & Sind Bank share price & financials
- Price
- ₹24.77
- Market cap
- ₹17.0k Cr
- Sector
- Financial Services
- Calls analysed
- 8
Punjab & Sind Bank Q1 FY27
What went well
- Overall business grew by 15.27% to ₹2,66,420 crores, driven by 12.16% deposit growth and 19.35% advances growth.
- Net Interest Income (NII) showed a strong 15.33% YoY increase, indicating improved core earnings.
- Net profit rose by 23.05% to ₹331 crores, despite fluctuations in non-interest income.
What to watch
- Operating profit remained flat at ₹545 crores, impacted by fluctuations in treasury gains and lower recovery from written-off accounts compared to the previous quarter.
- QoQ business growth was subdued at 1.05% for overall business, 1.25% for credit, and 0.89% for deposits, which was lower than other banks in the sector.
What Punjab & Sind Bank does
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
- Retail, Agriculture & MSME (RAM) Banking
- Corporate Banking
- Treasury Operations
- Priority Sector Lending
- Branch network
- 1,610 branches (as on 31 Mar 2025)
- ATM network
- 1,047 ATMs (as on 31 Mar 2025)
- Business Correspondents
- 2,083 BCs (as on Mar 2025)
- Zonal offices
- 25 Zones across India
- Dedicated Compliance Officers
- 15 DCOs covering all 25 Zones
Guidance record · Q1 FY27
what the last two calls moved 30 tracked 7 delivered 3 missed 20 open- RAM Segment Mix delivered said Q2 FY25 Promised: 56%+ Q1 FY27: Promise concluded and achieved in a prior period.
- NIM missed said Q2 FY25 Promised: 2.75%+ Q1 FY27: Promise concluded and missed in a prior period.
- Advances Growth revised up said Q4 FY26 Promised: 16% to 18% for FY27 Q1 FY27: Guidance revised up to 18-20% for FY27, as Q1 YoY growth was a strong 19.35%, already exceeding the original target range.
All 30 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue up 10.4%, net profit up 23.4% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,739 | 2,931 | 3,159 | 2,911 | 2,999 +9% | 3,042 +4% | 3,030 −4% | 3,213 +10% |
| Net profit | 240 | 282 | 313 | 269 | 295 +23% | 336 +19% | 422 +35% | 332 +23% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −22.1% 1Y
1Y: ₹29.19 on 10 Sept 2025 → ₹22.73. High ₹31.86 (3 Nov 2025), low ₹20.66 (30 Mar 2026).
How the price took the results
close before → close after
- Q1 FY27
- +0.3%
- 20 Jul
- Q4 FY26
- −2.4%
- 28 Apr
- Q3 FY26
- −3.5%
- 20 Jan
- Q2 FY26
- −2.1%
- 17 Oct
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.
Financials, as filed
Revenue grew 14.5% a year over 3 years, FY23 to FY26.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹8.0k Cr | ₹9.7k Cr | ₹11.5k Cr | ₹12.0k Cr |
| Interest | ₹5.0k Cr | ₹6.9k Cr | ₹7.7k Cr | ₹8.2k Cr |
| Depreciation | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Net profit | ₹1.3k Cr | ₹595 Cr | ₹1.0k Cr | ₹1.3k Cr |
| Net margin | 16.4% | 6.1% | 8.9% | 11.0% |
| ROE | 9.0% | 4.0% | 7.0% | 10.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹4.1k Cr | ₹6.8k Cr | ₹6.8k Cr | ₹6.8k Cr | ₹7.1k Cr | ₹7.1k Cr |
| Reserves | ₹4.3k Cr | ₹7.2k Cr | ₹8.3k Cr | ₹8.8k Cr | ₹6.5k Cr | ₹7.0k Cr |
| Borrowings | ₹2.6k Cr | ₹2.4k Cr | ₹9.0k Cr | ₹9.8k Cr | — | ₹16.4k Cr |
| Deposits | ₹96.1k Cr | ₹102.1k Cr | ₹109.7k Cr | ₹119.4k Cr | — | ₹145.8k Cr |
| Other liabilities | ₹3.4k Cr | ₹2.5k Cr | ₹2.7k Cr | ₹2.9k Cr | ₹3.5k Cr | ₹3.0k Cr |
| Total liabilities | ₹110.5k Cr | ₹121.1k Cr | ₹136.5k Cr | ₹147.7k Cr | ₹165.3k Cr | ₹179.3k Cr |
| Fixed assets | ₹1.6k Cr | ₹1.6k Cr | ₹1.5k Cr | ₹1.8k Cr | ₹1.8k Cr | ₹1.9k Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹32.0k Cr | ₹42.3k Cr | ₹44.8k Cr | ₹49.6k Cr | ₹48.6k Cr | ₹49.4k Cr |
| Other assets | ₹76.9k Cr | ₹77.2k Cr | ₹90.1k Cr | ₹96.3k Cr | ₹115.0k Cr | ₹128.0k Cr |
| Total assets | ₹110.5k Cr | ₹121.1k Cr | ₹136.5k Cr | ₹147.7k Cr | ₹165.3k Cr | ₹179.3k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, the public added +0.39 pp while DIIs trimmed −0.27 pp.
- Promoters
- 93.8%
- FIIs
- 0.1%
- DIIs
- 3.8%
- Public
- 2.2%
Since Jun 2025
- Public +0.39 pp
- DIIs −0.27 pp
- FIIs −0.11 pp
How it drifted, 12 quarters
Over this window promoters fell from 98.3% to 93.8% — −4.4 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 98.3%, FIIs 0.0%, DIIs 0.7%, Public 1.1%.Dec '23: Promoters 98.3%, FIIs 0.0%, DIIs 0.7%, Public 1.1%.Mar '24: Promoters 98.3%, FIIs 0.0%, DIIs 0.7%, Public 1.1%.Jun '24: Promoters 98.3%, DIIs 0.7%, Public 1.1%.Sep '24: Promoters 98.3%, DIIs 0.7%, Public 1.1%.Dec '24: Promoters 98.3%, DIIs 0.7%, Public 1.1%.Mar '25: Promoters 93.8%, FIIs 0.7%, DIIs 4.3%, Public 1.1%.Jun '25: Promoters 93.8%, FIIs 0.3%, DIIs 4.1%, Public 1.8%.Sep '25: Promoters 93.8%, FIIs 0.2%, DIIs 4.0%, Public 2.0%.Dec '25: Promoters 93.8%, FIIs 0.2%, DIIs 4.0%, Public 2.0%.Mar '26: Promoters 93.8%, FIIs 0.1%, DIIs 3.9%, Public 2.1%.Jun '26: Promoters 93.8%, FIIs 0.1%, DIIs 3.8%, Public 2.2%.
Who is on the register
Named in the Jun 2026 filing
Every holder of Punjab & Sind Bank above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| President Of India | 93.85% | unchanged |
| Life Insurance Corporation Of India 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.
Mutual funds in PSB
Filings to Aug 2026
0 new, 0 added, 1 trimmed, 0 sold out — net −0.94 L shares (−1.9%).
- Held by funds
- ₹11 Cr
- 1 schemes
- Biggest holder
- Nippon India ETF Nifty PSU Bank BeES
- ₹11 Cr · 0.3% of that fund
| Scheme | Holding | Last month | Held since |
|---|---|---|---|
| Nippon India ETF Nifty PSU Bank BeES Nippon India Mutual Fund | ₹11 Cr | −0.94 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 Aug 2026
0 added, 1 trimmed — net −93,733 shares (−1.9%)
- Funds are sitting on
- -21%
- vs est. average cost
- Held by funds
- ₹11 Cr
- 1 schemes · ≈ 0.07% of the company
Shares held by these funds +211%
Aug '23 49.18 L shares Jul '26
All earnings calls (7)
Read the Q1 FY27 call →Learn to analyse Punjab & Sind Bank
Guides on how to read this kind of business and the numbers that matter.