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PSU banks: A real comeback; is a basket or an individual stock the better option? 13 PSU banks, 8 with upside potential of up to 27%When it comes to a change in a policy framework some things are inevitable. For instance, it brings both opportunities and complexity. Why ...
Punjab & Sind Bank shares soar 12% as Q3 PAT jumps 147% YoY; NII surges by 27%Punjab & Sind Bank posted a robust 74.73% YoY growth in operating profit, reaching Rs 484 crore in Q3 FY25, up from Rs 277 crore in the sam...
Punjab & Sind Bank Q3 Results: Net profit more than doubles to Rs 282 crore as bad loans declinePunjab & Sind Bank Q3 Results: The bank's total income rose to Rs 3,269 crore during the quarter under review, up from Rs 2,853 crore in th...
PSU bank stocks rally up to 18%. What's the good news?Punjab & Sind Bank, Indian Overseas Bank, UCO Bank, Central Bank, and Bank of Maharashtra have received approval to raise Rs 2,000 crore ea...
Will the outperformance continue? Understanding risks a must. 13 PSU banks, 7 with an upside potential of up to 37%Which is the sector where there is, literally, no small-cap company? The answer: PSU banks. In terms of market cap, none of the banks fall ...
UCO Bank, Punjab & Sind Bank shares fall over 4% post Q4 earningsUCO Bank and Punjab & Sind Bank's shares fell over 4% after posting Q4 FY23 earnings. UCO Bank recorded its highest-ever net profit of Rs 1...
Smart Talk: Not the end of rally in all PSU bank stocks, says this fund manager'It has been observed that markets remain in positive terrain in the last 5 trading sessions of December and the first 2 sessions of Januar...
Punjab & Sind Bank profit rises 18 pc to Rs 205 crore in April-JuneThe total income of the bank during the reporting quarter declined to Rs 1,91,547 crore from Rs 2,03,961 crore recorded in the same quarter...
Punjab & Sind Bank gets Board nod to raise Rs 4,600 cr by issuing shares to govtThe board of directors has approved to offer, issue, create and allot equity shares up to Rs 4,600 crore to the government by way of prefer...
Punjab & Sind Bank rises 13% as govt likely to infuse funds in lenderIn other news, the public sector lender said that it has declared IL&FS Tamil Nadu Power Company, with dues of over Rs 148 crore, as a frau...
Punjab & Sind Bank Q3 Results: Lender reports net profit of Rs 301 crNet interest income was up by 23.1 per cent to Rs 758 crore, from Rs 616 crore.
P&SB adjusts net loss for FY21 at Rs 2,750 cr after divergence in asset classificationWhereas the bank reported gross non-performing assets (NPAs) at Rs 9,334 crore, the Reserve Bank assessed it at Rs 9,363 crore, thus leadin...
Punjab & Sind Bank sets off accumulated losses of Rs 3,577 crThe bank, "subsequent to the approval of the Reserve Bank of India, has appropriated accumulated losses of Rs 3,577.55 crore from share pre...
Punjab & Sind Bank Q1 results: Co reports net profit at Rs 174 crThe total income of the bank during Q1FY22 rose to Rs 2,039.61 crore from Rs 1,954.39 crore in Q1FY21, Punjab & Sind Bank said in a regulat...
Punjab & Sind Bank shares jump; lender turns profitable after 8 quartersThe state-run bank turned profitable in the fourth quarter of FY21 after eight consecutive quarters of losses.
Govt infuses Rs 5,500 crore equity capital into Punjab & Sind BankThe shareholders approved the allotment of shares to the government with requisite majority of 99.018 per cent, cast in favour of the resol...
Punjab & Sind Bank to allot shares worth Rs 5,500 crore to govt in lieu of capital infusionAn extraordinary general meeting of the shareholders of the bank is scheduled on March 25, 2021 for preferential issue of equity shares to ...
Trending stocks: Punjab & Sind Bank shares down over 2%Shares of Punjab & Sind Bank traded -2.51 per cent down in trade at 01:06PM on Monday.