Punjab & Sind Bank revises investor presentation

Punjab & Sind Bank has released a revised investor presentation, citing an inadvertent typographical error in the previous version. The updated presentation underscores the bank's sustainable growth profile since fiscal year 2022, emphasizing a diversified credit portfolio with an increasing share of retail, agriculture, and MSME (RAM) loans. Key highlights include a total business of ₹223,267 Cr, total deposits of ₹1,27,397 Cr, and total advances of ₹95,870 Cr as of December 31, 2024. The bank also boasts a strong capital adequacy with a CRAR of 15.95% and a focus on digital expansion through initiatives like the PSB UnIC mobile banking application. The presentation details the bank's financial performance, including a net profit of ₹703.05 Cr for the nine months ended December 31, 2024, and outlines key growth strategies focused on tailored RAM products and digital lending.