Punjab & Sind Bank announces strong provisional growth

Punjab & Sind Bank (BSE: PSB) today announced its provisional business figures for the period ending March 31, 2025, showcasing significant year-over-year growth. Total business reached INR2,29,831 crore, marking an 11.91% increase compared to the INR2,05,374 crore reported for the same period last year. The bank's total deposits grew by 8.68%, reaching INR1,29,780 crore from INR1,19,410 crore. CASA deposits also saw an uptick, rising to INR40,796 crore, a 5.39% increase. Gross advances experienced substantial growth, climbing to INR1,00,051 crore, a 16.39% surge from the previous year's INR85,964 crore. The bank's CD Ratio (Credit to Deposit Ratio) stood at 77.09%, up from 71.99%. The bank noted that these figures are provisional and subject to audit by the Central Statutory Auditors.