Punjab & Sind Bank surges on reporting 7.37% rise in total deposits during Q4FY23!

Punjab & Sind Bank surges on reporting 7.37% rise in total deposits during Q4FY23!

by 5paisa Research Team Last Updated: Apr 06, 2023 - 05:49 pm 312 Views

Shares of the company gained more than 60% in the last six months.

Business as of March 31, 2023 (Q4FY23)

Punjab & Sind Bank’s total deposits grew 7.37% to around Rs 1,09,668 crore as of March 31, 2023 (Q4FY23), as compared to Rs 1,02,137 crore on a yearly basis. Quarterly, the deposits stood at Rs 109497 crore as of December 2022.

Gross Advances stood at around Rs 81544 crore as of March 31, 2023, posting a 15.85% rise in year-on-year (YoY) terms against Rs 70387 crore as of March 31, 2022, and on a quarter-on-quarter (QoQ) basis stood at Rs 77745 crore in December 2022. The CASA deposits were up 6.68% to around Rs 36834 crore as of March 31, 2023, against Rs 34528 crore YoY. CASA ratio reached 33.59% (Q4FY23) from 33.30% (Q3FY23).

Total Business stood at Rs 191212 crore (provisional) as of March 31, 2023, posting a 10.83% rise year-on-year against Rs 172524 crore as of March 31, 2022.

Share price movement of Punjab & Sind Bank Limited

Today, the stock opened at Rs 26.06, with a high and low of Rs 26.79 and Rs 25.57. The stock previously closed at Rs 26.04. The stock closed trading today at Rs 26.39, up by 1.34%. The stock has a 52-week high of Rs 44.65 and a 52-week low of Rs 12.50.

Company profile

Punjab & Sind Bank’s primary business is taking deposits, and making advances and investments, and is principally divided into retail banking, corporate banking, priority sector banking, treasury operations and other banking services such as agency functions for insurance, distribution of mutual funds and pension and tax collection services.


How do you rate this article?

or

Start Investing in 5 mins*

Rs. 20 Flat Per Order | 0% Brokerage

About the Author

Our research team is composed of some highly qualified research professionals, their expertise range across sectors.

Disclaimer

Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.

Open Free Demat Account

Resend OTP
Please Enter OTP
Account belongs to

By proceeding, you agree to the T&C.

Latest News
How PFC F&O contracts will be adjusted for special dividend

In its Board Meeting held on 27th May 2023, the board of directors of Power Finance Corporation (PFC) Ltd has approved an Interim Dividend pay-out of ₹4.50/- per equity share of face value of ₹10/- each.

  • Jun 09, 2023
What you must know about Cell Point IPO

Cell Point (India) Ltd is one of the largest retail outlets for mobile phones and other electronic accessories in South India.

  • Jun 09, 2023
Sahana Systems IPO GMP (Grey Market Premium)

Sahana Systems IPO worth ₹32.74 crore comprises entirely of a fresh issue of shares by the company. The price band has been fixed in the range of ₹132 to ₹135.

  • Jun 09, 2023

Start Investing Now!

Open Free Demat Account in 5 mins

Enter Valid Mobile Number