PUNJAB & SIND BANK - 533295 - Brief Profile Of Shri.Shankar Lal Agarwal, As Part-Time Non-Official Director On The Board Of The Bank.
This is in continuation to our letter dated 21.12.2021 regarding nomination of Shri Shankar Lal Agarwal as Part-Time Non Official Director on the Board of Directors of Punjab & Sind Bank Please find attached herewith a brief profile of Shri.Shankar Lal Agarwal. Hope you will find the same in order. PUNJAB & SIND BANK - 533295 - Punjab & Sind Bank - Disclosure Under Regulation 57(4) (LODR)
Pursuant to Regulation 57(4) of SEBI (LODR) Regulations, 2015, it is informed that no interest / dividend / principal obligations on non-convertible bonds is payable during the Quarter January 2022- March 2022. We request you to take note of the above pursuant to Regulation 57(4) of SEBI (LODR) Regulations, 2015 and upload the information on your website. PUNJAB & SIND BANK - 533295 - Closure of Trading Window
In terms of Punjab & Sind Bank Code of Conduct to Regulate, Monitor and Reporting Trading by Insiders, framed as per SEBI (Prohibition of Insider Trading) Regulations, 2015, the Trading Window shall remain closed, for all designated/connected persons, from 01.01.2022 till 48 hours after the date of the Board meeting held to take on record the financial results for the Quarter / Nine Month period ended 31.12.2021 i.e. Quarter 3 FY 2021-22. PUNJAB & SIND BANK - 533295 - Announcement under Regulation 30 (LODR)-Change in Directorate
This is to inform that Government of India, Ministry of Finance, Department of Financial Services, vide notification no. F.No.6/6/20121-BO.I dated 21.12.2021, in exercise of the powers conferred by clause (h) of sub-section (3) and sub-section (3A) of Section 9 of The Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980 read with sub-clause (1) of clause (3) of the Nationalised Banks (Management and Miscellaneous Provisions) Scheme, 1980, has nominated Shri Shankar Lal Agarwal as Part-Time Non Official Director on the Board of Directors of Punjab & Sind Bank for a period of three years from the date of notification or until further orders, whichever is earlier. We will be submitting the brief profile and Form B of Shri Shankar Lal Agarwal in due course. We request you to take note of the above pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. PUNJAB & SIND BANK - 533295 - Announcement under Regulation 30 (LODR)-Strikes /Lockouts / Disturbances
STRIKE BY UNITED FORUM OF BANK UNIONS (UFBU) - (AIBEAAIBOC-NCBE-AIBOA-BEFI-INBEF-INBOC) & BANK KARMACHARI SENA MAHASANGH (BKSM) This is to inform that United Forum of Bank Unions ( UFBU) - (AIBEAAIBOC-NCBE-AIBOA-BEFI-INBEF-INBOC) & Bank Karmachari Sena Mahasangh ( BKSM) have given a notice calling for All India Bank Strike on 16th December, 2021 and 17th December, 2021. If the strike materialises, a certain section of the Bank's employees may participate in strike on these said dates, in which case, it is likely that the normal functioning of the branches / offices of the Bank may get affected. The Bank is taking all necessary steps in terms of the existing guidelines to deal with the strike and for smooth functioning of Bank's branches / offices PUNJAB & SIND BANK - 533295 - Disclosure of divergence in the asset classification and provisioning by banks
Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and with reference to SEBI Circular Number CIR/CFD/CMD1/120/2019 dated October 31, 2019, the divergence in the asset classification and provisioning as per the RBI's Risk Assessment Report as on March 31, 2021 is attached herewith Punjab & Sind Bank - 533295 - Disclosure Of Related Party Transactions For The Half Year Ended 30.09.2021
In Compliance with the Regulation 23(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find the enclosed Disclosure of Related Party Transactions of the Bank on consolidated basis in the format specified in accordance with applicable accounting standards for the Half Year ended September 30, 2021. Q2FY22 Quarterly Result Announced for Punjab & Sind Bank
Q2 FY- 2022 Highlights (Y-o-Y): Cost of Deposits (COD) at 4.30%, improved by 95 bps . Net NPA ratio reduced from 5.87% to 3.81% . Total Business grew by 15.89%, to Rs.169484 Cr . Total deposits grew by 20.52% & stood at Rs.101910 Cr . Gross Advances grew by 9.53% Net Profit stands at Rs.218 Cr for Q2FY22 against Net Loss of Rs.401 Cr for Q2FY21. The same is up by 25.29% on a QoQ basis. Operating Profit has shown a growth of 20.29% on YoY basis to Rs.249 Cr for Q2FY22 as against Rs.207 Cr for Q2FY21 Return on Equity improved to 16.16% in Q2 FY22 from (65.58)% in Q2 FY 21. Gross Non-Performing Assets (GNPA) stood at Rs.9823 Cr (14.54%) as on Sept 2021 as against Rs.9055 Cr (13.33%) in June 2021. The same was at Rs.8673 Cr (14.06%) as on Sept 2020 . Net Non-Performing Assets (NNPA) ratio reduced to 3.81 % as on Sept 2021 against 5.87% as on Sept 2020. The same was 3.61% as on June 2021 . Provision Coverage Ratio (PCR) improved further at 84.44% as on Sept 2021 as against 76.12% in Sept 2020 and 84.22% as on June 2021. Bank's Total Capital Adequacy Ratio (CRAR) is at 17.92 % with 681 bps YoY increase. On QoQ basis, it increased by 30 bps from 17 .62% as on June 2021. The Bank has achieved National Goals in Priority Sector & Agriculture Credit with 47.37% and 19.43% of ANBC in Sept 2021, as against the National Goal of 40% and 18%, respectively. Credit to Small and Marginal Farmers stood at Rs.6996 Cr in Sept 2021 i.e. 11.07% of ANBC, which is above the regulatory target of 9%. Total Business grew by 15.89% on YoY basis to Rs.169484 Cr as on 30.09.2021 as against Rs.146251 Cr as on 30.09.2020. The same is up by 1.85% on QoQ basis. Total Deposits up by 20.52% on YoY basis & 3.49% on QoQ basis to Rs.101910 Cr from Rs.84559 Cr as on 30.09.2020 & Rs.98478 Cr as on 30.06.2021. CASA stood at 30.24% of Total Deposits as on 30.09.2021 and the same grew by 13.09% (YoY) to Rs.30820 Cr from Rs.27253 Cr as on 30.09.2020. Gross Advances stood at Rs.67574 Cr as at Sept 2021 with growth of 9.53% (YoY). RAM (Retail, Agriculture & MSME) loan portfolio grew by 7.29% on YoY basis. Retail, Agriculture and MSME loan portfolio grew by 2.45%, 11.58% and 7 .60% respectively. Result PDF PUNJAB & SIND BANK - 533295 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Reviewed Unaudited Financial Results of the Bank for the Quarter (Q2) / Half Year ended September 30, 2021 were taken on record / adopted by the Board of Directors of the Bank, in its meeting held on 01.11.2021 and this was informed to the Stock Exchanges. The results were published in Business Standard (English & Hindi) on 02.11.2021. We are enclosing a copy of newspapers wherein the Reviewed Unaudited Financial Results of the Bank for the Half Year / Quarter (Q2) ended September 30, 2021 were published. Punjab & Sind Bank Q2 rises 25.29% sequentially
Gross non performing assets stood at 9,823 crore as on September-end 2021 as against 9,055 crore in June-end 2021