Punjab & Sind Bank

Punjab & Sind Bank will hold a board meeting on October 17, 2026, in New Delhi to consider and approve the bank’s unaudited reviewed financial results for the quarter ended September 30, 2026, according to a regulatory filing. The trading window for designated and connected persons will remain closed from October 1, 2026, to October 19, 2026, in accordance with the bank’s insider trading regulations.

Punjab & Sind Bank announced credit rating actions across several instruments from India Ratings, CARE Ratings, and India Ratings and Research. India Ratings upgraded the rating on Tier II Bonds amounting to 500 Crore to BWR A+ with a Stable outlook, while reaffirming the IND AA/Stable rating for Infrastructure Bonds totaling Rs 3000 crore and affirmed the IND AA/Stable rating for Infrastructure bonds amounting to 30,000, referencing the ISIN annexure; CARE Ratings assigned an initial rating of CARE A; Stable to Commercial Paper (CP) of 100 Crore; and India Ratings and Research Private Limited provided a rating for an unspecified instrument, amount, rating, action, and notes, with limited information available.

Punjab & Sind Bank announced its first-ever credit ratings from Fitch Ratings, which assigned a Long-Term Issuer Default Rating (LT IDR) of BBB- with a Stable Outlook, a Short-Term Issuer Default Rating (ST IDR) of F3, a Viability Rating (VR) of ‘bb’, and a Government Support Rating of BBB-, alongside Long-Term IDR (xgs) of BB(xgs) and Short-Term IDR (xgs) of B(xgs); Fitch also assigned an IDR of BBB- (Stable) and an IDR of BBB- (First-Time Rating), noting the Short-Term IDR is mapped to the Long-Term IDR and could be upgraded if the Operating Environment (OE) score is revised to 'bbb-' from 'bb+', while the VR is not expected to be downgraded in the near term; additionally, Fitch assigned Long-term IDR of BBB- (Outlook Stable), Short-Term IDR mapped from Long-Term IDR, and a Viability Rating of ‘bb’, alongside Long-Term IDR of BBB- and Short-Term IDR of F3, and Long-Term IDR (xgs) of BB(xgs) and Short-Term IDR (xgs) of B(xgs), and the bank’s Business Profile Score is bb, Risk Profile Score is bb-, and Asset-Quality Score is bb-, with a CET1 Ratio of 15.9% as of FY26, a Net Impaired Loan/CET1 Ratio of 7% as of FY26, a Funding and Liquidity Score of 'bbb-', and a Loan/Deposit Ratio of 82% as of FY26.

Punjab & Sind Bank will close its trading window for designated and connected persons from October 1, 2026, until 48 hours after the board meeting approves financial results for the quarter ended September 30, 2026, in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015.

Punjab & Sindh Bank informed the Bombay Stock Exchange and National Stock Exchange of India that a meeting of its Board of Directors will be held on September 29, 2026, to consider and approve a proposal for raising foreign currency funds through debt issuance.

Punjab & Sindh Bank announced that the Department of Financial Services, Ministry of Finance, Government of India, has extended the tenure of Executive Director Ravi Mehra beyond October 08, 2026, until December 31, 2026, or until further orders, as per notification No. eF.No.4/1(v) /2025-BO.I dated September 23, 2026.

Punjab & Sindh Bank informed the Bombay Stock Exchange and National Stock Exchange of India that it received a notice of strike from the United Forum of Bank Unions, comprising AIBEA, AIBOC, NCBE, AIBOA, BEFI, INBEF, and INBOC, proposing an All India Strike from September 28, 2026, to September 30, 2026, regarding various issues and demands, and that the functioning of branches and offices may be affected if the strike materializes.

Punjab & Sindh Bank informed the Bombay Stock Exchange and National Stock Exchange of India that it received a notice of strike from the United Forum of Bank Union (AIBEA - AIBOC -NCBE -AIBOA -BEFI -INBEF -INBOC) proposing an All India Strike on September 11, 2026, which may affect the functioning of the bank’s branches and offices.

Punjab & Sind Bank is down for a fifth straight session today. The stock is quoting at Rs 22.54, down 0.18% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.77% on the day, quoting at 23871.2. The Sensex is at 76440.78, down 0.65%.Punjab & Sind Bank has lost around 5.13% in last one month.Meanwhile, Nifty PSU Bank index of which Punjab & Sind Bank is a constituent, has eased around 0.01% in last one month and is currently quoting at 8505.75, down 0.24% on the day. The volume in the stock stood at 14.37 lakh shares today, compared to the daily average of 10.14 lakh shares in last one month.The PE of the stock is 11.59 based on TTM earnings ending June 26.

Punjab & Sind Bank recently announced reaffirmations from CARE Ratings regarding its Tier II Bond Series XIV of Rs 500 crore, Tier II Bond Series XV of Rs 237.30 crore, and Tier II Bond Series XVI of Rs 500 crore, all maintaining a rating of CARE AA; Stable. Additionally, CARE Ratings reaffirmed the ratings on the bank's Tier-II Bonds Stable, while noting that recapitalization bonds totaling Rs 10,100 crore will be fair valued in FY25. Other instruments, including recapitalization bonds with infusions in FY18 (Rs 785 crore), FY20 (Rs 787 crore), FY21 (Rs 5,500 crore), and FY22 (Rs 4,600 crore), along with equity shares approved for a Qualified Institutional Placement (QIP) of Rs 3,000 crore and a previous QIP of Rs 1,219 crore, remain unrated, although the bank has board approval for the issuance of Tier -II / Tier -I Bonds totaling Rs 2,000 crore. CareEdge Ratings highlighted concerns regarding profitability, CASA deposits, and net stressed assets, while also noting an expected recovery in Net Interest Margin (NIM) and advances growth.