Top PSB Plans To Raise Rs 2000 Cr Via QIP

State-run Punjab & Sind Bank announced its plans to raise Rs 2000 crore via Qualified Institutional Placement (QIP) in the current quarter, according to a PTI report. The bank has reportedly appointed legal advisors and merchant bankers for the reported Rs 2000 crore QIP, said the bank’s MD and CEO Swarup Kumar Saha.

The PTI report added, “with the QIP, the government holding in the bank would come down 3-4 per cent and capital adequacy ratio would rise at the end of March 2025.” The last trading price of Punjab & Sind Bank on Bombay Stock Exchange (BSE) is Rs 49.31 per share. The bank’s market capitalisation is Rs 33,421.26 crore.

Punjab & Sind Bank Q3 Results

Earlier on January 15, 2025, Punjab & Sind Bank reported its quarterly results. Its net profit highlighted a robust surge of 147% year-on-year (YoY) in Q3 financial year 2025 to Rs 282 crore. The bank’s operating profit surged by 74.73% YoY to Rs 484 crore for Q3 FY2025. Meanwhile, the bank’s net interest margin jumped by 24 bps to 2.78% YoY and yield on advances soared by 23 bps to 9.14% YoY, according to the BSE filing. Its Return On Assets rallied 42 basis points YoY. The bank’s total business witnessed a surge of 10.58% YoY to Rs 2,23,267 crore while total advances surged by 14.73% YoY.

Top Developments In Q3FY2024-25: The PSB introduced Digital journey for home loan and car loan segment providing seamless digital journey through QR code, missed call or website. The bank also inked a memorandum of understanding (MoU) with Assam Rifles and Indian Navy to provide top-notch salary package for serving personnel and pensioners, added the BSE filing. It introduced e-Bank Guarantee (e-BG) in alliance with National e-Governance Service Ltd (NeSL).

Punjab & Sind Bank Shares Performance

The 52-week high price of Punjab & Sind Bank share on BSE is Rs 77.50 per share (as on 05/02/2024) and 52-week low price is Rs 40.87 per share (as on 13/01/2025), respectively. Punjab & Sind Bank shares gained over 11% in last 1-week, declined 22.70% in last 6-months, and surged 10.63% in last 1-year. In last 2-years, 53.37% and soared 193.51% in last 3-years.

The stake of government of India in the leading PSB stood at 98.25% for the December 2024 quarter.

Fundraising

Earlier on December 20, 2024 the PSB raised Rs 3000 crore from first infrastructure bond with the purpose of expanding infra lending.

About

It came into existence in 1908, under the vision of luminaries like Bhai Vir Singh, Sir Sunder Singh Majitha and Sardar Tarlochan Singh. It is a government-owned bank, headquartered at New Delhi, India. The key goal of its foundation includes economic help to the weaker section of the society. It has 1559 branches overall, spread widely across India. Punjab and Sind Bank provide customer service through innovative products and services for different customer segments. according to its official website.