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Latest Articles in Punjab Sind Bank

Punjab & Sind Bank Reports Q1 Net Profit At Rs 174 Cr

The bank's asset quality showed an improvement and the gross non-performing assets (NPAs or bad loans) came down to 13.33 per cent of the gross advances as of June 30, 2021, against 14.34 per cent a year ago.

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Bank Of Maharashtra Tops PSU Banks In Terms Of Loan, Deposit Growth

Current Account Savings Account (CASA) for BoM saw 24.47 per cent rise, the highest among the public sector lenders, during the year.

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Punjab & Sind Bank Shares Jump Nearly 7 Pc After Q4 Profit

The state-run bank turned profitable in the fourth quarter of FY21 after eight consecutive quarters of losses, posting a profit after tax of Rs 161 crore on the back of improvement in recoveries and decline in bad loans.

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Punjab & Sind Bank Returns To Profit Netting Rs 161 Cr In Mar Qtr

Total income during Q4 FY21 was down by 15.2 per cent to Rs 1,940.62 crore as against Rs 2,289.43 crore in Q4 FY20.

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Punjab & Sind Bank Declares Loans Worth Rs 150 Cr To IL&FS Transportation As Fraud

It is informed that an NPA Account, viz IL&FS Transportation Network Limited (ITNL) with outstanding dues of Rs 149.98 crore has been declared as fraud and reported to the RBI as per regulatory requirement

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Govt Infuses Rs 5,500 Cr Equity Capital Into Punjab & Sind Bank

The shareholders approved the allotment of shares to the government with requisite majority of 99.018 per cent, cast in favour of the resolution, the bank said in a regulatory filing on Friday.

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Govt Raises Authorised Capital Of Punjab & Sind Bank To Rs 10,000 Crore

The fund was approved from Rs 20,000 crore cleared by Parliament in September 2020 for capital infusion in PSBs as part of the first batch of Supplementary Demands for Grants for 2020-21.

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Punjab & Sind Bank narrows net loss at Rs 401 cr in Q2 FY21

Total income of the bank fell to Rs 1,999.19 crore in July-September of 2020-21 from Rs 2,222.57 crore in the same period of 2019-20, Punjab & Sind Bank said in a regulatory filing.

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Punjab & Sind Bank Reports Rs 76 Crore Fraud By Saptarishi Hotels

Punjab & Sind Bank has been hit by a series of such cases. In July last year, it reported a Rs 238.3 crore fraud relating to allegations of diversion of funds by the indebted Bhushan Power & Steel Ltd (BPSL).

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