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Punjab & Sind Bank declares Financial Results for the Quarter/ Year Ended 31.03.2019

Posted On: 2019-05-24 17:20:00

Punjab & Sind Bank today announced the financial results for the Quarter/Year ended 31.03.2019.

The Operating Profit has improved from Rs.1145 crore to Rs.1397 crore during the year 2018-19, registering a growth of 22% over the previous year. The Non-Interest Income has also registered a 'growth of 42.51 % from Rs.581 crore to Rs.828 crore. Consequently, Bank is able to contain the Net Loss to Rs.543 crore during the current year as compared to that of Rs.744 crore of previous year. Return on Assets has also improved to(-) 0.47% during the year 2018-19 from (-) 0.69% of previous year.

CASA has improved by 9.75 % to Rs.26,407 crore as on 31.03.2019 on YOY basis. The CASA has stood at 26.79% as on 31.03.2019 as compared to 23.65% as on 31.03.2018.

Provision Coverage Ratio (PCR) has improved by 5.05% to 59.46% as on 31.03.2019 from 54.41% as on 31.03.2018.

Gross NPA of the Bank stood at Rs.8606 crore (11.83%) as on 31.03.2019 and Net NPA for the year ended 31.03.2019 stood at Rs.4994 crore (7.22%). Capital Adequacy Ratio (Basel III) stood at 10.93% as on 31.03.2019.

Shares of PUNJAB & SIND BANK was last trading in BSE at Rs.29.7 as compared to the previous close of Rs. 27.4. The total number of shares traded during the day was 43557 in over 232 trades.

The stock hit an intraday high of Rs. 31 and intraday low of 27.6. The net turnover during the day was Rs. 1279799.

Source: Equity Bulls

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