Punjab & Sind Bank reported a net profit of Rs 160.79 crore in Q4 FY21 as compared to a net loss of Rs 236.30 crore posted in Q4 FY20. Total income fell 15.4% to Rs 1,940.62 crore in Q4 FY21 over Q4 FY20. The banks capital adequacy (CRAR) increased from 12.76% in March 2020 to 17.06% in March 2021 with CET-1 at 12.05% in March 2021. The bank also improved its Provision Coverage Ratio (PCR) to 82.89% in March 2021 as compared to 66.74% as on March 2020.
The PSU lenders business segments include treasury operations, corporate/wholesale banking, retail banking and other banking operations. The bank offers international banking and domestic banking services.
As of 31 March 2021, the Government of India held 97.07% stake while Life Insurance Corporation of India held 1.04% stake in the bank.
Shares of Punjab & Sindh Bank were down 0.5% at Rs 19.90 on BSE.
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