Punjab & Sind Bank Ltd. · NSE:PSB
Punjab & Sind Bank — Q4 FY2025-26 Earnings Presentation
51 slides from Punjab & Sind Bank's earnings presentation, April 2026
Slide 1: Financial Performance Q4 & FY (2025-26) Analyst Presentation
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Slide 2: Table of Contents
Table of Contents Section 1 Key Highlights & Business Performance 3-17 Section 2 Key Financial Ratios 18-20 Section 3 Financial Performance & Balance Sheet 21-26 Section 4 Asset Quality 27-31 Section 5 Treasury Operations 32 Section 6 Capital Adequacy 33 Section 7 Shareholding Pattern & Credit Ratin
Slide 3: Strong Business Growth Continues
1 Strong Business Growth Continues Total Business Total Deposits Gross Advances CASA Deposits Retail Term ₹ 2,63,652 Crore ₹ 1,45,829 Crore ₹ 1,17,823 Crore ₹ 44,876 Crore Deposits ₹65047 Crore Growth – 14.94% Growth – 12.37% Growth – 18.29% Growth – 10.02% Growth – 19.58% (YoY) (YoY) (YoY) (YoY) (Y
Slide 4: Consistency in Operational Income (FY)
1 Consistency in Operational Income Operating Profit Net Profit Net Interest Core Fee Income Non Interest (FY 2025-26) (FY 2025-26) Income (FY 2025-26) Income ₹ 2182 Crore ₹1322 Crore (FY 2025-26) ₹ 759 Crore (FY 2025-26) ₹ 3812 Crore ₹ 1778 Crore Growth – 5.16% Growth – 30.12% Growth – 0.74% Growth
Slide 5: Consistency in Operational Income (Q4)
1 Consistency in Operational Income Operating Profit Net Profit Net Interest Core Fee Income Non Interest (Q4) FY25-26 (Q4) FY25-26 Income (Q4) FY25-26 Income ₹ 542 Crore ₹422 Crore (Q4) FY25-26 ₹ 228 Crore (Q4) FY25-26 ₹ 975 Crore ₹ 427 Crore Growth – (33.58)%* Growth – 34.82% Growth – (13.10)%* Gr
Slide 6: Asset Quality – Significant Improvement
1 Asset Quality – Significant Improvement Gross NPA (%) Net NPA (%) PCR PCR (Without Slippage Credit Cost (%) 2.40% 0.79% (With TWO) (%) TWO) (%) Ratio (%) 0.06% 90.91% 67.53% 0.70% 0.96 91.38 0.99 0.20 3.38 0.79 72.19 0.70 2.40 90.91 67.53 0.06 Mar'25 Mar'26 Mar'25 Mar'26 Mar'25 Mar'26 Mar'25 Mar'2
Slide 7: Other Key Performance Highlights
1 Other Key Performance Highlights – Driving Financial & Operational Improvement RAM Advances Segmental Credit Strong Capital Cost to Income Return on ₹ 69,276 Crore Growth (YoY) Adequacy Ratio reduced Assets (%) Growth – 26.11% CRAR (%) – 17.42% from 61.23% to ₹ 0.96%(Qtr) (YoY) Retail – 24.59% 60.
Slide 8: Consistent Improvement in Bank Performance Driven by Structural Transformation
Consistent Improvement in Bank Performance Driven by Structural 1 Transformation across all Core Dimensions Consistent and sustained improvement Channel Expansion Business Digital Customer Service Employee Capability Compliance Growth Enablement Excellence & Engagement and Risk • New asset & • Core
Slide 9: Bank has been Growing at a Faster Rate in the Recent Years
1 Bank has been Growing at a Faster Rate in the Recent Years Business growth From FY 2017-18 to Business growth From FY 2021-22 to All figures in Cr & Growth in CAGR FY 2021-22 FY 2025-26 Raised equity capital 1,219 Cr. via QIP in FY 2024–25 +9.31% +0.10% +13.75% +0.23% +11.18% +0.15% 2,63,652 1,72,
Slide 10: Overall Business Mix – Consistent and Stable Growth
1 Overall Business Mix – Consistent and Stable Growth Total Business (₹ Cr) Total Deposits (₹ Cr) Total Advances (₹ Cr) 1,45,829 2,63,652 1,29,774 2,29,379 1,19,410 1,17,823 2,05,374 1,09,665 99,605 1,90,647 85,964 80,982 Mar'23 Mar'24 Mar'25 Mar'26 Mar'23 Mar'24 Mar'25 Mar'26 Mar'23 Mar'24 Mar'25 M
Slide 11: Stable Increase in Retail and CASA Deposits & Augmenting RAM Credit
1 Stable Increase in Retail and CASA Deposits & Augmenting RAM Credit Deposits Delivered Steady Growth with a stable CASA and RTD RAM advances nearly doubled, driven by strong MSME and retail Share Improving the Overall Funding Mix and Stability growth, with improving mix strengthening overall loan
Slide 12: Liability Franchise
1 Liability Franchise CASA(₹ Cr) Retail Term Deposits (₹ Cr) CASA & Retail Term Deposits(₹ Cr) 1,09,923 44,876 1,06,377 65,047 63,190 43,187 54,397 95,187 40,790 Mar'25 Dec'25 Mar'26 Mar'25 Dec'25 Mar'26 Mar'25 Dec'25 Mar'26 In ₹ Cr Period Ended Variation Particulars (in ₹ Cr) Mar’25 Dec’25 Mar’26 Q
Slide 13: Segmental Lending Portfolio – Growth in RAM Segments
1 Segmental Lending Portfolio – Well Rounded Growth in all the three RAM Segments Advances Mix (₹ Cr) Home Loan (₹ Cr) 13507 13469 Period Ended Variation Particulars 12820 (in ₹ Cr) Mar’25 Dec’25 Mar’26 QoQ (%) YoY (%) Mar'25 Dec'25 Mar'26 Advances 99605 110297 117823 6.82% 18.29% Vehicle Loan (₹ Cr
Slide 14: Retail Lending Portfolio
1 Retail Lending Portfolio Retail Portfolio - ₹ 27498 Cr Agri Portfolio - ₹ 16610 Cr MSME Portfolio - ₹ 25169 Cr 23.34% 14.10 % 21.36 % of Advances of Advances of Advances In ₹ Cr In ₹ Cr In ₹ Cr Period Ended % Period Ended % Period Ended % Particulars Particulars Particulars Share Share Share (in ₹
Slide 15: Advances Breakup of Major Industries / Sectors
1 Advances Breakup of Major Industries / Sectors In ₹ Cr Quarter Ended Sector Mar'25 Dec'25 Mar'26 % to Total % to Total % to Total Particulars (in ₹ Cr) Amount Amount Amount Advances Advances Advances Infrastructure 14339 14.40 13183 11.95 13999 11.88 (Out of Which) Energy 6207 6.23 5820 5.28 6765
Slide 16: Rating Profile of NBFCs
1 Rating Profile of NBFCs In ₹ Cr Quarter Ended Mar'25 Dec’25 Mar’26 Particulars (in ₹ Cr) Amount % to Total Amount % to Total Amount % to Total AAA rated 7404 50.32 6607 38.79 7861 44.53 AA rated 6717 45.65 8733 51.27 8278 46.89 A rated 542 3.68 1643 9.64 1470 8.33 Total A & above 14663 99.66 16983
Slide 17: Credit Profile
1 Credit Profile Credit – External Rating Wise (Above Rs. 5 Cr.) In ₹ Cr Quarter Ended Mar'25 Dec'25 Mar'26 Particulars (in ₹ Cr) % % % Amount Amount Amount to Total to Total to Total AAA rated 10197 18.52 10319 16.60 12188 18.05 AA rated 14397 26.15 16431 26.43 18064 26.75 A rated 6795 12.34 8476 1
Slide 18: Key Financials
2 Key Financials Operating Profit (₹ Cr) Net Profit (₹ Cr) 1322 2182 2075 1016 1131 595 * 816 422 540 505 594 542 282 313 295 336 458 484 240 269 336 317 139 182 Mar'24 Jun'24 Sep'24 Dec'24 Mar'25 June'25 Sept'25 Dec'25 Mar'26 Mar'24 Mar'25 Mar'26 Mar'24 Jun'24 Sep'24 Dec'24 Mar'25 June'25 Sept'25 D
Slide 19: Key Financial Ratios
2 Key Financial Ratios Yield on Advances (In %) Yield on Investments (In %) Yield on Funds (In %) 9.69 * 9.09 6.99 7.97 8.39 8.66 8.38 6.89 7.57 8.05 6.79 7.14 7.16 6.72 6.93 6.66 6.60 6.68 Mar'25 Dec'25 Mar'26 Mar'24 Mar'25 Mar'26 Mar'25 Dec'25 Mar'26 Mar'24 Mar'25 Mar'26 Mar'25 Dec'25 Mar'26 Mar'2
Slide 20: Key Financial Ratios
2 Key Financial Ratios Cost to Income Ratio (In %) Return on Asset (In %) Return on Equity (In %) 72.16 0.96 14.29 61.32 0.79 0.79 0.79 12.40 11.71 11.55 60.21 61.23 60.97 10.82 54.61 0.67 8.14 0.41 Mar'25 Dec'25 Mar'26 Mar'24 Mar'25 Mar'26 Mar'25 Dec'25 Mar'26 Mar'24 Mar'25 Mar'26 Mar'25 Dec'25 Mar
Slide 21: Increase in Core Fee Income is Driving Profitability
3 Increase in Core Fee Income is Driving Profitability All figures in Cr & Core Fee Income (₹ Cr) Growth in CAGR • Focus on Trade finance. • Automation in Bank charges. • Upkeep of ATMs has 759 strengthened transaction- +17.33% based fee income. 622 491 • Set up Revenue Intelligence 404 Cell (RIC) t
Slide 22: Operating & Net Profit
3 Operating & Net Profit In ₹ Cr Quarter Variation Year Ended Variation Particulars (in ₹ Cr) Mar’25 Dec’25 Mar’26 QoQ% YoY% Mar’25 Mar’26 YoY% Interest Income 3160 3042 3030 (0.39) (4.11) 11482 11982 4.35 Interest Expenses 2038 2056 2055 (0.05) 0.83 7698 8170 6.13 Net Interest Income 1122* 986 975
Slide 23: Total Income
3 Total Income In ₹ Cr Quarter Variation Year Ended Variation Particulars (in ₹ Cr) Mar’25 Dec’25 Mar’26 QoQ% YoY% Mar’25 Mar’26 YoY% Interest on Advances 2331 2198 2178 (0.91) (6.56) 8158 8581 5.19 Interest on Investments 812 828 827 (0.12) 1.85 3225 3309 2.60 Other Interest Income 17 16 25 56.25 4
Slide 24: Total Expenses
3 Total Expenses In ₹ Cr Quarter Variation Year Ended Variation Particulars (in ₹ Cr) Mar’25 Dec’25 Mar’26 QoQ% YoY% Mar’25 Mar’26 YoY% Interest on Deposits 1813 1833 1840 0.38 1.49 7078 7290 3.00 Interest on Others 225 223 215 (3.59) (4.44) 620 880 41.94 Total Interest Expenses (a) 2038 2056 2055 (
Slide 25: Other Operating Expenses
3 Other Operating Expenses In ₹ Cr Quarter Variation Year Ended Variation Particulars (in ₹ Cr) Mar’25 Dec’25 Mar’26 QoQ% YoY% Mar’25 Mar’26 YoY% Rent, Taxes & Lighting 41 41 41 - - 147 158 7.48 Printing & Stationery 3 3 3 - - 13 13 - Advertisement & Publicity 4 5 7 40.00 75.00 11 20 81.82 Depreciat
Slide 26: Balance Sheet
3 Balance Sheet In ₹ Cr As on Liabilities (in ₹ Cr) Mar’25 Dec’25 Mar’26 Capital 7096 7096 7096 Reserve & Surplus 6259 6829 7037 Deposits 129774 139202 145829 Borrowings 14229 14394 16352 Other Liabilities & Provision 4457 3213 2957 Total 161815 170734 179271 As on Assets (in ₹ Cr) Mar’25 Dec’25 Mar
Slide 27: Asset Quality
4 Asset Quality In ₹ Cr Quarter Year Ended S. No. Particulars (in ₹ Cr) Mar’25 Dec’25 Mar’26 Mar’25 Mar’26 1 Gross NPA Opening Balance 3676 3082 2871 4665 3370 2 Cash recoveries 174 134 191 659 531 Out of Above Cash recovery Income 3 73 30 36 320 116 Booked 4 Up gradations 87 65 59 257 173 5 Technic
Slide 28: Structured Interventions to Improve Collection Efficiency
4 Structured Interventions to Improve Collection Efficiency Collection Efficiency Dedicated on-ground team for collections Strengthening Follow-Up Mechanisms through 67% March 2022 Automated reminders (SMS & calls) NACH registration for digital loans, Regular training of collection team for negotiat
Slide 29: Asset Quality
4 Asset Quality In ₹ Cr Sector Wise NPA (₹ Cr) Quarter Ended Fresh Slippages(Qtr) (₹ Cr) Particulars Mar’25 Dec'25 Mar’26 (₹ Cr) Ratio Ratio Ratio NNPA GNPA (%) GNPA (%) GNPA (%) (%) Retail (₹ Cr) Agri (₹ Cr) Retail 393 1.78 333 1.35 305 1.11 0.46 134 Agri 1264 9.39 1202 7.50 1230 7.41 2.89 110 MSME
Slide 30: Asset Quality
4 Asset Quality Gross NPA (In %) Provision Coverage Ratio with TWO (In %) 7.00 Gross NPA (₹ Cr) Gross NPA (%) 10,000 6.00 5.43 8,000 5.00 4.72 4.21 92.23 4.00 3.83 6,000 91.38 91.77 91.88 4,665 3.38 3.34 90.91 4,145 3,835 2.92 3.00 3,676 3,370 2.60 2.40 3,339 3,082 4,000 89.53 2,871 2,831 88.69 88.5
Slide 31: Asset Quality
4 Asset Quality Slippage Ratio (In %) Credit Cost (In %) 0.33 0.34 0.29 0.21 0.17 0.16 0.02 0.05 0.02 Mar'25 Jun'25 Sep'25 Dec'25 Mar'26 Mar'25 Jun'25 Sep'25 Dec'25 Mar'26 -0.03 Fresh Slippage (₹ Cr) SMA1 and SMA2 (₹ Cr) (above Rs. 5 Crore) 623 355 569 491 515 * 268 203 164 168 120 96 Mar'25 Jun'25
Slide 32: Treasury Operations
5 Treasury Operations In ₹ Cr % to Total Particulars Mar’25 Dec’25 Mar’26 (Mar’26) GROSS INVESTMENTS 47694 49789 50127 SLR INVESTMENTS 33107 34649 34915 69.65 (i) HFT 3838 2649 2651 5.29 (ii) AFS 7687 8898 8786 17.53 (iii) HTM 21582 23102 23478 46.84 NON-SLR INVESTMENTS (i) PSU Bonds 3180 3406 3463
Slide 33: Capital Adequacy
6 Capital Adequacy In ₹ Cr Period Ended Regulatory Requirement Mar'25 Dec'25 Mar'26 Particulars (%) Amount % Amount % Amount % CET I (Including CCB) 8.00 11790 15.59 11640 15.28 13002 15.92 AT - 1 Tier I (Including CCB) 9.50 11790 15.59 11640 15.28 13002 15.92 Tier II 1369 1.82 1181 1.55 1220 1.49 C
Slide 34: Shareholding Pattern & Credit Rating
7 Shareholding Pattern & Credit Rating Shareholding Pattern Others As on LIC 4.82% Particulars 1.33% Mar’25 Dec’25 Mar’26 Share Capital (Rs. In Cr.) 7095.59 7095.59 7095.59 Govt. of India No. of Shares (Rs. In Cr.) 709.56 709.56 709.56 93.85% Net Worth (Rs. In Cr.) 10945 11664 11945 Govt. of India L
Slide 35: Network Expansion & Improvement
8 Network Expansion & Improvement Gurdaspur Hoshiarpur Total 5800+ touch points Jalandhar Moga Shimla Amritsar Ludhiana Panchkula 1654 operational branches Faridkot Patiala Chandigarh Dehradun Chandigarh Bhatinda Delhi- I Delhi- II Noida Lucknow 5 Zones pushing business growth Gurugram Bareilly Delh
Slide 36: Expanded ATM and BC Network to Strengthen Last-mile Customer Access
8 Expanded ATM and BC Network to Strengthen Last-mile Customer Access ATM Network BC Network • ATMs increased from 573 to 1161 since FY22 • BCs increased from 387 to 3027 since FY22 • Avg ATMs per zone increased from 22 (FY22) • Avg BCs per zone increased from 15 (FY22) to 40 (FY26) to 104 (FY26) 36
Slide 37: Priority Sector Lending
9 Priority Sector Lending Mandated S. No. Particulars Mar’26 Targets 1 Priority Sector % to ANBC 40.00% 46.44% 2 Agriculture - PS % to ANBC 18.00% 19.11% 3 Small and Marginal Farmers (SMF) % to ANBC 10.00% 10.80% 4 Weaker Section % to ANBC 12.00% 12.06% 5 Micro Enterprises (PS) % to ANBC 7.50% 13.00
Slide 38: Financial Inclusion
10 Financial Inclusion PMJDY Accounts Opened Total No. of Accounts under Atal Pension Yojna (₹ Lacs) (₹ Lacs) MUDRA Scheme 28.98 8.73 1,66,649 7.11 1,25,121 26.56 Mar'25 Mar'26 Mar'25 Mar'26 Mar'25 Mar'26 Pradhan Mantri Jeevan Jyoti Pradhan Mantri Suraksha Bima Total amount of Balance O/s in Bima Yo
Slide 39: ESG Initiatives
10 ESG Initiatives • Climate Risk & Green Deposit Policy • Organized 27 training batches and • Well defined Board level Committee for Sustainability. trained 855 trainees in different RSETIs & Policies are in place for better • Mobilized funds under Green Earth during Q4 (2025-26). Control and Gover
Slide 40: New Features & Security getting Continuous Upgradation
11 New Features & Security getting Continuous Upgradation Digital Loan Journeys Security Features New Features in Acquisition Experience Acquisition of PSB UniC PSB UniC Digital Deposit Journey 210+ 26L+ 1 Transaction limits 1 E-Overdraft against Bank Deposit Services in 2 2-factor Mobile App Down
Slide 41: Transforming RAM lending through Scaled Digital Enablement
11 Transforming RAM lending through Scaled Digital Enablement Retail Retail • PSB E Apna Ghar Loan Enhanced Security & Trust • PSB E Apna Vahan Loan through Fraud Controls • PM Surya Ghar Bijli Yojna • Education Loan • Seamless, end-to-end digital customer journeys • Personal Loan • Pre-Owned Car •
Slide 42: 2X spend on IT budget to Strengthen Tech & Digital Foundation
11 2X spend on IT budget to Strengthen Tech & Digital Foundation through Core System Upgrades and Ecosystem Integration Back-end Strengthening Seamless Front-end Experience Straight-through Enterprise Integration Automation Introduced UniC Platform AI Chatbot Integrated HRMS, NSDL, Enabled E2E IRAC,
Slide 43: Strengthened customer engagement and trust through digital outreach
11 Strengthened customer engagement and trust through digital outreach, service excellence, and secure platforms Next-Gen Contact Centers for Enhanced security & trust Strengthened Digital Outreach better service excellence through fraud controls Digital Marketing via SMS, Standardized Call Centers
Slide 44: 24x7 Contact Centers enable Faster Resolution
11 24x7 Contact Centers enable Faster Resolution, Higher Satisfaction and Lower Costs 24x7 Customer Quick Problem Better Customer Cost-Effective Increased Support Resolution Satisfaction for Bank Security 24/7 support enables Enables instant Quick issue Centralized call Enables instant card customer
Slide 45: Strengthening Operational Risk & Cyber Fraud Management
11 Strengthening Operational Risk & Cyber Fraud Management through Unified Fraud Controls Unified fraud controls: Automated risk management across all channels i4C Integration RBIH Mule EFRMS FRI / MNRL (GoI) Hunter Direct MHA– AI/ML detects mule Real-time transaction FRI flags risky i4C/NCRP link f
Slide 46: Strengthened employee engagement through employee-centric ecosystem
Strengthened employee engagement by building an employee-centric 11 ecosystem spanning value proposition and wellbeing Employee Engagement Health and Financial & Wellbeing Lifestyle Benefits • Physiotherapists • Holiday Homes Centralized platform for employee • Medical • Allowances Kutumb app benefi
Slide 47: Multi-channel learning ecosystem for capability building
Built a comprehensive, multi-channel learning ecosystem to drive 11 targeted capability building and leadership development Learning and development 26K+ 7X 9K+ Specialized learning with IIBF, NIBM, Institution-led Trainings Increase in Unique IDRBT and other institutes; nominations to Trainings fro
Slide 48: Project Navjyoti outcome-led performance management
Project Navjyoti focused on driving outcome-led performance 11 management with integrated toolsets Employee facing tools Navjyoti Tools Role Clarity Scorecard/Profiler Merit Culture Culture of merit, fairness & transparency Appraisals Target and actual collation Grievance Redressal Platform Employee
Slide 49: Guidance
12 Guidance Actual as on Parameters Guidance for FY'26 Achievement Guidance for FY'27 Mar’26 Deposit Growth (YoY) 12.37% 8-10% 13-14% Advances Growth (YoY) 18.29% 15-16% 16-18% RAM % to Total Advances 58.80% >57% >60% Gross NPA 2.40% <2.50% <2.0% Net NPA 0.79% <0.75% <0.65% PCR 90.91% 92-93% 92-93%
Slide 50: Disclaimer
Disclaimer • The Bank may alter, modify or otherwise change in any manner the contents of this presentation, without obligation to notify any person of such revision or changes. • Except for the historical information contained herein, statements in this release which contain words or phrases such a
Slide 51: Thank You
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