Punjab & Sind Bank has informed the Exchange about Credit Rating
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ICRA has reaffirmed Punjab & Sind Bank's Certificate of Deposits rating at [ICRA]A1+, the highest short-term credit rating, on Rs. 15,000 crore of CDs. The rating has been consistently at A1+ for over three years. The reaffirmation is supported by the bank's strong capital position (CET I ratio of 15.28% as of December 2025), improving asset quality (gross NPAs fell to 2.60% from 3.83% a year ago, net NPAs at 0.74%), majority Government of India ownership (93.85%), and adequate liquidity (LCR of 134% in Q3 FY2026). The bank also reported a healthy profit of Rs. 900 crore in 9M FY2026 with a return on assets of 0.73%. Challenges flagged include weak operating profitability versus public sector bank peers, higher cost of funds, and a still-monitorable asset quality picture with a vulnerable pool at 3.9% of standard advances.
Reaffirmation at the top short-term rating means the bank retains strong access to short-term wholesale funding at competitive rates, but this is a status-quo action with no new positive catalyst for the stock. Shareholders get reassurance on credit quality and capital strength, though the bank's profitability still lags the banking sector average.