Punjab & Sind Bank has informed the Exchange about Credit Rating
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Awaiting price reaction for this filing.
Infomerics Ratings has reaffirmed the IVR AA / Stable rating on Punjab & Sind Bank's Basel III compliant Tier II Bonds (Series XV) worth Rs. 237.30 crore, with no change from the previous rating. The rating continues to reflect the bank's strong government ownership (GoI holds 93.85% stake), adequate capitalisation (overall CAR at 16.83% as of Dec 2025), and significant improvement in asset quality (GNPA down to 2.60% from 13.76% in FY21). Total advances grew 15% year-on-year to Rs. 1,10,297 crore, and operating profit improved 30% year-on-year to Rs. 1,639 crore as of December 31, 2025. Constraints include a moderate resource profile, relatively smaller size among public sector banks, and geographic concentration in northern India.
This is a neutral-to-slightly-positive signal for shareholders — the rating reaffirmation with a stable outlook indicates continued creditworthiness and no deterioration in the bank's risk profile, though it is not an upgrade that would typically drive the stock higher.