Punjab & Sind Bank’s gross advances stood at Rs 78049 crore (provisional) as of December 31, 2022 (Q3FY23), posting a 17% rise in year-on-year (YoY) terms as against Rs 66710 crore as of December 31, 2021 and on quarter-on-quarter (QoQ) basis, gross advances stood at Rs 73739 crore as of September 2022.
The bank’s total deposits grew 9.11% to Rs 109497 crore (provisional) as of December 31, 2022, as compared to Rs 100351 crore as of December 31, 2021 (on a yearly basis). On a quarterly basis, the deposits stood at Rs 105238 crore as of September 2022.
CASA deposits stood at Rs 36460 crore (Provisional) as of December 31, 2022, posting a 11.33% rise in year-on-year (YoY) terms as against Rs 32749 crore as of December 31, 2021. Its total business stood at Rs 187546 crore (Provisional) as of December 31, 2022, a growth of 12.26% over Rs 167061 crore as of December 31, 2021.
Punjab & Sind Bank’s primary business is taking deposits, and making advances and investments, and is principally divided into retail banking, corporate banking, priority sector banking, treasury operations and other banking services such as agency functions for insurance, distribution of mutual funds and pension and tax collection services.
