Punjab & Sind Bank’s total deposits grew 7.37% to around Rs 109668 crore as of March 31, 2023 (Q4FY23), as compared to Rs 102137 crore on a yearly basis. On a quarterly basis, the deposits stood at Rs 109497 crore as of December 2022.
Gross Advances stood at around Rs 81544 crore as of March 31, 2023, posting a 15.85% rise in year-on-year (YoY) terms against Rs 70387 crore as of March 31, 2022 and on quarter-on-quarter (QoQ) basis stood at Rs 77745 crore in December 2022. The CASA deposits were up 6.68% to around Rs 36834 crore as of March 31, 2023 against Rs 34528 crore YoY. CASA ratio reached 33.59% (Q4FY23) from 33.30% (Q3FY23).
Total Business stood at Rs 191212 crore (provisional) as of March 31, 2023, posting a 10.83% rise in year-on-year against Rs 172524 crore as of March 31, 2022.
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.
