Punjab & Sind Bank’s Q3 business rose 15.33% YoY to ₹2.67 lakh crore, with gross advances climbing 19.5% to ₹1.19 lakh crore, while deposits grew 12.16% to ₹1.47 lakh crore — a clear imbalance favouring lending.
In a BSE filing, the board approved a $1 billion foreign‑currency medium‑term note (MTN) programme, the first of its kind for a state‑owned lender, aimed at bolstering liquidity and supporting future growth.
Shares traded lower, closing at ₹21.18, a 0.61% slide from the previous session, reflecting investor caution amid the announcement of a sizeable external debt issuance.
The bank did not issue explicit guidance for Q4; analysts expect the MTN proceeds to be deployed in expanding credit lines and potentially reducing debt‑to‑equity, but the next earnings release on 15 December is awaited for a clearer picture.