Punjab and Sind Bank Announces Financial Results for the Third Quarter and Nine Months Ended December 31, 2011
January 30, 2012 at 06:33 pm
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Punjab and Sind Bank announced financial results for the third quarter and nine months ended December 31, 2011. For the quarter, the company reported total income of INR 17,544.4 million against INR 13,524.8 million a year ago. Profit from ordinary before tax was INR 1,567.1 million against INR 1,712.1 million a year ago. Net profit for the period was INR 916.3 million or INR 4.11 per diluted share against INR 1,353.0 million or INR 7.32 per diluted share a year ago.
For the nine months, the company reported total income of INR 50,504.0 million against INR 38,840.5 million a year ago. Profit from ordinary before tax was INR 4,437.6 million against INR 5,497.2 million a year ago. Net profit for the period was INR 3,034.8 million or INR 13.61 per diluted share against INR 3,959.0 million or INR 21.56 per diluted share a year ago. Book value per share as on December 31, 2011 was INR 141.29 from INR 125.23 as on December 31, 2010.
Punjab & Sind Bank is an India-based bank. The Bank operates through four segments: Treasury Operations, Corporate/Wholesale Banking, Retail Banking and Other Banking Operations. The Bank's international banking services include non-resident Indian (NRI) services, export/import services, forex treasury and gold card schemes and others. PSB Fixed Deposits, PSB Tax Saver, PSB Education Loan, PSB Apna Ghar, PSB Apna Ghar Top Up, PSB Apna Vahan, PSB Recurring Deposit Account, Flexi Savings Deposit Product and others. Its digital banking services include retail Internet banking, corporate internet banking, unified payment interface (UPI), RuPay prepaid card, PSB cards, ATM/debit card & charges, bill payment, debit freeze account and others. Its social banking includes PM Yojana and government schemes. It also provides current account, saving account, PSB premier saving account, PSB Premier current account, basic saving bank deposit account and others. It has over 1531 bank branches.