Punjab & Sind Bank 2021 AR2
The report highlights Punjab & Sind Bank's performance for the fiscal year 2020-21, during which its total business grew by 7.68% to reach Rs. 1,63,919.35 crore. Despite recording a net loss of Rs. 2,732.90 crore due to higher provisions, the bank registered a net profit of Rs. 161 crore in the final quarter. The Government of India infused Rs. 5,500 crore of capital, increasing its holding to 97.07%. The bank also actively pursued financial inclusion, opening 13.96 lakh PMJDY accounts and achieving key priority sector lending targets.
Company: Punjab & Sind Bank
Sector: Finance & insurance
Country: India
Year: 2021
Type: AR2
Pages: 292
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Punjab & Sind Bank
Annual Report
The report highlights Punjab & Sind Bank's performance for the fiscal year 2020-21, during which its total business grew by 7.68% to reach Rs. 1,63,919.35 crore. Despite recording a net loss of Rs. 2,732.90 crore due to higher provisions, the bank registered a net profit of Rs. 161 crore in the final quarter. The Government of India infused Rs. 5,500 crore of capital, increasing its holding to 97.07%. The bank also actively pursued financial inclusion, opening 13.96 lakh PMJDY accounts and achieving key priority sector lending targets.
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Document Details
Report Year
2021
Reporting Period
Apr 1, 2020 - Mar 31, 2021
Fiscal Year
2021
Type
Annual Report with Sustainability Disclosures
Language
English, Hindi
Pages
File Size
Standards & Assurance
Materiality Assessment
Assurance
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Employees