Punjab & Sind Bank 2022 AR2
The report highlights Punjab & Sind Bank's performance for the 2021-22 fiscal year, noting a significant turnaround with a net profit of Rs. 1039 crore. It details the bank's digital transformation through the launch of the "PSB UniC" platform and its strong focus on financial inclusion, having opened over 15 lakh accounts under PMJDY. The bank exceeded regulatory targets for priority sector lending, particularly for small farmers and weaker sections. Sustainability efforts are integrated via the Business Responsibility Report, which covers ethical governance, employee welfare, and environmental initiatives like promoting paperless banking and financing renewable energy projects.
Company: Punjab & Sind Bank
Sector: Finance & insurance
Country: India
Year: 2022
Type: AR2
Pages: 372
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Punjab & Sind Bank
Annual Report
The report highlights Punjab & Sind Bank's performance for the 2021-22 fiscal year, noting a significant turnaround with a net profit of Rs. 1039 crore. It details the bank's digital transformation through the launch of the "PSB UniC" platform and its strong focus on financial inclusion, having opened over 15 lakh accounts under PMJDY. The bank exceeded regulatory targets for priority sector lending, particularly for small farmers and weaker sections. Sustainability efforts are integrated via the Business Responsibility Report, which covers ethical governance, employee welfare, and environmental initiatives like promoting paperless banking and financing renewable energy projects.
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Document Details
Report Year
2022
Reporting Period
Apr 1, 2021 - Mar 31, 2022
Fiscal Year
2022
Type
Annual Report with Sustainability Disclosures
Language
English, Hindi
Pages
File Size
Standards & Assurance
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Women on Board
Employees