Punjab & Sind Bank

Meeting Details

• Board meeting on Oct 17, 2026 to approve unaudited Q2 results.
• Earnings call for analysts and investors on Oct 19, 2026 at 12:00 Noon.
• Virtual via WebEx; hosted by Punjab & Sind Bank.

Participants

• Managing Director & Chief Executive Officer present.
• Executive Directors present.
• Chief Financial Officer present.

Purpose

• Discuss Q2 FY2026-27 unaudited results with analysts and investors.
• Provide investor interaction and answer questions during the call.

Meeting Details

• Board meeting on Oct 17, 2026 in New Delhi to consider unaudited quarterly results for Sept 30, 2026.

Key Agenda Items

• Consider and approve unaudited reviewed financial results for the quarter ended Sept 30, 2026.

Other Notes

• Trading window closed from Oct 01, 2026 to Oct 19, 2026 for designated/connected persons.

Bond details as of 30.09.2026

• Statement of bonds issued and outstanding as at 30.09.2026.
• Bond 1: ISIN INE608A08017, issued 19-10-2016, mat. 19-10-2026, coupon 7.99%, amount issued/outstanding 500.00cr.
• Bond 2: ISIN INE608A08033, issued 27-06-2019, mat. 26-10-2029, coupon 9.50%, amount issued/outstanding 237.30cr.
• Bond 3: ISIN INE608A08041, issued 04-11-2019, mat. 03-12-2029, coupon 8.67%, amount issued/outstanding 500.00cr.
• Bond 4: ISIN INE608A08058, issued 20-12-2024, mat. 20-12-2034, coupon 7.74%, amount issued/outstanding 3,000.00cr.
• Total outstanding amount: Rs 4,237.30 crore.

Punjab & Sind Bank: Trading Window closed from October 01, 2026 till 48 hours after the date of the Board meeting held to approve the financial results for the Quarter ended September 30, 2026

MTN programme approval

• Approved establishment of a foreign currency MTN programme up to USD 1 billion for bond issuance.
• Date of approval: 29 September 2026.

Meeting Details

• Board meeting scheduled for 29 September 2026; time and venue not disclosed.

Key Agenda Items

• Consider and approve proposal to raise foreign currency funds through debt issuance.

Other Notes

• No other material notes disclosed in the filing.

Executive Director tenure extension

• Ravi Mehra, Executive Director, tenure extended from Oct 8, 2026 to Dec 31, 2026 or until further orders.
• Reason: Govt of India DoF notification no eF.No.4/1(v)/2025-BO.I dated Sep 23, 2026.
• Effective date: Sep 23, 2026 per government notification.
• Profile: Executive Director; no additional profile details provided in filing.

Strike notice and potential impact

• Notice served for all-India strike, 28–30 Sep 2026; branches may be affected if it materializes.

Rating Action

• CRISIL reaffirmed AA/Stable ratings on Infrastructure Bonds and Tier II Basel III Bonds.

Instruments & Ratings

• Infrastructure Bonds Rs 3,000 crore: AA/Stable (Reaffirmed).
• Tier II Bonds Series XIV Rs 500 crore: AA/Stable (Reaffirmed).
• Tier II Bonds Series XVI Rs 500 crore: AA/Stable (Reaffirmed).

Rationale & Strengths

• GoI support remains a key rating strength due to majority GoI ownership.
• Capital adequacy improved: CET1 16.56%, CAR 17.61% as of 30 Jun 2026.
• GNPA improved to 2.21% as of 30 Jun 2026.
• PAT rose to Rs 1,322 crore in FY2026; ROA 0.74%.
• Liquidity strong with LCR above requirement and buffers.
• RAM segments driving earnings: retail, agriculture, MSME growth.

Outlook

• Outlook: Stable for all reaffirmed ratings.

Rating Sensitivities

• Upward factors: stronger market position and profitability; RoA above 1%.
• Downward factors: GoI support risk; asset quality deterioration; capital buffers erode.

Recent Change

• Rating reaffirmed; no change in outlook.

Strike notice and potential impact on operations

• Notice of All India Strike proposed by United Forum of Bank Union for 11.09.2026.
• Bank states steps to ensure smooth functioning of branches; operations may be affected if strike materializes.
• Filing submitted under Regulation 30 of SEBI LODR Regulations, 2015.
• Date of filing: 10 September 2026.