News for Punjab & Sind Bank (PSB.NS)

Indian banks report varying financial performances in Q1 FY26, with Union Bank, ICICI Bank, HDFC Bank, and others showing growth.

Public sector stocks face momentum stall in 2025, with wealth erosion and profit slowdown prompting investor caution.

Punjab & Sind Bank's net profit surged 48% to Rs 269 crore in the first fiscal quarter, driven by increased treasury gains and improved asset quality. The gross non-performing assets ratio decreased to 3.34%. A significant rise in non-interest income and treasury earnings contributed to a 70% increase in pre-provision operating profit.

State-owned Punjab & Sind Bank on Saturday reported a 48% jump in net profit to Rs 269 crore during the first quarter of this financial year, aided by improvement in core income and decline in bad debts. The lender had earned a net profit of Rs 182 crore in the same quarter of the previous fiscal year.

Punjab & Sind Bank reports ₹269 crore net profit, improved asset quality, and increased total income in Q1 FY26.

India Business News: MTNL, the state-run telecom company, has defaulted on bank loans totaling Rs 8,585 crore from seven public sector banks between August 2024 and Februa

The Senior Citizen Savings Scheme is risk-free and offers higher interest income and tax benefits under 80C, making it suitable especially for senior citizens seeking stable returns.

Mahanagar Telephone Nigam Ltd. has defaulted on a staggering Rs 8,584.9 crore as of June 2025 in principal and interest payments to seven public sector banks, according to its latest exchange filing.

MTNL said the defaults span from August 2024 to February 2025. According to the breakdown, the company owes ₹7,794.34 crore in overdue principal and ₹790.59 crore in unpaid interest.

Mahanagar Telephone Nigam Ltd. disclosed on Monday a significant default of Rs 8,584.9 crore in principal and interest payments to seven public sector banks as of June 2025, according to an exchange filing. The affected lenders include Union Bank of India, Punjab National Bank, State Bank of India, UCO Bank, Indian Overseas Bank, Punjab & Sind Bank, and Bank of India. Earlier this month, the government moved to simplify the process of selling MTNL assets to central and state government entities

Financial Literacy News: With recent FD rate reductions, opportunities remain in special 444-day deposit schemes. Several banks, including ESAF Small Finance Bank, offer compe

Personal loans help with unplanned expenses and debt. These are unsecured loans, so no collateral is needed. Interest rates depend on factors like CIBIL score. Many banks have reduced lending rates after the Reserve Bank of India rate cut. This makes personal loans cheaper. Bank of Maharashtra offers competitive rates, followed by Punjab & Sind Bank and Canara Bank.

Several public and private sector banks, including small finance banks, are offering attractive fixed deposit interest rates, particularly for a 444-day tenure. Senior citizens can earn up to 8.10%, despite many banks reducing FD rates after the RBI's repo rate cut. Investors should compare rates to secure the best returns, considering factors like premature withdrawal penalties and TDS implications.

Indian state-owned banks to raise $5.25 billion through QIP in 2025-26, with SBI leading the way.

RBI's floating rate savings bonds (FRSB) offer an attractive 8.05% interest rate for the period between July and December 2025, surpassing most bank FD rates. Backed by a government guarantee, these bonds provide higher safety than small bank FDs, though RBI floating rate savings bonds come with a 7-year lock-in. Read on to know more.

The government will sell MTNL assets to state and central public sector entities without an auction, offering them at simple valuation to speed up asset monetisation and debt repayment.

The union government recently demoted the executive director of Union Bank of India, who was appointed only last year, over allegations of sexual harassment. Mint takes a closer look at what the case says about the treatment of sexual harassment complaints at public sector banks.

AMFI classification list sees large-cap threshold drop, mid-cap limit dip, and market capitalisation changes amid steady market performance.

Financial Services Secretary M Nagaraju stated that banks are stable but need customer service improvements. Punjab & Sind Bank launched new branches, a CASA back office, and digital lending for MSMEs on its 118th foundation day. The bank also introduced TAB Banking, a revamped call center, and new products for students and farmers, focusing on customer-centricity and digital transformation.