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Latest Money & Banking, Financial News Today - news | The HinduBusinessLine

Banking system’s ₹5 lakh cr plus surplus liquidity prompts RBI to announce drain out auction Fintech IPO plans hit pause as weak rupee, retail pullback weigh on timing Godrej Capital eyes ₹50,000 cr AUM in 2 years, to launch gold loans by June FIU-IND, SEBI sign MoU to strengthen anti-money laundering framework in India HDFC Bank chairman resignation not a sign of financial stability: InGovern HDBFS shares jump 12% post Q4 results, brokerages see steady growth ED arrests former ADAG executive Amitabh Jhunjhunwala in loan fraud case Q4 Results Highlights Today: Elecon Engineering PAT declines, ICICI Lombard net profit rises 7%, HDB Financial shares gain ahead of Q4 results today, Reliance Industrial Infra, GTPL Hathway, Tejas Networks to announce Q4 results today, ICICI Prudential Life, Anand Rathi Share rise Satin Growth Alternatives launches debut ₹200 cr fund Insurers need to make payouts quick and frictionless, says DFS Secretary C-D ratio of banks widens to 255 bps Non-life insurers’ premium income rises 9.2% to ₹3.35 lakh crore in FY26 RBI allows NBFCs, including gold loan companies, to open branches without prior approval Trump says he may fire Fed chair Jerome Powell if he does not step down RBI allows NBFCs to open branches without prior approval, eases norms LPL Financial opens Global Capability Centre in Hyderabad Shriram Finance subsidiary gets RBI nod to start primary dealer business NBFCs' reliance on bank borrowings to increase in FY27 on lower interest rates RBI holds talks with banks on ways to boost deposits Banks increase mark-up over repo-linked external benchmark loans to protect margins Paytm becomes majority Indian-owned and controlled company as domestic investors raise stake UPI clocks 228.5 billion transactions in 2025, driving India’s digital payments boom Kevin Warsh files financial disclosures, pledges divestment for Fed nomination Bitcoin climbs to 4-week high on hopes of US-Iran peace talks Gold loans register sharp growth to emerge India’s second-largest retail credit product: TransUnion CIBIL Poonawalla Fincorp mops up ₹2,500 cr via QIP RBI returns Ujjivan SFB’s application to transition to a universal bank LIC board approves 1-for-1 bonus issue BoB and Reliance Jio launch mobile banking app for feature phone users Net sales of non-financial pvt cos rise 11.4% in FY25: RBI data
Punjab & Sind Bank reported 30% rise in net profit for FY...
2026-04-27 · via Latest Money & Banking, Financial News Today - news | The HinduBusinessLine

With improvement in asset quality, Punjab & Sind Bank on Monday reported net profit rising by over 30 per cent to ₹1322 crore in Fiscal Year 2025-26. Bank board has recommended final dividend of 3.90 per cent or 39 paise per equity share of ₹10 each for FY 26.

Share price of the bank closed at ₹25.65, higher by 3.3 per cent on BSE.

For quarter ending March 31, the net profit was ₹422 crore, showing a growth of 25 per cent. However, net interest income (NII) declined 13 per cent to ₹974.8 crore compared with ₹1,122 crore in the year-ago period.

Gross Non Performing Assets (NPA), as a percentage of advances and on year-on-year bases, declined by 98 bps to 2.4 per cent from 3.38 per cent. Similarly net NPA reduced by 17 bps to 0.79 per cent from 0.96 per cent

Earlier this month, the bank had reported steady growth in its business update. Total deposits increased 12.37 per cent year-on-year to ₹1.46 lakh crore, while gross advances grew at a faster pace of 18.39 per cent to ₹1.18 lakh crore.

Published on April 27, 2026