Punjab & Sind Bank
NSE: PSB | Information Technology
Market Fundamentals
Stock Intelligence & News
Bank Holiday On September 26: Are SBI, HDFC Bank And ICICI Branches Open Or Closed Today?
Bank branches will remain closed on September 26 for the fourth Saturday. PSBs and RRBs are scheduled to operate on September 27, ahead of the proposed nationwide bank strike from September 28 to 30.
Read Full Analysis →FinMin To Meet PSB, RRB Chiefs On Monday To Ensure Banking Services During Three-day Strike
The Finance Ministry has called a meeting of chief executives of public sector banks and regional rural banks on Monday to discuss measures to ensure continuity of banking operations and essential customer services during the three-day strike.
Read Full Analysis →Fact Check: Is Govt Considering To Merge 9 PSBs With SBI, PNB And Bank Of Baroda?
It claimed Indian Bank, Bank of Maharashtra, Central Bank of India would be acquired by SBI.
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PSBs Sound Alarm As Bank Unions Plan Sept 11 Strike, Threaten Indefinite Stir From Oct 26
The Union Bank of India stated in its filing that it is unable to 'quantify the impact' of these strikes.
Read Full Analysis →Shifting Gears: PSBs borrow more to cater to credit demand as deposits lag
Public sector banks are borrowing more to fund lending expansion. Deposits are not keeping pace with credit growth for these banks. Private banks show stronger deposit growth and are gaining market share. This trend raises concerns about funding sustainability for state-owned lenders. Abundant system liquidity currently cushions the impact of these shifts.
Read Full Analysis →HDFC Bank, ICICI Bank, Axis Bank: Bernstein's Top Bank Picks As Private Bank Recovery Gathers Pace
Bernstein sees convergence between private and public sector banks, with PVB growth recovering while PSBs retain an edge in margins and profitability.
Read Full Analysis →PSBs To Offer No-Frills Accounts To Youth Without Charges, FM Sitharaman Says
Sitharaman announced a month-long "Banking for Youth" campaign set to be launched by PSBs from October 2, catering to those aged 16 and above as well as young professionals.
Read Full Analysis →High-Powered Committee On Banking For Viksit Bharat To Be Announced This Month: FM Sitharaman
FM Sitharaman emphasized that once the committee's report is published, PSBs will be expected to pivot their strategies and move decisively in the direction of its recommendations.
Read Full Analysis →Banks Collect Rs 7,087 Crore For Not Maintaining Minimum Balance; HDFC Bank Tops List
Public sector banks (PSBs), for their part, collected Rs 2,137.92 crore for the same reason.
Read Full Analysis →The ATM story: Banks move to cash recyclers from just dispensers
More than 15,000 ATM units are expected to come up for request for proposals (RFPs) for cash recyclers, with nearly 77% of these belonging to PSBs, according to industry executives. Punjab National Bank, Union Bank of India and Bank of India are among the lenders expected to issue recycler RFPs.
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