Punjab and Sind Bank Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended December 31, 2013
January 28, 2014 at 08:03 am EST
Share
Punjab and Sind Bank reported unaudited earnings results for the third quarter and nine months ended December 31, 2013. For the quarter, the company reported total income of INR 21,775.8 million against INR 19,834.8 million a year ago. Profit from ordinary activities before tax was INR 1,046.3 million against INR 1,388.1 million a year ago. Net profit from ordinary activities after tax was INR 1,001.1 million against INR 736.8 million a year ago. Net profit for the period was INR 1,001.1 million or INR 3.91 basic and diluted EPS before and after extraordinary items (net of tax expense)against INR 736.8 million or INR 3.15 basic and diluted EPS before and after extraordinary items (net of tax expense) a year ago.
For the nine months, the company reported total income of INR 61,581.1 million against INR 57,133.8 million a year ago. Profit from ordinary activities before tax was INR 2,853.0 million against INR 3,681.0 million a year ago. Net profit from ordinary activities after tax was INR 2,647.8 million against INR 2,147.8 million a year ago. Net profit for the period was INR 2,647.8 million or INR 10.40 basic and diluted EPS before and after extraordinary items (net of tax expense)against INR 2,147.8 million or INR 9.17 basic and diluted EPS before and after extraordinary items (net of tax expense) a year ago. As on December 31, 2013, book value stood at INR 146.71 per share.
Punjab & Sind Bank is an India-based bank. The Bank operates through four segments: Treasury Operations, Corporate/Wholesale Banking, Retail Banking and Other Banking Operations. The Bank's international banking services include non-resident Indian (NRI) services, export/import services, forex treasury and gold card schemes and others. PSB Fixed Deposits, PSB Tax Saver, PSB Education Loan, PSB Apna Ghar, PSB Apna Ghar Top Up, PSB Apna Vahan, PSB Recurring Deposit Account, Flexi Savings Deposit Product and others. Its digital banking services include retail Internet banking, corporate internet banking, unified payment interface (UPI), RuPay prepaid card, PSB cards, ATM/debit card & charges, bill payment, debit freeze account and others. Its social banking includes PM Yojana and government schemes. It also provides current account, saving account, PSB premier saving account, PSB Premier current account, basic saving bank deposit account and others. It has over 1531 bank branches.