Punjab and Sind Bank Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2012
January 31, 2013 at 09:15 am
Share
Punjab and Sind Bank reported earnings results for the third quarter and nine months ended December 31, 2012. For the quarter, the company reported total income was INR 19,834.8 million against INR 17,544.4 million a year ago. Profit from ordinary activities before tax was INR 1,388.1 million against INR 1,567.1 million a year ago. Net profit from ordinary activities after tax was INR 736.8 million against INR 916.3 million a year ago. Net profit for the period was INR 736.8 million or INR 3.15 basic and diluted EPS before and after extraordinary items (net of tax expense)against INR 916.3 million or INR 4.11 basic and diluted EPS before and after extraordinary items (net of tax expense) a year ago.
For the nine-month period, the company reported total income was INR 57,133.8 million against INR 50,604.0 million a year ago. Profit from ordinary activities before tax was INR 3,681.0 million against INR 4,437.6 million a year ago. Net profit from ordinary activities after tax was INR 2,147.8 million against INR 3,034.8 million a year ago. Net profit for the period was INR 2,147.8 million or INR 9.17 basic and diluted EPS before and after extraordinary items (net of tax expense)against INR 3,034.8 million or INR 13.61 basic and diluted EPS before and after extraordinary items (net of tax expense) a year ago. Book value per share rose to INR 150.89 as on December 31, 2012 as against INR 141.32 as on December 31, 2011.
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.