Annual Report 2008-2009 of Punjab and Sind Bank

It is a broadly described annual report of Punjab & Sind Bank in the year of 2008-2009. During the financial year, The Bank’s total business has recorded an increase of 37.31% at Rs. 59373.75 Crore against Rs. 43240.42 Crore as on 31^st March 2008. Total deposits of the Bank registered a growth of 39.64% with the net accretion of Rs. 9844.24 Crore, to reach Rs. 34675.65 Crore as on 31^st March 2009 from Rs. 24831.41 Crore as on 31^st March 2008. Operating Profit of the Bank increased by 34.10% at Rs. 727.71 Crore in comparison to Rs. 542.66 Crore last year. The Bank has posted 14.34% growth in Net Profit from Rs. 382.36 Crore last year to Rs. 437.18 Crore this year.

The Return on Assets (ROA) of the Bank stood at 1.26% as compared to 1.49% in the year 2007-08.

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