Annual Report 2009-2010 of Punjab and Sind Bank

It is a broadly described annual report of Punjab & Sind Bank in the year of 2009-2010. During the financial year, The Bank’s total business of the Bank increased by Rs. 22520.01 Crore to Rs. 81893.76 Crore at the end of the year 2009-10, from Rs. 59373.75 Crore, recording a growth rate of 37.93%. Total deposits of the Bank registered a growth of 41.76% with the net accretion of Rs. 14479.44 Crore, to reach Rs. 49155.09 Crore as on 31^st March 2010 from Rs. 34675.65 Crore as on 31^st March 2009. Operating Profit of the Bank increased by 21.60% at Rs. 877.56 Crore in comparison to Rs. 721.71 Crore in 2008-09. During the year, Bank has posted a record Net Profit of Rs. 508.80 Crore from Rs. 431.18 Crore during 2008-09, registering a growth of 18%.

The paid-up Capital of the Bank remained unchanged at Rs. 383.06 Crore. The Net Worth of the Bank has improved from Rs. 1634.33 Crore as on 31^st March 2009 to Rs. 2128.23 Crore as on 31^st March 2010.

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