Annual Report 2012-2013 of Punjab and Sind Bank

It is a broadly described annual report of Punjab & Sind Bank in the year of 2012-2013. During the financial year, The Bank’s total Business increase of 11.87% at Rs. 122485 Crore as compared to Rs. 109493 Crore as on 31^st March 2012. The total deposit of the Bank registered a growth of 11.91% with the Net accretion of Rs. 7517.52 Crore to reach Rs. 70641.50 Crore as on 31^st March 2013 from Rs. 63123.98 Crore as on 31^st March 2012. The average cost of deposits of the bank stood at 8.32 % compared to 7.97% in previous year. Operating profit of the bank was Rs. 93885 Crore. The Bank recorded a Net Profit of Rs. 339.22 Crore for the year 2012-13 as compared to that at Rs. 451.28 Crore during the FY 2011-12.

During the year, the Equity Share Capital of the Bank has increased by Rs. 19.81 Crore to Rs. 254.02 Crore and Share Premium have increased by Rs. 119.94 Crore to Rs. 625.46 Crore. The Net Worth of the Bank has improved from Rs. 3518.89 Crore as on 31^st March 2012 to Rs. 3897.25 Crore as on 31^st March 2013.

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