Annual Report 2013-2014 of Punjab and Sind Bank

It is a broadly described annual report of Punjab & Sind Bank in the year of 2013-2014. During the financial year, The Bank’s total Business increase of 16.41% at Rs. 142588 Crore as compared to Rs. 122485 Crore as on 31^st March 2013. The total deposit of the Bank registered a growth of 19.94% with the Net accretion of Rs. 14088.66 Crore to reach Rs. 84730.16 Crore as on 31^st March 2014 from Rs. 70641.50 Crore as on 31^st March 2013. The Bank recorded a Net Profit of Rs. 300.63 Crore for the year 2013-14 as compared to that at Rs. 339.22 Crore during the FY 2012-13. The Equity Share Capital of the Bank has increased by Rs. 21.26 Crore to Rs. 275.28 Crore and Share Premium have increased by Rs. 78.52 Crore (Share Premium Received Rs. 78.74 Crore minus Share Issue Expenses Rs. 0.22 Crore) to Rs. 703.98 Crore.

The Board of Directors of the Bank has recommended a final dividend of Rs. 0.60 (paise sixty only) (excluding interim dividend of Rs. 1.60 per equity share declared on 16.01.2014, paid on 31^st January 2014) per equity share of Rs. 10/- each, for the financial year 2013-14.

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