Annual Report 2015-2016 of Punjab and Sind Bank

It is a broadly described annual report of Punjab & Sind Bank in the year of 2015-2016. During the financial year, The Bank’s total Business of the Bank recorded an increase of 3.31% at Rs. 156527 Crore as compared to Rs. 151511 Crore as on 31^st March 2015. The total deposit of the Bank registered a growth of 5.23% with the net accretion of Rs. 4535.24 Crore to reach Rs. 91249.96 Crore as on 31^st March 2016 from Rs. 86714.72 Crore as on 31^st March 2015. The Bank recorded a Net Profit of Rs. 335.97 Crore for the year 2015-16 as compared to that at Rs. 121.35 Crore during the FY 2014-15. The Net Worth of the Bank has improved from Rs. 4811.56 Crore as on 31^st March 2015 to Rs. 5068.08 Crore as on 31^st March 2016.

The Board of Directors of the Bank has recommended a dividend of Rs. 1.65 (Rupee One and paise sixty-five only) per equity share of Rs. 10/- each fully paid up, for the financial year 2015-16.

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