Punjab & Sind Bank (PSB) is a public sector bank established in 1908 and headquartered in New Delhi. It offers a full range of banking services across retail, corporate, treasury, and international segments. With over 1,500 branches nationwide, PSB has made steady progress in recent years—reducing NPAs, strengthening capital buffers, and returning to consistent profitability. In FY2025, it reported 70.61% YoY profit growth, supported by improved asset quality and disciplined provisioning. This article provides a realistic, data-backed outlook on the Punjab & Sind Bank share price target 2026–2030, based on verified financials from Screener.in, Groww, and Finology as of January 13, 2026.
Punjab & Sind Bank: Company Overview
- Founded: 1908
- Managing Director: Shri Swarup Kumar Saha
- NSE Symbol: PSB
- Business Segments: Retail Banking, Corporate/Wholesale Banking, Treasury Operations, Other Banking Activities
- Market Position: Smaller PSU bank with strong regional presence in North India
Punjab & Sind Bank has focused on balance sheet repair, digital adoption, and credit recovery. While its scale is modest compared to larger peers, its improving fundamentals and government backing provide baseline stability.
Punjab & Sind Bank: Key Financial Snapshot
| Metric | Value |
|---|---|
| Current Share Price | ₹28.45 |
| Market Capitalization | ₹20,201.13 Cr |
| No. of Shares Outstanding | 709.56 Cr |
| 52-Week High / Low | ₹52.00 / ₹25.20 |
| P/E Ratio (TTM) | 17.44 |
| P/B Ratio | 1.61 |
| EPS (TTM) | ₹1.63 |
| Book Value (TTM) | ₹17.72 |
| ROE | 7.59% |
| ROCE | 7.40% |
| Dividend Yield | 0.25% |
| Face Value | ₹10 |
| Net Interest Income | ₹3,783.66 Cr |
| Cost-to-Income Ratio | 61.23% |
| Capital Adequacy Ratio (CAR) | 17.41% |
| Profit Growth (YoY) | 70.61% |
| CASA % | 31.43% |
Punjab & Sind Bank Share Price Target Forecast (2026–2030)
| Year | Target Price Range (₹) |
|---|---|
| 2026 | ₹30 – ₹34 |
| 2027 | ₹32 – ₹37 |
| 2028 | ₹34 – ₹41 |
| 2029 | ₹36 – ₹45 |
| 2030 | ₹38 – ₹49 |
Punjab & Sind Bank Share Price Target 2026
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2026 | ₹30 | ₹34 |
Punjab & Sind Bank posted 70.61% YoY profit growth in FY2025, driven by lower provisioning and stable interest income. However, it trades at a relatively high P/E of 17.44 for a PSU bank with an ROE of just 7.59%. The stock appears fairly valued given its modest earnings scale (EPS: ₹1.63) and high cost-to-income ratio (61.23%). A healthy CAR (17.41%) supports operational stability, but a limited free float (public holding: 1.96%) affects liquidity. A 2026 target range of ₹30–₹34 assumes continued macro stability and no fresh slippages.
Punjab & Sind Bank Share Price Target 2027
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2027 | ₹32 | ₹37 |
If PSB sustains its current trajectory and gradually improves efficiency, earnings could grow at 15–20% annually. The bank resumed dividends in FY2025 (₹0.20/share), signaling a shift toward shareholder returns. Assuming EPS reaches ₹1.80–₹2.00 by FY27 and P/E stabilizes around 17–18x, the 2027 target range of ₹32–₹37 is reasonable.
Punjab & Sind Bank Share Price Target 2028
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2028 | ₹34 | ₹41 |
By 2028, benefits from past NPA resolution and digital initiatives should reflect more clearly in margins. However, the bank’s high promoter holding (93.85%) limits market float and institutional participation. A P/E of 17.5–19x on projected EPS of ₹1.90–₹2.15 supports the ₹34–₹41 band, assuming ROE holds above 7%.
Punjab & Sind Bank Share Price Target 2029
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2029 | ₹36 | ₹45 |
Long-term credit demand in semi-urban and rural India remains supportive. Yet, competition from larger PSUs like SBI and private banks may cap pricing power. If asset quality remains stable and net interest income grows at 10–12% CAGR, EPS could reach ₹2.00–₹2.30 by FY29. At a P/E of 18–19.5x, the 2029 target is ₹36–₹45.
Punjab & Sind Bank Share Price Target 2030
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2030 | ₹38 | ₹49 |
Over a five-year horizon, PSB offers modest growth with defensive capital strength. While it lacks the scale of top-tier PSUs, its return to profitability makes it a viable satellite holding. A terminal P/E of 18.5–20x on FY30 EPS (~₹2.10–₹2.45) justifies the ₹38–₹49 range. Upside remains limited by structural inefficiencies, but downside risk is low due to strong buffers.
Punjab & Sind Bank: Shareholding Pattern
| Category | Holding (%) |
|---|---|
| Promoters (Government of India) | 93.85% |
| Domestic Institutional Investors (DII) | 4.04% |
| Foreign Institutional Investors (FII) | 0.16% |
| Public & Others | 1.96% |
The extremely high promoter stake ensures policy continuity but severely limits free float liquidity and price discovery.
Punjab & Sind Bank: Strengths vs Risks
Strengths:
- Strong 5-year profit CAGR (25%) and return to consistent ROE (7.59% in FY25)
- Healthy capital adequacy (CAR: 17.41%), well above RBI’s 11.5% requirement
- Resumed dividend payments after several years of suspension
- Contingent liabilities (₹6,200 Cr) are relatively low for a PSU bank
Risks:
- Very high cost-to-income ratio (61.23%) limits margin expansion
- Extremely low public float (1.96%) affects trading liquidity and volatility
- Vulnerable to interest rate cycles and regional economic slowdowns
- Limited brand recognition compared to SBI or PNB
Investment Suitability
| Factor | Assessment |
|---|---|
| Risk Profile | Moderate to High |
| Ideal Time Horizon | 3–5+ years |
| Volatility | Higher than large-cap PSU peers due to low float |
| Dividend/Income Potential | Minimal (0.25% yield), but dividend resumption is positive |
| Best For | Aggressive investors seeking small PSU banking exposure with recovery potential |
FAQs
Q: What is the 52-week high for PSB shares?
Ans: The 52-week high for Punjab & Sind Bank shares is ₹52.00, as of January 13, 2026.
Q: How do I buy shares of Punjab & Sind Bank?
Ans: You can buy PSB shares through any SEBI-registered stockbroker (e.g., Groww, Zerodha, ICICI Direct) by opening a Demat and trading account. Search for “PSB” or use the NSE symbol PSB to place your order.
Q: Why is the Punjab & Sind Bank share falling?
Ans: Despite strong FY2025 profit growth, PSB shares have underperformed due to:
- High valuation (P/E ~17x) relative to low ROE (~7.6%)
- Extremely low public float, causing poor liquidity
- Profit-taking after a sharp rally in early 2025
- Broader PSU banking sector rotation toward larger names like SBI and BoB
Final Verdict
Punjab & Sind Bank has turned a corner after years of stress, now delivering strong profit growth and maintaining robust capital buffers. However, its high operating costs, minimal free float, and modest return ratios limit aggressive upside.
Our Punjab & Sind Bank share price target 2026–2030 (₹30 to ₹49) reflects cautious optimism—rooted in historical performance, sector trends, and realistic valuation expansion. Investors should monitor quarterly asset quality, cost ratios, and dividend policy before increasing exposure.
Disclaimer: Price targets are estimates based on publicly available data and sector analysis. They are not investment advice. Consult a SEBI-registered advisor before making decisions.
Sources
- Screener.in – Punjab & Sind Bank Consolidated Page (FY2025 + TTM)
- Groww.in – PSB Stock Profile (Market Cap, P/E, Dividend Yield)
- Finology Ticker – Punjab & Sind Bank Analysis
- Punjab & Sind Bank Investor Presentation (Q3 FY26, Jan 2026)
- BSE India – Annual Report FY2025
