ASSIGNMENT ON

FINANCIAL PERFOMANCE OF “PUNJAB AND SIND BANK”

Submitted in partial fulfillment of the requirements for the degree of Master of business administration (2009-2011) affiliated to School of Management Studies, Patiala

SUBMITTED TO DR.Gurdip Batra

SUBMITTED BY Simranjeet Singh MBA-3rd Sem. Roll no-5896,Sec-C

SCHOOL OF MANAGEMENT STUDIES, PATIALA

PUNJAB AND SIND BANK: ALL ABOUT Introduction: Punjab & Sind Bank founded in the year 1908 started functioning from the Holy City of Amritsar with a humble idea to uplift the poorest of poor. when a humble idea to uplift the poorest of poor of the land culminated in the birth of Punjab & Sind Bank with the far-sighted vision of luminaries like Bhai Vir Singh. even today Punjab & Sind Bank stands committed to honor the social commitments of the founding fathers . They enjoyed the highest respect with the people of Punjab. The bank was founded on the principle of social commitment to help the weaker section of the society in their economic endeavours to raise their standard of life. Today we are strong & vibrant Bank with 919 branches and 63 ATMs across India. Decades have gone by. Sir Sunder Singh Majitha and Sardar Tarlochan Singh. HISTORY It was in the year 1908.

• To adopt professional approach in effectively managing financial as well as non-financial risks. • To maximize profitability and profits of the Bank with due compliance of prudential guidelines. To adopt and operationalise high-level technology standards. financial and technological resources. increased yield on advances and investments besides reduction in cost of operations Objective The bank was founded by luminaries like Bhai Vir Singh. To achieve the highest standards of transparency and accountability in the conduct of banking business. Corporate Mission • • • • To put in place the effective Risk Management and Internal Control Systems. To strive to achieve excellence in Customer Service. Sir Sunder Singh Majitha and Sardar Tarlochan Singh in the holy city of Amritsar on the principle of social commitment to help the weaker section of the society in their economic endeavours to raise their standard of life.VISION AND MISSION Corporate Vision We envision emerging as a strong vibrant Bank through synchronization of the human. . • To maximize competitive risk adjusted return on capital. through planned reduction in the average cost of funds.

Ltd. Its Housing Finance Branch caters to the credit need of the house aspirants. Its customers can now avail insurance related services under one roof Nationalization Punjab & Sind Bank was nationalized in 1980 along with six other banks by the Government of India .Achievements and Activities Punjab & Sind Bank is the first bank in Northern India to obtain ISO 9002 certification for its selected branches. The bank has entered into agreements for Non Life insurance business with M/s Bajaj Allianz General Insurance Company and Life Insurance business arrangements with M/s Aviva Life Insurance Company India Pvt.

ZONAL OFFICES (25) REGIONAL OFFICES (40) BRANCHES (916) .ORGANISATION STRUCTURE HEAD OFFICE Rajendra Place New Delhi.

SWOT ANALYSIS Strength Weakness Opportunities Threats .

Let’s analyze SWOT in order to know as to where the company stands 2.7 SWOT ANALYSIS STRENGTH  Wide network  Large number of customers  Fast adaptability to technology  Brand image WEAKNESS  Casual behaviour  Corruption and red tapism  Slow decision making due to large hierarchy  High gross NPA .

OPPORTUNITIES  Home to home banking services  Diversification towards other fields  Globalization THREATS  Stiff competition from SBI and other private players. .

Products & Services: Deposits     Savings Account Currents Account Recurring Deposits Fixed Deposits LOANS        Priority sector Loans Housing Loans Home Enhancement Loans Personal Loans Education Loans Car Loans Business Loans Other Services           NRI Services Punjab & Sind bank-ICICI Bank Credit Card Gold Card Schemes Locker Facilities RTGS NEFT PSB e-funds Transfer Tax Payment E-bill payments PSb –Aviva Allianz Insurance .

06 advances Less : current liabilities 15.892.05 2.17 2.48 1.496.230.375.362.670.62 7.34 91.384.42 189.39 15.53.18 43.38 23.40.036.228.16 Loan funds Secured loans Unsecured loans Total 2.02.64 Net current assets Current assets.443.05 -9.90 6.114.585.113.997.901.18.765.99.84 31.413.00 2.634.69 7.20.43 3.63 4.501.497.79 25.694.431.31 1.Balance sheet Mar ' 10 Mar ' 09 Mar ' 08 Mar ' 07 Mar ' 06 Sources of funds Owner's fund Equity share capital Share application money Preference share capital Reserves & surplus 1.15 Notes: Book value of unquoted investments Market value of quoted investments Contingent liabilities 7.923.251. loans & 29.00 48.968.347.55.73 1.00 45.12 3.53 899.16 Uses of funds Fixed assets Gross block Less : revaluation reserve Less : accumulated depreciation Net block Capital work-inprogress Investments 7.14 3.29 350.927.62 -14.642.173.00 23.77 42.083.96 1.108.090.129.87.01.676.65.058.114.987.227.37 Miscellaneous expenses not written Total 1.41 1.89 50.67 8898.746.316.33.88 1.09 3.642.45 11132.551.44.26 2.112.57 1.83 350.34 350.45 1.797.60 2.11.771.96 2.84 2.546.03.43 & provisions Total net current assets 14.66 5.20 8.62 80.19 1.980.78 -9.503.601.56 -11.30.38.419.91 1.54 97.68 350.87 8992.03.99 Number of equity sharesoutstanding 11148.114.00 21.56 2.85 38.920.895.34.80 1.547.11 4.454.82 2.71 3.257.09 66.016.71 147.23 34.639.212.91.298.357.92 889.801.24 (Lacs) .68.51 11126.94 71.85 3.510.

87 5.741.12 -0.55 4.10 3.757.02 5.39 1.21 1.592.24 16.79 -12.778.946.43 4.602.818.082.250.36 38.30 1.45 619.407.94 6.46 Expenses Material consumed Manufacturing expenses Personnel expenses Selling expenses Adminstrative expenses Expenses capitalised Cost of sales Operating profit Other recurring income Adjusted PBDIT Financial expenses Depreciation Other write offs Adjusted PBT Tax charges Adjusted PAT Non recurring items Other non cash adjustments Reported net profit Earnigs before appropriation Equity dividend Preference dividend Dividend tax Retained earnings (Rs crore) .07 -10.62 4.276.305.616.04 151.725.50 678.85 3.57 22.706.94 4.22 7.112.66 2.45 5.67 153.96 5.95 1.75 1.17 1.73 984.862.17 466.53 -13.517.650.28 669.42 5.830.349.07 4.227.96 17.925.95 3.49 10.39 39.484.69 2.447.738.092.552.56 3.63 2.63 840.727.22 2.98 7.61 115.10 106.440.60 578.18 9.29 236.50 -12.600.156.337.194.(Rs crore) Profit & loss account Mar ' 10 Mar ' 09 Mar ' 08 Mar ' 07 Mar ' 06 Income Operating income 32.793.193.857.55 5.73 3.269.597.702.995.25 556.17 759.259.66 5.747.73 3.358.70 2.354.83 1.750.79 1.78 1.00 3.92 28.540.50 9.567.532.51 1.08 3.59 3.60 1.30 5.224.93 23.772.457.70 901.52 17.12 2.403.078.58 -13.157.64 65.90 1.13 17.32 4.557.33 164.07 3.102.78 623.35 544.475.42 7.110.116.728.63 6.82 8.467.54 10.58 1.94 305.95 134.36 330.21 149.735.91 5.971.611.51 65.58 309.00 2.059.740.757.

37 316.78 0.95 15.76 39.08 66.60 31.30 1.55 196.64 10.01 4.55 11.22 65.62 0.79 0.01 5.08 6.00 48.59 40.94 36.12 1.55 35.59 351.26 33.94 62.36 34.36 65.41 1.58 -26.45 199.31 32.46 5.81 8.30 12.80 8.ratio (post tax) Component ratios .12 29.25 1.91 20.80 463.54 7.58 52.95 5.24 0.04 33.64 417.06 12.10 14.19 270.61 0.87 49.29 417.35 36.20 33.Ratios Mar ' 10 Mar ' 09 Mar ' 08 Mar ' 07 Mar ' 06 Per share ratios Adjusted EPS (Rs) Adjusted cash EPS (Rs) Reported EPS (Rs) Reported cash EPS (Rs) Dividend per share Operating profit per share (Rs) Book value (excl rev res) per share (Rs) Book value (incl rev res) per share (Rs.71 346.01 9.72 0.31 12.94 16.91 -117.96 66.13 14.66 15.13 5.20 36.51 52.52 4.23 68.13 12.80 70.55 249.01 293.21 14.64 354.58 56.00 63. st loans) Quick ratio Inventory turnover ratio Payout ratios Dividend payout ratio (net profit) Dividend payout ratio (cash profit) Earning retention ratio Cash earnings retention ratio Coverage ratios Adjusted cash flow time total debt Financial charges coverage ratio Fin.40 11.34 1.58 444.85 11.41 10.00 51.83 2.48 28.33 Profitability ratios Operating margin (%) Gross profit margin (%) Net profit margin (%) Adjusted cash margin (%) Adjusted return on net worth (%) Reported return on net worth (%) Return on long term funds (%) Leverage ratios Long term debt / Equity Total debt/equity Owners fund as % of total source Fixed assets turnover ratio Liquidity ratios Current ratio Current ratio (inc.33 110.10 41.45 11.89 28.34 0.94 343.74 11.52 13.79 10.81 12.94 444.63 3.87 193.25 1.47 35.08 6.82 72.01 463.12 17.00 42.84 64.04 14.66 12.45 12.75 249.61 0.74 356.33 11.01 7.10 6.08 27.94 0.37 42.99 10.70 33.42 18.94 0.64 34.55 7.17 -39.50 36.50 9.56 11.46 0.36 9.52 0. charges cov.60 1.78 41.39 1.60 39.35 70.22 28.43 56.27 15.56 8.37 270.72 0.70 44.30 39.42 33.97 37.70 37.35 4.51 11.) Net operating income per share (Rs) Free reserves per share (Rs) -122.79 82.25 1.24 18.14 0.33 1.00 49.45 7.

78 0.75 0.80 0.82 - .74 4.80 0.12 4. consumed Long term assets / total Assets Bonus component in equity capital (%) Mar ' 10 Mar ' 09 Mar ' 08 Mar ' 07 Mar ' 06 0.43 6.80 0.72 1. in raw mat.Material cost component (% earnings) Selling cost Component Exports as percent of total sales Import comp.

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