CMP: 63

Punjab & Sind Bank is a commercial bank. The Bank offers its customers a wide range of banking products and services.

Punjab & Sind Bank is a decent bet in mid-cap banking space trading at a P/E of less than 4 and dividend yields of over 3% in the last 12 months. Revenues have risen from 3934 Crores to 6474 Crores in the last 3 years. Profits have dipped from 509 Crores to 451 Crores on falling margins. NPM has fallen from 13% to 7% over the last 3 years. Its not a great growth buy, but looks attractive at a P/E of less than 4.