Punjab & Sind Bank Shares In Focus As Govt Extends MD Saha's Term Till Feb 2027

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Punjab & Sind Bank's shares are in focus after the government extended MD and CEO Swarup Kumar Saha's tenure until February 28, 2027.
Punjab & Sind Share Price: Punjab & Sind Bank's shares are in focus on Tuesday, June 3, after the government extended the tenure of its MD and CEO, Swarup Kumar Saha, until February 28, 2027. His tenure was supposed to end on June 2, 2025.
In the filing, Punjab & Sind Bank said, 'We are pleased to inform that Department of Financial Services, Ministry of Finance, Government of India vide Notification No eF.No.4/3/2024-BO.I dated June 02, 2025 has extended the tenure of Sh Swarup Kumar Saha, Managing Director & Chief Executive Officer beyond his current notified term which was ending on June 02, 2025, till the date of his superannuation i.e. February 28, 2027 or until further orders, whichever is earlier."
Meanwhile, the public bank elevated two Deputy General Managers to General Managers.
Punjab and Sind Bank's Share Price History
Punjab and Sind Bank's share price history shows varied performance over different periods. Over the past week, the share price gained 2.63%, while the Sensex dropped by 0.98%. In the last two weeks, the price increased by 1.63%, compared to the Sensex's 0.84% decline. Over the past month, the share price rose by 3.81%, outperforming the Sensex's 1.08% gain. However, over three months, the share price fell by 7.15%, even as the Sensex rose by 11.17%.
Year-to-date, the share price decreased by 15.64%, whereas the Sensex gained 3.65%. In the last six months, the price dropped by 16.74%, against the Sensex's 1.40% increase. Over the past year, the share price fell by 27.91%, while the Sensex rose by 10.02%. Over two years, the share price was nearly flat with a slight decrease of 0.03%, compared to the Sensex's 30.10% gain. For the last three years, the share price increased by 17.68%, while the Sensex climbed by 45.78%. Over five years, the share price rose by 19.01%, significantly lagging behind the Sensex's 140.57% increase. In the past ten years, the share price fell by 12.32%, whereas the Sensex surged by 199.30%.
First Published:
June 03, 2025, 08:08 IST