Earnings Review
Punjab & Sind Bank's PAT surges on rise in other income
This story was originally published at 18:27 IST on 19 July 2025
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--Punjab & Sind Bank Apr-Jun net profit INR 2.69 bln vs INR 1.82 bln yr ago
--Punjab & Sind Bk Apr-Jun total income INR 33.79 bln vs INR 28.46 bln yr ago
--Punjab & Sind Bk Apr-Jun provisions INR 2.17 bln vs INR 1.03 bln year ago
--Punjab & Sind Bank gross NPA ratio 3.34% as on Jun 30 vs 3.38% quarter ago
--Punjab & Sind Bank net NPA ratio 0.91% as on Jun 30 vs 0.96% quarter ago
--Punjab & Sind Bank Basel-III capital adequacy ratio 17.90% as on Jun 30
By Gowri Lakshmi and Pratiksha
MUMBAI – Punjab & Sind Bank's net profit for the June quarter rose sharply on year, primarily because of a rise in other income. However, a jump in the lender's provisions ate into its bottom line. The bank's net profit rose more than 48% on year to INR 2.69 billion for the quarter. Sequentially, however, the net profit fell 14%.
The bank's total income for the reporting quarter rose nearly 19% on year to INR 33.79 billion. Of this, the other income rose 142% on year to INR 4.69 billion.
The state-owned bank's provisions and contingencies for the June quarter jumped 110% on year to INR 2.17 billion. However, provisions declined 42% on quarter.
The bank's provision coverage ratio was 91.77% as on Jun. 30, against 88.08% a year ago. Its asset quality improved, with the gross non-performing asset ratio declining to 3.34% as on Jun. 30, from 3.38% at the end of March and 4.72% as on Jun. 30, 2024. The net non-performing asset ratio was 0.91%, from 0.96% as on Mar. 31 and 1.59% a year ago.
The bank's total expenses during the quarter under review rose over 12% on year to INR 28.39 billion. Of this, interest expenses increased 11.5% on year to INR 20.10 billion.
The bank's total deposits rose 8.8% to INR 1.21 trillion while total advances rose 13.9% to INR 877.38 billion. Retail advances registered a growth of 29% with advances to micro, small, and medium enterprises posting a growth of 14.5%. The capital-to-risk weighted assets ratio was 17.9% as on Jun. 30. The bank's Basel-III capital adequacy ratio was at 17.90% as of Jun. 30. Shares of Punjab & Sind Bank closed 0.3% lower at INR 32.28 on the National Stock Exchange Friday. End
Edited by Nishant Maher
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