More Stories

Informist, Monday, Apr. 27, 2026

By Meera Nair

MUMBAI – Punjab & Sind Bank Monday reported a sharp rise in its bottom line for the quarter ended March due to the reversal of provisions. Total income, however, fell during the quarter, capping a further jump in the net profit. 

The bank's net profit for the March quarter rose almost 35% on year and over 25% sequentially to INR 4.22 billion. Provisions worth INR 731.5 million were reversed during the reporting quarter, lending sole support to the bottom line. In the corresponding quarter last year, provisions were to the tune of INR 3.74 billion. 

The lender's total income and interest earned saw a steady fall in the reporting quarter, both on-year and sequentially. The total income fell almost 10% on year and 2.6% on quarter to INR 34.57 billion. Of this, other income fell almost 37% on year to INR 4.27 billion. Sequentially, the bank's other income fell almost 16%. The interest income also declined over 4% on year to INR 30.30 billion. Sequentially, it fell only marginally. 

The lender's total expenses also fell during the quarter, offsetting some of the impact from lower interest earned. Total expenses of the bank fell 3.5% on year and 1.4% on quarter to INR 29.15 billion in Jan-Mar. Employees' costs fell 22.7% on year to INR 4.96 billion, down 11.34% sequentially. Operating expenses also fell 12.47% on year and 4.4% on quarter to INR 8.60 billion. The interest expended, however, saw a marginal rise on year to INR 20.55 billion, but was broadly unchanged from a quarter ago. 

The bank's asset quality improved, with gross non-performing assets ratio declining to 2.40% as on Mar. 31 from 2.60% a quarter ago. The net non-performing assets ratio was 0.79% as on Mar. 31, slightly higher than 0.74% a quarter ago. 

The bank's provisions for non-performing assets during the reporting quarter were at INR 197.1 million, sharply lower than INR 3.25 billion a year ago. 

The bank's net profit for financial year 2025-26 (Apr-Mar) was INR 13.22 billion, up 30% on year. Meanwhile, the bank's total income for FY26 was INR 137.59 billion, up 5.4%. 

The bank's total advances grew 18% on year to INR 1.18 trillion in the quarter ended March, while its deposits grew 12% on year to INR 1.46 trillion. 

The lender's Basel III capital adequacy ratio was 17.42% as on Mar. 31, up just 1 basis point from year-ago period, but 59 bps higher than a quarter ago. The capital adequacy ratio ensures banks have sufficient financial cushion to absorb losses and remain resilient. 

The state-owned bank's board Monday also approved a final dividend of INR 0.39 per share for FY26. Monday, Punjab & Sind Bank's shares ended at INR 25.70 on the National Stock Exchange, up 3.46% from Friday's close.  End

Edited by Tanima Banerjee

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.

Informist Media Tel +91 (22) 6985-4000

Send comments to feedback@informistmedia.com

© Informist Media Pvt. Ltd. 2026. All rights reserved.