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Informist, Saturday, Jul. 18, 2026

 

--Punjab & Sind Bank Apr-Jun net profit INR 3.32 bln 
--Punjab & Sind Bank Apr-Jun total income INR 35.46 bln 
--Punjab & Sind Bank Q1 net profit INR 3.32 bln vs INR 2.69 bln yr ago 
--Punjab & Sind Bank Q1 total income INR 35.46 bln vs INR 33.79 bln yr ago 
--Punjab & Sind Bank Apr-Jun provisions INR 939.9 mln vs INR 2.17 bln yr ago 
--Punjab & Sind Bank Q1 NPA provisions INR 1.24 bln vs INR 226.9 mln yr ago 
--Punjab & Sind Bank gross NPA ratio 2.21% on Jun 30 vs 2.40% qtr ago 
--Punjab & Sind Bank net NPA ratio 0.65% on Jun 30 vs 0.79% qtr ago 
--Punjab & Sind Bank Basel III capital adequacy ratio 17.61% on Jun 30

 

By Janwee Prajapati and Shruti Nair

 

MUMBAI – Punjab & Sind Bank Saturday reported a significant on-year jump in its bottom line for the June quarter, supported by a sharp decline in provisions. The state-owned lender's total income for Apr-Jun saw a moderate on-year rise.

 

For Apr-Jun, the bank reported a 23% on-year jump in its net profit at INR 3.32 billion. The rise in the bottom line was propelled by a near 57% on-year decline in provisions to INR 940 million in the June quarter from INR 2.17 billion in the year-ago period. Provisions for non-performing assets were at INR 1.24 billion, up 444.47% on year. Sequentially, these were up 526.79%. 

 

The public sector bank's total income for the June quarter was INR 35.46 billion, up nearly 5% on year. In the bank's total income, a major contribution was recorded from interest, discount on advances, and bills, which was at INR 23.49 billion, up over 14% on the year and nearly 8% on a sequential basis. Income from investments was up almost 4% on year and up 2.44% sequentially at INR 8.47 billion. The rise in total income was capped as other income, which made up over 9% of the total income, was down over 29% on year and over 22% on quarter at INR 3.32 billion. 

 

The public sector lender's gross non-performing ratio was 2.21% as on Jun. 30, down from 2.40% a quarter ago. The net non-performing asset ratio was 0.65% as on Jun. 30, lower than 0.79% in the previous quarter. The bank's Basel-III capital adequacy ratio stood at 17.61% as on Jun. 30. 

 

Total deposits for the bank rose over 12% on year to INR 1.47 trillion in the reporting quarter. Current account savings account deposits were up over 10% on year at INR 442.25 billion in the June quarter. Retail term deposits saw growth of nearly 15% in the June quarter and stood at INR 657.64 billion. 
 

The bank's gross advances rose 19.35% on year to INR 1.19 trillion in the June quarter. Out of this, the retail portfolio comprised 25.82%, the agricultural portfolio held 13.38% share, and micro, small, and medium enterprises held 20.82% share in the reporting quarter.

 

On the credit front, the retail segment reported the largest on-year segmental credit growth of 36.44%, followed by micro, small, and medium enterprises which grew at 32.71% on year in the reporting quarter. Credit to the agricultural sector grew 25.85% on year in the reporting quarter. Credit cost in the reporting quarter was 0.11%. 

 

On Friday, shares of Punjab & Sind Bank ended at INR 24.77 apiece on the National Stock Exchange, up 0.2%.  End

 

Edited by Avishek Dutta

 

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