Earnings Review
Punjab & Sind Bank Q3 PAT up 19% YoY as other income up 50%
This story was originally published at 19:14 IST on 17 January 2026
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--Punjab & Sind Bank Oct-Dec net profit INR 3.36 bln vs INR 2.82 bln yr ago
--Punjab & Sind Bk Oct-Dec total income INR 35.49 bln vs INR 32.69 bln yr ago
--Punjab & Sind Bank Oct-Dec provisions INR 1.38 bln vs INR 1.09 bln yr ago
--Punjab & Sind Bank Q3 NPA provisions INR 473.2 mln vs INR 962.9 mln yr ago
--Punjab & Sind Bank gross NPAs ratio 2.60% as on Dec 31 vs 2.92% qtr ago
--Punjab & Sind Bank net NPA ratio 0.74% as on Dec 31 vs 0.83% qtr ago
--Punjab & Sind Bank Basel III capital adequacy ratio 16.83% as on Dec 31
--Punjab & Sind Bank Apr-Dec net profit INR 9.00 bln vs INR 7.03 bln yr ago
--Punjab & Sind Bank Apr-Dec total income INR 103.02 bln vs INR 92.13 bln
By Janwee Prajapati
MUMBAI – Punjab & Sind Bank Saturday reported a double-digit on-year growth in its net profit for the December quarter, driven primarily by a surge in other income. The bank's net profit rose over 19% on year to INR 3.36 billion and its total income rose nearly 9% on year to INR 35.49 billion. This rise in total income was due to a 50% on-year jump in other income. The lender's other income for the quarter was INR 5.07 billion, up from INR 3.38 billion in the year-ago period.
However, rise in provisions ate into the bank's net profit. The bank reported a 26% on-year rise in its provisions for Oct-Dec to INR 1.38 billion, but they were down nearly 7% sequentially. The bank's gross non-performing asset ratio fell to 2.60% as on Dec. 31, from 2.92% a quarter ago. Its net non-performing asset ratio declined to 0.74% as on Dec. 31, from 0.83% as on Sept. 30.
The bank's total expenses for the December quarter rose 6.1% on year to INR 29.55 billion. Its operating expenses were up 13.4% on year at INR 8.99 billion, with other operating expenses rising 13% on year to INR 3.39 billion. Its employee cost rose at a similar pace on year to INR 5.60 billion in the reporting quarter. The bank's interest expenditure rose over 3% on year to INR 20.56 billion in the quarter ended December.
According to the segment-wise revenue, retail banking comprised of the largest portion as it more than doubled on year to INR 15.98 billion in the reporting quarter. Treasury income was up merely 2.3% at INR 8.9 billion while the corporate banking segment reported a fall of nearly 36% to INR 10.49 billion in Oct-Dec quarter.
The bank's net profit for the nine-month period ended December rose nearly 29% to INR 9.00 billion. The bank's total income for the same period increased nearly 12% to INR 103.02 billion. The bank's Basel III capital adequacy ratio was 16.83% at the end of December.
The bank's total deposits as of Dec. 31 were INR 1.39 trillion, up 9.4% on year. Total advances of the bank rose 16% on year to INR 1.08 trillion.
The board of Punjab & Sind Bank will meet on Wednesday to consider and approve raising equity capital of up to INR 30 billion through the qualified institutional placement route, the state-owned lender told exchanges Tuesday. The bank's board had on Oct. 16 approved a plan to raise INR 30 billion through QIP this year.
On Friday, shares of the bank closed 2.3% higher at INR 28.99 on the National Stock Exchange. End
Edited by Ashish Shirke
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