Punjab & Sind Bank Reports 22.92% YoY Growth in Net Profit for Q2 FY2025-26

Punjab & Sind Bank has reported a Year-on-Year (YoY) growth of 22.92% in net profit, which increased from ₹240 Crore in Q2 FY2024-25 to ₹2295 Crore in Q2 FY2025-26. The bank also reported a 10.26% YoY growth in operating profit, which increased from ₹458 Crore to ₹7505 Crore. Total business registered a growth of 12.19% and stands at ₹241272 Crore. Total deposit showed a growth of 9.42%, and retail term deposits showed a growth of 17.60%. Total advances grew by 15.97%, whereas RAM advances registered a healthy growth of 20.23%. Retail advances registered a growth of 21.09%, agriculture advances registered a growth rate of 12.90%, and MSME advances registered a growth of 25.05%. Gross NPA decreased by 129 bps from 4.21% to 2.92%, and net NPA reduced by 63 bps from 1.46% to 0.83%. Provision Coverage Ratio increased by 332 bps from 88.56% to 91.88%. Total income grew by 8.91% and stands at ₹3374 Crore. Net interest income grew by 8.82% and stands at ₹950 Crore. Return on Assets (%) improved by 7 bps from 0.65% to 0.72%. Cost to Income ratio reduced by 95 bps from 62.82% to 61.87%. CRAR (%) improved by 30 bps from 16.89% to 17.19%.