Punjab & Sind Bank's Net Profit Surges 47.80% in Q1 FY2025-26

Punjab & Sind Bank has reported a significant increase in its net profit for the quarter ended 30th June 2025. The net profit grew by 47.80% from ₹182 Cr. to ₹269 Cr. The operating profit also saw a substantial rise of 70.35% from ₹317 Cr. to ₹540 Cr. The bank's total business grew by 10.94% to ₹231,132 Cr. Total deposit showed a growth of 8.78%, with retail term deposits growing by 11.43%. Total advances grew by 13.92%, with retail advances, MSME advances, vehicle loan, gold loan, and home loan registering growth rates of 29.00%, 14.53%, 40.60%, 39.56%, and 23.95% respectively. The bank's gross NPA decreased by 138 bps from 4.72% to 3.34%, and net NPA reduced by 68 bps from 1.59% to 0.91%. The provision coverage ratio increased by 369 bps from 88.08% to 91.77%. Total income grew by 18.73% to ₹3,379 cr. Non-interest income grew by 141.75% to ₹469 cr. Net interest income grew by 5.88% to ₹900 cr. The return on assets improved by 17 bps from 0.50% to 0.67%. The CRAR improved by 60 bps from 17.30% to 17.90%. The cost to income ratio reduced by 912 bps from 69.67% to 60.55%.