Summary

Punjab & Sind Bank reported a 28.02% Year-on-Year rise in Nine-Month Net Profit from ₹703 Cr. to ₹7900 Cr. The Nine-Month Operating Profit also rose by 30.18% Year-on-Year from ₹1259 Cr. to ₹71639 Cr. The Bank saw growth in Total Business, Total Deposits, Retail Term Deposits, Total Advances, RAM Advances, Retail Advances, Agriculture Advances, and MSME Advances. Gross NPA decreased, Net NPA reduced, Provision Coverage Ratio increased, Total Income grew, Net Interest Income grew, Return on Assets improved, and Cost to Income ratio reduced. CRAR also improved.

Key Highlights

1. 1

   Nine-Month Net Profit rose 28.02% YoY

2. 2

   Nine-Month Operating Profit rose 30.18% YoY

3. 3

   Total Business registered a growth of 11.75%

4. 4

   Total Deposit showed a growth of 9.27%

5. 5

   Retail Term Deposits showed a growth of 18.34%

6. 6

   Total advances grew by 15.05%

7. 7

   RAM Advances registered a healthy growth of 21.94%

8. 8

   Retail advances registered a growth of 19.58%

9. 9

   Agriculture advances registered a growth rate of 24.29%

10. 10

    MSME advances registered a growth of 22.94%

11. 11

    Gross NPA decreased by 123 bps

12. 12

    Net NPA reduced by 51 bps

13. 13

    Provision Coverage Ratio increased by 270 bps

14. 14

    Total Income grew by 8.57%

15. 15

    Net Interest income grew by 5.01%

16. 16

    Return on Assets (%) improved by 6 bps

17. 17

    Cost to Income ratio reduced by 189 bps

18. 18

    CRAR (%) improved by 88 bps