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Punjab and Sind Bank Q2 Net Profit Surges 40 Percent to Rs 412 Crore
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News18•17-10-2026, 20:30
Punjab and Sind Bank Q2 Net Profit Surges 40 Percent to Rs 412 Crore
- •Punjab and Sind Bank reported a 40 percent jump in net profit to Rs 412 crore for the second quarter ended September 30, driven by improved core income and a reduction in bad assets.
- •The bank's total income increased to Rs 3,747 crore in the second quarter compared to Rs 3,373 crore recorded in the same period a year ago.
- •Asset quality showed significant improvement as gross non-performing assets moderated to 2.09 per cent of gross advances from 2.92 per cent a year ago.
- •Net interest income rose 22 per cent to Rs 1,162 crore, while the cost-to-income ratio sharply dropped to 29.19 per cent from 61.87 per cent in the previous year.
Key Questions Answered
Punjab & Sind Bank reported a 40 percent surge in net profit to Rs 412 crore for the second quarter ended September 30, compared to Rs 295 crore in the corresponding period of the previous fiscal.
The bank's gross non-performing assets (NPAs) moderated to 2.09 percent of gross advances at the end of September 2026, down from 2.92 percent a year ago, while net NPAs declined to 0.61 percent.
The bank's total income increased to Rs 3,747 crore in the second quarter from Rs 3,373 crore a year ago. Additionally, net interest income rose by 22 percent to Rs 1,162 crore compared to Rs 950 crore in the year-ago period.
