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Punjab & Sind Bank Q2 Results: Net profit jumps 40 percent to Rs 412 crore
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CNBC Awaaz•17-10-2026, 19:33
Punjab & Sind Bank Q2 Results: Net profit jumps 40 percent to Rs 412 crore
- •Punjab & Sind Bank reported a 40.1 percent increase in net profit, rising to Rs 412 crore from Rs 294 crore in the previous year.
- •The bank's Net Interest Income (NII) surged by 22.2 percent to Rs 1,160.9 crore compared to the same period last year.
- •Asset quality improved as Gross NPA declined to 2.09 percent and Net NPA dropped to 0.61 percent.
- •Total loans registered an annual growth of 19.28 percent, while total deposits witnessed a growth of 13 percent.
- •The Return on Assets (RoA) improved by 16 basis points to 0.88 percent from 0.72 percent last year.
Key Questions Answered
Punjab & Sind Bank reported a 40.1 percent increase in net profit, rising from Rs 294 crore last year to Rs 412 crore.
The bank's Gross NPA declined from 2.21 percent in the June quarter to 2.09 percent, while Net NPA decreased from 0.65 percent to 0.61 percent.
Net Interest Income jumped by 22.2 percent to reach Rs 1,160.9 crore, and the Net Interest Margin rose by 17 basis points to 2.77 percent.
