Punjab & Sind Bank

Punjab & Sind Bank reported a 23% increase in its net profit for the second quarter of FY2024–25, reaching Rs. 295 crore, driven by stronger interest income and improved asset quality. The public sector lender also announced board approval to raise Rs. 5,000 crore through a mix of equity and bond issuances by March 2027, aiming to strengthen its capital base and support future lending growth.

India’s public sector banks (PSBs) delivered an impressive performance in the first quarter of FY26, posting a record combined net profit of Rs. 44,218 crore—an 11 percent year-on-year increase. The State Bank of India spearheaded the sector’s gains, supported by treasury income and robust retail lending, while Indian Overseas Bank and Punjab & Sind Bank reported exceptional profit growth. However, Punjab National Bank’s sharp decline underscored uneven performance across institutions.

Punjab & Sind Bank has delivered impressive financial results for the January-March quarter of FY25, with net profit more than doubling to Rs 313 crore compared to Rs 139 crore in the same period last year. This growth was driven by a reduction in bad loans and an increase in core income. For the entire fiscal year, the bank posted a 71% jump in profit to Rs 1,016 crore. The bank also improved its asset quality, with Non-Performing Assets (NPAs) declining, further strengthening its financial position.