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Informist, Thursday, Oct. 16, 2025

 

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--Punjab & Sind Bank Jul-Sept net profit INR 2.95 bln vs INR 2.40 bln yr ago 
--Punjab & Sind Bank Jul-Sept total income INR 33.73 bln vs INR 30.98 bln 
--Punjab & Sind Bank Jul-Sept provisions INR 1.48 bln vs INR 1.51 bln yr ago 
--Punjab & Sind Bank Apr-Sept net profit INR 5.64 bln vs INR 4.21 bln yr ago 
--Punjab & Sind Bank Apr-Sept total income INR 67.53 bln vs INR 59.44 bln 
--Punjab & Sind Bank gross NPAs ratio 2.92% as on Sept 30 vs 3.34% qtr ago 
--Punjab & Sind Bank net NPAs ratio 0.83% as on Sept 30 vs 0.91% qtr ago 
--Punjab & Sind Bank Basel III capital adequacy ratio 17.19% as on Sept 30 
--Punjab & Sind Bank board OKs raising INR 30 bln via long-term infra bonds 
--Punjab & Sind Bank board OKs raising INR 30 bln via QIP, FPO, rights issue 
--Punjab & Sind Bank board OKs raising INR 20 bln via tier-I, tier-II bonds 
 

 

By Akshat Saksena

 

MUMBAI – Punjab & Sind Bank's net profit for the September quarter rose sharply on year, largely due to a double-digit growth in the bank's interest income. During the quarter, the bank reversed some of the provisions made for bad loans, which also helped its bottom line. 

 

The bank's net profit rose nearly 23% on year to INR 2.95 billion in the September quarter. Its total income rose nearly 9% on year to INR 33.73 billion in the reporting quarter. The bank's income from interest on loans grew 13% on year to INR 21.49 billion. The bank's income from investments grew 4.6% on year to INR 8.35 billion.  

 

For the September quarter, the bank reported a 4.3% year-on-year rise in its other income to INR 3.74 billion. The bank reversed provisions for its non-performing assets worth INR 320.50 million for the reporting quarter, which supported the bottom line. The bank's gross non-performing asset ratio fell to 2.92% from 3.34% a quarter ago, and its net non-performing asset ratio declined to 0.83% from 0.91%. 

 

The bank's total expense for the September quarter rose 8.7% on year to INR 28.68 billion. The interest costs rose nearly 10% on year to INR 20.49 billion. Its operating expenses were up nearly 6% on year at INR 8.19 billion, with other operating expenses rising nearly 18% on year to INR 3.23 billion. 

 

The bank's net profit for the half year ended September rose nearly 34% to INR 5.64 billion. The bank's total income for the half-year increased nearly 14% to INR 67.53 billion.  

 

The net interest income of the bank rose 8.8% on year to INR 9.50 billion in the reporting quarter. The bank's Basel III capital adequacy ratio was at 17.19% at the end of September, down from 17.90% at June end.

 

The bank's total deposits as of Sept. 30 were at INR 1.36 trillion, up 9.4% on year. Total advances of the bank rose 16% on year to INR 1.06 trillion. Retail advances of the bank grew 21% on year, while agricultural and micro, small, and medium enterprises advances rose 12.9% and 25.1%, respectively.  

 

The bank's board of directors approved raising INR 30 billion through qualified institutional placement, follow-on public offer or rights issue. The board also approved raising INR 30 billion through long-term infrastructure bonds and INR 20 billion through tier I and tier II Basel III compliant bonds.

 

Thursday, shares of Punjab & Sind Bank closed 0.3% higher at INR 30.24 on the National Stock Exchange.  
The bank announced its results after market hours. End

 

Edited by Saji George Titus

 

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