Punjab & Sind Bank Q3 profit surges 19% to ₹336 crore

Punjab & Sind Bank announced a 19% rise in net profit to ₹336 crore for the December quarter, attributing the growth to a reduction in bad loans. The state-owned lender had recorded a net profit of ₹282 crore in the same period last fiscal year.

Total income rose to ₹3,529 crore in the December quarter, up from ₹3,269 crore in the corresponding period of the previous year. Interest income also climbed to ₹3,042 crore against ₹2,931 crore in the year-ago quarter.

The bank’s asset quality showed improvement, with gross non-performing assets (NPAs) falling to 2.6% of gross loans as of December 2025 from 3.83% a year earlier. Net NPAs similarly slipped to 0.74% from 1.25% during the same comparative period.

Provisions for bad loans decreased to ₹47 crore during the quarter, down from ₹96 crore in the year-ago period. The Provision Coverage Ratio (including technically written-off accounts) stood at 92.23% as of December 31, 2025, compared to 89.53% a year earlier.

Capital adequacy strengthened to 16.83% at December-end 2025 against 15.95% as of December 31, 2024. For the nine-month period ending December 2025, the bank clocked a net profit of ₹900 crore versus ₹703 crore in the comparable year-ago timeframe.

Published on January 17, 2026