Punjab & Sind Bank reported a significant increase in net profit for the second quarter of the fiscal year 27. Profit rose by 40% compared to the same period last year, reaching 412 crore rupees. This growth was driven by an increase in interest income and an improvement in asset quality.
According to the bank, which is a public sector lender, the net profit for the second quarter ending September 30 was 412 crore rupees. In the same period last fiscal year, the bank earned 295 crore rupees.
The bank's total income in the second quarter increased to 3,747 crore rupees compared to 3,373 crore rupees the previous year. Interest income for the September quarter of fiscal year 27 reached 3,394 crore rupees, whereas it was 2,999 crore rupees in the previous year.
Net interest income for the quarter grew by 22%, amounting to 1,162 crore rupees versus 950 crore rupees in the second quarter of the previous fiscal year. Furthermore, the cost-to-income ratio decreased to 29.19% compared to 61.87% the year before.
The bank's operating profit also increased, reaching 617 crore rupees compared to 505 crore rupees a year ago. Regarding asset quality, gross non-performing assets (NPA) decreased to 2.09% of total outstanding loans as of September 2026, compared to 2.92% the previous year.
Similarly, net NPAs or bad loans reduced to 0.61% as of September 2026, down from 0.83% the previous year. The Provision Coverage Ratio (PCR) rose to 92.48% as of September 30, 2026, showing an increase of 60 basis points compared to 91.88% at the end of September 2025.
The Capital to Risk-weighted Assets Ratio (CRAR) improved to 17.19% from 16.55% at the end of the second quarter of the previous fiscal year.