Punjab & Sind Bank Q3 Results | Profit rises 19% YoY, asset quality improves

Punjab & Sind Bank reported a strong operational performance in Q3 FY26, with net profit rising 19.3% year-on-year to ₹336.4 crore from ₹282 crore. Net interest income (NII) also grew 5% to ₹986.2 crore, supported by improved business momentum.

Asset quality showed further improvement, with gross non-performing assets (NPA) falling to 2.60% from 2.92% in the previous quarter. Net NPA also eased to 0.74% from 0.83% sequentially. On a value basis, gross NPAs declined to ₹2,870.8 crore from ₹3,082 crore in Q2,

while net NPAs fell to ₹795.9 crore from ₹854.1 crore.

Provisions increased to ₹137.8 crore in the quarter, compared with ₹147.7 crore in the previous quarter and ₹109.3 crore a year ago.

The bank’s total business expanded to ₹2,49,691 crore as of 31 December 2025, up 3.49% sequentially and 11.84% year-on-year.

Total deposits stood at ₹1,39,203 crore, rising 2.58% QoQ and 9.27% YoY, while CASA deposits increased 4.99% sequentially to ₹43,182 crore. The CASA ratio was 31.02% at the end of December.

On the lending side, gross advances rose 4.66% quarter-on-quarter to ₹1,10,488 crore, up 15.25% year-on-year. The credit-deposit ratio improved to 79.37% from 77.79% in the previous quarter, reflecting healthier credit growth.

Ahead of the results, Punjab & Sind Bank shares closed at ₹28.91 on Friday, up 2.05% on the NSE.