Punjab & Sind Bank Q2 profit rises 22.9%, asset quality improves

Punjab & Sind Bank reported a 22.9% year-on-year (YoY) increase in net profit to ₹295 crore for the quarter ended September 2025, compared with ₹240 crore in the same period last year.

The bank’s net interest income (NII) grew 8.8% YoY to ₹950 crore from ₹873.8 crore, supported by improved loan growth and stable margins.

Asset quality showed further improvement — the gross non-performing assets (GNPA) ratio declined to 2.92% from 3.34% in the previous quarter, while the net NPA ratio eased to 0.83% from 0.91% sequentially.

The lender’s provision coverage ratio (including write-offs) stood at 91.88%, up from 88.56% a year ago, reflecting strengthened balance sheet resilience.

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The board also approved plans to raise up to ₹5,000 crore in capital by March 2027, including ₹3,000 crore through equity issuance and ₹2,000 crore via Basel III-compliant bonds, along with ₹3,000 crore in infrastructure bonds.

Shares of Punjab & Sind Bank closed at ₹30.24, up marginally by 0.30% today on NSE.