Punjab & Sind Bank reported a 19.3% rise in net profit to Rs 336.4 crore in the fiscal third-quarter amid decline in bad loans.

The state-owned bank’s total income grew to Rs 3,529 crore in the quarter ended December as against Rs 3,269 crore in the same period last year.

Interest income increased to Rs 3,042 crore compared to Rs 2,931 crore in the year-ago period.

Asset quality

The Delhi-headquartered bank's asset quality improved, with gross non-performing assets (NPAs) declining to 2.60% in the December quarter, from 3.83% a year earlier and 2.92% in the previous quarter.

Net NPA eased to 0.74% at the end of December 2025, from 1.25% a year ago and 0.83% sequentially.

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

 The provision coverage ratio (including technically written off) was at 92.33% as on 31 December 2025, as against 89.53% a year ago.

Total business

The lender’s total business stood at Rs 2,49,691 crore as on 31 December 2025, up 11.84% year-on-year and 3.49% sequentially.

Deposit growth

Total deposits stood at Rs 1,39,203 crore, up 9.27% year-on-year and 2.58% sequentially.

Low-cost CASA (current account savings account) deposits rose 4.99% sequentially to Rs 43,182 crore. 

CASA ratio was at 31.02% at the end of December 2025.

Loan growth

Gross advances rose 15.25% YoY to Rs 1,10,488 crore as on 31 December. Sequentially, it rose 4.66%. 

The credit-deposit ratio stood at 79.37% from 77.79% in the trailing quarter.

Capital adequacy

The bank’s capital adequacy ratio rose to 16.83% from 15.95% a year ago.