Punjab & Sind Bank’s fiscal first-quarter net profit surged 48% to Rs 269 crore amid improvement in core income and decline in bad debts. The state-owned lender had earned a net profit of Rs 182 crore in the same quarter a year ago.

Total income rose 18.7% year-on-year to Rs 3,379 crore during the June 2025 quarter.

Net interest income (NII) grew 5.88% to Rs 900 crore in Q1 FY26 compared with Rs 850 crore in the year-ago period.

The state-owned bank's asset quality improved, with gross non-performing assets (NPAs) declining to 3.34% of gross advances at the end of the June quarter from 4.72% a year ago.

Net NPA ratio reduced to 0.91% in Q1 FY26 versus 1.59% in Q1 FY25.

Provision coverage ratio improved to 92% from 88% in the same quarter a year ago.

The bank’s total business grew 11% to Rs 2.31 lakh crore from Rs 2.08 lakh crore at the end of June 2024.

The loan book grew 14% to Rs 99,950 crore from Rs 87,738 crore at the end of June 2024.

Total deposits rose 8.78% to Rs 1.31 lakh crore versus Rs 1.21 lakh crore in the earlier-year quarter.

CASA (current account savings account) stood at Rs 40,133 crore, up 5.24% from Rs 38,134 crore. 

The CASA ratio fell to 30.59% as of 30 June 2025, from 31.62% a year ago.

The bank’s credit-to-deposit ratio improved 343 bps to 76.19% in Q1 FY26 as against 72.76% a year ago.

Return on assets (ROA) improved to 0.67% for June 2025, from 0.5% in June 2024, registering an improvement of 17 basis points.

Capital adequacy ratio rose to 17.9% from 17.3% in the same quarter of FY25.