Punjab & Sind Bank on Saturday reported a 40 per cent jump in net profit to ₹412 crore for the second quarter ended September 30, helped by improved core income and reduction in bad assets.
The public sector lender posted a net profit of ₹295 crore in the same period of the previous fiscal.
The bank's total income increased to ₹3,747 crore in the second quarter from ₹3,373 crore a year ago, Punjab & Sind Bank said in a regulatory filing.
Interest income rose to ₹3,394 crore in the September quarter of FY27 from ₹2,999 crore in the year-ago period.
During the quarter, net interest income rose 22 per cent to ₹1,162 crore against ₹950 crore in the second quarter of the last financial year.
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Net Interest Income of the bank improved to 2.65 per cent from 2.56 per cent at the end of September 2025.
Cost-to-income ratio reduced to 29.19 per cent compared to 61.87 per cent in the year-ago period.
The bank's operating profit also increased to ₹617 crore from ₹505 crore a year ago.
As regards asset quality, the bank's gross non-performing assets (NPAs) moderated to 2.09 per cent of gross advances at the end of September 2026 compared to 2.92 per cent a year ago.
Similarly, net NPAs or bad loans came down to 0.61 per cent at the end of September 2026 against 0.83 per cent a year ago.
The Provision Coverage Ratio (PCR) rose to 92.48 per cent as on September 30, 2026, registering a growth of 60 bps, from 91.88 per cent at the end of September 2025.
The Capital to Risk-Weighted Assets Ratio (CRAR) improved to 17.19 per cent from 16.55 per cent at the end of the second quarter of the previous financial year.
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