New Delhi: Punjab & Sind Bank delivered robust financial results for the December quarter. The state-owned bank announced a significant jump in its net profit on Saturday.
Profit Growth and Income Rise
The bank's net profit climbed to ₹336 crore in the third quarter. This marks a solid 19 percent increase from the ₹282 crore it earned in the same period last year.
Total income for the quarter also showed healthy growth. It reached ₹3,529 crore, up from ₹3,269 crore in the corresponding quarter of the previous fiscal year.
Interest income followed this positive trend. It rose to ₹3,042 crore compared to ₹2,931 crore a year ago.
Sharp Improvement in Asset Quality
The bank achieved a notable reduction in bad loans during the quarter. Gross non-performing assets (NPAs) dropped to 2.6 percent of gross loans by December 2025. This is a substantial improvement from 3.83 percent a year earlier.
Net NPAs also declined significantly. They fell to 0.74 percent from 1.25 percent at the end of the third quarter of the last fiscal year.
As a direct result, provisions for bad loans decreased. They stood at ₹47 crore, down from ₹96 crore in the same quarter of the previous year.
Strengthened Financial Ratios
The Provision Coverage Ratio improved to 92.23 percent as of December 31, 2025. This compares favorably with 89.53 percent at the end of December 2024.
Capital adequacy also strengthened. The ratio increased to 16.83 percent from 15.95 percent a year ago.
Nine-Month Performance
For the first three quarters of the fiscal year, the bank reported a net profit of ₹900 crore. This represents strong growth from ₹703 crore in the nine-month period of the previous year.
Punjab & Sind Bank, headquartered in Delhi, shared these details in a regulatory filing. The numbers highlight a period of improved profitability and enhanced asset quality for the public sector lender.
