Punjab & Sind Bank reported a 40% increase in net profit, reaching ₹412 crore for the second quarter ended September 30, 2026. This growth was attributed to improved core income and a reduction in bad assets.

Financial Highlights

  • The bank's total income rose to ₹3,747 crore in the second quarter, up from ₹3,373 crore a year ago.
  • Interest income increased to ₹3,394 crore in the September quarter of FY27, compared to ₹2,999 crore in the same period last year.
  • Net interest income grew by 22% to ₹1,162 crore, up from ₹950 crore in the second quarter of the previous fiscal year.
  • The net interest margin improved to 2.65%, up from 2.56% at the end of September 2025.
  • The cost-to-income ratio decreased significantly to 29.19%, compared to 61.87% in the year-ago period.
  • Operating profit also saw an increase, rising to ₹617 crore from ₹505 crore a year earlier.