Punjab & Sind Bank Sees Profits Soar, Bad Loans Decline

Punjab & Sind Bank Reports Strong Q4 Results

State-owned Punjab & Sind Bank is celebrating a fantastic end to the fiscal year! Their net profit jumped over twofold to ₹313 crore in the last quarter (January-March), thanks to a decrease in bad loans and an increase in core income.

This is a big improvement over the ₹139 crore profit they earned in the same quarter last year.

Growth Across the Board

The bank’s total income also grew substantially, reaching ₹3,836 crore in the quarter, up from ₹2,894 crore a year ago. Interest income climbed to ₹3,159 crore, compared to ₹2,481 crore during the same period in 2024.

Asset Quality Improves

One of the biggest highlights is the significant improvement in asset quality. Their gross Non-Performing Assets (NPAs) – loans that are not being repaid – fell to 3.38 percent of their total loans, down from 5.43 percent a year ago. This shows the bank is doing a better job of managing its loans and recovering from bad debts.

Strong Financial Position

The bank’s strong financial performance is reflected in other key metrics. Their provision coverage ratio, which measures their ability to cover potential losses from bad loans, rose to 91.38 percent. Their capital adequacy ratio, a measure of their financial strength, also climbed to 17.41 percent.

Full Year Success

Looking at the entire financial year 2024-25, the bank’s profit surged by 71 percent to ₹1,016 crore, compared to ₹595 crore in the previous year. Total income for the year reached ₹13,049 crore, up from ₹10,915 crore.

Dividend for Shareholders

The bank’s board has also recommended a dividend of 0.07 paise per equity share for shareholders, subject to their approval.