New Delhi, Jan 17 — Punjab & Sind Bank reported a robust financial performance for the quarter and nine months ended December 31, 2025, marked by sharp growth in profits, sustained business expansion, and significant improvement in asset quality.
Nine-Month Performance Shows Sharp Profit Growth
For the nine months ended December 31, 2025, the Bank’s net profit rose 28.02% year-on-year (YoY) to ₹900 crore, compared with ₹703 crore in the corresponding period last year.
Operating profit increased 30.18% YoY to ₹1,639 crore, up from ₹1,259 crore, reflecting stronger core income and better cost control.
Q3 FY26: Business and Credit Growth Remain Strong
On a YoY basis (Q3 FY25 to Q3 FY26), total business grew by 11.75% to ₹2,49,499 crore.
Total deposits rose 9.27%, supported by a strong 18.34% growth in retail term deposits, underlining improved customer traction and retail franchise strength.
Total advances increased 15.05% YoY, with the Retail, Agriculture and MSME (RAM) portfolio registering a healthy 21.94% growth.
Within RAM:
- Retail advances grew 19.58%
- Agriculture advances rose 24.29%
- MSME advances increased 22.94%
Income Growth and Efficiency Gains
Total income for Q3 FY26 increased 8.57% YoY to ₹3,549 crore, while net interest income (NII) rose 5.01% YoY to ₹986 crore.
For the nine-month period:
- NII increased 6.57% YoY to ₹2,837 crore
- Non-interest income surged 51.52% YoY to ₹1,350 crore
- Core fee income rose 19.33% YoY to ₹531 crore
The cost-to-income ratio improved significantly by 373 basis points, declining from 64.57% to 60.84%, reflecting enhanced operational efficiency.
Asset Quality Continues to Improve
The Bank recorded notable improvement in asset quality during Q3 FY26.
Gross NPA declined by 123 basis points from 3.83% to 2.60%, while Net NPA reduced by 51 basis points from 1.25% to 0.74%.
In absolute terms, Gross NPAs fell by 21.90% to ₹2,871 crore, and Net NPAs declined by 31.91% to ₹796 crore.
The Provision Coverage Ratio (PCR) improved by 270 basis points to 92.23%, further strengthening the balance sheet.
Profitability Metrics Strengthen
The Bank’s Return on Assets (RoA) for the nine-month period improved from 0.63% to 0.73%, indicating better profitability and balance sheet utilisation.
Outlook
With accelerating profit growth, expanding RAM advances, rising retail deposits, and sustained improvement in asset quality and efficiency metrics, Punjab & Sind Bank appears well-positioned to build on its recovery momentum and deliver stable performance in the coming quarters.