Punjab & Sind Bank recorded a strong operational performance in the third quarter of FY26, with net profit up 19.3% year-on-year to ₹336.4 crore from ₹282 crore. Net interest income (NII) also grew 5% to ₹986.2 crore, supported by better business momentum.
Asset quality further improved with gross non-performing assets (NPAs) falling to 2.60% from 2.92% in the previous quarter. Net NPA also declined to 0.74% from 0.83% sequentially. On a value basis, gross NPAs fell to ₹2,870.8 crore from ₹3,082 crore in the second quarter, while net NPAs fell to ₹795.9 crore from ₹854.1 crore.
Provisions increased to ₹137.8 crore during the quarter from ₹147.7 crore in the previous quarter and ₹109.3 crore a year ago.
The bank’s total business expanded to ₹2,49,691 crore as on December 31, 2025, up 3.49% sequentially and 11.84% year-on-year.
Total deposits stood at ₹1,39,203 crore, up 2.58% QoQ and 9.27% YoY, while CASA deposits increased 4.99% sequentially to ₹43,182 crore. The CASA ratio stood at 31.02% at the end of December.
On the loan side, gross advances increased by 4.66% quarter-on-quarter to ₹1,10,488 crore, up 15.25% year-on-year. The credit-to-deposit ratio improved to 79.37% from 77.79% in the previous quarter, reflecting healthier credit growth.
Ahead of the results, shares of Punjab & Sind Bank closed at ₹28.91 on Friday, up 2.05 per cent on the NSE.
