Punjab & Sind Bank Q3FY25 results: Net profit stood at Rs 282 crore, Gross NPAs declines 3.8%
In terms of asset quality, the bank's gross non-performing assets (NPAs) decreased to 3.83% of gross loans by the end of December 2024, down from 5.70% the previous year.

Punjab & Sind Bank Q3FY25 results: Net profit stood at Rs 282 crore, Gross NPAs declines 3.8%
Punjab & Sind Bank, a state-owned institution, reported a substantial increase in its net profit, which more than doubled to Rs 282 crore for the quarter ending December 2024. This is an increase from the Rs 114 crore net profit recorded in the same quarter last year.
The bank's total income rose to Rs 3,269 crore during this period, up from Rs 2,853 crore a year ago, as stated in a regulatory filing. Interest income also saw a boost, climbing to Rs 2,931 crore compared to Rs 2,491 crore in the previous year.
In terms of asset quality, the bank's gross non-performing assets (NPAs) decreased to 3.83% of gross loans by the end of December 2024, down from 5.70% the previous year.
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Similarly, net NPAs or bad loans came down to 1.25 percent from 1.80 percent at the end of the third quarter of the previous fiscal. The Provision Coverage Ratio (including Technically Written Off) as of December 31, 2024, works out to 89.53 percent against 88.16 percent at the end of December 31, 2023.
Capital Adequacy Ratio of the bank moderated to 15.95 percent compared to 16.13 percent at the end of December 2023. During the quarter, the bank raised Rs 3,000 crore by way of issuance of Long Term Infrastructure Bonds on a private placement basis.
The bank has funded exposure of Rs 123.84 crore in two borrower's accounts which are under litigation and respective adjudicating authorities have granted a stay on downgrading, it said, adding that the bank has made adequate provisions for the accounts.
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