Punjab & Sind Bank Q4 profit jumps 35 pc to Rs 422 cr as NPA moderates

State-owned Punjab & Sind Bank on Monday reported 35 per cent jump in net profit at Rs 422 crore for January-March FY26, aided by decline in bad loans. The city-based lender had earned a net profit of Rs 313 crore in the year-ago period. Total income moderated to Rs 3,457 crore from Rs 3,836 crore a year ago, Punjab & Sind Bank said in a regulatory filing. Interest income too declined to Rs 3,030 crore from Rs 3,159 crore. On the asset quality front, the bank's gross Non-Performing Assets (NPAs) eased to 2.4 per cent of gross advances, as compared to 3.38 per cent by the end of March 2025. Similarly, net NPAs came down to 0.79 per cent from 0.96 per cent earlier. The bank's capital adequacy ratio improved marginally to 17.42 per cent, from 17.41 per cent at the end of FY25. For the entire financial year 2025-26, the bank reported a 30 per cent increase in profit at Rs 1,322 crore, as against Rs 1,016 crore in the previous year. Total income rose to Rs 13,759 crore from Rs 13,049 crore. The bank's board has recommended a dividend of 39 paise per equity share of face value of Rs 10 each for 2025-26 subject to shareholders' approval. Return on Assets at the end of March 2026 improved by 12 basis points to 0.79 per cent from 0.67 per cent at the end of FY25. During FY26, total business (deposit and advances) recorded a growth of 15 per cent to Rs 2,63,652 crore, as compared to Rs 2,29,379 crore at the end of the previous financial year.

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