Punjab & Sind Bank Shines in Q1 FY27: Net Profit Jumps 23% to ₹331 Cr, Pas Dip Significantly
Punjab & Sind Bank has started FY27 on a strong note, reporting healthy growth in profitability, business expansion, and asset quality for the quarter ended June 30, 2026. The public sector bank delivered improved earnings while strengthening its balance sheet through lower non-performing assets and higher provision coverage.
The bank reported a net profit of ₹331 crore, representing a 23.05% year-on-year (YoY) increase from ₹269 crore in the corresponding quarter of the previous financial year.
Net Profit and Net Interest Income Register Healthy Growth
Punjab & Sind Bank’s earnings were supported by robust growth in its core banking business.
Net Interest Income (NII) increased 15.33% YoY to ₹1,038 crore, compared with ₹900 crore in Q1 FY26. The higher NII reflects growth in the loan portfolio and improved interest income generation.
Q1 FY27 Financial Highlights
- Net Profit: ₹331 crore (up 23.05% YoY)
- Net Interest Income (NII): ₹1,038 crore (up 15.33% YoY)
- Gross NPA: 2.21%
- Net NPA: 0.65%
- Provision Coverage Ratio (PCR): 92.33%
- Capital Adequacy Ratio (CAR): 17.61%
- Return on Assets (ROA): 0.73%
- Return on Equity (ROE): 10.85%
Asset Quality Improves Further
The bank continued to strengthen its asset quality during the quarter.
The Gross Non-Performing Asset (GNPA) ratio declined by 113 basis points to 2.21%, while the Net NPA ratio improved by 26 basis points to 0.65%.
The Provision Coverage Ratio (PCR) increased to 92.33%, reflecting stronger provisioning against stressed assets and improved balance sheet resilience.
Business Growth Remains Strong
Punjab & Sind Bank reported healthy expansion across deposits and advances.
- Total Business: ₹2,66,420 crore (up 15.27%)
- Total Deposits: ₹1,47,130 crore (up 12.16%)
- Total Advances: ₹1,19,290 crore (up 19.35%)
The bank’s lending growth was primarily driven by the Retail, Agriculture, and MSME (RAM) segment.
RAM advances recorded an impressive 32.66% growth, with their contribution to the overall loan portfolio increasing to 60.02%.
Retail lending remained particularly strong, registering 36.44% year-on-year growth, reflecting healthy consumer demand.
Profitability Ratios Continue to Improve
The bank also reported improvements in key profitability indicators.
- Return on Assets (ROA) improved to 0.73%.
- Return on Equity (ROE) increased to 10.85%.
- Cost-to-Income Ratio declined to 60.21%, indicating better operational efficiency.
Meanwhile, the Capital Adequacy Ratio (CAR) stood at 17.61%, providing a comfortable capital cushion to support future business growth.