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18/07/2026 21:10

Punj. & Sind Ban Q1 net profit up 23.16% at Rs 331.51 cr

The bank reported standalone net profit of Rs 331.51 crore for the quarter ended June 30, 2026 as compared to Rs 269.16 crore in the same period last year, registering a year-on-yearÿgrowthÿof 23.16 per cent.

Interest income of the bank rose by 10.40 per cent at Rs 3213.37 crore for the quarter ended June 30, 2026 as against Rs 2910.66 crore in the corresponding period last year.

During the April-June quarter, total income rose marginally by 4.92 per cent to Rs 3,545.72 crore from Rs 3,379.39 crore in the year ago period.

Meanwhile, operating expenses increased by 5.67 per cent to Rs 3,000.24 crore from Rs 2,839.29 crore in the same period last year.

Operating profit surged 1.00 per cent to Rs 545.48 crore from Rs. 540.10 crore.

Provisions and Contingencies slipped by 56.70 per cent at Rs 93.99 crore from Rs 217.08 crore a year ago.

NII, the difference between interest earned on loans and interest paid on deposits, increased by 15.36 per cent at Rs 1,038.70 crore versus Rs 900.41 crore in the year ago period. Non-interest income dipped 29.10 per cent year-on-year to Rs 332.35 crore.

On the asset side, gross non- performing assets (NPAs)ÿfellÿto 2.21 per cent of the gross advances as at the end of June 30, 2026 from a level of 3.34 per cent year earlier. Its net NPAs or bad loans tooÿdeclinedÿto 0.65 per cent of net advances on June 30, 2026 from 0.91 per cent a year ago.