GENERAL19 Oct 2026
Punjab & Sind Bank profit up 40 per cent to ₹412 crore
Punjab & Sind Bank made ₹412 crore net profit in the quarter ended 30 September 2026. That is 40 per cent more than the ₹295 crore it earned a year earlier. Total income rose to ₹3,747 crore. The public sector lender credited higher core income and fewer bad loans. Its customers and shareholders are the people these numbers touch.
Key Statutory Highlights
- Net interest income rose 22 per cent to ₹1,162 crore, from ₹950 crore in the same quarter last year.
- Gross bad loans fell to 2.09 per cent of advances from 2.92 per cent a year earlier, and net bad loans dropped to 0.61 per cent from 0.83 per cent.
- Operating profit climbed to ₹617 crore from ₹505 crore, and the cost-to-income ratio fell to 29.19 per cent from 61.87 per cent.
Actionable Advice for Taxpayers / Founders:Watch the December quarter numbers to see whether gross bad loans stay near 2.09 per cent and the cost-to-income ratio stays near 29.19 per cent.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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