Punjab & Sind Bank (PSB) has reported robust financial results for the first quarter, showcasing significant growth in both operating and net profits. The bank's performance reflects its strategic focus on retail credit expansion and improved asset quality.

Key Financial Highlights

• Operating profit surged by 70.35% to Rs. 540.00 crore
• Net profit increased by 47.80% to Rs. 269.00 crore
• Total business grew by 10.94% to Rs. 2,31,132.00 crore
• Deposits rose by 8.78% to Rs. 1,31,182.00 crore
• Advances expanded by 13.92% to Rs. 1,00,000.00 crore

Asset Quality Improvement

PSB demonstrated notable improvement in its asset quality metrics:

• Gross Non-Performing Assets (NPA) ratio decreased to 3.34%
• Net NPA ratio reduced to 0.91%
• Slippage ratio remained low at 0.21%
• Provision coverage ratio improved to 91.77%

Strong Capital Position and Business Growth

The bank maintained a robust capital adequacy ratio of 17.90%, ensuring a strong foundation for future growth. RAM (Retail, Agriculture, and MSME) advances grew by 17.18%, with retail credit showing an impressive expansion of 29.00%.

Treasury Performance and Fee Income

PSB's treasury operations contributed significantly to its profitability, with a profit of Rs. 208.00 crore for the quarter. The bank also reported an 18.03% growth in core fee income, indicating progress in its efforts to diversify revenue streams.

Digital Initiatives and Network Expansion

To enhance its market presence and customer service, PSB has undertaken several initiatives:

• Launched digital lending products for housing, vehicles, MSME, and agriculture segments
• Expanded its network with 4 new zonal offices in Agra, Moga, Patna, and Varanasi
• Plans to open over 200 new branches in the current financial year
• Aims to increase its Business Correspondent (BC) network from 2,282 to 4,000 by year-end

Management Commentary

Swarup Kumar Saha, Managing Director and CEO of Punjab & Sind Bank, commented on the results: "Our focus on RAM advances and digital initiatives has yielded positive results. We are confident in maintaining our growth trajectory and achieving our guidance targets, including 15-16% credit growth and 8-10% deposit growth."

Outlook

Despite challenges in the banking sector, PSB remains optimistic about its future performance. The bank's strategic initiatives in digital banking, network expansion, and focus on high-yielding assets are expected to drive sustainable growth in the coming quarters.

Punjab & Sind Bank's strong Q1 results demonstrate its resilience and adaptability in a dynamic financial landscape. With its continued focus on asset quality, digital transformation, and strategic growth initiatives, the bank appears well-positioned to capitalize on emerging opportunities in the Indian banking sector.

Punjab & Sind Bank , a prominent public sector bank, has released its reviewed unaudited financial results for the first quarter of the fiscal year 2025-26, ending June 30, 2025. The bank made this announcement through publications in several leading newspapers on July 20, 2025.

Board Approval and Publication

The quarterly results were approved by the Bank's Board of Directors during their meeting held on July 19, 2025. Following the approval, the results were published in various national newspapers, including Financial Express (English edition), Business Line (English edition), and Jansatta (Hindi edition) on July 20, 2025.

Communication to Stock Exchanges

In compliance with regulatory requirements, Punjab & Sind Bank formally communicated the publication of these results to the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). This communication was made through an official letter from the bank's Company Secretary, Saket Mehrotra, on July 21, 2025.

Details of the Communication

The letter, addressed to both BSE and NSE, provided the following information:

• The results were for the Quarter (Q1) ended June 30, 2025
• The results were reviewed and unaudited
• The Board of Directors approved the results on July 19, 2025
• The results were published in specified newspapers on July 20, 2025
• Copies of the newspaper publications were enclosed with the letter

Transparency and Compliance

This prompt disclosure of financial results and communication to stock exchanges demonstrates Punjab & Sind Bank's commitment to transparency and regulatory compliance. It allows investors and stakeholders to access the bank's latest financial performance data, enabling informed decision-making.

The bank's proactive approach in disseminating this information through multiple channels – board approval, newspaper publications, and stock exchange communications – ensures wide reach and accessibility of the financial results to all interested parties.

As the financial year 2025-26 progresses, market observers and investors will likely keep a close watch on Punjab & Sind Bank's performance in subsequent quarters, using these Q1 results as a benchmark for comparison and analysis.