New Delhi, 19 October (H.S.): Public sector lender Punjab & Sind Bank reported a strong performance in the second quarter of the current financial year 2026–27, with its net profit rising by nearly 40 per cent to Rs 412 crore during the July–September period. The bank’s net interest income (NII) increased by 22 per cent to Rs 1,161 crore, reflecting healthy growth in its core banking income.

The bank’s operating profit also rose by 22.3 per cent to Rs 617 crore, compared with Rs 505 crore in the corresponding quarter of the previous financial year, 2025–26.

The lender continued to improve its asset quality during the quarter. Gross non-performing assets (GNPA) declined to 2.09 per cent from 2.21 per cent in the preceding quarter, while net non-performing assets (NNPA) improved to 0.61 per cent from 0.65 per cent.

Punjab & Sind Bank’s provisions stood at Rs 52 crore during the quarter, down from Rs 94 crore in the first quarter of FY 2026–27 and approximately Rs 148 crore in the second quarter of FY 2025–26. The reduction in provisions also supported an improvement in the bank’s profitability.

The results reflect Punjab & Sind Bank’s continued focus on strengthening core income, improving asset quality and sustaining growth.

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Hindusthan Samachar / Jun Sarkar