Punjab & Sind Bank lifts Q2 net profit 40% on higher interest income
Punjab & Sind Bank's July–September net profit rose 40% to ₹412 crore on stronger interest income and lower provisions, TradingView reports.
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what happened
Indian lender Punjab & Sind Bank reported net profit of ₹412 crore for the July–September quarter of fiscal 2026/27. That is 40% above the ₹295 crore earned in the same period last year, according to TradingView.
Net interest income reached ₹1,162 crore, up more than 22%. Net interest margin widened by 17 basis points to 2.77%. Provisions and contingencies fell sharply, which further supported profit.
Gross non-performing assets fell to 2.09% from 2.92% a year earlier and 2.21% in the previous quarter. Net NPAs declined to 0.61% from 0.83%.
why it matters
For markets, this is a result from one mid-sized bank, so the broader impact is limited. Still, the combination of wider margins and better loan quality suggests the bank's core operations strengthened over the period.
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sources
- Punjab & Sind Bank records 40% rise in net profit in Q2 — ru.tradingview.com, 17 October 2026 at 15:27 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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