Punjab & Sind Bank reports strong half-year profit, plans ₹11,000 crore capital raise

Punjab & Sind Bank reported a 33.97% year-on-year increase in net profit for the half-year ended September 30, 2025, reaching ₹564 crore, with operating profit growing 34.84% to ₹1,045 crore. For Q2 FY26, net profit rose 22.92% to ₹295 crore, and operating profit grew 10.26% to ₹505 crore. Total business expanded 12.19% to ₹241,272 crore, with deposits up 9.42% and advances rising 15.97%. Asset quality improved significantly, with Gross NPA decreasing by 129 basis points to 2.92% and Net NPA reducing by 63 basis points to 0.83%.

The board of directors approved raising up to ₹5,000 crore by March 2027, comprising ₹3,000 crore in equity shares via QIP/FPO/Right Issue and ₹2,000 crore through Basel III compliant Additional Tier I or Tier II bonds. Additionally, the bank plans to raise ₹3,000 crore through long term infrastructure bonds by March 2027.

The reviewed unaudited financial results, along with segment reporting and a limited review report by auditors, were enclosed with the announcement. The bank confirmed no deviation or variation in the utilization of funds raised during the quarter ended September 30, 2025, in compliance with SEBI regulations.