Punjab & Sind Bank reports strong Q2 FY26 performance

Punjab & Sind Bank reported a 12.19% year-on-year (Y-o-Y) growth in total business to ₹2,41,272 crore, with deposits increasing by 9.42% to ₹1,35,706 crore for Q2 FY26. Total advances grew by 15.97% Y-o-Y to ₹1,05,566 crore, driven by a 20.23% rise in RAM (Retail, Agri, MSME) advances. Asset quality improved, with Gross NPA at 2.92% and Net NPA at 0.83%.

For the half-year, operating profit surged from ₹775 crore to ₹1,045 crore Y-o-Y, and net profit increased from ₹421 crore to ₹564 crore Y-o-Y. The bank’s capital adequacy remains healthy at 17.19%, and the board approved a capital raising plan of ₹3,000 crore in equity and ₹2,000 crore in bonds, totaling ₹5,000 crore.

Strategic initiatives include opening 200 new branches, digital lending for car and housing loans, and expansion of MSME digital lending to ₹1 crore. The bank is also focusing on enhancing customer experience through an upgraded call center and plans for new zonal offices.