PUNJAB & SIND BANKprofit up 40% to ₹412 Cr, loans up 19%

Punjab & Sind Bank's Q2 FY27 call, held on 19 October 2026, reported net profit of ₹412 crore, up nearly 40%, and operating profit of ₹617 crore, up 22%, with net interest income up 22% and core fee income up 23.6%.

Advances grew 19.28% to ₹1,25,919 crore and deposits 12.97% to ₹1,53,312 crore, taking business to ₹2,79,231 crore. Retail, agri and MSME advances rose over 31% and are now 61.37% of loans, on the way to 65% this year and 70% by March 2028. Gross NPA fell to 2.09%, net NPA to 0.61%, net interest margin rose 17 basis points to 2.77%, ROA was 0.88% and ROE 13.21%, while CASA share slipped to 28.83%. Management said it is on track on every guide, including gross NPA below 2% by March and ₹1,000 crore of recoveries, with ₹622 crore done.

The bank puts the ECL transition at about ₹700 crore, or 5% of net worth, spread over a glide path, and is exploring a QIP. It declined to comment on consolidation talk, and said co-lending has slowed while systems are integrated.