(THE NEWSMAN OF INDIA.COM) New Delhi, April 30:
State-owned Punjab & Sind Bank has reported an impressive over two-fold jump in net profit at ₹313 crore for the fourth quarter of FY25, driven by robust core income growth and improved asset quality. This marks a significant leap from the ₹139 crore profit posted during the corresponding quarter of the previous year.

The city-headquartered bank recorded a 32.5% rise in total income during the January-March quarter, reaching ₹3,836 crore as against ₹2,894 crore in the same period last year. A key driver was interest income, which surged to ₹3,159 crore from ₹2,481 crore year-on-year. The bank’s Net Interest Income (NII) witnessed a sharp rise to ₹1,122 crore, compared to ₹689 crore a year earlier.

Crucially, the bank showcased a strong improvement in asset quality. Gross Non-Performing Assets (NPAs) reduced significantly to 3.38% of gross advances, a remarkable improvement from 5.43% a year ago. Similarly, Net NPAs declined to 0.96%, down from 1.63%. The provision coverage ratio also improved to 91.38% as of March 31, 2025, up from 88.69% last year, indicating stronger risk buffers.

Punjab & Sind Bank’s capital adequacy ratio improved to 17.41%, slightly up from 17.16% at the end of FY24, reinforcing the bank’s financial stability and lending capacity.

For the full financial year 2024–25, the lender reported a 71% rise in net profit to ₹1,016 crore, compared to ₹595 crore in the preceding year. The bank’s total income for the year grew to ₹13,049 crore from ₹10,915 crore. Annual NII stood at ₹3,784 crore, a notable increase from ₹2,841 crore. The Net Interest Margin (NIM) improved to 2.85% for FY25 from 2.45% in FY24.

Reflecting the bank’s improved financials, the board has proposed a dividend of ₹0.07 per equity share (face value ₹10) for FY25, subject to shareholder approval.

Total business—which includes both deposits and advances—expanded by 11.69% to ₹2,29,379 crore as of March 2025, compared to ₹2,05,374 crore in the previous fiscal.

With consistent earnings growth, a healthier balance sheet, and enhanced operational efficiency, Punjab & Sind Bank has emerged as a stronger public sector player in FY25, showcasing resilience and renewed investor confidence.