Punjab & Sind Bank Q3 net profit drops 69 pc to Rs 114 crore
Thu, Feb 1, 2024 10:31 AM

Punjab & Sind Bank Q3 net profit drops 69 pc to Rs 114 crore

A Flip by Shubhangi Gupta
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Punjab & Sind Bank reported a 69% decline in net profit to Rs 114 crore for the third quarter of 2023. However, total income increased to Rs 2,853 crore and interest income rose to Rs 2,491 crore. Gross NPAs reduced to 5.70% and net NPAs decreased to 1.80%. Capital Adequacy Ratio improved to 16.13%, and total business crossed Rs 2 lakh crore.

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