Punjab & Sind Bank — Updates, 15-01-2025: Press Release

The Bank's Net Profit achieved a robust growth of 147% year-on-year in Q3FY25, reaching ₹282 crore. Operating Profit surged by 74.73% to ₹484 crore, reflecting strong operational performance. The Net Interest Margin improved by 24 basis points to 2.78%, and the Yield on Advances increased by 23 basis points to 9.14%. Return on Assets enhanced by 42 basis points, indicating efficient asset utilization.

Total business grew by 10.58% YoY to ₹2,23,267 crore, with total advances rising by 14.73%. Retail advances saw significant growth of 35.12%, while RAM (Retail, Agriculture, and MSME) advances increased by 20.85%. The Bank launched several initiatives, including a digital platform for home and car loans and signed strategic MoUs with the Assam Rifles and Indian Navy. A positive outlook is anticipated as the Bank continues to strengthen its market position and leverage digital innovations.