Punjab & Sind Bank — Board Meeting, 15-01-2025: Outcome of Board Meeting

The Board of Directors of Punjab & Sind Bank has approved the reviewed unaudited financial results for the quarter and nine months ended December 31, 2024. Key highlights include total income of ₹8322.36 Cr, operating profit before provisions at ₹4839.8 Cr, and a net profit of ₹2819.6 Cr for the quarter. The capital adequacy ratio stands at 15.95%. Additionally, the Bank charged ₹12 Cr for the current quarter and ₹36 Cr for the nine months pertaining to the amortization of additional pension liabilities. The financial performance reflects the Bank’s robust operational capabilities, sustaining strong earnings amidst evolving market conditions.