Punjab & Sind Bank — Updates, 19-10-2024: Press Release

Punjab & Sind Bank reported strong financial results for the quarter ended September 30, 2024. Key highlights include a 76.15% YoY increase in operating profit and a 26.98% rise in net profit. Net interest income grew by 29.33%, and the net interest margin improved to 2.71%. The bank also saw a reduction in gross NPA to 4.21% and net NPA to 1.46%. Total business growth was 8.40%, reaching ₹215,057 Crore.