# Punjab & Sind Bank Reports 40% Jump in Q2 Net Profit to ₹412 Crore

- URL: https://stocks.freetheai.org/news/punjab-sind-bank-reports-40-jump-in-q2-net-profit-to-412-crore-195246
- Published: 2026-10-17T15:27:20Z
- Category: earnings; sentiment: bullish; impact: medium
- Symbols: [NSE:PSB](https://stocks.freetheai.org/symbols/NSE-PSB)
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Punjab & Sind Bank Ltd. (NSE:PSB) posted a 40 percent jump in net profit for the July-September quarter of FY 27, reaching ₹412 crore compared to ₹295 crore during the same period last year. The profit increase was driven by higher interest earnings and a sharp drop in provisions and contingencies.

The bank reported net interest income of ₹1,162 crore for the second quarter, representing a growth of over 22 percent year over year. Its net interest margin improved by 17 basis points to 2.77 percent. Meanwhile, asset quality strengthened as gross non-performing assets fell to 2.09 percent from 2.92 percent a year earlier and 2.21 percent in the preceding quarter. Net non-performing assets declined to 0.61 percent from 0.83 percent.

Investors will keep an eye on whether the lender can sustain its credit quality gains and interest margin expansion in subsequent quarters. Shares of Punjab & Sind Bank Ltd. were trading at 21.29 INR, up 0.24 percent today.

## Key points

- Punjab & Sind Bank reported a Q2 FY 27 net profit of ₹412 crore, up 40 percent from ₹295 crore a year ago.
- Net interest income grew by over 22 percent to ₹1,162 crore, with net interest margin expanding 17 basis points to 2.77 percent.
- Provisions and contingencies fell sharply during the quarter, boosting net profitability.
- Asset quality improved as gross non-performing assets dropped to 2.09 percent and net non-performing assets declined to 0.61 percent.

## Questions and answers

### What was Punjab & Sind Bank's net profit in Q2 FY 27?

Punjab & Sind Bank reported a net profit of ₹412 crore for the July-September quarter of FY 27, marking a 40 percent increase from ₹295 crore in the same period last year.

### How did Punjab & Sind Bank's asset quality change in Q2 FY 27?

Gross non-performing assets fell to 2.09 percent from 2.92 percent a year ago, while net non-performing assets declined to 0.61 percent from 0.83 percent.

### What drove Punjab & Sind Bank's earnings growth?

The profit boost was primarily driven by an improvement in interest earnings, a 22 percent rise in net interest income, and a sharp drop in provisions and contingencies.