Profit before tax (PBT) stood at Rs 213.22 crore in Q1 FY25, registering de-growth of 8.97% YoY.
Net interest income (NII) grew 14.51% to Rs 2,652 crore in Q1 FY25 as compared with Rs 2,316 crore recorded in Q1 FY24.
During the quarter bank's total business grew by 7.10% YoY to Rs 2,08,331 crore, wherein total advances up by 9.24% YoY to Rs 87,738 crore.
Total deposits rose 5.59% to Rs 1,20,593 crore as against from Rs 1,14,211 crore recorded in corresponding quarter last year.
CASA deposit stood at Rs 38,134 crore in Q1 FY25 as compared to Rs 36,194 crore posted in Q1 FY24, registering the growth of 5.36%. CASA ratio was 31.62% as on 30 June 2024 as against 31.69 as on 30 June 2023.
Gross non performing assets (GNPA) fell 24.14% to Rs 4,144.93 crore as on 30 June 2024 as against 5,464.16 crore as on 30 June 2023.
On asset quality front, Gross NPA ratio reduced to 4.72% in Q1 FY25 as against 6.80% recorded in Q1 FY24. Net NPA ratio reduced to 1.59% in Q1 FY25 as against 1.95% in Q1 FY24.
Capital Adequacy Ratio (CRAR) improved by 11bps to 17.30% and Tier I (Including CCB) capital ratio improved to 14.80% in Q1 FY25 as against 14.46% registered in Q1 FY24.
The bank's CD ratio improved by 244 bps to 72.76% in Q1 FY25 as against 70.32% in Q1 FY24.
Punjab and Sind Bank is a leading public sector bank and a major bank in northern India. The bank provide customer service through innovative products and services for different customer segments. Bank has total 1,569 branches and 1,053 ATM's.
The scrip gained 6.44% to end at Rs 68.46 on Friday, 26 July 2024.
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