News > Punjab and Sind Bank posts 23% jump in net profit, NII climbs by 6.20% YoY in Q3

Punjab and Sind Bank posts 23% jump in net profit, NII climbs by 6.20% YoY in Q3

The public sector lender Punjab and Sind Bank (PSB) has declared its Q3FY23 results today. The bank has posted a net profit of Rs.373 Cr in Q3FY23 against a net profit of Rs.301 Cr for Q3FY22, a growth of 23.92% YoY whereas its operating profit surged by 8.18% (Q-o-Q) and 3.61% (Y-o-Y). The lender said that in Q3FY23, its Gross Non-Performing Assets (GNPA) ratio decreased by 608 basis points (bps) YoY to 8.36% and its Net Non-Performing Assets (NNPA) ratio decreased by 99 bps YoY to 2.02%.