New Delhi, April 30 (PTI) state-owned Punjab & Sind Bank reported net profit over double ₹Rs 313 crore in the January-March quarter of FY25 will contribute to the rise in poor loans and core income.
Received net profit from city lenders ₹1.39 million in the same period last year.
In the quarter, the total bank’s revenue increased to ₹38.36 million, from ₹A year ago, the $289.4 billion from Punjab & Sind Bank a year ago said in a regulatory filing on Tuesday evening.
Interest income increased to ₹According to reports, 31.59 million were reported to be in the quarter ₹2.481 billion in fiscal year 2.481 billion.
Net interest income (NII) in the reporting quarter also increased to ₹11.22 million, from ₹A year ago, 689 million in the same period.
In terms of asset quality, the bank’s total non-performing assets (NPA) is 3.38%, while by the end of March 2024, the bank’s total assets were 3.38%.
Similarly, net NPA fell to 0.96% in the previous period, from 1.63% above the end of 2024 to 1.63%.
As of March 31, 2025, the bank’s provision coverage ratio rose to 91.38% from 88.69% a year ago.
The bank’s capital adequacy ratio rose from 17.16% to 17.41% from the end of fiscal year 24.
Throughout the fiscal year 2024-25, the bank reported a 71% increase in profits ₹101.6 million, objection ₹5.95 million in the previous year.
The bank’s total revenue rose to 25 years ₹130.49 million, objection ₹One year ago 109.15 billion.
Nii’s up ₹37.84 billion in fiscal year 255, from ₹The previous year was 28.41 million. The net interest margin for this year was 2.85%, and 2.45% for the year ended March 2024.
The bank’s board of directors recommends a dividend of 0.07 per share of Pas with a par value share of 0.07 ₹10 of 2024-25 are subject to shareholder approval.
The growth rate of total business (deposits and progress) was 11.69% during the fiscal 25th period ₹2,293.79 million, compared to ₹The last fiscal year ended at 205,374 million.
