Wednesday, July 9, 2025

Punjab & Sind Bank Q1 business up 10.9% YoY, advances near ₹1 lakh crore

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State-owned Punjab & Sind Bank on Wednesday reported a 10.9% year-on-year (YoY) increase in total business for the June quarter of FY26 at ₹2.31 lakh crore, compared to ₹2.08 lakh crore a year ago.

According to provisional figures released by the bank, gross advances stood at ₹99,946 crore as of June 30, up 13.9% from ₹87,738 crore in the same quarter last year. Total deposits rose 8.8% YoY to ₹1.31 lakh crore, from ₹1.21 lakh crore.

The bank’s credit-deposit (CD) ratio improved to 76.19% from 72.76% a year earlier, indicating stronger credit offtake relative to deposit growth.

Also Read: IEX traded volumes rise 15% in Q1; real-time, green markets shine in June

The business update, filed with exchanges, is provisional and subject to review by the bank’s central statutory auditors.

Ahead of the announcement, shares of Punjab & Sind Bank closed marginally lower by 0.18% at ₹32.80 on the NSE.

Also Read: Indian Bank Q1 total business rises 10.2%; Advances, deposits grow steadily

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