Punjab & Sind Bank has informed the Exchange regarding Board meeting held on July 19, 2025.
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Punjab & Sind Bank's Board approved its Q1 FY26 reviewed unaudited financial results on July 19, 2025. The Bank reported a net profit of approximately Rs. 135 crore for the quarter, swinging back from a loss of about Rs. 33 crore in the same quarter last year. Asset quality improved with Gross NPA at 3.34% (vs 3.38% YoY) and Net NPA at 0.91% (vs 0.96% YoY). Capital Adequacy Ratio under Basel III stood at 15.98% with Provision Coverage Ratio at 91.77%, while Return on Assets (annualised) turned positive at 0.34%. The auditor's review report is unmodified, but includes an Emphasis of Matter on the ongoing amortisation of Rs. 236.84 crore family pension liability, with Rs. 12 crore charged to P&L this quarter and Rs. 35.37 crore remaining unamortised. No funds were raised this quarter, and there is no deviation in fund utilisation.
A clear return to profitability with better asset quality and stronger capital buffers is positive for shareholders. The YoY profit turnaround from a loss signals improving operational health, though investors should note the continued pension amortisation drag and that Q1 numbers are reviewed, not audited.