PSB Q2 : STANDALONE NET PROFIT UP 39.9% AT ₹411.97 CR (YOY), UP 24.3% (QOQ). STRONG (ON 1ST LOOK)

Total income up 11.1% at ₹3,746.52 Cr (YOY), up 5.7% (QOQ). Operating profit up 22.3% at ₹617.45 Cr (YOY), up 13.2% (QOQ). Provisions down 64.7% at ₹52.11 Cr (YOY), down 44.6% (QOQ). Gross NPA ₹2,636.20 Cr; net NPA ₹750.80 Cr; net NPA ratio 2.09% v 2.21% (QOQ), 2.92% (YOY).

Punjab & Sind Bank

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