Punjab & Sind Bank has reported results for fourth quarter and year ended March 31, 2017.
The bank has reported a fall of 91.51% in its net profit at Rs 8.33 crore for the quarter ended March 31, 2017 as compared to Rs 98.12 crore for the same quarter in the previous year. Total income of the bank decreased by 8.35% to Rs 2110.11 crore for quarter under review, as compared to Rs 2302.27 crore for the quarter ended March 31, 2016.
For the year ended March 31, 2017, the bank has posted a fall of 40.15% in its net profit at Rs 201.08 crore as compared to Rs 335.97 crore in FY16. Total income of the bank decreased by 5.12% at Rs 8750.97 crore for year under review, as compared to Rs 9222.82 crore for the year ended March 31, 2016.
