Punjab & Sind Bank has reported results for third quarter ended December 31, 2020.
The Bank has reported a net loss of Rs 2375.53 crore for the quarter under review against net loss of Rs 255.49 crore for the same quarter in the previous year. Total income of the bank decreased by 10.05% at Rs 1982.52 crore for Q3FY21 as compared Rs 2077.01 crore for the corresponding quarter previous year.
The Bank’s gross NPA for the October-December quarter of the current fiscal improved to 13.14%, as compared to 13.58% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 2.84% in Q3FY21.