Punjab & Sind Bank has reported results for fourth quarter and year ended March 31, 2021.
The bank has reported net profit at Rs 160.79 crore for the quarter under review as compared to net loss of Rs 236.30 crore for the same quarter in the previous year. However, total income of the bank decreased by 15.24% at Rs 1940.62 crore for Q4FY21 as compared Rs 2289.43 crore for the corresponding quarter previous year.
For the year ended March 31, 2021, the bank has reported net loss at Rs 2732.90 crore as compared to net loss of Rs 990.80 crore for the previous year. Total income of the bank decreased by 10.76% at Rs 7876.72 crore for year under review as compared to Rs 8826.92 crore for year ended March 31, 2020.