Punjab & Sind Bank has reported results for first quarter ended June 30, 2022.
The bank has reported 17.75% rise in its net profit at Rs 204.70 crore for the quarter under review as compared to Rs 173.85 crore for the same quarter in the previous year. However, total income of the bank decreased by 4.62% at Rs 1,915.47 crore in Q1FY23 as compared Rs 2,008.30 crore for the corresponding quarter previous year.
Punjab & Sind Bank’s primary business is taking deposits, and making advances and investments, and is principally divided into retail banking, corporate banking, priority sector banking, treasury operations and other banking services such as agency functions for insurance, distribution of mutual funds and pension and tax collection services.
