Punjab & Sind Bank reported results for second quarter ended September 30, 2022.
The bank has reported rise of 27.41% in its net profit at Rs 278.10 crore for Q2FY23 as compared to Rs 218.28 crore for the corresponding quarter previous year. Total income of the bank increased by 6.17% to Rs 2120.17 crore for the quarter under review as compared to Rs 1996.96 crore for the same quarter in the 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.
