Punjab & Sind Bank has reported results for second quarter ended September 30, 2023 (Q2FY24).
The bank has reported 32.01% fall in its net profit at Rs 189.09 crore for the quarter under review as compared to Rs 278.10 crore for the same quarter in the previous year. However, total income of the bank increased by 26.13% at Rs 2674.15 crore for Q2FY24 as compared Rs 2120.17 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.
