Punjab & Sind Bank has reported results for first quarter ended June 30, 2024 (Q1FY25).
The Bank has reported 18.88% rise in net profit at Rs 181.50 crore for Q1FY25 as compared to Rs 152.67 crore for the same quarter in the previous year. Total income of the Bank increased by 14.10% at Rs 2846.02 crore for Q1FY25 as compared to Rs 2494.37 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.
