Punjab & Sind Bank has reported results for second quarter ended September 30, 2024 (Q2FY25).
The Bank has reported 26.71% rise in its net profit at Rs 239.59 crore for the quarter ended September 30, 2024 as compared to Rs 189.09 crore for the same quarter in the previous year. Total income of the Bank increased by 15.84% at Rs 3,097.86 crore for Q2FY25 as compared to Rs 2,674.15 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.
