Public sector lender Punjab & Sind Bank (PSB) on November 3 reported a 31.7 percent fall in net profit to Rs 189.9 crore for the July-September quarter of FY24, as against Rs 278.1 crore last year.
The bank's gross non-performing assets (GNPAs) declined to 6.23 percent from 9.67 percent in the September quarter of the previous fiscal. Net non-performing assets (NNPAs) fell to 1.88 percent from 2.24 percent.
Total income of the bank during the July-September period rose Rs 2,674 crore against Rs 2,120 crore in the corresponding period of FY23.
Capital adequacy of the bank improved further to 17.23 percent as against 15.68 per cent at the quarter, the filing said.
During the quarter, the provision coverage ratio declined to 88.54 per cent as against 89.16 per cent a year ago, it added.
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