Q2 2026 Punjab & Sind Bank Earnings Call Transcript
Key Points
- The total business of Punjab & Sind Bank (BOM:533295) grew by 12.19% year-over-year, reaching INR2,41,000 crores.
- The bank's gross advances increased by 15.97% year-over-year, with a sequential improvement of 5.62%.
- Asset quality improved with gross NPA reduced to 2.92% and net NPA down to 0.83%.
- The provision coverage ratio (PCR) improved by 332 basis points year-over-year, standing at 91.88%.
- The bank's net profit increased by 22.92%, reaching INR295 crores.
- Operating profit decreased from INR540 crores to INR505 crores due to a reduction in noninterest income.
- There is ongoing pressure on the CASA ratio, which continues to dip slightly each quarter.
- The bank experienced a dip in net interest margin, which remains a concern.
- Treasury income was lower than expected due to market conditions, impacting overall profitability.
- The bank faces challenges in achieving its credit growth target, requiring an additional INR9,000 to INR10,000 crores of business.
Good afternoon, everyone. My name is Ganesh Shankanawar, the moderator for today's earnings call. I welcome and thank each one of you for joining us today for Punjab & Sind Bank's earnings call for Q2 FY '26. Please note that this conference is being recorded. (Operator Instructions)
I would now like to introduce the management of Punjab & Sind Bank. We have with us today Shri Swarup Kumar Saha, Managing Director and Chief Executive Officer; Shri Ravi Mehra, Executive Director; Shri Rajeeva, Executive Director; and Shri Arnab Goswamy, Chief Financial Officer.
I would now like to hand over the conference to Shri Swarup Kumar Saha, MD and CEO of Punjab & Sind Bank for the opening remarks, after which we will have the forum open for the interactive Q&A session. Thank you, and over to you, sir.
Yes. Thank you, Mr. Ganesh, and good morning, everybody. And I welcome you all on behalf of Punjab & Sind Bank management for the Q2
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