Punjab & Sind Bank Q2 Net Profit Climbs 40% to ₹412 Cr

Punjab & Sind Bank announced that its net profit for the second quarter of the fiscal year rose by 40% to ₹412 crore, up from ₹307 crore in the same period last year. The bank attributed the jump to improved income, including higher interest earnings and better fee income. Operating expenses remained largely stable, helping to preserve profit margins. The bank’s management highlighted a focus on digital initiatives and cost optimization as key drivers of the stronger results. Investors welcomed the news, noting that the bank’s earnings growth aligns with broader industry trends of rising profitability.