Punjab & Sind Bank — Reviewed Unaudited Financial Results for the quarter ended 30th June, 2026
1. Auditor’s Note
- The Limited Review Report by the Statutory Central Auditors (S. P. Chopra & Co., Gupta Sharma & Associates, O. P. Totla & Co., NBS & Co.) states:
- The review was conducted as per applicable standards and RBI guidelines.
- No qualifications, concerns, or issues were noted.
- The auditors have not performed an audit but a limited review and have not expressed an audit opinion.
- The financial results are prepared in accordance with AS-25 (Interim Financial Reporting) and RBI prudential norms.
- The disclosures related to Pillar 3, Leverage Ratio, Liquidity Coverage Ratio, and NSFR are on the Bank’s website and not reviewed by auditors.
- Conclusion: Nothing has come to their attention to indicate material misstatement or non-compliance.
Summary: Auditor’s note is a standard limited review with no qualifications or concerns.
2. Financial Performance
All figures are in ₹ Lacs (Rupees in Lacs). Standalone financials only (no subsidiaries).
| Particulars | Q1 FY27 (30.06.2026) Reviewed | Q4 FY26 (31.03.2026) Audited | Q1 FY26 (30.06.2025) Reviewed | FY26 (31.03.2026) Audited |
|---|
| Interest Earned (a+b+c+d) | 321,337 | 3,029,999 | 2,102,616 | 11,819,810 |
| a) Interest/discount on advances/bills | 234,917 | 217,793 | 205,563 | 858,059 |
| b) Income on Investments | 84,723 | 82,701 | 81,851 | 330,860 |
| c) Interest on Balances with RBI & Other Inter Bank Funds | 521 | 372 | 471 | 1,603 |
| d) Others | 1,176 | 2,133 | 3,181 | 7,628 |
| Other Income | 33,235 | 42,737 | 46,873 | 177,780 |
| Total Income (1+2) | 354,572 | 345,736 | 337,939 | 1,375,930 |
| Interest Expended | 217,467 | 205,519 | 201,025 | 817,009 |
| Operating Expenses (i+ii) | 82,557 | 85,987 | 82,904 | 340,747 |
| i) Employees Cost | 49,508 | 49,634 | 52,377 | 206,935 |
| ii) Other Operating Expenses | 33,049 | 36,353 | 30,527 | 133,812 |
| Total Expenditure (4+5) excluding Provisions & Contingencies | 300,024 | 291,506 | 283,929 | 1,157,756 |
| Operating Profit before Provisions & Contingencies (3-6) | 54,548 | 54,230 | 54,010 | 218,174 |
| Provisions (other than tax) and Contingencies | 93,999 | (7,315) | 21,708 | 42,941 |
| - Provisions for Non-Performing Assets | 12,354 | 1,971 | 2,269 | 5,767 |
| Exceptional Items | 0 | 0 | 0 | 0 |
| Profit/(Loss) from Ordinary Activities before tax (7-8-9) | 45,149 | 61,545 | 32,302 | 175,233 |
| Tax Expense | 11,998 | 19,362 | 5,386 | 43,040 |
| Net Profit/(Loss) from Ordinary Activities after tax (10-11) | 33,151 | 42,183 | 26,916 | 132,193 |
| Extraordinary Items (net of tax) | 0 | 0 | 0 | 0 |
| Net Profit/(Loss) for the period (12-13) | 33,151 | 42,183 | 26,916 | 132,193 |
| Paid-up Equity Share Capital (Face Value Rs. 10/-) | 709,559 | 709,559 | 709,559 | 709,559 |
| Reserves excluding Revaluation Reserve | 597,630 | - | - | 597,630 |
| Analytical Ratios: | | | | |
| % of shares held by Government of India | 93.85% | 93.85% | 93.85% | 93.85% |
| Capital Adequacy Ratio (Basel III) | 17.61% | 17.42% | 17.90% | 17.42% |
| CET 1 Ratio | 16.56% | 15.92% | 16.02% | 15.92% |
| Basic and diluted EPS before Extraordinary items (Rs.) (Not Annualised) | 0.47 | 0.59 | 0.38 | 1.86 |
| Gross Non-Performing Assets (₹ Lacs) | 263,695 | 283,077 | 333,934 | 283,077 |
| Net Non-Performing Assets (₹ Lacs) | 76,586 | 91,919 | 88,272 | 91,919 |
| % Gross NPAs | 2.21% | 2.40% | 3.34% | 2.40% |
| % Net NPAs | 0.65% | 0.79% | 0.91% | 0.79% |
| Return on Assets (Annualised) | 0.73% | 0.96% | 0.67% | 0.79% |
| Operating Margin % (Operating Profit / Total Income) | 15.38% | 15.69% | 15.98% | 15.86% |
| Net Profit Margin % (Net Profit after tax / Total Income) | 9.35% | 12.20% | 7.96% | 9.61% |
3. Detailed Notes / Management Commentary
- The Bank has discontinued the maintenance of Investment Fluctuation Reserve (IFR) as per RBI directions dated 18.05.2026; the existing IFR amount of ₹354.21 Crore has been transferred to General Reserve during the quarter.
- Provisions include those for NPAs, Non-Performing Investments, Standard Assets (including stressed sectors), restructured assets, unhedged foreign currency exposure, amortization of investment premium, depreciation/amortization on investments and fixed/intangible assets, employee benefits, and income tax (including deferred tax).
- Deferred Tax Assets recognized at ₹1,073.90 Crore as on 30.06.2026 (₹1,244.66 Crore as on 30.06.2025).
- Provision coverage ratio (including Technical Write-Offs) at 92.33% as on 30.06.2026 (91.77% as on 30.06.2025).
- RBI Resolution Framework 2.0 related restructuring: 4,310 accounts restructured with aggregate exposure ₹451.68 Crore; provisions held ₹88.88 Crore.
- Additional standard asset provision of ₹113.84 Crore held for loans restructured under RBI circular dated 28.11.2025.
- No NPAs were transferred or acquired during the quarter.
- Bank participated in Inter-Bank Participation Certificate (IBPC) risk sharing, increasing advances by ₹2,082.89 Crore as on 30.06.2026.
- Unhedged Foreign Currency Exposure provision of ₹1.73 Crore held as on 30.06.2026.
- Fraud cases: 8 reported during the quarter (1 non-borrowal, 7 borrowal), amount involved ₹152.23 Crore, provision made ₹1.03 Crore.
- Funded exposure of ₹103.57 Crore in 2 accounts under litigation with stay on downgrading; adequate provisions made.
- Priority Sector Lending Certificate (PSLC) transactions: Agriculture PSLC purchased ₹2,000 Crore; Small & Marginal Farmers PSLC sold ₹500 Crore during the quarter.
- No subsidiaries/associates/joint ventures; hence, no consolidated financials.
- Figures for Q4 FY26 are balancing figures between audited full year and unaudited YTD figures.
- Previous period figures regrouped/reclassified for comparability.
4. Segment Information
Business Segments (₹ Lacs)
| Particulars | Q1 FY27 (30.06.2026) Reviewed | Q4 FY26 (31.03.2026) Audited | Q1 FY26 (30.06.2025) Reviewed | FY26 (31.03.2026) Audited |
|---|
| Segment Revenue | | | | |
| Treasury | 92,756 | 78,207 | 102,839 | 359,978 |
| Corporate/Wholesale Banking | 104,367 | 99,674 | 107,831 | 417,106 |
| Retail Banking (Total) | 156,672 | 166,585 | 126,570 | 595,211 |
| - Digital Banking | 11 | 11 | 11 | 42 |
| - Other Retail Banking | 156,661 | 166,574 | 126,559 | 595,169 |
| Other Banking Operations | 777 | 1,270 | 699 | 3,635 |
| Total Segment Revenue | 354,572 | 345,736 | 337,939 | 1,375,930 |
| Segment Result | | | | |
| Treasury | 22,261 | 8,791 | 33,388 | 79,411 |
| Corporate/Wholesale Banking | 16,135 | 21,095 | 17,040 | 80,697 |
| Retail Banking (Total) | 24,220 | 34,675 | 20,002 | 115,155 |
| - Digital Banking | (56) | (55) | (33) | (181) |
| - Other Retail Banking | 24,276 | 34,730 | 20,035 | 115,336 |
| Other Banking Operations | 777 | 1,270 | 699 | 3,635 |
| Total Segment Result | 63,393 | 65,831 | 71,129 | 278,898 |
| Unallocated Expenses | 8,845 | 11,601 | 17,119 | 60,724 |
| Operating Profit | 54,548 | 54,230 | 54,010 | 218,174 |
| Provisions & Contingencies | 9,399 | (7,315) | 21,708 | 42,941 |
| Income Tax | 11,998 | 19,362 | 5,386 | 43,040 |
| Extraordinary Items | 0 | 0 | 0 | 0 |
| Net Profit | 33,151 | 42,183 | 26,916 | 132,193 |
Segment Assets and Liabilities (₹ Lacs)
| Particulars | 30.06.2026 Reviewed | 31.03.2026 Audited | 30.06.2025 Reviewed | 31.03.2026 Audited |
|---|
| Assets | | | | |
| Treasury | 5,100,760 | 5,019,552 | 4,899,716 | 5,019,552 |
| Corporate/Wholesale Banking | 5,126,478 | 5,214,537 | 5,047,477 | 5,214,537 |
| Retail Banking | 7,695,736 | 7,441,151 | 5,924,593 | 7,441,151 |
| - Digital Banking | 478 | 381 | 393 | 381 |
| - Other Retail Banking | 7,695,258 | 7,440,770 | 5,924,200 | 7,440,770 |
| Other Banking Operations | 0 | 0 | 0 | 0 |
| Unallocated Assets | 247,089 | 251,791 | 280,990 | 251,791 |
| Total Assets | 18,170,063 | 17,927,031 | 16,152,776 | 17,927,031 |
| Liabilities | | | | |
| Treasury | 4,754,044 | 4,689,713 | 4,526,620 | 4,689,713 |
| Corporate/Wholesale Banking | 4,778,015 | 4,871,887 | 4,663,130 | 4,871,887 |
| Retail Banking | 7,172,632 | 6,952,189 | 5,473,456 | 6,952,189 |
| - Digital Banking | 534 | 562 | 426 | 562 |
| - Other Retail Banking | 7,172,098 | 6,951,627 | 5,473,030 | 6,951,627 |
| Other Banking Operations | 0 | 0 | 0 | 0 |
| Unallocated Liabilities | 2,045 | 0 | 123,821 | 0 |
| Total Liabilities | 16,706,736 | 16,513,789 | 14,787,027 | 16,513,789 |
Capital Employed by Segment (₹ Lacs)
| Particulars | 30.06.2026 Reviewed | 31.03.2026 Audited | 30.06.2025 Reviewed | 31.03.2026 Audited |
|---|
| Treasury | 346,716 | 329,839 | 373,096 | 329,839 |
| Corporate/Wholesale Banking | 348,463 | 342,650 | 384,347 | 342,650 |
| Retail Banking | 523,104 | 488,962 | 451,137 | 488,962 |
| - Digital Banking | (56) | (181) | (33) | (181) |
| - Other Retail Banking | 523,160 | 489,143 | 451,170 | 489,143 |
| Other Banking Operations | 0 | 0 | 0 | 0 |
| Unallocated Liabilities | 245,044 | 251,791 | 157,169 | 251,791 |
| Total Capital Employed | 1,463,327 | 1,413,242 | 1,365,749 | 1,413,242 |
Geographic Segment
- Not applicable as the Bank has no overseas branches.
Statement of Assets and Liabilities (₹ Lacs)
| Particulars | 30.06.2026 Reviewed | 30.06.2025 Reviewed | 31.03.2026 Audited |
|---|
| Capital & Liabilities | | | |
| Capital | 709,559 | 709,559 | 709,559 |
| Reserves & Surplus | 753,768 | 656,190 | 703,683 |
| Deposits | 14,712,958 | 13,118,169 | 14,582,901 |
| Borrowings | 1,688,145 | 1,245,659 | 1,635,232 |
| Other Liabilities & Provisions | 305,633 | 423,199 | 295,656 |
| Total | 18,170,063 | 16,152,776 | 17,927,031 |
| Assets | | | |
| Cash & balance with RBI | 606,453 | 677,936 | 622,955 |
| Balance with banks & money at call and short notice | 18,097 | 10,798 | 6,971 |
| Investments | 5,022,618 | 4,825,505 | 4,932,847 |
| Advances | 11,741,937 | 9,762,216 | 11,591,174 |
| Fixed Assets | 196,008 | 177,707 | 186,201 |
| Other Assets | 584,950 | 698,614 | 580,883 |
| Total | 18,170,063 | 16,152,776 | 17,927,031 |
5. Capital Expenditure, Projects, and Corporate Activity
- Project Finance:
- ₹188.10 Crore disbursed during Q1 FY27 in projects under implementation.
- 56 projects under implementation as on 30.06.2026.
- Resolution plans implemented or under implementation for some projects; cost overruns funded in one account.
- Co-Lending Arrangements (CLAs):
- 76,680 accounts with aggregate principal ₹3,861.75 Crore as on 30.06.2026.
- Weighted average interest rate 8.40%.
- Standard assets under CLA: ₹3,802.89 Crore standard, ₹58.85 Crore NPA.
- Loan Assignments:
- Loans acquired through assignment: ₹3,992.65 Crore with weighted average maturity 13.62 months.
- Retention of beneficial economic interest by originator: 10%.
- Tangible security coverage: 158.80%.
- Security Receipts (SRs):
- Book value ₹248.72 Crore as on 30.06.2026 (down from ₹399.88 Crore as on 30.06.2025).
- Recovery rating mostly RR1.
- Fraud Cases:
- 8 frauds reported in Q1 FY27 involving ₹152.23 Crore; provision of ₹1.03 Crore made.
- Provisioning:
- Provision coverage ratio including technical write-offs at 92.33%.
- Provision for food credit exposure to Punjab Govt. ₹7.63 Crore.
- Provision for unhedged foreign currency exposure ₹1.73 Crore.
- No NPAs transferred or acquired during the quarter.
6. Standalone vs Consolidated
- The Bank does not have any subsidiary, associate, or joint venture.
- Only standalone financials are provided.
- Consolidated financial statements are not applicable.
7. Shareholding Pattern
| Particulars | 30.06.2026 (Reviewed) | 31.03.2026 (Audited) | 30.06.2025 (Reviewed) | 31.03.2026 (Audited) |
|---|
| Public Shareholding - No. of Shares | 436,534,127 | 436,534,127 | 436,534,127 | 436,534,127 |
| Public Shareholding - % | 6.15% | 6.15% | 6.15% | 6.15% |
| Promoter & Promoter Group - Pledged/Encumbered Shares | Nil | Nil | Nil | Nil |
| Promoter & Promoter Group - Non-encumbered Shares | 6,659,051,093 | 6,659,051,093 | 6,659,051,093 | 6,659,051,093 |
| Promoter & Promoter Group - % of total shareholding | 100% | 100% | 100% | 100% |
| Promoter & Promoter Group - % of total share capital | 93.85% | 93.85% | 93.85% | 93.85% |
8. Security Cover Certificate (Non-Convertible Debt Securities)
- Outstanding unsecured listed NCDs amount to ₹4,237.30 Crores as on 30.06.2026.
- No secured NCDs outstanding; hence, no security cover applicable.
- Compliance with covenants of Offer Document/Information Memorandum confirmed by auditors (S. P. Chopra & Co.).
- Certificate issued with limited assurance; no audit opinion expressed.
9. Investor Complaints
| Period | Beginning | Received | Disposed Off | Lying Unresolved |
|---|
| Q1 FY27 (30.06.2026) | 0 | 2 | 1 | 1 |
| Q1 FY26 (30.06.2025) | 0 | 1 | 1 | 0 |
Summary
- Profitability: Net profit for Q1 FY27 at ₹33,151 Lacs, down QoQ but up YoY.
- Asset Quality: Gross NPA ratio improved QoQ to 2.21% from 2.40%, but higher YoY (3.34%).
- Capital Adequacy: Strong at 17.61% (Basel III).
- Segment Performance: Retail Banking largest revenue contributor; Treasury segment profit declined QoQ.
- Provisions: Significant provisions during Q1 FY27 (₹93,999 Lacs), mainly for contingencies.
- No exceptional items or extraordinary items reported.
- No NPAs transferred/acquired during the quarter.
- No consolidated financials; standalone only.
- No qualifications or concerns from auditors.
This extracted information is suitable for use by investment analysts and financial teams for detailed review and decision-making.
