'Punjab & Sind Bank conducted a conference call on 16 January
2025 to discuss the financial results for the quarter ended December 2024. Swarup
Kumar Saha, MD & CEO of the bank addressed the call:
Highlights:
The business of the bank has increased by 11% to Rs 2.23
lakh crore driven by 8% growth in deposits to Rs 1.27 lakh crore and 15% growth
in advances to Rs 95870 crore.
The bank has posted 11% growth in term deposits end December
2024. Casa deposits rose marginally by 2.4%.
The net interest margin stood at 2.78% up 24 bps yoy, while
NIM for 9MFY25 was 2.73% up 23 bps.
ROA rose 42 bps yoy to 0.73% in Q3FY2025 and 21 bps to 0.6%
for 9MFY2025.
The bank has reduced cost to Income ratio sharply by 1274
bps yoy to 62.1% in Q3FY25. The cost to income ratio has dipped to 64.6% in
9MFY2025.
The bank has also substantially reduced GNPA ratio to 3.83%
and net NPA ratio to 1.25%, while further improv...
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