Punjab & Sind Bank Q1 Net Profit Declines 25.37% YoY To Rs 153 Crore, Announces Foray Into MF Business news18.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from news18.com Daily Mail and Mail on Sunday newspapers.
Public sector lender Punjab & Sind Bank on Saturday reported a 25% decline in net profit to Rs 153 crore for the June 2023 quarter, partly due to the provision of wage revision and fresh slippages.
The lender had reported a net profit of Rs 205 crore in the April-June quarter of 2022-23.
The total income increased to Rs 2,494 crore in the first quarter of 2023-24 against Rs 1,915 crore a year ago, as per a regulatory filing.