Punjab & Sind Bank Reports ₹1,322 Cr Profit for FY26; Recommends ₹0.39 Dividend

Punjab & Sind Bank has announced its audited financial results for the fiscal year ending March 31, 2026. The bank reported a Net Profit after Tax of ₹1,321.93 crore on Total Income of ₹13,759.30 crore for the full year. Additionally, the Board recommended a dividend of ₹0.39 per equity share, subject to shareholder approval.

FY26 and Q4 Financial Performance

For the fiscal year ended March 31, 2026, Punjab & Sind Bank posted a Net Profit of ₹1,321.93 crore. This profit was generated from a Total Income of ₹13,759.30 crore.

In the fourth quarter ended March 31, 2026, the bank reported a Net Profit of ₹421.83 crore on Total Income of ₹3,457.36 crore.

The Board of Directors approved these audited results at a meeting on April 27, 2026. The recommendation for a dividend of ₹0.39 per equity share will be put forward for approval at the bank's upcoming Annual General Meeting (AGM).

Auditor's Report Notes

The statutory auditor's report accompanying the financial results included specific remarks. The auditor stated that Pillar 3 disclosures, which provide information on banks' capital, risk exposure, and risk assessment processes, were not audited by them. Furthermore, the financial results incorporated data from 1193 branches that had not undergone an audit. This unaudited data accounts for a significant portion of the bank's advances and deposits.

Historical Performance Context

This latest performance follows a period of recovery for Punjab & Sind Bank. In the fiscal year 2023 (FY23), the bank reported a Net Profit of ₹707.59 crore. As of March 31, 2025, the bank's Gross Non-Performing Assets (GNPAs) were recorded at 7.43%, with Net NPAs at 2.05%, indicating ongoing efforts to manage asset quality.

Peer Comparison

Other public sector banks have also released their fiscal year 2025 results. Bank of Baroda reported a Net Profit of ₹14,189 crore for FY25, while Punjab National Bank recorded a Net Profit of ₹2,271 crore for the same period. These figures offer a benchmark for Punjab & Sind Bank's financial results within the sector.