Comments
Punjab & Sind Bank (PSB), a public sector bank, has reported a 32 per cent decline in standalone net profit for the quarter ended September 30, 2023, at ₹189 crore (against ₹278 crore in the corresponding quarter last year).
- Also read: Uco Bank Q2 net down 20.38% at ₹401.67-cr
The latest bottomline print was however higher than net profit of ₹153 crore recorded in June 2023 ending quarter.
For the six months ended September 30, 2023, PSB recorded a net profit of ₹342 crore, which was 29 per cent lower than the net profit of ₹483 crore recorded in the same period last year.
Total income for the quarter under review increased 26 per cent to ₹2,674 crore (from ₹2,120 crore corresponding quarter last year). It was also higher than the total income of ₹2,494 crore recorded in the June ending quarter, the latest filing with the stock exchanges showed.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.