Punjab & Sind Bank earnings calls.

Punjab & Sind Bank delivered a strong Q3 FY26 with 19.15% YoY PAT growthCurrent 19.2% vs previous available quarter 23.1%. to Rs 336Current 336 crore vs previous available quarter 331 crore. crore and 22.73% operating profit growthCurrent reported value: 22.73% operating profit growth. No comparable prior figure is available in the source record. to Rs 594 crore. Credit growth accelerated to 15.05% YoYCurrent reported value: 15.05% YoY. No comparable prior figure is available in the source record. (advances Rs 1.10 lakh crore) significantly outpacing deposit growth of 9.27%, creating near-term LCR and CD ratio pressure at 79.24%. The bank made excess provisions on two state government guaranteed accountsCurrent reported value: excess provisions on two state government guaranteed accounts. No comparable prior figure is available in the source record. (20-30% provisioning vs standard requirement) despite calling them low-risk, as SMA accounts rose sequentially. RAM segment grew 21.94% YoYCurrent reported value: 21.94% YoY. No comparable prior figure is available in the source record. and now comprises 57.45% of advancesCurrent 57.45% of advances. Reported change: +21.94% YoY. (targeting 60% by March 2026). Asset quality improved materially with gross NPA at 2.60%Current gross NPA at 2.60%. Reported change: -123bps YoY. (down 123 bps) and net NPA at 0.74%Current net NPA at 0.74%. Reported change: -51bps YoY. (below 0.75% guidance), with management guiding to 2.25% gross NPA by March 2026Current reported value: 2.25% gross NPA by March 2026. No comparable prior figure is available in the source record.. ROA remains below peers at 0.79%Current reported value: 0.79%. No comparable prior figure is available in the source record. with cost-to-income at elevated 60.84%Current reported value: 60.84%. No comparable prior figure is available in the source record., though both metrics are on improving trajectories. The bank turned away Rs 3,000 crore of corporate loansCurrent reported value: Rs 3,000 crore of corporate loans. No comparable prior figure is available in the source record. to protect margins, prioritizing retail/agriculture/MSME segments. Management maintained FY26 guidance on track and targets 1% ROA by March 2027Current reported value: 1% ROA by March 2027. No comparable prior figure is available in the source record. through NIM improvement, fee income acceleration (digital journeys, PSLC income, supply chain financing), and controlled credit costs. Treasury outlook remains challenging with SDL spreads widening.