1. Opening Hook
Public sector banks were supposed to be boring, slow, and allergic to growth. Then Punjab & Sind Bank walked into Q3 FY26 with a ₹336 crore profit and politely ruined that stereotype. While peers are still explaining CASA pressure like it’s a weather event, PSB casually reported double-digit credit growth, sub-1% NNPA, and a PCR north of 92%.
Even more impressive? This isn’t a one-quarter fluke powered by treasury jugaad. Management kept hammering RAM growth, fee income, and capital efficiency like it’s part of a long-term plan—imagine that.
Yes, NIMs are still slim. Yes, ROA hasn’t crossed the magical 1% yet. But the tone has changed. This call felt less like damage control and more like quiet chest-thumping.
Stick around. The real spice is in asset churn, deposit math gymnastics, and a bold GNPA claim that raised eyebrows for all the right reasons.
2. At a Glance
- Net Profit ₹336 crore (+19% YoY) – Not a treasury miracle, just steady grind.
- Advances up 15.05% YoY – RAM doing the heavy lifting while corporates behave.
- Deposits up 9.27% YoY – CASA still sulking, retail term deposits picked up the slack.
- GNPA at 2.60% – Down 123 bps YoY, PSU banks taking notes nervously.
- NNPA at 0.74% – Guidance met, box ticked, management smiling.
- PCR at 92.23% (72.28% ex-TWO) – Over-provisioning is the new flex.
- ROA at 0.79% – Close to 0.8%, still not invited to the 1% party.
3. Management’s Key Commentary
“Total business stood at ₹2.49 lakh crore with 11.75% YoY growth.”
(PSU bank saying ‘growth’ without clearing throat first.) 😏
“Retail term deposits grew at 18.34%.”
(CASA refused to cooperate, so we bribed fixed deposit customers.)
“Core fee income grew 28.97% YoY.”
(Less treasury luck, more actual banking.)
“Gross NPA is now 2.60%, net NPA 0.74%.”
(Legacy sins mostly forgiven,
