Net interest income zoomed 154.42% YoY to Rs 547 crore in Q4 FY23 from Rs 215 crore recorded in Q4 FY22.

Operating Profit stood at Rs 536 crore in the fourth quarter of FY23 as against Rs 317 crore posted in the same period last year.

Slippage ratio was at 0.63% in Q4FY23 as compared to 0.76% reported in Q4 FY22.

On full year basis, the bank's net profit rose 26.37% to Rs 1313.03 crore on 10.89% increase in total income to Rs 8932.69 crore in FY23 over FY22.

NII grew by 12.10% to Rs 2,973 crore during financial year ended 31 March 2023. Net interest margin improved to 2.91% in FY23 as against 2.80% posted in FY22

Total deposits rose by 7.37% on YoY basis to Rs 1,09, 665 crore as on 31 March 2023. Gross advances were at Rs 80,982 crore as on 31 March 2023, recording a growth of 15.05% YoY.

CASA deposits increased to Rs 36,833 crore as on 31 March 2023, rising 6.68% YoY. CASA ratio stood at 33.59% as on 31 March 2023 as compared to 33.81% reported in the same period previous year.

On the asset quality side, gross non-performing assets (NPAs) stood at Rs 5,648.21 crore as on 31 March 2023 as against Rs 6,499.91 crore as on 31 December 2022 and Rs 8,564.82 crore as on 31 March 2022.

The ratio of gross NPAs stood at 6.97% as on 31 March 2023 as against 8.36% as on 31 December 2022 and 12.17% as on 31 March 2022.

The ratio of net NPAs stood at 1.84% as on 31 March 2023 as against 2.02% as on 31 December 2022 and 2.74% as on 31 March 2023.

Provision coverage ratio (PCR) was at 89.06% as on 31 March 2023 as compared with 87.89% as on 31 March 2022.

Capital adequacy ratio (CRAR) was at 17.10% with common equity tier 1 (CET-1) ratio of 14.32% at the end of March 2023.

Punjab & Sind Bank is a relatively small PSB, founded in 1908 in New Delhi. GoI's ownership stood at 98.25% as on 31 March 2023. The bank has 1537 number of branches, out of which 572 are Rural, 281 Semi-Urban, 362 Urban and 322 Metro along with 835 number of ATMs, 357 Business Correspondents.

Shares of Punjab & Sind Bank slipped 2.81% to Rs 36.30 on the BSE.