- Punjab & Sind Bank reported a net income of 2.4 billion rupees for the second quarter, which is a 27% increase year-over-year.
- The bank’s gross non-performing assets decreased to 4.21% compared to 4.72% in the previous quarter.
- Provisions for the quarter amounted to 1.51 billion rupees, reflecting a 47% increase compared to the previous quarter.
- Interest income grew by 14% year-over-year, reaching 27.4 billion rupees.
- Interest expenses increased by 8.1% year-over-year, totaling 18.7 billion rupees.
- Other income surged by 34% year-over-year, totaling 3.59 billion rupees.
- The bank recorded loan loss provisions of 915 million rupees, while recovering 3.36 billion rupees in the previous quarter.
- There are currently no buy, hold, or sell ratings from analysts for Punjab & Sind Bank.
A look at Punjab & Sind Bank Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 2 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
When looking at the Smartkarma Smart Scores for Punjab & Sind Bank, we see a somewhat positive long-term outlook. The bank scores well in Growth with a score of 4, indicating potential for expansion and development in the future. Additionally, it maintains moderate scores in Value, Dividend, and Resilience, all scoring a 3, which implies stability in its financial standing and shareholder returns. However, Punjab & Sind Bank falls slightly short in Momentum with a score of 2, suggesting a slower pace in terms of market performance compared to its peers. Overall, the bank seems well-positioned for growth and stability in the long run.
As a commercial bank, Punjab & Sind Bank provides a variety of banking products and services to its customers. With a focus on growth and maintaining financial stability, the bank’s Smartkarma Smart Scores reflect a well-rounded performance across different factors. While it may not have high momentum currently, the bank’s emphasis on growth and resilience could potentially lead to favorable outcomes in the long term for investors looking for a balanced investment option in the banking sector.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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