The Punjab and Sind Bank, chaired by MD & CEO, Swarup Kumar Saha, declared its financial results for the quarter and year ended on March 31, 2024. As per results, the bank recorded Operating Profit sequentially increased by 21.30% (Q-o-Q), while Net Profit sequentially grew by 21.93% (Q-o-Q) and Cost to Income Ratio sequentially improved by 536 bps (Q-o-Q). Similarly, Retail Term Deposits increased by 8.04 % (Y-o-Y) this year; Non-Interest Income increased by 29.89% (Y-o-Y); Gross NPA ratio improved by 154 bps from 6.97% to 5.43% (Y-o-Y); Net NPA ratio improved by 21 bps from 1.84% to 1.63% (Y-o-Y). The bank also made major developments in FY23-24: Bank’s External Credit Rating for Tier II Bonds, upgraded from AA (negative) to AA(positive); Bank upgraded its Core Banking System to Finacle 10x; Bank expanded its reach by opening 33 new branches and installing 198 new ATMs and  Bank received Top Improver Award in the Ease 5.0 and also awarded as First Runner-Up in Theme 4: "Collaborative and Development Focused Banking".