Punjab & Sind Bank profit down 42%

State-run Punjab & Sind Bank on Friday posted a 42 per cent decline in net profit to Rs 58 crore in the third quarter ended December 31, 2014. The lender had earned a net profit of Rs 100.1 crore in the October-December quarter of 2013-14.

Total income during the quarter increased to Rs 2,266.3 crore as against Rs 2,172.1 crore a year earlier, Punjab & Sind Bank said in a filing to the BSE.