In another match, Federation Cup champions ONGC outplayed Maharashtra 78-58 after enjoying a 41-29 half-time lead, for their second successive win in Group-A of the event organised by the Don Bosco Recreation Centre.
In another men's Group A clash, IOB, Tamil Nadu, continued their winning run, crushing a listless Income Tax 76-37. The southern team had outplayed Maharashtra 93-69 in their opening match the previous day.
The sturdy Punjab outfit trailed Services 31-39 after the opening two quarters, but came back strongly in the third, shooting 33 points as against only six by their rivals at the Don Bosco High School court in Matunga.
But Punjab came roaring back with a solid performance in the next and a satisfying effort in the fourth to clinch the issue in their favour.
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Palpreet Singh, with 21 points, and Arjun Singh (20) were responsible for Punjab's win, while Ram Gopal (18) and Anton Nixon (11) were the main scorers for the losing side.
The leading scorers for ONGC against the host state were Trideep Rai (18 points) and Amritpal Singh (16), while Saurabh (11) was the only Maharashtra player to get into double figures.
Having gained a stranglehold of the proceedings, the bankmen charged to a 31-4 lead in the first quarter and increased it to 59-14 by the halfway stage.
IOB slackened the pace in the remaining two quarters and, with no fight evident from Income Tax, they cantered to their second straight victory and enhance their chance of entering the semi-final stage.