Punjab National Bank · NSE:PNB
Punjab National Bank — Q1 FY2025 Earnings Presentation
48 slides from Punjab National Bank's earnings presentation, Jul 27, 2024
Slide 1: Exchange intimation letter: Analyst Presentation
.... .. .... Jes ... the name you can BANK upon! 7/ . /2- Aza d-- I Ka Amrit Mahotsav • ■ . pnb one #JustOneRpp Share Department, Board & Coordination Division, HO Plot No.4 Sector 10, Dwarka, New Delhi-110075 Tel No. : 011-28044857, E-mail: hosd@pnb.co.in Scrip Code : PNB Scrip Code : 532461 Nation
Slide 2: Financial Results Q1 FY 2025
FINANCIAL RESULTS Q1 FY 2025 June’24 27th July 2024 Follow our Official Page ‘pnbindia.in’ …the name you can BANK upon!!!
Slide 3: Content
Content 1 Performance Highlights 4-6 2 Business Performance 7-18 3 Financial Performance 19-25 4 Asset Quality 26-33 5 Shareholding & Capital 34-33 Digitalization & 6 34-35 Analytics HR, Network, 7 36-42 Group Business & RRBs 8 ESG, Awards & Guidance 43-45 Page I 2
Slide 4: Indian Economy on a solid footing
Indian Economy on a solid footing Amt. in Rs. trillion Real GDP Growth (%) Capital Expenditure 3.4% As a % of GDP 3.2% 8.2 2.7% 2.5% 7.2 11.1 7.0 9.5 7.4 5.9 FY 22-23 FY 23-24 FY 24-25* FY 21-22 FY 22-23 FY 23-24 PA FY 24-25 BE Source: MoSPI, *RBI Projections Source: Budget Documents, Economic Surve
Slide 5: Performance Highlights: Q1 FY'25
Performance Highlights : Q1 FY’25 ₹ 3252 Cr 0.82% ₹ 10476 Cr ₹ 6581 Cr Profitability 159.00% YoY 48 bps YoY 10.23% YoY 10.27% YoY Net Profit ROA% Net Interest Income Operating Profit 4.98% 0.60% 95.90% 0.32% Asset Quality 275 bps YoY 138 bps YoY 607 bps YoY 167 bps YoY GNPA % NNPA % PCR (Inc.Two) %
Slide 6: Increasing Profitability
Increasing Profitability Amt ₹ in Crore Net Profit Return on Assets (%) (Annualized) 3252 Marching towards 1% 3010 0.82% 2223 0.85% 0.77% 0.75% 1756 0.65% 0.58% 1159 1255 0.55% 0.46% 629 0.45% 0.32% 0.34% 308 411 0.35% 202 0.25% 0.12% 0.17% 0.06% 0.09% 0.15% 0.05% Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 FY'22
Slide 7: Improving Asset Quality
Improving Asset Quality Amt ₹ in Crore Gross NPA% Net NPA% 11.78% 11.27% 4.80% 10.48% 4.28% 9.76% 3.80% 8.74% 3.30% 7.73% 2.72% 6.96% 1.98% 6.24% 1.47% 5.73% 0.96% 0.73% 4.98% 0.60% Mar’22 June'22 Sept'22 Dec'22 Mar'23 June'23 Sept'23 Dec'23 Mar'24 June'24 Mar’22 June'22 Sept'22 Dec'22 Mar'23 June'2
Slide 8: Improving Asset Quality
Improving Asset Quality Amt ₹ in Crore PCR%- (Incl. TWO) Credit Cost 95.9% 2.45% 2.46% 94.3% 95.4% 91.9% 1.99% 89.8% 1.76% 1.87% 85.2% 86.9% 1.72% 84.0% 81.6% 83.0% 1.31% 1.26% 0.81% 0.32% Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Mar’22 June'22 Sept'22 Dec'22 Mar'23 June'23 Sept'23 Dec'23 Mar'24 June'24 FY'22
Slide 9: Business Mix
Business Mix Global Gross Business 10.0% YoY Gr Growth %/bps 2436929 S.N. Parameters June’23 Mar’24 June’24 2353038 QoQ YoY 1 Global Business 2214741 2353038 2436929 3.6% 10.0% 2214741 1a Overseas Business 65341 77282 82606 6.9% 26.4% Global Deposits 8.5% YoY Gr 1b Domestic Business 2149400 2275756
Slide 10: Deposits
Deposits Amt ₹ in Crore Growth % Sl. Parameters June’23 Mar’24 June’24 Deposit Mix - June’24 QoQ YoY 64702 1 Global Deposits (2+3) 1297905 1369713 1408247 2.8% 8.5% 4.59% 2 Overseas Deposits 30903 36348 38331 5.5% 24.0% 3 Domestic Deposits 1267002 1333365 1369916 2.7% 8.1% 484377 34.39% 4 Current De
Slide 11: Advances
Advances Amt ₹ in Crore Growth % Parameters June’23 Mar’24 June’24 QoQ YoY Credit Mix – June’24 1 Global Advances (2+3) 916836 983325 1028682 4.6% 12.2% 2 Overseas Advances 34438 40934 44275 8.2% 28.6% 3 Domestic Advances 882398 942391 984407 4.5% 11.6% Out of which 234564 4 Retail 205058 222574 234
Slide 12: Core Retail Advances
Core Retail Advances Amt ₹ in Crore Core Retail* Home Loan* YoY Gr.: 15.5% YoY Gr.: 14.7% 101796 162301 168265 173040 149858 155837 98293 94857 91973 QoQ Gr.: 88742 QoQ Gr.: 2.8% 3.6% June'23 Sept'23 Dec'23 Mar'24 June'24 June'23 Sept'23 Dec'23 Mar'24 June'24 Vehicle Loan* Personal Loan* YoY Gr.: 26
Slide 13: Priority Sector Achievement
Priority Sector Achievement Amt ₹ in Crore TOTAL PRIORITY SECTOR ADVANCES Agriculture Gold Loan @40.29% of ANBC against norm of 40% QoQ Gr.: 24.1% 7767 6258 AGRICULTURE (PS) ADVANCES 4757 @18.29% of ANBC against norm of 18% 3586 2453 ACHIEVED ALL SMALL & MARGINAL FARMERS MANDATED @10.16% of ANBC aga
Slide 14: Financial Inclusion Performance
Financial Inclusion Performance Nos in lakhs Nos in lakhs Nos in lakhs SLBC- 5 Pradhan Mantri Jeevan Pradhan Mantri Suraksha Atal Pension Yojana Jyoti Bima Yojana (PMJJBY) Bima Yojana (PMSBY) UTSLBC-1 65.39 38.53 39.80 63.82 261.68 31.71 33.58 LDMO- 116 254.54 30.12 61.90 246.29 60.31 239.07
Slide 15: External Rating Portfolio & Advances on Benchmark Rates
External Rating (Std FB) Portfolio & Adv. on Benchmark Rates Amt ₹ in Crore Advances Mix of Benchmark rate Portfolio > Rs.25 Crore June’23 Mar’24 June’24 0.03% 0.01% 0.01% Sl Rating Grade 3.18% 2.40% 2.20% Amt. % Share Amt. % Share Amt. % Share 3.98% 4.17% 4.31% 1 AAA 152529 42.43% 157549 42.97% 168
Slide 16: Diversified Industry Portfolio & Key Sectors
Diversified Industry Portfolio & Key Sectors Amt ₹ in Crore June’23 Mar’24 June’24 Energy Sector Diversified Industry % to % to % to External Rating Standard Portfolio Sl. Portfolio O/s Domestic O/s Domestic O/s Domestic 30.06.2024 : ₹ 42366 Cr Advances Advances Advances 1 Infrastructure 89619 10.2%
Slide 17: NBFC Sector
NBFC Sector Key Sectors As on External Rating Wise Portfolio – As on 30.06.2024 June’23 Mar’24 June’24 NBFC 129632 134190 148157 Housing Finance Companies PSUs & PSU backed Out of which, A BBB & Below 612 27 A BBB & Below NBFC- HFC 45751 40294 46667 1.31% 0.06% 1,620 100 NBFC- PSUs and PSU backed 28
Slide 18: Investment Portfolio
Investment Portfolio Amt ₹ in Crore Sl. Parameters June’23 Mar’24 June’24 1 Gross Domestic Investment 410600 423305 422822 2 SLR 307457 316061 316414 2a SLR as % to Dom. Investment (2/1) 74.88% 74.67% 74.83% 3 Non SLR 103143 107244 106408 4 Held To Maturity (HTM) 321197 328221 311174 4a HTM To Gross
Slide 19: Non SLR Investment
Non SLR Investment Amt ₹ in Crore June’23 Mar’24 June’24 Sl. Parameters O/S % Share O/S % Share O/S % Share 1 PSU Bonds 20435 19.81% 19212 17.91% 18968 17.83% 2 Corporate and Other Bonds & Debentures 13586 13.17% 16691 15.56% 14398 13.53% 3 Special Govt. Sec excl. Recap Bonds 915 0.89% 739 0.69% 741
Slide 20: Balance Sheet-Liabilities & Assets
Balance Sheet-Liabilities & Assets Amt ₹ in Crore Sl. Parameters 30th June’23 31st Mar’24 30th June’24 CAPITAL & LIABILITIES 1 Capital 2202 2202 2202 2 Reserves and Surplus 98908 104274 109658 3 Deposits 1297905 1369713 1408247 4 Borrowings 54203 50430 51223 5 Other Liabilities and Provisions 29811
Slide 21: Income
Income Amt ₹ in Crore Q1 Q4 Q1 YoY Variation QoQ Variation Sl. Parameters FY24 FY24 FY25 Amt. % Amt. % 1 Interest Income (2+3+4) 25145 28113 28557 3411 13.6% 443 1.6% 2 Interest on Advances 17756 20114 20452 2695 15.2% 338 1.7% 3 Interest on Investments 6575 6963 7232 657 10.0% 269 3.9% 4 Other Inte
Slide 22: Fee Based Income
Fee Based Income Q1 Q4 Q1 YoY Variation Sl. Parameters FY24 FY24 FY25 Amt. % Fee Based Income 1785 1613 2077 292 16.3% 1 Processing Fees 574 183 644 70 12.3% 2 Non Fund Based Income 139 174 175 36 26.2% 3 Income from Insurance & MF 86 152 86 4 Govt. Business 35 72 34 -1 -1.8% 5 Locker 102 67 97 -5 -
Slide 23: Expenses
Expenses Amt ₹ in Crore Q1 Q4 Q1 YoY Variation QoQ Variation Sl. Parameters FY24 FY24 FY25 Amt. % Amt. % 1 Total Interest Paid (2+3+4) 15642 17750 18080 2439 15.6% 330 1.9% 2 Interest Paid on Deposits 14577 16611 16896 2319 15.9% 285 1.7% 3 Interest Paid on Borrowings 334 290 352 18 5.4% 62 21.4% 4
Slide 24: Profit & Provisions
Profit & Provisions Amt ₹ in Crore Q1 Q4 Q1 YoY Variation QoQ Variation Sl. Parameters FY24 FY24 FY25 Amt. % Amt. % 1 Net Interest Income 9504 10363 10476 972 10.2% 113 1.1% 2 Other Income 3434 4248 3610 176 5.1% -638 -15.0% 3 Operating Income (1+2) 12938 14611 14086 1148 8.9% -525 -3.6% 4 Operating
Slide 25: Efficiency Ratios (Quarter)
Efficiency Ratios (Quarter) Cost of Deposits [%] (Annualized) Cost of Funds [%] NIM [%] 5.09% 5.06% 5.10% 5.08% 4.52% 4.47% 4.54% 4.49% 3.08% 3.21% 3.10% 3.25% 3.07% 3.21% 4.72% 4.71% 4.19% 4.15% Jun'23 Mar'24 Jun'24 Jun'23 Mar'24 Jun'24 Jun'23 Mar'24 Jun'24 (Q1) (Q4) (Q1) (Q1) (Q4) (Q1) (Q1) (Q4) (
Slide 26: Profitability/Productivity Ratios
Profitability/Productivity Ratios (Annualized) Q1 Q4 Q1 Sl. Key Ratios FY24 FY24 FY25 1 Return on Assets [%] 0.34% 0.77% 0.82% 2 Return on Equity [%] 7.50% 16.48% 16.82% 3 Book Value per Share [₹] 83.63 88.59 93.87 4 Book Value per Share-Tangible [₹] 61.64 67.75 73.11 5 Earnings per share [₹] (Not a
Slide 27: One Time Restructuring (OTR 1 & 2)
One Time Restructuring (OTR 1 & 2) Amt ₹ in Crore OTR 1 OTR 2 As per RBI's guidelines dated As per RBI's guidelines dated Aug 06,2020 May 05,2021 Position as on 30.06.24 Provisions Position as on 30.06.24 Provisions Loan and aggregate under OTR 1 Made# Loan and aggregate under OTR 2 Made# Sl. exposu
Slide 28: Asset Quality – SMA 2 Accounts (> Rs.5.00 Crore)
Asset Quality –SMA 2 Accounts ( > Rs.5.00 Crore) Amt ₹ in Crore June’23 Mar’24 June’24 CATEGORY S. N. % of Domestic % of Domestic % of Domestic SMA2 SMA2 SMA2 Advances Advances Advances 1 RETAIL 83 0.01% 93 0.01% 90 0.01% 2 AGRICULTURE 348 0.04% 210 0.02% 271 0.03% 3 MSME 917 0.10% 877 0.09% 1012 0.
Slide 29: Movement of NPA
Movement of NPA Amt ₹ in Crore Sl. Parameters Q1 FY’24 Q4 FY’24 Q1 FY’25 1 NPA as at the beginning of Year/Quarter 77328 60371 56343 2 Cash Recovery & Up-gradation (2a+2b) 3595 2787 1721 2a -Cash Recovery 1923 1800 1196 2b -Up-gradation 1672 988 524 3 Write Off 5223 3447 5115 4 Total Reduction (2+3)
Slide 30: Asset Classification
Asset Classification Amt ₹ in Crore June’23 Mar’24 June’24 YoY Variation Sl. Parameters O/S Share% O/S Share% O/S Share% Amt. Var. % 1 Standard 845936 92.27% 926982 94.27% 977419 95.02% 131483 15.5% 2 Gross NPA 70899 7.73% 56343 5.73% 51263 4.98% -19636 -27.7% 2a Sub-Standard 9988 1.09% 4876 0.50% 5
Slide 31: Slippages & Recoveries
Slippages & Recoveries 26.8% YoY 2258 Sector wise Fresh Slippage 2078 Recovery v/s Slippages Q1 Q4 Q1 1653 Period FY 23-24 FY 23-24 FY 24-25 18.1% 10.8% 27.4% 70.3% Total Recovery 5417 5193 3249 YoY YoY YoY YoY NPA Addition (Total Slippage) 2390 2206 1755 879 804 665 638 Recovery v/s 601 Slippage 2.
Slide 32: NPA Classification - Sector Wise
NPA Classification - Sector Wise Amt ₹ in Crore June’23 Mar’24 June’24 Sl. Parameters Advances GNPA GNPA% Advances GNPA GNPA% Advances GNPA GNPA% 1 Retail Loans 205058 5859 2.86% 222574 5060 2.27% 234564 3340 1.42% 2 Agriculture 145572 24826 17.05% 158188 21979 13.89% 168503 21301 12.64% 3 MSME 1323
Slide 33: NPA Classification - Industry Wise
NPA Classification- Industry Wise Amt ₹ in Crore June’23 Mar’24 June’24 Sl. Diversified Industry Portfolio O/s GNPA GNPA % O/s GNPA GNPA % O/s GNPA GNPA % 1 Infrastructure 89619 2600 2.9% 98494 2792 2.8% 97279 2298 2.4% -Energy 40223 473 1.2% 42789 1236 2.9% 43572 1206 2.8% -Tele-Communication 7625
Slide 34: Exposure to NCLT (Admitted) Accounts & NARCL
Exposure to NCLT (Admitted) Accounts & NARCL Amt ₹ in Crore NCLT Sl. Parameters Accounts Balance Provision PCR% 1 RBI list 1 3 3542 3542 100.00% NARCL 2 RBI list 2 10 4440 4440 100.00% No of Balance 3 Filed by PNB 115 7868 7838 99.62% S.No Position of accounts with PNB Accounts Outstanding Filed by
Slide 35: Share Holding and Ratings
Share Holding and Ratings Shareholding as on 30.06.2024 PNB’s Rating Total No. of Shares: 1101.10 Crores Moody’s Fitch Others: 1.51% PNB’s Rating- PNB’s Rating- FPIs: 5.51% Baa3/P-3/ Stable* BBB-/F3/Stable Resident Individuals: * Baseline Credit Assessment upgraded From ba3 to ba2 9.10% Mutual Funds
Slide 36: Capital Adequacy
Capital Adequacy Amt ₹ in Crore Capital & CRAR Sl. Parameters June’23 Mar’24 June’24 Risk Weighted Assets 1 Total Capital (Tier I+II) 104119 117466 118834 Sl. Parameters June’23 Mar’24 June’24 CRAR % 15.54% 15.97% 15.79% Out of Which, 1 Total RWA 669813 735435 752450 2 Tier I 82333 96885 98082 Out o
Slide 37: Digital Adoption
Digital Adoption Share of Digital Transactions –Q1 FY’25 Digital Acceleration Through 10.5% June’23 June’24 89.5% Average Daily 29K 33K Downloads Share of Digital Txn Other Txns 13.0 27.6 Average Daily Logins Lac Lac PNB One Activated Users WhatsApp Banking Users Numbers (In Lakh) Average Daily 1.30
Slide 38: Digital Journeys – Enhancing Ease of Banking
Digital Journeys – Enhancing Ease of Banking! New Digital Products Loan Disbursed Through Digital Journeys 2240 Amount Rs. in Crore 1508 Debit Card for Visually PNB Digital Impaired & Blind Education Loan PNB is 1st Bank to Launch PM Vishwakarma Scheme Q1 FY'24 Q1 FY'25 in Digital Mode PNB Digi Car
Slide 39: Analytics Driven Decision Making
Analytics Driven Decision Making Business Augmentation (Amt ₹ in Crore) 20+ Propensity Analytics Based Models for Digital Collection different bank Management products System 10883 Leveraging ML Based Cash Unstructured 5643 Retention Limit Data for ATM/BNA 5956 ₹ 2688 872 Capital Conservation ML Bas
Slide 40: HR Transformation Project
HR Transformation Project Successful Year 1 of Project Udaan UDAAN Project in Year 2 – Upcoming Initiatives Digital PMS Introduction of HR Benefit Target Setting Tool & Target Programmes Role Clarity Tool Collation Tool PMS Profiler Implementation of Reward & Performance Dashboards Appraisal Tool Re
Slide 41: Distribution Network
Distribution Network As on 30.06.2024 Total Touch Points :- 54860 International Presence Branches at:- Dubai and Gift City, Gandhinagar Branches Subsidiaries:-London(UK) and Bhutan ATM BCs 119 7 (Domestic) Joint Venture:- Nepal 10150 12080 32630 Representative Offices:- Myanmar and Bangladesh 353 De
Slide 42: Group Structure of the Bank
Group Structure of the Bank PNB Subsidiaries Associates & Joint Venture Domestic Foreign RRB Domestic Foreign 1. PNBIL, London - 1. PNB Housing Finance Ltd – 28.13% 35% stake in each one:- 1. PNB Cards & Services 100% Ltd. – 100% 2. PNB MetLife India Insurance Co. Ltd - Everest Bank, 1. Dakshin Biha
Slide 43: Performance of Subsidiaries, Associates, Joint Venture & RRBs
Performance of Subsidiaries, Associates, Joint Venture & RRB’s Amt ₹ in Crore Name of the entity Results Total Total Gross Net Performance of RRBs (3/6/9/12 M) Income Expenses Profit Profit PNB Housing Finance Ltd June’24 (3M) 1932 1367 565 421 Consolidated Q1 FY’24 Q1 FY’25 YOY Position June’23 Jun
Slide 44: Bank's ESG Highlights
Bank’s ESG Highlights Environmental Social Governance • PNB Palaash 2.0 – Go Green Initiative of PNB. Some important policies of Bank: • 12 FTCs imparted training to 18.52 lakh • Whistle Blower Policy • Green Car ₹518 cr (Outstanding) persons till 30th June 2024 • Customer Rights Policy • Renewable
Slide 45: Awards & Accolades
Awards & Accolades Infosys Finacle Innovation Awards 2024 TransUnion CIBIL Award Ecosystem-led Innovation – Platinum :- Krishi Tatkal Rinn Best Data Quality 2023-24- o PSB Consumer Award Channel Innovation – Gold :- Digital o PSB Commercial Execution of Locker Agreement Award Maximizing Cust
Slide 46: Guidance for FY'25 vs Actuals for June'24
Guidance for FY’25 vs Actuals for June’24 Parameters Guidance for FY’25 June’24 (Q1) Credit Growth % (YoY) 11% - 12% 12.20% Deposit Growth % (YoY) 9% - 10% 8.50% CASA Share % Around 42% 40.08% Operating Profit (YOY) 10% - 12% 10.27% Net Interest Income (YOY) Around 10% 10.23% NIM % 2.9% - 3.0% 3.07%
Slide 47: Disclaimer
Disclaimer "This presentation has been prepared by Punjab National Bank (the “Bank”), solely for general information purposes, without regard to any specific objectives, financial situations or informational needs of any particular person. Except for the historical information contained herein, stat
Slide 48: Thank you
1,97,495 Thank you 22,84,935 136626 26,100 4,53,732 4,67,556
Punjab National Bank — Q1 FY2025 Earnings Presentation on 6ix