Punjab & Sind Bank Ltd. · NSE:PSB

Punjab & Sind Bank — Q4 FY2022-23 Earnings Presentation

42 slides from Punjab & Sind Bank's earnings presentation, 2023

  1. Slide 1: Q4 (FY 2022-23) Analyst Presentation

    Q4 (FY 2022-23) Analyst Presentation

  2. Slide 2: Agenda

    Key Highlights & Business Performance 3-13 Asset Quality 14-18 Financial Performance & Balance Sheet 19-26 Covid Framework & NCLT Status 27-28 Treasury Operations 29 Capital Adequacy 30 Digital Journey & Initiatives 31-34 Shareholding Pattern 35 Financial Inclusion, Geographical Presence & ESG 36-38

  3. Slide 3: Key Highlights (Q4 YoY)

    Key Highlights (Q4 YoY) Total Business Other Income 520 bps Gross NPA 10.50% 154.42% Rs.190647 crore Rs.547 crore 6.97% Deposit Yield on Advances Net NPA 7.37% 72 bps 90 bps Rs.109665 crore 7.85% 1.84% Gross Advances Return on Asset Credit Cost 15.05% 23 bps 39 bps Rs.80982 crore 1.33% (0.38)% Opera

  4. Slide 4: Key Highlights (Q4 QoQ)

    Key Highlights (Q4 QoQ) Operating Profit Core Fee Income 55.81% 49.41% Rs.536 crore Rs.127 crore Net Profit Other Income 22.52% 296.38% Rs.457 crore Rs.547 crore 22 bps Return on Asset Gross NPA 139 bps 1.33% 6.97% Return on Equity 18 bps Net NPA 234 bps 28.43% 1.84% Cost Income Ratio 153 bps CRAR 7

  5. Slide 5: Key Highlights (FY YoY)

    Key Highlights (FY YoY) Net Profit 47 bps Yield on Advances 26.37% Rs.1313 crore 7.67% Operating Profit 21bps Cost Income Ratio 9.02% Rs.1450 crore 62.95% Net Interest Income Net Interest Margin 12.10% 11 bps Rs.2973 crore 2.91% Core Fee Income 13 bps Return on Asset 8.89% Rs.404 crore 0.98% CD Rati

  6. Slide 6: Overall Business mix

    Overall Business mix (Rs. in Crores) Total Deposits Total Advances 80,982 77,745 1,09,665 ​ 1,09,497 1,02,137 70,387 Mar'22 Dec'22 Mar'23 Mar'22 Dec'22 Mar'23 Particulars Mar’22 Dec’22 Mar’23 QoQ (%) YoY (%) ​Total Business 172524 187242 190647 1.82 10.50 ​Total Deposits 102137 109497 109665 0.15 7.

  7. Slide 7: Liability Franchise

    Liability Franchise (Rs. in Crores) CASA Term deposits 73,037 72,832 67,609 36,460 36,833 34,528 Mar'22 Dec'22 Mar'23 Mar'22 Dec'22 Mar'23 In Rs. crores Mar '22 Dec '22 Mar '23 QoQ(%) YoY(%) ​Current Deposits 4153 4226 4975 17.72 19.79 ​Savings Deposits 30375 32234 31858 (1.17) 4.88 ​CASA Deposits 3

  8. Slide 8: Diversified loan book - Advances Mix

    Diversified loan book - Advances Mix Advances – FY'22 (%) Advances – FY'23 (%) 16 20 18 15 17 ​Retail ​MSME ​Agri ​Corporate 18 49 47 (Rs. in Crores) % to Gross % to Gross advances % to Gross advances Parameters Mar'22 Dec'22 Mar'23 %QoQ % YoY advances (Mar'22) (Dec'22) (Mar'23) ​RAM 35692 39956 430

  9. Slide 9: Retail Lending Portfolio Showing Double Digit Growth

    Retail Lending Portfolio Showing Double Digit Growth (Rs. in Crores) Home Loan Vehicle Loan Personal loan 9,439 1,868 1,614 7,159 519 291 Mar'22 Mar'23 Mar'22 Mar'23 Mar'22 Mar'23 9

  10. Slide 10: Advances Breakup of Major Industries / Sectors

    Advances Breakup of Major Industries / Sectors (Rs. in Crores) Mar '22 Mar '23 Sector ​% to Total ​% to Total ​Amount ​Amount advances advances ​Infrastructure 15969 22.69 15498 19.14 ​(Out of Which) ​Energy 6575 9.34 5755 7.11 ​Telecommunication 991 1.41 337 0.42 ​Roads, Ports 2918 4.15 3369 4.16 ​

  11. Slide 11: Rating Profile of NBFCs

    Rating Profile of NBFCs (Rs. in Crores) Mar’22 Dec’22 Mar’23 Particulars Amount % to Total Amount % to Total Amount % to Total AAA rated 2130 30.40 6002 61.10 7783 58.47 AA rated 3707 52.92 3360 34.20 5070 38.09 A rated 1099 15.69 412 4.19 396 2.97 Total A & above 6936 99.01 9774 99.49 13249 99.53 B

  12. Slide 12: Credit Profile Improving

    Credit Profile Improving Credit – External Rating Wise (Above Rs. 5 Cr.) (Rs. in Crores) Mar’22 Dec’22 Mar’23 Particulars Amount % to Total Amount % to Total Amount % to Total AAA rated 3354 10.30 9229 23.13 11469 26.27 • 24% QoQ growth on AAA rated credit AA rated 6369 19.55 7060 17.70 7575 17.35 A

  13. Slide 13: Priority Sector Lending

    Priority Sector Lending Sl. Particulars Mandated Targets Mar’23 1 Priority Sector % to ANBC 40.00% 54.99% 2 Agriculture - PS % to ANBC 18.00% 20.67% 3 Small and Marginal Farmers (SMF) % to ANBC 9.50% 11.06% 4 Weaker Section % to ANBC 11.50% 12.68% 5 Micro Enterprises (PS) % to ANBC 7.50% 14.31% 13

  14. Slide 14: Improving Asset Quality

    Improving Asset Quality (Rs. in Crores) NPAs (%) Gross NPA 8565 12.17 6500 5648 8.36 6.97 2.74 2.02 1.84 Mar'22 Dec'22 Mar'23 Mar'22 Dec'22 Mar'23 ​Gross NPA ​Net NPA PCR with TWO (%) Net NPA 1742 87.89 89.31 89.06 1469 1412 Mar'22 Dec'22 Mar'23 Mar'22 Dec'22 Mar'23 14

  15. Slide 15: Improving Asset Quality

    Improving Asset Quality (Rs. in Crores) Sector Wise NPA Recovery & Upgradation (QoQ) Mar '22 Dec '22 Mar '23 Particulars 1,153 Ratio GNPA GNPA Ratio (%) GNPA Ratio (%) (%) Retail 597 5.09 496 3.37 478 2.91 Agri 944 8.63 844 7.48 1027 8.71 596 553 MSME 1,821 13.98 1,473 10.58 1441 9.70 Corporate 5,20

  16. Slide 16: Improving Asset Quality

    Improving Asset Quality (Rs. in Crores) Slippage ratio (Qtr) Credit cost (Qtr) SMA1 and SMA2 (Qtr) (A/cs with exposure above Rs. 5 Crore) 0.76 756 0.63 554 446 0.01 675 305 0.36 Mar'22 Dec'22 Mar'23 339 249 81 107 Mar'22 Dec'22 Mar'23 -0.38 ​SMA 1 ​SMA 2 Mar'22 Dec'22 Mar'23 -0.38 16

  17. Slide 17: Improving Asset Quality

    Improving Asset Quality (Rs. in Crores) Fresh slippages (QoQ) FY slippages (YoY) Asset classification ​448 ​433 62 ​77,745 ​80982 69 ​2061 70,387 197 231 ​243 1,362 67 71,245 75,334 61,822 ​903 36 95 333 135 274 138 149 838 279 330 833 893 ​32 ​146 ​145 2,163 5,569 ​2936 ​2893 ​2 ​5 Mar'22 Dec'22 Ma

  18. Slide 18: Movement of NPA

    Movement of NPA (Rs in Crore) Quarter Year Ended ​Sr. No ​ Particulars ​Mar’22 ​Dec’22 ​Mar’23 ​Mar’22 ​Mar’23 ​1 ​Gross NPA Opening Balance 9636 ​7128 ​6500 ​9334 ​8565 ​2 ​Cash recoveries 305 ​428 ​562 ​1116 ​1380 ​Out of Above Cash recovery ​5 ​74 ​3 16 ​32 ​105 Income Booked ​4 ​Up gradations 12

  19. Slide 19: Operating & Net Profit

    Operating & Net Profit (Rs. in Crores) Quarter Ending Variation Year Ended Variation ​ Particulars ​Mar’22 ​Dec’22 ​Mar’23 ​QoQ% ​YoY% ​Mar’22 ​Mar’23 ​YoY% ​Interest Income 1793 2107 2105 (0.09) 17.40 7096 7993 12.64 ​Interest Expenses 1096 1302 1421 9.14 29.65 4444 5020 12.96 ​Net Interest Income

  20. Slide 20: Total Income

    Total Income (Rs. in Crores) Quarter Ending Variation Year Ended Variation ​ Particulars ​Mar’22 ​Dec’22 ​Mar’23 ​QoQ% ​YoY% ​Mar’22 ​Mar’23 ​YoY% ​Interest on Loans 1193 1434 1491 3.97 24.98 4778 5503 15.17 ​Interest on Investments 546 621 591 (4.83) 8.24 2095 2359 12.60 ​Other Interest Income 54 5

  21. Slide 21: Total Expenses

    Total Expenses (Rs. in Crores) Quarter ending Variation Year Ended Variation ​Particulars ​Mar '22 ​Dec '22 ​Mar '23 ​QoQ% ​YoY% ​Mar '22 ​Mar '23 ​YoY% ​Interest on Deposits 1042 1215 1317 8.40 26.39 4208 4718 12.12 ​Interest on Others 54 87 104 19.54 92.59 236 302 27.97 ​Total Interest 1096 1302 1

  22. Slide 22: Total Provisions

    Total Provisions (Rs. in Crores) Quarter Ending Variation Year Ended Variation ​ Particulars ​Mar’22 ​Dec’22 ​Mar’23 ​QoQ% ​YoY% ​Mar’22 ​Mar’23 ​YoY% ​Operating Profit 317 344 536 55.81 69.09 1330 1450 9.02 ​Loan Loss 8 (271) (291) 7.38 - 941 (473) (150.27) ​Standard Assets (196) 9 14 55.56 107.10

  23. Slide 23: Augmenting Fee Income Growth – New Partners

    Augmenting Fee Income Growth – New Partners Core fee income (Rs in Crore) New partnerships ​Introduced three variants through agreement: • P&SB SBI Card ELITE • P&SB SBI Card Prime 127 • P&SB Simply SAVE SBI Card 115 85 Existing partnerships ​Mar ’22 Qtr ​Dec ’22 Qtr ​Mar ’23 Qtr QoQ Growth- 49% 23

  24. Slide 24: Balance Sheet

    Balance Sheet (Rs. in Crores) As on ​Liabilities ​Mar’22 ​Dec’22 ​Mar’23 ​Capital 6778 6778 6778 ​Reserve & Surplus 7233 7874 8331 ​Deposits 102137 109497 109665 ​Borrowings 2444 8780 9018 ​Other Liabilities & Provision 2476 2310 2662 ​Total 121068 135239 136454 As on ​ Assets ​Mar’22 ​Dec’22 ​Mar’2

  25. Slide 25: Key Financial Ratios (QoQ)

    Key Financial Ratios (QoQ) Yield on Advances (%) Yield on Investment (%) Return on Asset (%) 8.12 7.85 1.33 7.13 6.74 6.64 6.51 1.11 1.10 Mar'22 Dec'22 Mar'23 Mar'22 Dec'22 Mar'23 Mar'22 Dec'22 Mar'23 Cost of Deposit (%) Cost of Fund (%) Cost to Income Ratio (%) 4.90 65.19 63.47 4.66 56.45 4.17 4.98

  26. Slide 26: Key Financial Ratios (QoQ)

    Key Financial Ratios (QoQ) Return on Equity (%) Business per Employee (Rs. In Lakhs) Business per Branch (Rs. In Lakhs) 25.84 26.09 2,031.26 2,144.59 28.43 12,404.00 11,276.00 Mar'22 Dec'22 Mar'23 Mar'22 Mar'23 Mar'22 Mar'23 Earning per Share (Rs.) Net Profit per Branch (Rs. In Lakhs) Net Profit per

  27. Slide 27: COVID Resolution Framework

    COVID Resolution Framework (Rs in Crore) Resolution Framework 1 Restructuring Implemented Out of which, position as on 31.03.23 Loan and aggregate exposure category No. of Account Outstanding No. of Account ​Outstanding Personal Loans 6250 556 3465 366 Other Exposures 419 1007 222 527 Total 6669 156

  28. Slide 28: Status of NCLT

    Status of NCLT (Rs in Crore) PCR on NCLT Accounts 100.00% 100.00% 100.00% 99.94% 99.94% 242.71 22.73 36% 64.79 3384.50 3714.72 (3 A/cs) (1 A/c) (1 A/c) (52 A/cs) (57 A/cs) Type your desired text RBI List I RBIhere List for II Account Account filed Total Outstanding Outstanding more. filed by Bank by

  29. Slide 29: Treasury Operations

    Treasury Operations (Rs. in Crores) Modified duration of the Trading Book Particulars Mar '22 Dec '22 Mar '23 Domestic 42766 46758 45464 2.92 Investments 2.73 2.68 • SLR Investments 27073 30072 28977 • Non-SLR 15694 16686 16488 Investments Category Wise Classification • Held to Maturity 33445 34364

  30. Slide 30: Capital Adequacy

    Capital Adequacy (Rs. in Crores) Mar’22 Dec’22 Mar’23 Regulatory Particulars Requirement Amount % Amount % Amount % CET I (Including CCB) 8.00 6307 12.77 6930 12.79 7990 14.32 AT - 1 1000 2.03 Tier I (Including CCB) 9.50 7307 14.80 6930 12.79 7990 14.32 Tier II 1849 3.74 1506 2.78 1553 2.78 Capital

  31. Slide 31: Digital Journey

    Digital Journey Instant online Instant virtual Apply digital loan Integration of Avail pre- saving account debit card viz. MSME, retail, complaint portal approved opening agriculture, etc with PSB UnIC personal loan Validation of Public fund Instant FD/RD E-File your tax Generate UPI PIN account for

  32. Slide 32: Salient Features of PSB UNIC

    Salient Features of PSB UNIC User Same UI Additional Available in 12 Authentication experience security feature languages 4.2 out of 5 (up by 61.54% YoY) in mobile over Web and to scan the On Google Play Store Banking using Mobile App vulnerabilities Password/Pin/ in the 4.2 out of 5 (up by 20% YoY)

  33. Slide 33: Digital Growth

    Digital Growth Digital Transactions (In Cr.) UPI Transactions (In Cr.) PSB Unic Registration (In Lakhs) 28.62 21.13 4.96 12.75 11.85 1.76 Mar'22 Mar'23 Mar'22 Mar'23 Mar'22 Mar'23 Merchant Acquired UPI QR UPI Users (In Lakhs) 38498 43532 15.31 11.05 13167 8053 Mar'22 Mar'23 Mar'22 Mar'23 Mar'22 Mar'

  34. Slide 34: Future Digital Initiatives

    Future Digital Initiatives Lorem ipsum Lorem ipsum Lorem ipsum Lorem ipsum WhatsApp Wearable Tab Cardless cash Banking Banking Banking withdrawal Online current Tap & pay through Apply for IPO Reward program through ASBA account opening mobile 34

  35. Slide 35: Shareholding Pattern

    Shareholding Pattern Particulars 31.03.22 31.12.22 31.03.23 Share ​0.62% ​1.13% Capital 6777.79 Cr 6777.79 Cr 6777.79 Cr No. of Shares 677.78 Cr 677.78 Cr 677.78 Cr Mar’23 Particulars 31.03.22 31.12.22 31.03.23 Govt. of India 98.25 98.25 98.25 98.25% LIC 0.62 0.62 0.62 ​Govt. of India ​LIC ​Others O

  36. Slide 36: Financial Inclusion

    Financial Inclusion (Rs. in Lacs) ​PMJDY Accounts opened ​Atal Pension Yojna 19.30 4.12 4.52 18.42 15.25 3.13 Mar'22 Dec'22 Mar'23 Mar'22 Dec'22 Mar'23 ​Pradhan Mantri Jeevan Jyoti Bima Yojna ​Pradhan Mantri Suraksha Bima Yojna 6.09 6.56 20.78 21.67 4.85 17.28 Mar'22 Dec'22 Mar'23 Mar'22 Dec'22 Mar'

  37. Slide 37: Geographical Presence- Expanding Footprints

    Geographical Presence- Expanding Footprints ​17 Northern 6 Our Reach 179 59 974 119 17 431 4 164 98 65 1553* ​27 200 Branches No. of New Branches Open - 28 North Eastern 835 ATM’s Central Eastern 27 Western 341 96 ​40 60 357 BC ​24 14 ​24 28 7 12 318 Districts Covered 20 42 33 Southern 2 2 Semi- Cat

  38. Slide 38: Contributing to ESG

    Contributing to ESG Environment Social Governance • Solar & Green Energy: Bank •Gender Diversity with approx 30% •Commitment towards following has a portfolio of Rs. 51.05 Crore of Women Employee Workforce. best Corporate Governance under this segment. practices and setting high •Sanctioned Rs. 37 c

  39. Slide 39: Initiatives Planned for FY'24

    Initiatives Planned for FY'24 Fintech Addition of Collaboration Value Added Services to PSB Unic App On-boarding of Branch Expansion NBFC’s for Co- lending Establishment Revamp Call of CASA Back Centre to Office Profit Centre Segregation of Capacity Sourcing and Building- Sanction for Improving Skil

  40. Slide 40: Key Parameters – Guidance for FY'24

    Key Parameters – Guidance for FY'24 ​Parameters Guidance for Mar'23 Actual as on Mar '23 Achievement ​Guidance for FY'24 ​Deposit Growth >12% 7.37% - 8-10% ​Advances Growth >15% 15.05% 13-14% ​Gross NPA <9% 6.97% <6% ​Net NPA <2% 1.84% <1.5% ​PCR >89% 89.06% >89% ​Recovery & Upgradation Rs.1800 - 20

  41. Slide 41: Disclaimer

    Disclaimer • The Bank may alter, modify or otherwise change in any manner the contents of this presentation, without obligation to notify any person of such revision or changes. • Except for the historical information contained herein, statements in this release which contain words or phrases such a

  42. Slide 42: Thank You

    THANK YOU

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