Punjab National Bank · NSE:PNB

Punjab National Bank — Q4 FY2024 Earnings Presentation

48 slides from Punjab National Bank's earnings presentation, May 9, 2024

  1. Slide 1: Analyst Presentation cover letter to stock exchanges

    ·t, ·... . 7-- ■ • ■• • ,.,,,; za A d Ilka Amrit Mahotsav ■ pnb one ... the name you can BANK upon! #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

  2. Slide 2: Financial Results Q4 & FY'24

    FINANCIAL RESULTS Q4 & FY’24 March’2024 9th May 2024 Follow our Official Page ‘pnbindia.in’ …the name you can BANK upon!!!

  3. Slide 3: Content

    Content 1 Performance Highlights 3-5 2 Business Performance 6-16 3 Financial Performance 17-23 4 Asset Quality 24-31 5 Shareholding & Capital 32-33 Digitalization & 6 34-38 Analytics HR, Network, 7 39-42 Group Business & RRBs 8 ESG, Awards & Guidance 43-45 Page I 2

  4. Slide 4: Performance Highlights: Q4 FY'24/FY'24

    Performance Highlights : Q4 FY’24/FY’24 ₹ 3010 Cr 0.77% ₹ 10363 Cr ₹ 6416 Cr Profitability 159.82% YoY 9.10% YoY 45 bps YoY 9.36% YoY (Q4) Net Profit ROA% Net Interest Income Operating Profit ₹ 8245 Cr 0.54% ₹ 40083 Cr ₹ 24931 Cr Profitability 228.84% YoY 36 bps YoY 16.21% YoY 10.66% YoY (FY) Net Pr

  5. Slide 5: Increasing Profitability

    Increasing Profitability Amt ₹ in Crore Net Profit Return on Assets (%) (Annualized) Return on Equity (%) (Annualized) Marching towards 1% 3010 0.77% 16.48% 0.75% 12.45% 16. 00% 2223 0.65% 0.58% 14. 00% 1756 0.55% 0.46% 12. 00% 10.15% 1159 1255 0.45% 0.32% 0.34% 10. 00% 7.50% 0.35% 8.0 0% 7.11% 629

  6. Slide 6: Improving Asset Quality

    Improving Asset Quality Amt ₹ in Crore Gross NPA% Net NPA% PCR%- (Incl. TWO) PCR%- (excl TWO) 11.78% 11.27% 4.80% 94.3% 95.4% 10.48% 4.28% 91.9% 3.80% 89.8% 9.76% 86.9% 87.9% 3.30% 84.0% 85.2% 85.4% 8.74% 2.72% 81.6% 83.0% 80.0% 7.73% 1.98% 75.8% 6.96% 1.47% 70.8% 6.24% 0.96% 0.73% 68.5% 5.73% 64.8%

  7. Slide 7: Business Mix

    Business Mix Growth %/bps S.N. Parameters Mar’23 Dec’23 Mar’24 QoQ YoY Business Mix YoY Gr : 8.6% 1 Global Business 2165844 2290742 2353038 2.7% 8.6% 1a Overseas Business 64369 71129 77282 8.6% 20.1% 2290742 2353038 2251631 2165844 2214741 1b Domestic Business 2101475 2219613 2275756 2.5% 8.3% 96725

  8. Slide 8: Deposits & CASA Mix

    Deposits & CASA Mix Amt ₹ in Crore Growth % Global Deposits Sl. Parameters Mar’23 Dec’23 Mar’24 YoY Gr : 6.9% QoQ YoY 1 Global Deposits (2+3) 1281163 1323486 1369713 3.5% 6.9% 1297905 1309910 1323486 1369713 2 Overseas Deposits 29455 34216 36348 6.2% 23.4% 1281163 3 Domestic Deposits 1251708 1289270

  9. Slide 9: Advances Performance

    Advances Performance Amt ₹ in Crore Growth % Domestic Advances Parameters Mar’23 Dec’23 Mar’24 YoY Gr : 10.9% QoQ YoY 942391 1 Global Advances (2+3) 884681 967256 983325 1.7% 11.2% 941721 930343 884681 2 Overseas Advances 34914 36913 40934 10.9% 17.2% 856757 3 Domestic Advances 849766 930343 942391

  10. Slide 10: Core Retail Advances

    Core Retail Advances Amt ₹ in Crore Core Retail* Home Loan* YoY Gr.: 15.2% YoY Gr.: 14.5% 93694 147247 153384 158246 137335 141040 90579 87430 83893 QoQ Gr.: 81863 QoQ Gr.: 3.2% 3.4% Mar'23 June'23 Sept'23 Dec'23 Mar'24 Mar'23 June'23 Sept'23 Dec'23 Mar'24 Vehicle Loan* Personal Loan* YoY Gr.: 25.6%

  11. Slide 11: Priority Sector Achievement

    Priority Sector Achievement Amt ₹ in Crore TOTAL PRIORITY SECTOR ADVANCES Agriculture Gold Loan @40.57% of ANBC against norm of 40% QoQ Gr.: 31.55% 6258 AGRICULTURE (PS) ADVANCES 4757 @18.27% of ANBC against norm of 18% 3586 2453 ACHIEVED ALL 1478 SMALL & MARGINAL FARMERS MANDATED @10.09% of ANBC ag

  12. Slide 12: 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 38.53 63.82 246.29 254.54 33.58  LDMO- 116 61.90 210.66 28.11  Rural Self 54.98 Employment Tr

  13. Slide 13: 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. 100 Crore Mar’23 Dec’23 Mar’24 0.02% 0.01% Sl Rating Grade 2.65% 2.40% Amt. % Share Amt. % Share Amt. % Share 3.82% 4.17% 1 AAA 139918 46.27% 147808 44.39% 157516 46.79% 9.66% 8

  14. Slide 14: Diversified Industry Portfolio & Key Sectors

    Diversified Industry Portfolio & Key Sectors Amt ₹ in Crore Mar’23 Dec’23 Mar’24 Energy Sector Diversified Industry % to % to % to External Rating Standard Portfolio Sl. 31.03.2024 : ₹ 41553 Cr Portfolio O/s Domestic O/s Domestic O/s Domestic Advances Advances Advances External Rating wise Portfolio

  15. Slide 15: NBFC Sector

    NBFC Sector Key Sectors As on External Rating Wise Portfolio – As on 31.03.2024 Mar’23 Dec’23 Mar’24 NBFC 135606 127671 134190 Housing Finance Companies PSUs & PSU backed Out of which, A BBB & Below 638 27 A NBFC- HFC 47645 36179 40294 1.59% 0.07% 1,665 5.13% NBFC- PSUs and PSU backed 28987 30041 32

  16. Slide 16: Investment Portfolio

    Investment Portfolio Amt ₹ in Crore YoY Variation Sl. Parameters Mar’23 Dec’23 Mar’24 Amt. % 1 Gross Domestic Investment 399830 418301 423305 23475 5.9% a SLR 296708 310248 316061 19353 6.5% SLR as % to Dom. Investment 74.21% 74.17% 74.67% b Non SLR 103122 108053 107244 4122 4.0% I Held To Maturity

  17. Slide 17: Non SLR Investment

    Non SLR Investment Amt ₹ in Crore Mar’23 Dec’23 Mar’24 Y-o-Y Variation Sl. Parameters O/S % Share O/S % Share O/S % Share Amt Gr. % 1 PSU Bonds 20201 19.59% 20466 18.94% 19212 17.91% -989 -4.9% 2 Corporate and Other Bonds & Debentures 13393 12.99% 17227 15.94% 16691 15.56% 3298 24.6% 3 Special Govt.

  18. Slide 18: Balance Sheet-Liabilities & Assets

    Balance Sheet-Liabilities & Assets Amt ₹ in Crore Sl. Parameters 31st Mar’23 31st Dec’23 31st Mar’24 CAPITAL & LIABILITIES 1 Capital 2202 2202 2202 2 Reserves and Surplus 97653 102914 104274 3 Deposits 1281163 1323485 1369713 4 Borrowings 51292 61729 50430 5 Other Liabilities and Provisions 29521 33

  19. Slide 19: Income

    Income Amt ₹ in Crore Q4 Q3 Q4 YoY Variation QoQ Variation Sl. Parameters FY23 FY24 YoY Gr. % FY23 FY24 FY24 Amt. % Amt. % 1 Interest Income (2+3+4) 23849 27288 28113 4265 17.9% 825 3.0% 85144 106902 25.6% 2 Interest on Advances 16644 19605 20114 3470 20.9% 509 2.6% 57319 75939 32.5% 3 Interest on I

  20. Slide 20: Expenses

    Expenses Amt ₹ in Crore Q4 Q3 Q4 YoY Variation QoQ Variation Sl. Parameters FY23 FY24 YoY Gr. % FY23 FY24 FY24 Amt. % Amt. % 1 Total Interest Paid (2+3+4) 14350 16995 17750 3401 23.7% 755 4.4% 50652 66819 31.9% 2 Interest Paid on Deposits 13284 15804 16611 3327 25.0% 807 5.1% 46846 62311 33.0% 3 Int

  21. Slide 21: Profit & Provisions

    Profit & Provisions Amt ₹ in Crore Q4 Q3 Q4 YoY Variation QoQ Variation Sl. Parameters FY23 FY24 YoY Gr. % FY23 FY24 FY24 Amt. % Amt. % 1 Net Interest Income 9499 10293 10363 864 9.1% 70 0.7% 34492 40083 16.2% 2 Other Income 3420 2674 4248 828 24.2% 1574 58.8% 12143 13384 10.2% 3 Operating Income (1

  22. Slide 22: Efficiency Ratios (Quarter)

    Efficiency Ratios (Quarter) Cost of Deposits [%] (Annualized) Cost of Funds [%] NIM [%] 5.09% 5.06% 4.42% 4.37% 4.52% 4.47% 4.96% 4.94% 3.24% 3.38% 3.15%3.30% 3.10% 3.25% 4.54% 4.54% 3.96% 3.88% Mar'23 Dec'23 Mar'24 Mar'23 Dec'23 Mar'24 Mar'23 Dec'23 Mar'24 (Q4) (Q3) (Q4) (Q4) (Q3) (Q4) (Q4) (Q3) (Q

  23. Slide 23: Efficiency Ratios (FY)

    Efficiency Ratios (FY) (Annualized) Cost of Deposits [%] Cost of Funds [%] NIM [%] 4.85% 4.83% 4.91% 4.89% 4.31% 4.26% 4.36% 4.31% 4.10% 4.12% 3.61% 3.63% 3.11% 3.25% 3.09% 3.23% 3.06% 3.19% Mar'23 Dec'23 Mar'24 Mar'23 Dec'23 Mar'24 Mar'23 Dec'23 Mar'24 (FY) (9M) (FY) (FY) (9M) (FY) (FY) (9M) (FY) G

  24. Slide 24: Profitability/Productivity Ratios

    Profitability/Productivity Ratios (Annualized) Q4 Q3 Q4 Sl. Key Ratios FY23 FY24 FY23 FY24 FY24 1 Return on Assets [%] 0.32% 0.58% 0.77% 0.18% 0.54% 2 Return on Equity [%] 7.11% 12.45% 16.48% 3.94% 11.66% 3 Book Value per Share [₹] 82.45 87.32 88.59 82.45 88.59 4 Book Value per Share-Tangible [₹] 60

  25. Slide 25: 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 31.03.24 Provisions Position as on 31.03.24 Provisions Loan and aggregate under OTR 1 Made# Loan and aggregate under OTR 2 Made# Sl. Sl. ex

  26. Slide 26: Asset Quality – SMA 2 Accounts

    Asset Quality –SMA 2 Accounts ( > Rs.5.00 Crore) Amt ₹ in Crore Dec’23 Mar’24 CATEGORY S. N. % of Domestic % of Domestic SMA2 SMA2 Advances Advances 1 RETAIL 86 0.01% 93 0.01% 2 AGRICULTURE 239 0.03% 210 0.02% 3 MSME 852 0.09% 877 0.09% 4 RAM TOTAL 1177 0.13% 1180 0.13% 5 CORPORATE & OTHER 158 0.02%

  27. Slide 27: Movement of NPA

    Movement of NPA Amt ₹ in Crore Sl. Parameters Q4 FY’23 FY’23 Q3 FY’24 Q4 FY’24 FY’24 1 NPA as at the beginning of Year/Quarter 83584 92448 65563 60371 77328 2 -Cash Recovery 2575 9801 1828 1800 7106 3 -Up-gradation 1582 4770 1217 988 3448 4 Cash Recovery & Up-gradation (2+3) 4158 14571 3046 2787 105

  28. Slide 28: Asset Classification

    Asset Classification Amt ₹ in Crore Mar’23 Dec’23 Mar’24 YoY Variation Sl. Parameters O/S Share% O/S Share% O/S Share% Amt. Var. % 1 Standard 807353 91.26% 906885 93.76% 926982 94.27% 119629 14.8% 2 Gross NPA 77328 8.74% 60371 6.24% 56343 5.73% -20985 -27.1% 2a Sub-Standard 12227 1.38% 5384 0.56% 48

  29. Slide 29: Slippages & Recoveries

    Slippages & Recoveries Amt ₹ in Crore Recovery v/s Slippages SECTOR WISE SLIPPAGES Quarterly Total of All Qtrs FY 2022-23 FY 2023-24 Period Q4 Q1 Q2 Q3 Q4 FY 22-23 FY 23-24 FY 23 FY 24 FY 24 FY 24 FY 24 73.0% Recovery 7439 5417 5533 6387 5193 29095 22530 Total 6691 3996 2390 1826 1793 2206 20515 821

  30. Slide 30: NPA Classification - Sector Wise

    NPA Classification - Sector Wise Amt ₹ in Crore Mar’23 Dec’23 Mar’24 Sl. Parameters Advances GNPA GNPA% Advances GNPA GNPA% Advances GNPA GNPA% 1 Retail Loans 197698 5863 2.97% 214215 5254 2.45% 222574 5060 2.27% 2 Agriculture 142105 26067 18.34% 154129 23265 15.09% 158188 21979 13.89% 3 MSME 130178

  31. Slide 31: NPA Classification - Industry Wise

    NPA Classification- Industry Wise Amt ₹ in Crore Mar’23 Dec’23 Mar’24 Sl. Diversified Industry Portfolio O/s GNPA GNPA % O/s GNPA GNPA % O/s GNPA GNPA % 1 Infrastructure 91405 3464 3.8% 97570 3346 3.4% 98494 2792 2.8% -Energy 40544 510 1.3% 43862 1300 3.0% 42789 1236 2.9% -Tele-Communication 8207 14

  32. Slide 32: Exposure to NCLT (Admitted) Accounts

    Exposure to NCLT (Admitted) Accounts Amt ₹ in Crore NCLT Sl. Parameters Accounts Balance Provision PCR% NARCL 1 RBI list 1 4 3547 3547 100.00% 2 RBI list 2 9 4114 4114 100.00% No of Balance S.No Position of accounts with PNB Accounts Outstanding 3 Filed by PNB 122 8177 8163 99.83% Filed by Other 4 4

  33. Slide 33: Share Holding and Ratings

    Share Holding and Ratings Shareholding as on 31.03.2024 PNB’s Rating Total No. of Shares: 1101.10 Crores Moody’s Fitch Others: 1.12% PNB’s Rating- PNB’s Rating- Baa3/P-3/ Stable BBB-/F3/Stable FPIs: 4.82% Resident Individuals: 8.56% PNB’s BOND RATING Basel III Mutual Funds: 3.43% S.N Rating Agency A

  34. Slide 34: Capital Adequacy

    Capital Adequacy Amt ₹ in Crore Capital & CRAR Sl. Parameters Mar’23 Dec’23 Mar’24 Risk Weighted Assets 1 Total Capital (Tier I+II) 102157 107886 117466 Sl. Parameters Mar’23 Dec’23 Mar’24 CRAR % 15.50% 14.63% 15.97% Out of Which, 1 Total RWA 658982 737201 735435 2 Tier I 83606 86503 96885 Out of Wh

  35. Slide 35: Augmenting Digital Base

    Augmenting Digital Base Share of Digital Transactions –(FY24) No. of Digital Transactions 12.4% Numbers (in Crore) 659 87.6% 408 Share of Digital Txn Other Txns FY23 FY24 Internet Banking Users No. of UPI Transactions Numbers (in lakhs) Numbers (In Crore) 423 622 392 364 As on Mar'23 As on Mar'24 FY

  36. Slide 36: Achieving Digital Acceleration Through PNB One

    Achieving Digital Acceleration Through PNB One No. of Txns through PNB One PNB One activated Users Average Daily Login Numbers (in lakhs) Numbers (in lakhs) Numbers (in lakhs) 91.1% 50.0% 108% 541 174 25 283 116 12 FY 2023 FY 2024 As on Mar'23 As on Mar'24 As on Mar'23 As on Mar'24 VALUE ADDED SERVI

  37. Slide 37: Diversified Digital Reach Across All Segments

    Diversified Digital Reach Across All Segments MSME Liabilities Retail 1 Insta Saving Account 1 STP e-Mudra 1 1 Pre Approved Personal Loan 2 Top-Up Pre Approved Personal Loan 2 MSME Easy Renewal 2 SB through Tab for Existing Customers 3 Pre Qualified Credit Card 3 Pre Approved Business Loan 3 Current

  38. Slide 38: Upcoming Digital Journeys

    Upcoming Digital Journeys THIRD PARTY RETAIL AGRI MSME DEPOSITS PRODUCTS  E-MUDRA for New to  Savings Account on  Public Provident  E-Loan Against  SHG Financing Mobile Fund Bank customers Securities  E-Negotiable  GST Express for New  Digital Term  Online Insurance to Bank Customers  Home

  39. Slide 39: Analytics Driven Decision Making

    Analytics Driven Decision Making Future Roadmap Business Augmentation 18+ Propensity Models Txn based nudges for Accelerating UPI Leveraging NLP and Gen-AI to (Amt ₹ in Crore) for different bank boosting retail product adoption on PNB One. enhance overall customer products experience. 10402 Incorpor

  40. Slide 40: HR Transformation Project

    HR Transformation Project  Di giti zation of  More objectivity & onboarding process transparently of MT’s and through maximizing Technical officers. measurable KRAs  Enhancing training and adopting  Centralized platform e fficiency &  For scientific cohorting approach. for accessing and e ffe c

  41. Slide 41: Distribution Network & Social Media Presence

    Distribution Network & Social Media Presence As on 31.03.2024 Total Touch Points :- 55881 International Presence Branches ATM BCs Branches at:- Dubai and Gift City, Gandhinagar 117 (Domestic) 7 12131 33614 Subsidiaries:-London(UK) and Bhutan 10136 352 Joint Venture:- Nepal Delhi : 314 912 Representa

  42. 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

  43. 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 Mar’24 (12M) 7494 5103 2391 1783 Consolidated FY’23 FY’24 YOY Position Mar’23 Mar’24 P

  44. Slide 44: Bank's ESG Highlights

    Bank’s ESG Highlights Environmental Social Governance • PNB Palaash – Go Green Initiative • 12 FTCs imparted training to 18.28 lakh Well defined policies and SOPs such as: • Focus on Digital products persons till 31st March 2024 • Whistle Blower Policy • Climate risk strategy to assess climate • 175

  45. Slide 45: Awards & Accolades

    Awards & Accolades PNB has secured overall Rank 2 in Ease 6.0, and Rank 1 across Theme 2 (Tech & Data-enabled Capability Build) and Theme 3 (Digital and Analytics Driven Business Improvement) 1 2 EASE 5.0 reforms Index by Indian International Inclusion Alliance Banks’ Association Conference 2024 2nd

  46. Slide 46: Performance & Guidance

    Performance & Guidance Guidance Actuals Guidance June’23 Sep’23 Dec’23 Mar’24 Parameters FY’24 (Q1 FY24) (HY1 FY24) (9M FY24) (FY 23-24) FY’25 Deposit Growth % (YoY) 10% - 11% 14.2% 9.7% 9.4% 6.9% 9% -10% CASA Share % 43% - 44% 41.9% 42.2% 42.5% 41.4% Around 42% Credit Growth % (YoY) 12% - 13% 14.6%

  47. 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

  48. Slide 48: Thank you

    Thank you Adapt it with your needs and it will capture all the audience attention.

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