Punjab National Bank · NSE:PNB
Punjab National Bank — Q3 FY2025 Earnings Presentation
50 slides from Punjab National Bank's earnings presentation, Jan 31, 2025
Slide 1: Analyst Presentation cover letter
Joos ... the name you can BANK upon! /'•••.- 7/ .- Amrit Mahotsav ·•.t • ·•··, • • 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 National Stock E
Slide 2: Financial Results Q3/9M FY'25 December'24
FINANCIAL RESULTS Q3/9M FY’25 December’24 Follow our Official Page ‘pnbindia.in’ …the name you can BANK upon!!!
Slide 3: Content
Content 1 Performance Highlights 3-7 2 Business Performance 8-18 3 Financial Performance 19-25 4 Asset Quality 26-33 5 Shareholding & Capital 34-35 Digitalization/ 6 36-39 Analytics HR, Network, 7 40-44 Group Business & RRBs 8 ESG, Awards & Guidance 45-47 Page I 2
Slide 4: Performance Highlights: Q3 FY'25
Performance Highlights : Q3 FY’25 ₹ 4,508 Cr 1.03% ₹ 11,032 Cr ₹ 6,621 Cr Profitability 102.8% YoY 45 bps YoY 7.2% YoY 4.6% YoY Net Profit ROA% Net Interest Income Operating Profit 4.09% 0.41% 96.77% 0.12% Asset Quality 215 bps YoY 55 bps YoY 249 bps YoY 114 bps YoY GNPA % NNPA % PCR (Inc.Two) % Cre
Slide 5: Profitability
Profitability Amt ₹ in Crore Net Profit Return on Assets (%) (Annualized) 4303 4508 1.02% 1.03% 1.05% 0.82% 3010 3252 0.85% 0.77% 2223 0.65% 0.58% 1756 0.46% 1159 1255 0.45% 0.32% 0.34% 411 629 0.12%0.17% 308 0.06% 0.09% 0.25% 202 0.05% Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
Slide 6: Profitability
Profitability Return on Equity (%) (Annualized) Earning Per Share (₹) 19.91% 19.22% 3.90 3.92 16.48% 16.82% 12.45% 2.73 2.95 10.15% 2.02 7.11% 7.50% 1.59 1.05 1.14 3.85% 1.35% 2.01% 2.56% 0.37 0.57 0.28 0.18 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 FY'22 FY'23 FY'23 FY
Slide 7: Improving Asset Quality
Improving Asset Quality 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% 4.98% 0.96% 4.48% 0.73% 0.60% 0.46% 0.41% 4.09% Mar’22 June'22 Sept'22 Dec'22 Mar'23 June'23 Sept'23 Dec'23 Mar'24 June'24 Sept'24 Dec'24 Mar’22 June'22 Sept
Slide 8: Improving Asset Quality
Improving Asset Quality PCR%- (Incl. TWO) PCR%- (excl TWO) Credit Cost 95.90% 96.67% 96.77% 2.45% 2.46% 94.28% 95.39% 91.91% 89.83% 90.18% 90.23% 1.99% 87.93% 88.43% 1.87% 86.90% 85.40% 1.76% 1.72% 83.96% 85.17% 83.04% 81.60% 80.00% 1.31% 1.26% 75.84% 0.81% 70.79% 68.46% 0.32% 66.28% 0.08% 0.12% 64.
Slide 9: Business Mix
Business Mix Amt ₹ in Crore Global Gross Business Growth %/bps 15.2% YoY Gr S.N. Parameters Dec’23 Mar’24 Sept’24 Dec’24 2639991 QoQ YoY 2520246 2436929 2353038 1 Global Business 2290742 2353038 2520246 2639991 4.8% 15.2% 2290742 1a Overseas Business 71129 77282 92492 105025 13.6% 47.7% Global Depos
Slide 10: Deposits
Deposits Amt ₹ in Crore Growth % Sl. Parameters Dec’23 Mar’24 Sept’24 Dec’24 Deposit Mix - Dec’24 QoQ YoY 70018, 1 Global Deposits (2+3) 1323486 1369713 1458342 1529699 4.9% 15.6% 4.6% 2 Overseas Deposits 34216 36348 41953 54938 31.0% 60.6% 3 Domestic Deposits 1289270 1333365 1416389 1474760 4.1% 14
Slide 11: Advances
Advances Amt ₹ in Crore Growth % Sl. Parameters Dec’23 Mar’24 Sept’24 Dec’24 QoQ YoY Credit Mix – Dec’24 1 Global Advances (2+3) 967256 983325 1061904 1110292 4.6% 14.8% 2 Overseas Advances 36913 40934 50539 50087 -0.9% 35.7% 3 Domestic Advances 930343 942391 1011365 1060205 4.8% 14.0% Out of which
Slide 12: Core Retail Advances
Core Retail Advances Amt ₹ in Crore Core Retail* Home Loan* YoY Gr.: 17.3% YoY Gr.: 17.3% 109948 111230 185400 191126 163006 169119 98293 94857 Dec'23 Mar'24 Sept'24 Dec'24 Dec'23 Mar'24 Sept'24 Dec'24 Vehicle Loan* Education Loan > 7.5 lacs YoY Gr.: 26.8% YoY Gr.: 11.7% 5155 24663 5051 20767 22543
Slide 13: Priority Sector Achievement & Flagship Govt Schemes
Priority Sector Achievement & Flagship Govt Schemes Amt ₹ in Crore TOTAL PRIORITY SECTOR ADVANCES @40.45% of ANBC against norm of 40% As on As on QoQ Amt in Crores AGRICULTURE (PS) ADVANCES Sept’24 Dec’24 Growth % @18.20% of ANBC against norm of 18% Outstanding 236 248 5% ACHIEVED ALL SMALL & MARGIN
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 (APY) Jyoti Bima Yojana (PMJJBY) Bima Yojana (PMSBY) UTLBC-1 41.86 43.79 69.32 283.22 67.26 33.58 38.53 LDMO- 116 272.63 63.82 254.54 Rural Self 24
Slide 15: External Rating Portfolio & Advances on Benchmark Rates
External Rating (Std FB) Portfolio & Adv. on Benchmark Rates Amt ₹ in Crore Portfolio > Rs.25 Crore Advances Mix of Benchmark rate Dec’23 Sept’24 Dec’24 Sl Rating Grade Amt. % Share Amt. % Share Amt. % Share 2.65% 1.95% 1.80% 3.84% 4.93% 4.66% 1 AAA 147883 40.73% 188920 46.24% 197767 45.44% 9.66% 10
Slide 16: Diversified Industry Portfolio & Energy Sector
Diversified Industry Portfolio & Energy Sector Amt ₹ in Crore Dec’23 Mar’24 Sept’24 Dec’24 Energy Sector Diversified Industry % to % to % to % to Sl. Portfolio O/s Domestic O/s Domestic O/s Domestic O/s Domestic External Rating Standard Portfolio Advances Advances Advances Advances 31.12.2024 : ₹ 43
Slide 17: NBFC Sector
NBFC Sector Amt ₹ in Crore Key Sectors As on External Rating Wise Portfolio – As on 31.12.2024 Dec’23 Sept’24 Dec’24 NBFC 127671 153069 160588 Housing Finance Companies PSUs & PSU backed Out of which, A BBB& Below 575 A BBB & NBFC- HFC 36179 49818 54645 9 Below 1.05% 2025 0.02% 100 NBFC- PSUs and PS
Slide 18: Investment Portfolio
Investment Portfolio Amt ₹ in Crore Sl. Parameters Dec’23 Mar’24 Sept’24 Dec’24 1 Gross Domestic Investment 418301 423305 470391 462942 2 SLR 310248 316061 348490 349189 2a SLR as % to Dom. Investment (2/1) 74.17% 74.67% 74.09% 75.43% 3 Non SLR 108053 107244 121901 113753 4 Held To Maturity (HTM) 32
Slide 19: Non SLR Investment
Non SLR Investment Amt ₹ in Crore Dec’23 Mar’24 Sept’24 Dec’24 Sl. Parameters O/S % Share O/S % Share O/S % Share O/S % Share 1 PSU Bonds 20466 18.94% 19212 17.91% 20747 17.02% 19919 17.51% 2 Corporate and Other Bonds & Debentures 17227 15.94% 16691 15.56% 16194 13.28% 15973 14.04% 3 Special Govt. S
Slide 20: Balance Sheet-Liabilities & Assets
Balance Sheet-Liabilities & Assets Amt ₹ in Crore Sl. Parameters 31st Dec’23 31st Mar’24 30th Sept’24 31st Dec’24 CAPITAL & LIABILITIES 1 Capital 2202 2202 2299 2299 2 Reserves and Surplus 102914 104274 119335 123515 3 Deposits 1323485 1369713 1458342 1529699 4 Borrowings 61729 50430 73794 73024 5 O
Slide 21: Income
Income Amt ₹ in Crore Q3 Q2 Q3 YoY Variation 9M 9M YoY Variation Sl. Parameters FY24 FY25 FY25 Amt. % FY24 FY25 Amt. % 1 Interest Income (2+3+4) 27288 29875 31340 4052 14.8% 78788 89771 10983 13.9% 2 Interest on Advances 19605 21184 22240 2635 13.4% 55826 63876 8050 14.4% 3 Interest on Investments 7
Slide 22: Expenses
Expenses Amt ₹ in Crore Q3 Q2 Q3 YoY Variation 9M 9M YoY Variation Sl. Parameters FY24 FY25 FY25 Amt. % FY24 FY25 Amt. % 1 Total Interest Paid (2+3+4) 16995 19358 20308 3313 19.5% 49068 57746 8678 17.7% 2 Interest Paid on Deposits 15804 18240 19118 3314 21.0% 45699 54255 8555 18.7% 3 Interest Paid o
Slide 23: Profit & Provisions
Profit & Provisions Amt ₹ in Crore Q3 Q2 Q3 YoY Variation 9M 9M YoY Variation Sl. Parameters FY24 FY25 FY25 Amt. % FY24 FY25 Amt. % 1 Net Interest Income 10293 10517 11032 739 7.2% 29720 32025 2305 7.8% 2 Other Income 2674 4572 3412 738 27.6% 9136 11593 2458 26.9% 3 Operating Income (1+2) 12967 1508
Slide 24: Efficiency Ratios (Q3)
Efficiency Ratios (Q3) Cost of Deposits [%] (Annualized) Cost of Funds [%] NIM [%] 5.24% 5.23% 4.57%4.53% 4.63%4.59% 3.15%3.30% 4.96% 4.94% 5.18% 5.16% 4.42%4.37% 2.92%3.06% 2.93%3.09% Dec'23 Sept'24 Dec'24 Dec'23 Sept'24 Dec'24 Dec'23 Sept'24 Dec'24 (Q3) (Q2) (Q3) (Q3) (Q2) (Q3) (Q3) (Q2) (Q3) Glob
Slide 25: Efficiency Ratios (9M)
Efficiency Ratios (9M) (Annualized) Cost of Deposits [%] Cost of Funds [%] NIM [%] 4.85% 4.83% 4.91% 4.89% 5.18% 5.16% 4.36% 4.31% 4.58% 4.54% 4.31% 4.26% 3.11% 3.25% 3.09% 3.23% 2.97% 3.12% Dec'23 Mar'24 Dec'24 Dec'23 Mar'24 Dec'24 Dec'23 Mar'24 Dec'24 (9M) (FY) (9M) (9M) (FY) (9M) (9M) (FY) (9M) G
Slide 26: Profitability/Productivity Ratios
Profitability/Productivity Ratios (Annualized) Q3 Q2 Q3 9M 9M Sl. Key Ratios FY24 FY25 FY25 FY24 FY25 1 Return on Assets [%] 0.58% 1.02% 1.03% 0.46% 0.96% 2 Return on Equity [%] 12.45% 19.91% 19.22% 10.01% 18.87% 3 Book Value per Share [₹] 87.32 98.47 102.02 87.32 102.02 4 Book Value per Share-Tangi
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 31.12.24 Provisions Position as on 31.12.24 Provisions Loan and aggregate under OTR 1 Made# Loan and aggregate under OTR 2 Made# Sl. Sl. ex
Slide 28: Asset Quality – SMA Accounts
Asset Quality –SMA 2 Accounts ( > Rs 5.00 Crore) Amt ₹ in Crore Dec’23 Mar’24 Sept’24 Dec’24 CATEGORY % of % of % of % of S. N. SMA2 Domestic SMA2 Domestic SMA2 Domestic SMA2 Domestic Advances Advances Advances Advances 1 RETAIL 86 0.01% 93 0.01% 90 0.01% 84 0.01% 2 AGRICULTURE 239 0.03% 210 0.02% 4
Slide 29: Movement of NPA
Movement of NPA Amt ₹ in Crore Sl. Parameters Q3 FY’24 Q2 FY’25 Q3 FY’25 9M FY’24 9M FY’25 1 NPA at the beginning of Year/Quarter 65563 51263 47582 77328 56343 2 Cash Recovery & Up-gradation (2a+2b) 3046 2915 1973 8701 5456 2a -Cash Recovery 1828 1508 1333 5656 3790 2b -Up-gradation 1217 1407 640 30
Slide 30: Asset Classification
Asset Classification Amt ₹ in Crore Dec’23 Mar’24 Sept’24 Dec’24 YoY Variation Sl. Parameters O/S Share% O/S Share% O/S Share% O/S Share% Amt. Var. % 1 Standard 906885 93.76% 926982 94.27% 1014322 95.52% 1064878 95.91% 157993 17.4% 2 Gross NPA 60371 6.24% 56343 5.73% 47582 4.48% 45414 4.09% -14957 -
Slide 31: Slippages & Recoveries
Slippages & Recoveries Amt ₹ in Crore Recovery v/s Slippages Sector wise Fresh Slippage Period Q3 Q2 Q3 FY 23-24 FY 24-25 FY 24-25 12379 Total Recovery 6387 4891 3412 Total Slippage 1793 2181 1774 Recovery v/s Slippage 3.6x 2.2x 1.9x 5922 9M 9M 3932 4190 4242 Period FY 23-24 FY 24-25 Net Recovery 15
Slide 32: NPA Classification - Sector Wise
NPA Classification - Sector Wise Amt ₹ in Crore Dec’23 Mar’24 Sept’24 Dec’24 Sl. Parameters Advances GNPA GNPA% Advances GNPA GNPA% Advances GNPA GNPA% Advances GNPA GNPA% 1 Retail Loans 214215 5254 2.45% 222574 5060 2.27% 250149 3290 1.32% 262627 3344 1.27% 2 Agriculture 154129 23265 15.09% 158188
Slide 33: NPA Classification - Industry Wise
NPA Classification- Industry Wise Amt ₹ in Crore Diversified Industry Dec’23 Mar’24 Sept’24 Dec’24 Sl. Portfolio O/s GNPA GNPA % O/s GNPA GNPA % O/s GNPA GNPA % O/s GNPA GNPA % 1 Infrastructure 97570 3346 3.4% 98494 2792 2.8% 99547 2264 2.3% 102821 2197 2.1% -Energy 43862 1300 3.0% 42789 1236 2.9% 4
Slide 34: Exposure to NCLT Accounts & NARCL
Exposure to NCLT (Admitted) Accounts & NARCL Amt ₹ in Crore NCLT Sl. Parameters Accounts Balance Provision PCR% 1 RBI list 1 2 2734 2734 100.00% NARCL 2 RBI list 2 10 4372 4372 100.00% No of Balance 3 Filed by PNB 110 7363 7334 99.60% S.No Position of accounts with PNB Accounts Outstanding Filed by
Slide 35: Share Holding and Ratings
Share Holding and Ratings Shareholding as on 31.12.2024 PNB’s Rating Total No. of Shares: 1149.29 Crores Moody’s Fitch 1.26% 1.12% 1.25% 1.21% 3.10% 4.82% PNB’s Rating- PNB’s Rating- 8.41% 5.70% 8.76% Baa3/P-3/ Stable BBB-/F3/Stable 8.56% 8.71% 4.81% 8.65% 3.43% 2.87% 5.36% 8.92% 8.92% PNB’s BOND RA
Slide 36: Capital Adequacy
Capital Adequacy Amt ₹ in Crore Capital & CRAR Sl. Parameters Dec’23 Mar’24 Sept’24 Dec’24 1 Total Capital (Tier I+II) 107886 117466 125633 128081 Risk Weighted Assets CRAR % 14.63% 15.97% 16.36% 15.41% Out of Which, Sl. Parameters Dec’23 Mar’24 Sept’24 Dec’24 2 Tier I 86503 96885 104666 104122 1 To
Slide 37: Enhancing Digital Payment Ecosystem
Enhancing Digital Payment Ecosystem Digital Transaction % (Qtr) PNB One Activated WhatsApp Banking (excl ADC) Users (Lakh) Users (Lakh) 52.71 208 157 27.8 88.2% 89.5% 91.1% As 31.12.23 As 31.12.24 Dec’23 Mar’24 Dec’24 As on 31.12.23 As on 31.12.24 Dec’24 29 Lakh 13 Lakh 123K 2.95 Lakh 1.5x 1.4x 3.4x
Slide 38: Progress Under Major Digital Offerings
Progress Under Major Digital Offerings Central Bank Digital Currency Corporate M - Banking App (CBDC) Rs. Launched on 18.09.2024 Digital Lending 19800+ Journeys Crore No.of Users 58K No.of Users No.of Txn Digital 2.27 Renewals Lakh Financial Txn 115K 3.74 24.19 A/cs Lakh Lakh CASA Accounts Non-Finan
Slide 39: New Initiatives Undertaken & Way Forward
New Initiatives Undertaken & Way Forward New Initiatives Undertaken Way Forward Dynamic Currency Conversion Loyalty Reward Points for Debit (DCC) facility introduced in POS Card Users & Txn through PNB Establishing a Generative AI Center of Excellence (GCoE) for Use of Gen AI Terminals. One for rout
Slide 40: Data Analytics – Expanding Horizons!
Data Analytics – Expanding Horizons! Business Augmentation Through Analytics Propensity Models Across Business Generation from the Bank’s Products Line Wealth Management Products Natural language processing Identification of Mule for sentiment & intent Accounts 20579 Analysis 15374 ML based Branch H
Slide 41: Year 2 of HR Transformation
Year – 2 of HR Transformation Successful Implementation of Digital PMS Focus now on Capability Building with a vision to Train, Upskill and Place Right Person to Right Role Leadership PNB Prarambh: Job – Family wise Succession 360 – Degree Development Posting Tool Management Grooming Plan Planning T
Slide 42: Transformation of Learning & Development System
Transformation of Learning & Development System CENTRE OF EXCELLENCE 10 Advanced Learning Institutes (ALIs) at 4 locations State-of-the-art facilities with smart classrooms with smart podiums, revamped libraries & e-learning recording rooms GROOMING ACROSS EMPLOYEE LIFE EMPLOYEE SKILL ASSESSMENT REV
Slide 43: Distribution Network
As on 31.12.2024 Distribution Network Total Touch Points :- 54341 International Presence Branches at:- Dubai and Gift City, Gandhinagar Branches Subsidiaries:-London(UK) and Bhutan ATM BCs Joint Venture:- Nepal 119 8 (Domestic) 12034 32139 Representative Offices:- Myanmar and Bangladesh 10168 354 De
Slide 44: 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 – 28.11% 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 45: Performance of Subsidiaries, Associates, Joint Venture & RRBs
Performance of Subsidiaries, Associates, Joint Venture & RRB’s Amt ₹ in Crore Performance of RRBs Results Total Total Gross Net Name of the entity (Reviewed) (3/6/9/12 M) Income Expenses Profit Profit PNB Housing Finance Ltd Dec’24 (9M) 5928 4066 1862 1389 Consolidated 9M FY’24 9M FY’25 Dec’23 Dec’2
Slide 46: ESG Highlights
ESG Highlights Environmental Social Governance • Industry Leader in disclosing Scope 3 • 12 FTCs imparting training to 76,196 trainees • Well defined policies and SOPs such as: Financed Emissions. (9MFY25). 78 RSETIs & 2 RDCs imparting • Grievance Redressal Policy • Submitted disclosure on Carbon Di
Slide 47: Awards & Accolades
Awards & Accolades 1 2 SKOCH Award @ 100th SKOCH Outstanding Performance in SHG Summit Linkage 2023-24 For ‘Analytical Model Based By Deen Dayal Antyodaya Yojana, Derived Cash Retention Limit of NRLM, Ministry of Rural ATMs’ under BFSI category Development, GOI 3 4 Awarded at 20th Annual Banking 1st
Slide 48: Guidance for FY'25 vs Actuals for December'24
Guidance for FY’25 vs Actuals for December’24 Parameters Guidance for FY’25 Dec’24 (Q3) 9M FY’25 Credit Growth % (YoY) 11% - 12% 14.79% 14.79% Deposit Growth % (YoY) 9% - 10% 15.58% 15.58% CASA Share % Around 42% 38.12% 38.12% Operating Profit Gr % (YOY) 10% - 12% 4.58% 8.32% Net Interest Income Gr
Slide 49: Disclaimer
Disclaimer “This representation contains certain forward-looking statements apart from historical information. These forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those suggested by the forward-looking
Slide 50: Thank you
2,33,190 Thank you 27,23,757 1,69,160 36,904 4,64,195 8,27,493
Punjab National Bank — Q3 FY2025 Earnings Presentation on 6ix