Punjab & Sind Bank Ltd. · NSE:PSB
Punjab & Sind Bank — Q1 FY2024-25 Earnings Presentation
38 slides from Punjab & Sind Bank's earnings presentation, Jul 26, 2024
Slide 1: Investor Presentation cover letter to exchanges
Ref No: PSB/HO/Shares Cell / 51 /2024-25 July 26, 2024 To, BSE Limited, National Stock Exchange of India Ltd., Department of Corporate Services, Exchange Plaza, C – 1, Block – G, 25th floor, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Bandra (East), Dalal Street, Fort, Mumbai – 400 051. Mumbai
Slide 2: Financial Performance Q1 (FY 2024-25)
FINANCIAL PERFORMANCE Q1 (FY 2024-25) 1
Slide 3: Contents
Key Highlights & Business Performance 3-11 Financial Performance & Balance Sheet 12-15 Asset Quality & Key Financial Ratios 16-22 Covid Framework & NCLT Status 23-24 Treasury Operations 25-26 Capital Adequacy 27 Digital Journey, Shareholding Pattern & Credit Rating 28-29 Geographical Presence, Finan
Slide 4: Key Highlights (YoY)
Key Highlights (YoY) 7.10% 5.59% 9.24% 15.69% 15.18% Total Deposits Total Advances Net Interest Total Business RAM Advances Rs.120593 Cr. Rs. 87738 Cr. Income Rs.208331 Cr. Rs.46056 Cr. Rs.850 Cr. 23.35% 18.95% 208 bps 36 bps 11 bps Operating Profit Net Profit Gross NPA Net NPA CRAR Rs.317 Cr. Rs.18
Slide 5: Overall Business mix
Overall Business mix (Rs. in crores) Total Deposits Total Advances 5.59% 9.24% YoY YoY 85,964 87,738 1,20,593 80,314 1,19,410 1,14,211 Jun'23 Mar'24 Jun'24 Jun'23 Mar'24 Jun'24 Particulars Period Ended Variation Jun’23 Mar’24 Jun’24 QoQ YoY Total Business 194525 205374 208331 1.44 7.10 Total Deposit
Slide 6: Liability Franchise
Liability Franchise (Rs. in Crores) CASA Retail Term Deposits 49,536 51,346 38,708 46,616 36,194 38,134 5.36% 10.15% YoY YoY Jun'23 Mar'24 Jun'24 Jun'23 Mar'24 Jun'24 Particulars Period Ended Variation Jun’23 Mar’24 Jun’24 QoQ YoY Current Deposits 4107 5176 4598 (11.17) 11.96 Savings Deposits 32087
Slide 7: Diversified loan book - Advances Mix
Diversified loan book - Advances Mix Advances Mix Retail 22.99% Parameters Period Ended Variation 17,498 YoY 14,227 17.71% QoQ YoY Jun'23 Mar’24 Jun’24 50.43% 13.95% (%) (%) 17.91% Jun'23 Jun'24 Advances 80314 85964 87738 2.06 9.24 Agri 9.08% Jun’23 YoY 11,200 12,217 Retail 14227 16034 17498 9.13 22
Slide 8: Retail Lending Portfolio
Retail Lending Portfolio (Rs. in Crores) Home Loan Vehicle Loan Gold loan 22.65% 22.00% 17.93% YoY YoY YoY 2,362 2,249 10,243 1,006 8,946 1,936 983 8,351 853 Jun'23 Mar'24 Jun'24 Jun'23 Mar'24 Jun'24 Jun'23 Mar'24 Jun'24 7
Slide 9: Advances Breakup of Major Industries / Sectors
Advances Breakup of Major Industries / Sectors (Rs. in Crores) Sector Period Ended Jun '23 Mar '24 Jun '24 % to Total % to Total % to Total Amount Amount Amount Advances Advances Advances Infrastructure 15274 19.02 14882 17.31 14611 16.65 (Out of Which) Energy 5462 6.80 5567 6.48 5368 6.12 Telecommu
Slide 10: Rating Profile of NBFCs
Rating Profile of NBFCs (Rs. in Crores) Sector Period Ended Jun’23 Mar’24 Jun’24 Particulars Amount % to Total Amount % to Total Amount % to Total AAA rated 8535 66.47 7865 65.73 7537 59.64 AA rated 3853 30.00 3760 31.43 4681 37.04 A rated 440 3.43 339 2.84 375 2.97 Total A & above 12828 99.90 11965
Slide 11: Credit Profile
Credit Profile Credit – External Rating Wise (Above Rs. 5 Cr.) (Rs. in Crores) Particulars Period Ended 8.40% 22.85% 28.10% Jun’23 Mar’24 Jun’24 21.23% % to % to % to Amount Amount Amount 4.62% Total Total Total 4.68% 10.12% AAA rated 10466 22.85 10985 22.02 11245 22.50 AA rated 9723 21.23 10810 21.
Slide 12: Priority Sector Lending
Priority Sector Lending S No. Particulars Mandated Targets Jun’24 1 Priority Sector % to ANBC 40.00% 41.88% 2 Agriculture - PS % to ANBC 18.00% 16.17% 3 Small and Marginal Farmers (SMF) % to ANBC 10.00% 9.24% 4 Weaker Section % to ANBC 12.00% 10.82% 5 Micro Enterprises (PS) % to ANBC 7.50% 11.33% 11
Slide 13: Operating & Net Profit
Operating & Net Profit (Rs. in Crores) Particulars Quarter Variation Jun’23 Mar’24 Jun’24 QoQ% YoY% Interest Income 2316 2481 2652 6.89 14.51 Interest Expenses 1578 1792 1802 0.56 14.20 Net Interest Income 738 689 850 23.37 15.18 Non Interest Income 178 413 194 (53.03) 8.99 Operating Expenses 659 76
Slide 14: Total Income
Total Income (Rs. in Crores) Particulars Quarter Variation Jun’23 Mar’24 Jun’24 QoQ% YoY% Interest on Advances 1678 1768 1825 3.22 8.76 Interest on Investments 616 694 813 17.15 31.98 Other Interest Income 22 19 14 (26.32) (36.36) Total Interest Income (a) 2316 2481 2652 6.89 14.51 Core Fee Income 1
Slide 15: Total Expenses
Total Expenses (Rs. in Crores) Particulars Quarter Variation Jun’23 Mar’24 Jun’24 QoQ% YoY% Interest on Deposits 1434 1651 1669 1.09 16.39 Interest on Others 144 141 133 (5.67) (7.64) Total Interest Expenses (a) 1578 1792 1802 0.56 14.20 Establishment Expenses 452 513 460 (10.33) 1.77 Other Operatin
Slide 16: Balance Sheet
Balance Sheet (Rs. in Crores) Liabilities As on Jun’23 Mar’24 Jun’24 Capital 6778 6778 6778 Reserve & Surplus 8483 8756 4614 Deposits 114211 119410 120593 Borrowings 8985 9771 10382 Other Liabilities & Provision 2476 2942 2519 Total 140933 147657 144886 Asset As on Jun’23 Mar’24 Jun’24 Cash & Balanc
Slide 17: Asset Quality
Asset Quality (Rs. in Crores) Gross NPA (%) Gross NPA 5,648 6.97 5,464 6.80 4,665 5.43 4,145 4.72 Mar'23 Jun'23 Mar'24 Jun'24 Mar'23 Jun'23 Mar'24 Jun'24 Net NPA (%) Net NPA 1.95 1,489 1.84 1.63 1.59 1,412 1,350 1,350 Mar'23 Jun'23 Mar'24 Jun'24 Jun'23 Jun'23 Mar'24 Jun'24 16
Slide 18: Asset Quality
Asset Quality Sector Wise NPA (Rs. in Crores) Slippage Ratio (%) (Qtr) Particulars Period Ended 0.60 Jun’23 Mar’24 Jun’24 0.47 Ratio Ratio Ratio GNPA GNPA GNPA (%) (%) (%) 0.34 Retail 513 2.94 568 3.54 401 2.29 Agri 1034 9.23 1228 9.81 1165 9.54 MSME 1433 9.97 1446 9.09 1560 9.54 Corporate 2485 6.67
Slide 19: Asset Quality
Asset Quality Provision Coverage Ratio (%) Credit cost (%) (Qtr) SMA1 and SMA2 (Qtr) (Not Annualised) (Rs. in Crores) 88.69 (A/cs with exposure above Rs. 1 Crore) 88.58 0.14 238 206 425 0.08 574 513 387 Jun'23 Mar'24 Jun'24 88.08 Jun'23 Mar'24 Jun'24 % to Gross 1.01 0.84 0.92 Advance Jun'23 Mar'24 J
Slide 20: Asset Quality
Asset Quality (Rs. in Crores) Fresh Slippages(Qtr) Asset classification 1674 2806 984 945 2849 871 Retail Agri 81 84 63 34 74850 81299 Jun'23 Jun'24 Jun'23 Jun'24 Jun’23 Mar’24 MSME Corporate & Others 521 2774 850 191 95 179 0 83593 Jun'23 Jun'24 Jun'23 Jun'24 Jun’23 Jun’24 Jun’24 Standard Sub-Stand
Slide 21: Movement of NPA
Movement of NPA (Rs in Crore) S.No. Particulars Quarter Jun’23 Mar’24 Jun’24 1 Gross NPA Opening Balance 5648 4759 4665 2 Cash recoveries 208 217 157 3 Out of Above Cash recovery Income Booked 28 23 40 4 Up gradations 122 135 93 5 Technical Write off 329 118 200 6 Rebate 6 25 389 7 Total Net Reducti
Slide 22: Key Financial Ratios(Qtr)
Key Financial Ratios(Qtr) Yield on Advances (%) Yield on Investment (%) 8.67 8.70 7.05 8.45 6.82 6.75 Jun'23 Mar'24 Jun'24 Jun'23 Mar'24 Jun'24 Cost of Deposit (%) Cost of Fund (%) 5.77 5.71 5.70 5.64 5.35 5.24 Jun'23 Mar'24 Jun'24 Jun'23 Mar'24 Jun'24 21
Slide 23: Key Financial Ratios(Qtr)
Key Financial Ratios(Qtr) Net Interest Margin (%) Return on Asset (%) Business per Employee (Rs. In Lakhs) 2.63 2.69 0.50 2.32 0.43 2,335 2,384 0.38 2,149 Jun'23 Mar'24 Jun'24 Jun'23 Mar'24 Jun'24 Jun'23 Mar'24 Jun'24 Cost to Income Ratio (%) Return on Equity (%) Business per Branch (Rs. In Lakhs) 8
Slide 24: COVID Resolution Framework
COVID Resolution Framework (Rs in Crore) Resolution Framework 1 Loan and aggregate exposure category Restructuring Implemented Out of which, position as on 30.06.2024 No. of Account Outstanding No. of Account Outstanding Personal Loans 6250 556 2731 296 Other Exposures 419 1007 151 468 Total 6669 15
Slide 25: Status of NCLT Accounts
Status of NCLT Accounts Accounts Filed Accounts RBI List I RBI List II Filed by Other Total by Bank Bank 3 A/c 2 A/c 2 A/c 51 A/c 58 A/c 207.32 Cr. 228.38 Cr. 120.24 Cr. 1830.88 Cr. 2386.82 Cr. Provision Provision Provision Provision Provision 100% 100% 100% 99.57% 99.67% 24
Slide 26: Treasury Operations
Treasury Operations (Rs. in Crores) Particulars Jun '23 Mar'24 Jun'24 Domestic Investments 49007 50668 45490 • SLR Investments 31512 32216 32014 • Non-SLR Investments 17495 18452 13476 Category Wise Classification • Held to Maturity (HTM) 35088 36309 29749 • Available for Sale (AFS + HFT) 13919 1435
Slide 27: Treasury Operations
Treasury Operations (Rs. in Crores) % to Total Particulars Jun'23 Mar'24 Jun'24 (Jun’24) GROSS INVESTMENTS 49007 50668 45490 SLR INVESTMENTS 31512 32216 32014 70.38% (i) HFT - - 2437 5.36% (ii) AFS 8125 7607 7977 17.54% (iii) HTM 23387 24609 21600 47.48% NON-SLR INVESTMENTS (i) PSU Bonds 2978 3335 3
Slide 28: Capital Adequacy
Capital Adequacy (Rs. in Crores) Regulatory Particulars Period Ended Requirement Jun’23 Mar’24 Jun’24 Amount % Amount % Amount % CET I (Including CCB) 8.00 8233 14.46 9252 14.74 9463 14.80 AT - 1 Tier I (Including CCB) 9.50 8233 14.46 9252 14.74 9463 14.80 Tier II 1552 2.73 1519 2.42 1597 2.50 Capit
Slide 29: Digital Growth
Digital Growth Digital Transactions (remitter) PSB UnIC Registration Digital Transactions (% of (No. in Cr.) UPI Transactions (No. in Cr.) (In Lakhs) Total Transaction) 14.49 91.25 10.69 7.61 5.75 6.71 8.98 85.23 Jun'23 Jun'24 Jun'23 Jun'24 Jun'23 Jun'24 Jun'23 Jun'24 Merchants On boarded UPI QR (In
Slide 30: Shareholding Pattern & Credit Rating
Shareholding Pattern & Credit Rating Shareholding Pattern Particulars As on 0.62% 1.13% 30.06.23 31.03.24 30.06.24 Share Capital 6777.79 Cr 6777.79 Cr 6777.79 Cr No. of Shares 677.78 Cr 677.78 Cr 677.78 Cr 98.25% Net Worth 7212.86 Cr 7835.78 Cr 8654.99 Cr Govt. of India LIC Others Particulars As on
Slide 31: Geographical Presence- Expanding Footprints
Geographical Presence- Expanding Footprints 17 Northern 8 Our Reach 971 60 174 17 121 431 6 164 98 66 1569 27 202 Branches North 1053 Eastern ATM’s 31 Western Central Eastern 40 65 345 102 2000 BCs 24 27 18 9 12 335 Districts Covered 45 34 22 2 2 Southern 55 Total Branches 25 Total ATM opened opened
Slide 32: Financial Inclusion: PMJDY, Atal Pension, Bima Yojna
(In Lacs) PMJDY Accounts Opened Atal Pension Yojna 5.74 24.01 4.71 20.30 Jun'23 Jun'24 Jun'23 Jun'24 Pradhan Mantri Jeevan Jyoti Bima Yojna Pradhan Mantri Suraksha Bima Yojna 8.83 29.49 7.23 24.70 Jun'23 Jun'24 Jun'23 Jun'24 31
Slide 33: New Initiatives & Tie-ups
New Initiatives & Tie-ups PSB on Wheels Partnership with FISDOM (To Offer Mutual Fund & Stock Broking (Mobile ATM) Services) PSB PINK MOU with Indian Army (RuPay Platinum Women Debit Card) (PSB Gaurav Bachat SB Salary) PSB Gaurav Bachat MOU with IIM Amritsar (A salute to the Heroes of our country) (
Slide 34: Future Initiatives
Future Initiatives Cluster Based STP Journey for Space Audit of financing for MSME, Centralized selected Branches Retail/MSME Trade Finance Module Loans Delivery Channel Recruitment of Expansion State of Art Specialist Cadre (Branches/ATM/ Call Centre Staff for various BCs) verticals. 33
Slide 35: Contributing to ESG
Contributing to ESG ₹ Solar & Green Energy: Bank has Sanctioned Rs.88 crore under PM Well Defined Polices: a portfolio of Rs.233 Crore Svanidhi under this segment. • Strong Risk Management Sanctioned Rs.195 crore under Policies Bank has introduced digital & Pradhan Mantri Mudra Yojna (PMMY) • Whistl
Slide 36: Key Parameters – Guidance for FY'25
Key Parameters – Guidance for FY'25 Parameters Actual as on June'24 Guidance for FY'25 Deposit Growth 5.59% 8-10% Advances Growth 9.24% 10-12% Gross NPA 4.72% <4.5% Net NPA 1.59% <1.5% PCR 88.08% 89-90% Recovery & Upgradation 283 Crore > Rs.1000 Crore Credit Cost (0.40%) <1% Slippage Ratio (0.34%) <
Slide 37: 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
Slide 38: Thank You
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