Punjab & Sind Bank Ltd. · NSE:PSB

Punjab & Sind Bank — Q3 FY2023-24 Earnings Presentation

39 slides from Punjab & Sind Bank's earnings presentation, Jan 31, 2024

  1. Slide 1: Exchange filing cover letter

    Ref No: PSB/HO/Shares Cell / 81 /2023-24 January 31, 2024 To, BSE Limited, National Stock Exchange of India Ltd., Department of Corporate Services, Exchange Plaza, C – 1, Block – G, th 25 floor, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Bandra (East), Dalal Street, Fort, Mumbai – 400 051. Mum

  2. Slide 2: Financial Performance Q3 (FY 2023-24) Analyst Presentation

    Financial Performance Total Business Crosses Rs.2,00,000 Cr. Q3 (FY 2023-24) Analyst Presentation

  3. Slide 3: Key Highlights & Business Performance Asset Quality Financial Performance & Balance Sheet

    Key Highlights & Business Performance 3-13 Asset Quality 14-18 Financial Performance & Balance Sheet 19-24 Covid Framework & NCLT Status 25-26 Treasury Operations 27-28 Capital Adequacy 29 Digital Journey & Initiatives 30-31 Shareholding Pattern 32 Geographical Presence, Financial Inclusion 33-34 ES

  4. Slide 4: Key Highlights (QoQ)

    Key Highlights (QoQ) 158 bps 21 bps 35.07% 59.60% Non Interest Recovery & CASA (%) NIM Income Up-gradation 32.77 2.54% Rs.362 Cr. Rs.948 Cr. 6.54% 9.48% 29 bps 53 bps Operating Net Interest Yield on Gross NPA Profit Income Advances 5.70% Rs.277 Cr. Rs.739 Cr. 8.91% 3

  5. Slide 5: Key Highlights (YoY)

    Key Highlights (YoY) 7.84% 7.48% 12.84% 11.80% Total MSME Business Advances RAM Advances Rs.201914 Cr. Rs.83559 Cr. Rs.43001 Cr. Rs.15717 Cr. 8.09% 15.54% 8.98% 56 bps Retail Retail Term Deposits CRAR Advances Deposits Rs.118355 Cr. 16.13% Rs.15305 Cr. Rs.48255 Cr. 4

  6. Slide 6: Key Highlights (YoY)

    Key Highlights (YoY) 35.29% 20 bps 22 bps 5.56% Core Fee Yield on Business Per Income Net NPA Branch Investment Rs.115 Cr. 1.80% Rs.12935 6.84% Lacs 79 bps 266 bps 6.17% 9.17% Yield on Fresh Business Per Gross NPA Advances Slippage Employee 5.70% 8.91% Rs.228 Cr. Rs. 2275 Lacs 5

  7. Slide 7: Overall Business mix

    Overall Business mix (Rs. in crores) Total Deposits Total Advances 118,355 8.09% 83,559 7.48% 77,745 80,982 81,906 116,481 YoY YoY 109,497 109,665 Average Average Deposits Advances 10.10% 13.28% YoY YoY Dec'22 Mar'23 Sep'23 Dec'23 Dec'22 Mar'23 Sep'23 Dec'23 Particulars Period Ended Variation Dec’22

  8. Slide 8: Liability Franchise

    Liability Franchise (Rs. in Crores) CASA Retail Term Deposits (Below 2 Cr.) 6.38% 8.98% YoY YoY 44,278 45,849 47,951 48,255 36,460 36,833 36,327 38,785 Dec'22 Mar'23 Sep'23 Dec'23 Dec'22 Mar'23 Sep'23 Dec'23 Particulars Period Ended Variation Dec’22 Mar’23 Sep’23 Dec’23 QoQ (%) YoY (%) Current Depos

  9. Slide 9: Diversified loan book - Advances Mix

    Diversified loan book - Advances Mix (Rs. in Crores) Retail 15.54% Parameters Period Ended Variation 15,305 YoY 13,247 Dec'22 Mar'23 Sep’23 Dec’23 QoQ (%) YoY (%) Dec'22 Dec'23 Advances 77745 80982 81906 83559 2.02 7.48 6.12% Out of Which Agri YoY 11,979 11,288 Retail 13247 13947 14881 15305 2.85 15

  10. Slide 10: Core Retail Lending Portfolio

    Core Retail Lending Portfolio (Rs. in Crores) Home Loan Vehicle Loan Gold loan 13.48% 19.77% 939 953 35.95% 8,867 YoY 2,126 YoY YoY 8,680 774 701 2,008 8,188 1,868 1,775 7,814 Dec'22 Mar'23 Sep'23 Dec'23 Dec'22 Mar'23 Sep'23 Dec'23 Dec'22 Mar'23 Sep'23 Dec'23 9

  11. Slide 11: Advances Breakup of Major Industries / Sectors

    Advances Breakup of Major Industries / Sectors (Rs. in Crores) Sector Period Ended Dec '22 Mar '23 Sep '23 Dec '23 % to Total % to Total % to Total % to Total Amount Amount Amount Amount Advances Advances Advances Advances Infrastructure 14215 18.28 15498 19.14 16706 20.40 15863 18.98 (Out of Which)

  12. Slide 12: Rating Profile of NBFCs

    Rating Profile of NBFCs (Rs. in Crores) Sector Period Ended Dec’22 Mar’23 Sep’23 Dec’23 Particulars % to Amount Amount % to Total Amount % to Total Amount % to Total Total AAA rated 6002 61.10 7783 58.47 6943 64.75 8212 66.33 AA rated 3360 34.20 5070 38.09 3283 30.62 3782 30.55 A rated 412 4.19 396

  13. Slide 13: Credit Profile

    Credit Profile Credit – External Rating Wise (Above Rs. 5 Cr.) (Rs. in Crores) Particulars Period Ended Dec’22 Mar’23 Sep’23 Dec’23 Amount % to Total Amount % to Total Amount % to Total Amount % to Total AAA rated 9229 23.13 11469 26.27 9001 19.57 10039 21.28 AA rated 7060 17.70 7575 17.35 9414 20.4

  14. Slide 14: Priority Sector Lending

    Priority Sector Lending S No. Particulars Mandated Targets Dec’23 1 Priority Sector % to ANBC 40.00% 44.01% 2 Agriculture - PS % to ANBC 18.00% 16.87% 3 Small and Marginal Farmers (SMF) % to ANBC 10.00% 9.27% 4 Weaker Section % to ANBC 12.00% 10.42% 5 Micro Enterprises (PS) % to ANBC 7.50% 12.13% 13

  15. Slide 15: Asset Quality

    Asset Quality (Rs. in Crores) Gross NPA (%) Gross NPA 6,500 8.36 5,648 6.97 5,106 4,759 6.23 5.70 Dec'22 Mar'23 Sep'23 Dec'23 Dec'22 Mar'23 Sep'23 Dec'23 Net NPA (%) Net NPA 2.02 1,469 1,473 1,444 1.88 1.84 1.80 1,412 Dec'22 Mar'23 Sep'23 Dec'23 Dec'22 Mar'23 Sep'23 Dec'23 14

  16. Slide 16: Asset Quality

    Asset Quality (Rs. in Crores) Sector Wise NPA Recovery & Upgradation (Qtr) Particulars Period Ended 1,153 Dec’22 Mar’23 Sep’23 Dec’23 948 Particulars Ratio Ratio Ratio Ratio GNPA GNPA GNPA GNPA (%) (%) (%) (%) 596 594 Retail 496 3.74 478 3.43 500 3.36 500 3.27 Agri 844 7.48 1027 8.71 1125 9.54 1122

  17. Slide 17: Asset Quality

    Asset Quality (Rs. in Crores) Slippage ratio (Qtr) Credit cost (Qtr) (Not Annualised) SMA1 and SMA2 (Qtr) (A/cs with exposure above Rs. 5 Crore) 0.63 -0.05 0.45 0.36 44 0.30 305 222 339 407 -0.38 -0.38 249 201 201 -0.40 107 Dec'22 Mar'23 Sep'23 Dec'23 SMA 1 SMA 2 Dec'22 Mar'23 Sep'23 Dec'23 16

  18. Slide 18: Asset Quality

    Asset Quality (Rs. in Crores) Fresh slippages(Qtr) Asset classification 2726 2936 1862 2893 448 893 5 838 149 340 16 75334 243 118 228 71245 2 1 231 Dec’22 Mar’23 138 128 2839 144 1259 2919 984 928 936 36 42 67 63 62 57 Dec'22 Mar'23 Sep'23 Dec'23 76800 78800 Retail MSME Agri Others Sep’23 Dec’23 St

  19. Slide 19: Movement of NPA

    Movement of NPA (Rs in Crore) S.No. Particulars Quarter Nine Months Ended Dec’22 Mar’23 Sep’23 Dec’23 Dec’22 Dec’23 1 Gross NPA Opening Balance 7128 6500 5464 5106 8565 5648 2 Cash recoveries 428 562 290 443 846 906 Out of Above Cash recovery Income 3 32 5 71 46 69 145 Booked 4 Up gradations 150 170

  20. Slide 20: Operating & Net Profit

    Operating & Net Profit (Rs. in Crores) Particulars Quarter Variation Nine Months Ended Variation Dec’22 Sep’23 Dec’23 QoQ% YoY% Dec’22 Dec’23 YoY% Interest Income 2107 2406 2491 3.53 18.22 5888 7213 22.50 Interest Expenses 1302 1731 1752 1.21 34.56 3598 5061 40.66 Net Interest Income 805 675 739 9.4

  21. Slide 21: Total Income

    Total Income (Rs. in Crores) Particulars Quarter Variation Nine Months Ended Variation Dec’22 Sep’23 Dec’23 QoQ% YoY% Dec’22 Dec’23 YoY% Interest on Advances 1434 1721 1784 3.66 24.41 4011 5183 29.22 Interest on Investments 621 663 683 3.02 9.98 1768 1962 10.97 Other Interest Income 52 22 24 9.09 (5

  22. Slide 22: Total Expenses

    Total Expenses (Rs. in Crores) Particulars Quarter Variation Nine Months Ended Variation Dec’22 Sep’23 Dec’23 QoQ% YoY% Dec’22 Dec’23 YoY% Interest on Deposits 1215 1612 1615 0.19 32.92 3400 4661 37.09 Interest on Others 87 119 136 14.29 56.32 198 400 102.02 Total Interest Expenses (a) 1302 1731 175

  23. Slide 23: Balance Sheet

    Balance Sheet (Rs. in Crores) Liabilities As on Dec’22 Mar’23 Sep’23 Dec’23 Capital 6778 6778 6778 6778 Reserve & Surplus 7874 8331 8345 8459 Deposits 109497 109665 116481 118355 Borrowings 8780 9018 7956 8811 Other Liabilities & Provision 2310 2662 2594 2858 Total 135239 136454 142154 145261 Asset

  24. Slide 24: Key Financial Ratios(Qtr)

    Key Financial Ratios(Qtr) Yield on Advances (%) Yield on Investment (%) 8.91 6.84 8.62 6.76 8.12 6.64 7.85 6.51 Dec'22 Mar'23 Sep'23 Dec'23 Dec'22 Mar'23 Sep'23 Dec'23 Cost of Deposit (%) Cost of Fund (%) 5.67 5.71 5.63 4.75 4.98 5.60 4.66 4.90 Dec'22 Mar'23 Sep'23 Dec'23 Dec'22 Mar'23 Sep'23 Dec'23

  25. Slide 25: Key Financial Ratios(Qtr)

    Key Financial Ratios(Qtr) Return on Asset (%) Return on Equity (%) Cost to Income Ratio (%) 1.33 28.43 74.84 26.09 72.40 1.11 63.47 56.45 0.52 10.47 0.31 6.23 Dec'22 Mar'23 Sep'23 Dec'23 Dec'22 Mar'23 Sep'23 Dec'23 Dec'22 Mar'23 Sep'23 Dec'23 NIM (%) Business per Employee (Rs. In Lakhs) Business per

  26. Slide 26: 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 31.12.2023 No. of Account Outstanding No. of Account Outstanding Personal Loans 6250 556 2953 324.65 Other Exposures 419 1007 190 494.69 Total 6

  27. Slide 27: Status of NCLT

    Status of NCLT PCR on NCLT Accounts Accounts Accounts Filed Filed by Other Total Total RBI List I RBI List II by Bank Bank 3 A/c 1 A/c 1 A/c 52 A/c 57 A/c 207.52 Cr. 22.73 Cr. 64.79 Cr. 2648.06 Cr. 2943.10 Cr. 100% 100% 100% 99.75% 99.78% Provision Provision Provision Provision Provision 26

  28. Slide 28: Treasury Operations

    Treasury Operations (Rs. in Crores) Particulars Dec '22 Mar '23 Sep’23 Dec'23 Domestic Investments 46758 45464 49416 50987 • SLR Investments 30072 28977 31795 32133 • Non-SLR Investments 16686 16487 17621 18854 Category Wise Classification • Held to Maturity (HTM) 34364 33934 35387 36156 • Available

  29. Slide 29: Treasury Operations

    Treasury Operations (Rs. in Crores) % to Total Particulars Dec'22 Mar'23 Sep'23 Dec '23 (Dec’23) GROSS INVESTMENTS 46758 45464 49416 50987 SLR INVESTMENTS 30072 28977 31795 32133 63.02 (i) HFT - - - - - (ii) AFS 7536 6754 8110 7679 15.06 (iii) HTM 22536 22223 23685 24454 47.96 NON-SLR INVESTMENTS (i

  30. Slide 30: Capital Adequacy

    Capital Adequacy (Rs. in Crores) Regulatory Particulars Period Ended Requirement Dec’22 Mar’23 Sep’23 Dec’23 Amount % Amount % Amount % Amount % CET I (Including 8.00 6930 12.79 7990 14.32 8396 14.53 8455 13.75 CCB) AT - 1 - - - - - - - - Tier I (Including 9.50 6930 12.79 7990 14.32 8396 14.53 8455

  31. Slide 31: Digital Growth

    Digital Growth Digital Transactions (%) UPI Transactions (In Cr.) PSB Unic Registration (In Lakhs) 87.65 6.72 7.45% 11.34 53.24% % 78.25% YoY 7.40 YoY YoY 3.77 81.57 Dec'22 Dec'23 Dec'22 Dec'23 Dec'22 Dec'23 Merchants Acquired UPI QR UPI Users (In Lakhs) 105,727 100,403 19.22 220.89% 276.10% 14.22 3

  32. Slide 32: Initiatives on Customer Centricity

    Initiatives on Customer Centricity Customer Centric Topmost Improver 2nd Rank in the Upgradation of Core Initiatives Award under EASE theme Banking Solution implemented for 5.0 ‘Collaborative and from Finacle 7.025 various value Development to 10.2.25 added services at Focused Banking’ Non-Home unde

  33. Slide 33: Shareholding Pattern

    Shareholding Pattern Particulars As on 0.62% 1.13% 31.12.22 31.03.23 30.09.23 31.12.23 Share 6777.79Cr 6777.79 Cr 6777.79 Cr 6777.79 Cr Capital No. of Shares 677.78Cr 677.78 Cr 677.78 Cr 677.78 Cr Net Worth 6071.41Cr. 6785.94 Cr 7231.20 Cr 7453.51 Cr 98.25% Particulars As on 31.12.22 31.03.23 30.09.

  34. Slide 34: Geographical Presence- Expanding Footprints

    Geographical Presence- Expanding Footprints 17 Northern 7 Our Reach 973 60 177 16 118 431 6 164 98 65 1561 27 201 Branches North Eastern 937 ATM’s 29 Western Central Eastern 40 63 341 100 1108 BC 24 27 17 8 12 327 Districts Covered 44 34 21 Southern 2 2 55 Semi- Category Metro Urban Rural 25 urban 2

  35. Slide 35: Financial inclusion schemes

    (In Lacs) PMJDY Accounts Opened Atal Pension Yojna 21.31 22.18 18.42 19.30 4.78 5.07 4.52 4.12 Dec'22 Mar'23 Sep'23 Dec'23 Dec'22 Mar'23` Sep'23 Dec'23 Pradhan Mantri Jeevan Jyoti Bima Yojna Pradhan Mantri Suraksha Bima Yojna 7.54 7.69 25.64 26.01 6.09 6.56 21.67 20.78 Dec'22 Mar'23 Sep'23 Dec'23 De

  36. Slide 36: Contributing to ESG

    Contributing to ESG Environment Social Governance . Solar & Green Energy: . Sanctioned Rs.79.05 crore Bank has a portfolio of under PM Svanidhi Rs.126.69 Crore under this . Sanctioned Rs.916.73 crore Well Defined Polices: segment. under Pradhan Mantri Mudra • Strong Risk Management Policies Yojna (P

  37. Slide 37: Our Products

    St efor ef st ero asia us fae ae Punjab & Sind Bank PSB MORTGAGE LOAN PSB VYAPAR LOAN (A MSME Loan Product)

  38. Slide 38: 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

  39. Slide 39: Thank You

    Our New Corporate Office THANK YOU East Kidwai Nagar, New Delhi

Punjab & Sind Bank — Q3 FY2023-24 Earnings Presentation on 6ix