Punjab & Sind Bank Ltd. · NSE:PSB
Punjab & Sind Bank — Q1 FY2024 Earnings Presentation
42 slides from Punjab & Sind Bank's earnings presentation, Aug 5, 2023
Slide 1: Cover letter to stock exchanges: Investor Presentation Q1 FY24
Ref No: PSB/HO/Shares Cell / 42 /2023-24 August 5, 2023 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 (June 2023)
Financial Performance Q1 (June 2023)
Slide 3: Contents
Key Highlights & Business Performance 3-13 Asset Quality 14-18 Financial Performance & Balance Sheet 19-25 Covid Framework & NCLT Status 26-27 Treasury Operations 28 Capital Adequacy 29 Digital Journey & Initiatives 30-33 Shareholding Pattern 33 Geographical Presence, Financial Inclusion & ESG 34-36
Slide 4: Key Highlights (YoY)
Key Highlights (YoY) 11.63% 12.49% 10.43% Total Business Deposit Gross Advances Rs.194525 Cr. Rs.114211 Cr. Rs.80314 Cr. 413 bps 54.78% 143 bps RAM % to Gross Other Income Yield on Advances Advances Rs.178 Cr. 8.45% 53.60% 3
Slide 5: Key Highlights (YoY)
Key Highlights (YoY) 454 bps 48 bps 38.01% Gross NPA PCR Net Worth 6.80% 88.58% Rs.7213 Cr. 19.64% 18.16% 40 bps Core Retail RAM CRAR Advances Rs.43046 Cr. 17.19% Rs.14227 Cr. 4
Slide 6: Key Highlights (QoQ)
Key Highlights (QoQ) 4.15% 10 bps 60 bps Deposit NIM Yield on Advances Rs.114211 Cr. 2.63% 8.45% 17 bps 3 bps 14 bps Gross NPA Slippage Ratio CET-I 6.80% 0.60 14.46% 5
Slide 7: Overall Business mix
Overall Business mix (Rs. in Crores) Total Deposits Total Advances 80,982 80,314 1,14,211 72,727 1,09,665 1,01,534 Jun'22 Mar'23 Jun'23 Jun'22 Mar'23 Jun'23 Particulars Jun’22 Mar’23 Jun’23 QoQ (%) YoY (%) Total Business 174261 190647 194525 2.03 11.63 Total Deposits 101534 109665 114211 4.15 12.49
Slide 8: Liability Franchise
Liability Franchise (Rs. in Crores) CASA Term deposits 78,017 72,832 36,833 67,011 36,194 34,523 Jun'22 Mar'23 Jun'23 Jun'22 Mar'23 Jun'23 Particulars Jun’22 Mar’23 Jun’23 QoQ (%) YoY (%) Current Deposits 3692 4975 4107 (17.45) 11.24 Savings Deposits 30831 31858 32087 0.72 4.07 CASA Deposits 34523 3
Slide 9: Diversified loan book - Advances Mix
Diversified loan book - Advances Mix Advances – Q1 FY'23 (%) Advances – Q1 FY'24 (%) 10903 13038 14227 11200 12040 Retail MSME Corporate 14381 Agri 36746 37268 (Rs. in Crores) % to Gross % to Gross % to Gross Parameters Jun'22 Mar'23 Jun'23 %QoQ % YoY advances advances advances (Jun'22) (Mar'23) (Ju
Slide 10: Retail Lending Portfolio
Retail Lending Portfolio (Rs. in Crores) Home Loan Vehicle Loan Gold loan 1936 853 8351 1,644 7,282 594 Jun'22 Jun'23 Jun'22 Jun'23 Jun'22 Jun'23 9
Slide 11: Advances Breakup of Major Industries / Sectors
Advances Breakup of Major Industries / Sectors (Rs. in Crores) Jun '22 Mar '23 Jun '23 Sector % to Total % to Total % to Total Amount Amount Amount Advances Advances Advances Infrastructure 15625 21.48 15498 19.14 15274 19.02 (Out of Which) Energy 6,299 8.66 5755 7.11 5462 6.80 Telecommunicati 910 1
Slide 12: Rating Profile of NBFCs
Rating Profile of NBFCs (Rs. in Crores) Jun’22 Mar’23 Jun’23 Particulars Amount % to Total Amount % to Total Amount % to Total AAA rated 2541 36.93 7783 58.47 8535 66.47 AA rated 3346 48.63 5070 38.09 3853 30.00 A rated 926 13.46 396 2.97 440 3.43 Total A & above 6813 99.02 13249 99.53 12828 99.90 B
Slide 13: Credit Profile
Credit Profile Credit – External Rating Wise (Above Rs. 5 Cr.) (Rs. in Crores) Jun’22 Mar’23 Jun’23 Particulars Amount % to Total Amount % to Total Amount % to Total AAA rated 4204 12.50 11469 26.27 10466 22.85 AA rated 6954 20.68 7575 17.35 9723 21.23 A rated 3111 9.25 4145 9.50 4634 10.12 BBB rate
Slide 14: Priority Sector Lending
Priority Sector Lending Sl. Particulars Mandated Targets Jun’23 1 Priority Sector % to ANBC 40.00% 51.95% 2 Agriculture - PS % to ANBC 18.00% 20.02% 3 Small and Marginal Farmers (SMF) % to ANBC 10.00% 11.08% 4 Weaker Section % to ANBC 12.00% 12.59% 5 Micro Enterprises (PS) % to ANBC 7.50% 13.81% 13
Slide 15: Asset Quality
Asset Quality (Rs. in Crores) NPAs (%) Gross NPA 8244 11.34 5648 5464 6.97 6.80 2.56 1.84 1.95 Jun'22 Mar'23 Jun'23 Jun'22 Mar'23 Jun'23 Gross NPA Net NPA PCR with TWO (%) Net NPA 1692 88.10 89.06 88.58 1489 1412 Jun'22 Mar'23 Jun'23 Jun'22 Mar'23 Jun'23 14
Slide 16: Asset Quality
Asset Quality (Rs. in Crores) Sector Wise NPA Recovery & Upgradation Jun '22 Mar '23 Jun '23 Particulars Ratio GNPA Ratio (%) GNPA Ratio (%) GNPA 383 (%) 345 Retail 561 4.66 478 2.91 513 2.94 Agri 907 8.32 1027 8.71 1034 9.23 MSME 1869 14.34 1441 9.70 1433 9.97 Corporate 4907 13.35 2702 7.13 2485 6.
Slide 17: Asset Quality
Asset Quality (Rs. in Crores) Slippage ratio (Qtr) Credit cost (Qtr) SMA1 and SMA2 (Qtr) (A/cs with exposure above Rs. 5 Crore) 0.63 0.60 597 0.52 0.08 446 0.04 336 372 62 Jun'22 Mar'23 Jun'23 339 261 310 107 Jun'22 Mar'23 Jun'23 -0.38 SMA 1 SMA 2 Jun'22 Mar'23 Jun'23 16
Slide 18: Asset Quality
Asset Quality (Rs. in Crores) Fresh slippages Asset classification 448 451 80,982 80,314 63 72,727 95 321 3 149 84 52 75,334 74,850 64,483 176 191 231 917 893 984 1,909 5,418 2,893 2,806 90 81 5 Jun'22 Mar'23 1,862 Jun'23 1,674 Jun'22 Mar'23 Jun'23 Retail MSME Standard Doubtful Agri Others Sub-Stand
Slide 19: Movement of NPA
Movement of NPA (Rs in Crore) Quarter Sr. No Particulars Jun’22 Mar’23 Jun’23 1 Gross NPA Opening Balance 8565 6500 5648 2 Cash recoveries 192 562 208 Out of Above Cash recovery Income 3 7 5 28 Booked 4 Up gradations 120 170 122 5 Technical Write off 300 510 329 6 Rebate 37 68 6 7 Total Net Reductio
Slide 20: Operating & Net Profit
Operating & Net Profit (Rs. in Crores) Quarter Ending Variation Particulars Jun’22 Mar’23 Jun’23 QoQ% YoY% Interest Income 1800 2105 2316 10.02 28.67 Interest Expenses 1091 1421 1578 11.05 44.64 Net Interest Income 709 684 738 7.89 4.09 Non Interest Income 115 547 178 (67.46) 54.78 Operating Expense
Slide 21: Total Income
Total Income (Rs. in Crores) Quarter Ending Variation Particulars Jun’22 Mar’23 Jun’23 QoQ% YoY% Interest on Advances 1220 1491 1678 12.54 37.54 Interest on Investments 549 591 616 4.23 12.20 Other Interest Income 31 23 22 (4.35) (29.03) Total Interest Income (a) 1800 2105 2316 10.02 28.67 Core Fee
Slide 22: Total Expenses
Total Expenses (Rs. in Crores) Quarter Ending Variation Particulars Jun’22 Mar’23 Jun’23 QoQ% YoY% Interest on Deposits 1040 1317 1434 8.88 37.88 Interest on Others 51 104 144 38.46 182.35 Total Interest Expenses (a) 1091 1421 1578 11.05 44.64 Establishment Expenses 334 458 452 (1.31) 35.33 Other Op
Slide 23: Provisions
Provisions (Rs. in Crores) Quarter Ending Variation Particulars Jun’22 Mar’23 Jun’23 QoQ% YoY% Operating Profit 252 536 257 (52.05) 1.98 Loan Loss 27 (290) 66 122.76 144.44 Standard Assets (96) 14 (47) - 51.04 NPI 1 122 (2) - - Other Provisions 38 98 6 (93.88) (84.21) Income Tax 78 136 81 (40.44) 3.
Slide 24: Balance Sheet
Balance Sheet (Rs. in Crores) As on Liabilities Jun’22 Mar’23 Jun’23 Capital 6778 6778 6778 Reserve & Surplus 7437 8331 8483 Deposits 101534 109665 114211 Borrowings 6656 9018 8985 Other Liabilities & Provision 2072 2662 2476 Total 124477 136454 140933 As on Liabilities Jun’22 Mar’23 Jun’23 Cash & B
Slide 25: Key Financial Ratios
Key Financial Ratios Yield on Advances (%) Yield on Investment (%) 8.45 7.85 7.02 6.71 6.75 6.51 Jun'22 Mar'23 Jun'23 Jun'22 Mar'23 Jun'23 Cost of Deposit (%) Cost of Fund (%) 5.24 4.90 4.16 5.35 4.98 4.25 Jun'22 Mar'23 Jun'23 Jun'22 Mar'23 Jun'23 24
Slide 26: Key Financial Ratios
Key Financial Ratios Return on Asset (%) Return on Equity (%) Cost to Income Ratio (%) 28.43 69.44 71.91 56.45 15.93 1.33 0.64 8.72 0.43 Jun'22 Mar'23 Jun'23 Jun'22 Mar'23 Jun'23 Jun'22 Mar'23 Jun'23 Book Value of Shares (In Rs.) Business per Employee (Rs. In Lakhs) Business per Branch (Rs. In Lakhs
Slide 27: COVID Resolution Framework
COVID Resolution Framework Resolution Framework 1 (Rs in Crore) Restructuring Implemented Out of which, position as on 30.06.2023 Loan and aggregate exposure category No. of Account Outstanding No. of Account Outstanding Personal Loans 6250 556 3276 354 Other Exposures 419 1007 210 533 Total 6669 15
Slide 28: Status of NCLT
Status of NCLT PCR on NCLT Accounts (Rs in Crore) RBI List I RBI List II Accounts Filed Accounts Filed Total by Bank by Other Bank 3 A/c 1 A/c 1 A/c 52 A/c 57 A/c 242.71 22.73 64.79 3359.22 3689.45 100% 100% 100% 99.76% 99.78% Provision Provision Provision Provision Provision 27
Slide 29: Treasury Operations
Treasury Operations (Rs. in Crores) Particulars Jun '22 Mar '23 Jun '23 Domestic Investments 44154 45464 49007 • SLR Investments 28108 28977 31512 • Non-SLR Investments 16046 16487 17495 Category Wise Classification • Held to Maturity (HTM) 31709 33934 35088 • Available for Sale (AFS + HFT) 12445 11
Slide 30: Capital Adequacy
Capital Adequacy (Rs. in Crores) Jun’22 Mar’23 Jun’23 Regulatory Particulars Requirement Amount % Amount % Amount % CET I (Including 8.00 6515 13.08 7990 14.32 8233 14.46 CCB) AT - 1 Tier I (Including 9.50 6515 13.08 7990 14.32 8233 14.46 CCB) Tier II 1847 3.71 1553 2.78 1552 2.73 Capital Adequacy 1
Slide 31: Digital Journey
Digital Journey Instant online Apply digital Experience saving account Instant virtual loan viz. MSME, Video KYC opening debit card retail, agriculture, etc Account Account Apply Opening Information Loan Validation of Public fund account for EVC management Banking Instant FD/RD E-File your tax by se
Slide 32: Digital Growth
Digital Growth Digital Transactions (In Cr.) UPI Transactions (In Cr.) PSB Unic Registration (In Lakhs) 6.71 8.98 5.75 4.54 5.95 2.26 Jun'22 Jun'23 Jun'22 Jun'23 Jun'22 Jun'23 Merchant Acquired UPI QR UPI Users (In Lakhs) 43590 48480 16.62 12.14 18631 13555 Jun'22 Jun'23 Jun'22 Jun'23 Jun'22 Jun'23
Slide 33: Future Digital Initiatives
Future Digital Initiatives Apply for IPO through ASBA Reward Program SKOCH Award Winner Tap & pay for Silver Category in through BFSI Category Cardless cash mobile withdrawal Online current MeitY Scorecard account opening FY 2022-23 Wearable 1st Position amongst 14 Banking Tab Small & Micro Banks Ba
Slide 34: Shareholding Pattern
Shareholding Pattern Particulars 30.06.22 31.03.23 30.06.23 Share 6777.79 Cr 6777.79 Cr 6777.79 Cr 0.62% 1.13% Capital No. of Shares 677.78 Cr 677.78 Cr 677.78 Cr Net Worth 5226.31 Cr 6785.94 Cr 7212.86 Cr 98.25% Particulars 30.06.22 31.03.23 30.06.23 Govt. of India 98.25 98.25 98.25 Jun’23 LIC 0.62
Slide 35: Geographical Presence- Expanding Footprints
Geographical Presence- Expanding Footprints 17 Northern 7 Our Reach 178 973 59 119 16 431 5 164 98 65 1553 27 200 Branches North 896 Eastern ATM’s 28 Western Central Eastern 40 60 341 96 357 BC 24 14 28 7 12 319 Districts Covered 20 42 33 Southern 2 2 55 Semi- Category Metro Urban Rural 26 urban 25
Slide 36: Financial Inclusion
(In Lacs) PMJDY Accounts opened Atal Pension Yojna 4.52 4.71 20.30 19.30 15.47 3.35 Jun'22 Mar'23 Jun'23 Jun'22 Mar'23` Jun'23 Financial Pradhan Mantri Jeevan Jyoti Bima Yojna Pradhan Mantri Suraksha Bima Yojna Inclusion 7.23 6.56 24.70 21.67 5.14 18.40 Jun'22 Mar'23 Jun'23 Jun'22 Mar'23 Jun'23 35
Slide 37: Contributing to ESG
Contributing to ESG Environment Social Governance • Solar & Green Energy: Bank •Sanctioned Rs. 42.20 crore Well Defined Polices: has a portfolio of Rs. 51.91 under PM Svanidhi Crore under this segment. • Strong Risk Management •Sanctioned Rs. 246.48 crore Policies • Bank has introduced digital under
Slide 38: Initiatives Planned for FY'24
Initiatives Planned for FY'24 Capital Technological Strong focus Collaboration Digital Optimized Upgradation on Recovery for Mutual Transformation Business of Core and Fund Business for Improving Growth. Banking Upgradation Process Platform. Delivery Fintech Capacity Improving Collaboration for Bran
Slide 39: Automation of Process for Operational Efficiency
Automation of Process for Operational Efficiency Fintech Collaboration Roadmap Lead Current Credit Auto Renewal Management Account Underwriting of Loan and Sourcing and Process Accounts and Workflow Retention Improvement STP of Small Management Value Loans Wealth Customer Data Analysis Tab Banking M
Slide 40: Key Parameters – Guidance for FY'24
Key Parameters – Guidance for FY'24 Parameters Actual as on June'23 Guidance for FY'24 Deposit Growth 4.15% 8-10% Advances Growth (0.82%) 13-14% Gross NPA 6.80% <6% Net NPA 1.95% <1.5% PCR 88.58% 89-90% Recovery & Upgradation Rs. 345 Crore >Rs.1500 Crore NIM 2.63% >2.90% Credit Cost 0.08% <1% Slippa
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
Slide 42: Thank You
Our New Corporate Office THANK YOU East Kidwai Nagar, New Delhi