Punjab & Sind Bank Ltd. · NSE:PSB
Punjab & Sind Bank — Q3 FY2024-25 Earnings Presentation
46 slides from Punjab & Sind Bank's earnings presentation, January 2025
Slide 1: Financial Performance Q3 (2024-25) Analyst Presentation
Financial Performance Q3 (2024-25) Analyst Q3 (2024-25) Presentation Analyst Presentation
Slide 2: Key Highlights & Business Performance Financial Performance & Balance Sheet Asset Quality & Key
Key Highlights & Business Performance 3-13 Financial Performance & Balance Sheet 14-17 Asset Quality & Key Financial Ratios 18-25 Covid Framework 26 Treasury Operations 27-28 Capital Adequacy 29 Digital Journey, Shareholding Pattern & Credit Rating 30-32 Geographical Presence, Status of NCLT Account
Slide 3: Key Highlights (Q3-Y-o-Y)
Key Highlights (Q3-Y-o-Y) 10.66% 10.58% Total 7.64% Total Retail Term 14.73% Total Business Deposits Deposits Advances Rs.223267 Cr. Rs.127397 Cr. Rs.53399 Cr. Rs.95870 Cr. 27.06% 147.37% 274 bps Net Interest 74.73% Operating RAM (%) Net Profit Income Profit 54.20% Rs.282 Cr. Rs.939 Cr. Rs.484 Cr. 3
Slide 4: Key Highlights (Q3-Y-o-Y)
Key Highlights (Q3-Y-o-Y) 23 bps Yield on 24 bps Net Interest 42 bps Return on 619 bps Return on Advances Margin Assets Equity 9.14% 2.78% 0.73% 12.42% 187 bps 55 bps 137 bps Provision 1274 bps Cost to Gross Net NPA (%) Coverage Income Ratio NPA (%) 1.25% Ratio 62.10% 3.83% 89.53% 4
Slide 5: Key Highlights (Q3-Q-o-Q)
Key Highlights (Q3-Q-o-Q) 3.82% Total 2.72% Total 5.31% Total 73 bps CASA (%) Business Deposits Advances 31.16% Rs.223267 Cr. Rs.127397 Cr. Rs.95870 Cr. 7.56% 5.68% 17.50% 72 bps Net Interest Operating Cost to Net Profit Income Profit Income Ratio Rs.282 Cr. Rs.939 Cr. Rs 484 Cr. 62.10% 5
Slide 6: Key Highlights (Q3-Q-o-Q)
Key Highlights (Q3-Q-o-Q) 5.98% 39 bps Yield on 8 bps Return on 151 bps Return on RAM Portfolio Advances Assets Equity Rs.51966 Cr. 9.14% 0.73% 12.42% 4.15% 9.66% 97 bps Provision 72.78% Total Recovery Gross NPA Net NPA Coverage & Rs.3676 Cr. Rs.1169 Cr. Ratio Up- gradation 89.53% Rs.565 Cr. 6
Slide 7: Overall Business mix
Overall Business mix (Rs. in crore) Total Business Total Deposits Total Advances 10.58% 7.64% 14.73% YoY YoY YoY 2,23,267 1,27,397 2,15,057 95,870 2,01,914 2,05,374 1,24,025 83,559 85,964 91,032 1,18,355 1,19,410 Dec'23 Mar'24 Sep'24 Dec'24 Dec'23 Mar'24 Sep'24 Dec'24 Dec'23 Mar'24 Sep'24 Dec'24 Par
Slide 8: Liability Franchise
Liability Franchise (Rs. in Crore) CASA Retail Term Deposits CASA & Retail Term Deposits 2.36% 10.66% 6.97% YoY YoY YoY 93,100 87,040 38,785 38,708 37,744 39,701 48,255 49,536 52,239 53,399 Dec'23 Mar'24 Sep'24 Dec'24 Dec'23 Mar'24 Sep'24 Dec'24 Dec'23 Dec'24 Particulars Quarter Ended Variation Dec’
Slide 9: Diversified loan book - Advances Mix
Diversified loan book - Advances Mix Retail* 35.12% Parameters Quarter Ended Advances Mix Variation YoY 20,680 15,305 14% 19% QoQ YoY Dec'23 Mar’24 Sep’24 Dec’24 (%) (%) 18% Dec'23 Dec'24 49% * Including Direct Assignment Advances 83559 85964 91032 95870 5.31 14.73 Dec’23 Agri 7.66% YoY 12,897 Retai
Slide 10: Retail Lending Portfolio
Retail Lending Portfolio (Rs. in Crore) Home Loan* Vehicle Loan Gold loan 40.43 % 2,911 36.92 % 13.75 % YoY YoY YoY 1084 12,452 2,529 11,769 2,249 1,045 2,126 8,867 8,946 983 953 Dec'23 Mar'24 Sep'24 Dec'24 Dec'23 Mar'24 Sep'24 Dec'24 Dec'23 Mar'24 Sep'24 Dec'24 * Including Direct Assignment 10
Slide 11: Advances Breakup of Major Industries / Sectors
Advances Breakup of Major Industries / Sectors (Rs. in Crore) Sector Quarter Ended Dec '23 Mar '24 Sep '24 Dec '24 % to Total % to Total % to Total % to Total Amount Amount Amount Amount Advances Advances Advances Advances Infrastructure 15863 18.98 14882 17.31 13371 14.69 13481 14.06 (Out of Which)
Slide 12: Rating Profile of NBFCs
Rating Profile of NBFCs (Rs. in Crore) Sector Quarter Ended Dec’23 Mar’24 Sep’24 Dec’24 Particulars Amount % to Total Amount % to Total Amount % to Total Amount % to Total AAA rated 8212 66.33 7865 65.73 8072 56.92 7762 53.05 AA rated 3782 30.55 3760 31.43 5565 39.24 6307 43.11 A rated 382 3.09 339
Slide 13: Credit Profile
Credit Profile Credit – External Rating Wise (Above Rs. 5 Cr.) (Rs. in Crore) Particulars Quarter Ended 20.89% Dec’23 Mar’24 Sep’24 Dec’24 8.07% 4.32% 21.28% % to % to % to % to 3.79% Amount Amount Amount Amount Total Total Total Total 10.07% 31.58% AAA rated 10039 21.28 10985 22.02 11372 22.10 1059
Slide 14: Operating & Net Profit
Operating & Net Profit (Rs. in Crore) Particulars Quarter Variation Nine Months Ended Variation Dec’23 Sep’24 Dec’24 QoQ% YoY% Dec’23 Dec’24 YoY% Interest Income 2491 2739 2931 7.01 17.66 7213 8322 15.38 Interest Expenses 1752 1866 1992 6.75 13.70 5061 5660 11.84 Net Interest Income 739 873 939 7.56
Slide 15: Total Income
Total Income (Rs. in Crore) Particulars Quarter Variation Nine Months Ended Variation Dec’23 Sep’24 Dec’24 QoQ% YoY% Dec’23 Dec’24 YoY% Interest on Advances 1784 1898 2104 10.85 17.94 5183 5827 12.43 Interest on Investments 683 799 801 0.25 17.28 1962 2413 22.99 Other Interest Income 24 42 26 (38.10
Slide 16: Total Expenses
Total Expenses (Rs. in Crore) Particulars Quarter Variation Nine Months Ended Variation Dec’23 Sep’24 Dec’24 QoQ% YoY% Dec’23 Dec’24 YoY% Interest on Deposits 1615 1746 1850 5.96 14.55 4661 5265 12.96 Interest on Others 137 120 142 18.33 3.65 400 395 (1.25) Total Interest Expenses (a) 1752 1866 1992
Slide 17: Balance Sheet
Balance Sheet (Rs. in Crore) Liabilities As on Dec’23 Mar’24 Sep’24 Dec’24 Capital 6778 6778 6778 6778 Reserve & Surplus 8459 8756 4799 5007 Deposits 118355 119410 124025 127397 Borrowings 8811 9771 9785 12612 Other Liabilities & Provision 2858 2942 2893 2914 Total 145261 147657 148280 154708 Asset
Slide 18: Asset Quality
Asset Quality (Rs. in Crore) Gross NPA (%) Gross NPA 5.70 5.43 4,759 4,665 3,835 3,676 4.21 3.83 Dec'23 Mar'24 Sep'24 Dec'24 Dec'23 Mar'24 Sep'24 Dec'24 Net NPA (%) Net NPA 1,444 1.80 1,350 1,294 1.63 1,169 1.46 1.25 Dec'23 Mar'24 Sep'24 Dec'24 Dec'23 Mar'24 Sep'24 Dec'24 18
Slide 19: Asset Quality
Asset Quality Sector Wise NPA (Rs. in Crore) Slippage Ratio (%) (Qtr) Particulars Quarter Ended 0.47 Dec’23 Mar’24 Sep’24 Dec’24 0.34 * Ratio Ratio Ratio Ratio NNPA GNPA GNPA GNPA GNPA 0.30 0.28 (%) (%) (%) (%) (%) Retail 500 3.27 568 3.54 397 2.05 369 1.78 0.78 Agri 1122 9.36 1228 9.81 1219 9.27 12
Slide 20: Asset Quality
Asset Quality Provision Coverage Ratio (%) Credit cost (%) (Qtr) SMA1 and SMA2 (Qtr) (Not Annualised) (Rs. in Crore) (A/cs with exposure above Rs. 1 Crore) 0.14 89.53 0.11 0.10 913 808 88.69 88.56 574 Dec'23 Mar'24 Sep'24 Dec'24 513 392 404 435 88.16 206 * Dec'23 Mar'24 Sep'24 Dec'24 % to Gross 0.95
Slide 21: Asset Quality
Asset Quality (Rs. in Crore) Fresh Slippages(Qtr) Asset classification Retail Agri 42 81299 78800 871 57 24 936 35 2849 2839 945 984 Dec'23 Dec'24 Dec'23 Dec'24 Dec’23 Mar’24 MSME Corporate & Others 128 167 73 87197 92194 1 779 857 2618 2510 Dec'23 Dec'24 Dec'23 Dec'24 438 309 Dec’23 Dec’24 Sep’24 D
Slide 22: Movement of NPA
Movement of NPA (Rs in Crore) S.No. Particulars Quarter Nine Months Ended Dec’23 Mar’24 Sep’24 Dec’24 Dec’23 Dec’24 1 Gross NPA Opening Balance 5106 4759 4145 3835 5648 4665 2 Cash recoveries 443 217 170 275 906 516 Out of Above Cash recovery Income 3 46 23 74 134 145 237 Booked 4 Up gradations 185
Slide 23: Key Financial Ratios(Qtr)
Key Financial Ratios(Qtr) Yield on Advances (%) Yield on Investment (%) 9.14 7.06 7.03 8.91 6.97 8.87 8.75 6.84 6.82 8.67 8.66 6.78 Dec'23 Mar'24 Sep'24 Dec'24 Dec'23 Dec'24 Dec'23 Mar'24 Sep'24 Dec'24 Dec'23 Dec'24 (9M) (9M) (9M) (9M) Cost of Deposit (%) Cost of Fund (%) 5.84 5.91 5.74 5.74 5.71 5.
Slide 24: Key Financial Ratios(Qtr)
Key Financial Ratios(Qtr) Net Interest Margin (%) Return on Asset (%) 2.78 2.73 2.71 0.65 0.73 0.63 2.54 2.50 0.38 0.42 2.32 0.31 Dec'23 Mar'24 Sep'24 Dec'24 Dec'23 Dec'24 Dec'23 Mar'24 Sep'24 Dec'24 Dec'23 Dec'24 (9M) (9M) (9M) (9M) Cost to Income Ratio (%) Return on Equity (%) 74.84 69.49 73.16 12
Slide 25: Other Key Parameters(Qtr)
Other Key Parameters(Qtr) Operating Profit (Rs. In Crore) Business per Employee (Rs. In Lakhs) 1,259 2,499 2,386 795 2,335 458 484 277 336 2,275 Dec'23 Mar'24 Sep'24 Dec'24 Dec'23 Dec'24 (9M) (9M) Dec'23 Mar'24 Sep'24 Dec'24 Net Profit (Rs. In Crore) Business per Branch (Rs. In Lakhs) 703 14,021 456
Slide 26: COVID Resolution Framework
COVID Resolution Framework (Rs in Crore) Resolution Framework 1 Restructuring Implemented Out of which, position as on 31.12.2024 Loan and aggregate exposure category No. of Account Outstanding No. of Account Outstanding Personal Loans 6250 556 2557 278 Other Exposures 419 1007 141 241 Total 6669 15
Slide 27: Treasury Operations
Treasury Operations (Rs. in Crore) Particulars Dec'23 Mar'24 Sep'24 Dec'24 Domestic Investments 50987 50668 45741 46881 • SLR Investments 32133 32216 32082 32910 • Non-SLR Investments 18854 18452 13659 13971 Category Wise Classification • Held to Maturity (HTM) 36156 36309 30048 30682 • AFS + FVTPL(
Slide 28: Treasury Operations
Treasury Operations (Rs. in Crore) % to Total Particulars Dec'23 Mar'24 Sep'24 Dec'24 (Dec’24) GROSS INVESTMENTS 50987 50668 45741 46881 SLR INVESTMENTS 32133 32216 32082 32910 70.20% (i) HFT - - 3254 3508 7.48% (ii) AFS 7679 7607 7024 7072 15.09% (iii) HTM 24454 24609 21804 22330 47.63% NON-SLR INV
Slide 29: Capital Adequacy
Capital Adequacy (Rs. in Crore) Regulatory Particulars Period Ended Requirement Dec’23 Mar’24 Sep’24 Dec’24 Amount % Amount % Amount % Amount % CET I (Including 8.00 8455 13.75 9252 14.74 9648 14.55 9716 14.04 CCB) AT - 1 Tier I (Including 9.50 8455 13.75 9252 14.74 9648 14.55 9716 14.04 CCB) Tier I
Slide 30: Digital Growth
Digital Growth DIGITAL UPI PSB UNIC UPI UPI MERCHANTS TRANSAC- TRANSAC- REGISTRA- USERS QR ON BOARD- TIONS TIONS TIONS (IN LAKHS) (IN NO.) ED (%) (IN CR.) (IN LAKHS) (IN NO.) December 88.16 31.17 6.23 19.23 100403 101695 23 December 92.40 51.87 8.82 24.53 163637 165699 24 Growth 424 bps 66.41% 41.57
Slide 31: Expanding Digital Footprints
Expanding Digital Footprints Over 40 lakh Number of Digital 92% of all Debit cards transactions up transactions in the by 57% bank are digital Mobile / POS UPI Internet Banking • 51 Cr Bank • Users up by 27 lakh Customer 31% transactions in transactions in FY • Financial FY 2024-25 till 2024-25.* tr
Slide 32: Shareholding Pattern & Credit Rating
Shareholding Pattern & Credit Rating Shareholding Pattern Particulars As on 31.12.23 31.03.24 30.09.24 31.12.24 98.25% Share Capital (Rs. In Cr.) 6777.79 6777.79 6777.79 6777.79 1.13% No. of Shares (Rs. In Cr.) 677.78 677.78 677.78 677.78 0.62% Net Worth (Rs. In Cr.) 7453.51 7835.78 8920.67 9234.41
Slide 33: Geographical Presence- Expanding Footprints
Geographical Presence- Expanding Footprints 17 Northern 9 Our Reach 968 60 17 122 171 163 431 99 67 6 1584 27 Branches 203 North 1041 Eastern ATM’s 32 Central Eastern Western 40 68 348 106 2000 BCs 24 1 18 27 11 15 351 Districts Covered 34 46 22 Southern 62 3 4 Total Branches 24 Total ATM opened ope
Slide 34: Status of NCLT Accounts
Status of NCLT Accounts Accounts Accounts RBI List I RBI List II Filed Filed by Other Total by Bank Bank 3 A/c 2 A/c 3 A/c 50 A/c 58 A/c 207.32 Cr. 228.38 Cr. 211.45 Cr. 1731.65 Cr. 2378.81 Cr. Provision Provision Provision Provision Provision 100% 100% 100% 99.86% 99.90% 34
Slide 35: Priority Sector Lending
Priority Sector Lending S No. Particulars Mandated Targets Dec’24 1 Priority Sector % to ANBC 40.00% 45.77% 2 Agriculture - PS % to ANBC 18.00% 18.66% 3 Small and Marginal Farmers (SMF) % to ANBC 10.00% 10.53% 4 Weaker Section % to ANBC 12.00% 11.59% 5 Micro Enterprises (PS) % to ANBC 7.50% 11.85% 3
Slide 36: PMJDY Accounts Opened, Atal Pension Yojna, Bima Yojnas
(In Lacs) PMJDY Accounts Opened Atal Pension Yojna 25.92 6.38 5.07 22.18 Dec'23 Dec'24 Dec'23 Dec'24 Pradhan Mantri Jeevan Jyoti Bima Yojna Pradhan Mantri Suraksha Bima Yojna 33.43 26.01 10.13 7.69 Dec'23 Dec'24 Dec'23 Dec'24 36
Slide 37: New Initiatives
New Initiatives Change Home Investment Bulk Fund Sovereign Branch & Advisor (Goal Transfer Based Deposit Slip Gold Bond Primary (NEFT) Account Calculator) EMI E-Statement E-Mandate Form-15 G/H Calculator Registration Daily Forex Authorization through Daily Forex through /De- Rates View & IMPS-UDIR W
Slide 38: Digital Car Loans Launched in Nov 2024
Digital Car Loans Launched in Nov 2024 PSB E Apna Vahan Loans Highlights Paperless with Faster Approval & Omni-channel Customer-centric Minimal Fields sanction Available across touchpoints – Experience Seamless journey With video KYC physical (branches & dealerships) Choose “any car, leading to quic
Slide 39: Digital Home Loans Launched in Nov 2024
Digital Home Loans Launched in Nov 2024 PSB E Apna Ghar Loans Paperless with Minimal Fields Faster Approval & sanction Omni-channel Seamless journey leading to quick with Video KYC Available across touchpoints – physical offer generation online (branches & dealerships) and digital (Bank app & websit
Slide 40: Future-Ready Banking
Future-Ready Banking Investing in advanced technology for customer-centric innovation Strengthening digital and physical channels for seamless financial inclusion Achieving operational excellence through automation, analytics, and cybersecurity Aligned with Compliance, Governance, and the Vision for
Slide 41: Transformational Projects in Progress
Transformational Projects in Progress CASA Back Office NEXT-GEN CONTACT CENTRALISED TRADE CENTRE FINANCE STREAMLINING DEPOSIT AND AI-POWERED FOR SIMPLIFIED CORPORATE ACCOUNT MANAGEMENT PERSONALIZED AND EFFECTIVE BANKING WITH FOCUS ON WORKFLOWS CUSTOMER SUPPORT. EFFICIENCY. DATA WAREHOUSE & FRAUD MON
Slide 42: Collaborations
Collaborations MoU with Assam Rifles for the PSB MoU with Indian Navy for Defense Launched e-Bank Guarantee (e-BG) Gaurav Bachat CAPF Salary Package Salary Package in partnership with National e- Governance Service Ltd (NeSL) 42
Slide 43: ESG Initiatives
ESG Initiatives Environment Social Governance • For Sustainability, Bank has Climate Risk & • Bank has organized 71 camps and trained 828 • Well defined Board level Committee & Green Deposit Policy. participants in different RSETIs during Q3. Training Policies are in place for better Control and imp
Slide 44: Key Parameters – Guidance for FY'25
Key Parameters – Guidance for FY'25 Parameters Actual as on Dec'24 Guidance for FY'25 Deposit Growth 7.64% 8-10% Advances Growth 14.73% 10-12% RAM % to Total Advances 54.20% >56% Gross NPA 3.83% <4.5% Net NPA 1.25% <1.5% PCR 89.53% 89-90% Recovery & Upgradation Rs.944 Crore > Rs.1000 Crore Credit Co
Slide 45: 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 46: THANK YOU
THANK YOU Loan in 3 Clicks Co-Branded Credit Card Enjoy our seamless Mobile Banking through
Punjab & Sind Bank — Q3 FY2024-25 Earnings Presentation on 6ix