Punjab & Sind Bank Ltd. · NSE:PSB
Punjab & Sind Bank — Q1 FY2022-23 Earnings Presentation
45 slides from Punjab & Sind Bank's earnings presentation, Jun 30, 2022
Slide 1: Cover letter to stock exchanges on investor presentation
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Slide 2: Q1 FY 2022-23 Analyst Presentation
पंजाब एंड संध बक Punjab & Sind Bank (A Government of India Undertaking) Q1 FY 2022-23 Analyst Presentation PSB – where service is a way of life…. www.punjabandsindbank.co.in 1
Slide 3: Key Highlights & Business Performance, Investment, Financial Performance
Key Highlights & Business Performance 3-13 Investment 14-15 Financial Performance 16-21 Key Financial Ratios & Balance Sheet 22-26 Asset Quality 27-36 Capital and Shareholding Pattern 37 Digitization 38 Geographical Presence & Financial Inclusion 39-40 Environmental, Social, Governance [ESG] 41 Guid
Slide 4: Key Highlights
Key Highlights 7.06% 3.10% 265 bps Y-o-Y Y-o-Y Y-o-Y Business Gross Advances Deposit CD Ratio Rs.72,727 Cr. Rs.101534 Cr. 71.63% 17.82% 22.45% 42 bps Y-o-Y Profitability Y-o-Y Y-o-Y Net Profit Net Interest Income NIM Rs.205 Cr. Rs. 709 Cr. 2.92% . 199 bps 105 bps 388 bps Asset Quality Y-o-Y Y-o-Y Y-
Slide 5: Key Highlights: Deposit, RAM and Ratios
Key Highlights 12.58% 7.14% 11.97% Y-o-Y Y-o-Y Y-o-Y Deposit Savings Deposit Current Deposit CASA Deposit Rs. 30831Cr. Rs.3692 Cr. Rs.34523 Cr. 17.99% 12.29% 17.09% Y-o-Y Y-o-Y Y-o-Y Agriculture MSME RAM Retail Rs. 12040 Cr. Rs. 10903 Cr. Rs.13038 Cr. 5 bps 279 bps 70 bps Y-o-Y Y-o-Y Y-o-Y Ratios RO
Slide 6: Business Performance
Business Performance (Rs in Crore) Parameters Jun’21 Mar’22 Jun’22 QoQ (%) YoY (%) Total 166411 172524 174261 1.01 4.72 Business Total 98478 102137 101534 (0.59) 3.10 Deposits Total 67933 70387 72727 3.32 7.06 Advances CD Ratio 68.98 68.91 71.63 272 bps 265 bps Total Deposits Total Advances 101534 7
Slide 7: CASA
CASA (Rs in Crore) Parameters Jun’21 Mar’22 Jun’22 QOQ (%) YOY (%) Current Deposits 3446 4153 3692 (11.10) 7.14 Savings Deposits 27386 30375 30831 1.50 12.58 CASA Deposits 30832 34528 34523 (0.01) 11.97 CASA (%) to Total 31.31 33.81 34.00 19 bps 269 bps Deposits Current Deposits Savings Deposit 3692
Slide 8: Composition of Advances
Composition of Advances (Rs in Crore) % to % to Y-o-Y Gross Gross Particulars Jun’21 Mar’22 Jun’22 Advances Advances (Jun’21) (Jun’22) Amt % RAM 31049 35692 35981 4932 15.88 45.71 49.47 Corporate Advances 36884 34695 36746 (138) (0.37) 54.29 50.53 Total 67933 70387 72727 4794 7.06 RAM RAM (% to Tota
Slide 9: RAM Advances
RAM Advances (Rs in Crore) YoY Particulars Jun’21 Mar’22 Jun’22 Amt % RAM 31049 35692 35981 4932 15.88 • Retail 10204 11737 12040 1836 17.99 • Agriculture 9710 10934 10903 1193 12.29 • MSME 11135 13021 13038 1903 17.09 Retail Agriculture MSME 10903 12040 13038 10204 9710 11135 Jun'21 Jun'22 Jun'21 J
Slide 10: Core Retail Lending Products
Core Retail Lending Products (Rs in Crore) Housing Loan Vehicle Loan Personal Loan 299 7282 1644 1306 201 6675 Jun'21 Jun'22 Jun'21 Jun'22 Jun'21 Jun'22 Gold Loan CIBIL Score Wise data of Retail Loans 594 14.84% 2.71% 229 13.23% 69.22% Jun'21 Jun'22 Above 731 690-731 upto 689 -1 9
Slide 11: Performance under Priority Sector
Performance under Priority Sector (Rs in Crore) Priority Small/Margin Weaker Micro under Non Sector Agriculture al Farmers Section MSME Corporate Farmers Mandatory Target 40 18 9.50 11.50 7.50 12.73 (% to ANBC) % 48.86 18.93 10.41 12.60 12.03 16.17 As on 30.06.22 Amount 31348 12147 6680 8085 7720 10
Slide 12: MSME Performance
MSME Performance (Rs in Crore) Segment Mix Performance under GECL Facility Particular Jun’22 Amount Sanctioned 1945 13.51% 12.60% Amount Disbursed 1831 24.62% 28.18% Stand up India (as on 30.06.22) (Since Inception) 61.87% 59.22% Target 3046 Achievement 2338 Jun'21 Jun'22 Achievement (%) 76.76 Micro
Slide 13: Credit - External Rating Wise (Above Rs. 5 Cr.)
Credit - External Rating Wise (Above Rs. 5 Cr.) (Rs in Crore) Jun’21 Mar’22 Jun’22 Particulars Amount % to Total Amount % to Total Amount % to Total AAA rated 3659 10.75 3354 10.30 4204 12.50 AA rated 4871 14.31 6369 19.55 6954 20.68 A rated 4100 12.04 3927 12.05 3111 9.25 BBB Rated 3220 9.46 1798 5
Slide 14: Industry wise Outstanding
Industry wise Outstanding (Rs in Crore) Jun’21 Mar’22 Jun’22 Sector % to Total % to Total % to Total Amount Amount Amount Advances Advances Advances Infrastructure 15,478 41.96 15,969 46.03 15,625 42.52 (Out of Which) Energy 5,307 14.39 6,575 18.95 6,299 17.14 Tele 963 2.61 991 2.86 910 2.48 Communi
Slide 15: Investments
Investments (Rs in Crore) % to Total Particulars Jun 21 Mar 22 Jun 22 (Jun 22) GROSS INVESTMENTS 36372 42766 44154 100.00 SLR INVESTMENTS i) Treasury Bills 1018 659 1630 5.80 ii) CG securities 14282 13935 13995 49.79 iii) State Govt. Securities 9416 12479 12483 44.41 iv) Other Approved Securities 1
Slide 16: Investments
Investments % of SLR & Non-SLR in Domestic Investments 63% 64% 68% 32% 37% 36% Jun-21 Mar-22 June- 22 NON-SLR SLR Modified Duration of Trading Book (AFS+HFT) 3.04 2.92 2.69 Jun'21 Mar'22 Jun'22 15
Slide 17: Interest Income
Interest Income (Rs in Crore) Quarter Variation Particulars Jun’21 Mar’22 Jun’22 QoQ% YoY% Interest Income 1690 1793 1800 0.39 6.51 (a+b+c) a) Advances 1167 1193 1220 2.26 4.54 b) Investments 476 546 549 0.55 15.34 c) Others 47 54 31 (42.59) (34.04) 16
Slide 18: Non Interest Income
Non Interest Income (Rs in Crore) Quarter Variation Particulars Jun’21 Mar’22 Jun’22 QoQ% YoY% Comm. Exchange, Brokerage 24 25 23 (8.00) (4.17) Exchange Earned on Forex 15 16 11 (31.25) (26.67) Loan Processing Fee 14 32 17 (46.88) 21.43 Other Income 29 60 50 (16.67) 72.41 Core Fee Based Income (A) 8
Slide 19: Total Expenditure
Total Expenditure (Rs in Crore) Quarter Variation Particulars Jun’21 Mar’22 Jun’22 QoQ% YoY% Total Expenses 1629 1691 1663 (1.66) 2.09 Interest Expenses 1111 1096 1091 (0.46) (1.80) - Deposits 1047 1042 1040 (0.19) (0.67) - Others 64 54 51 (5.56) (20.31) Operating Expenses 517 595 572 (3.87) 10.64 -
Slide 20: Operating Profit
Operating Profit (Rs in Crore) Quarter Variation Particulars Jun’21 Mar’22 Jun’22 QoQ% YoY% Interest Income 1690 1793 1800 0.39 6.51 Interest Expenses 1111 1096 1091 (0.46) (1.80) Net Interest Income 579 697 709 1.72 22.45 Non Interest Income 318 215 115 (46.51) (63.84) Operating Expenses 517 595 57
Slide 21: Net Profit
Net Profit (Rs in Crore) Quarter Variation Particulars- Jun’21 Mar’22 Jun’22 QoQ% YoY% Operating Profit 380 317 252 (20.50) (33.68) Provision for NPA (23) 9 27 - - Provision on Restructured Adv. (47) (1) (1) - 97.87 Standard Assets 88 (196) (96) 51.02 - Provision for NPI (7) 59 1 (98.31) - Others Pr
Slide 22: Highlights - Financial Performance
Highlights - Financial Performance Interest Income (Rs. in Crore) Net Interest Income (NII) (Rs. in Crore) 1800 709 579 1690 Jun'21 Jun'22 Jun'21 Jun'22 Net Profit (Rs. In Crore) Net Interest Margin (NIM) (%) 205 2.92 174 2.50 Jun'21 Jun'22 Jun'21 Jun'22 21
Slide 23: Key Financial Ratios (QoQ)
Key Financial Ratios (QoQ) Cost of Deposits (%) Cost of Funds (%) 4.42 3.74 3.48 3.41 4.17 4.16 Jun'21 Mar'22 Jun'22 Jun'21 Mar'22 Jun'22 Yield on Advances (%) Yield on Funds (%) 7.08 7.13 7.02 5.69 5.69 5.63 Jun'21 Mar'22 Jun'22 Jun'21 Mar'22 Jun'22 . * Ratios have been Annualised. 22
Slide 24: Key Financial Ratios (QoQ)
Key Financial Ratios (QoQ) Yield on Investments 6.74 6.71 6.49 Jun'21 Mar'22 Jun'22 Return on Asset (%) Return on Equity (%) (Annualized) (Annualized) 1.10 5 bps 279 bps 25.84 YoY YoY 0.59 0.64 15.93 13.14 Jun'21 Mar'22 Jun'22 Jun'21 Mar'22 Jun'22 * Ratios have been Annualised. 23
Slide 25: Productivity Ratio
Productivity Ratio (Rs. in Lacs) Business per Employee Business per Branch 1941 11419 1913 10869 Jun'21 Jun'22 Jun'21 Jun'22 Net Profit per Branch Net Profit per Employee 13.41 9.13 8.01 11.36 Jun'21 Jun'22 Jun'21 Jun'22 24
Slide 26: Key Financial Ratios (QoQ)
Key Financial Ratios (QoQ) Quarter Particulars Jun’21 Mar’22 Jun’22 Cost to Income Ratio 57.68 65.19 69.44 Earning Per Share (Rs.) 1.72 3.39 1.21 Book Value (Rs.) 13.48 7.45 7.71 25
Slide 27: Balance Sheet
Balance Sheet (Rs in Crore) As on Liabilities Jun’21 Mar’22 Jun’22 Capital 4053 6778 6778 Reserve & Surplus 4484 7233 7437 Deposits 98478 102137 101534 Borrowings 2644 2444 6656 Other Liabilities & Provision 3008 2476 2072 Total 112667 121068 124477 Assets Cash & Balance with RBI 5759 6139 5633 Bal.
Slide 28: Highlights - Asset Quality
Highlights - Asset Quality GROSS NPA AS % OF GROSS ADVANCES NET NPA AS % OF NET ADVANCES 13.33 12.17 3.61 11.34 2.74 2.56 9055 2207 1742 8565 1692 8244 Jun'21 Mar'22 Jun'22 Jun'21 Mar'22 Jun'22 PCR WITH TWO(%) PCR WITHOUT TWO(%) 79.66 79.48 87.89 88.10 75.63 84.22 Jun'21 Mar'22 Jun'22 Jun'21 Mar'22
Slide 29: Movement of NPA
Movement of NPA (Rs in Crore) Quarter Sr. No Particulars Jun’21 Mar’22 Jun’22 1 Gross NPA Opening Balance 9334 9636 8565 2 Cash recoveries 194 305 192 Out of Above Cash recovery Income 3 45 16 7 Booked 4 Up gradations 540 120 120 5 Write off/ Rebate 33 1095 337 6 Total Net Reductions(2+4+5-3) 722 15
Slide 30: Fresh Slippages (QoQ)
Fresh Slippages (QoQ) (Rs. in Crore) 443 433 321 Jun'21 Mar'22 Jun'22 Particulars Jun’21 Mar’22 Jun’22 Retail 55 69 90 Agriculture 38 197 52 MSME 209 135 176 Corporate 140 32 3 Total 443 433 321 29
Slide 31: Key Financial Ratios (QoQ)
Key Financial Ratios (QoQ) Credit Cost (%) 0.04* 0.01 Jun'21 Mar'22 Jun'22 -0.03 Slippage Ratio (%) 0.76 0.76 0.52 Jun'21 Mar'22 Jun'22 * Bank has made an additional provision to the tune of Rs. 141.96 crore in 05 NPA borrower accounts during the quarter ended 30th June 2022. 30
Slide 32: Sector wise NPA
Sector wise NPA (Rs in Crore) Jun’21 Mar’22 Jun’22 Sector NPA % to NPA % Advance NPA % Advance NPA Advance NPA NPA Adv to Adv to Adv 10204 659 6.46 11737 597 5.09 12040 561 4.66 Retail 9710 839 8.64 10934 944 8.63 10903 907 8.32 Agriculture 11135 2088 18.75 13021 1821 13.99 13038 1869 14.34 MSME Cor
Slide 33: Retail NPA
Retail NPA (Rs in Crore) Jun’21 Mar’22 Jun’22 Sector NPA % to NPA % NPA % Advance NPA Advance NPA Advance NPA Adv to Adv to Adv Housing 6675 516 7.73 7159 432 6.03 7282 388 5.33 Vehicle 1306 90 6.89 1614 79 4.89 1644 79 4.81 Personal 201 7 3.48 291 6 2.06 299 6 2.01 Gold 229 2 0.87 517 1 0.19 594 5
Slide 34: Asset Classification
Asset Classification (Rs in Crore) 5418 1909 Particulars Jun’21 Mar’22 Jun’22 917 Standard 58878 61822 64483 Sub – Standard 1354 833 917 Jun’22 Doubtful 4626 5569 5418 Loss 3075 2163 1909 64483 Standard Total Advances 67933 70387 72727 Sub – Standard Doubtful Loss 33
Slide 35: COVID Resolution Framework
COVID Resolution Framework Resolution Framework 1 (Rs in Crore) Restructuring Out of which, position as Implemented on 30.06.22 Loan and aggregate exposure category No. of No. of Outstanding Outstanding Account Account Personal Loans 6250 556 4559 427 Other Exposures 419 1007 323 611 Total 6669 1563
Slide 36: SMA – Sector wise (5 Cr & Above)
SMA – Sector wise (5 Cr & Above) (Rs in Crore) 30.06.21 31.03.22 30.06.22 Sector SMA 1 SMA 2 SMA 1 SMA 2 SMA 1 SMA 2 Retail 1 2 1 0 2 1 Agriculture 1 5 0 0 7 0 MSME 153 103 131 76 226 147 Corporate 98 2983 543 5 101 112 Total 253 3093 675 81 336 260 % to Total Advances 0.37 4.55 0.96 0.12 0.46 0.36
Slide 37: Status of NCLT
Status of NCLT (Rs in Crore) PCR on NCLT Accounts 100% 100% 100% 95.31% 95.71% RBI List I RBI List II Accounts filed by Accounts filed by Total Bank other Banks Account Account filed RBI List I RBI List II filed by by other Bank Total Outstanding Outstanding Bank Outstanding Outstanding 258.19 23.37
Slide 38: Capital Adequacy & Share Holding Pattern
Capital Adequacy & Share Holding Pattern (Rs in Crore) Jun 21 Mar 22 Jun 22 Particulars Jun 22 Share Capital 6777.79Cr Particulars Amount Amount Amount % % % No. of Shares 677.78Cr Net Worth 5226Cr. CET I 6296 12.38 6307* 12.77* 6515 13.08* Shareholding Pattern AT - 1 1000 1.96 1000 2.03 0 0 0.62% 1
Slide 39: Digitization
Digitization UPI/BHIM Transactions UPI/BHIM Users (In Lacs) (In Lacs) 595 12.14 7.89 206 Jun'21 Jun'22 Jun'21 Jun'22 Mobile Banking Users QR Merchant on Boarding 92134 13555 5262 28068 Dec'21 Jun'22 Dec'21 Jun'22 38
Slide 40: Geographical Presence
Geographical Presence Northern 21 6 9 118 11 17 9 17 4 51 21 7 7 21 8 23 North 5 Eastern Central Eastern 27 Western 56 91 111 12 27 15 12 41 19 40 Southern 31 36 52 2 4 24 Total Branches - 1526 39
Slide 41: Financial Inclusion
Financial Inclusion (In Lacs) Cumulative Number of Account Opened Cumulative Number of Active Account 15.25 15.47 13.14 12.75 11.64 13.98 Jun'21 Mar'22 Jun'22 Jun'21 Mar'22 Jun'22 Cumulative No. of Cumulative No. of Cumulative No. of Enrolments in PMJJBY Enrolments in PMSBY Enrolments in APY 17.28 1
Slide 42: Environmental, Social, Governance [ESG]
Environmental, Social, Governance [ESG] •Various schemes focusing on Environmental Sustainability. •Sanctioned Rs.45 crore towards Renewable Energy and Electric Vehicle •Movement towards procurement of energy efficient electrical and electronic equipments. •Gender Diversity with approx 30% of Women
Slide 43: Guidance v/s Actuals
Guidance v/s Actuals Parameters Actual as on Jun' 22 Guidance for FY 2022-23 Deposit Growth 3.10% >12% Advances Growth 7.06% >15% Gross NPA 11.34% <10% Net NPA 2.56% <2% PCR 88.1% >88% Recovery & Upgradation 383 Crore >2000 Crore NIM 2.92% >2.90% Credit Cost 0.04% <1% Slippage Ratio 0.52% <1.5% 42
Slide 44: 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 45: Reach us at
PSB – where service is a way of life…. www.punjabandsindbank.co.in Reach us at: ho.customerexcellence@psb.co.in Experience our New Internet and Mobile Banking Solution 44
Punjab & Sind Bank — Q1 FY2022-23 Earnings Presentation on 6ix