Punjab & Sind Bank Ltd. · NSE:PSB

Punjab & Sind Bank — Q3 FY2022-23 Earnings Presentation

43 slides from Punjab & Sind Bank's earnings presentation, January 2023

  1. Slide 1: Analyst Presentation Q3 (FY 2022-23)

    (भारत सरकार का उपक्रम) Analyst Presentation Q3 (FY 2022-23)

  2. Slide 2: Agenda

    Key Highlights & Business Performance 3-10 Strategy Driven Measures 11-12 Treasury Operations 13 Financial Performance & Balance Sheet 14-20 Asset Quality 21-31 Capital and Shareholding Pattern 32 Priority Sector & MSME Performance 33-34 Financial Inclusion & Digital Footprints 35-36 Geographical Pr

  3. Slide 3: Key Highlights (QoQ)

    Key Highlights (QoQ) Operating Profit 27 ROA 8.18% Rs. 344 Cr. bps 1.11 % Net Profit 510 ROE 34.17% Rs. 373 Cr. bps 26.09 % 45 bps YOA NIM 6 8.12% bps 3.12% Cost to Income Ratio 22 Slippage Ratio 183 bps bps 63.47 % 0.36% 3

  4. Slide 4: Key Highlights (YoY)

    Key Highlights (YoY) 16.54% Gross Advances RAM Advances 19.07 % Rs.77745 Cr. Rs. 39956 Cr. 9.11% Deposit 32.31% Retail Advances Rs.109497 Cr. Rs. 14739 Cr. CD Ratio 9.63 % Agriculture Advances 452 bps 71.00% Rs. 11288 Cr. CASA 14.92 % MSME Advances 11.33% Rs.36460 Cr. Rs. 13929 Cr. 4

  5. Slide 5: Key Highlights (YoY)

    Key Highlights (YoY) 23.92% Net Profit [Qtr] PCR (with TWO) 154 bps Rs. 373 Cr. 89.31 % Net Profit [9M] 608 bps Gross NPA 23.52% Rs. 856 Cr. 8.36 % 28 bps NIM [9M] 99 bps Net NPA 3.04 % 2.02 % 422 ROE [Qtr] 73 bps Cost Income Ratio [Qtr] bps 26.09 63.47 % 5

  6. Slide 6: Business Mix

    Business Mix (Rs in Crore) Parameters Dec’21 Sep’22 Dec’22 QoQ (%) YoY (%) Total Business 167061 178977 187242 4.62 12.08 Total Deposits 100351 105238 109497 4.05 9.11 Total Advances 66710 73739 77745 5.43 16.54 CD Ratio 66.48 70.07 71.00 93bps 452bps Total Deposits Total Advances 109497 77745 10523

  7. Slide 7: Deposit Growth

    Deposit Growth (Rs in Crore) Parameters Dec’21 Sep’22 Dec’22 QOQ (%) YOY (%) Current Deposits 3680 4008 4226 5.44 14.84 Savings Deposits 29069 31094 32234 3.67 10.89 CASA Deposits 32749 35102 36460 3.87 11.33 CASA (%) 32.63 33.36 33.30 (6) bps 67 bps Term Deposits 67602 70136 73037 4.14 8.04 Total D

  8. Slide 8: Composition of Advances

    Composition of Advances (Rs in Crore) Y-o-Y % % % to Gross to Gross to Gross Particulars Dec’21 Sep’22 Dec’22 Advances Advances Advances Amt % (Dec’21) (Sep’22) (Dec’22) RAM 33557 37937 39956 6399 19.07 50.30 51.45 51.39 Corporate Advances 33153 35802 37789 4636 13.98 49.70 48.55 48.61 Total 66710 7

  9. Slide 9: RAM Advance Mix

    RAM Advance Mix (Rs in Crore) YoY Particulars Dec’21 Sep’22 Dec’22 Amt % RAM 33557 37937 39956 6399 19.07 • Retail 11140 12619 14739 3599 32.31 • Agriculture 10296 11531 11288 992 9.63 • MSME 12121 13787 13929 1808 14.92 Retail Agriculture MSME 14739 13929 11288 11140 10296 12121 Dec'21 Dec'22 Dec'2

  10. Slide 10: Core Retail Lending Products

    Core Retail Lending Products (Rs in Crore) Housing Loan Vehicle Loan Personal Loan 1775 8597 483 6945 1520 240 Dec'21 Dec'22 Dec'21 Dec'22 Dec'21 Dec'22 As on Dec’ 22 Composition of Retail CIBIL Score Wise data of Retail Advances Loans 7.36% 26.35% 17.61% 3.28% 58.33% 10.46% 64.57% 12.04% Housing Lo

  11. Slide 11: Strategy driven Measures – Improving Financial Performance

    Strategy driven Measures – Improving Financial Performance (Rs in Crore) Net Interest Income Yield on Advances Net Profit (NII) (%) 8.12 373 805 301 278 775 758 7.69 7.67 Dec'21 Sep'22 Dec'22 Dec'21 Sep'22 Dec'22 Dec'21 Sep'22 Dec'22 Return on Asset (%) Return on Equity Cost to Income Ratio (Annuali

  12. Slide 12: Strategy driven Measures – Improving Asset Quality

    Strategy driven Measures – Improving Asset Quality GROSS NPA (%) NET NPA (%) CREDIT COST (%) 14.44 0.49 3.01 9.67 8.36 2.24 0.09 2.02 Dec'21 Sep'22 Dec'22 Dec'21 Sep'22 Dec'22 Dec'21 Sep'22 Dec'22 -0.38 PCR WITH TWO(%) SLIPPAGE RATIO RECOVERY & UPGADATION 0.58 596 89.31 89.16 505 430 0.37 0.36 87.77

  13. Slide 13: Treasury Operations

    Treasury Operations (Rs in Crore) Particulars Dec’21 Sep’22 Dec’22 Domestic Investments 37651 47814 46758 Of which SLR Investments 26628 31124 30072 NON-SLR Investments 11023 16690 16686 Of which Held To Maturity (HTM) 28461 34737 34364 Available For Sale (AFS+HFT) 9190 13077 12394 Modified Duration

  14. Slide 14: Total Income

    Total Income (Rs in Crore) Variation Quarter Variation Nine Months Ended (9 M) Particulars Dec’21 Sep’22 Dec’22 QoQ% YoY% Dec’21 Dec’22 YoY% Total Income 2042 2121 2245 5.85 9.94 6048 6281 3.85 Interest Income (a+b+c) 1871 1980 2107 6.41 12.61 5303 5888 11.03 a) Advances 1267 1357 1434 5.67 13.18 35

  15. Slide 15: Total Expenditure

    Total Expenditure (Rs in Crore) Nine Months Variation Quarter Variation Ended (9 M) Particulars Dec’21 Sep’22 Dec’22 QoQ% YoY% Dec’21 Dec’22 YoY% Total Expenses 1710 1803 1901 5.44 11.17 5035 5367 6.59 Interest Expenses 1113 1205 1302 8.05 16.98 3349 3598 7.44 - Deposits 1057 1145 1215 6.11 14.95 31

  16. Slide 16: Operating Profit

    Operating Profit (Rs in Crore) Nine Months Variation Quarter Variation Ended (9 M) Particulars Dec’21 Sep’22 Dec’22 QoQ% YoY% Dec’21 Dec’22 YoY% Interest Income 1871 1980 2107 6.41 12.61 5303 5888 11.03 Interest 1113 1205 1302 8.05 16.98 3349 3598 7.44 Expenses Net Interest 758 775 805 3.87 6.20 195

  17. Slide 17: Net Profit

    Net Profit (Rs in Crore) Nine Months Variation Quarter Variation Ended (9 M) Particulars- Dec’21 Sep’22 Dec’22 QoQ% YoY% Dec’21 Dec’22 YoY% Operating Profit 332 318 344 8.18 3.61 1013 914 (9.77) Provision for NPA 325 63 (271) - - 980 (181) - Provision on 1 0 0 - - (47) (1) - Restructured Adv. Standa

  18. Slide 18: Key Financial Ratios (QoQ)

    Key Financial Ratios (QoQ) Cost of Deposits (%) Cost of Fund (%) 3.86 4.66 4.39 4.24 3.64 3.62 Dec'21 Sep'22 Dec'22 Dec'21 Sep'22 Dec'22 Yield on Investment (%) Yield on Fund (%) 6.71 6.24 6.70 6.11 6.64 5.96 Dec'21 Sep'22 Dec'22 Dec'21 Sep'22 Dec'22 * Ratios have been Annualised. 18

  19. Slide 19: Productivity Ratios

    Productivity Ratios (Rs in Lakh) Business per Employee Business per Branch 2036 12254 1892 10912 Dec'21 Dec'22 Dec'21 Dec'22 Net Profit per Branch Net Profit per Employee 24.43 4.07 19.65 3.41 Dec'21 Dec'22 Dec'21 Dec'22 19

  20. Slide 20: Balance Sheet

    Balance Sheet (Rs in Crore) As on Liabilities Dec’21 Sep’22 Dec’22 Capital 4053 6778 6778 Reserve & Surplus 5003 7505 7874 Deposits 100351 105238 109497 Borrowings 2303 8387 8780 Other Liabilities & Provision 2538 2362 2310 Total 114248 130270 135239 Assets Cash & Balance with RBI 8740 5531 7269 Bal

  21. Slide 21: Advances to Major Industries/Sectors

    Advances to Major Industries/Sectors (Rs in Crore) Dec’21 Dec’22 Sector % to Total % to Total Amount Amount Advances Advances Infrastructure 15865 23.78 14215 18.28 (Out of Which) Energy 6163 9.24 5293 6.81 Tele Communication 1075 1.61 637 0.82 Roads, Ports 3024 4.53 3271 4.21 Other Infra 5603 8.40

  22. Slide 22: Credit - External Rating Wise (Above Rs. 5 Cr.)

    Credit - External Rating Wise (Above Rs. 5 Cr.) (Rs in Crore) Dec’21 Sep’22 Dec’22 Particulars Amount % to Total Amount % to Total Amount % to Total AAA rated 1247 4.17 4741 13.23 9229 23.13 AA rated 4823 16.13 6812 19.01 7060 17.70 A rated 3560 11.91 3045 8.50 3669 9.20 BBB Rated 2947 9.86 1961 5.4

  23. Slide 23: Rating Profile of NBFCs

    Rating Profile of NBFCs (Rs in Crore) Dec’21 Sep’22 Dec’22 Particulars Amount % Share Amount % Share Amount % Share AAA rated 1246 24.66 1751 29.06 6002 61.10 AA rated 2828 55.97 3372 55.96 3360 34.20 A rated 924 18.29 849 14.09 412 4.19 Total A & above 4998 98.92 5972 99.11 9774 99.49 BBB Rated 10

  24. Slide 24: Movement of NPA

    Movement of NPA (Rs in Crore) Quarter Nine Months Ended Sr. No Particulars Dec’21 Sep’22 Dec’22 Dec’21 Dec’22 1 Gross NPA Opening Balance 9823 8244 7128 9334 8565 2 Cash recoveries 230 251 428 888 846 Out of Above Cash recovery 3 7 30 32 89 69 Income Booked 4 Up gradations 175 229 150 691 217 5 Tech

  25. Slide 25: Fresh Slippages

    Fresh Slippages Fresh Slippages 377 243 214 Dec'21 Sep'22 Dec'22 (Rs in Crore) Particulars Dec’21 Sep’22 Dec’22 Retail 80 81 67 Agriculture 38 71 36 MSME 93 132 138 Corporate & Others 3 93 2 Total 214 377 243 25

  26. Slide 26: Sector Wise Advances & NPA

    Sector Wise Advances & NPA (Rs in Crore) Dec’21 Sep’22 Dec’22 Sector NPA % NPA % to NPA % to Advance NPA Advance NPA Advance NPA to Adv Adv Adv Retail 11140 633 5.68 12619 532 4.22 14739 496 3.37 Agriculture 10296 833 8.09 11531 888 7.70 11288 844 7.48 MSME 12121 1853 15.27 13788 1512 10.97 13929 14

  27. Slide 27: Retail NPA

    Retail NPA (Rs in Crore) Dec’21 Sep’22 Dec’22 Sector NPA % to NPA % to NPA % to Advance NPA Advance NPA Advance NPA Adv Adv Adv Housing 6945 470 6.77 7454 370 4.96 8597 336 3.91 Vehicle 1520 81 5.33 1685 78 4.63 1775 75 4.21 Personal 240 7 2.92 440 6 1.36 483 6 1.25 Other Retail 2435 75 3.08 3040 78

  28. Slide 28: Asset Classification

    Asset Classification (Rs in Crore) Particulars Dec’21 Sep’22 Dec’22 Standard 57074 66611 71245 Sub – Standard 842 856 838 Doubtful 5937 4712 2936 Loss 2857 1560 2726 Total Advances 66710 73739 77745 28

  29. Slide 29: COVID Resolution Framework

    COVID Resolution Framework Resolution Framework 1 (Rs in Crore) Restructuring Out of which, position as Implemented on 31.12.22 Loan and aggregate exposure category No. of No. of Outstanding Outstanding Account Account Personal Loans 6250 556 3848 390 Other Exposures 419 1007 248 524 Total 6669 1563

  30. Slide 30: SMA – Sector wise (5 Cr & Above)

    SMA – Sector wise (5 Cr & Above) (Rs in Crore) Dec’21 Sep’22 Dec’22 Sector SMA 1 SMA 2 SMA 1 SMA 2 SMA 1 SMA 2 Retail 1 2 6 2 1 1 Agriculture 7 0 5 3 0 6 MSME 144 239 223 245 176 238 Corporate 486 150 308 38 128 4 Total 638 391 542 288 305 249 % to Total Advances 0.96 0.59 0.74 0.39 0.39 0.32 30

  31. Slide 31: Status of NCLT

    Status of NCLT (Rs in Crore) PCR on NCLT Accounts 100.00% 100.00% 100.00% 99.88% 99.90% RBI List I Account filed Account filed RBI List II Total Outstanding by Bank by other Bank Outstanding Outstanding Outstanding Outstanding 257.04 22.73 64.79 3662.20 4006.76 (3 A/cs) (1 A/c) (1 A/c) (52 A/cs) (57

  32. Slide 32: Capital Adequacy & Share Holding Pattern

    Capital Adequacy & Share Holding Pattern (Rs in Crore) Dec’ 21 Sep’ 22 Dec’ 22 Particulars Dec’ 22 Share Capital 6777.79Cr Particulars No. of Shares 677.78Cr Amount % Amount % Amount % Net Worth 6071.41Cr. EPS (Rs.) 2.20 Book Value (Rs.) 8.96 CET I 5949 12.34 6588 12.65 6930 12.79 Shareholding Patte

  33. Slide 33: Priority Sector

    Priority Sector 52.54 Mandatory Target (%) Achievement (%) 40.00 20.15 18.00 18.06 11.22 13.41 13.25 13.78 9.50 11.50 7.50 Priority Agriculture Small/ Weaker Micro under Non Sector Marginal Section MSME Corporate Farmers Farmers Amount (In Cr) 32214 12354 6882 8221 8126 11073 33

  34. Slide 34: MSME Performance

    MSME Performance (Rs in Crore) Segment Mix Performance under GECL Facility Particular Dec’22 12% 11% Amount Sanctioned 1996.80 27% 31% Amount Disbursed 1865.05 Stand up India (as on Dec’22) (Since Inception) 61% 58% Target 3050 Achievement 2589 Dec'21 Dec'22 Achievement (%) 85 Micro Small Medium 34

  35. Slide 35: Financial Inclusion

    Financial Inclusion (In Lacs) PMJDY(Accounts Opened) Atal Pension Yojna 17.76 18.42 14.51 4.12 3.78 2.73 Dec'21 Sep'22 Dec'22 Dec'21 Sep'22 Dec'22 Pradhan Mantri Jeevan Jyoti Bima Pradhan Mantri Suraksha Bima Yojna Yojna 6.09 5.45 20.78 19.31 4.38 16.01 Dec'21 Sep'22 Dec'22 Dec'21 Sep'22 Dec'22 35

  36. Slide 36: Improving Digital Footprints

    Improving Digital Footprints UPI/BHIM Transactions (In Lacs) 715 740 323 Dec'21 Sep'22 Dec'22 UPI/BHIM Users (In % of Digital QR Merchant on Lacs) Transaction Boarding 14.22 13.26 26696 81.21 81.57 23005 9.86 74.57 5262 Dec'21 Sep'22 Dec'22 Dec'21 Sep'22 Dec'22 Dec'21 Sep'22 Dec'22 36

  37. Slide 37: Geographical Presence

    Geographical Presence Northern 1190 11 18 6 219 17 4 519 217 21 7 235 North Eastern Central Eastern 27 Western 57 91 111 12 27 15 12 41 19 40 Southern 3 1 36 52 24 24 Total Branches - 1528 37

  38. Slide 38: Environmental, Social, Governance [ESG]

    Environmental, Social, Governance [ESG] •Gender Diversity with approx • Commitment towards following 30% of Women Employee best Corporate Governance • Promoting Renewal & Workforce. practices and setting high Sustainable Energy: Bank has a standards of ethical values, portfolio of Rs. 42 Crore under

  39. Slide 39: Way Forward Commitment vs Achieved

    Way Forward Commitment vs Achieved Digital Pre- Onboarding Implementa Growth in Co-branding Setup Access of approved of NBFCs/ -tion of DSA high-quality Credit Cards outbound Bank Personal HFCs (6) for Model. CASA with SBI call center Statement Loan in 3 Co-lending. Deposits – card. to manage and TD

  40. Slide 40: Way Forward – Achieved

    Way Forward – Achieved Digital Opening of PSB E- Augment- Focused Attractive Staff Opening of Lead Saving advantage ing Fee Capacity ROI for Training 4 Mid generation Account FD Income Building - garnishing Collage is Corporate through through (additional through for skilling FCNR now ISO Branches P

  41. Slide 41: Guidance v/s Actuals

    Guidance v/s Actuals Actual as Actual as Actual as Parameters Guidance for FY 2022-23 on Jun' 22 on Sep' 22 on Dec' 22 Deposit Growth 3.10% 3.27% 9.11% >12% Advances Growth 7.06% 9.12% 16.54% >15% Gross NPA 11.34% 9.67% 8.36% <9% Net NPA 2.56% 2.24% 2.02% <2% PCR 88.10% 89.16% 89.31% >89% Recovery &

  42. Slide 42: 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

  43. Slide 43: Reach us at

    www.punjabandsindbank.co.in Reach us at: ho.customerexcellence@psb.co.in Experience our Internet and Mobile Banking Solution 43

Punjab & Sind Bank — Q3 FY2022-23 Earnings Presentation on 6ix