Punjab & Sind Bank Ltd. · NSE:PSB

Punjab & Sind Bank — Q2 FY2023-24 Earnings Presentation

39 slides from Punjab & Sind Bank's earnings presentation, November 2023

  1. Slide 1: Financial Performance Q2 (FY 2023-24) Analyst Presentation

    Financial Performance Q2 (FY 2023-24) Analyst Presentation

  2. Slide 2: Agenda

    Key Highlights & Business Performance 3-12 Asset Quality 13-17 Financial Performance & Balance Sheet 18-24 Covid Framework & NCLT Status 25-26 Treasury Operations 27-28 Capital Adequacy 29 Digital Journey & Initiatives 30-32 Shareholding Pattern 33 Geographical Presence, Financial Inclusion & ESG 34

  3. Slide 3: Key Highlights (YoY)

    Key Highlights (YoY) 10.85% 10.68% 11.08% 95 bps 53.65% 17.62% Total Business Deposits Advances Yield on Profit before Recovery & Rs.198387 Cr. Rs.116481 Cr. 81906 Cr. Advances Tax Upgradation 8.62% Rs.295 Cr. Rs.594 Cr. Gross NPA Net NPA 6.23% 1.88% 17.93% 155 bps 90.07% 28.43% 344 bps 36 bps Core

  4. Slide 4: Key Highlights (QoQ)

    Key Highlights (QoQ) Credit Cost Net NPA (0.05)% 1.88% 26.07% 50.56% 17 bps 22.43% 13 bps 7 bps Profit before Non Interest Yield on Core Fee Tax Income Advances Income Rs.295 Cr. Rs.268 Cr. 8.62% Rs.131 Cr. Slippage Ratio 0.45% 9 bps 175 bps 4 bps 72.17% 23.53% 15 bps Return on Return on CRAR Recove

  5. Slide 5: Overall Business mix

    Overall Business mix (Rs. in crores) Total Deposits Total Advances 81906 80,982 116481 10.68% 80,314 11.08% 1,14,211 YoY YoY 1,09,665 105238 73739 Average Advances 13.60% YoY Sep'22 Mar'23 Jun'23 Sep'23 Sep'22 Mar'23 Jun'23 Sep'23 Particulars Quarter Variation Sep’22 Mar’23 Jun’23 Sep’23 QoQ (%) YoY

  6. Slide 6: Liability Franchise

    Liability Franchise (Rs. in Crores) CASA Retail Term Deposits (Below 2 Cr.) 47951 36,833 3.49% 8.37% 36327 YoY 46,616 36,194 YoY 45,849 35,102 44,249 Average CASA 4.23% YoY Sep'22 Mar'23 Jun'23 Sep'23 Sep'22 Mar'23 Jun'23 Sep'23 Particulars Quarter Variation Sep’22 Mar’23 Jun’23 Sep’23 QoQ (%) YoY (

  7. Slide 7: Diversified loan book - Advances Mix

    Diversified loan book - Advances Mix (Rs. in Crores) Parameters Quarter Variation Sep'22 Mar'23 Jun'23 Sep’23 %QoQ % YoY RAM* % to Gross Advances Advances 73739 80982 80314 81906 1.98 11.08 Sep'22 Mar'23 Sep'23 Out of Which Core Retail 12619 13947 14227 14881 4.60 17.93 51.45 53.20 54.15 Agri 11531

  8. Slide 8: Core Retail Lending Portfolio

    Core Retail Lending Portfolio (Rs. in Crores) Home Loan Vehicle Loan Gold loan 16.45% 19.17% 44.68% 8680 939 YoY 2008 YoY YoY 853 8351 1936 774 8188 1868 649 7,454 1685 Sep'22 Mar'23 Jun'23 Sep'23 Sep'22 Mar'23 Jun'23 Sep'23 Sep'22 Mar'23 Jun'23 Sep'23 8

  9. Slide 9: Advances Breakup of Major Industries / Sectors

    Advances Breakup of Major Industries / Sectors (Rs. in Crores) Sector Quarter Sep '22 Mar '23 Jun '23 Sep '23 % to Total % to Total % to Total % to Total Amount Amount Amount Amount Advances Advances Advances Advances Infrastructure 15169 20.57 15498 19.14 15274 19.02 16706 20.40 (Out of Which) Ener

  10. Slide 10: Rating Profile of NBFCs

    Rating Profile of NBFCs (Rs. in Crores) Sector Quarter Sep’22 Mar’23 Jun’23 Sep’23 Particulars % to Amount Amount % to Total Amount % to Total Amount % to Total Total AAA rated 1712 27.48 7783 58.47 8535 66.47 6943 64.75 AA rated 3974 63.78 5070 38.09 3853 30.00 3283 30.62 A rated 492 7.89 396 2.97

  11. Slide 11: Credit Profile

    Credit Profile Credit – External Rating Wise (Above Rs. 5 Cr.) (Rs. in Crores) Particulars Quarter Sep’22 Mar’23 Jun’23 Sep’23 Amount % to Total Amount % to Total Amount % to Total Amount % to Total AAA rated 4742 13.24 11469 26.27 10466 22.85 9001 19.57 AA rated 6812 19.01 7575 17.35 9723 21.23 941

  12. Slide 12: Priority Sector Lending

    Priority Sector Lending S No. Particulars Mandated Targets Sep’23 1 Priority Sector % to ANBC 40.00% 54.35% 2 Agriculture - PS % to ANBC 18.00% 21.20% 3 Small and Marginal Farmers (SMF) % to ANBC 10.00% 11.98% 4 Weaker Section % to ANBC 12.00% 13.58% 5 Micro Enterprises (PS) % to ANBC 7.50% 14.57% 1

  13. Slide 13: Asset Quality

    Asset Quality (Rs. in Crores) Gross NPA (%) Gross NPA 9.67 7128 6.97 6.80 6.23 5648 5464 5106 Sep'22 Mar'23 Jun'23 Sep'23 Sep'22 Mar'23 Jun'23 Sep'23 Net NPA (%) Net NPA 2.24 1528 1.84 1.95 1.88 1489 1473 1412 Sep'22 Mar'23 Jun'23 Sep'23 Sep'22 Mar'23 Jun'23 Sep'23 13

  14. Slide 14: Asset Quality

    Asset Quality (Rs. in Crores) Sector Wise NPA Recovery & Upgradation Particulars Quarter 1153 Sep’22 Mar’23 Jun’23 Sep’23 Particulars Ratio Ratio Ratio Ratio GNPA GNPA GNPA GNPA (%) (%) (%) (%) 594 Retail 532 4.22 478 2.91 513 2.94 500 3.36 505 345 Agri 888 7.70 1027 8.71 1034 9.23 1125 9.54 MSME 15

  15. Slide 15: 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) 0.09 0.08 0.63 0.60 0.58 0.45 Sep'22 Mar'23 Jun'23 Sep'23 543 -0.05 44 62 339 407 288 310 107 -0.38 Sep'22 Mar'23 Jun'23 Sep'23 Sep'22 Mar'23 Jun'23 Sep'23 SMA 1 SMA 2 15

  16. Slide 16: Asset Quality

    Asset Quality (Rs. in Crores) Fresh slippages Asset classification 448 451 1560 4711 1862 2893 63 893 377 95 857 340 93 16 Sep’22 Mar’23 231 191 118 132 66611 75334 84 144 1674 2806 2919 71 1259 149 983 928 81 81 62 5 Sep'22 Mar'23 Jun'23 Sep'23 Jun’23 Sep’23 Retail MSME 74851 76800 Agri Others Stan

  17. Slide 17: Movement of NPA

    Movement of NPA (Rs in Crore) S.No. Particulars Quarter Half Year Sep’22 Mar’23 Jun’23 Sep’23 Sep’22 Sep’23 1 Gross NPA Opening Balance 8244 6500 5648 5464 8565 5648 2 Cash recoveries 251 562 208 290 427 486 Out of Above Cash recovery Income 3 29 5 28 71 37 99 Booked 4 Up gradations 228 170 122 169

  18. Slide 18: Operating & Net Profit

    Operating & Net Profit (Rs. in Crores) Particulars Quarter Variation Half Yearly Variation Sep’22 Jun’23 Sep’23 QoQ% YoY% Sep’22 Sep’23 YoY% Interest Income 1980 2316 2406 3.89 21.52 3780 4722 24.92 Interest Expenses 1205 1578 1731 9.70 43.65 2296 3309 44.12 Net Interest Income 775 738 675 (8.54) (1

  19. Slide 19: Total Income

    Total Income (Rs. in Crores) Particulars Quarter Variation Half Yearly Variation Sep’22 Jun’23 Sep’23 QoQ% YoY% Sep’22 Sep’23 YoY% Interest on Advances 1357 1678 1721 2.56 26.82 2577 3399 31.90 Interest on Investments 598 616 663 7.63 10.87 1147 1279 11.51 Other Interest Income 25 22 22 - (12.00) 56

  20. Slide 20: Total Expenses

    Total Expenses (Rs. in Crores) Particulars Quarter Variation Half Yearly Variation Sep’22 Jun’23 Sep’23 QoQ% YoY% Sep’22 Sep’23 YoY% Interest on Deposits 1145 1434 1612 12.41 40.79 2185 3046 39.41 Interest on Others 60 144 119 (17.36) 98.33 111 263 136.94 Total Interest Expenses (a) 1205 1578 1731 9

  21. Slide 21: Provision

    Provision (Rs. in Crores) Particulars Quarter Variation Half Yearly Variation Sep’22 Jun’23 Sep’23 QoQ% YoY% Sep’22 Sep’23 YoY% Operating Profit 318 257 260 1.17 (18.24) 570 518 (9.12) Loan Loss 63 66 (37) - - 90 28 (68.89) Standard Advances 6 (47) (8) 82.98 - (90) (55) (38.89) NPI 29 (2) (1) 50.00

  22. Slide 22: Balance Sheet

    Balance Sheet (Rs. in Crores) Liabilities As on Sep’22 Mar’23 Jun’23 Sep’23 Capital 6778 6778 6778 6778 Reserve & Surplus 7505 8331 8483 8345 Deposits 105238 109665 114211 116481 Borrowings 8387 9018 8985 7956 Other Liabilities & Provision 2362 2662 2476 2594 Total 130270 136454 140933 142154 Asset

  23. Slide 23: Key Financial Ratios

    Key Financial Ratios Yield on Advances (%) Yield on Investment (%) 6.75 6.76 8.62 8.45 6.70 7.85 6.51 7.67 Sep'22 Mar'23 Jun'23 Sep'23 Sep'22 Mar'23 Jun'23 Sep'23 Cost of Deposit (%) Cost of Fund (%) 5.60 5.67 5.24 4.98 5.35 4.90 4.39 4.46 Sep'22 Mar'23 Jun'23 Sep'23 Sep'22 Mar'23 Jun'23 Sep'23 23

  24. Slide 24: Key Financial Ratios

    Key Financial Ratios Return on Asset (%) Return on Equity (%) Cost to Income Ratio (%) 1.33 28.43 72.40 71.91 65.30 20.99 56.45 0.84 0.52 10.47 0.43 8.72 Sep'22 Mar'23 Jun'23 Sep'23 Sep'22 Mar'23 Jun'23 Sep'23 Sep'22 Mar'23 Jun'23 Sep'23 NIM (%) Business per Employee (Rs. In Lakhs) Business per Bran

  25. Slide 25: 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 30.09.2023 No. of Account Outstanding No. of Account Outstanding Personal Loans 6250 556 3053 337 Other Exposures 419 1007 186 477 Total 6669 15

  26. Slide 26: Status of NCLT

    Status of NCLT PCR on NCLT Accounts RBI List I RBI List II Accounts Filed Accounts Filed Total by Bank by Other Bank 3 A/c 54 A/c 59 A/c 1 A/c 1 A/c 242.38 22.73 64.79 3316.73 3646.62 Cr. Cr. Cr. Cr. Cr. 100% 100% 100% 99.76% 99.78% Provision Provision Provision Provision Provision 26

  27. Slide 27: Treasury Operations

    Treasury Operations (Rs. in Crores) Particulars Sep '22 Mar '23 Jun’23 Sep '23 Domestic Investments 47814 45464 49007 49416 • SLR Investments 31124 28977 31512 31795 • Non-SLR Investments 16690 16487 17495 17621 Category Wise Classification • Held to Maturity (HTM) 34737 33934 35088 35387 • Availabl

  28. Slide 28: Treasury Operations

    Treasury Operations (Rs. in Crores) % to Total Particulars Sep '22 Mar '23 Jun '23 Sep '23 (Sep’23) GROSS INVESTMENTS 47814 45464 49007 49416 100 SLR INVESTMENTS 31123 28977 31512 31795 64.34 (i) HFT - - - - - (ii) AFS 8208 6754 8125 8110 16.41 (iii) HTM 22915 22223 23387 23685 47.93 NON-SLR INVESTM

  29. Slide 29: Capital Adequacy

    Capital Adequacy (Rs. in Crores) Regulatory Quarter Particulars Requirement Sep’22 Mar’23 Jun’23 Sep’23 Amount % Amount % Amount % Amount % CET I (Including 8.00 6588 12.65 7990 14.32 8233 14.46 8396 14.53 CCB) AT - 1 - - - - - - - - Tier I (Including 9.50 6588 12.65 7990 14.32 8233 14.46 8396 14.53

  30. Slide 30: Digital Growth

    Digital Growth Digital Transactions (%) UPI Transactions (In Cr.) PSB Unic Registration (In Lakhs) 86.55 6.58% 51.75% 6.33 106.86% 10.85 YoY YoY YoY 81.21 7.15 3.06 Sep'22 Sep'23 Sep'22 Sep'23 Sep'22 Sep'23 Merchant Acquired UPI QR UPI Users (In Lakhs) 92789 92284 18.11 285.50% 301.15% YoY 13.26 36.

  31. Slide 31: New Initiative & Future Digital Initiatives

    New Initiative & Future Digital Initiatives Revamping-Merchant Acquisition Interoperable Cardless Cash Withdrawal* Android POS • Printer for transaction slips & Invoices • Sound Alert for Payment • No need to carry card for ATM cash withdrawal. • Withdraw cash from ATM by scanning UPI QR Code throug

  32. Slide 32: Upgradation of CBS

    Upgradation of CBS V 7.025 to 10.2.25 • CBS i.e. Finacle 7.0.25 has been successfully upgraded to latest version v 10.2.25 of Finacle 10.2.25 on 16.10.2023. • Finacle 10.2.25 has better UI/UX and additional functionalities which were not in Finacle 7.0.25. • Integration with third party/other applic

  33. Slide 33: Shareholding Pattern

    Shareholding Pattern Particulars As on 0.62% 1.13% 30.09.22 31.03.23 30.06.23 30.09.23 Share 6777.79 Cr 6777.79 Cr 6777.79 Cr 6777.79 Cr Capital No. of Shares 677.78 Cr 677.78 Cr 677.78 Cr 677.78 Cr Net Worth 5374.21 Cr 6785.94 Cr 7212.86 Cr 7231.20 Cr 98.25% Particulars As on 30.09.22 31.03.23 30.0

  34. Slide 34: Geographical Presence- Expanding Footprints

    Geographical Presence- Expanding Footprints 17 Northern 7 Our Reach 972 60 177 118 16 431 5 164 98 65 1554 27 200 Branches North 920 Eastern ATM’s 28 Western Central Eastern 40 62 341 96 567 BC 24 14 27 7 12 324 Districts Covered 21 43 34 Southern 2 2 55 Semi- Category Metro Urban Rural 25 urban 26

  35. Slide 35: PMJDY Accounts Opened, Atal Pension Yojna and Bima Yojnas

    (In Lacs) PMJDY Accounts Opened Atal Pension Yojna 4.52 4.71 4.78 20.30 21.31 19.30 3.78 17.76 Sep'22 Mar'23 Jun'23 Sep'23 Sep'22 Mar'23` Jun'23 Sep'23 Pradhan Mantri Jeevan Jyoti Bima Yojna Pradhan Mantri Suraksha Bima Yojna 7.23 7.54 6.56 24.70 25.64 21.67 5.45 19.31 Sep'22 Mar'23 Jun'23 Sep'23 Se

  36. Slide 36: Contributing to ESG

    Contributing to ESG Environment Solar & Green Energy: Bank has a portfolio of Rs. 51.67 Crore under this segment. Bank has introduced digital & paperless banking initiatives and as of now Bank has sanctioned & disbursed Rs. 175.52 crores through pre-approved personal loans. Social Sanctioned Rs. 71.

  37. Slide 37: Key Parameters – Guidance for FY'24

    Key Parameters – Guidance for FY'24 Revised Guidance Parameters Guidance for FY'24 Actual as on Sep'23 for FY'24 Deposit Growth 8-10% 10.68% 8-10% Advances Growth 13-14% 11.08% 10-12% Gross NPA <6% 6.23% <6% Net NPA <1.5% 1.88% <1.8% PCR 89-90% 88.54% ≈ 89% Recovery & Upgradation >Rs.1500 Crore Rs.7

  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

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