Punjab & Sind Bank Ltd. · NSE:PSB
Punjab & Sind Bank — Q2 FY2022 Earnings Presentation
39 slides from Punjab & Sind Bank's earnings presentation, Nov 1, 2021
Slide 1: Exchange filing cover letter for investor presentation
at Hl efuag Ff af 330 11 V.oI. Ae wd cra oRen faa garg ws fu sas “SR wa” Je Tee, Wr aay, Punjab & Sind Bank 21, Were we, ae fkech-110008 uaa nes fra aa H.O. Account & Audit Department “SHARES CELL" Bank House, 1st Floor H.ga.8, (NG AHR G1 _FIHH/A Gow. of India Undertaking) 21, Rajendra Place, New De
Slide 2: Financial Performance Quarter & Half Year Ended September 2021
Financial Performance Quarter & Half Year Ended September 2021 (भारत सरकार का उपक्रम) 1
Slide 3: Contents
Highlights & Business Performance 3-9 Asset Quality 10-18 Investment 19 Financial Performance 20-25 Capital and Shareholding Pattern 25-28 Balance Sheet 29 Key Financial Ratios 30-33 Geographical Presence & Financial Inclusion 34-36 Digital Initiative 37 2
Slide 4: Highlights: CRAR improved by 30 bps Q-o-Q
CRAR improved by 30 bps Q-o-Q Priority Sector PCR improved Lending rises by 22 bps Q-o-Q by 343 bps Q-o-Q NIM improved Cost of Deposit by 10 bps improved by Q-o-Q 12 bps Q-o-Q Net Profit increased by 2529 bps Q-o-Q 3
Slide 5: Business
Business (Rs in Crore) Outstanding as of YoY QoQ Parameters Growth Growth (%) Sep’20 Mar’21 Jun’21 Sep’21 (%) (Sequential) Total Business 146251 163919 166411 169484 1.85 15.89 Total Deposits 84559 96108 98478 101910 3.49 20.52 Total Advances 61692 67811 67933 67574 (0.53) 9.53 Total Deposits Total
Slide 6: CASA
CASA (Rs in Crore) Outstanding as of QOQ Growth YOY Parameters (%) Growth Sep’20 Mar’21 Jun’21 Sep’21 (Sequential) (%) Current Deposits 3273 4123 3446 3585 4.03 9.53 Savings Deposits 23980 27407 27386 27235 (0.55) 13.57 CASA Deposits 27253 31530 30832 30820 (0.04) 13.09 CASA (%) to Total 32.23 32.81
Slide 7: Composition of Advances
Composition of Advances (Rs in Crore) Variation over Outstanding as of % to Gross Sep’20 Particulars Advances Sep’20 Mar’21 Jun’21 Sep’21 Amt % (Sep’21) Agriculture 9238 10638 9710 10308 1070 11.58 15.25 MSME 10909 11497 11135 11738 829 7.60 17.37 Retail Advances 8872 8956 8884 9090 218 2.45 13.45 F
Slide 8: Exposure to Major Industries
Exposure to Major Industries (Rs in Crore) Sep’20 Mar’21 Jun’21 Sep’21 Sector Amount % Amount % Amount % Amount % Infrastructur 12932 20.96 14354 21.17 15478 22.78 15729 23.28 e (Out of Power 3701 6 4379 6.46 5307 7.81 5842 8.65 Which) Telecom 894 1.45 1315 1.94 963 1.42 910 1.35 Roads, Ports, Railw
Slide 9: Priority Sector Lending
Priority Sector Lending (Rs in Crore) Increase Increase Sl. Particulars Sep’20 Mar’21 Jun’21 Sep’21 QoQ % YoY % Sequential 1 Agriculture* 11206 12868 11845 12282 3.69 9.60 Out of which, S&MF 6284 7127 6554 6996 6.74 11.33 2 MSME* 11506 10122** 11835 12457 5.26 8.27 Out of which, Micro 5713 5025** 68
Slide 10: Performance under Priority Sector
Performance under Priority Sector (Rs in Crore) As on 30.09.2021 Mandatory Segment Target (% to ANBC) Amount % to ANBC Priority Sector * 40 29947 47.37 Agriculture * 18 12282 19.43 Small/Marginal Farmers 9 6996 11.07 Weaker Section 11 7611 12.04 Micro under MSME * 7.50 6781 10.73 Non Corporate Farme
Slide 11: Highlights - Asset Quality
Highlights - Asset Quality Gross NPA as % of Net NPA as % of Gross Advances Net Advances 14.54 5.87 14.06 13.76 4.04 3.61 3.81 13.33 Sep'20 Mar'21 Jun'21 Sep'21 * Sep'20 Mar'21 Jun'21 Sep'21 PCR (%) Slippage Ratio (%) 2.69 2.66 84.22 84.44 82.89 76.12 0.76 0.13 Sep'20 Mar'21 Jun'21 Sep'21 Sep'20 Mar
Slide 12: Asset Quality
Asset Quality (Rs in Crore) Particulars Sep’20 Mar’21 Jun’21 Sep’21 Standard 53019 58477 58878 57751 Sub – Standard 1181 1501 1354 2344 Doubtful 6141 4744 4626 4707 Loss 1351 3089 3075 2772 Total Advances 61692 67811 67933 67574 11
Slide 13: Movement of NPA
Movement of NPA (Rs in Crore) Particulars Full Year Quarter Half Year Sr. No Mar’21 Sep’20 Jun’21 Sep’21 Sep’20 Sep’21 1 Gross NPA Opening Balance 8874.57 8848.06 9334.00 9054.96 8874.57 9334.00 2 Cash recoveries 926.57 181.37 194.11 529.67 255.59 739.80 Out of Above Cash recovery 3 47.93 11.07 44.6
Slide 14: Priority Sector NPA
Priority Sector NPA (Rs. In Crore) Sector Sep’ 20 Mar’21 Jun’21 Sep’21 A. Agriculture Advances 935 918 839 840 B. MSME 1783 2098 2088 1949 (i) Micro Enterprises 705 1283 1292 1173 (ii) Small Enterprises 612 391 379 381 (iii) Medium Enterprises 466 424 417 395 C. Housing Loan 271 392 392 359 D. Educa
Slide 15: Corporate NPAs
Corporate NPAs (Rs in Crore) Industry Sep’ 20 Mar’21 Jun’21 Sep’21 Iron and Steel 313 187 185 179 Engineering 87 101 96 81 Textile 460 457 457 455 Infra-energy 694 669 785 777 Infra-Transport 638 814 816 909 Infra-Others 397 405 404 387 Food Processing 51 100 99 95 Wood Product 23 23 23 23 NBFC 1902
Slide 16: Restructured Advances
Restructured Advances (Rs in Crore) Sep’20 Mar’21 Jun’21 Sep’21 Sector Amount % age Amount % age Amount % age Amount % age Power 77 13.86 82 4.44 263 8.91 263 7.63 Textiles 5 0.90 229 12.42 236 7.98 192 5.56 Cement & 0.08 0.01 0.44 0.02 1 0.02 1 0.02 Products Iron & Steel 2 0.32 2 0.11 14 0.46 9 0.2
Slide 17: Resolution Framework for COVID-19
Resolution Framework for COVID - 19 (Rs in Crore) Resolution Framework COVID- Resolution Framework COVID- 19 : 1.0 19 : 2.0 Particulars No. of Amount No. of Amount Accounts Accounts Agriculture 345 27 0 0 MSME 4721 503 2971 364 Retail Advances 5589 525 7661 778 Corporate Advances 21 947 0 0 16
Slide 18: SMA - Sector wise
SMA – Sector wise (Rs in Crore) 30.09.2020 31.03.2021 30.06.2021 30.09.2021 Sector S. No. SMA 2 SMA 0 SMA 1 SMA 2 SMA 0 SMA 1 SMA 2 SMA 0 SMA 1 SMA 0 SMA 1 SMA 2 1 Retail 194 65 106 186 1246 13 710 44 636 719 96 582 2 Agriculture 24 166 661 62 440 21 180 346 186 159 326 201 3 MSME 546 107 115 450 88
Slide 19: Status of NCLT
Status of NCLT (Rs in Crore) As on 30.09.2021 Category No. of Accounts Exposure Provision PCR (%) RBI List I 3 258 258 100 RBI List II 1 23 23 100 Accounts filed by Bank 1 65 65 100 Accounts filed by other Banks 44 2820 2649 93.92 Total 49 3167 2995 94.58 18
Slide 20: Investments
Investments (Rs in Crore) % to Total Particulars Sep 20 Mar 21 Sep 21 (Sep 21) GROSS INVESTMENTS 24626 32518 37553 SLR INVESTMENTS i) Treasury Bills 395 457 946 3.63 ii) CG securities 10989 11763 13133 50.35 iii) State Govt. Securities 7204 7104 12001 46.02 iv) Other Approved Securities 5 2 1 0 Tota
Slide 21: Highlights - Financial Performance
Highlights - Financial Performance Operating Profit (Rs. in Crore) Net Profit (Rs. In Crore) 275 249 218 207 161 174 120 Sep'20 Mar'21 Jun'21 Sep'21 -401 Sep'20 Mar'21 Jun'21 Sep'21 Cost to Income Ratio Net Interest Income Net Interest Margin (%) (NII) (Rs. In Crore) (NIM) (%) * 84.45 73.73 69.71 65
Slide 22: Operating Profit
Operating Profit (Rs in Crore) Full Quarter Variation Half Yearly Variation Year Particulars Mar’21 Sep’20 Jun’21 Sep’21 QoQ% YoY% Sep’20 Sep’21 YoY% (Sequential) Interest 6974 1800 1690 1741 3.02 (3.28) 3600 3431 (4.69) Income Interest 4712 1187 1111 1124 1.17 (5.31) 2449 2235 (8.74) Expenses NII (
Slide 23: Net Profit
Net Profit (Rs in Crore) Full Variatio Quarter Variation Half Yearly Year n Particulars- Mar’21 Sep’20 Jun’21 Sep’21 QoQ% YoY% Sep’20 Sep’21 YoY% (Sequential) Operating Profit 647 207 275 249 (9.45) 20.29 426 524 23.00 Provision for NPA 2678 845 (23) 679 3052.17 (19.64) 1176 656 -44.22 Provision on
Slide 24: Interest Income
Interest Income (Rs in Crore) Full Quarter Variation Half Yearly Variation Year Particulars Mar’21 Sep’20 Jun’21 Sep’21 QoQ% YoY% Sep’20 Sep’21 YoY% (Sequential) Interest Income 6974 1800 1690 1741 3.02 (3.28) 3600 3431 (4.69) (a+b+c) a) Advances 4865 1265 1167 1151 (1.37) (9.01) 2533 2318 (8.49) b)
Slide 25: Non Interest Income
Non Interest Income (Rs in Crore) Full Variati Quarter Variation Half Yearly Year on Particulars Mar’21 Sep’20 Jun’21 Sep’21 QoQ% YoY% Sep’20 Sep’21 YoY% (Sequential) Comm. Exchange, 92 28 24 30 25.00 7.14 47 54 14.89 Brokerage Exchange Earned on 27 6 15 12 (20.00) 100.00 10 27 170.00 Forex Profit o
Slide 26: Total Expenditure
Total Expenditure (Rs in Crore) Full Variati Quarter Variation Half Yearly Year on Particulars QoQ% Mar’20 Sep’20 Jun’21 Sep’21 YoY% Sep’20 Sep’21 YoY% (Sequential) Total Expenses 7106 1768 1629 1696 4.11 (4.07) 3496 3325 (4.89) Interest Expenses 4712 1186 1111 1124 1.17 (5.23) 2449 2235 (8.74) - De
Slide 27: Capital Adequacy
Capital Adequacy (Rs in Crore) Sep 20 Mar 21 Jun 21 Sep 21 (Basel III) (Basel III) (Basel III) (Basel III) Requirement Requirement Requirement Requirement Regulatory Regulatory Regulatory Regulatory Particulars Amount Amount Amount Amount % % % % CET I 5920 12.25 (Including 2917 5.98 7.375 6243 12.0
Slide 28: Share Holding Pattern
Share Holding Pattern Particulars 30.09.20 31.03.21 30.06.21 30.09.21 • Share Capital 701.05 Cr 4052.67 Cr 4052.67 Cr 4052.67 Cr • No. of 70.10 Cr 405.27 Cr 405.27 Cr 405.27 Cr 1.89% Shares 1.04% Particulars 30.09.20 31.03.21 30.06.21 30.09.21 • Govt. of 83.06 97.07 97.07 97.07 97.07% India • LIC 5.
Slide 29: Net Worth
Net Worth Particulars 30.09.20 31.03.21 30.06.21 30.09.21 • Net Worth 2132.35 Cr 5126.25 Cr 5461.80 Cr 5340.93 Cr * • Book Value Rs. 30.42 Rs. 12.65 Rs. 13.48 Rs.13.18 * * Deferred Pension of Rs.220.84 crore has been netted from Net Worth. 28
Slide 30: Balance Sheet
Balance Sheet (Rs in Crore) As on Liabilities Sep’ 20 Mar’21 Jun’21 Sep’21 Capital 701 4053 4053 4053 Reserve & Surplus 4377 4310 4484 4702 Deposits 84559 96108 98478 101910 Borrowings 2738 2644 2644 2630 Other Liabilities & Provision 2029 3367 3008 2839 Total 94404 110482 112667 116134 Assets Cash
Slide 31: Key Financial Ratios (QoQ)
Key Financial Ratios (QoQ) Cost of Deposits (%) Cost of Funds (%) 5.25 4.66 4.59 3.84 3.74 4.42 4.30 3.69 Sep'20 Mar'21 Jun'21 Sep'21 Sep'20 Mar'21 Jun'21 Sep'21 Cost of Deposits (%) Cost of Funds (%) Yield on Advances (%) Net Interest Margin (%)* 8.32 2.94 7.08 6.92 6.76 2.50 2.60 2.19 Sep'20 Mar'2
Slide 32: Key Financial Ratios (QoQ)
Key Financial Ratios (QoQ) Total Yield on Investment (%) Yield on Fund (%) 7.07 8.82 9.02 5.72 5.54 5.69 8.28 8.24 Sep'20 Mar'21 Jun'21 Sep'21 Sep'20 Mar'21 Jun'21 Sep'21 Yield on Investment (With Profit) (%) Yield on Fund (%) Credit Cost (%) * Slippage Ratio (%) 5.56 2.69 2.66 4.08* 0.12 -0.14 0.76
Slide 33: Key Financial Ratios (QoQ)
Key Financial Ratios (QoQ) Cost to Income Ratio (%) 84.45 73.73 69.71 65.25 Sep'20 Mar'21 Jun'21 Sep'21 Cost to Income Ratio (%) Staff cost to Income ratio (%) Other Overheads to Income Ratio (%) 55.94 52.89 28.51 20.84 22.62 25.13 42.63 44.58* Sep'20 Mar'21 Jun'21 Sep'21 Sep'20 Mar'21 Jun'21 Sep'21
Slide 34: Key Financial Ratios (QoQ)
Key Financial Ratios (QoQ) Return on Asset (%) Return on Equity (%) (Annualized) (Annualized) 0.55 0.59 0.72 29.50 13.14 16.16 Sep'20 Mar'21 Jun'21 Sep'21 Sep'20 Mar'21 Jun'21 Sep'21 -65.58 -1.58 Return on Asset (%) (Annualized) Return on Equity (%) (Annualized) Earning Per Share (Rs.) Book Value (R
Slide 35: Region-wise Branches
Region-wise Branches Northern 1193 11 17 6 223 17 4 517 218 21 7 235 North Eastern Central Eastern 27 Western 56 92 112 13 27 15 12 42 19 40 Southern 2 1 36 51 24 24 Total Branches - 1531 34
Slide 36: Financial Inclusion
Financial Inclusion Cumulative position of Pradhan Mantri Jan-Dhan Yojana Schemes As on As on As on Particulars 30.09.20 31.03.21 30.09.21 Number of 1342736 1396110 1424132 Accounts opened Number of 1089330 1162246 1181245 Active Accounts 35
Slide 37: Financial Inclusion
Financial Inclusion Pradhan Mantri Social Security Schemes Scheme No. of No. of No. of Enrolment Enrolmen Enrolmen s as on ts as on ts as on 30.09.20 31.03.21 30.09.21 Pradhan Mantri 316085 359572 411837 Jeevan Jyoti Bima Yojna Pradhan Mantri 1293224 1410851 1529940 Suraksha Bima Yojna Atal Pension
Slide 38: Digital Initiative
Digital Initiative “PSB UnIC”(You & I Connected) Omni channel introduced by the bank for tech savvy generation. An integrated digital banking platform available both in app and web 37
Slide 39: www.punjabandsindbank.co.in
www.punjabandsindbank.co.in 38