Punjab & Sind Bank Ltd. · NSE:PSB
Punjab & Sind Bank — Q1 FY2021 Earnings Presentation
41 slides from Punjab & Sind Bank's earnings presentation, June 2020
Slide 1: Reviewed Unaudited Financial Results for the Quarter ended June 2020
(A GOVERNMENT OF INDIA UNDERTAKING) Reviewed Unaudited Financial Results For the Quarter ended June, 2020 PROUDLY CELEBRATES 113th YEAR OF SERVICE TO THE NATION PSB – where service is a way of life….
Slide 2: Index
Index Sl. No. Particulars Slide No. Sl. No. Particulars Slide No. 1 Statutory Central Auditors 3 21 Exposure to Major Industries 25 2 Share Holding Pattern 4 22 Exposure to Infrastructure 26 3 Branch Expansion 5 23 Total Restructured Accounts 27 4 Results at a glance 6 24 Restructured Advances 28 5
Slide 3: Statutory Central Auditors
Statutory Central Auditors 1. M/s S. Mann & Co., Delhi 2. M/s Baldev Kumar & Co., Chandigarh 3. M/s Suresh Chandra & Associates., Delhi 4. M/s Raj Gupta & Co., Chandigarh Zonal Offices 25 Branches audited by Statutory Central Auditors 20 * (SCAs) * Covering 61.25% of Total Advances of the Bank. Tota
Slide 4: Share Holding Pattern as on 30-06-2020
Share Holding Pattern as on 30- 30-06- 06-2020 30.06.2019 31.03.2020 30.06.2020 Others • Share Capital Rs.602.06 Cr 701.05 Cr Rs.701.05 Cr 12.74% • No. of Shares 60.21 Cr 70.10 Cr 70.10 Cr • Net Worth 3668.39 Cr 2917.44 Cr 2762.76 Cr LIC 6.98% • B. V. per Share Rs. 60.93 Rs. 41.62 Rs. 39.41 • Return
Slide 5: Branch Expansion
Branch Expansion 1518 1518 1526 1526 1750 568 568 1400 563 563 (37%) (37%) (37%) Rural (37%) 1050 279 278 278 Semi-Urban 279 (18%) (18%) (18%) (18%) 700 356 Urban 351 356 351 (23%) (23%) (23%) (23%) 350 324 324 Metro 325 325 (22%) (22%) (22%) (22%) 0 Mar-19 Jun-19 Mar-20 Jun-20 PSB - where service i
Slide 6: Results at a Glance
Results at a Glance (Rs in Crore) Variation (YOY) Variation (QOQ) As on As on As on Parameters 30.06.19 31.03.20 30.06.20 Amount (%) Amount (%) Total Business 163609 152232 146910 (16699) (10.21) (5322) (3.50) Total Deposits 94634 89668 85225 (9409) (9.94) (4443) (4.95) CASA 24360 26517 26977 2617 1
Slide 7: CASA & Retail Term Deposit
CASA & Retail Term Deposit 37370 39132 40000 35193 26518 26977 30000 24360 23305 24068 21762 CA 20000 SB CASA 10000 2598 3213 2909 RTD 0 June 2019 March 2020 June 2020 (Rs in Crore) YOY Growth QOQ Growth Parameters Jun'19 Mar’20 Jun‘20 (%) (%) Current Deposits 2598 3213 2909 11.97 (9.46) Savings Dep
Slide 8: Average Deposits and Advances
Average Deposits and Advances (Rs in Crore) 94926 92937 100000 86358 90000 80000 67614 69660 62514 70000 Average Advances Average Deposits 60000 50000 40000 30000 20000 10000 0 Jun 2019(Qtr) Mar 2020(Qtr) Jun 2020(Qtr) PSB - where service is a way of life... 8
Slide 9: CD Ratio
CD Ratio 72.89 73 72.38 72.5 72 71.5 CD Ratio 71 70.5 69.77 70 69.5 69 68.5 68 Jun 19 Mar 20 Jun 20 PSB - where service is a way of life... 9
Slide 10: Total Income
Total Income (Rs in Crore) Quarter (YOY) Variation (QOQ) Variation Particulars June’19 March’20 Jun’19 Mar’20 Jun’20 Amount % Amount % Total Income (1+2) 2238 2289 1954 (284) (12.69) (335) (14.64) 1) Interest Income 2071 1904 1800 (271) (13.09) (104) (5.46) (a+b+c) a) Advances 1524 1382 1268 (256) (
Slide 11: Non Interest Income
Non Interest Income (Rs in Crore) Quarter (YOY) Variation (QOQ) Variation Particulars June’19 March’20 Jun’19 Mar’20 Jun’20 Amount % Amount % Comm. Exchange, Brokerage 23 23 18 (5) (21.74) (5) (21.74) Exchange Earned on Forex 4 5 4 0 0.00 (1) (20.00) Profit on Sale of Investment 81 174 85 4 4.94 (89
Slide 12: Total Expenditure
Total Expenditure (Rs in Crore) Quarter (YOY) Variation (QOQ) Variation Particulars June’19 March’20 Jun’19 Mar’20 Jun’20 Amount % Amount % Total Expenses 1968 1859 1728 (240) (12.20) (131) (7.05) Interest Expenses 1503 1400 1263 (240) (15.97) (137) (9.79) - Deposits 1448 1328 1195 (253) (17.47) (13
Slide 13: Other Operating Expenses
Other Operating Expenses (Rs in Crore) Quarter (YOY) Variation (QOQ) Variation Particulars June’19 March’20 Jun’19 Mar’20 Jun’20 Amount % Amount % Rent, Taxes & Lighting 30 37 29 (1) (3.33) (8) (21.62) Printing & Stationery 2 2 1 (1) (50.00) (1) (50.00) Advertisement & Publicity 1 2 0 (1) - (2) - De
Slide 14: Operating Profit
Operating Profit (Rs in Crore) Quarter (YOY) Variation (QOQ) Variation Particulars June’19 March’20 Jun’19 Mar’20 Jun’20 Amount % Amount % Interest Income 2071 1904 1800 (271) (13.09) (104) (5.46) Interest Expenses 1503 1400 1263 (240) (15.97) (137) (9.79) NII (Spread) 568 504 537 (31) (5.46) 33 6.5
Slide 15: Net Profit
Net Profit (Rs in Crore) Quarter (YOY) Variation (QOQ) Variation Particulars- June’19 March’20 Jun’19 Mar’20 Jun’20 Amount % Amount % Operating Profit 270 430 226 (44) (16.30) (204) (47.44) Provision for NPA 211 683 331 120 56.87 (352) (51.54) Tax Expense (35) (151) (40) (5) (14.29) 111 73.51 Invest
Slide 16: Cost & Yield Ratios
Cost & Yield Ratios Quarter Particulars Jun’19 Mar’20 Jun’20 A Cost of Deposits (%) 6.10 5.84 5.47 B Cost of Funds (%) * 5.48 5.19 4.90 C Yield on Advances(%) 8.75 8.44 8.14 D Yield on Investments (without Profit)(%) 7.47 6.95 7.17 E Yield on Investments (with Profit) (%) 8.67 9.48 8.46 F Yield on F
Slide 17: Other Ratios
Other Ratios Quarter Particulars Jun’19 Mar’20 Jun’20 A Cost to Income Ratio 63.31 51.67 67.33 i. Staff Cost to Income Ratio 43.57 32.68 46.20 ii. Other Overhead to Income Ratio 19.74 18.99 21.13 B Return on Assets (Annualized) (0.11) (0.88) (0.45) C Return on Equity (Annualized) (3.31) (29.93) (16.
Slide 18: Productivity Ratios
Productivity Ratios Particulars Jun‘19 (QTR) Mar’20 (QTR) Jun‘20 (QTR) Business * per Branch (Rs. in Crore) 107.78 99.76 96.27 Business per Employee (Rs. in Crore) 17.96 16.98 16.59 Profit Per Branch (Rs. in Lacs) (7.98) (15.48) (7.66) (Annualized) Profit Per Employee (Rs. in Lacs) (1.35) (10.63) (5
Slide 19: Capital Adequacy (BASEL III)
Capital Adequacy (BASEL III) (Rs in Crore) Particulars Jun 19 Mar 20 Jun 20 Capital Funds :- Total (Tier I + Tier II) 6625.95 6397.89 6276.39 Tier I 5589.74 4805.91 4636.32 Tier II 1036.21 1591.98 1640.07 CET I 4589.74 3805.91 3636.32 Capital Conservation Buffer 940.10 1093.33 918.68 (@ 1.875% of To
Slide 20: Investments
Investments (Rs in Crore) % to Total Particulars Jun19 Jun 20 (Jun 20) GROSS INVESTMENTS 26275.83 24548.59 100.00% SLR INVESTMENTS i) Treasury Bills 957.3 143.49 0.58% ii) CG securities 11297.1 11340.84 46.20% iii) State Govt. Securities 7249.93 7069.19 28.80% iv) Other Approved Securities 7.99 6.50
Slide 21: Treasury Management
Treasury Management (Rs in Crore) % to Total Particulars Jun-19 Jun-20 % Growth (Jun 20) Gross Investment 26275.83 24548.59 (6.57)% 100.00% SLR Investment 19512.32 18560.02 (4.88)% 75.61% of which i) HFT 10.34 0.00 (100.00)% 0.00% ii) AFS 9192.7 8080.16 (12.10)% 32.91% iii) HTM 10309.28 10479.86 1.6
Slide 22: Priority Sector Lending
Priority Sector Lending (Rs in Crore) Increase YoY Increase QoQ % to ANBC Sl. Particulars Jun’19 Mar’20 Jun’20 % % (Jun’ 20) 1 Agriculture 11114 11168 10518 (5.36) (5.82) 14.74 Out of which, 6467 6246 5883 (9.03) (5.81) 8.25 S&MF 2 MSME 10844 11406 10478 (3.38) (8.14) 14.69 Out of which, Micro 5516
Slide 23: Retail Portfolio
Retail Portfolio (Rs in Crore) YoY Growth QoQ Growth Particulars Jun’19 Mar’20 Jun’20 % % Retail 15543 16552 16287 4.79 (1.60) % of Gross Advances 22.54 26.46 26.40 Break up of Retail Portfolio as on 31.03.20 % To Segment 30.06.19 30.06.19 Total (Jun’20) Housing 5653 6026 6056 37 Vehicle 1310 1373 1
Slide 24: Composition of Advances
Composition of Advances (Rs in Crore) Outstanding as of Y-O-Y % Q-O-Q % % to Total Particulars growth growth Advances (Jun’20) Jun’19 Mar’20 Jun’20 Agriculture (Excluding RIDF) 9256.69 9826.63 8648.84 (6.57) (11.99) 14.02 MSME 10292.69 10819.19 9864.95 (4.16) (8.82) 15.99 Retail Advances 7650.24 886
Slide 25: Exposure to Major Industries
Exposure to Major Industries (Rs in Crore) Jun’19 Mar’20 Jun’20 Sector Amount % age Amount % age Amount % age Infrastructure 15329.25 22.22 13395.07 21.41 13111.79 21.26 (Out of Which) Power 6070.64 8.80 3831.08 6.12 3991.79 6.47 Telecom 1008.09 1.46 1464.57 2.34 882.19 1.43 Roads, Ports, 3187.35 4.
Slide 26: Exposure to Infrastructure
Exposure to Infrastructure (Rs in Crore) Segment 30.06.2019 31.03.2020 30.06.2020 YoY % Total Infrastructure 15329.25 13395.07 13111.79 21.26 - Power 6070.64 3831.08 3991.79 6.47 - Ports, Roads, Railways & Highways 3187.35 2944.90 3122.49 5.06 -Telecom 1008.09 1464.57 882.19 1.43 Break up of exposur
Slide 27: Total Restructured Accounts
Total Restructured Accounts (Rs in Crore) Decremented facilities Fresh Restructured (turned NPA/ Cease to Sr. Restructured Additional/ Period attract/conversion of Total No Amount Incremental DISCOM debt into facility bonds ) 1 Up to 2019-20 341.74 247.67 505.78 83.63 2 2020-21 (Q1) 505.78 148.75 86
Slide 28: Restructured Advances
Restructured Advances (Rs in Crore) Jun’19 Mar’20 Jun’20 Sector Amount % age Amount % age Amount % age Agriculture 0.32 0.07 9.69 1.92 8.92 1.57 Power 76.27 17.83 62.2 12.30 83.49 14.68 Textiles 1.19 0.28 5.86 1.16 4.88 0.86 Cement & Products 0.68 0.16 0.08 0.02 0.09 0.02 Iron & Steel 0.12 0.03 1.01
Slide 29: S4A, SDR and Flexible Restructuring Details
S4A, SDR and Flexible Restructuring Details Standard (as on Jun-2020) NPA (as on Jun-2020) Name of the Fund Based Balance No. of Fund Based Balance No. of Borrowers Scheme outstanding (` In Crore) Borrowers outstanding (` In Crore) S4A 0 0 0 0 SDR 0 0 0 0 5/25 5 837.06 0 0 TOTAL 5 837.06 0 0 NAME O/
Slide 30: Standard Restructured Accounts Sectorwise
Standard Restructured Accounts Sectorwise (Rs in Crore) Restructured BREAKUP OF STATE DISCOMS S.No 30.06.2019 30.06.2020 Accounts (as on 30.06.20: 1 State Discoms 0 0 RAJASTHAN 0 UTTAR PRADESH 0 Aviation (Air 0 0 2 India) CHANDIGARH 0 Under 0.00 0 3 CDR/JLF TAMIL NADU 0 4 Under MSME 75.40 296.51 HIM
Slide 31: NPA
NPA (Rs in Crore) Particulars Jun’19 Mar’20 Jun’20 Gross NPA 8885.86 8874.57 8848.06 Gross NPA as % of Gross Advances 12.88 14.18 14.34 NET NPA 5062.36 4684.15 4326.41 NET NPA as % of Net Advances 7.77 8.03 7.57 Provision Coverage Ratio with T.W.O. 59.77 66.74 69.20 PSB - where service is a way of l
Slide 32: Priority Sector NPA
Priority Sector NPA (Rs. In Crore) Jun – 2019 Jun – 2020 Sector Outstanding NPA % NPA Outstanding NPA % NPA Total Advances 68975 8886 12.88 61685 8848 14.34 Total Priority Sector (With RIDF) 27233 Total Priority Sector 24389 3238 13.28 23423 3184 13.59 A. Total Agriculture Advances 9257 1069 11.55 8
Slide 33: Industry Wise Corporate NPAs
Industry Wise Corporate NPAs (Rs. In Crore) Industry Jun 2019 March 2020 Jun 2020 Iron and Steel 434.20 312.96 312.95 Engineering 64.39 82.84 84.48 Textile 417.34 431.89 462.03 Infra-energy 1218.89 702.79 702.79 Infra-Transport 927.37 656.54 700.75 Infra-Others 403.65 397.85 396.62 Gems & Jewellery
Slide 34: Movement of NPA
Movement of NPA (Rs in Crore) Full Year Quarter Sr. Particulars No Mar’19 Mar’20 Jun’19 Mar’20 Jun’20 1 Gross NPA Opening Balance 7801.65 8605.87 8605.87 8923.49 8874.57 2 Cash recoveries 1163.94 549.38 214.56 182.18 66.96 Out of Above Cash recovery(2) 3 Income Booked 280.56 84.78 13.28 21.13 17.41
Slide 35: Human Resources
Human Resources 10500 344 312 297 (5%) (4%) (5%) 9000 2133 2090 1800 (25%) (26%) (25%) 7500 6000 4500 6522 6489 6703 3000 (70%) (70%) (70%) 1500 0 June 2019 March 2020 June 2020 Officers Non-Subordinate (Clerks) Subordinate PSB - where service is a way of life... 35
Slide 36: Alternate Delivery Channels
Alternate Delivery Channels CBS BRANCHES INTERNET BANKING USERS 1528 600000 1526 1524 500000 1522 1520 400000 534069 525764 266281 1518 1526 1526 300000 452384 1516 1514 200000 1512 1517 1514 1510 100000 1508 2017-18 2018-19 2019-20 2020-21(Q1) 0 2017-18 2018-19 2019-20 2020-21(Q1) MOBILE BANKING US
Slide 37: Financial Inclusion
Financial Inclusion • Bank has opened 12.98 lac accounts under PMJDY and mobilized deposit of Rs. 590 Crore. Average deposit per account is Rs.4545/-. • As on 30.06.2020, Aadhaar Seeding percentage under PMJDY accounts is 85%. • Bank has reduced Zero balance accounts to 1.5%. • The bank has adopted
Slide 38: Pradhan Mantri Social Security Schemes
Pradhan Mantri Social Security Schemes Cumulative position of Pradhan Mantri Jan-Dhan Yojana Schemes Scheme 30.06.2019 31.03.2020 30.06.2020 Number of Accounts opened 1315372 1324372 1298361 Number of Active Accounts 1126499 1131925 1055432 Deposits in accounts (Rs. In Cr.) 680 644 590 Average Balan
Slide 39: Pradhan Mantri Social Security Schemes
Pradhan Mantri Social Security Schemes No. of Enrolments Scheme 30.06.2019 31.03.2020 30.06.2020 Atal Pension Yojana 156419 190272 190388 Pradhan Mantri Jeevan Jyoti Bima Yojna 232812 279693 282675 Pradhan Mantri Suraksha Bima Yojna 1056730 1208391 1218966 Grand Total 1445961 1678356 1692029 PSB - w
Slide 40: Pradhan Mantri Mudra Yojna
Pradhan Mantri Mudra Yojna Performance of Pradhan Mantri Mudra Yojna (Rs in Crore) FY 2019-20(Upto 30.06.2019) FY 2019-20(Upto 30.06.2020) Sl Scheme Sanctioned Disbursed Sanctioned Disbursed No. A/cs No. A/cs Amount Amount Amount Amount Shishu (Loan upto Rs. 1 1113 3.89 3.53 6371 13.43 9.11 50,000/-
Slide 41: PSB - where service is a way of life...
PSB - where service is a way of life... 41