Punjab & Sind Bank Ltd. · NSE:PSB
Punjab & Sind Bank — Q2 FY2021 Earnings Presentation
41 slides from Punjab & Sind Bank's earnings presentation, September 2020
Slide 1: Reviewed Unaudited Financial Results for Quarter/Half Year ended September 2020
(A GOVERNMENT OF INDIA UNDERTAKING) Reviewed Unaudited Financial Results For the Quarter/Half Year ended September, 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 57.42% of Total Advances of the Bank. Tota
Slide 4: Share Holding Pattern as on 30-09-2020
Share Holding Pattern as on 30- 30-09- 09-2020 30.09.2019 31.03.2020 30.09.2020 Others 701.05 Cr • Share Capital Rs.602.06 Cr Rs.701.05 Cr 10.95% • No. of Shares 60.21 Cr 70.10 Cr 70.10 Cr • Net Worth 3668.39 Cr 2917.44 Cr 2132.35 Cr LIC • B. V. per Share Rs. 60.93 Rs. 41.62 Rs. 30.42 5.99% • Return
Slide 5: Branch Expansion
Branch Expansion 1520 1526 1526 1526 1750 568 568 1400 563 568 (37%) (37%) (37%) Rural (37%) 1050 279 278 278 Semi-Urban 278 (18%) (18%) (18%) (18%) 700 356 Urban 353 356 356 (23%) (23%) (23%) (23%) 350 324 324 Metro 325 324 (22%) (22%) (22%) (22%) 0 Sep-19 Mar-20 Jun-20 Sep-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 As on Parameters 30.09.19 31.03.20 30.06.20 30.09.20 Amount (%) Amount (%) Total Business 161558 152232 146910 146251 (15307) (9.47) (659) (0.45) Total Deposits 93971 89668 85225 84559 (9412) (10.02) (666) (0.78) CAS
Slide 7: CASA & Retail Term Deposit
CASA & Retail Term Deposit 50000 41661 36139 37370 40000 26518 27253 CA 30000 24619 23305 23980 21796 SB 20000 CASA 2823 3213 3273 RTD 10000 0 Sept 2019 March 2020 Sept 2020 (Rs in Crore) YOY QOQ Parameters Sep'19 Mar’20 Jun‘20 Sep‘20 Growth (%) Growth (%) Current Deposits 2823 3213 2909 3273 15.94
Slide 8: Average Deposits and Advances
Average Deposits and Advances (Rs in Crore) 93597 100000 91014 87458 85151 90000 80000 68394 65507 62307 60800 70000 Average Advances 60000 Average Deposits 50000 40000 30000 20000 10000 0 Sep 2019(Qtr) Mar 2020(Qtr) Jun 2020(Qtr) Sep 2020(Qtr) PSB - where service is a way of life... 8
Slide 9: CD Ratio
CD Ratio 72.96 73 72.38 72.5 71.92 72 71.5 CD Ratio 71 70.5 69.77 70 69.5 69 68.5 68 Sep 19 Mar 20 Jun 20 Sep 20 PSB - where service is a way of life... 9
Slide 10: Total Income
Total Income (Rs in Crore) Full Quarter Variation Half Year Variation Year Particulars Mar’20 Sep’19 Jun’20 Sep’20 QoQ% YoY% Sep’19 Sep’20 % Total Income (1+2) 8827 2223 1954 1999 2.30 (10.08) 4461 3953 (11.39) 1) Interest Income 7930 2014 1800 1800 0.00 (10.63) 4085 3600 (11.87) (a+b+c) a) Advances
Slide 11: Non Interest Income
Non Interest Income (Rs in Crore) Full Variatio Year Quarter Variation Half Year n Particulars Mar’20 Sep’19 Jun’20 Sep’20 QoQ% YoY% Sep’19 Sep’20 % Comm. Exchange, Brokerage 89 21 18 28 55.56 33.33 44 46 4.55 Exchange Earned on Forex 23 7 4 6 50.00 (14.29) 11 10 (9.09) Profit on Sale of Investment
Slide 12: Total Expenditure
Total Expenditure (Rs in Crore) Variati Full Year Quarter Variation Half Year on Particulars Mar’20 Sep’19 Jun’20 Sep’20 QoQ% YoY% Sep’19 Sep’20 % Total Expenses 7730 1973 1728 1768 2.31 (10.39) 3940 3496 (11.27) Interest Expenses 5872 1505 1263 1186 (6.10) (21.20) 3008 2449 (18.58) - Deposits 5611
Slide 13: Other Operating Expenses
Other Operating Expenses (Rs in Crore) Half Year Variati Full Year Quarter Variation on Particulars Mar’20 Sep’19 Jun’20 Sep’20 QoQ% YoY% Sep’19 Sep’20 % Rent, Taxes & Lighting 138 38 29 39 34.48 2.63 68 68 0.00 Printing & Stationery 9 2 1 3 200.00 50.00 4 4 - Advertisement & Publicity 6 1 0 1 - 0.0
Slide 14: Operating Profit
Operating Profit (Rs in Crore) Full Variation Quarter Variation Half Year Year Particulars Mar’20 Sep’19 Jun’20 Sep’20 QoQ% YoY% Sep’19 Sep’20 % Interest Income 7930 2014 1800 1800 0.00 (10.63) 4085 3600 (11.87) Interest Expenses 5872 1505 1263 1186 (6.10) (21.20) 3008 2449 (18.58) NII (Spread) 2058
Slide 15: Net Profit
Net Profit (Rs in Crore) Full Variation Quarter Variation Half Year Year Particulars- Mar’20 Sep’19 Jun’20 Sep’20 QoQ% YoY% Sep’19 Sep’20 % Operating Profit 1097 250 226 231 2.21 (7.60) 520 457 (12.12) Provision for NPA 2308 949 331 845 155.29 (10.96) 1160 1176 1.38 Tax Expense (531) (253) (40) (231
Slide 16: Cost & Yield Ratios
Cost & Yield Ratios Full Year Quarter Half Year Particulars Mar’20 Sep’19 Jun’20 Sep’20 Sep’19 Sep’20 A Cost of Deposits (%) 6.04 6.16 5.47 5.25 6.13 5.36 B Cost of Funds (%) * 5.37 5.46 4.90 4.66 5.47 4.78 C Yield on Advances(%) 8.54 8.69 8.14 8.32 8.72 8.23 Yield on Investments (without D 7.12 7.0
Slide 17: Other Ratios
Other Ratios Full Year Quarter Half Year Particulars Mar’20 Sep’19 Jun’20 Sep’20 Sep’19 Sep’20 A Cost to Income Ratio 62.88 65.10 67.33 71.52 64.19 69.59 i. Staff Cost to Income Ratio 40.99 41.67 46.2 51.30 42.63 48.96 ii. Other Overhead to Income Ratio 21.89 23.43 21.13 20.22 21.56 20.63 B Return o
Slide 18: Productivity Ratios
Productivity Ratios Particulars Sep‘19 (QTR) Mar’20 (QTR) Jun‘20 (QTR) Sep’20(QTR) Business * per Branch (Rs. in 106.29 99.76 96.27 95.84 Crore) Business per Employee (Rs. in 17.66 16.98 16.59 16.15 Crore) Profit Per Branch (Rs. in Lacs) (123.35) (15.48) (7.66) (105.18) (Annualized) Profit Per Emplo
Slide 19: Capital Adequacy (BASEL III)
Capital Adequacy (BASEL III) (Rs in Crore) Particulars Sep 19 Mar 20 Jun 20 Sep 20 Capital Funds :- Total (Tier I + Tier II) 6752.35 6397.89 6276.39 5417.99 Tier I 5705.49 4805.91 4636.32 3917.30 Tier II 1046.86 1591.98 1640.07 1500.69 CET I 4705.49 3805.91 3636.32 2917.30 Capital Conservation Buffe
Slide 20: Investments
Investments (Rs in Crore) % to Total Particulars Sep 19 Mar 20 Jun 20 Sep 20 (Sep 20) GROSS INVESTMENTS 26675.29 24946.38 24548.59 24626.17 100.00 SLR INVESTMENTS i) Treasury Bills 957.30 0.00 143.49 395.35 1.61 ii) CG securities 13027.06 12094.32 11340.84 10988.69 44.62 iii) State Govt. Securities
Slide 21: Treasury Management
Treasury Management (Rs in Crore) % to Total Particulars Sep-19 Jun-19 Jun-20 Sep-20 % Growth (Sep20) Gross Investment 26675.29 26275.83 24548.59 24626.17 0.32 100.00 SLR Investment 20817.54 19512.32 18560.02 18593.11 0.18 75.50 of which i) HFT 0.00 10.34 0.00 140.64 - 0.57 ii) AFS 10498.05 9192.7 8
Slide 22: Priority Sector Lending
Priority Sector Lending (Rs in Crore) Sep’20 Increase Increase % to ANBC Sl. Particulars Sep’19 Mar’20 Jun’20 YoY % QoQ % (Sep’ 20) 1 Agriculture 11688 11168 10518 11206 (4.12) 6.54 15.83 Out of which, 6916 6246 5883 6284 (9.14) 6.82 9.07 S&MF 2 MSME 11105 11406 10478 11510 3.65 9.85 Out of which, 5
Slide 23: Retail Portfolio
Retail Portfolio (Rs in Crore) YoY QoQ Particulars Sep’19 Mar’20 Jun’20 Sep’20 Growth % Growth % Retail 15915 16552 15472 16676 4.78 7.78 % of Gross Advances 23.55 26.46 25.08 27.03 Break up of Retail Portfolio as on 31.03.20 % To Segment 30.09.19 30.06.20 30.09.20 Total (Jun’20) Housing 5780 6026 6
Slide 24: Composition of Advances
Composition of Advances (Rs in Crore) Outstanding as of % to Y-O-Y % Q-O-Q % Total Particulars growth growth Advance Sep’19 Mar’20 Jun’20 Sep’20 (Sep’20) Agriculture (Excluding 9841.63 9208.05 8648.84 9238.46 (6.13) 6.82 14.98 RIDF) MSME 10537.84 10727.92 9864.95 10908.47 3.52 10.58 17.68 Retail Adv
Slide 25: Exposure to Major Industries
Exposure to Major Industries (Rs in Crore) Sep’19 Mar’20 Sep’20 Sector Amount % age Amount % age Amount % age Infrastructure 15360.37 22.73 12584.39 20.11 12931.61 20.96 (Out of Which) Power 6010.91 8.89 3546.73 5.67 3700.72 6.00 Telecom 996.92 1.48 1189.57 1.90 893.76 1.45 Roads, Ports, 3198.95 4.7
Slide 26: Exposure to Infrastructure
Exposure to Infrastructure (Rs in Crore) YoY Segment 30.09.19 31.03.20 30.06.20 30.09.20 % Total Infrastructure 15360.37 12584.39 13111.79 12931.61 20.96% - Power 6010.91 3546.73 3991.79 3700.72 6.00% - Ports, Roads, Railways & Highways 3198.95 1189.57 3122.49 3137.26 5.09% -Telecom 996.92 2734.11 8
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 2019-20 426.58 385.11 228.6 583.12 2 2020-21 (Q1) 583.12 159.45 17
Slide 28: Restructured Advances
Restructured Advances (Rs in Crore) Sep’19 Mar’20 Sep’20 Sector Amount % age Amount % age Amount % age Agriculture 0.51 0.16 9.69 1.66 9.17 1.66 Power 73.19 23.29 62.20 10.67 76.62 13.86 Textiles 1.51 0.48 5.86 1.00 4.95 0.90 Cement & Products 0.02 0.01 0.08 0.01 0.08 0.01 Iron & Steel 0.13 0.04 1.0
Slide 29: S4A, SDR and Flexible Restructuring Details
S4A, SDR and Flexible Restructuring Details Standard (as on Sep-2020) NPA (as on Sep-2020) Name of the No. of Fund Based Balance No. of Fund Based Balance Scheme Borrowers outstanding (` In Crore) Borrowers outstanding (` In Crore) S4A 0 0 0 0 SDR 0 0 0 0 5/25 6 1004.60 1 148.86 TOTAL 6 1004.60 1 14
Slide 30: Standard Restructured Accounts Sectorwise
Standard Restructured Accounts Sectorwise (Rs in Crore) Restructured As on BREAKUP OF STATE DISCOMS S.No 30.09.2020 Accounts 30.09.2019 (as on 30.09.20: 1 State Discoms 0 29.38 RAJASTHAN 0 UTTAR PRADESH 0 Aviation (Air 0 2 0 India) CHANDIGARH 0 Under 0 3 0 CDR/JLF TAMIL NADU 0 4 Under MSME 160.43 27
Slide 31: NPA
NPA (Rs in Crore) Particulars Sep’19 Mar’20 Jun’20 Sep’20 Gross NPA 9218.22 8874.57 8848.06 8673.16 Gross NPA as % of Gross Advances 13.64 14.18 14.34 14.06 NET NPA 4443.54 4684.15 4326.41 3306.52 NET NPA as % of Net Advances 7.07 8.03 7.57 5.87 Provision Coverage Ratio with T.W.O. 65.52 66.74 69.20
Slide 32: Priority Sector NPA
Priority Sector NPA (Rs. In Crore) Sep – 2019 Sep – 2020 Sector Outstanding NPA % NPA Outstanding NPA % NPA Total Advances 67587 9218 13.64 61692 8673 14.06 Total Priority Sector (With RIDF) 28124 -- -- 28076 -- -- Total Priority Sector 25246 3221 12.76 25161 3104 12.34 A. Total Agriculture Advances
Slide 33: Industry Wise Corporate NPAs
Industry Wise Corporate NPAs (Rs. In Crore) Industry Sep’19 Mar’ 20 Jun’ 20 Sep’20 434.17 312.96 312.95 312.95 Iron and Steel 80.33 82.84 84.48 86.79 Engineering 471.93 459.87 Textile 431.89 462.03 Infra-energy 1129.55 702.79 702.79 693.91 Infra-Transport 1025.83 656.54 700.75 638.14 Infra-Others 41
Slide 34: Movement of NPA
Movement of NPA (Rs in Crore) Full Quarter Half Year Particulars Year Sr. No Mar’20 Sep’19 Mar’20 Jun’20 Sep’20 Sep’19 Sep’20 1 Gross NPA Opening Balance 8605.87 8885.86 8923.49 8874.57 8848.06 8605.87 8874.57 2 Cash recoveries 549.38 160.68 182.18 66.96 181.37 399.18 255.59 Out of Above Cash 3 reco
Slide 35: Human Resources
Human Resources 10500 408 288 312 (5%) (4%) (5%) 9000 2310 2090 2050 (25%) (26%) (25%) 7500 6000 4500 6478 6489 6658 3000 (70%) (70%) (70%) 1500 0 Sept 2019 March 2020 Sept 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 549196 534069 525764 266281 1518 1526 1526 1526 300000 452384 1516 1514 200000 1512 1517 1514 1510 100000 1508 2017-18 2018-19 2019-20 2020-21(Q1) 2020-21(Q2) 0 2017-18 2018-19 2019-20 2020-
Slide 37: Financial Inclusion
Financial Inclusion • Bank has opened 13.43 lac accounts under PMJDY and mobilized deposit of Rs. 568 Crore. Average deposit per account is Rs.4230/-. • As on 30.09.2020, Aadhaar Seeding percentage under PMJDY accounts is 85%. • Bank has reduced Zero balance accounts to 1.57%. • 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 30.09.2019 31.03.2020 30.06.2020 30.09.2020 Number of Accounts opened 1322104 1324372 1298361 1342736 Number of Active Accounts 1131599 1135925 1055432 1095330 Deposits in accounts (Rs. In Cr.
Slide 39: Pradhan Mantri Social Security Schemes
Pradhan Mantri Social Security Schemes No. of Enrolments Scheme 30/09/2019 31/03/2020 30/06/2020 30/09/2020 Atal Pension Yojana 1,70,345 1,90,272 1,90,388 2,11,788 Pradhan Mantri Jeevan Jyoti Bima Yojna 2,48,626 2,79,693 2,82,675 2,98,445 Pradhan Mantri Suraksha Bima Yojna 11,14,456 12,08,391 12,18,
Slide 40: Pradhan Mantri Mudra Yojna
Pradhan Mantri Mudra Yojna Performance of Pradhan Mantri Mudra Yojna (Rs in Crore) FY 2019-20(Upto 30.09.2019) FY 2019-20(Upto 30.09.2020) Sl Scheme Sanctioned Disbursed Sanctioned Disbursed No. A/cs No. A/cs Amount Amount Amount Amount Shishu (Loan upto Rs. 2382 8.80 7.85 1 9891 20.34 15.71 50,000/
Slide 41: PSB - where service is a way of life...
PSB - where service is a way of life... 41