Punjab National Bank · NSE:PNB
Punjab National Bank — Q4 FY2025 Earnings Presentation
51 slides from Punjab National Bank's earnings presentation, May 7, 2025
Slide 1: Analyst Presentation filing letter to stock exchanges
Jes ... the name you can BANK upon! 7 Ad c za I Ka -- Amrit Mahotsav pnb one #JustneRpp Share Department, Board & Coordination Division, HO Plot No.4 Sector 10, Dwarka, New Delhi-110075 Tel No.: 011-28044857, E-mail: hosd@pnb.co.in Scrip Code : PNB Scrip Code : 532461 National Stock Exchange of Indi
Slide 2: Financial Results Q4/FY'25
FINANCIAL RESULTS Q4/FY’25 March 2025 7th May 2025 Follow our Official Page ‘pnbindia.in’ …the name you can BANK upon!!!
Slide 3: Content
Content 1 Performance Highlights 3-7 2 Business Performance 8-18 3 Financial Performance 19-25 4 Asset Quality 26-33 5 Shareholding & Capital 34-35 Digitalization/ 6 36-39 Analytics HR, Network, 7 40-45 Group Business & RRBs 8 ESG, Awards & Guidance 46-48 Page I 2
Slide 4: Performance Highlights: Q4 FY'25
Performance Highlights : Q4 FY’25 ₹ 4,567 Cr 1.02% ₹ 10,757 Cr ₹ 6,776 Cr Profitability 51.7% YoY 25 bps YoY 3.8% YoY 5.6% YoY Net Profit ROA% Net Interest Income Operating Profit 3.95% 0.40% 96.82% 0.21% Asset Quality 178 bps YoY 33 bps YoY 143 bps YoY 60 bps YoY GNPA % NNPA % PCR (Inc.Two) % Credi
Slide 5: Profitability
Profitability Amt ₹ in Crore Net Profit Return on Assets (%) (Annualized) 4303 4508 4567 1.02% 1.03% 1.02% 1.05% 0.82% 3010 3252 0.85% 0.77% 2223 0.65% 0.58% 1756 0.46% 1159 1255 0.45% 0.32% 0.34% 411 629 0.12% 0.17% 202 308 0.25% 0.06% 0.09% 0.05% Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q4 Q1 Q2 Q3
Slide 6: Profitability
Profitability Return on Equity (%) (Annualized) Earning Per Share (₹) 19.91% 19.22%19.23% 16.82% 3.90 3.92 3.97 16.48% 12.45% 2.73 2.95 10.15% 2.02 7.11% 7.50% 1.59 3.85% 1.05 1.14 2.01% 2.56% 0.57 1.35% 0.28 0.37 (Not Annualized) 0.18 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q
Slide 7: Improving Asset Quality
Improving Asset Quality Gross NPA% Net NPA% 11.78% 11.27% 10.48% 4.80% 9.76% 4.28% 8.74% 3.80% 3.30% 7.73% 6.96% 2.72% 6.24% 1.98% 5.73% 4.98% 1.47% 4.48% 4.09% 0.96% 3.95% 0.73% 0.60% 0.46% 0.41% 0.40% Amt ₹ in Crore Amt ₹ in Crore Gross NPA Amount Net NPA Amount 92,448 90,167 87,035 34,909 83,584
Slide 8: Improving Asset Quality
Improving Asset Quality PCR%- (Incl. TWO) PCR%- (excl TWO) Credit Cost 95.90% 96.67% 96.77% 96.82% 2.45% 2.46% 94.28% 95.39% 91.91% 89.83% 90.18% 90.23% 90.27% 1.99% 86.90% 87.93% 88.43% 1.87% 83.96% 85.17% 85.40% 1.76% 1.72% 83.04% 81.60% 80.00% 1.31% 1.26% 75.84% 70.79% 0.81% 68.46% 66.28% 0.32% 6
Slide 9: Business Mix
Business Mix Amt ₹ in Crore Global Gross Business Growth %/bps 14.0% YoY Gr S.N. Parameters Mar’24 Dec’24 Mar’25 2683260 2639991 QoQ YoY 2520246 2436929 1 Global Business 2353038 2639991 2683260 1.6% 14.0% 2353038 1a Overseas Business 77282 105877 0.8% 37.0% Global Deposits 105025 14.4% YoY Gr Mar'2
Slide 10: Deposits
Deposits Amt ₹ in Crore Growth % Sl. Parameters Mar’24 Dec’24 Mar’25 Deposit Mix - Mar’25 QoQ YoY 75114, 1 Global Deposits (2+3) 1369713 1529699 1566623 2.4% 14.4% 4.8% 2 Overseas Deposits 36348 54938 55288 0.6% 52.1% 3 Domestic Deposits 1333365 1474760 1511336 2.5% 13.3% 498429, 31.8% 4 Current Dep
Slide 11: Advances
Advances Amt ₹ in Crore Growth % Sl. Parameters Mar’24 Dec’24 Mar’25 QoQ YoY Credit Mix – Mar’25 1 Global Advances (2+3) 983325 1110292 1116637 0.6% 13.6% 2 Overseas Advances 40934 50087 50589 1.0% 23.6% 3 Domestic Advances 942391 1060205 1066048 0.6% 13.1% 259363, 24.3% Out of which 463367, 4 Retai
Slide 12: Core Retail Advances
Core Retail Advances Amt ₹ in Crore Core Retail* Home Loan* YoY Gr.: 18.2% YoY Gr.: 18.3% 116312 191126 199889 109948 111230 169119 174002 185400 101796 98293 Mar'24 June'24 Sept'24 Dec'24 Mar'25 Mar'24 June'24 Sept'24 Dec'24 Mar'25 Vehicle Loan* Education Loan > 7.5 lacs YoY Gr.: 25.5% YoY Gr.: 10.
Slide 13: Priority Sector Achievement & Flagship Govt. Schemes
Priority Sector Achievement & Flagship Govt. Schemes TOTAL PRIORITY SECTOR ADVANCES @40.36% of ANBC against norm of 40% As on Mar’25 (Amt ₹ in Cr) AGRICULTURE (PS) ADVANCES No of Amount @18.08% of ANBC against norm of 18% Applications Sanctioned 32682 316.50 ACHIEVED ALL SMALL & MARGINAL FARMERS MAN
Slide 14: Financial Inclusion Performance
Financial Inclusion Performance Nos in lakhs Nos in lakhs Nos in lakhs SLBC- 5 Pradhan Mantri Jeevan Pradhan Mantri Suraksha Atal Pension Yojana (APY) Jyoti Bima Yojana (PMJJBY) Bima Yojana (PMSBY) UTLBC-1 46.81 41.86 43.79 73.08 39.80 291.97 38.53 LDMO- 113 69.32 283.22 67.26 272.63 65.39 261
Slide 15: External Rating Portfolio & Advances on Benchmark Rates
External Rating (Std FB) Portfolio & Adv. on Benchmark Rates Amt ₹ in Crore Portfolio > Rs.25 Crore Advances Mix of Benchmark rate Mar’24 Dec’24 Mar’25 Sl Rating Grade Amt. % Share Amt. % Share Amt. % Share 2.40% 1.80% 1.68% 4.18% 4.66% 4.69% 1 AAA 157549 42.97% 197767 45.44% 220837 50.42% 8.71% 9.5
Slide 16: Diversified Industry Portfolio & Energy Sector
Diversified Industry Portfolio & Energy Sector Amt ₹ in Crore Mar’24 Dec’24 Mar’25 Energy Sector Sl. Industry % to % to % to O/s Domestic O/s Domestic O/s Domestic External Rating Standard Portfolio Advances Advances Advances 31.03.2025 : ₹ 44410 Cr 1 Infrastructure 98494 10.5% 102821 9.7% 103331 9.
Slide 17: NBFC Sector
NBFC Sector Amt ₹ in Crore Key Sectors As on External Rating Wise Portfolio – As on 31.03.2025 Mar’24 Dec’24 Mar’25 NBFC 134190 160588 Housing Finance Companies PSUs & PSU backed 160194 Out of which, A BBB& Below 553 A BBB & NBFC- HFC 40294 54645 52402 8 Below 1.06% 2146 0.02% 600 NBFC- PSUs and PSU
Slide 18: Investment Portfolio
Investment Portfolio Amt ₹ in Crore Sl. Parameters Mar’24 Dec’24 Mar’25 1 Gross Domestic Investment 423305 462942 492305 2 SLR 316061 349189 363867 2a SLR as % to Dom. Investment (2/1) 74.67% 75.43% 73.91% 3 Non SLR 107244 113753 128438 4 Held To Maturity (HTM) 328221 337160 348554 4a HTM To Gross D
Slide 19: Non SLR Investment
Non SLR Investment Amt ₹ in Crore Mar’24 Dec’24 Mar’25 Sl. Parameters O/S % Share O/S % Share O/S % Share 1 PSU Bonds 19212 17.91% 19919 17.51% 22583 17.58% 2 Corporate and Other Bonds & Debentures 16691 15.56% 15973 14.04% 17295 13.47% 3 Special Govt. Sec excl. Recap Bonds 739 0.69% 696 0.61% 488 0
Slide 20: Balance Sheet - Liabilities & Assets
Balance Sheet-Liabilities & Assets Amt ₹ in Crore Sl. Parameters 31st Mar’24 31st Dec’24 31st Mar’25 CAPITAL & LIABILITIES 1 Capital 2202 2299 2299 2 Reserves and Surplus 104274 123515 125064 3 Deposits 1369713 1529699 1566623 4 Borrowings 50430 73024 83777 5 Other Liabilities and Provisions 35216 3
Slide 21: Income
Income Amt ₹ in Crore Q4 Q3 Q4 YoY Variation YoY Variation Sl. Parameters FY24 FY25 FY24 FY25 FY25 Amt. % Amt. % 1 Interest Income (2+3+4) 28113 31340 31989 3876 13.8% 106902 121761 14859 13.9% 2 Interest on Advances 20114 22240 22225 2111 10.5% 75939 86101 10162 13.4% 3 Interest on Investments 6963
Slide 22: Expenses
Expenses Amt ₹ in Crore Q4 Q3 Q4 YoY Variation YoY Variation Sl. Parameters FY24 FY25 FY24 FY25 FY25 Amt. % Amt. % 1 Total Interest Paid (2+3+4) 17750 20308 21232 3482 19.6% 66819 78979 12160 18.2% 2 Interest Paid on Deposits 16611 19118 19881 3270 19.7% 62311 74136 11825 19.0% 3 Interest Paid on Bo
Slide 23: Profit & Provisions
Profit & Provisions Amt ₹ in Crore Q4 Q3 Q4 YoY Variation YoY Variation Sl. Parameters FY24 FY25 FY24 FY25 FY25 Amt. % Amt. % 1 Net Interest Income 10363 11032 10757 394 3.8% 40083 42782 2699 6.7% 2 Other Income 4248 3412 4716 468 11.0% 13384 16309 2925 21.9% 3 Operating Income (1+2) 14611 14444 154
Slide 24: Efficiency Ratios (Q4)
Efficiency Ratios (Q4) Cost of Deposits [%] (Annualized) Cost of Funds [%] NIM [%] 4.63%4.59% 4.76%4.75% 4.52%4.47% 3.10%3.25% 2.93%3.09% 5.24% 5.23% 5.36% 5.37% 2.81%2.96% 5.09% 5.06% Mar'24 Dec'24 Mar'25 Mar'24 Dec'24 Mar'25 Mar'24 Dec'24 Mar'25 (Q4) (Q3) (Q4) (Q4) (Q3) (Q4) (Q4) (Q3) (Q4) Global
Slide 25: Efficiency Ratios (12M)
Efficiency Ratios (12M) (Annualized) Cost of Deposits [%] Cost of Funds [%] NIM [%] 4.91% 4.89% 5.18% 5.16% 5.23% 5.21% 4.36% 4.31% 4.58% 4.54% 4.63% 4.59% 3.09% 3.23% 2.97% 3.12% 2.93% 3.08% Mar'24 Dec'24 Mar'25 Mar'24 Dec'24 Mar'25 Mar'24 Dec'24 Mar'25 (FY) (9M) (FY) (FY) (9M) (FY) (FY) (9M) (FY)
Slide 26: Profitability/Productivity Ratios
Profitability/Productivity Ratios (Annualized) Q4 Q3 Q4 Sl. Key Ratios FY24 FY25 FY24 FY25 FY25 1 Return on Assets [%] 0.77% 1.03% 1.02% 0.54% 0.97% 2 Return on Equity [%] 16.48% 19.22% 19.23% 11.66% 19.33% 3 Book Value per Share [₹] 88.59 102.02 103.36 88.59 103.36 4 Book Value per Share-Tangible [
Slide 27: One Time Restructuring (OTR 1 & 2)
One Time Restructuring (OTR 1 & 2) Amt ₹ in Crore OTR 1 OTR 2 As per RBI's guidelines dated As per RBI's guidelines dated Aug 06,2020 May 05,2021 Position as on 31.03.25 Provisions Position as on 31.03.25 Provisions Loan and aggregate under OTR 1 Made# Loan and aggregate under OTR 2 Made# Sl. Sl. ex
Slide 28: Asset Quality - SMA 2 Accounts
Asset Quality –SMA 2 Accounts ( > Rs 5.00 Crore) Amt ₹ in Crore Mar’24 Dec’24 Mar’25 CATEGORY S. N. % of Domestic % of Domestic % of Domestic SMA2 SMA2 SMA2 Advances Advances Advances 1 RETAIL 93 0.01% 84 0.01% 74 0.01% 2 AGRICULTURE 210 0.02% 259 0.02% 0 0.00% 3 MSME 877 0.09% 961 0.09% 91 0.01% 4
Slide 29: Movement of NPA
Movement of NPA Amt ₹ in Crore Sl. Parameters Q4 FY’24 Q3 FY’25 Q4 FY’25 FY’24 FY’25 1 NPA at the beginning of Year/Quarter 60371 47582 45414 77328 56343 2 Cash Recovery & Up-gradation (2a+2b) 2788 1973 2205 10554 6864 2a -Cash Recovery 1800 1333 1501 7106 5005 2b -Up-gradation 988 640 704 3448 1859
Slide 30: Asset Classification
Asset Classification Amt ₹ in Crore Mar’24 Dec’24 Mar’25 YoY Variation Sl. Parameters O/S Share% O/S Share% O/S Share% Amt. Var. % 1 Standard 926982 94.27% 1064878 95.91% 1072555 96.05% 145574 15.7% 2 Gross NPA 56343 5.73% 45414 4.09% 44082 3.95% -12261 -21.8% 2a Sub-Standard 4876 0.50% 5189 0.47% 5
Slide 31: Slippages & Recoveries
Slippages & Recoveries Amt ₹ in Crore Total Recovery v/s Slippages Quarterly Total of All Qtrs Period Q4 Q1 Q2 Q3 Q4 FY 23-24 FY 24-25 FY 24 FY 25 FY 25 FY 25 FY 25 Total Recovery 5193 3249 4891 3412 4733 22530 16286 Total Slippage 2206 1755 2181 1774 3001 8215 8711 Recovery v/s 2.4x 1.9x 2.2x 1.9x
Slide 32: NPA Classification - Sector Wise
NPA Classification - Sector Wise Amt ₹ in Crore Mar’24 Dec’24 Mar’25 Sl. Parameters Advances GNPA GNPA% Advances GNPA GNPA% Advances GNPA GNPA% 1 Retail Loans 222574 5060 2.27% 262627 3344 1.27% 259363 3311 1.28% 2 Agriculture 158188 21979 13.89% 174472 20475 11.74% 180625 19813 10.97% 3 MSME 139288
Slide 33: NPA Classification - Industry Wise
NPA Classification- Industry Wise Amt ₹ in Crore Mar’24 Dec’24 Mar’25 Sl. Diversified Industry Portfolio O/s GNPA GNPA % O/s GNPA GNPA % O/s GNPA GNPA % 1 Infrastructure 98494 2792 2.8% 102821 2197 2.1% 103331 1140 1.1% -Energy 42789 1236 2.9% 44496 995 2.2% 45379 969 2.1% -Tele-Communication 11420
Slide 34: Exposure to NCLT Accounts & NARCL
Exposure to NCLT (Admitted) Accounts & NARCL Amt ₹ in Crore NCLT Sl. Parameters Accounts Balance Provision PCR% 1 RBI list 1 2 2730 2730 100.00% NARCL 2 RBI list 2 9 4020 4020 100.00% No of Balance 3 Filed by PNB 109 7472 7432 99.46% S.No Position of accounts with PNB Accounts Outstanding 4 Filed by
Slide 35: Share Holding and Ratings
Share Holding and Ratings Shareholding as on 31.03.2025 PNB’s Rating Total No. of Shares: 1149.29 Crores 1.12% 1.21% 0.99% Moody’s Fitch 4.82% 5.70% 5.71% PNB’s Rating- PNB’s Rating- 8.56% 8.71% 8.55% Baa3/P-3/ Stable BBB-/F3/Stable 3.43% 4.72% 5.36% 8.92% 8.94% 9.95% PNB’s BOND RATING Basel III S.N
Slide 36: Capital Adequacy
Capital Adequacy Amt ₹ in Crore Capital & CRAR Risk Weighted Assets Sl. Parameters Mar’24 Dec’24 Mar’25 Sl. Parameters Mar’24 Dec’24 Mar’25 1 Total Capital (Tier 1+2) 117466 128081 140755 CRAR % 15.97% 15.41% 17.01% 1 Total RWA 735435 831358 827668 Out of Which, Out of Which, 2 Tier 1 96885 104122 1
Slide 37: Augmenting Digital Base
Augmenting Digital Base Number of Digital Transactions PNB One Activated Users WhatsApp Banking Users (in Crores) (in Lakhs) (in Lakhs) 997 214 61.6 659 174 28.7 FY 24 FY 25 As on 31.03.2024 As on 31.03.2025 As on 31.03.2024 As on 31.03.2025 UPI Transactions through PNB One Share of Digital Transact
Slide 38: Progress Under Major Digital Offerings
Progress Under Major Digital Offerings Corporate M - Banking App Central Bank Digital Currency Launched on 18.09.2024 (CBDC) Digital Lending Journeys (No. of 11.9 accounts Lakh+ No.of Users 99K No.of Users No.of Txn sanctioned) Financial Txn 897K 4.29 62.93 Lakh Lakh Digital Lending 23100+ App Ratin
Slide 39: New Initiatives Undertaken & Way Forward
New Initiatives Undertaken & Way Forward New Initiatives Undertaken Way Forward • Opening of FD and applying Debit Card through WhatsApp Banking • Submission of 15 G/H Form through WhatsApp Banking Gen AI based Employee and Customer Chatbot Onboarding of Vendor & Implementation of additional Gen AI
Slide 40: Analytics Driven Decision Making
Analytics Driven Decision Making PNB ध्वनि – Boosting Business Augmentation (Amt ₹ in Crore) 22+ Product Deployed Propensity Models employee productivity using GenAi powered Podcast. 30889 PNB InsightX – Real-time news Complaint Analytics – summarization Identifying key grievance https://pnbinsightx
Slide 41: HR Transformation Project
HR Transformation Project Revamped Digital PMS under UDAAN Bank utilizes a Role Udaan Mobile App Clarity Tool to assign launched on both Key result areas Android and iOS (KRAs) and measure platforms. officer performance. Enables officers to Monthly performance Rationalization of the A digita
Slide 42: HR Transformation
HR Transformation CAPABILITY BUILDING INITIATIVES PNB Prarambh: Leadership Job – Family wise 360 – Degree Succession Management Posting Tool Development Grooming Plan Feedback Planning Tool Trainee Tool Program Extensive 52-week Ensures Digital and 4 year-long grooming Comprehensive tool Expand
Slide 43: Transformation of Learning & Development System
Transformation of Learning & Development System CENTRE OF EXCELLENCE CREATION OF CENTRE OF EXCELLENCE FACULTY PERSONALIZED GROOMING PLAN Faculty onboarding: 40+ new faculties onboarded Data-driven and integrated systems to build covering different banking domain. personalized learning plans for
Slide 44: Distribution Network
As on 31.03.2025 Distribution Network Total Touch Points :- 55360 International Presence Branches at:- Dubai and Gift City, Gandhinagar Subsidiaries:-London(UK) and Bhutan Branches Joint Venture:- Nepal 119 8 ATM BCs (Domestic) Representative Offices:- Myanmar and Bangladesh 10189 11822 33349 355 De
Slide 45: Group Structure of the Bank
Group Structure of the Bank PNB Subsidiaries Associates & Joint Venture Domestic Foreign RRB Domestic Foreign 1. PNBIL, London - 1. PNB Housing Finance Ltd – 28.10% 35% stake in each one:- 1. PNB Cards & Services 100% Ltd. – 100% 2. PNB MetLife India Insurance Co. Ltd - Everest Bank, 1. Dakshin Biha
Slide 46: Performance of Subsidiaries, Associates, Joint Venture & RRBs
Performance of Subsidiaries, Associates, Joint Venture & RRB’s Amt ₹ in Crore Performance of RRBs Results Total Total Gross Net Name of the entity (Unaudited) (3/6/9/12 M) Income Expenses Profit Profit PNB Housing Finance Ltd Mar'25 (12M) 8001 5287 2714 2026 Consolidated FY’24 FY’25 YOY% Position PN
Slide 47: ESG Highlights
ESG Highlights Environmental Social Governance • Bank has a dedicated Climate Risk • 78 RSETIs (under aegis of MoRD) and 2 Rural • Well defined policies and SOPs such as: Management Policy incorporating Task force Development Centers (PNB initiatives) • Grievance Redressal Policy on Climate related
Slide 48: Rewards & Accolades
Rewards & Accolades CIMSME Banking Excellence Award for: Under EASE 6.0, Overall First Runner Up Best Bank for implementing Government Prestigious Silver Shield for Excellence PNB winner in 2 themes Schemes (Winner) in Financial Reporting in the category Tech and Data driven capability building
Slide 49: Actuals v/s Guidance for FY'25 & Guidance for FY'26
Actuals v/s Guidance for FY’25 & Guidance for FY’26 Guidance for FY’25 Actuals Guidance Parameters June’24 Sep’24 Dec’24 Mar’25 FY’25 FY’26 (Q1 FY25) (HY1 FY25) (9M FY25) (FY25) Credit Growth % (YoY) 11% - 12% 12.20% 12.76% 14.79% 13.6% 11% - 12% Deposit Growth % (YoY) 9% - 10% 8.50% 11.33% 15.58% 1
Slide 50: Disclaimer
Disclaimer “This representation contains certain forward-looking statements apart from historical information. These forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those suggested by the forward-looking
Slide 51: Thank you
2,52,101 Thank you 28,38,227 1,77,591 37,791 4,66,920 8,98,013
Punjab National Bank — Q4 FY2025 Earnings Presentation on 6ix