Punjab & Sind Bank Ltd. · NSE:PSB
Punjab & Sind Bank — Q2 FY2024-25 Earnings Presentation
42 slides from Punjab & Sind Bank's earnings presentation, Oct 19, 2024
Slide 1: Exchange filing cover letter
Ref No: PSB/HO/Shares Cell / 73 /2024-25 October 19, 2024 To, BSE Limited, National Stock Exchange of India Ltd., Department of Corporate Services, Exchange Plaza, C – 1, Block – G, 25th floor, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Bandra (East), Dalal Street, Fort, Mumbai – 400 051. Mumb
Slide 2: Financial Performance Q2 (FY 2024-25) Analyst Presentation
FINANCIAL PERFORMANCE Q2 (FY 2024-25) Analyst Presentation 1
Slide 3: Key Highlights & Business Performance Financial Performance & Balance Sheet Asset Quality & Key
Key Highlights & Business Performance 3-13 Financial Performance & Balance Sheet 14-17 Asset Quality & Key Financial Ratios 18-24 Covid Framework & NCLT Status 25-26 Treasury Operations 27-28 Capital Adequacy 29 Digital Journey, Shareholding Pattern & Credit Rating 30-31 Geographical Presence, Finan
Slide 4: Key Highlights (Q2-Y-o-Y)
Key Highlights (Q2-Y-o-Y) 958 29.33% Net Interest Income Cost to Income Ratio bps Rs.873 Cr. 62.82% 13 76.15% Operating Profit Yield on Advances bps Rs.458 Cr. 8.75% 30 26.98% Net Profit bps Yield on Investment Rs.240 Cr. 7.06% 38 13 Net Interest Margin bps Return on Assets bps 2.71% 0.65% 3
Slide 5: Key Highlights (Q2-Y-o-Y)
Key Highlights (Q2-Y-o-Y) 8.40% Total Business 35.88% Core Fee Income Rs.215057 Cr. 178 Cr. 6.48% Total Deposits 202 bps Gross NPA Rs.124025 Cr. 4.21% 11.14% Gross Advances 42 bps Net NPA Rs.91032 Cr. 1.46% 18.09% RAM 32.35% Fresh Slippages 49033 Cr. 230 Cr. 317 bps RAM 2 bps Provision Coverage Rati
Slide 6: Key Highlights (Q2-Q-o-Q)
Key Highlights (Q2-Q-o-Q) 5 bps Yield on Advances 44.48% Operating Profit 8.75% Rs.458 Cr. 685 Cost to Income Ratio 32.60% Net Profit bps 62.82% Rs.240 Cr. 51 15 bps Return on Assets Gross NPA bps 0.65% 4.21% 211 13 bps Return on Equity bps Net NPA 10.91% 1.46% 5
Slide 7: Overall Business mix
Overall Business mix (Rs. in crore) Total Deposits Total Advances 1,24,025 6.48 % 11.14% YoY 91,032 YoY 1,20,593 87,738 1,19,410 85,964 1,16,481 81,906 Sep'23 Mar'24 Jun'24 Sep'24 Sep'23 Mar'24 Jun'24 Sep'24 Particulars Quarter Ended Variation Sep’23 Mar’24 Jun’24 Sep’24 QoQ (%) YoY (%) Total Busine
Slide 8: Liability Franchise
Liability Franchise (Rs. in Crore) CASA Retail Term Deposits 38,708 3.90% 52,239 8.94% 38,134 YoY 51,346 YoY 37,744 49,536 47,951 36,327 Sep'23 Mar'24 Jun'24 Sep'24 Sep'23 Mar'24 Jun'24 Sep'24 Particulars Quarter Ended Variation Sep’23 Mar’24 Jun’24 Sep’24 QoQ (%) YoY (%) Current Deposits 4196 5176
Slide 9: Diversified loan book - Advances Mix
Diversified loan book - Advances Mix Retail* 30.18% Advances Mix YoY Parameters Quarter Ended Variation 19,372 18.17% 14,881 QoQ YoY Sep'23 Mar’24 Jun’24 Sep’24 14.40% (%) (%) 49.31% 18.12% Sep'23 Sep'24 * Including Direct Assignment Advances 81906 85964 87738 91032 3.75 11.14 Agri 11.39% Sep’23 YoY
Slide 10: Retail Lending Portfolio
Retail Lending Portfolio (Rs. in Crore) Home Loan* Vehicle Loan Gold loan 35.59% 25.95% 11.29% YoY YoY YoY 1,045 11,769 2,529 2,362 10,243 2,249 1,006 8,946 2,008 8,680 983 939 Sep'23 Mar'24 Jun'24 Sep'24 Sep'23 Mar'24 Jun'24 Sep'24 Sep'23 Mar'24 Jun'24 Sep'24 * Including Direct Assignment 9
Slide 11: Advances Breakup of Major Industries / Sectors
Advances Breakup of Major Industries / Sectors (Rs. in Crore) Sector Quarter Ended Sep '23 Mar '24 Jun '24 Sep '24 % to Total % to Total % to Total % to Total Amount Amount Amount Amount Advances Advances Advances Advances Infrastructure 16706 20.40 14882 17.31 14611 16.65 13371 14.69 (Out of Which)
Slide 12: Rating Profile of NBFCs
Rating Profile of NBFCs (Rs. in Crore) Sector Quarter Ended Sep’23 Mar’24 Jun’24 Sep’24 Particulars Amount % to Total Amount % to Total Amount % to Total Amount % to Total AAA rated 6943 64.75 7865 65.73 7537 59.64 8072 56.92 AA rated 3283 30.62 3760 31.43 4681 37.04 5565 39.24 A rated 478 4.45 339
Slide 13: Credit Profile
Credit Profile Credit – External Rating Wise (Above Rs. 5 Cr.) (Rs. in Crore) Particulars Quarter Ended 7.19% 19.57% Sep’23 Mar’24 Jun’24 Sep’24 32.79% 20.47% % to % to % to % to Amount Amount Amount Amount Total Total Total Total 6.34% 9.76% 3.88% AAA rated 9001 19.57 10985 22.02 11245 22.50 11372
Slide 14: Priority Sector Lending
Priority Sector Lending S No. Particulars Mandated Targets Sep’24 1 Priority Sector % to ANBC 40.00% 43.79% 2 Agriculture - PS % to ANBC 18.00% 18.16% 3 Small and Marginal Farmers (SMF) % to ANBC 10.00% 10.04% 4 Weaker Section % to ANBC 12.00% 10.97% 5 Micro Enterprises (PS) % to ANBC 7.50% 11.57% 1
Slide 15: Operating & Net Profit
Operating & Net Profit (Rs. in Crore) Particulars Quarter Variation Half Yearly Variation Sep’23 Jun’24 Sep’24 QoQ% YoY% Sep’23 Sep’24 YoY% Interest Income 2406 2652 2739 3.28 13.84 4722 5391 14.17 Interest Expenses 1731 1802 1866 3.55 7.80 3309 3668 10.85 Net Interest Income 675 850 873 2.71 29.33
Slide 16: Total Income
Total Income (Rs. in Crore) Particulars Quarter Variation Half Yearly Variation Sep’23 Jun’24 Sep’24 QoQ% YoY% Sep’23 Sep’24 YoY% Interest on Advances 1721 1825 1898 4.00 10.28 3399 3723 9.53 Interest on Investments 663 813 799 (1.72) 20.51 1279 1612 26.04 Other Interest Income 22 14 42 200 90.91 44
Slide 17: Total Expenses
Total Expenses (Rs. in Crore) Particulars Quarter Variation Half Yearly Variation Sep’23 Jun’24 Sep’24 QoQ% YoY% Sep’23 Sep’24 YoY% Interest on Deposits 1612 1669 1746 4.61 8.31 3046 3415 12.11 Interest on Others 119 133 120 (9.77) 0.84 263 253 (3.80) Total Interest Expenses (a) 1731 1802 1866 3.55
Slide 18: Balance Sheet
Balance Sheet (Rs. in Crore) Liabilities As on Sep’23 Mar’24 Jun’24 Sep’24 Capital 6778 6778 6778 6778 Reserve & Surplus 8345 8756 4614 4799 Deposits 116481 119410 120593 124025 Borrowings 7956 9771 10382 9785 Other Liabilities & Provision 2594 2942 2519 2893 Total 142154 147657 144886 148280 Asset
Slide 19: Asset Quality
Asset Quality (Rs. in Crore) Gross NPA (%) Gross NPA 6.23 5,106 4,665 5.43 4.72 4,145 4.21 3,835 Sep'23 Mar'24 Jun'24 Sep'24 Sep'23 Mar'24 Jun'24 Sep'24 Net NPA (%) Net NPA 1.88 1,473 1.63 1.59 1.46 1,350 1,350 1,294 Sep'23 Mar'24 Jun'24 Sep'24 Sep'23 Mar'24 Jun'24 Sep'24 18
Slide 20: Asset Quality
Asset Quality Sector Wise NPA (Rs. in Crore) Slippage Ratio (%) (Qtr) Particulars Quarter Ended Sep’23 Mar’24 Jun’24 Sep’24 0.47 0.45 NNPA Ratio Ratio Ratio Ratio GNPA GNPA GNPA GNPA Ratio 0.34 (%) (%) (%) (%) (%) 0.28 Retail 500 3.36 568 3.54 401 2.29 397 2.05 0.91 Agri 1125 9.54 1228 9.81 1165 9.5
Slide 21: Asset Quality
Asset Quality Provision Coverage Ratio (%) Credit cost (%) (Qtr) SMA1 and SMA2 (Qtr) (Not Annualised) (Rs. in Crore) (A/cs with exposure above Rs. 1 Crore) 88.69 88.54 88.56 0.14 0.11 913 Sep'23 Mar'24 Jun'24 Sep'24 331 506 206 425 (0.05) 88.08 513 574 403 476 387 * Sep'23 Mar'24 Jun'24 Sep'24 Sep'2
Slide 22: Asset Quality
Asset Quality (Rs. in Crore) Fresh Slippages(Qtr) Asset classification 1259 2919 945 2849 871 Retail Agri 928 144 85 81299 62 76800 47 Sep'23 Sep'24 Sep'23 Sep'24 Sep’23 Mar’24 MSME Corporate & Others 521 2774 438 2618 779 850 118 98 16 0 83593 87197 Sep'23 Sep'24 Sep'23 Sep'24 Sep’23 Sep’24 Jun’24
Slide 23: Movement of NPA
Movement of NPA (Rs in Crore) S.No. Particulars Quarter Half Yearly Sep’23 Mar’24 Jun’24 Sep’24 Sep’23 Sep’24 1 Gross NPA Opening Balance 5464 4759 4665 4145 5648 4665 2 Cash recoveries 290 217 157 170 486 277 Out of Above Cash recovery Income 3 71 23 40 74 99 115 Booked 4 Up gradations 169 135 93 1
Slide 24: Key Financial Ratios (Qtr)
Key Financial Ratios(Qtr) Yield on Advances (%) Yield on Investment (%) 7.05 7.06 8.75 8.70 8.67 6.82 8.62 6.76 Sep'23 Mar'24 Jun'24 Sep'24 Sep'23 Mar'24 Jun'24 Sep'24 * *Including Trading Profit 7.85% Cost of Deposit (%) Cost of Fund (%) 5.79 5.74 5.77 5.71 5.70 5.64 5.60 5.67 Sep'23 Mar'24 Jun'24
Slide 25: Key Financial Ratios (Qtr)
Key Financial Ratios(Qtr) Net Interest Margin (%) Return on Asset (%) Business per Employee (Rs. In Lakhs) 0.65 0.52 0.50 2.69 2.71 2,386 2.33 2.32 0.38 2,217 2,335 2,384 Sep'23 Mar'24 Jun'24 Sep'24 Sep'23 Mar'24 Jun'24 Sep'24 Sep'23 Mar'24 Jun'24 Sep'24 Cost to Income Ratio (%) Return on Equity (%)
Slide 26: 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 30.09.2024 No. of Account Outstanding No. of Account Outstanding Personal Loans 6250 556 2639 286 Other Exposures 419 1007 146 466 Total 6669 15
Slide 27: Status of NCLT Accounts
Status of NCLT Accounts Accounts Accounts RBI List I RBI List II Filed Filed by Other Total by Bank Bank 3 A/c 2 A/c 3 A/c 50 A/c 58 A/c 2023 207.32 Cr. 228.38 Cr. 211.45 Cr. 1755.18 Cr. 2402.34 Cr. Provision Provision Provision Provision Provision 100% 100% 100% 99.92% 99.94% 26
Slide 28: Treasury Operations
Treasury Operations (Rs. in Crore) Particulars Sep'23 Mar'24 Jun'24 Sep'24 Domestic Investments 49416 50668 45490 45741 • SLR Investments 31795 32216 32014 32082 • Non-SLR Investments 17621 18452 13476 13659 Category Wise Classification • Held to Maturity (HTM) 35387 36309 29749 30048 • AFS + FVTPL(
Slide 29: Treasury Operations
Treasury Operations (Rs. in Crore) % to Total Particulars Sep'23 Mar'24 Jun'24 Sep'24 (Sep’24) GROSS INVESTMENTS 49416 50668 45490 45741 SLR INVESTMENTS 31795 32216 32014 32082 70.14% (i) HFT - - 2437 3254 7.11% (ii) AFS 8110 7607 7977 7024 15.36% (iii) HTM 23685 24609 21600 21804 47.67% NON-SLR INV
Slide 30: Capital Adequacy
Capital Adequacy (Rs. in Crore) Regulatory Particulars Period Ended Requirement Sep’23 Mar’24 Jun’24 Sep’24 Amount % Amount % Amount % Amount % CET I (Including 8.00 8396 14.53 9252 14.74 9463 14.80 9648 14.55 CCB) AT - 1 Tier I (Including 9.50 8396 14.53 9252 14.74 9463 14.80 9648 14.55 CCB) Tier I
Slide 31: Digital Growth
Digital Growth DI GI TAL UP I P S B UNI C UP I UP I ME RCHANTS ON TRANS ACTI O NS TRANS ACTI O NS RE G I S TRATI O N (I N US E RS QR BO ARDE D (%) (I N CR . ) LAKHS ) (I N LAKHS ) (I N NO . ) (I N NO . ) September 23 86. 55 10. 85 6. 34 18. 11 92, 284 92, 789 September 24 91. 45 17. 65 8. 24 23. 16
Slide 32: Shareholding Pattern & Credit Rating
Shareholding Pattern & Credit Rating Shareholding Pattern Particulars As on 0.62% 1.13% 30.09.23 31.03.24 30.06.24 30.09.24 Share Capital 6777.79 Cr. 6777.79 Cr. 6777.79 Cr. 6777.79 Cr. No. of Shares 677.78 Cr. 677.78 Cr. 677.78 Cr. 677.78 Cr. 98.25% Net Worth 7231.20 Cr. 7835.78 Cr. 8654.99 Cr. 892
Slide 33: Geographical Presence- Expanding Footprints
Geographical Presence- Expanding Footprints 17 Northern 9 Our Reach 971 60 17 173 121 431 164 99 66 6 1580 27 203 Branches North 1075 Eastern ATM’s 32 Western Central Eastern 40 65 346 105 2000 BCs 24 27 18 9 14 346 Districts Covered 46 34 22 Southern 61 3 4 Total Branches 25 Total ATM opened opened
Slide 34: Financial Inclusion: PMJDY, Atal Pension, Bima Yojnas
(In Lacs) PMJDY Accounts Opened Atal Pension Yojna 25.10 6.05 4.78 21.31 Sep'23 Sep'24 Sep'23 Sep'24 Pradhan Mantri Jeevan Jyoti Bima Yojna Pradhan Mantri Suraksha Bima Yojna 9.46 31.19 7.54 25.64 Sep'23 Sep'24 Sep'23 Sep'24 33
Slide 35: New Initiatives
New Initiatives Request Registration Multilingual Stop Cheque in ICEGATE Chequebook in through Aadhaar WhatsApp Banking WhatsApp Banking WhatsApp Banking Customers not having Customer can pay Hindi, Punjabi & Customer can request Customer can request debit cards can also Customs Duty through English
Slide 36: Collaborations
Collaborations MoU with Indian Air Force for MoU with Indian Army for Defence MoU with Indian Coast Guard for MoU with the Punjab Civil Services Defence Accounts Accounts Defence Accounts Officers Association (PCSOA) Collaboration with ISB Mohali for Partnership with Finwizard Tie up with IIM Amrits
Slide 37: Future Initiatives
Future Initiatives UPI Transformation PSB UnIC Projects • UPI PIN Based Payment • UPI Credit Limit Restriction • UPI Lite & LiteX • Transformation of existing Call • Sovereign Gold Bond Center to Profit Center. • e-Statement Registration/ De- • Registration Pre-filled Deposit Slips WhatsApp Banking
Slide 38: Our Renowned Products
Our Renowned Products PSB V4 GST Ease Loan (5. a Maximum Limit upto %500.00 J Lakh SB Scheme fr financing a re ee 05s, fell Roof Top Solar (RI) we Presents ax DEFENCE SALARY & PENSION PACKAGE ~ Pr Bay Sura Gh Be Loan
Slide 39: Contributing to ESG
Contributing to ESG ₹ Solar & Green Energy: Bank has Sanctioned Rs. 95 crore under PM Well Defined Polices: a portfolio of Rs. 259 Crore Svanidhi under this segment. • Strong Risk Management Sanctioned Rs. 437 crore under Policies Bank has introduced digital & Pradhan Mantri Mudra Yojna (PMMY) • Whi
Slide 40: Key Parameters – Guidance for FY'25
Key Parameters – Guidance for FY'25 Parameters Actual as on Sep'24 Guidance for FY'25 Deposit Growth 6.84% 8-10% Advances Growth 11.14% 10-12% RAM % to Total Advances 53.86% >56% Gross NPA 4.21% <4.5% Net NPA 1.46% <1.5% PCR 88.56% 89-90% Recovery & Upgradation 491 Crore > Rs.1000 Crore Credit Cost
Slide 41: 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
Slide 42: Thank You
THANK YOU Loan in 3 Clicks Co-Branded Credit Card Enjoy our seamless Mobile Banking through
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