Punjab & Sind Bank Ltd. · NSE:PSB
Punjab & Sind Bank — Q3 FY2020-21 Earnings Presentation
40 slides from Punjab & Sind Bank's earnings presentation, Feb 9, 2021
Slide 1: Covering letter to stock exchanges
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Slide 2: Reviewed Financial Results for the Quarter/Nine Months ended December 2020
Reviewed Financial Results For the Quarter/Nine Months ended December, 2020 PSB – where service is a way of life….
Slide 3: Contents
Business Performance 4-6 Financial Performance 7-12 Key Financial Ratios 13-15 Capital and Shareholding Pattern 16-17 Investment & Treasury Management 18-19 Priority Sector Lending and Retail Portfolio 20-21 Advances and NPA 22-32 Branch Expansion & Alternate Delivery Channel 33-34 Financial Inclusi
Slide 4: Priority Sector Lending recorded growth
Priority Sector Lending recorded growth 5.61% Q-o-Q Retail Credit Net NPA recorded growth reduced by of 8.20% Q-o-Q 3.03% Q-o-Q CASA (%) to Total Deposits Cost of Deposit improved by improved by 0.17% Q-o-Q 0.28% Q-o-Q PCR improved by 11.87% Q-o-Q PSB - where service is a way of life... 3
Slide 5: Results at a Glance
Results at a Glance (Rs in Crore) QoQ YoY As on As on As on As on As on Parameters 31.12.19 31.03.20 30.06.20 30.09.20 31.12.20 Growth Growth (%) (%) Total 158193 152232 146910 146251 155115 6.06 (1.95) Business Total 92487 89668 85225 84559 90509 7.04 (2.14) Deposits CASA 25572 26518 26977 27253 29
Slide 6: CASA & Retail Term Deposit
CASA & Retail Term Deposit (Rs in Crore) QOQ YOY Parameters Dec'19 Mar’20 Jun’20 Sep‘20 Dec‘20 Growth Growth (%) (%) Current Deposits 2800 3213 2909 3273 3270 (0.09) 16.79 Savings Deposits 22772 23305 24068 23980 26052 8.64 14.40 CASA Deposits 25572 26518 26977 27253 29322 7.59 14.66 CASA (%) to Tot
Slide 7: CD Ratio
CD Ratio 72.96 73 72.38 72.5 72 71.38 71.5 71.04 CD Ratio 71 70.5 69.77 70 69.5 69 68.5 68 Dec 19 Mar 20 Jun 20 Sept 20 Dec 20 PSB - where service is a way of life... 6
Slide 8: Total Income
Total Income (Rs in Crore) Full Variat Quarter Variation Nine Month Year ion Particulars Mar’20 Dec’19 Jun’20 Sep’20 Dec’20 QoQ% YoY% Dec’19 Dec’20 % Total Income (1+2) 8827 2077 1954 1999 1983 (0.80) (4.53) 6537 5936 (9.19) 1) Interest Income 7930 1941 1800 1800 1763 (2.06) (9.17) 6025 5363 (10.99)
Slide 9: Non Interest Income
Non Interest Income (Rs in Crore) Full Variat Quarter Variation Nine Month Year ion Particulars Mar’20 Dec’19 Jun’20 Sep’20 Dec’20 QoQ% YoY% Dec’19 Dec’20 % Comm. , Exchange, 89 22 18 28 24 (14.29) 9.09 66 70 6.06 Brokerage Exchange Earned 23 7 4 6 7 16.67 0.00 18 17 (5.56) on Forex Profit on Sale o
Slide 10: Total Expenditure
Total Expenditure (Rs in Crore) Full Varia Quarter Variation Nine Month Year tion Particulars Mar’20 Dec’19 Jun’20 Sep’20 Dec’20 QoQ% YoY% Dec’19 Dec’20 % Total Expenses 7730 1930 1728 1768 1843 4.24 (4.51) 5870 5339 (9.05) Interest Expenses 5872 1464 1263 1186 1147 (3.29) (21.65) 4472 3596 (19.59)
Slide 11: Other Operating Expenses
Other Operating Expenses (Rs in Crore) Full Variat Quarter Variation Nine Month Year ion Particulars Mar’20 Dec’19 Jun’20 Sep’20 Dec’20 QoQ% YoY% Dec’19 Dec’20 % Rent, Taxes & 138 33 29 39 101 37 (5.13) 12.12 105 3.96 Lighting Printing & Stationery 9 3 1 3 2 (33.33) (33.33) 9 6 (33.33) Advertisement
Slide 12: Operating Profit
Operating Profit (Rs in Crore) Full Variati Quarter Variation Nine Month Year on Particulars Mar’20 Dec’19 Jun’20 Sep’20 Dec’20 QoQ% YoY% Dec’19 Dec’20 % Interest Income 7930 1941 1800 1800 1763 (2.06) (9.17) 6025 5363 (10.99) Interest 5872 1464 1263 1186 1147 (3.29) (21.65) 4472 3596 (19.59) Expens
Slide 13: Net Profit
Net Profit (Rs in Crore) Full Vari Quarter Variation Nine Month Year ation Particulars- Mar’20 Dec’19 Jun’20 Sep’20 Dec’20 QoQ% YoY% Dec’19 Dec’20 % Operating Profit 1097 147 226 231 140 (39.39) (4.76) 667 597 (10.49) Provision for NPA 2308 464 331 845 1482 75.38 219.40 1625 2658 63.57 Tax Expense (
Slide 14: Cost & Yield Ratios
Cost & Yield Ratios Full Quarter Nine Month Year Particulars Mar’20 Dec’19 Jun’20 Sep’20 Dec’20 Dec’19 Dec’20 A Cost of Deposits (%) 6.04 6.04 5.47 5.25 4.97 6.10 5.23 B Cost of Funds (%) * 5.37 5.34 4.9 4.66 4.30 5.43 4.61 C Yield on Advances(%) 8.54 8.27 8.14 8.32 7.92 8.57 8.12 Yield on Investmen
Slide 15: Other Ratios
Other Ratios Full Quarter Nine Month Year Particulars Mar’20 Dec’19 Jun’20 Sep’20 Dec’20 Dec’19 Dec’20 A Cost to Income Ratio % 62.88 76.03 67.33 71.52 83.23 67.70 74.46 i. Staff Cost to Income 40.99 49.13 46.20 51.3 62.27 44.56 53.71 Ratio % ii. Other Overheads to 21.89 26.90 21.13 20.22 20.96 23.1
Slide 16: Productivity Ratios
Productivity Ratios DEC‘19 Mar’20 Jun‘20 Sep’20 DEC‘20 Particulars (QTR) (QTR) (QTR) (QTR) (QTR) Business * per Branch 104.01 99.76 96.27 95.84 101.45 (Rs. in Crore) Business per Employee 17.49 16.98 16.59 16.15 17.32 (Rs. in Crore) Profit Per Branch (Rs. in (67.19) (15.48) (7.66) (105.18) (621.46)
Slide 17: Capital Adequacy
Capital Adequacy (Rs in Crore) Dec 19 Mar 20 Jun 20 Sep 20 Dec 20 Particulars (Basel III) (Basel III) (Basel III) (Basel III) (Basel III) Capital Funds :- Total (Tier I + Tier II) 6845.60 6397.89 6276.39 5417.99 8389.38 Tier I 5324.78 4805.91 4636.32 3917.30 6859.72 Tier II 1520.83 1591.98 1640.07 1
Slide 18: Share Holding Pattern as on 31-12-2020
Share Holding Pattern as on 31- 31-12- 12-2020 31.12.19 31.03.20 30.06.20 30.09.20 31.12.20 • Share 701.05 Cr 701.05 Cr 701.05 Cr 701.05 Cr 701.05 Cr Capital Others 10.95% • No. of 70.10 Cr Shares 70.11 Cr 70.10 Cr 70.10 Cr 70.10 Cr LIC • Net 5.99% 3398.28 Cr 2917.44 Cr 2762.76 Cr 2132.35 Cr * (765.
Slide 19: Investments
Investments (Rs in Crore) % to Total Particulars Dec 19 Mar 20 Jun 20 Sep 20 Dec 20 (Dec 20) GROSS INVESTMENTS 26908.14 24946.38 24548.59 24626.17 30849.11 100% SLR INVESTMENTS i) Treasury Bills 471.36 0.00 143.49 395.35 395.35 1.28% ii) CG securities 13566.54 12094.32 11340.84 10988.69 10902.30 35.
Slide 20: Treasury Management
Treasury Management (Rs in Crore) % to Total Particulars Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 % Growth (Dec20) Gross Investment 26908.14 24946.38 24548.59 24626.17 30849.11 25.27% 100% SLR Investment 20992.84 19066.74 18560.02 18593.11 18398.89 -1.04% 59.64% of which i) HFT 0.00 0.00 0.00 140.64 0.00
Slide 21: Priority Sector Lending
Priority Sector Lending (Rs in Crore) % to Increase Increase Sl. Particulars Dec’19 Mar’20 Jun’20 Sep’20 Dec’20 ANBC YoY % QoQ % (Dec’ 20) 1 Agriculture 11328 11168 10518 11206 12049 6.36 7.52 17.89 Out of which, 6566 6246 5883 6284 6814 3.78 8.43 10.12 S&MF 2 MSME 11313 11406 10478 11506 12297 8.70
Slide 22: Retail Portfolio
Retail Portfolio (Rs in Crore) YoY QoQ Particulars Dec’19 Mar’20 Jun’20 Sep’20 Dec’20 Growth Growth % % Retail 16415 16552 15472 16676 18042 9.91 8.20 % of Gross Advances 25.00 26.46 25.08 27.03 27.93 Break up of Retail Portfolio as on % To Segment 31.12.19 31.03.20 30.06.20 30.09.20 31.12.20 Total
Slide 23: Composition of Advances
Composition of Advances (Rs in Crore) Variation over Outstanding as of % to Dec’19 Gross Particulars Advances (Dec’20) Dec’19 Mar’20 Jun’20 Sep’20 Dec’20 Amt % Agriculture (Excluding 9493.32 9208.05 8648.84 9238.46 9945.09 451.77 4.76 15.39 RIDF) MSME 10698.99 10727.92 9864.95 10908.47 11648.13 949.
Slide 24: Exposure to Major Industries
Exposure to Major Industries (Rs in Crore) Dec’19 Mar’20 Dec’20 Sector Amount % age Amount % age Amount % age Infrastructure 14508.27 22.08 12584.39 20.11 14158.79 21.92 (Out of Which) Power 5372.83 8.18 3546.73 5.67 4128.20 6.39 Telecom 984.48 1.50 1189.57 1.90 1406.13 2.18 Roads, Ports, Railways 3
Slide 25: Exposure to Power Sector
Exposure to Power Sector (Rs in Crore) Particular 31.12.2020 % to Total Exp. % to Total Power Central Govt. 0 0 0 State Govt. 921.15 1.43% 22.31% Private 3207.05 4.96% 77.69% Total 4128.2 6.39% 100.00% PSB - where service is a way of life... 24
Slide 26: Total Restructured Accounts
Total Restructured Accounts (Rs in Crore) Fresh Decremented facilities Restructured Sr. Restructured (turned NPA/ Cease to Period Additional/ Total No Amount attract/conversion of Incremental DISCOM debt into bonds ) facility 1 Up to 2019-20 426.58 385.11 228.57 583.12 2 2020-21 (Q1) 583.12 159.45 1
Slide 27: Restructured Advances
Restructured Advances (Rs in Crore) Dec’19 Mar’20 Jun’20 Sep’20 Dec’20 Sector Amount % age Amount % age Amount % age Amount % age Amount % age Agriculture 0.69 0.20 9.69 1.66 8.92 1.57 9.17 1.66 18.70 1.56 Power 5.79 1.69 62.20 10.67 83.49 14.68 76.62 13.86 86.98 7.24 Textiles 1.95 0.57 5.86 1.00 4.
Slide 28: S4A, SDR and Flexible Restructuring Details
S4A, SDR and Flexible Restructuring Details (Rs in Crore) Standard (as on Dec-2020) NPA (as on Dec-2020) Name of No. of Fund Based Balance No. of Fund Based Balance the Scheme Borrowers outstanding (` In Crore) Borrowers outstanding (` In Crore) S4A 0 0 0 0 SDR 0 0 0 0 5/25 5 968.01 1 148.86 TOTAL 5
Slide 29: Restructured Accounts Sectorwise
Restructured Accounts Sectorwise (Rs in Crore) S.No Restructured Accounts As on 31.12.2019 As on 31.03.2019 As on 31.12.2020 1 State Discoms 0.00 16.25 39.27 2 Aviation (Air India) 0.00 0.00 00 3 Under CDR/JLF 0.00 131.57 0.00 4 Under MSME 115.46 2.46 480.15 5 Others 226.28 264.40 681.56 6 Total 341
Slide 30: NPA
NPA (Rs in Crore) Particulars Dec’19 Mar’20 Jun’20 Sep’20 Dec’20 Gross NPA 8923.49 8874.57 8848.06 8673.16 8489.89 Gross NPA as % of Gross 14.34 14.06 13.58 14.18 13.14 Advances NET NPA 5417.79 4684.15 4326.41 3306.52 1638.25 NET NPA as % of Net 7.57 5.87 8.71 8.03 2.84 Advances Provision Coverage R
Slide 31: Priority Sector NPA
Priority Sector NPA (Rs. In Crore) Dec – 2019 Dec – 2020 Sector Outstanding NPA % NPA Outstanding NPA % NPA Total Advances 65706 8923 13.58 64606 8490 13.14 Total Priority Sector (With RIDF) 27997 29647 Total Priority Sector 25115 3214 12.80 26550 3000 11.30 A. Total Agriculture Advances 9493 1010 9
Slide 32: Industry Wise Corporate NPAs
Industry Wise Corporate NPAs (Rs in Crore) Industry Dec’19 Mar’ 20 Jun’ 20 Sep’20 Dec’20 Iron and Steel 312.33 312.96 312.95 312.95 269.03 Engineering 80.24 82.84 84.48 86.79 86.18 Textile 475.65 431.89 462.03 459.87 404.02 Infra-energy 704.25 702.79 702.79 693.91 690.35 Infra-Transport 692.48 656.5
Slide 33: Movement of NPA
Movement of NPA (Rs in Crore) Full Nine month Sr. Particulars Quarter Year ended No Mar’20 Dec’19 Jun’20 Sep’20 Dec’20 Dec’19 Dec’20 Gross NPA Opening 1 Balance 8605.87 9218.22 8874.57 8848.06 8673.16 8605.17 8874.57 2 Cash recoveries 549.38 169.09 66.96 181.37 122.73 431.93 368.11 Out of Above Cash
Slide 34: Branch Expansion
Branch Expansion 1518 1521 1526 1529 1750 568 569 1400 563 564 (37%) (37%) (37%) Rural (37%) 1050 279 278 278 Semi-Urban 279 (18%) (18%) (18%) (18%) 700 355 Urban 351 356 353 (23%) (23%) (23%) (23%) 350 324 327 Metro 325 325 (22%) (22%) (22%) (22%) 0 Mar-19 Dec-19 Mar-20 Dec-20 PSB - where service i
Slide 35: Alternate Delivery Channels
Alternate Delivery Channels CBS BRANCHES INTERNET BANKING USERS 1528 600000 1526 1524 500000 1522 400000 266281 566849 549196 534069 525764 1520 452384 300000 1518 1526 1526 1526 200000 1516 1514 100000 1512 1517 1514 0 1510 1508 2017-18 2018-19 2019-20 2020-21(Q1) 2020-21(Q2) 2020-21(Q3) MOBILE BAN
Slide 36: Financial Inclusion
Financial Inclusion • Bank has opened 13.76 lac accounts under PMJDY and mobilized deposit of Rs.584 Crore. Average deposit per account is Rs.4244/-. • As on 31.12.2020, Aadhaar Seeding percentage under PMJDY accounts is 87%. • The bank has adopted individual Bank Mitr Model. All the 353 Bank Mitrs
Slide 37: Pradhan Mantri Jan Dhan Yojana
Pradhan Mantri Jan Dhan Yojana Cumulative position of Pradhan Mantri Jan-Dhan Yojana Schemes Scheme 31.12.19 31.03.20 30.06.20 30.09.20 31.12.20 Number of Accounts opened 1324283 1324372 1298361 1342736 1376598 Number of Active Accounts 1131714 1135925 1055432 1095330 1126122 Deposits in accounts (R
Slide 38: Pradhan Mantri Social Security Schemes
Pradhan Mantri Social Security Schemes No. of Enrolments Scheme 31/12/2019 31/03/2020 30/06/2020 30/09/2020 31/12/2020 Atal Pension Yojana 1,81,869 1,90,272 1,90,388 2,11,788 2,37,217 Pradhan Mantri Jeevan Jyoti Bima 2,60,807 2,79,693 2,82,675 2,98,445 3,14,515 Yojna Pradhan Mantri Suraksha Bima 11,
Slide 39: Pradhan Mantri Mudra Yojna
Pradhan Mantri Mudra Yojna (Rs in Crore) Performance of Pradhan Mantri Mudra Yojna As on 31.12.2019 As on 31.12.2020 S Scheme Sanctioned Disbursed Sanctioned Disbursed l No. A/cs No. A/cs Amount Amount Amount Amount Shishu (Loan 1 5142 20.39 18.26 43639 50.86 38.69 upto Rs. 50,000/-) Kishore (Loan 2
Slide 40: PSB - where service is a way of life...
PSB - where service is a way of life... 39
Punjab & Sind Bank — Q3 FY2020-21 Earnings Presentation on 6ix