Punjab & Sind Bank Ltd. · NSE:PSB
Punjab & Sind Bank — Q4 FY2023-24 Earnings Presentation
40 slides from Punjab & Sind Bank's earnings presentation, May 2024
Slide 1: Financial Performance Q4 (FY 2023-24) Analyst Presentation
Financial Performance Q4 (FY 2023-24) Analyst Presentation 1
Slide 2: Agenda
Key Highlights & Business Performance 3-12 Asset Quality 13-17 Financial Performance & Balance Sheet 18-23 Covid Framework & NCLT Status 24-25 Treasury Operations 26-27 Capital Adequacy 28 Digital Journey & Shareholding Pattern 29-30 Geographical Presence, Financial Inclusion 31-32 Initiatives 33-34
Slide 3: Key Highlights (FY'24 vis-a-vis FY'23)
Key Highlights (FY’24 vis-a-vis FY’23) 7.72% 6.15% 8.89% 5.09% 29.89% Total Business Advances Deposits CASA Non Interest Rs.205374 Cr. Rs.85964 Cr. Rs.119410 Cr. Rs.38708 Cr. Income Rs.1221 Cr. 21.53% 99 Bps Slippage Ratio Net NPA Gross NPA 1.28% 1.63% Core Fee Yield on 5.43% Income Advance Rs.491 C
Slide 4: Key Highlights (Q4'24 vis-a-vis Q3'24)
Key Highlights (Q4’24 vis-a-vis Q3’24) 27 Bps 14.09% 21.30% 21.93% RAM % to Non Interest Operating Cost to Income Net Profit Total Advances Profit Income Ratio Rs. 413 Crore Rs.139 Cr. 51.73 Rs.336 Cr. 69.49% 535 Bps 7 Bps 106 Bps 53 Bps Gross NPA Net NPA 5.43% 1.63% Return on Return on PCR Asset Eq
Slide 5: Overall Business mix
Overall Business mix (Rs. in crores) Total Deposits Total Advances 1,19,410 85,964 1,18,355 8.89% 6.15% YoY YoY 83,559 1,09,665 Average 80,982 Average Deposits Advances 7.52% 7.32% YoY YoY Mar'23 Dec'23 Mar'24 Mar'23 Dec'23 Mar'24 Particulars Period Ended Variation Mar’23 Dec’23 Mar’24 QoQ YoY Total
Slide 6: Liability Franchise
Liability Franchise (Rs. in Crores) CASA Retail Term Deposits (Below 2 Cr.) 49,536 38,785 38,708 5.09% 48,255 8.04% YoY YoY 36,833 45,849 Mar'23 Dec'23 Mar'24 Mar'23 Dec'23 Mar'24 Particulars Period Ended Variation Mar’23 Dec’23 Mar’24 QoQ YoY Current Deposits 4975 4607 5176 12.35 4.04 Savings Depos
Slide 7: Diversified loan book - Advances Mix
Diversified loan book - Advances Mix Retail 14.96% Parameters Variation Advances Mix 16,034 Period Ended YoY 13,947 17.22% Mar'23 Dec’23 Mar’24 QoQ YoY 14.56% 49.88% 18.35% Mar'23 Mar'24 Advances 80982 83559 85964 2.88 6.15 Agri 6.25% Mar’23 12,524 YoY 11,787 Retail 13947 15305 16034 4.76 14.96 Corp
Slide 8: Core Retail Lending Portfolio
Core Retail Lending Portfolio (Rs. in Crores) Home Loan Vehicle Loan Gold loan 9.26% 2,249 20.40% 27.00% 2,126 YoY YoY 953 983 YoY 8,946 8,867 1,868 774 8,188 Mar'23 Dec'23 Mar'24 Mar'23 Dec'23 Mar'24 Mar'23 Dec'23 Mar'24 8
Slide 9: Advances Breakup of Major Industries / Sectors
Advances Breakup of Major Industries / Sectors (Rs. in Crores) Sector Period Ended Mar '23 Dec '23 Mar '24 % to Total % to Total % to Total Amount Amount Amount Advances Advances Advances Infrastructure 15498 19.14 15863 18.98 14882 17.31 (Out of Which) Energy 5755 7.11 5483 6.56 5567 6.48 Telecommu
Slide 10: Rating Profile of NBFCs
Rating Profile of NBFCs (Rs. in Crores) Sector Period Ended Credit Optimized Growth- Movement of Credit RWA Density (%) Mar’23 Dec’23 Mar’24 Particulars % to % to % to 58.20 Amount Amount Amount Total Total Total AAA rated 7783 58.47 8212 66.33 7865 65.73 AA rated 5070 38.09 3782 30.55 3760 31.43 55
Slide 11: Credit Profile
Credit Profile Credit – External Rating Wise (Above Rs. 5 Cr.) (Rs. in Crores) Particulars Period Ended 9.81% 26.27% Mar’23 Dec’23 Mar’24 28.32% % to % to % to 17.35% Amount Amount Amount Total Total Total 5.15% 3.60% 9.50% AAA rated 11469 26.27 10039 21.28 10985 22.02 AA rated 7575 17.35 9856 20.89
Slide 12: Priority Sector Lending
Priority Sector Lending S No. Particulars Mandated Targets Mar’24 1 Priority Sector % to ANBC 40.00% 45.27% 2 Agriculture - PS % to ANBC 18.00% 18.58% 3 Small and Marginal Farmers (SMF) % to ANBC 10.00% 10.16% 4 Weaker Section % to ANBC 12.00% 11.34% 5 Micro Enterprises (PS) % to ANBC 7.50% 11.84% 1
Slide 13: Asset Quality
Asset Quality (Rs. in Crores) Gross NPA (%) Gross NPA 6.97 5.70 5,648 5.43 4,759 4,665 Mar'23 Dec'23 Mar'24 Mar'23 Dec'23 Mar'24 Net NPA (%) Net NPA 1.84 1.80 1,444 1,412 1.63 1,350 Mar'23 Dec'23 Mar'24 Mar'23 Dec'23 Mar'24 13
Slide 14: Asset Quality
Asset Quality (Rs. in Crores) Sector Wise NPA Slippage Ratio (Full Year) Particulars Period Ended 1.46 Mar’23 Dec’23 Mar’24 1.28 Ratio Ratio Ratio GNPA GNPA GNPA (%) (%) (%) Retail 478 3.43 500 3.27 568 3.54 Mar'23 Mar'24 Agri 1027 8.71 1122 9.36 1228 9.81 Provision Coverage Ratio MSME 1441 9.70 148
Slide 15: Asset Quality
Asset Quality (Rs. in Crores) Slippage Ratio (Qtr) Credit cost (Qtr) (Not Annualised) SMA1 and SMA2 (Qtr) (A/cs with exposure above Rs. 1 Crore) 0.63 0.14 689 406 206 0.47 Mar'23 Dec'23 Mar'24 0.30 118 393 513 Mar'23 Dec'23 Mar'24 % to Gross Mar'23 Dec'23 Mar'24 1.00 0.96 0.84 -0.38 -0.40 Advance SM
Slide 16: Asset Quality
Asset Quality (Rs. in Crores) Fresh slippages(Qtr) Asset classification 1862 2893 984 2839 936 231 893 184 75334 78800 149 Mar’23 Dec’23 115 945 2849 871 62 60 81299 11 5 Retail Agri MSME Corporate and Others Mar’24 Mar'23 Mar'24 Standard Sub-Standard Doubtful Loss 16
Slide 17: Movement of NPA
Movement of NPA (Rs in Crore) S.No. Particulars Quarter Year Ended Mar’23 Dec’23 Mar’24 Mar’23 Mar’24 1 Gross NPA Opening Balance 6500 5106 4759 8565 5648 2 Cash recoveries 562 443 217 1380 1077 3 Out of Above Cash recovery Income Booked 5 46 23 74 168 4 Up gradations 170 185 135 235 249 5 Technical
Slide 18: Operating & Net Profit
Operating & Net Profit (Rs. in Crores) Particulars Quarter Variation Year Ended Variation Mar’23 Dec’23 Mar’24 QoQ% YoY% Mar’23 Mar’24 YoY% Interest Income 2105 2491 2481 (0.40) 17.86 7993 9694 21.28 Interest Expenses 1421 1752 1792 2.28 26.11 5020 6853 36.51 Net Interest Income 684 739 689 (6.76) 0
Slide 19: Total Income
Total Income (Rs. in Crores) Particulars Quarter Variation Year Ended Variation Mar’23 Dec’23 Mar’24 QoQ% YoY% Mar’23 Mar’24 YoY% Interest on Advances 1491 1784 1768 (0.90) 18.58 5503 6951 26.32 Interest on Investments 591 683 694 1.62 17.43 2359 2656 12.59 Other Interest Income 23 24 19 (20.83) (17
Slide 20: Total Expenses
Total Expenses (Rs. in Crores) Particulars Quarter Variation Year Ended Variation Mar’23 Dec’23 Mar’24 QoQ% YoY% Mar’23 Mar’24 YoY% Interest on Deposits 1317 1615 1651 2.23 25.36 4718 6312 33.79 Interest on Others 104 136 141 3.68 35.58 302 541 79.14 Total Interest Expenses (a) 1421 1752 1792 2.34 2
Slide 21: Balance Sheet
Balance Sheet (Rs. in Crores) Liabilities As on Mar’23 Dec’23 Mar’24 Capital 6778 6778 6778 Reserve & Surplus 8331 8459 8756 Deposits 109665 118355 119410 Borrowings 9018 8811 9771 Other Liabilities & Provision 2662 2858 2942 Total 136454 145261 147657 Asset As on Mar’23 Dec’23 Mar’24 Cash & Balance
Slide 22: Key Financial Ratios(Qtr)
Key Financial Ratios(Qtr) Yield on Advances Yield on Investment 8.91 6.84 6.82 8.67 7.85 6.51 Mar'23 Dec'23 Mar'24 Mar'23 Dec'23 Mar'24 Cost of Deposit Cost of Fund 5.71 5.77 5.63 5.71 4.90 4.98 Mar'23 Dec'23 Mar'24 Mar'23 Dec'23 Mar'24 22
Slide 23: Key Financial Ratios(Qtr)
Key Financial Ratios(Qtr) In (%) Business per Employee (Rs. In Lakhs) 2,335 Particulars Mar’23 Dec’23 Mar’24 2,275 2,145 Net Interest Margin 2.53 2.54 2.32 Mar'23 Dec'23 Mar'24 Cost to Income Ratio 56.45 74.84 69.49 Business per Branch (Rs. In Lakhs) Return on Asset 1.33 0.31 0.38 13,131 12,935 12,4
Slide 24: 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 31.03.2024 No. of Account Outstanding No. of Account Outstanding Personal Loans 6250 556 2817 312 Other Exposures 419 1007 157 491 Total 6669 15
Slide 25: Status of NCLT Accounts
Status of NCLT Accounts Accounts Filed Accounts RBI List I RBI List II by Bank Filed by Other Total Bank 3 A/c 1 A/c 2 A/c 48 A/c 54 A/c 207.32 Cr. 22.73 Cr. 120.24 Cr. 1781.11 Cr. 2131.40 Cr. 100% Provision 100% Provision 100% Provision 99.62% Provision 99.68% Provision 25
Slide 26: Treasury Operations
Treasury Operations (Rs. in Crores) Particulars Mar '23 Dec'23 Mar'24 Domestic Investments 45464 50987 50668 • SLR Investments 28977 32133 32216 • Non-SLR Investments 16487 18854 18452 Category Wise Classification • Held to Maturity (HTM) 33934 36156 36309 • Available for Sale (AFS + HFT) 11530 1483
Slide 27: Treasury Operations
Treasury Operations (Rs. in Crores) % to Total Particulars Mar'23 Dec'23 Mar'24 (Mar’24) GROSS INVESTMENTS 45464 50987 50668 100.00 SLR INVESTMENTS 28977 32133 32216 63.58 (i) HFT - - - - (ii) AFS 6754 7679 7607 15.01 (iii) HTM 22223 24454 24609 48.57 NON-SLR INVESTMENTS (i) PSU Bonds 2518 3451 3335
Slide 28: Capital Adequacy
Capital Adequacy (Rs. in Crores) Regulatory Particulars Requirement Period Ended Mar’23 Dec’23 Mar’24 Amount % Amount % Amount % CET I (Including CCB) 8.00 7990 14.32 8455 13.75 9252 14.74 AT - 1 - - - - Tier I (Including CCB) 9.50 7990 14.32 8455 13.75 9252 14.74 Tier II 1553 2.78 1463 2.38 1519 2.
Slide 29: Digital Growth
Digital Growth Digital Transactions PSB UnIC Registration Digital Transactions (% of UPI Transactions (In Cr.) (No. in Cr.) (In Lakhs) Total Transaction) 32.94 7.17 44.50 90.05 4.96 21.13 28.62 83.38 Mar'23 Mar'24 Mar'23 Mar'24 Mar'23 Mar'24 Mar'23 Mar'24 Merchants On boarded UPI QR (In No.) UPI Use
Slide 30: Shareholding Pattern
Shareholding Pattern Particulars As on 31.03.23 31.12.23 31.03.24 Share Capital 6777.79 Cr 6777.79 Cr 6777.79 Cr 0.62% 1.13% No. of Shares 677.78 Cr 677.78 Cr 677.78 Cr Net Worth 6785.94 Cr 7453.51 Cr 7835.78 Cr 98.25% Particulars As on 31.03.23 31.12.23 31.03.24 Govt. of India 98.25 98.25 98.25 LIC
Slide 31: Geographical Presence- Expanding Footprints
Geographical Presence- Expanding Footprints 17 Northern 8 Our Reach 970 60 174 17 121 431 6 164 98 65 1564 27 201 Branches North Eastern 1033 ATM’s 31 Western Central Eastern 40 63 344 101 1709 BC 24 27 18 8 12 332 Districts Covered 44 34 21 Southern 2 2 55 Total Branches 25 Total ATM opened opened
Slide 32: PMJDY Accounts Opened and Social Security Schemes
20.73% PMJDY Accounts Opened Atal Pension Yojna 24.56% YoY 23.30 YoY 5.63 19.30 4.52 Mar'23 Mar'24 Mar'23 Mar'24 Pradhan Mantri Jeevan Jyoti Bima Yojna Pradhan Mantri Suraksha Bima Yojna 8.48 28.37 29.27% 30.92% 6.56 21.67 YoY YoY Mar'23 Mar'24 32 Mar'23 Mar'24
Slide 33: New Digital Initiatives (FY 2023-24)
NEW DIGITAL INITIATIVES (FY 2023-24) PSB UnIC Android POS Utility Bill Payment UPI Sound Box • PFMS • Big Android Screen • Mobile Recharge • Instant Audio confirmation • Online Corporate FD/RD • Contactless Payment • Credit Card Bill Payment • Amount Display • Statement over email • Dynamic QR • Don
Slide 34: New Initiatives (FY 2023-24)
NEW INITIATIVES (FY 2023-24) Human Operational Collaborations Digital Resource • Segregation of the • Recruitment of CXOs • Tie up with WDRA for • WhatsApp Banking process of sourcing and financing against sanction of credit • Engaged Chief Defense E-warehouse receipts. • Android PoS proposals. Advi
Slide 35: Contributing to ESG
Contributing to ESG Environment Social Governance Solar & Green Energy: Bank has Sanctioned Rs.85 crore under PM Well Defined Polices: a portfolio of Rs.210 Crore Svanidhi under this segment. • Strong Risk Management Sanctioned Rs.1960 crore under Policies Pradhan Mantri Mudra Yojna • Whistle Blower
Slide 36: Awards & Recognitions
AWARDS & RECOGNITIONS Secured the #1 #2 spot under the Position for Top collaborative Improvement in development- Ease 5.0 Reforms. focused banking theme. 36 36
Slide 37: Key Parameters – Guidance for FY'25
Key Parameters – Guidance for FY'25 Parameters Guidance for FY'25 Deposit Growth 8-10% Advances Growth 10-12% Gross NPA <4.5% Net NPA <1.5% PCR 89-90% Recovery & Upgradation Above Rs.1000 Crore Credit Cost <1% Slippage Ratio <1.25% 37
Slide 38: Our Products
PLATINUM GOLD SILVER FEATURES Gee Gi ‘SWEEP.OUT) Teed e PSB GOLD LOAN PSB Swarna ki PSB Scheme for financing Roof Top Solar (RTS) / Project Backed by PM Surya Ghar:Muft Bijli Yojana Subsidy Van ABI J Available £/ ; N Repayment Period Collateral Security Loan upto \Z/ eA EME | teats vausten | rrocess
Slide 39: 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 40: Thank You
Our New Corporate Office THANK YOU East Kidwai Nagar, New Delhi
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