Punjab & Sind Bank Ltd. · NSE:PSB
Punjab & Sind Bank — Q3 FY2019-20 Earnings Presentation
45 slides from Punjab & Sind Bank's earnings presentation, Feb 13, 2020
Slide 1: Exchange filing cover letter for results presentation
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Slide 2: Reviewed Financial Results for the Quarter/Nine Months ended December 2019
Reviewed Financial Results For the Quarter/Nine Months ended December, 2019 PROUDLY CELEBRATES 112th YEAR OF SERVICE TO THE NATION PSB – where service is a way of life….
Slide 3: Index
Index Sl. No. Particulars Slide No. Sl. No. Particulars Slide No. 1 Statutory Central Auditors 3 21 Composition Of Advances 27 2 Share Holding Pattern 4 22 Exposure to Major Industries 28 3 Branch Expansion 5 23 Exposure to Infrastructure 29 4 Other Highlights 6-8 24 Total Restructured Accounts 30 5
Slide 4: 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 56.52% of Total Advances of the Bank. Tota
Slide 5: Share Holding Pattern as on 31-12-2019
Share Holding Pattern as on 31-12-2019 31.12.18 31.03.19 30.06.19 30.09.19 31.12.19 • Share 564.91 Cr 564.91 Cr 602.06 Cr 602.06 Cr 701.05 Cr Capital Others • No. of 56.49 Cr 56.49 Cr 60.21 Cr 60.21 Cr 70.11 Cr 10.95% Shares • Net 3833.90 Cr 3652.26 Cr 3668.39 Cr 2968.80 Cr 3398.28 Cr LIC Worth 5.99
Slide 6: Branch Expansion
Branch Expansion 1514 1518 1518 1521 1750 563 564 1400 561 563 (37%) (37%) (37%) Rural (37%) 1050 278 279 279 Semi-Urban 279 (18%) (18%) (18%) (18%) 700 353 Urban 350 351 351 (23%) (23%) (23%) (23%) 350 325 325 Metro 325 325 (22%) (22%) (22%) (22%) 0 Mar-18 Dec-18 Mar-19 Dec-19 PSB - where service i
Slide 7: Result Highlights - December, 2019
Result Highlights - December, 2019 Business of the bank stood at Rs.158193 crore as on 31.12.2019 against Rs.161558 crore as on 30.09.2019 mainly due to de-growth in advances and deposits as a part of Bank’s strategy in view of capital constraints and shedding of bulk deposits. Deposits have decreas
Slide 8: Result Highlights - December, 2019
Result Highlights - December, 2019 Cost of deposits has improved by 12 basis points from 6.16% (Sep’ 19 qtr) to 6.04% (Dec’19 qtr). Yield on Advances has decreased to 8.27% during Dec’19 qtr as compared to 8.69% (Sep’ 19 qtr) mainly due to de-recognition of interest income of Rs.63 crore during the
Slide 9: Result Highlights - December, 2019
Result Highlights - December, 2019 Return on Assets (Annualized) has improved from (-)1.70% (Sep ’19 qtr) to (-)0.93% (Dec ’19 qtr) due to decrease in net loss. In spite of fresh slippages, Gross NPA has decreased from Rs.9218 crore as on 30.09.2019 to Rs.8923 crore as on 31.12.2019 due to technical
Slide 10: Results at a Glance
Results at a Glance (Rs in Crore) QoQ YoY As on As on As on As on As on Parameters 31.12.18 31.03.19 30.06.19 30.09.19 31.12.19 Growth Growth (%) (%) Total 171157 171304 163609 161558 158193 (2.08) (7.57) Business Total 99752 98557 94634 93971 92487 (1.58) (7.28) Deposits CASA 24429 26407 24360 2461
Slide 11: CASA & Retail Term Deposit
CASA & Retail Term Deposit 40000 36139 36790 33902 35193 35000 32143 30000 26407 25572 24429 24360 24619 21431 21762 21796 22772 CA 25000 21057 20000 SB 15000 CASA 10000 RTD 4976 3372 2598 2823 2800 5000 0 Dec 2018 March 2019 Jun 2019 Sep 2019 'Dec 2019 (Rs in Crore) QOQ YOY Parameters Dec'18 Mar’19
Slide 12: Average Deposits and Advances
Average Deposits and Advances (Rs in Crore) 120000 100798 99239 94926 93597 100000 92213 71647 69660 68394 80000 72159 Average Advances 66892 Average Deposits 60000 40000 20000 0 Dec 2018(Qtr) Mar 2019(Qtr) Jun 2019(Qtr) Sept 2019(Qtr) Dec 2019(Qtr) PSB - where service is a way of life... 11 of 44
Slide 13: CD Ratio
CD Ratio 73.81 74 73.5 72.89 73 72.5 71.92 CD Ratio 72 71.58 71.5 71.04 71 70.5 70 69.5 Dec 18 Mar 19 Jun 19 Sept19 Dec 19 PSB - where service is a way of life... 12 of 44
Slide 14: Total Income
Total Income (Rs in Crore) Full Variat Quarter Variation Nine Month Year ion Particulars Mar’19 Dec’18 Jun’19 Sep’19 Dec’19 QoQ% YoY% Dec’18 Dec’19 % Total Income (1+2) 9387 2337 2237 2223 2077 (6.57) (11.13) 7083 6537 (7.71) 1) Interest Income 8559 2156 2070 2014 1941 (3.62) (9.97) 6541 6025 (7.89)
Slide 15: Non Interest Income
Non Interest Income (Rs in Crore) Full Variat Quarter Variation Nine Month Year ion Particulars Mar’19 Dec’18 Jun’19 Sep’19 Dec’19 QoQ% YoY% Dec’18 Dec’19 % Comm. , Exchange, 95 23 23 21 22 4.76 (4.35) 69 66 (4.35) Brokerage Exchange Earned 20 6 4 7 7 0.00 16.67 16 18 12.50 on Forex Profit on Sale o
Slide 16: Total Expenditure
Total Expenditure (Rs in Crore) Full Varia Quarter Variation Nine Month Year tion Particulars Mar’19 Dec’18 Jun’19 Sep’19 Dec’19 QoQ% YoY% Dec’18 Dec’19 % Total Expenses 7990 2103 1968 1972 1930 (2.13) (8.23) 6090 5870 (3.61) Interest Expenses 6279 1621 1503 1505 1464 (2.72) (9.69) 4690 4472 (4.65)
Slide 17: Other Operating Expenses
Other Operating Expenses (Rs in Crore) Full Variat Quarter Variation Nine Month Year ion Particulars Mar’19 Dec’18 Jun’19 Sep’19 Dec’19 QoQ% YoY% Dec’18 Dec’19 % Rent, Taxes & 133 33 30 38 33 (15.15) 0.00 98 101 3.06 Lighting Printing & Stationery 9 3 2 4 3 (33.33) 0.00 7 9 28.57 Advertisement & 3 1
Slide 18: Operating Profit
Operating Profit (Rs in Crore) Full Variati Quarter Variation Nine Month Year on Particulars Mar’19 Dec’18 Jun’19 Sep’19 Dec’19 QoQ% YoY% Dec’18 Dec’19 % Interest Income 8559 2156 2070 2014 1941 (3.62) (9.97) 6541 6025 (7.89) Interest 6279 1621 1503 1505 1464 (2.72) (9.69) 4690 4472 (4.65) Expenses
Slide 19: Net Profit
Net Profit (Rs in Crore) Full Vari Quarter Variation Nine Month Year ation Particulars- Mar’19 Dec’18 Jun’19 Sep’19 Dec’19 QoQ% YoY% Dec’18 Dec’19 % Operating Profit 1397 234 269 251 147 (41.43) (37.18) 993 667 (32.83) Provision for NPA 1962 454 211 949 464 (51.11) 2.20 1650 1625 (1.52) -ve to - Tax
Slide 20: Cost & Yield Ratios
Cost & Yield Ratios Full Quarter Nine Month Year Particulars Mar’19 Dec’18 Jun’19 Sep’19 Dec’19 Dec’18 Dec’19 A Cost of Deposits (%) 6.01 6.14 6.10 6.16 6.04 5.97 6.10 B Cost of Funds (%) * 5.44 5.56 5.48 5.46 5.34 5.40 5.43 C Yield on Advances(%) 8.61 8.40 8.75 8.69 8.27 8.74 8.57 Yield on Investme
Slide 21: Other Ratios
Other Ratios Full Quarter Nine Month Year Particulars Mar’19 Dec’18 Jun’19 Sep’19 Dec’19 Dec’18 Dec’19 A Cost to Income Ratio % 55.06 67.28 63.31 65.10 76.03 58.50 67.70 i. Staff Cost to Income 37.83 45.99 43.57 41.67 49.13 39.70 44.56 Ratio % ii. Other Overheads to 17.23 21.29 19.74 23.43 26.90 18.
Slide 22: Productivity Ratios
Productivity Ratios DEC‘18 Mar’19 Jun’19 Sep’19 DEC‘19 Particulars (QTR) (FY) (QTR) (QTR) (QTR) Business * per Branch 112.75 112.85 107.78 106.29 104.01 (Rs. in Crore) Business per Employee 18.70 18.87 17.96 17.66 17.49 (Rs. in Crore) Profit Per Branch (Rs. in Lacs) (Annualized) 5.89 (35.8) (7.98) (
Slide 23: Capital Adequacy
Capital Adequacy (Rs in Crore) Dec 18 Mar 19 Jun 19 Sep 19 Dec 19 Particulars (Basel III) (Basel III) (Basel III) (Basel III) (Basel III) Capital Funds :- Total (Tier I + Tier II) 6536.71 6404.97 6625.95 6752.35 6845.60 Tier I 5695.36 5567.20 5589.74 5705.49 5324.78 Tier II 841.35 837.78 1036.21 104
Slide 24: Investments
Investments (Rs in Crore) % to Total Particulars Dec 18 Mar 19 Dec 19 (Dec 19) GROSS INVESTMENTS 28888.51 33150.03 26908.14 100 SLR INVESTMENTS i) Treasury Bills 2157.6 1263.44 471.36 1.75 ii) CG securities 11639.04 11286.37 13566.54 50.42 iii) State Govt. Securities 8221.39 8142.86 6947.94 25.82 iv
Slide 25: Treasury Management
Treasury Management (Rs in Crore) % to Total Particulars Dec 18 Mar 19 Dec 19 Investment (Dec’19) Gross Investment 28888.51 26461.32 26908.14 100.00 SLR Investment 22026.77 20701.16 20992.84 78.02 of which i) HFT 286.09 24.9 0.00 0.00 ii) AFS 10316.36 9640.59 10517.25 39.09 iii) HTM 11424.32 11035.6
Slide 26: Priority Sector Lending
Priority Sector Lending (Rs in Crore) Increase Sl. Particulars Dec’18 Mar’19 Jun’19 Sep’19 Dec’19 YoY % 1 Agriculture 11429 11750 11114 11688 11328 (0.88) 2 MSME 10732 11206 10844 11105 11351 5.77 3 Others* 5271 5331 5275 5331 5357 1.63 4 Total PSL 27432 28287 27233 28124 28036 2.20 5 PSL % to ANBC
Slide 27: Retail Portfolio
Retail Portfolio (Rs in Crore) YoY QoQ Particulars Dec’18 Mar’19 Jun’19 Sep’19 Dec’19 Growth Growth % % Retail 15066 15615 15543 15945 16415 8.95 2.95 % of Gross Advances 21.08 21.46 22.54 23.60 25.00 Break up of Retail Portfolio as on % To Segment 31.12.18 31.03.19 30.06.19 30.09.19 31.12.19 Total
Slide 28: Composition of Advances
Composition of Advances (Rs in Crore) Variation over Outstanding as of % to Dec’18 Gross Particulars Advances Dec’18 Mar’19 Jun’19 Sept’19 Dec’19 (Dec’19) Amt % Agriculture (Excluding 9376.31 9854.63 9256.69 9841.63 9493.32 117.01 1.25 14.45 RIDF) MSME 10407.37 10657.89 10292.69 10537.84 10698.99 29
Slide 29: Exposure to Major Industries
Exposure to Major Industries (Rs in Crore) Dec’18 Mar’19 Dec’19 Sector Amount % age Amount % age Amount % age Infrastructure 17689.83 24.77 16068.33 22.09 14508.27 22.08 (Out of Which) Power 7895.93 11.06 6830.42 9.39 5372.83 8.18 Telecom 1009.72 1.41 1002.78 1.38 984.48 1.50 Roads, Ports, Railways
Slide 30: Exposure to Infrastructure
Exposure to Infrastructure (Rs in Crore) YoY Segment 31.12.18 31.03.19 30.06.19 30.09.19 31.12.19 % Total Infrastructure 17689.83 16068.33 15329.25 15360.37 14508.27 (17.99) - Power 7895.93 6830.42 6070.64 6010.91 5372.83 (31.95) - Ports, Roads, Railways & Highways 3134.90 3142.38 3187.35 3198.95 30
Slide 31: Total Restructured Accounts
Total Restructured Accounts (Rs in Crore) Decremented facilities Fresh Restructured Sr. Restructured (turned NPA/ Cease to Period Additional/ Total No Amount attract/conversion of Incremental facility DISCOM debt into bonds ) 1 Up to 2018-19 636.74 231.69 (441.86) 426.57 2 2019-20 (Q1) 426.57 14.51
Slide 32: Restructured Advances
Restructured Advances (Rs in Crore) Dec’18 Mar’19 Jun’19 Sep’19 Dec’19 Sector Amount % age Amount % age Amount % age Amount % age Amount % age Agriculture 0.00 0.00 0.30 0.07 0.32 0.07 0.51 0.16 0.69 0.20 Power 72.22 16.00 77.02 18.06 76.27 17.83 73.19 23.29 5.79 1.69 Textiles 0.00 0.00 1.33 0.31 1.
Slide 33: S4A, SDR and Flexible Restructuring Details
S4A, SDR and Flexible Restructuring Details Standard (as on Dec-2019) NPA (as on Dec-2019) Name of No. of Fund Based Balance No. of Fund Based Balance the Borrowers outstanding (` In Crore) Borrowers outstanding (` In Crore) Scheme S4A 0 0 0 0 SDR 0 0 0 0 5/25 5 989.69 1 148.86 TOTAL 5 989.69 1 148.
Slide 34: Restructured Accounts Sectorwise
Restructured Accounts Sectorwise (Rs in Crore) BREAKUP OF STATE S. Restructured As on As on As on DISCOMS No Accounts 31.12.2018 31.03.2019 31.12.2019 (as on 31.12.19): 1 State Discoms 0.00 16.25 0.00 RAJASTHAN 0 UTTAR PRADESH 0 2 Aviation (Air India) 0.00 0.00 0.00 CHANDIGARH 0 3 Under CDR/JLF 0.00
Slide 35: NPA
NPA (Rs in Crore) Particulars Dec’18 Mar’19 Jun’19 Sep’19 Dec’19 Gross NPA 7990.67 8605.87 8885.86 9218.22 8923.49 Gross NPA as % of Gross 11.19 11.83 12.88 13.64 13.58 Advances NET NPA 4696.47 4994.23 5062.36 4443.54 5417.79 NET NPA as % of Net 6.90 7.22 7.77 7.07 8.71 Advances Provision Coverage R
Slide 36: Priority Sector NPA
Priority Sector NPA (Rs. In Crore) Dec – 2018 Dec – 2019 Sector Outstanding NPA % NPA Outstanding NPA % NPA Total Advances 71405 7991 11.19 65706 8923 13.58 Total Priority Sector (With RIDF) 27432 28036 Total Priority Sector 24496 3180 12.98 25153 3214 12.78 A. Total Agriculture Advances 9366 1105 1
Slide 37: Industry Wise Corporate NPAs
Industry Wise Corporate NPAs (Rs in Crore) Industry Dec’18 Mar’19 Jun’19 Sep’19 Dec’19 Iron and Steel 573.61 484.93 434.20 434.17 312.33 Engineering 0.00 75.08 64.39 80.33 80.24 Textile 51.29 174.79 417.34 471.93 475.65 Infra-energy 1113.04 1276.15 1218.89 1129.55 704.25 Infra-Transport 621.58 860.4
Slide 38: Movement of NPA
Movement of NPA (Rs in Crore) Full Nine month Sr. Particulars Quarter Year ended No Mar’19 Dec’18 Jun’19 Sep’19 Dec’19 Dec’18 Dec’19 1 Gross NPA Opening Balance 7801.65 7202.17 8605.87 8885.86 9218.22 7801.65 8605.17 2 Cash recoveries 1163.94 194.82 214.56 160.68 169.09 939.05 431.93 Out of Above Ca
Slide 39: Human Resources
Human Resources 10500 401 367 326 (5%) (4%) (4%) 9000 2292 2300 2124 (24%) 7500 (25%) (26%) 6000 4500 6395 6306 6456 3000 (70%) (70%) (72%) 1500 0 Dec 2018 March 2019 Dec 2019 Officers Non-Subordinate (Clerks) Subordinate PSB - where service is a way of life... 38 of 44
Slide 40: Alternate Delivery Channels
Alternate Delivery Channels CBS BRANCHES INTERNET BANKING USERS 1525 600000 1520 500000 1515 400000 1510 534699 519682 460004 452384 113143 300000 1505 1521 266281 1518 1520 200000 1500 1517 1514 100000 1495 1500 0 1490 1485 2016-17 2017-18 2018-19 2019-20(Q1) 2019-20(Q2) 2019-20(Q3) MOBILE BANKING
Slide 41: Financial Inclusion
Financial Inclusion • Bank has opened 13.24 lac accounts under PMJDY and mobilized deposit of Rs.649 Crore. Average deposit per account is Rs.4900/-. • As on 31.12.2019, Aadhaar Seeding percentage under PMJDY accounts is 85%. • The bank has adopted individual Bank Mitr Model. All the 353 Bank Mitrs
Slide 42: Pradhan Mantri Jan Dhan Yojana
Pradhan Mantri Jan Dhan Yojana Cumulative position of Pradhan Mantri Jan-Dhan Yojana Schemes Scheme 31.12.18 31.03.19 30.06.19 30.09.19 31.12.19 Number of Accounts opened 1156938 1305127 1315372 1322104 1324283 Number of Active Accounts 987656 1118276 1126499 1131599 1131714 Deposits in accounts (Rs
Slide 43: Pradhan Mantri Social Security Schemes
Pradhan Mantri Social Security Schemes No. of Enrolments 31.12.2018 31.12.2019 Scheme Bank RRB Total Bank RRB Total Atal Pension Yojana 127465 3574 131039 181869 N.A. 181869 Pradhan Mantri Jeevan 211601 4182 215783 260807 N.A. 260807 Jyoti Bima Yojna Pradhan Mantri 985456 16393 1001849 1155802 N.A.
Slide 44: Pradhan Mantri Mudra Yojna
Pradhan Mantri Mudra Yojna (Rs in Crore) Performance of Pradhan Mantri Mudra Yojna 31.12.2018(Upto 31.12.2018) 31.12.2019(Upto 31.12.2019) S Scheme Sanctioned Disbursed Sanctioned Disbursed l No. A/cs No. A/cs Amount Amount Amount Amount Shishu (Loan 1 9511 35.16 32.52 5142 20.39 18.26 upto Rs. 50,0
Slide 45: PSB - where service is a way of life...
PSB - where service is a way of life... 44 of 44
Punjab & Sind Bank — Q3 FY2019-20 Earnings Presentation on 6ix