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PNB Financial Results for the Quarter Ended 31st March 2022 

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Financial Results for the Quarter Ended 31st March 2022

 

Key Highlights

v The Board of Directors have recommended a dividend of Rs. 0.64 per equity share (32%) for the year ended March 31, 2022, subject to requisite approvals.

v Net profit for Q4 FY’22 was at ₹202 Crore Net Profit for FY’22 grew to ₹3457 Crore (YoY growth 71%) from ₹2022 Crore in FY’21.

v Operating Profit increased to ₹5265 Crore during Q4 FY’22, with YoY growth of 17.30 %.

v Global NIM improved by 7 bps to 2.76 % in Q4 FY’22 from 2.69 % in Q4 FY’21.

v Cost to Income Ratio improved by 690 bps to 46.02 % in Q4 FY’22 from 52.92 % in Q4 FY’21.

v GNPA ratio improved by 234 bps to 11.78 % in March’22 from 14.12 % in March’21.

 

v NNPA ratio improved by 93 bps to 4.80 % in March’22 from 5.73 % in March’21.

v PCR including TWO improved by 146 bps to 81.60 % in March’22 from 80.14 % in March’21.

v CRAR improved to 14.50 % in March’22 from 14.32 % in March’21.

v Retail Credit increased by 6.69 % on YoY basis to ₹130225 Crore as at the end of March’22.

 

v Agriculture advances grew by 9.79 % on YoY basis to ₹124286 Crore.

 

v Domestic CASA Share improved by 195 bps on Y-o-Y basis to 47.43 % in March’22 from 45.48% in March’21.

 

Business Performance in Key Parameters (as on 31.03.2022

v Global Business increased by 4.64 % on YoY basis to ₹1931322 Crore as at the end of March’22 as against ₹1845739 Crore in March’21.

v Global Deposits grew by 3.61% on YoY basis to ₹1146218 Crore as at the end of March’22 as against ₹1106332 Crore in March’21.

v Global Advances grew by 6.18 % on YoY basis to ₹785104 Crore as at the end of March’22 as against ₹739407 Crore in March’21.

 

In Retail Segment,

 

o Housing loan increased by 3.6 % on YoY basis to ₹73805 Crore.

o Vehicle loan increased by 23.4 % on YoY basis to ₹12615 Crore.

o Personal loan grew by 14.1 % on YoY basis to ₹12193 Crore.

 

Priority Sector

 

Priority Sector Advances stood at ₹283712 Crore, exceeding the National Goal of 40 % and was at 42.42 % of ANBC as at the end of March’22.

v Agriculture advances stood at ₹122708 Crore, exceeding the National Goal of 18 % and was at 18.35 % of ANBC as at the end of March’22.

v Credit to Small and Marginal farmers stood at ₹65979 Crore in March’22. National Goal achievement is 9.87 % of ANBC, exceeding the target of 9 %.

v Credit to Weaker Sections stood at ₹90002 Crore in March’22. National Goal achievement is 13.46 % of ANBC, exceeding the target of 11 %.

v Credit to Micro Enterprises stood at ₹53963 Crore as on March’22. The Bank has achieved National Goal at 8.07 % of ANBC as against the target of 7.5 %.

 

Profitability

 

v Total Income of the Bank for FY’22 was at ₹87200 Crore.

v Operating Income of the Bank for FY’22 was at ₹41014 Crore.

v Total Interest Income of the Bank for FY’22 was at ₹74880 Crore.

v Net Interest income grew by 5% in Q4FY22 to ₹7304 Crore from ₹6957 Crore.

v Total Expenditure of the Bank for FY’22 declined by 6 % to ₹66438 Crore.

v Operating Expenses declined by 11% for Q4FY’22.

v Total interest Paid registered decline of 4 % on QoQ basis to ₹11341 Crore in Q4 FY’22 from

 

₹11852 Crore in Q4 FY’21.

 

 

 

Efficiency Ratio

v Cost to income ratio for Q4 FY’22 improved by 690 bps to 46.02 % in Q4FY’22 from 52.92 % in Q4FY’21.

v Global Cost of Deposits improved to 3.90 % in Q4 FY’22 from 4.22 % in Q4 FY’21.

v Return on Assets improved to 0.26 % in FY’22 from 0.15 % in FY’21.

 

v Yield on Advances at 6.64 % in Q4 FY’22. Yield on Investment at 6.41 % in Q4 FY’22.

v Business per employee improved to ₹1941 lacs in March’22 from ₹1885 lacs in March’21.

 

Asset Quality

v Gross Non-Performing Assets (GNPA) stood at ₹92448 Crore as on March’22 as against

₹104423 Crore as on March’21 declined by 11.47 %

 

v Net Non-Performing Assets (NNPA) stood at ₹34909 Crore as on March’22 as against ₹38576 Crore in as on March’21 declined by 9.51 %.

 

Capital Adequacy

 

v CRAR improved to 14.50 % in March’22 from 14.32 % as at March’21. Tier-I is 11.73 % (CET-1 was at 10.56 %, AT1 was at 1.17 %) and Tier-II CRAR is 2.77 % as at March’22.

 

Digitalization

 

v Internet Banking Services (IBS) users increased to 340.29 Lakhs as at March’22.

v Mobile Banking Services (MBS) users increased 69 % YoY to 337.73 Lakhs as at March’22 from 199.76 Lakhs in March’21.

v Number of Debit Card issued is 7.61 Crore as on March’22 with 71.33 % Debit Card penetration of eligible base.

v UPI transactions increased by 81% to 200 Crore as at March’22

 

Financial Inclusion

 

Amount mobilized under Pradhan Mantri Jan Dhan Yojana stood as below:

Particulars 31.03.2021 31.03.2022
Accounts opened under PMJDY (No. in Lakh) 395 418
Deposit mobilized by BCs –(Amt in ₹ Crore) 13391 16445

 

 

 

 

Enrollment under PMJJBY, PMSBY & APY:-

(No. In Lacs) JANSURAKSHA SCHEME ENROLLMENT UP TO 31.03.2021 31.03.2022
Pradhan Mantri Jeevan Jyoti Bima Yojana 33.81 43.23
Pradhan Mantri Suraksha Bima Yojana 148.92 180.64
Atal Pension Yojana 14.50 20.10

 

Distribution Network

 

v As on 31st March’22, the Bank has 10098 number of branches. Rural: 3853, Semi-Urban: 2457, Urban: 2035 & Metro: 1753 International Branches 2, 13350 number of ATMs and 15719 BCs.

 

New Initiatives – FY 21-22

 

PNB 360 – a comprehensive dashboard to monitor business performance

Collection of Loan EMI through BBPS – repaying loan EMI through Bharat Bill Pay System

Trade Finance Redefined Portal – facilitates customers to initiate forex trade transaction online

Digitalization of Recovery Process for optimization of TAT

ASBA on PNB ONE – facilitate investors for subscribing to IPO 24*7

Insta Personal Loan to Pensioners

Card-less Cash Withdrawal – allows cash withdrawal facility from PNB ATMs without debit card

PNB Virtual Debit Card – eliminates need of carrying physical Debit Card.

PNB ECOLENS – a monthly bulletin covering economic and banking indicators

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