Key Highlights:
Global Gross Advances grew by 10.21% on YoY basis to ₹ 800177 Crore.
Retail Credit increased by 10.77% on YoY basis to ₹ 146321 Crore as at the end of June’22.
CASA share improved by 119 bps to 46.34%.
Savings deposits grew by 6.61% to ₹ 447258 Crore.
Net profit for Q1 FY’23 was at ₹ 308 Crore and grew 52.48% on QoQ.basis.
Operating Profit was at ₹ 5379 Crore during Q1 FY’23.
Net interest income increased by 4.27% YoY to ₹ 7543 Crore.
Fee based income increased by 25.68% YoY to ₹ 2055 Crore.
Global NIM improved by 5 bps to 2.79% in Q1 FY’23 from 2.74% in June’21.
GNPA ratio improved by 306 bps to 11.27% in June’22 from 14.33% in June’21.
NNPA ratio improved by 156 bps to 4.28% in June’22 from 5.84% in June’21.
PCR including TWO improved by 278 bps to 83.04% in June’22 from 80.26 % in June’21.
CRAR improved to 14.82% in June’22 from 14.50% in March’22.
CD ratio improved by 425 bps on YoY basis to 70.39% in June’22 from 66.14% in June’21.
Business Performance in Key Parameters (as on 30.06.2022)
Global Gross Business increased by 6.21% on YoY basis to ₹ 1936923 Crore as at the end of June’22 as against ₹ 1823685 Crore in June’21
Global Gross Advances grew by 10.21% on YoY basis to ₹ 800177 Crore as at the end of June’22 as against ₹726036 Crore in June’21.
Global Deposits grew by 3.56% on YoY basis to ₹ 1136747 Crore as at the end of June’22 as against ₹1097649 Crore in June’21.
In Retail Segment,
o Core Retail Credit increased by 9.10% on YoY basis to ₹ 121349 Crore.
o Housing Loan increased by 5.25% on YoY basis to ₹ 74565 Crore.
o Vehicle loan increased by 34.25% on YoY basis to ₹ 13446 Crore.
o Personal Loan increased by 25.52% on YoY basis to ₹ 12938 Crore.
MSME Advances increased by 3.15% to ₹ 124947 Crore.
Agriculture Advances increased by 3.78% to ₹ 133237 Crore.
Global Gross Advances grew by 10.21% on YoY basis to ₹ 800177 Crore.
Retail Credit increased by 10.77% on YoY basis to ₹ 146321 Crore as at the end of June’22.
CASA share improved by 119 bps to 46.34%.
Savings deposits grew by 6.61% to ₹ 447258 Crore.
Net profit for Q1 FY’23 was at ₹ 308 Crore and grew 52.48% on QoQ.basis.
Operating Profit was at ₹ 5379 Crore during Q1 FY’23.
Net interest income increased by 4.27% YoY to ₹ 7543 Crore.
Fee based income increased by 25.68% YoY to ₹ 2055 Crore.
Global NIM improved by 5 bps to 2.79% in Q1 FY’23 from 2.74% in June’21.
GNPA ratio improved by 306 bps to 11.27% in June’22 from 14.33% in June’21.
NNPA ratio improved by 156 bps to 4.28% in June’22 from 5.84% in June’21.
PCR including TWO improved by 278 bps to 83.04% in June’22 from 80.26 % in June’21.
CRAR improved to 14.82% in June’22 from 14.50% in March’22.
CD ratio improved by 425 bps on YoY basis to 70.39% in June’22 from 66.14% in June’21.
PRIORITY SECTOR:
Priority Sector Advances exceeded the National Goal of 40% and was at 41.85% of ANBC
Agriculture advances exceeded the National Goal of 18% and was at 18.16% of ANBC
Credit to Small and Marginal farmers exceeded the National Goal achievement of 9.5% and is at 9.78% of ANBC
Credit to Weaker Sections exceeded the National Goal achievement of 11.5% and is at 13.42% of ANBC
Credit to Micro Enterprises exceeded the National Goal achievement of 7.5% and is at 7.81% of ANBC.
PROFITABILITY:
Total Income of the Bank for Q1FY’23 was at ₹ 21294 Crore.
Operating Income of the Bank for Q1FY’23 was at ₹ 10080 Crore.
Total Interest Income of the Bank for Q1FY’23 was at ₹ 18757 Crore.
Net Interest income grew by 4.27% in Q1FY’23 to ₹ 7543 Crore from ₹ 7234 Crore.
Total Expenditure of the Bank for Q1FY’23 declined by 3.05% to ₹ 15915 Crore.
Total interest Paid registered decline of 4.10% on YoY basis to ₹ 11214 Crore in Q1 FY’23 from ₹ 11694 Crore in Q1 FY’22.
EFFICIENCY RATIO:
Cost to income ratio for Q1 FY’23 was at 46.63%.
Global Cost of Deposits improved to 3.79% in Q1 FY’23 from 4.08% in June’21.
Yield on Advances at 6.49% in Q1 FY’23. Yield on Investment at 6.36% in Q1 FY’23.
Business per employee improved to ₹ 1914 lacs in June’22 from ₹ 1854 lacs in June’21.
ASSET QUALITY:
Gross Non-Performing Assets (GNPA) were at ₹ 90167 Crore as on June’22 as against
₹ 104076 Crore as on June’21 declined by 13.36% on YoY basis and 2.46% on QoQ basis.
Net Non-Performing Assets (NNPA) were at ₹31744 Crore as on June’22 as against
₹ 38581 Crore in as on June’21 declined by 17.72% YoY and 9.06% on QoQ basis.
Provision Coverage Ratio excluding TWO improved by 186 bps to 64.79% in June’22.
Slippage ratio declined by 192 bps to 3.75% in June’22.
CAPITAL ADEQUACY:
CRAR improved to 14.82% in June’22 from 14.50% as at March’22. Tier-I is at 12.10%
(CET-1 was at 10.94%, AT1 was at 1.16%) and Tier-II is at 2.72% as at June’22.
DIGITALIZATION:
Internet Banking Services (IBS) users increased to 347 (32.44% YoY) Lakhs as at June’22
Mobile Banking Services (MBS) users increased 38.24% YoY to 347 Lakhs as at June’22 from
251 Lakhs in June’21.
UPI transactions increased by 106% to 74.97 Crore as at June’22.
FINANCIAL INCLUSION:
Amount mobilized under Pradhan Mantri Jan Dhan Yojana stood as below:
Particulars 30.06.2021 30.06.2022
Accounts opened under PMJDY (No. in Lakh) 395 429
Deposit mobilized by BCs –(Amt in ₹ Crore) 13487 17883
Enrollment under PMJJBY, PMSBY & APY:-
(No. In Lacs)
JANSURAKSHA SCHEME ENROLLMENT UP TO 30.06.2021 30.06.2022
Pradhan Mantri Jeevan Jyoti Bima Yojana 34.61 45.36
Pradhan Mantri Suraksha Bima Yojana 149.32 187.03
Atal Pension Yojana 14.80 21.74
DISTRIBUTION NETWORK:
As on 30th June’22, the Bank has 10058 number of Domestic branches. Rural: 3853 Semi-Urban: 2450, Urban: 2015 & Metro: 1740, International Branches 2, 13219 number of ATMs.
NEW INITIATIVES- Q1FY23:
PNB is the 2nd PSU Bank to go live on Account Aggregator System.
Pre-approved personal loans in just 60 seconds through 4 clicks and 1 OTP.
1st PSU Bank in loan repayment through Digital Platforms viz. Paytm, PhonePe, Google pay etc.
Pre-approved e-Mudra loan through PNB Website.
Bank has set up 8 Digital Banking Unit.
Pivot towards tablet based a/c opening.
Pensioner Life Certificate through Video KYC.
Introduction of schedule call facility in Video calling.
AWARDS AND ACCOLADES:
13th Annual Retail Banker International Trailblazer Awards under the category “Best Core Banking System Initiative.”
13th Annual Retail Banker International Trailblazer Awards- “Highly Recommended” under the category “Most Innovative Branch Offerings”
National MSME Awards 2022 (Third prize) for contribution towards the promotion and
development of the MSME sector
Recognized by PFRDA for performance under National Pension System (NPS) in Quarterly.
