Message here

PNB Announced Quarter Ended 2022

Net profit for Q2 FY23 was at ₹411 Crore and grew 33.4% on QoQ basis.
Operating Profit was at ₹5567 Crore during Q2 FY23 grew by 38.5% on YoY basis.
Global NIM improved by 61 bps to 3.00% in Q2 FY23 from 2.39% in Q2FY’22. For September’22.
Global NIM for Q2FY23 improved by 21 bps on QoQ basis.
Net interest income increased by 30.2% YoY to ₹8271 Crore in Q2 FY23.
Cost to income ratio for Q2 FY23 was at 49.93% an improvement of 834 bps on YoY basis.
Global Gross Advances grew by 12.84% on YoY basis to ₹830212 Crore in September’22.
Retail Credit increased by 16.95% on YoY basis to ₹155409 Crore as at the end of September’22
with Core Housing loan having grown by 7.8% on YoY basis.
Global Deposits grew by 7.00% on YoY basis to ₹1193501 Crore as at the end of September’22
as against ₹1115373 Crore in September’21.
CASA Share stands at 44.91% of Domestic Deposits as on September’22.
GNPA ratio improved by 315 bps to 10.48% in September’22 from 13.63% in September’21.
There was an improvement of 79 bps on QoQ basis.
NNPA ratio improved by 169 bps to 3.80% in September’22 from 5.49% in September’21. There
was an improvement of 48 bps on QoQ basis.
PCR including TWO improved by 319 bps to 83.96% in September’22 from 80.77% in
September’21.
Credit Cost improved on QoQ basis by 70 bps to 1.76% in Q2FY23.

 Global Cost of Deposits Improved YoY by 12 bps to 3.90% in Q2 FY23 and 19 bps to 3.85% for
HY September’22.
Global Cost of Funds Improved YoY by 7 bps to 3.40% in Q2 FY23 and was at 3.40% for HY
September’22.
Global Yield on Advances at 6.91% in Q2 FY23 and 6.70% in HY September’22. For Q2FY23
It improved by 43 bps on YoY basis.
Global Yield on funds at 5.77% in Q2 FY23 and 5.72% for HY September’22. An improvement
by 41 bps and 22 bps respectively on YoY basis.
Operating profit per employee for the quarter Q2FY23 improved to ₹22 lac from ₹16 lac in
Q2FY22.
Priority Sector

GAIL_LOGO

Profitability

Efficiency Ratio
Priority Sector Advances exceeded the National Goal of 40% and was at 43.54% of ANBC.
Agriculture advances exceeded the National Goal of 18% and was at 19.03% of ANBC.
Credit to Small and Marginal farmers exceeded the National Goal achievement of 9.5% and is
at 10.16% of ANBC.
Credit to Weaker Sections exceeded the National Goal achievement of 11.5% and is at 14.08%
of ANBC.
Credit to Micro Enterprises exceeded the National Goal achievement of 7.5% and is at 8.35%
of ANBC.

 Total Income of the Bank for Q2FY23 was at ₹23001 Crore and ₹44295 Crore for HY1-23. It
grew by 8.2% and 0.5% respectively on YoY basis.
Total Interest Income of the Bank for Q2FY23 was at ₹20154 Crore and ₹38911 Crore for
HY1-23 It grew by 12.1% and 5.4% respectively on YoY basis.
Fee based income for Q2FY23 was at ₹1307 Crore and ₹3058 Crore for HY1-23. It grew by
12.5% and 14.7% respectively on YoY basis.
Total Expenditure of the Bank for Q2FY23 was at ₹17434 Crore and for HY1-23 was at ₹33349
Crore.

Digitalization
Financial Inclusion
Gross Non-Performing Assets (GNPA) were at ₹87035 Crore as on September’22 as against
₹100291 Crore as on September’21 declined by 13.21% on YoY basis.
Net Non-Performing Assets (NNPA) were at ₹29348 Crore as on September’22 as against
₹36934 Crore in as on September’21 declined by 20.53% YoY basis.
Provision Coverage Ratio Including TWO improved by 319 bps YoY to 83.96% in September’22.
Slippage ratio declined by 223 bps YoY to 3.34% in September’22.

 CRAR was 14.74% for September’22. Tier-I is at 12.20% (CET-1 was at 10.88%, AT1 was
at 1.32%) and Tier-II is at 2.54% as at September’22.

 UPI Lite- Customers can make small payments of up to ₹200 using on device “wallet”.

On boarding in UPI Using Aadhaar OTP-Authentication in lieu of Debit Card for Customers On-
boarding on UPI.

 Launch of Banking Services through Whatsapp.
PNB ONE new features Added: Scan and Pay UPI using IFSC and Account number.
Pre-Qualified Credit Card facility for salaried account customers.
Revamped PNB One App launched.
Self-Onboarding Platform for Online Application of Credit card on 24*7 basis.
Online Overdraft Facility (e-OD) against offline Fixed Deposit (FD) in PNB One App.

 Financial Inclusion Parameters

Particulars 30.09.2021 30.09.2022
Accounts opened under PMJDY (No. in Lakh) 402 441
Deposit mobilized by BCs –(Amt in ₹ Crore) 14315 18729
Enrollment under PMJJBY, PMSBY & APY:-

(No. In Lacs)
JANSURAKSHA SCHEME ENROLLMENT UP TO 30.09.2021 30.09.2022
Pradhan Mantri Jeevan Jyoti Bima Yojana 37.04 48.46
Pradhan Mantri Suraksha Bima Yojana 158.1 194.6
Atal Pension Yojana 15.85 23.76

NewsIP.in publishes informational content from public sources . Verify independently. Disputes under Delhi High Court jurisdiction.

error: Content is protected !!