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PNB Net Profit for FY’22 grew to ₹3457 Crore (YoY growth 71%) from ₹2022 Crore in FY’21.

Key Highlights

  •   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.
  •   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.
  •   Operating Profit increased to ₹5265 Crore during Q4 FY’22, with YoY growth of 17.30 %.
  •   Global NIM improved by 7 bps to 2.76 % in Q4 FY’22 from 2.69 % in Q4 FY’21.
  •   Cost to Income Ratio improved by 690 bps to 46.02 % in Q4 FY’22 from 52.92 % in Q4 FY’21.
  •   GNPA ratio improved by 234 bps to 11.78 % in March’22 from 14.12 % in March’21.
  •   NNPA ratio improved by 93 bps to 4.80 % in March’22 from 5.73 % in March’21.
  •   PCR including TWO improved by 146 bps to 81.60 % in March’22 from 80.14 % in March’21.
  •   CRAR improved to 14.50 % in March’22 from 14.32 % in March’21.
  •   Retail Credit increased by 6.69 % on YoY basis to ₹130225 Crore as at the end of March’22. 
  •   Agriculture advances grew by 9.79 % on YoY basis to ₹124286 Crore.
  •   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)

    CASA Deposits grew by 8.29 % on Y-o-Y basis to ₹533654 Crore in Mas against ₹1845739 Crore in March’21.

     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.  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 Personalloangrewby14.1%onYoYbasisto₹12193Crore.

     Global Business increased by 4.64 % on YoY basis to ₹1931322 Crore as at the end of March’22

      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, 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 by14.1%on YoY basis to ₹12193Crore.

    Profitability

     Total Income of the Bank for FY’22 was at ₹87200 Crore.
     Operating Income of the Bank for FY’22 was at ₹41014 Crore.
     Total Interest Income of the Bank for FY’22 was at ₹74880 Crore.
     Net Interest income grew by 5% in Q4FY22 to ₹7304 Crore from ₹6957 Crore.
     Total Expenditure of the Bank for FY’22 declined by 6 % to ₹66438 Crore.
     Operating Expenses declined by 11% for Q4FY’22.
     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

    •   Cost to income ratio for Q4 FY’22 improved by 690 bps to 46.02 % in Q4FY’22 from 52.92 % in Q4FY’21.
    •   Global Cost of Deposits improved to 3.90 % in Q4 FY’22 from 4.22 % in Q4 FY’21.
    •   Return on Assets improved to 0.26 % in FY’22 from 0.15 % in FY’21.
    •   Yield on Advances at 6.64 % in Q4 FY’22. Yield on Investment at 6.41 % in Q4 FY’22.
    •   Business per employee improved to ₹1941 lacs in March’22 from ₹1885 lacs in March’21.

     

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