PNB announced Financial Results for the Quarter Ended 30th June 2022.
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)June’22as 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. against ₹1097649 Crore in June’21.
- In Retail Segment,
- MSME Advances increased by 3.15% to ₹ 124947 Crore.
- Agriculture Advances increased by 3.78% to ₹ 133237 Crore.
Global Gross Business increased by 6.21% on YoY basis to ₹ 1936923 Crore as at the end of Global Deposits grew by 3.56% on YoY basis to ₹ 1136747 Crore as at the end of June’22 as 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.
New Initiatives –Q1FY23 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
- 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.
