Punjab National Bank Q4 Results Update

Punjab National Bank Q4 Results Update

Quarterly Results
by Shreya Anaokar Last Updated: May 20, 2022, 03:31 PM IST

On 11th May 2022, Punjab National Bank announced its quarterly results for the last quarter of FY2022.

Key Highlights:

- Net profit for Q4 FY'22 was at ₹202 Crore and for FY’22 grew to ₹3457 Crore with a growth of 71% YoY. 

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

- Global Net Interest Margin improved by 7 bps to 2.76 % in Q4 FY’22.

- Cost to Income Ratio improved by 690 bps to 46.02 % in Q4 FY’22.

- Gross NPA ratio improved by 234 bps to 11.78 % in March’22.  

- Net NPA ratio improved by 93 bps to 4.80 % in March’22.

- Capital-to-risk-weighted assets ratio (CRAR) improved to 14.50% in March’22 from 14.32% in March’21. 

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

- Agriculture advances grew by 9.79 % YoY to ₹124286 Crore.  

- Domestic CASA Share improved by 195 bps YoY to 47.43 % in March’22 from 45.48% in March’21. 

 

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Profitability:

- The total income of the Bank for FY’22 was ₹87200 Crore.  

- The operating income of the Bank for FY’22 was ₹41014 Crore.  

- The total Interest Income of the Bank for FY’22 was ₹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 a decline of 4 % QoQ to ₹11341 Crore in Q4 FY’22 from ₹11852 Crore in Q4 FY’21.

 

Efficiency Ratio:

- The 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.  

- The yield on Advances at 6.64 % in Q4 FY’22. The 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.

 

Asset Quality:

- Gross Non-Performing Assets (GNPA) stood at ₹92448 Crore as on March’22 as against ₹104423 Crore on March’21 declined by 11.47 %  

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

 

Business Highlights:

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

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

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

- In the Retail Segment, the Housing loan increased by 3.6 % YoY to ₹73805 Crore. 

- Vehicle loan increased by 23.4 % YoY to ₹12615 Crore. 

- Personal loans grew by 14.1 % YoY to ₹12193 Crore.

 

Distribution Network:

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

 

Priority Sector:

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

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

- 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%.  

- Credit to Weaker Sections stood at ₹90002 Crore in March’22. 

-National Goal achievement is 13.46 % of ANBC, exceeding the target of 11%.  

- Credit to Micro Enterprises stood at ₹53963 Crore as of March’22. 

- The Bank has achieved the National Goal of 8.07 % of ANBC as against the target of 7.5%.

 

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

Also Read :- Punjab National Bank IPO, Bank List, Punjab National Bank

Tags:- Punjab National Bank, Punjab National Bank IPO, Punjab National Bank quarter FY2022

Disclaimer

Investment/Trading is subject to market risk, past performance doesn’t guarantee future performance. The risk of trading/investment loss in securities markets can be substantial. Also, the above report is compiled from data available on public platforms.

About the Author

Shreya Anaokar is a Content Writer at 5paisa. She has completed her Master’s in Finance and Graduation in Statistics from the University of Mumbai. She has her own website where she posts blogs related to Personal and Behavioral Finance.

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