Punjab National Bank Q1 Results FY2023, PAT at Rs. 308.44 crores

Punjab National Bank Q1 Results FY2023

by Shreya Anaokar Last Updated: 2022-07-29T15:59:53+05:30 IST

On 28th July 2022, Punjab National Bank announced its quarterly results for the first quarter of FY2023.

Q1FY23 Key Highlights:

- Total Income of the Bank for Q1FY’23 was at Rs. 21294 Crore.  

- Operating Income of the Bank for Q1FY’23 was at Rs. 10080 Crore. 

- Total Interest Income of the Bank for Q1FY’23 was at Rs. 18757 Crore.

- Net Interest income grew by 4.27% in Q1FY’23 to Rs. 7543 Crore from Rs. 7234 Crore. 

- Total Expenditure of the Bank for Q1FY’23 declined by 3.05% to Rs. 15915 Crore. 

- Total interest Paid registered decline of 4.10% on YoY basis to Rs. 11214 Crore in Q1 FY’23 from Rs. 11694 Crore in Q1 FY’22

- Gross Non-Performing Assets (GNPA) were at Rs. 90167 Crore as on June’22 as against Rs. 104076 Crore as on Q1FY22 declined by 13.36% on YoY basis and 2.46% on QoQ basis. 

- Net Non-Performing Assets (NNPA) were at Rs.31744 Crore as on June’22 as against Rs. 38581 Crore in as on Q1FY22 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

- The bank reported PAT at Rs. 308.44 crores with a decline of 69.86% YoY

 

Business Highlights:

- Global Gross Business increased by 6.21% on YoY basis to Rs. 1936923 Crore as at the end of June’22 as against Rs. 1823685 Crore in Q1FY22

- Global Gross Advances grew by 10.21% on YoY basis to Rs. 800177 Crore as at the end of June’22 as against Rs.726036 Crore in Q1FY22.

- Global Deposits grew by 3.56% on YoY basis to Rs. 1136747 Crore as at the end of June’22 as against Rs.1097649 Crore in Q1FY22. 

- In Retail Segment, the Core Retail Credit increased by 9.10% on YoY basis to Rs. 121349 Crore. The Housing Loan increased by 5.25% on YoY basis to Rs. 74565 Crore. The Vehicle loan increased by 34.25% on YoY basis to Rs. 13446 Crore. The Personal Loan increased by 25.52% on YoY basis to Rs. 12938 Crore.

- MSME Advances increased by 3.15% to Rs. 124947 Crore.

- Agriculture Advances increased by 3.78% to Rs. 133237 Crore. 

- Internet Banking Services (IBS) users increased to 347 (32.44% YoY) Lakhs as in Q1FY23  

- Mobile Banking Services (MBS) users increased 38.24% YoY to 347 Lakhs as in Q1FY23 from 251 Lakhs in Q1FY22. 

- UPI transactions increased by 106% to 74.97 Crore as in Q1FY23

- As on 30th June’22, the Bank has 10058 number of Domestic branches. Rural: 3853 SemiUrban: 2450, Urban: 2015 & Metro: 1740, International Branches 2, 13219 number of ATMs

 


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. 

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.
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