Punjab National Bank Q4 Results Update
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
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