Saturday, June 5, 2021

Punjab National Bank Financial Results for the Quarter & FY Ended 31st March 2021



Amalgamation Completed along with Revamped and Strengthened Organization Structure.

 

Net Profit stood at Rs 2022 Crore during FY21. Operating Profit increased Y-o-Y by 28.4% to Rs. 22980 Crore during FY21.

 

Gross Global Business reached Rs. 1845739 Crore & Global NIM improved to 2.88 % in FY21.

 

Key Highlights

 

Global Business of the Bank stood at Rs. 1845739 Crore as on March’21 as against Rs. 1834290 Crore in March’20.

 

Global Deposit of the Bank increased to Rs. 1106332 Crore as on March’21 from Rs. 1071569 Crore in March’20 with a Y-o-Y growth of 3.24 %.

 

Global Credit stood at Rs. 739407 Crore as on March’21 against Rs. 762721 Crore in March’20

 

Domestic CASA Share improved by 347 bps on Y-o-Y basis to 45.5 % in March’21. CASA Deposits grew by 11.24 % on Y-o-Y basis to Rs. 492782 Crore in March’21.

 

Savings Deposit grew by 12.0 % on Y-o-Y basis to Rs. 417236 Crore as on March’21.

 

Retail Term Deposit grew by 19.5 % on Y-o-Y basis to Rs. 505975 Crore as on March’21.

 

Core Retail Loans grew by 9.5 % on Y-o-Y basis to Rs. 113047 Crore as on March’21.

 

MSME loan grew by 7.46 % on Y-o-Y basis to Rs. 126098 Crore in March’21.

 

CRAR improved to 14.32% in March’21 from 12.32 % as on 1st April 2020.

 

Operating Profit grew by 28.4 % on Y-o-Y basis to Rs. 22980 Crore in FY’21.

 

Net Interest Income grew by 17.0 % on Y-o-Y basis to Rs 30477. Crore in FY’21.

 

Global NIM improved by 32 bps to 2.88 % in FY21 from 2.56 % in FY20.

 

Cost to Income Ratio improved Y-o-Y to 46.91 % in FY21 from 56.47 % in FY20.

 

PCR including TWO improved by 74 bps on Y-o-Y basis to 80.14 % in March’21 from 79.40 % as on March’20.

 

GNPA ratio stood at 14.12 % and NNPA ratio stood at 5.73% in March’21.

 

Business Performance in Key Parameters (as on 31.03.2021)

 

Domestic Deposits is at Rs. 1083335 Crore as at the end of March’21 as against Rs. 1054216 Crore in March’20 with YoY growth of 2.76%.

 

Domestic Advances stood at Rs. 719138 Crore as at the end of March’21 as against Rs. 741952 Crore in March’20.

 

Domestic Business stood at Rs. 1802473 Crore as at the end of March’21 as against Rs. 1796168 Crore in March’20

 

CASA deposit (Current Account & Savings Account) stood at Rs. 492782 Crore in March’ 21 as compared Rs. 442971 Crore in March’ 20 with a YoY growth of 11.24%.

 

Current Deposit stood at Rs. 75546 Crore at the end of March’21 as against Rs. 70296 Crore in March’20 with YoY growth of 7.47%.

 

Priority Sector

 

The Bank has achieved National Goals in Priority sector and agriculture credit at 41.34 % and 18.20 % of ANBC in March’ 2021, as against the National Goal of 40% and 18%, respectively.

 

Credit to Small and Marginal farmers stood at Rs. 57392 Crore in March’ 2021. National Goal achievement is 8.38 % of ANBC, exceeding the target of 8.0%.

 

Credit to Weaker Sections stood at Rs. 82086 Crore in March’ 2021. National Goal achievement is 11.36 % of ANBC, exceeding the target of 10%.

 

Credit to Micro Enterprises stood at Rs. 56136 Crore as on March’ 2021. The Bank has achieved National Goal at 7.98 % of ANBC as against the target of 7.5%.

 

Profitability

 

Net Interest Income grew YoY by 1.9 % to Rs. 6938 Crore during Q4FY21 and by 17 % to Rs. 30477 Crore during FY’21.

 

Total Income stood at Rs. 22532 Crore during Q4 FY21 and at Rs. 93562 Crore during FY’21.

 

Total Expenditure declined by 27.5 % to Rs. 16897 Crore during Q4 FY’21 and by 11.6 % to Rs. 70582 Crore during FY’21.

No comments: