Punjab & Sind Bank announced their financial results for Quarter 2/ Half Year ended on September 30th, 2022.
The Key Highlights (Q2 FY 2023) include:
- Operating Profit up by 26.19% (Q-o-Q) and 5.64% (Y-o-Y).
- Gross Non-Performing Assets (GNPA) ratio reduces by 487 bps on Y-o-Y basis to 9.67%.
- Net Non-Performing Assets (NNPA) ratio reduces by 157 bps on Y-o-Y basis to 2.24%.
- Net Interest Margin (NIM) improves to 3.06% for Q2 FY2023 from 2.60% (Y-o-Y).
- Capital Adequacy ratio (CRAR) at 15.68% with Common Equity Tier 1 (CET-1) ratio of 12.65% at the end of HY1 FY2023.
- Net Profit stands at Rs.278 Cr against Net profit of Rs.218 Cr for Sept’ 2021 growth of 27.51%.
- Net Interest Income grows by 25.61% on Y-o-Y basis.
- Return on Assets (ROA) improves to 0.84%, improvement of 12 bps (Y-o-Y).
- CASA Deposit grows by 13.89% on Y-o-Y basis and its share in Total Deposit stands at 33.36%. An improvement of 312 bps.
- RAM (Retail, Agriculture & MSME) Advances up by 16.18% (Y-o-Y).
- Retail advances up by 18.95% to Rs.12619 Cr (Y-o-Y).
- MSME advances up by 17.46% to Rs.13787 Cr (Y-o-Y).
- Agriculture advances up by 11.86% to Rs.11531 Cr (Y-o-Y).
- Credit – Deposit (CD) ratio improves to 70.07%, improvement of 376 bps.
- Provision Coverage Ratio (PCR) (including TWO) stands at 89.16% in Sept’ 2022 against 84.44% in Sept’ 2021.
- Slippage ratio improves to 0.58% for Q2 FY2023 from 2.66% for Q2 FY2022.
Other Highlights include:
- Operating Profit up by 26.19% (Q-o-Q) and 5.64% (Y-o-Y).
- Gross Non-Performing Assets (GNPA) ratio reduces by 487 bps on Y-o-Y basis to 9.67%.
- Net Non-Performing Assets (NNPA) ratio reduces by 157 bps on Y-o-Y basis to 2.24%.
- Net Interest Margin (NIM) improves to 3.06% for Q2 FY2023 from 2.60% (Y-o-Y).
- Capital Adequacy ratio (CRAR) at 15.68% with Common Equity Tier 1 (CET-1) ratio of 12.65% at the end of HY1 FY2023.
- Net Profit stands at Rs.278 Cr against Net profit of Rs.218 Cr for Sept’ 2021 growth of 27.51%.
- Net Interest Income grows by 25.61% on Y-o-Y basis.
- Return on Assets (ROA) improves to 0.84%, improvement of 12 bps (Y-o-Y).
- CASA Deposit grows by 13.89% on Y-o-Y basis and its share in Total Deposit stands at 33.36%. An improvement of 312 bps.
- RAM (Retail, Agriculture & MSME) Advances up by 16.18% (Y-o-Y).
- Retail advances up by 18.95% to Rs.12619 Cr (Y-o-Y).
- MSME advances up by 17.46% to Rs.13787 Cr (Y-o-Y).
- Agriculture advances up by 11.86% to Rs.11531 Cr (Y-o-Y).
- Credit – Deposit (CD) ratio improves to 70.07%, improvement of 376 bps.
- Provision Coverage Ratio (PCR) (including TWO) stands at 89.16% in Sept’ 2022 against 84.44% in Sept’ 2021.
- Slippage ratio improves to 0.58% for Q2 FY2023 from 2.66% for Q2 FY2022.
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