Mumbai News Network Latest News: Immediate Dissemination| PNB Q4FY20 result

Saturday, 20 June 2020

Immediate Dissemination| PNB Q4FY20 result

Financial Results For Q-4 of FY 2019-20

Journey Towards…Synergies…Strengths…Size...

Bank’s Gross Global Business reached Rs. 12,20,775Crore

Key Highlights for Q4 FY'20

· Domestic Deposits increased by 4.9% on Y-o-Y basis to Rs. 6,86,493Crore as at the end of

March’20.

· Domestic Advances increased by 1.1% on Y-o-Y basis toRs. 4,95,045Crore as at the end ofMarch’20.

· Domestic Business increasedby 3.2% on Y-o-Y basis to Rs. 11,81,538Crore as onMarch’20 fromRs.11,44,348Croreas onMarch’19.

· CRAR as per Basel III improved to 14.14% in March’20 from 9.73% in March’19.

· CASA Deposits grew by 6.1% on Y-o-Y basis to Rs. 3,02,475Crore in March’20. Domestic CASA Share improved by 54 bpson Y-o-Y basis to 44.05% in March’20.

· Retail Credit grew by 6.1% on Y-o-Y basis to Rs. 83,479Crore in March’20. Housing loan grew by 14.2% on Y-o-Y basis to Rs. 51,267Crore in March’20.

· Operating Profit grew by 37.40% on Y-o-Y basis toRs. 3,932 Crore in Q4 FY’20

· Non-Interest Income grew by 33.9% on Y-o-Y basis to Rs. 2,529 Crore in Q4 FY’20.

· NNPA ratio at 5.78% is down by 78 bps on Y-o-Y basis from 6.56% in March’19.

· Provision Coverage Ratio (PCR) improved significantly by 329bps on Y-o-Y basis from 74.50% as on March’19 to 77.79% as on March’20.

Business Performance in Key Parameters (as on 31.03.2020)

❖ Global Business of the Bank grew by 3.3% on Y-o-Y basisto Rs. 12,20,775Crore from Rs. 11,82,224 Croreduring last year corresponding period.

❖ Global Deposit of the Bank grew by 4.1%on Y-o-Y basis toRs. 7,03,846Crore.

❖ Gross Global Credit grew by 2.1% on Y-o-Y basistoRs. 5,16,929Crore.

❖ CASA deposit grew by 6.1%on Y-o-Y basis toRs. 3,02,475Crore.

❖ Retail Credit grew by 6.1% on Y-o-Y basisto Rs. 83,479 Crore.

Asset Quality

❖Gross Non Performing Assets (GNPA) is at 14.21%as on March’20 as against 15.50% in March’19.

❖Net Non Performing Assets (NNPA) reducedto 5.78%as on March’20 down from 7.18% as on December’19 and 6.56% as on March’19.

❖Provision Coverage Ratio (PCR) improvedto 77.79% as on March’20 from74.50% as on March’19.

Capital Adequacy

❖CRAR as on March 31, 2020 improved to 14.14% from 9.73% as on March 31, 2019. Out of which Tier-I CRAR is 11.90% and Tier-II CRAR is 2.24% as on March’20.

Digitalization

❖Percentage share of transactions through Alternate Delivery Channels increased to 73% in March’20.

❖Internet Banking User Base increased YoY by 13.5%.

❖PNBOne (Mobile Application)User Base increased YoY by 224%.

Priority Sector

❖Priority sector and Agricultural Credit isRs. 1,82,344Crore&Rs. 79,707 Crore, respectively, as on March’20.

❖Credit to Small and Marginal farmers isRs. 40,512 Crore as on March’20. National Goal achievement is 8.9% of ANBC, exceeding the target of 8.0%.

❖Credit to Weaker Sections is at Rs. 50,850 Crore as on March’20. National Goal achievement is 11.30% of ANBC, exceeding the target of 10.0%.

❖Credit to Women Beneficiaries is Rs. 30,580 Crore as on March’20. The Bank has achieved National Goal at 6.8% of ANBC as against the target of 5%.

Financial Inclusion

❖Amount mobilized under Pradhan Mantri Jan DhanYojana stood at Rs. 5,780Crore as on Mar’20. ❖Enrollment under PMJJBY, PMSBY & APY:-

		(Nos. in Lakh)

JANSURAKSHA SCHEME ENROLLMENT UP TO	MARCH’19	MARCH’20

Pradhan MantriJeevanJyotiBimaYojana (PMJJBY)	15.7	17.5

Pradhan MantriSurakshaBimaYojana (PMSBY)	69.6	74.0

Atal Pension Yojana (APY)	4.1	5.1

Network

❖As on 31.03.2020 the bank has a network of 6,563 branches (1,045 Metro, 1,197 Urban,1,735 Semi-Urban & 2,586 Rural) and 9,168 ATMs.

NewFintech Initiatives Undertaken For Customer's Convenience

❖Thumb work Technologies

^§WALNUT: Expense Manager which also facilitates fund transfer via PNB UPI services.

^§UPI handle: pnbpay

^§PIHU integrated with PNB Net Banking and PNB ONE to resolve customer queries.

^§PNB KITE: Co branded Prepaid Card with two flavours i.e. Corporate Card and Gift Card

^§Closed Group Card setup for small transactions. It can work in offline mode.

Amalgamation of Oriental Bank of Commerce and United Bank of India into Punjab National Bank

^vAmalgamation of Oriental Bank of Commerce and United Bank of India into Punjab National Bank has become effective from April 1, 2020.

^vIt has led to augmented Capacity, Capability and Reach

^§Wider geographical presence with a combined distribution network of 10910 branches&13530 ATMs in India.

^§Customer base of 17 Crore+ customers with Deposits of Rs.10.71 Lakh Crore and advances of Rs. 7.62 Lakh Crore.

^§Positioned as the second largest Public Sector Bank in the country.

^§Realization of operational, revenue and cost synergies.

^vRoll out of verticalized Organization Structure to improve operational efficiency and provide steady growth momentum

^§Departmental Verticals at Head Office have been re-organized, and number of Zonal Offices & Circle Offices have been increased to 24 and 161, respectively.

^§Businessand Controlfunctions have been segregated to have focussed approach for business development and improve customer service.

^§4-tier credit delivery model with 23 LCB/ELCBs for loan accounts of Rs.50 Crore& above, 116 MCC for loan accounts from Rs.1 Crore to upto Rs.50 Crore, 135 PNB Loan Point (RAM/iRAM) for Retail, Agriculture & MSME Credit above Rs.10 Lakh to upto Rs.1 Crore and General Banking Branches for loan accounts upto Rs.10 Lakh.

^§50 Customer Acquisition Centresfor focussing on liability business from Corporates, Institutions, HNIs, NRIs including Wealth Management and Retail Business

^§Separate Recovery & ResolutionVertical formed for focused recovery action.

^§24 Zonal Risk Management Cellsoperationalisedto strengthen Risk Cultur

^§Organization Structure shall go live on 01.07.2020 for PNB 2.0.