PNB Financial Results for the Quarter Ended 30th September 2022
Key Highlights
* Net profit for Q2 FY23 was at Rs.411 Crore and grew 33.4% on QoQ basis.
* Operating Profit was at Rs.5567 Crore during Q2 FY23 grew by 38.5% on YoY basis.
* Global NIM improved by 61 bps to 3.00% in Q2 FY23 from 2.39% in Q2FY’22. For September’22.
* Global NIM for Q2FY23 improved by 21 bps on QoQ basis.
* Net interest income increased by 30.2% YoY to Rs.8271 Crore in Q2 FY23.
* Cost to income ratio for Q2 FY23 was at 49.93% an improvement of 834 bps on YoY basis.
* Global Gross Advances grew by 12.84% on YoY basis to Rs.830212 Crore in September’22.
* Retail Credit increased by 16.95% on YoY basis to Rs.155409 Crore as at the end of September’22 with Core Housing loan having grown by 7.8% on YoY basis.
* Global Deposits grew by 7.00% on YoY basis to Rs.1193501 Crore as at the end of September’22 as against Rs.1115373 Crore in September’21.
* CASA Share stands at 44.91% of Domestic Deposits as on September’22.
* GNPA ratio improved by 315 bps to 10.48% in September’22 from 13.63% in September’21. There was an improvement of 79 bps on QoQ basis.
* NNPA ratio improved by 169 bps to 3.80% in September’22 from 5.49% in September’21. There was an improvement of 48 bps on QoQ basis.
* PCR including TWO improved by 319 bps to 83.96% in September’22 from 80.77% in
September’21.
* Credit Cost improved on QoQ basis by 70 bps to 1.76% in Q2FY23.
Business Performance in Key Parameters (September’22)
* Global Gross Business increased by 9.33% on YoY basis to Rs.2023712 Crore as at the end of September’22 as against Rs.1851097 Crore in September’21.
* Savings deposits grew by 5.84% to Rs.451707 Crore in September’22.
* Current deposits were at Rs.72741 Crore in September’22.
* As on September’22, Share of RAM is 53.5% and YoY growth is 8.85%
* Within Retail Credit:
- Housing Loan increased by 7.8% on YoY basis to Rs.76877 Crore.
- Vehicle loan increased by 35.3% on YoY basis to Rs.14038 Crore.
- Personal Loan increased by 36.4% on YoY basis to Rs.14294 Crore.
* Agriculture Advances increased YoY by 4.81% to Rs.140303 Crore.
* MSME Advances increased YoY by 4.57% to Rs.130218 Crore.
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