PNB Financial Results for the Quarter Ended 30th June 2023

Key Highlights

Net revenue for Q1 FY24 was at ₹1255 Crore and grew by 307.02 % on YoY foundation.

Operating Profit was at ₹ 5,968 Crore throughout Q1 FY’24 grew by 10.95% on YoY foundation.

Net Interest Income elevated by 26.00% YoY to ₹ 9,504 Crore in Q1 FY24.

Global NIM improved by 29 bps on YoY foundation to three.08% in Q1 FY24 from 2.79% in Q1 FY’23.

GNPA ratio improved by 354 bps on YoY foundation to 7.73% as on June’23 from 11.27% as on

June’22.

NNPA ratio improved by 230 bps on YoY foundation to 1.98% as on June’23 from 4.28% as on
June’22.

Provision Coverage Ratio (together with TWO) improved by 679 bps on YoY foundation to 89.83% as on
June’23 from 83.04% as on June’22.

Provision Coverage Ratio (PCR) Excluding TWO improved by 1105 bps YoY to 75.84% in
June’23 from 64.79% in June’22.

Slippage ratio improved to 1.19 % in Q1 FY24 from 3.75 % in Q1FY’23.

Credit Cost declined by 47 bps on YoY foundation to 1.99% in Q1 FY’24.

Global Business elevated by 14.3percenton YoY foundation to ₹ 22,14,741 Crore as on June’23 as towards
₹19,36,924 Crore as on June’22.

Global deposits grew by 14.18% on YoY foundation to ₹ 12,97,905 Crore as on June’23.

Global Advances grew by 14.58% on YoY foundation to ₹ 9,16,836 Crore as on June’23.

RAM share improved by 217 bps on YoY foundation to 54.74% as on June’23.

Business Performance in Key Parameters

Savings deposits elevated to ₹ 4,64,004 Crore as on June’23 from ₹4,47,258 Crore as on
June’22.

Current deposits have been at ₹ 66,838 Crore as on June’23.

CASA Share (Domestic) stands at 41.9% as on June’23.

Core Retail Advances grew YoY by 16.2% to ₹ 1,41,040 Crore as on June’23. Within Core Retail
Credit:
• Housing Loan elevated by 12.5% on YoY foundation to ₹83,893 Crore.
• Vehicle mortgage elevated by 27.1% on YoY foundation to ₹17,093 Crore.
• Personal Loan elevated by 46.4% on YoY foundation to ₹18,940 Crore.
Total Retail elevated by 40.14% YoY foundation from ₹ 1,46,321 Crore in June’22 to ₹ 2,05,058 Crore
in June’23.

Agriculture Advances grew by 9.26% on YoY foundation to ₹1,45,572 Crore in June’23.

MSME Advances grew by 5.96% on YoY foundation to ₹1,32,398 Crore in June’23

Profitability

Net curiosity revenue was at ₹ 9504 Crore for Q1 FY’24 registering development of 26.0% on YoY foundation.

Total Income of the Bank for Q1 FY’24 was at ₹ 28,579 Crore recording development of 34.2% on YoY
foundation.

Total Interest Income of the Bank for Q1 FY’24 was at ₹ 25,145 Crore recording development of 34.1%
on YoY foundation.

Non-interest revenue for Q1 FY’24 was at ₹ 3,434 Crore and it grew by 35.3 % on YoY foundation.

Total Interest Expenses of the Bank for Q1 FY’24 was at ₹ 15,641 Crore recording development of
39.5 % on YoY foundation.

Other Operating Expenses for Q1 FY’24 was at ₹ 2,483 Crore and it grew by 15.3% on YoY
foundation.

Efficiency/Productivity Ratio

Global Yield on Advances improved to eight.05% in Q1FY’24 as in comparison with 6.49% in Q1FY’23.
Global Cost of Deposits elevated to 4.72% in Q1FY’24 as in contrast 3.79% in Q1FY’23.
Business per worker improved to ₹ 22.22 Crore in June’23 from ₹ 19.14 Crore in June ’22.
Business per department improved to ₹ 214.77 Crore in June’23 from ₹ 188.85 Crore in June’22.
Net revenue per worker improved to ₹ 5.18 lakh in Q1FY’24 from ₹1.24 lakh in Q1FY’23.
Net revenue per department improved to ₹ 49.95 lakh in Q1FY’24 from ₹ 12.28 lakh in Q1FY’23.

Asset Quality

Gross Non-Performing Assets (GNPA) have been at ₹ 70,899 Crore as on June’23 as towards
₹ 90,167 Crore as on June’22 declined by ₹ 19268 crore on YoY foundation.
Net Non-Performing Assets (NNPA) have been at ₹ 17,129 Crore as on June’23 as towards ₹ 31,744
Crore as on June’22 declined by ₹ 14615 crore on YoY foundation.

Capital Adequacy

CRAR improved from 14.82% as on June’22 to fifteen.54% as on June’23. Tier-I is at 12.29 % (CET1 was at 10.85%, AT1 was at 1.44%) and Tier-II is at 3.25% as at June’23

Priority Sector Achievement

Priority Sector Advances exceeded the National Goal of 40% and was at 42.52 % of ANBC

Agriculture advances exceeded the National Goal of 18% and was at 18.12 % of ANBC

Credit to Weaker Sections exceeded the National Goal achievement of 12 % and was at
13.52 % of ANBC

Credit to Micro Enterprises exceeded the National Goal achievement of seven.50% and was at 8.16 %
of ANBC.

Financial Inclusion

PMJDY account elevated to 466 lakhs as on June’23 from 429 Lakh in June’22.
Enrollment underneath PMJJBY, PMSBY & APY:-
(No. In Lacs)
JAN SURAKSHA SCHEME ENROLLMENT UP TO 30.06.2022 30.06.2023
Pradhan Mantri Jeevan Jyoti Bima Yojana 45.36 58.99
Pradhan Mantri Suraksha Bima Yojana 187.03 221.73
Atal Pension Yojana 21.74 30.12

Digital Progress

Number of UPI Transactions elevated by 3.4 occasions to 26.3 lakh in Q1 FY24 from 7.6 lakh in
Q1 FY’23.

Active PNB ONE (Mobile App) customers elevated to 134 Lakhs recorded 139% YoY development throughout
Q1 FY24 from 56 lakh in Q1 FY’23.

Number of transactions achieved by means of PNB ONE (Mobile App) elevated by 1.8 occasions to 112 lakh
in Q1 FY24 from 62 lakh in Q1 FY’23.

Internet Banking Services (IBS) customers elevated to 399 Lakhs recorded 15% YoY development throughout
Q1 FY24

PNB One App Adoption

Average every day downloads elevated from 14.6 thousand in March’22 to twenty-eight.9 thousand in
June’23.
Average every day energetic customers elevated from 3.3 Lakh in March’22 to six.7 lakh in June’23.
Daily login improved from 6 Lakh in March’22 to 13 Lakh in June’23.
Daily Transactions improved from 76 thousand in March’22 to 130 thousand in June’23.

Digital Banking –Way Forward

Bank is targeted on facilitating ease of service and enhanced buyer expertise by means of the launch of
the following digital journeys:
RETAIL SEGMENT:
o Digital Home Loan- For offering Pre-approved Housing Loan.
o Digital Vehicle Loan- Digital Vehicle Loan to Bank’s current prospects.
o Loan towards Securities(eLAS)- Loan towards Bond/Debenture/Shares/Mutual Funds/Sovereign
Gold Bond for current buyer for private use.
o Digital Education Loan.
MSME SEGMENT:
o e-GST Express- Digital lending towards GST by means of PNB GST Express Loan.
o PM e-SVANidhi- To make the Svanidhi mortgage to be extra versatile and simply accessible for all eligible
city road vendor.
AGRICULTURE SEGMENT:
o e-NWR (e-godown)- Financing towards digital negotiable warehouse receipt.
o Agri Gold Loan- To present hassle-free credit score to ETB/NTB prospects for private use towards
safety of gold ornaments.
o Agriculture Value Chain Financing (FPO).

Distribution Network

As on 30th June’23, the Bank has 10080 variety of Domestic branches. Rural: 3898 (39%)
Semi-Urban: 2456 (24%), Urban: 1998 (20%) & Metro: 1728 (17%), 2 International Branches,
12820 variety of ATMs and 25115 BCs.

Awards & Accolades

Bank acquired following awards throughout Q1 FY’ 24:

Atal Pension Yojana (APY) National Championship and Annual Target Achievement Award by
Pension Fund Regulatory and Development Authority (PFRDA).

Infosys Finacle Innovation Awards 2023:
– Maximizing Customer Engagement – Platinum winner-PNB One – Super App.
– Channel Innovation – Gold winner-e-OTS.

third place underneath Public Sector Banks class in the NPS Recognition Programme for
FY 2022-23 by Pension Fund Regulatory and Development Authority (PFRDA).

Industry Best Data Quality (DQ) – Index for FY 2022-23 in shopper section by TransUnion CIBIL

Social Media Presence of the Bank: (No. of Followers)

❖Facebook: 19,26,827 with YoY development of 23.10% https://www.fb.com/pnbindia/
❖Twitter: 4,13,200 with YoY development of 35.23% https://twitter.com/pnbindia
❖LinkedIn 1,21,508 with YoY development of 30.42% https://in.linkedin.com/firm/pnbindia
❖Instagram: 1,37,741 with YoY development of 51.97% https://www.instagram.com/pnbindia
❖Youtube: 1,38,000 with YoY development of 63.26% https://www.youtube.com/pnbindia
❖Koo: 44,300 with YoY development of 157.50%