PNB Q1FY22 Result
PNB Q1FY22: Net profit jumps 232 pc to Rs 1,023 cr, NII zooms to Rs 7,227 cr
New Delhi/IBNS: Punjab National Bank reported a net profit of Rs 1,023 crore during Q1FY22, up 232.1 per cent from Rs 308 crore in Q1FY21.
Net Interest Income (NII) grew by 6.6 per cent year-on-year to Rs 7,227 crore in Q1 FY’22.
The bank said its total interest income stood at Rs. 18,921 crore and non-interest Income was at Rs. 3,594 crore.
In the quarter ended June 30, 2021, the lender's gross non-performing assets (GNPA) ratio stood at 14.33 per cent while net-non performing assets (NNPA) stood at 5.84 per cent as against 5.73% in the previous quarter (Q4F21).
Provisioning Coverage Ratio (PCR) stood at 80.26 per cent.
The bank's Operating Profit or Earnings Before Interest and Tax (EBIT) grew by 15.5 per cent on Y-o-Y basis to Rs 6,099 crore in Q1FY22.
CASA Domestic Deposits stood at Rs 10,78,937 crore at the end of June 2021 as against Rs 10,44,290 crore in June 2020 with YoY growth of 3.32 per cent.
Savings Deposit grew by 8.34 per cent on Y-o-Y basis to Rs. 4,19,525 crore as on June 2021.
Capital to risky asset ratio (CRAR) improved to 15.19 per cent in June 2021 from 12.63 per cent in June 2020. Out of which Tier-I is 12.47%, CET-1 is 11.56% and Tier-II CRAR is 2.72% as at June’21.
NIM improved by 23 bps to 2.73% in Q1 FY22 from 2.50% in Q1 FY2021.
Domestic Advances improved marginally to Rs 7,08,082 Crore as at the end of June 2021 from Rs 7,02,171 crore in June 2020 with growth of 0.84 per cent.
Internet Banking Services (IBS) users increased to 262 lakhs as at June 2021 from 233 lakhs in June 2020.
PNB One Mobile Banking Services (MBS) users increased 49 per cent YoY to 251 Lakhs as at June 2021 from 169 Lakhs in June 2020.
Bharat QR Code users increased to 4 Lakhs as at June’21 from 1.34 Lakh in June 2020 with YoY growth of 198 per cent.
Number of UPI transactions increased 90 per cent YoY to 36.45 Crore during June 2021 from 19.16 crore in June 2020.
As on June 30, 2021, the bank has 10641 branches (including extension counter). Rural: 3873, Semi-Urban: 2636, Urban: 2216 and Metro: 1916.
The lender has 13, 690 ATMs and 12518 Business Correspondents (BCs)
PNB has two international branches.
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