PNB Announces Results for Q-3 Ending December 2014
Operating Profit upto Rs 2751 Crore For Q/3 and
Profit for 09 Months in 2015 Up to Ts 8752 crore
By Our Economics Correspondent
New Delhi, Feb 03 : State owned Punjab National Bank has shown a higher operating profit of Rs 2751 crore for the 3rd quarter of 2014-15 fiscal ending December last year while profits for the nine months , that is all three quarters combined, rises to Rs 8752 crore.
Net profit of the bank during Q/3 FY 15 touched Rs 775 crore. Net profit for the nine months ended December 2014 amounted to Rs 2755 crore, a PNB release here said.
Here are the highlights of the Bank’s performance under different verticals.
- Total Business of the Bank rose to Rs. 846634 crore in Dec 14 as compared to Rs. 746833 crore in Dec’13, showing a YoY growth of 13.4%.
- Deposits at the end of Dec’14amountedto Rs.484138 crore as compared to Rs.420647crore in Dec’13, exhibiting a growth of 15.1% on YoY basis.
- CASA deposits increased from Rs. 160961 crore in Dec’13 to Rs.173137 crore in Dec’14 recording a growth of 7.6 %.
- CASA share in domestic deposits stood at 39.44% .
- Bank’s Savings deposit registered YoY growth of 7.2%to reach Rs.143463 crore.
- Current deposits grew by 9.3% to reach Rs29674 crore.
- Net Advances of the Bank at Rs.362496 crore at the end of Dec’14grew by 11.1% (YoY) from Rs.326186crore at the end of Dec’13.
- Credit Deposit Ratio stood at 74.87 % as at Dec’14.
I N C O M E
- Total income during Q3FY’15 rose by 8.2% to Rs.12905 crore. Interest Income reached Rs.11614 crore.
- Total income during nine months FY’15 increased to Rs.38750 crore, recording a growth of 9.8%
- Net interest income during nine months FY’15 improved by 5.1% from Rs.12144 crore in Dec’13 to Rs 12764 crore in Dec’14.
- Non-Interest Income in Q3FY’15 was Rs.1291 crore . During nine months FY14, Non Interest Income improved by 28.5 % to Rs 4086 crore.
- Fee Based Income increased by 6.7% in nine months FY15 to Rs 2635 crore from Rs 2469 crore in nine months FY 14.
N P A Status
- Gross NPA ratio 5.97% while Net NPA ratio 3.82% as at Dec 14.
- Provision Coverage Ratio isat 57.27% as at Dec’14.
- Net Interest Margin (NIM) remains high at 3.21% for the quarter ended Dec’14 and 3.27 % for nine months ended Dec’14.
- Return on Assets stood at 0.53% in the Q3 FY’15. (Nine months FY’15: 0.64%)
- Cost of Deposit stood at 6.11% in Q3FY’15. (Nine months FY’15: 6.12%)
- Yield on Advances worked out to 9.86% for Q3FY’15 (nine months FY15: 10.01%)
- Cost to Income ratio worked out to 48.06 % in nine months FY’15.
- Return on Equity stood at 8.32% in the Q3 FY’15 (nine months FY’15: 9.86%)
- Earnings Per Share (annualized) was Rs.17.11 for the Q3 FY’15 (nine months ended Dec’14: Rs.20.29)
- Book Value Per Share improved to Rs.205.73 in Dec’14 (Rs.187.37 in Dec’13).
- CRAR of the bank is at 11.54% under BASEL-III (Tier-I : 8.50% ;Tier-II : 3.04 %).
ATM and Branches Status
- Bank’s Domestic branch network stands at 6406.
- Number of ATMs installed by the bank at 8209 is more than the number of branches.
- 308 lakh ATM Card holders that recordedan annual growth of 28.3%.
- More than 28 lac Internet Banking users and 314 lac customers availing SMS Alert facility.
Retail Loans
- Retail loans outstanding grew by 28.14% on YoY basis to reach Rs 46215 crore at end Dec’14.
- Housing loans portfolio grows by 23.45% to reach Rs 19759 crore.
- 21.10% y-o-y growth in Car/Vehicle loans.
- Personal loan portfolio rose by 22.39%.
- 80 Retail Asset branches are exclusively disbursing Retail loans.
PS Advances
- PS Advances grew by 19.47% to Rs 125890 crore.
- Outstanding Agricultural advances were Rs.53103 crore
Kisan Credit
The Bank has Issued 69633 fresh Kisan Credit Cards (KCCs) during Dec 2014 quarter taking the cumulative number of KCCs issued to 51.95 lakh since inception.
Credit to MSME
- Credit to MSME sector grew by 23.59% (yoy) to Rs 86409 crore as at end Dec’14.
- Credit to Micro Enterprises recorded a YoY growth of 13.22% to Rs 25377 crore as on 31.12.2014.
- Credit to Micro & Small Enterprises recorded a yoy growth of 20.56% to Rs 67585 crore as on 31.12.2014.
- 284 MSME credit growth initiative branches.
- Bank is providing 20% concession in processing / upfront fee for credit requirements, if application is received online.
Bank Accounts Under PM’s Jan Dhan Yojna
- Over 58.86 lakh accounts ,with Rs 776.47 crore opened under Prime Minister Jan Dhan Yojna. (Upto 31.12.2014)
- 2.18 lac General Credit Cards have been issued till now.
- PNB has covered 6923 villages with population of over 2000 for implementation of FIP.
