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PNB Q1FY20 results PNB Q1FY20 resolts

PNB Q1 net profit at Rs 1,019 crore

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Punjab National bank (PNB) registered a profit of Rs 1,018.63 crore for the quarter ended June 30, 2019 (Q1FY20) as against the loss of Rs 940 crore in the corresponding quarter(Q1FY19) of the corresponding previous fiscal.

The lender's gross NPAs increased to 16.49 per cent against 15.50 per cent in the previous quarter. In the year-ago period, the figures stood at 18.26 per cent.

Provisions and contingencies declined sharply by 64.86 per cent on a yearly basis to Rs 2,023.31 crore over Rs 5,758.16 crore. The number declined 80 per cent sequentially.

PNB Q1FY20 results PNB Q1FY20 results
Provision coverage ratio 74.63 %
Gross NPAs decline to Rs 77,267.29 crore
Domestic deposits

Domestic CASA Share and Saving Deposit

The bank's domestic deposits increased to Rs 649210 crore as at the end of June'19 growing YoY by Rs. 48645 crore . Domestic CASA Share improved by 27 bps y-o-y to 42.84 per cent in June'19. CASA Deposit at Rs. 278264 crore. Saving Deposit at Rs. 237212 crore as on June'19.

Net profit , operating profit

GNPA declined to 16.49 % in June'19 from 18.26 % in June'18.

The bank's retail credit grew grew by 22.05 per cent y-o-y to Rs. 91248 crore. Housing loan grew to Rs. 54451 crore with YoY growth of 29.64%. Net Profit at Rs. 1019 crore during Q1 FY'20. Operating Profit stood at Rs. 3481 crore during Q1 FY'20. GNPA declined to 16.49 % in June'19 from 18.26 % in June'18. NNPA declined to 7.17 % in June'19 from 10.58 % in June'18. PCR improved by 1283 bps to 74.63 per cent in June'19 from 61.80 per cent in June'18

"Wonder is the beginning of wisdom." ― Socrates

The bank's provision coverage ratio (PCR) stood at 74.63 per cent as of June 30. The bank's asset quality declined with percentage of gross non-performing assets (GNPA) increasing to 16.49 per cent against 15.50 per cent q-o_q. The bank's net NPA increased to 7.17 per cent from 6.56 per cent in the the same period. The bank's net interest income (NII)declined 11.73 per cent on a y-o-y basis to Rs 4,141.36 crore from Rs 4,691.86 crore in the same period last year. Gross NPAs declined to Rs 77,267.29 crore from Rs 82,888.79 crore.

ASSET QUALITY & RECOVERY MEASURES

Two special OTS schemes, one for loans upto Rs 50 lacs and another for loans above 50 lacs to Rs 50 crore (MSME accounts) have been launched.

The bank organized 12031 Recovery Camps where more than 219000 OTS cases were generated amounting to Rs. 2063 crore. OTS portal for exclusive management /monitoring of OTS proposals was designed and made operationalised.

"Any sufficiently advanced technology is indistinguishable from magic." ― Arthur C. Clarke, Profiles of the Future: An Inquiry Into the Limits of the Possible

Enhancing bank's performance in SARFAESI through effective utilization of the E-Bikray portal showcasing of prime properties for improving visibility. PRIORITY SECTOR Agriculture advances stood at Rs. 75243 crore as on 30.06.2019. The Bank has achieved National Goal in agricultural credit at 18.07% of ANBC as against the prescribed target of 18%. Credit to Small and Marginal farmer's reached Rs. 36149 crore. National Goal achievement is 8.68 % of ANBC, exceeding the target of 7.5%. Credit to Weaker Sections stood at Rs. 47976 crore. National Goal achievement is 11.52 % of ANBC, exceeding the target of 10%. Credit to women beneficiaries stood at Rs. 29489 Crore as on 30.06.19. The Bank has achieved National Goal at 7.08% of ANBC as against the target of 5%.

Curiosity has its own reason for existing

"Curiosity is one of the permanent and certain characteristics of a vigorous intellect." ― Samuel Johnson, The Rambler

"Around here, however, we don't look backwards for very long. We keep moving forward, opening up new doors and doing new things, because we're curious...and curiosity keeps leading us down new paths." ― Walt Disney Company

New initiatives

"The scholar's greatest weakness: calling procrastination research." ― Stephen King

∙Ensuring quality credit growth through 71 Centralized Loan Processing Centers (CLPCs) for loan Accounts above Rs. 50 lakh. They are working as an independent support for Credit Processing & Credit Monitoring and segregated Pre Sanction & Post Sanction work. Launched Centralized Loan Appraisal and Processing System (CLAPS) to enable quick and uniform processing of retail loans. www.psbloansin59minutes.com portal is leveraged to provide contactless loans to MSME entrepreneurs for loan ranging from Rs. 1 lac to Rs. 100 lakh through digital platform for reducing turnaround time (TAT). Bank has also developed an Online Portal for automated decision making for all micro enterprises loans upto Rs.1 lac. Bank has launched e-TReDS scheme for online discounting of trade receivable of MSME. Agricultural lending made easy and quick by implementing Lending Automation Processing System (LAPS) for objective assessment of agricultural loan proposals. Under Pradhan Mantri Awas Yojna (PMAY), applications are on-boarded on a centralised loan processing platform for fast and uniform processing and lesser turn-around time. New scoring model was also developed for PMAY customers. Rationalization of branches by leveraging synergies in the network. End to End Digitalization of Trade Finance Operations through Trade Finance Centres. Revamping of Marketing Structure from being Product Centric to Customer Centric.