10 CRORE ACCOUNTS IN THE KITTY -PNB DISPLAYS A FABULOUS ACHIEVEMENT

10 CRORE ACCOUNTS IN THE KITTY -PUNJAB NATIONAL BANK DISPLAYS  A FABULOUS ACHIEVEMENT

PNB Performance Highlights for the quarter ended December 2014

TOTAL BUSINESS GROWS BY 13.4%
GLOBAL DEPOSITS GROW BY 15.1%
CASA DEPOSITS ABOVE Rs 173000 CRORE
CASA SHARE IN DOMESTIC DEPOSITS AT 39.44 %`
NET INTEREST MARGIN REMAINS HIGH AT 3.21 %
BOOK VALUE PER SHARE INCREASES TO Rs 205.73
NUMBER OF ACCOUNTS CROSS 10 CRORE


Operating Profit for Q3FY’15 IS at Rs.2751 crore.

Operating profit of the Bank during the nine months FY’15 grew by 6.6% to reach Rs.8752 crore from Rs. 8211 crore as of nine months FY’14.
Net Profit of the Bank during Q3FY15 reached Rs 775 crore
Net Profit for nine months ended Dec’14 amounted to Rs2755 crore .
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’14 amounted to Rs.484138 crore as compared to Rs.420647 crore 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’14 grew by 11.1% (YoY) from Rs.326186 crore at the end of Dec’13.
Credit Deposit Ratio stood at 74.87 % as at Dec’14.


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.

Gross NPA ratio 5.97% while Net NPA ratio 3.82% as at Dec 14.
Provision Coverage Ratio is at 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 %).



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 recorded an annual growth of 28.3%.
More than 28 lac Internet Banking users and 314 lac customers availing SMS Alert facility.

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 grew by 19.47% to Rs 125890 crore.
Outstanding Agricultural advances were Rs.53103 crore as at Dec’14.

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 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.



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.



Special Agriculture Credit Campaigns organized during rabi season of the current year keeping a target of Rs 4000 crore..
100732 persons trained at Bank’s cost by 10 Farmers’ Training Centers during nine months FY15
Under the aegis of PNB Centenary Rural Development Trust (PNBCRDT)
19697 persons including 12125 women trained at 52 PNB Rural Self Employment Training Institutes (PNBRSETIs) during nine months FY15.
Three new schemes for promoting finance under agriculture viz. PNB Dugdha Vikas Yojna , Scheme for financing under contract farming and scheme on organic farming.


Bank has established overseas footprints via 4 Overseas Branches, 3 Subsidiaries, 1 Joint Venture and 3 Rep Offices.
Bank has got permission from RBI for opening of representative office in Yangon (Myanmar) and Dhaka (Bangladesh).
Bank’s future overseas forays include up gradation of rep-office at Australia into a branch, and exploring possibilities for presence in Brazil , South Africa, Sri Lanka and Mozambique.


PNB was awarded with ‘MSME BANKING EXCELLENCE AWARD 2014’ (RUNNER UP) FOR FINANCING MSME AND THEIR FINANCIAL INCLUSION
PNB awarded Niryat Shree & Niryat Bandhu Awards
Punjab National Bank was conferred Financial Inclusion Citation by CNBC TV 18
Punjab National Bank was conferred ‘Social Banking Excellence Award’ 2014 by The Associated Chambers of Commerce & Industry of India
Banking Frontiers HR Awards-Inspiring Work Place 2014.
Runner up in National Payment Excellence Award in the category of IMPS by NPCI

New Delhi
3 February 2015