Punjab & Sind Bank (NSE:PSB)

Q3 2024 Punjab & Sind Bank Earnings Call Transcript

Feb 01, 2024 / 10:00AM GMT

Release Date Price: ₹54.25 (+6.69%)

Transcript

Key Points

Positve

CASA ratio improved sequentially by 158 bps to 32.77%.
Net interest income increased sequentially by 9.48% to INR 739 crores.
Non-interest income grew by 35.07%.
Gross NPA improved to 5.70%, a 53 bps improvement.
Operating profit increased sequentially to INR 277 crores.

Negative

Net profit declined to INR 114 crores from INR 189 crores last quarter.
Provision coverage ratio slightly dipped to 88.16%.
CASA ratio declined by 33 bps year-over-year.
Advances growth was muted at 7.48% due to strategic decisions.
Capital adequacy reduced to 16.13% due to RBI circular impact.

Operator

Good afternoon, ladies and gentlemen. I'm Shilpa Abraham, the moderator for today's earnings call. I welcome and thank each one of you for joining us today for the Q3 fiscal year '24 financial results of Punjab & Sind Bank. Please note that this conference is being recorded (Operator Instructions).

I would now like to introduce the management of Punjab & Sind Bank. We have with us today, Managing Director and Chief Executive Officer, Shri Swarup Kumar Saha; Executive Director, Dr. Ram Jass Yadav; Executive Director, Shri Ravi Mehra; and Chief Financial Officer, Ms. Mahima Agarwal. I would now like to hand over the conference to Shri Swarup Kumar Saha, MD and CEO of Punjab & Sind Bank for the opening remarks, after which we will have the forum open for the interactive Q&A session.

Thank you. And over to you, sir.

Swarup Saha

Punjab & Sind Bank - Chief Executive Officer, Managing Director, Executive Director

Yes. Thank you, Shilpa. And good afternoon everybody for joining this to the post Q3 financial performance on the con

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