Punjab & Sind Bank (NSE:PSB)

Q1 2025 Punjab & Sind Bank Earnings Call Transcript

Jul 29, 2024 / 10:00AM GMT

Release Date Price: ₹69.1 (+0.96%)

Transcript

Key Points

Positve

Business of the bank grew by 7.10% YoY, reaching INR2,08,331 crores.
Net interest income increased by 15.18% YoY.
Operating profit grew by 23.35% YoY.
Net profit increased by 18.95% YoY, with a sequential growth of 30.94%.
Gross NPA reduced to 4.72%, showing a reduction of 208 bps.

Negative

CASA growth was only 5.36%, which is relatively low.
Retail agri exposure reduced by roughly 2.5% quarter-on-quarter.
Cost-to-income ratio remains high at 69.67%.
Challenges in deposit growth vis-à-vis credit growth.
Impact of INR4,200 crores adjustment to general reserve due to new investment guidelines.

Shilpa Abraham

Punjab & Sind Bank - Investor Relations

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 Q1 fiscal year '25 earnings conference call of Punjab & Sind Bank. Please note that this conference is being recorded. (Event Instructions)

I would now like to introduce the management of Punjab & Sind Bank. We have with us today, Shri Swarup Kumar Saha, Managing Director and Chief Executive Officer; Shri Ravi Mehra, Executive Director; and Shri Arnab Goswamy, Chief Financial Officer.

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.

Swarup Saha

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

Thank you, Shilpa, and good afternoon to all of you who have joined for this Q1 earnings call of Punjab &

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