Customer Focussed

In spite of a challenging year, Punjab National Bank (PNB) reached the mark of Rs 19,31,322 crore in gross global business as on 31st March, 2022. Its gross global advances stood at Rs 7,85,104 crore while its gross global deposit was at Rs 11,46,218 crore. PNB's low-cost franchise remained robust with the domestic CASA share at 47.43 per cent, an improvement of 195 basis points (bps) over last year. Current and Saving Deposits (CASA) stood at Rs 5,33,654 crore growing 8 per cent over the previous fiscal year. 

"The global cost of deposit was contained at 3.99 per cent," said Atul Kumar Goel, MD and CEO, PNB. Goel earlier headed UCO Bank. 

For the fiscal year 2021-22, PNB's profitability parameters and ratios remained stable. Bank’s operating profit was Rs 20,761 crore while its net profit grew 71 per cent to Rs 3,457 crore from Rs 2,022 crore in FY21. The return on assets and return on equity also improved to 0.26 per cent and 5.96 per cent, respectively during FY22. The key productivity parameter, business per employee, also increased to Rs 19.41 crore as on March 31, 2022. The domestic and global net interest margin (NIM) for PNB stood at 2.79 per cent and 2.71 per cent respectively, in FY22.  

The level of non-performing assets or NPAs witnessed a sequential reduction for PNB during FY22. Gross NPA reduced to Rs 92,448 crore as on 31st March, 2022 while net NPA reduced to Rs 34,909 crore from Rs 1,04,423 crore and Rs 38,576 crore, respectively. The bank’s gross NPA ratio also improved 234 bps to 11.78 per cent, while its net NPA ratio improved 93 bps and was at 4.80 per cent as on March 31, 2022. 

Atul Kumar Goel, Managing Director & CEO, Punjab National Bank

Total Assets: Rs 13,39,301 crore

Total Income: Rs 88,339 crore

Operating Profit: Rs 4,594 crore

Net Profit: Rs 3,676 crore