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"� q;af" � �. -i;r� �,
21, � �- � �-110008H.O. Account & Audit Department "SHARES CELL" Bank House, 1st Floor 21, Rajendra Place, New Delhi-110008
Phone : 011-25782926, 25812922, 25817353, 25728930, Telefax : 25781639, 15728919, Email : complianceofficer@psb.co.in
ffl/Ref. No.
�/Dated: ..........................
Ref:PSB/HO/Shares Cell/ | /2021-22 | November 01, 2021 | |||||
To, | |||||||
Bombay Stock Exchange Limited, | National Stock Exchange of India Ltd., | ||||||
Der,artment of Corporate Services, | Exchange Plaza, C - 1, Block - G, | ||||||
25t , floor, Phiroze Jeejeebhoy Towers, | Bandra Kurla Complex, Sandra (East), | ||||||
Dalal Street, Fort, Mumbai - 400 00 l. | Mumbai - 400 051. | ||||||
SCRIP CODE : | 533295 | SYMBOL: PSB | SERIES: EQ |
Dear Sir,
Reg: Punjab & Sind Bank - Board Meeting dated 01.11.2021:
Reporting pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
We wish to inform that the Board of Directors of Punjab & Sind Bank at its meeting held on 01.11.2021, resolved and approved the Unaudited, Reviewed Financial Results for the Quarter (Q2) I Half Year ended September 30, 2021.
We are forwarding a copy of Reviewed Un-audited Financial Results, Segment Reporting and Limited Review Report by Auditors. The same can also be viewed on the website of the Bank i.e. https://punjabandsindbank.co.in/
Deviation/Variation in Utilization of Funds Raised for the Quarter ended 30.09.2021 is NIL and the same is enclosed herewith.
The meeting of the Board of Directors commenced at 11.30 AM and concluded at O1.30 PM.
You arc requested to take a note of the above, pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The information may kindly be uploaded on your website.
Yours faithfully,
,��':.t:.,:l
Company Secretary
�
PUNJAB & SIND BANK
Head Office 21, Rajendra Place, New Delhi 11O 008
Reviewed Financial Results for the Quarter/Half year ended 30th September, 2021
,--·-·--· | (Rupees in lacs) | ||||||||
QUARTER ENDED | HALF YEAR ENDED | YEAR | |||||||
SI. | |||||||||
Particulars | 30.09.2021 | 30.06.2021 | 30.09.2020 | 30.09.2021 | 30.09.2020 | ENDED | |||
No. | 31.03.2021 | ||||||||
Reviewed | Reviewed | Reviewed | Reviewed | Reviewed | |||||
Audited |
I | 1 | ||||||||||||||||||||||||||||||||
INTEREST EARNED {a+b+c+d) | 174092 | 169042 | 180012 | 343134 | 360014 | ||||||||||||||||||||||||||||
697391 | |||||||||||||||||||||||||||||||||
..ill.Interest/ discount on advances/bills | 115071 | 116742 | 126499 | 231813 | 253304 | 486545 | |||||||||||||||||||||||||||
_Q)_Income on Investments | 52822 | 47647 | 48793 | 100469 | 96466 | 187367 | |||||||||||||||||||||||||||
-��erest on Balances with RBI & Other Inter Bank Funds | 2930 | 1954 | 1606 | 4884 | 4254 | 11406 | |||||||||||||||||||||||||||
di Others | 3269 | 2699 | 3114 | 5968 | 5990 | 12073 | |||||||||||||||||||||||||||
2 | Other Income | 20420 | 21378 | 17466 | 41798 | 32176 | 77859 | ||||||||||||||||||||||||||
3 | T(JTAL INCOME {1+2) | 194512 | 190420 | ||||||||||||||||||||||||||||||
197478 | 384932 | 392190 | 775250 | ||||||||||||||||||||||||||||||
4 | Interest Expended | 112380 | 111141 | 118669 | 223521 | 244949 | 471200 | ||||||||||||||||||||||||||
5 | Operatinq Expenses (i)+(ii) | 57251 | 51731 | 58107 | 108982 | 104675 | 239350 | ||||||||||||||||||||||||||
i) Employees Cost | 36612 | 33801 | 41684 | 70413 | 73636 | 168807 | |||||||||||||||||||||||||||
ii) Other Operatinq Expenses | 20639 | 17930 | 16423 | 38569 | 31039 | 70543 | |||||||||||||||||||||||||||
6 | TOTAL EXPENDITURE (4+5) (excluding Provisions & | 169631 | 162872 | 176776 | 332503 | 349624 | 710550 | ||||||||||||||||||||||||||
Continqencies) | |||||||||||||||||||||||||||||||||
7 | Operating Profit before Provisions & Continqencies (3-6) | 24881 | 27548 | 20702 | 52429 | 42566 | 64700 | ||||||||||||||||||||||||||
8 | Provisions (other than tax) and Continqencies | 15078 | -5811 | 83941 | 9267 | 121470 | 405123 | ||||||||||||||||||||||||||
Of Which Provisions for Non Performing Assets (net of | 62652 | -12684 | 82170 | 49968 | 114508 | 255287 | |||||||||||||||||||||||||||
---- | �cover!es) | ||||||||||||||||||||||||||||||||
0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||||
9 | Exceptional Items | ||||||||||||||||||||||||||||||||
10 | _Profit(+)/ Loss(-) from Ordinarv Activities before tax (7-8-9) | 9803 | 33359 | -63239 | 43162 | -78904 | -340423 | ||||||||||||||||||||||||||
11 | Tax Expense | -12025 | 15974 | -23112 | 3949 | -27088 | -67133 | ||||||||||||||||||||||||||
Net Profit (+)/ Loss (-l from Ordinary Activities after tax (10-11 l | 21828 | 17385 | -40127 | 39213 | -51816 | -273290 | |||||||||||||||||||||||||||
12 | |||||||||||||||||||||||||||||||||
13 | Extraordinary items (net of tax exoensel | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||
14 | Net Profit(+)/ Loss (-) for the period (12-13) | 21828 | 17385 | -40127 | 39213 | -51816 | -273290 | ||||||||||||||||||||||||||
15 | Paid-up Equity Share Capital (Face Value Rs.10/-l | 405267 | 405267 | 70105 | 405267 | 70105 | 405267 | ||||||||||||||||||||||||||
Reserves excluding Revaluation Reserve | |||||||||||||||||||||||||||||||||
16 | 339191 | ||||||||||||||||||||||||||||||||
(as per Balance Sheet of previous accountinq year) | |||||||||||||||||||||||||||||||||
17 | Analytical Ratios | ||||||||||||||||||||||||||||||||
(i) Percentaqe of shares held by Government of India | 97 07 | 97.07 | 83.06 | 97.07 | 83 06 | 97 07 | |||||||||||||||||||||||||||
(ii) Capital Adequacy Ratio (Basel Ill) | 17.92 | 17.62 | 11.11 | 17.92 | 11.11 | 17 06 | |||||||||||||||||||||||||||
a). CET 1 Ratio | 12.25 | 12.38 | 5.98 | 12.25 | 5.98 | 12.05 | |||||||||||||||||||||||||||
b). Additional Tier 1 Ratio | 2.07 | 1.96 | 2 05 | 2.07 | 2.05 | 1.93 |
(iii) Earninqs per share (of Rs.10/- each) (Not Annualised) (Rs.)
- Basic and diluted EPS before Extraordinary items (net of tax expense) for the period, for the year to date and for the
previous year (not annualized) | 0.54 | 0.43 | -5.72 | 0.97 | -7.39 | -35.71 | |||||||||||||||
(b) Basic and diluted EPS after Extraordinary items for the | |||||||||||||||||||||
period, for the year to date and for the previous year (not | 0.54 | 0.43 | -5.72 | 0.97 | -7.39 | -35.71 | |||||||||||||||
annualized) | |||||||||||||||||||||
982280 | 905496 | 867316 | 982280 | 867316 | |||||||||||||||||
(iv) (a) Amount of Gross Non Performinq Assets | 933400 | ||||||||||||||||||||
(bl Amount of Net Non Performinq Assets | 228777 | 220670 | 330652 | 228777 | 330652 | 246195 | |||||||||||||||
(cl % of Gross NPAs | 14.54 | 13.33 | 14.06 | 14.54 | 14.06 | 13.76 | |||||||||||||||
(d) % of Net NPAs | 3.81 | 3.61 | 5.87 | 3.81 | 5.87 | 4.04 | |||||||||||||||
(v) Return on Assets (Annualised) | 0.72 | 0.59 | -1.58 | 0.65 | -1.01 | -2.55 | |||||||||||||||
(vi) Outstanding redeemable Preference shares (quantity and | Nil | Nil | Nil | Nil | Nil | Nil | |||||||||||||||
value) | |||||||||||||||||||||
ii)I Caeilal redemptioa ceseNe /debeotorn rndemplioo rnseNe | |||||||||||||||||||||
NA | N.A. | N.A. | N.A. | NA | N.A. | ||||||||||||||||
Ne��orth | 534093 | 546180 | 213235 | 534093 | 213235 | 512625 | |||||||||||||||
:) Paid up Debt Capital/Outstandinq Debt* | 227685 | 228919 | 257905 | 227685 | 257905 | 228919 | |||||||||||||||
� Debt Equity Ratio* (Borrowinqs/Net worth) | 0.43 | 0.42 | 1.21 | 0.43 | 1.21 | 0.45 | |||||||||||||||
�- ___ |
Reviewed Un-audited Financial Results for the Quarter/ Half Year ended 30th September, 2021
-·-
S!.
No.
18
19
QUARTER ENDED | |||||||||||||||||||||||||||
HALF YEAR ENDED | YEAR | ||||||||||||||||||||||||||
Particulars | 30.09.2021 | 30.06.2021 | 30.09.2020 | 30.09.2021 | 30.09.2020 | ENDED | |||||||||||||||||||||
Reviewed | Reviewed | Reviewed | Reviewed | Reviewed | 31.03.2021 | ||||||||||||||||||||||
(xi) Total Debts to Total Assets (Borrowings/Total Assets) | Audited | ||||||||||||||||||||||||||
0.02 | 0.02 | 0.03 | 0.02 | 0.03 | 0.02 | ||||||||||||||||||||||
(xii) Operating Margin% (Operatinq Profit/Total Income) | 12.79 | ||||||||||||||||||||||||||
14.47 | 10.48 | 13.62 | 10.85 | 8.35 | |||||||||||||||||||||||
(xiii) Net Profit Margin% (Net Profit after tax/Total Income) | 11.22 | 9.13 | -20.32 | 10.19 | -13.21 | -35.25 | |||||||||||||||||||||
Public Shareholding: | |||||||||||||||||||||||||||
No. of Shares | 118735354 | 118735354 | |||||||||||||||||||||||||
118735354 | 118735354 | 118735354 | 118735354 | ||||||||||||||||||||||||
Percentage of Shareholdinq | 2.93 | 2.93 | 16.94 | 2.93 | 16.94 | 2.93 | |||||||||||||||||||||
Promoters and promoter qrouo Share holdino | |||||||||||||||||||||||||||
(a) Pledqed/ Encumbered | |||||||||||||||||||||||||||
Number of shares | Nil | Nil | Nil | Nil | Nil | Nil | |||||||||||||||||||||
Percentage of Shares (as a% of the total shareholding of | |||||||||||||||||||||||||||
promoter and promoter oroup) | Nil | Nil | Nil | Nil | Nil | Nil | |||||||||||||||||||||
Percentage of Shares (as a% of the total share capital | of the | ||||||||||||||||||||||||||
Bank) | Nil | Nil | Nil | Nil | Nil | Nil | |||||||||||||||||||||
(bl Non-encumbered | |||||||||||||||||||||||||||
Number of shares | 3933932610 | ||||||||||||||||||||||||||
3933932610 | 582317742 | 3933932610 | 582317742 | 3933932610 | |||||||||||||||||||||||
Percentage of Shares (as a% of the total shareholding of | |||||||||||||||||||||||||||
promoter and promoter group) | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | |||||||||||||||||||||
Percentage of Shares (as a% of the total share capital of the | |||||||||||||||||||||||||||
Bank) | 97.07 | 97.07 | 83.06 | 97.07 | 83.06 | 97.07 |
*Total debts represent total borrowings of the Bank. Borrowings represents debts due for more than one year.
Segment Reporting:
A: BUSINESS SEGMENT:
For the purpose ofsegment reporting in terms of AS-17 of !CAI and as prescribed in RBI guidelines, the business of the Bank has been classified into four segments i.e. a) Treasury Operations b) Corporate/wholesale Banking, c) Retail Banking and d) Other Banking Operations. Segmental Revenue, Results, Assets & Liabilities in respect of Corporate/ Wholesale and Retail Banking segment have been bifurcated on the basis ofexposure to these segments. Assets and Liabilities, wherever directly related to segments have been accordingly allocated to segments and wherever not directly related have been allocated on the basis ofpro-rata segment revenue.
(Rupees in Lacs)
Particulars | Quarter ended | Half Year ended | Year ended | ||||||||||||
30.09.2021 | 30.06.2021 | 30.09.2020 | 30.09.2021 | 30.09.2020 | 31.03.2021 | ||||||||||
(Reviewed) | (Reviewed) | (Reviewed) | (Reviewed) | (Reviewed) | (Audited) | ||||||||||
I. Segment Revenue | |||||||||||||||
a) Treasury | 63393 | 60800 | 58175 | 124193 | 114401 | 228958 | |||||||||
b) Corporate/ Wholesale Banking | 75461 | 78512 | 73913 | 153973 | 159735 | 320870 | |||||||||
c) Retail Banking | 55228 | 50874 | 65077 | 106102 | 117588 | 224121 | |||||||||
d) Other Banking Operations | 429 | 235 | 313 | 664 | 466 | 1302 | |||||||||
Total | 194511 | 190421 | 197478 | 384932 | 392190 | 775251 | |||||||||
2. Segment Result | |||||||||||||||
a) Treasury | 10190 | 28828 | 23116 | 39018 | 42975 | 96308 | |||||||||
b) Corporate/ Wholesale Banking | 17328 | 6094 | 11359 | 23422 | 21005 | 21095 | |||||||||
c) Retail Banking | 12191 | 3949 | 16140 | 15462 | 14735 | ||||||||||
d) Other 13anking Operations | 429 | 235 | 313 | 664 | 466 | 1302 | |||||||||
-· | Total | 40138 | 39106 | 44347 | 79244 | 79908 | 133440 | ||||||||
_l:_!:!._nallocated Expenses | 15258 | 11557 | 23645 | 26815 | 37342 | 68739 | |||||||||
4. Operating Profit | 24880 | 27549 | 20702 | 52429 | 42566 | 64701 |
' | Reviewed Un-audited Financial Results for the Quarter/ Half Year ended 30th September 2021 | |||||
Quarter ended | Half Year ended | Year ended | ||||
Particulars | ||||||
30.09.2021 | 30.06.2021 | 30.09.2020 | 30.09.2021 | 30.09.2020 | ||
31.03.2021 | ||||||
(Reviewed) | (Reviewed) | (Reviewed) | (Reviewed) | (Reviewed) | (Audited) |
5. Provisions & Contingencies | 15078 | -5810 | 83941 | 9268 | 121470 | 405124 | ||||||||||||||||
6. Income Tax | -12026 | 15974 | -23112 | 3948 | -27088 | -67133 | ||||||||||||||||
7. Extra Ordinary Items | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||
8. Net Profit | 21828 | 17385 | -40127 | 39213 | -51816 | -273290 | ||||||||||||||||
Other Information: | ||||||||||||||||||||||
9. Segment Assets | ||||||||||||||||||||||
a) Treasury | 3768241 | 3639823 | 2463934 | |||||||||||||||||||
3768241 | 2463934 | 3251517 | ||||||||||||||||||||
b) Corporate/ Wholesale Banking | 4443219 | 4444702 | 3866303 | 4443219 | 3866303 | 4430960 | ||||||||||||||||
c) Retail Banking | 3061776 | 2880068 | 2846161 | 3061776 | 2846161 | 3094929 | ||||||||||||||||
d) Other Banking Operations | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||
c) Unallocated Assets | 340219 | 302028 | 264075 | 340219 | 264075 | 270783 | ||||||||||||||||
Total Assets | 11613455 | 11266621 | 9440473 | 11613455 | 9440473 | 11048189 | ||||||||||||||||
I 0. Segment Liabilities | ||||||||||||||||||||||
a) Treasury | 3586665 | 3453702 | 2396614 | 3586665 | 2396614 | 3077443 | ||||||||||||||||
b) Corporate/ Wholesale Banking | 4229118 | 4217424 | 3760667 | 4229118 | 3760667 | 4193743 | ||||||||||||||||
c) Retail Banking | 2914241 | 2732797 | 2768398 | 2914241 | 2768398 | 2929238 | ||||||||||||||||
d) Other Banking Operations | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||
e) Unallocated Liabilities | 7917 | 9011 | 6971 | 7917 | 6971 | 11464 | ||||||||||||||||
Total Liabilities | 10737941 | 10412934 | 8932650 | 10737941 | 8932650 | 10211888 | ||||||||||||||||
B: GEOGRAPHIC SEGMENT:
Since the Bank does not have any overseas branch, reporting under Geographic Segment is not applicable.
STATEMENTOF ASSETS AND LIABILITIES ASON 30TH SEPTEMBER, 2021
(Rs. in Lacs) | |||||||||||||||||
ASON | ASON | ASON | ASON | ||||||||||||||
30.09.2021 | 31.03.2021 | 30.09.2021 | 31.03.2021 | ||||||||||||||
CAPITAL & LIABILITIES | ASSETS | ||||||||||||||||
Capital | 405267 | ||||||||||||||||
405267 | Cash & balance with | ||||||||||||||||
Reserves & Surplus | 470247 | 431035 | Reserve Bank of India | 917716 | 720852 | ||||||||||||
Deposits | 10191031 | 9610818 | Balance with banks & money | 56740 | 113093 | ||||||||||||
Borrowings | 262996 | 264355 | at call and short notice | ||||||||||||||
Other Liabilities | 283914 | 336714 | Investments | 3710799 | 3202278 | ||||||||||||
Advances | 6009610 | 6094170 | |||||||||||||||
Fixed Assets | 158157 | 158491 | |||||||||||||||
Other Assets | 760433 | 759305 | |||||||||||||||
Total | 11613455 | 11048189 | Total | 11613455 | 11048189 |
Reviewed Un-audited Financial Results for the Quarter/ Half Year ended 30th September, 2021 | ||||||||||||||||||||||
CASH FLOW STATEMENT FOR THE HALF YEAR ENDED 30TH SEPTEMBER, 2021 | Rs. in Lacs | |||||||||||||||||||||
Half Year ended | Year ended | Half Year ended | ||||||||||||||||||||
30.09.2021 | 31.03.2021 | 30.09.2020 | ||||||||||||||||||||
A. Cash Flow from Operating Activities | (Reviewed) | (Audited) | (Reviewed) | |||||||||||||||||||
Net Profit as per Profit & Loss Account | 39213 | |||||||||||||||||||||
-273290 | -5I816 | |||||||||||||||||||||
Adjustments for: | ||||||||||||||||||||||
Provisions & Contingencies | ||||||||||||||||||||||
28811 | 350494 | 97455 | ||||||||||||||||||||
Depreciation on Fixed Assets | 6312 | 10213 | 2943 | |||||||||||||||||||
Depreciation on Investments | 3570 | -81 | 96 | |||||||||||||||||||
Profit on sale of Assets | l | I | ||||||||||||||||||||
Interest on Bonds, PCPS and IPDI | ||||||||||||||||||||||
12235 | 24441 | 12273 | ||||||||||||||||||||
Operatin2 Profit before workin2 capital chan2es | 90142 | 111778 | 60948 | |||||||||||||||||||
Adjustments for: | ||||||||||||||||||||||
Increase/ (Decrease) in Deposits | 580213 | 644063 | ||||||||||||||||||||
-5I0831 | ||||||||||||||||||||||
Increase/ (Decrease) in Borrowings | -1359 | -36950 | -27480 | |||||||||||||||||||
Increase/ (Decrease) in Other Liabilities | -15077 | 5398 | -3582 | |||||||||||||||||||
(Increase)/ Decrease in Investments | -510320 | -757204 | 32021 | |||||||||||||||||||
(Increase)/ Decrease in Advances | 20202 | -531754 | 86964 | |||||||||||||||||||
(Increase)/ Decrease in Other Assets | -22545 | 2259 | 20859 | |||||||||||||||||||
Direct Taxes Paid (Net of refund) | 17469 | -22358 | -9950 | |||||||||||||||||||
Cash Flow from Operating Activities (A) | 158725 | -584768 | -351051 | |||||||||||||||||||
B. Cash Flow from Investing Activities | ||||||||||||||||||||||
Increase in Fixed Assets | -5978 | -44622 | -1487 | |||||||||||||||||||
Profit on sale of Assets | -1 | -1 | 3 | |||||||||||||||||||
Cash Flow from Investing Activities (B) | -5979 | -44623 | -1484 | |||||||||||||||||||
C. Cash Flow from Financing Activities | ||||||||||||||||||||||
Issue of Equity Shares (Face Value) for cash | 0 | 335161 | 0 | |||||||||||||||||||
Share Premium received thereon | 0 | 214839 | 0 | |||||||||||||||||||
PublicIssue Expenses | 0 | -48 | 0 | |||||||||||||||||||
Issue of Subordinated Bonds | 0 | 0 | 0 | |||||||||||||||||||
Redemption of Subordinated Bonds | 0 | -20000 | -20000 | |||||||||||||||||||
Interest on Bonds, PCPS and IPDI | -12235 | -24442 | -12273 | |||||||||||||||||||
Share Application Money Pending Allotment | 0 | 0 | 0 | |||||||||||||||||||
Cash Flow from Financin2 Activities (C) | -12235 | 505510 | -32273 | |||||||||||||||||||
Cash from Operating Activities | 158725 | -584768 | -351051 | |||||||||||||||||||
Cash from Investing Activities | -5979 | -44623 | -1484 | |||||||||||||||||||
Cash from Financing Activities | -12235 | 505510 | -32273 | |||||||||||||||||||
Increase in Cash & Cash Equivalents | 140511 | -123881 | -384808 | |||||||||||||||||||
Cash and Bank Balances (Opening) | 833945 | 957826 | 957825 | |||||||||||||||||||
Cash and Bank Balances (Closing) | 974456 | 833945 | 573017 | |||||||||||||||||||
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Punjab & Sind Bank published this content on 01 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 November 2021 08:46:06 UTC.