#1FINANCIAL RESULTS Q3 & 9M FY22 December 2021 75- Azadi Ka Amrit Mahotsav Follow our Official Page pnbindia f in 4 pnb ...the name you can BANK upon!!!#2TAN fogether we can pnb Content 1 2 Key Highlights Business Performance Slide No 3-4 5-15 3 Financial Performance 16-24 4 Asset Quality 25-34 5 Share Holding & Capital Raised 35-37 6 Digitalization 38-42 7 Network, FI, Group Business and RRBs 43-46 8 ESG Initiatives & Awards 47-48 Page 2#3TAN fogether we can CRAR 14.91% Key Financial Highlights Q3 December'21 % NIM (Q3) 2.93% Net Profit 1127 Cr 122.7 % YoY Gr Retail Advance % 7.7% YoY Gr Gross NPA 12.88% Domestic CASA Share 45.65% Agriculture PS 6.2% YoY Gr Net NPA ₹ 4.90% 館 MSME 4.1% YoY Gr PCR 81.85% Saving Deposits 8.8% YoY Gr CASA Deposits 7.6% YoY Gr 3 Page | იის#4fogether we can Key Financial Highlights for Quarter ended December 2021 Profitability Parameters Improved Sequentially (QoQ) Cloის TAN J י Operating Profit 26.2% QoQ Gr % Net Interest Income 22.8% QoQ Gr Total Income 3.6% QoQ Gr Net Interest Margin Fee Based Income 10.3% QoQ Gr Operating Expenses Declined by 3.3% QoQ Gr % Return on Equity (Annualized) Cost to Income Ratio Improved by 54 bps Improved by 660 bps Improved by 7 bps Asset Quality Improved Sequentially (QoQ) GNPA Ratio Improved by 75 bps NNPA Ratio Improved by 59 bps PCR (Excluding Two) Improved by 200 bps Digital Transactions Increased Digital Transactions improved to 70% in month of Dec'21 from 66% in month of Sep'21 Page 4#5fogether TAN we can SI. Parameters Dec'20 Business Performance (As on 31st December 2021). Lpnb Amt in Crore Growth % YOY Sep'21 Dec'21 QoQ 1 Global Gross Business 1809587 1851097 1882623 1.70% 4.04% Overseas Gross Business 51765 Domestic Gross Business 1757823 37181 1813916 39882 7.26% -22.96% 1842741 1.59% 4.83% 2 Global Deposits Overseas Deposits Domestic Deposits 1082156 1115373 1127317 1.07% 4.17% 29312 1052844 17256 1098117 18948 9.81% -35.36% 1108369 0.93% 5.27% Current Deposits 70864 71958 71564 -0.55% 0.99% Savings Deposits 399418 426799 434394 1.78% 8.76% CASA Deposits 470282 498757 505958 1.44% 7.59% Total Term Deposits 611873 616616 621359 0.77% 1.55% - Retail Term Deposits (<2 Cr.) 494209 520026 520081 0.01% 5.24% Retail Term Deposits + CASA Deposits 964491 1018783 1026039 0.71% 6.38% 3 Global Gross Advances 727432 735724 755306 2.66% 3.83% Overseas Gross Advances 22453 19925 20934 5.06% -6.77% Domestic Gross Advances 704979 715799 734372 2.59% 4.17% 2 Business Performance Page 5#6TAN fogether we can Current Deposits CASA Performance YoY Gr.: 1.0% Amt in Crore pnb Domestic CASA Share % 44.66% 45.42% 45.65% 37.94% 38.87% 39.20% 70864 71958 71564 Dec'20 Sep'21 Dec'21 6.72% Dec'20 6.55% Sep'21 6.46% Dec'21 Current Deposits % Savings Deposits % Saving Deposits YoY Gr.:8.8% Global (Retail TD < Rs.2 Cr + CASA) Share % 426799 434394 399418 91.34% 91.02% 89.13% Dec'20 Sep'21 Dec'21 Dec'20 Sep'21 Dec'21 2 Business Performance Page 6#7fogether TAN we e can Composition of Advances Retail Agriculture (PS) Particulars Dec'20 Sep'21 Dec'21 YoY % YoY Gr.: 7.7% YoY Gr.: 6.2% Retail 115353 120875 124201 7.7% Agriculture (PS) 96446 100466 102412 6.2% 115353 MSME 12420 96446 102412 118373 |თის Amt in Crore MSME YoY Gr.: 4.1% 123225 118373 120476 123225 4.1% Dec'20 Dec'21 Dec'20 Dec'21 Dec'20 Dec'21 Figures are excluding pool Advances As on 31.12.2021 Total Retail Total Agriculture Total MSME RAM Y-o-Y g% 134885 136449 126969 398303 9.1% 2 RAM Share to Domestic Advances (%) 51.8% 54.3% Dec'20 Dec'21 Business Performance Page 7#8fogether TAN we e can Composition of Retail Advances Housing Loan Particulars Dec'20 Sep 21 Dec'21 YoY % YoY Gr.: 6.2% 70119 Home Loan 70119 73738 74483 6.2% Vehicle Loan 9372 10378 11542 23.2% Clenb Amt in Crore Vehicle Loan YoY Gr.: 23.2% 74483 9372 11542 Dec'20 Dec'21 Dec'20 Dec'21 Personal Loan 10446 10483 11257 7.8% Gold Loan Personal Loan YoY Gr.: 7.8% YoY Gr.: 15.3% Gold Loan 789 870 910 15.3% 10446 Other Retail 24627 25406 26009 5.6% Figures are excluding pool Advances 11257 789 910 Dec'20 Dec'21 Dec'20 Dec'21 2 Business Performance Page 8#9fogether TAN we e can SI. Parameters Priority Sector Achievement |თის Amt in Crore Mandated Targets Dec'20 Sept❜21 Dec'21 ANBC 669799 647811 650773 1 Priority Sector 284122 282671 284708 % to ANBC 40% 42.42% 43.63% 43.75% 2 Agriculture - PS 124549 123415 122749 % to ANBC 18% 18.59% 19.05% 18.86% 3 Small and Marginal Farmers 53623 67174 66798 % to ANBC 9% 8.01% 10.37% 10.26% 4 Weaker Section 73933 91152 91014 % to ANBC 11% 11.04% 14.07% 13.99% 5 Micro Enterprises (PS) 52509 53841 54233 % to ANBC 7.5% 7.84% 8.31% 8.33% 2 Business Performance Page 9#10TAN fogether we can Segment Mix 14.2% 20.9% 21.5% MSME Portfolio Mix muda სიის Amt in Crore Performance under PMMY Mudra Loans Amount Sanctioned Amount Disbursed 9M'21 9M'22 8705 9887 8148 8846 43.0% 35.6% 35.5% PM SVANidhi 42.8% 43.5% 42.9% Upto 31.12.2021 No of Loans Sanctioned - 219246 Total Amount Sanctioned - Rs.203 Cr Performance under GECL Facility Dec'21 MEME सूक्ष्म, लघु एवं मध्यम उद्यम MICRO, SMALL & MEDIUM ENTERPRISES GECL Amount Sanctioned Amount Disbursed Dec'20 Sep'21 ■Micro Small Medium 2 Business Performance Dec'21 19114 16337 Page 10#11fogether TAN e can we External Rating (Standard FB) Portfolio & Advances on Benchmark Rates 4 pmb Portfolio > Rs. 100 Crore Amt in Crore Advances Mix of Benchmark rate Sep'21 Dec'21 SI Rating Grade Amt. % Share Amt. % Share 13.6% 16.5% 16.6% 1 AAA 90415 43.16% 97903 43.84% 14.3% 16.2% 2 AA 49107 23.44% 52984 23.73% 18.5% 3 A 33498 15.99% 40606 18.18% 4 BBB 13441 6.42% 13782 6.17% 50.4% Total BBB & Above 186462 89.01% 205275 91.92% 45.9% 44.7% 5 BB 5083 2.43% 6592 2.95% 6 B 4479 2.14% 3707 1.66% 0.2% 0.2% 0.2% 7 C 0 0.00% 206 0.09% 10.7% 10.6% 10.0% 8 D 3019 1.44% 2581 1.16% 10.9% 10.5% 10.0% Total BB & Below 12581 6.01% 13087 5.86% Mar'21 Sep'21 Dec'21 9 Unrated 10430 Total 209473 4.98% 100.00% 4955 2.22% Base Rate Fixed BPLR 223318 100.00% MCLR RLLR FC & Others 2 Business Performance Page 11#12fogether TAN we e can Diversified Industry Portfolio & Key Sectors 4 pnb Amt in Crore SI. Diversified Industry Portfolio Sep'21 % of Total O/s Industry % to Domestic Advances Dec'21 % of Total % to Domestic O/s Industry Advances 1 Infrastructure 106148 48.0% 14.8% 105156 46.7% 14.3% -Energy 40848 18.5% 5.7% 40446 17.9% 5.5% -Tele-Communication 15661 7.1% 2.2% 14961 6.6% 2.0% -Roads & Ports 36534 16.5% 5.1% 37434 16.6% 5.1% -Other Infra 13105 5.9% 1.8% 12315 5.5% 1.7% 2 Basic Metal & Metal Products 21729 9.8% 3.0% 20947 9.3% 2.9% -Iron & Steel 18473 8.4% 2.6% 16944 7.5% 2.3% 3 Textiles 12293 5.6% 1.7% 13046 5.8% 1.8% 4 Food Processing 18644 8.4% 2.6% 20591 9.1% 2.8% 56 Chemical & Chemical Products 8970 4.1% 1.3% 10723 4.8% 1.5% 6 Other Industries 53391 24.1% 7.5% 54925 24.4% 7.5% Total 221175 100.0% 30.9% 225388 100.0% 30.7% 23 SI. 1 Capital Market 2 Commercial Real Estate 3 NBFC 4 Aviation Key Sectors Sep'21 O/S Dec'21 O/S 605 918 20304 21721 89663 92967 6462 1883 50 Tourism, Hotel & Restaurant 1791 1908 2 Business Performance Page 12#13TAN fogether we can NBFC Sector O/s (Funded) as on 31.12.2021 : 92967 Cr NBFC & Energy Sector External Rating wise Portfolio 844 1% Energy Sector External Rating Std. Portfolio 31.12.2021 : * 36734 Cr External Rating wise Portfolio 721 3874 1% 4971 4% 5% 24536 26% 58022 63% 13450 37% 2 4472 12% 5109 14% ■ AAA AA ■ A BBB ■BB & below ■ Unrated Business Performance 4634 13% 3090 8% 5979 16% |თის Amt in Crore Page 13#14fogether TAN we e can Investment Portfolio |თის Amt in Crore YoY Variation SI. Parameters Dec'20 Sep'21 Dec'21 Amt. % 1 Gross Domestic Investment 394874 365905 381957 -12917 -3.3% a SLR 285483 259623 277385 -8098 -2.8% b Non SLR 109391 106282 104572 -4819 -4.4% SLR as % to Dom. Investment 72.3 70.9 72.6 | ☐ Held To Maturity (HTM) 273912 293256 300950 27038 9.9% II Available For Sale (AFS) 120675 72640 80850 -39825 -33.0% III Held For trading (HFT) 287 8 157 -130 -45.3% 2 Modified Duration (AFS+HFT) 3 2.80 2.38 2.71 Net demand & time Liabilities 1058233 1086202 1095284 37051 3.5% 4 Investment by Overseas Branches 6167 4163 4513 -1654 -26.8% 5 Total Gross Investment (1+4) 401041 370068 386470 -14571 -3.6% HTM To Gross Domestic Investment (%) 69.4% 80.1% 78.8% 2 Business Performance Page 14#15fogether TAN we e can Non SLR Investment |აის Amt in Crore Dec'20 Sep'21 Dec'21 Y-o-Y Variation SI. Parameters o/s % Share O/S % Share O/S % Share Amt Gr. % 1 PSU Bonds 21271 19.4% 20418 19.2% 19935 19.1% -1336 -6.3% Corporate and Other Bonds & 2 12590 11.5% 12775 12.0% 12235 11.7% -355 -2.8% Debentures 3 Special Govt. Sec excl. Recap Bonds 1394 1.3% 1253 1.2% 1253 1.2% -141 -10.1% 4 CG Recap. Bond 55274 50.5% 55274 52.0% 55274 52.9% 0 0.0% 5 Share of PSU/Corporate/Others 7972 7.3% 8222 7.7% 7158 6.9% -814 -10.2% 6 Venture Capital Fund 356 0.3% 361 0.3% 360 0.3% 4 1.1% 7 Regional Rural Bank 728 0.7% 814 0.8% 814 0.8% 86 11.8% 8 Security Receipts 2091 1.9% 1993 1.9% 1703 1.6% -388 -18.6% 9 Subsidiaries JV 3205 2.9% 3220 3.0% 3220 3.1% 15 0.5% 10 Other Total Non SLR Investment 4511 4.1% 1952 1.8% 2620 2.5% -1891 -41.9% 109391 100% 106282 100% 104572 100% -4819 -4.4% 2 Business Performance Page 15#16fogether TAN we can Income |თის Amt in Crore Q3 Q2 Q3 QoQ Variation YoY Variation SI. Parameters 9M21 9M22 YoY Gr. % FY21 FY22 FY22 Amt. % Amt. % 1 Interest Income (2+3+4) 20357 17980 19325 1345 7.5% -1032 -5.1% 62010 56234 -9.3% 2 Interest on Advances 13553 11389 12734 1345 11.8% -819 -6.0% 41483 36445 -12.1% 3 Interest on Investments 6208 5796 5815 4 Other Interest Income 597 795 776 -19 19 0.3% -2.4% -393 -6.3% 18628 17582 -5.6% 179 30.0% 1899 2207 16.2% 5 Other Income (6+7+8+9+10) 2684 3282 2701 -581 -17.7% 17 0.6% 9345 9870 5.6% of which 6 Fee Based Income 1320 1288 1420 132 10.2% 100 7.6% 4215 4343 3.0% Recovery in Written off 7 336 1076 653 -423 -39.3% 317 94.3% 1348 2561 90.0% Accounts 8 Trading Profit 1243 1049 614 -435 -41.5% -629 -50.6% 3375 2780 -17.6% Profit/(Loss) on Revaluation. 9 -257 -169 11 180 268 325 143 -56.0% of Investment 10 Others 11 Total Income (1+5) 42 23042 38 3 -35 -92.1% -39 -92.9% 83 43 -48.2% 21262 22026 764 3.6% -1016 -4.4% 71355 66104 -7.4% * In terms of RBI guidelines, profit/loss on revaluation on investment have been regrouped under other income head. 3 Financial Performance Page 16#17fogether TAN we e can Fee Based Income lიის Amt in Crore QoQ Variation YoY Variation Q3 Q2 Q3 SI. Parameters 9M21 9M22 YoY Gr. % FY21 FY22 FY22 Amt. % Amt. % Fee Based Income 1320 1288 1420 132 10.2% 100 7.6% 4215 4343 3.0% 1 Processing Fees 144 77 130 53 68.8% -14 -9.7% 666 779 17.0% 2 LC/BG Income* 289 136 136 0 0.0% -153 -52.9% 788 376 -52.3% Income from Insurance & 3 113 95 110 15 15.8% -3 -2.7% 249 269 8.0% MF 4 Govt. Business 40 51 50 -1 -2.0% 10 25.0% 120 136 13.3% 5 Exchange Profit 121 126 196 70 55.6% 75 62.0% 332 453 36.4% 6 Miscellaneous Fee Income 612 804 798 -6 -0.7% 186 30.4% 2059 2330 13.2% * Change in accounting policy on revenue recognition in respect of commission on LC and BG on accrual basis instead of realization basis. 3 Financial Performance Page 17#18TAN fogether we can Expenses pnb Amt in Crore QoQ Variation YoY Variation Q3 Q2 Q3 SI. Parameters 9M21 9M22 YoY Gr. % FY21 FY22 FY22 Amt. % Amt. % 1 Total Interest Paid (2+3+4) 12012 11628 11522 -106 -0.9% -490 -4.1% 38421 34844 -9.3% 2 Interest Paid on Deposits 11251 10913 10804 -109 -1.0% -477 -4.0% 36048 32693 -9.3% 3 Interest Paid on Borrowings 170 143 114 -29 -20.3% -56 -32.9% 719 384 -46.6% 4 Others 591 571 605 34 6.0% 14 2.4% 1654 1766 6.8% 5 Operating Expenses (6+7) 4896 5614 5428 -186 -3.3% 532 10.9% 15263 15763 3.3% 6 Establishment Expenses Of Which 2928 3417 3311 -106 -3.1% 383 13.1% 9476 9683 2.2% Employee Benefits (AS-15) 251 545 499 -46 -8.4% 248 98.8% 1257 1548 23.2% 7 Other Operating Expenses 1968 2197 2117 -80 -3.6% 149 7.6% 5787 6080 5.1% 8 Total Expenses (1+5) 16908 17241 16950 -291 -1.7% 42 0.2% 53684 50607 -5.7% 3 Financial Performance Page 18#19fogether TAN e can we Profit & Provisions ბის Amt in Crore Q3 Q2 SI. Parameters FY21 FY22 Q3 FY22 QoQ Variation YoY Variation YoY Gr. 9M21 9M22 % 1 Net Interest Income 8346 6353 Amt. % 7803 1450 22.8% Amt. % 2 Other Income 2684 3282 2701 3 Operating Income (1+2) 11030 9635 10504 4 Operating Expenses 4896 5614 5428 LO 5 Operating Profit 6134 4021 5076 6 Provisions other than Tax 5176 3261 3354 1055 93 -581 -17.7% 869 9.0% -526 -186 -3.3% 532 26.2% -1058 -17.2% 2.8% -1822 -35.2% -543 -6.5% 23589 17 0.6% 21390 -9.3% 9345 9870 5.6% -4.8% 32934 31260 -5.1% 10.9% 15263 15763 3.3% 17671 15497 -12.3% 15139 11594 -23.4% Of which a NPAs 3118 2693 3654 961 35.7% 536 17.2% 11766 9595 -18.5% Standard Advances incl. b 2148 547 -120 -667 -2268 2909 1620 -44.3% Standard Restructured с Depreciation on Investment 39 -292 11 303 d Others -129 313 -192 -505 - 105.6% -28 -70.8% -63 48.6% 446 249 -44.2% 19 130 585.5% 7 Profit Before Tax 958 760 1723 963 126.7% 765 79.8% 2531 3903 54.2% 8 Provision for Income Tax 452 -345 596 941 - 144 31.9% 1096 648 -40.9% 9 Net Profit 506 1105 1127 22 2.0% 621 122.7% 1435 3255 126.9% 3 Financial Performance Page 19#20TAN fogether we can Profitability Ratios Annualized % |თის SI. Profitability Ratios Q3 FY21 Q2 Q3 9M21 FY 21 9M22 FY22 FY22 1 Return on Assets [%] 0.15% 0.33% 0.34% 0.14% 0.15% 0.32% 2 Return on Equity [%] 3.75% 7.27% 7.34% 3.64% 3.88% 7.43% 3 Earnings per share [*] (Not annualized) 0.53 1.00 1.02 1.52 2.08 2.98 4a Book Value per Share [*] 79.77 79.72 80.96 79.77 79.19 80.96 4b Book Value per Share-Tangible [*] 53.38 55.54 55.09 53.38 53.07 55.09 5 Cost to Income Ratio [%] 44.39% 58.27% 51.67% 46.35% 46.91% 50.43% 5a Staff Cost to Income Ratio [%] 26.54% 35.46% 31.52% 28.77% 28.13% 30.98% 5b Other Cost to Income Ratio [%] 17.85% 22.80% 20.15% 17.57% 18.79% 19.45% 6 Operating Profit to AWF [%] 1.85% 1.20% 1.51% 1.77% 1.73% 1.54% 7 Operating Expenses To AWF [%] 1.47% 1.67% 1.61% 1.53% 1.53% 1.56% 3 Financial Performance Page 20#213 7.72% 7.92% 6.48% Dec'20 (Q3) (Q2) ■Global Domestic Yield on Advances [%] 6.62% 7.11% 7.29% TAN fogether we can 4.23% 4.33% Cost of Deposits [%] 4.02% 4.07% 3.94% Sep'21 Dec'21 6.13% 6.29% Yield on Funds [%] 5.36% 4.00% 3.61% 3.71% 3.47% Efficiency Ratios (Quarter) Cost of Funds [%] 3.54% 3.42% 3.51% Dec'20 Sep'21 Dec'21 Dec'20 Sep'21 (Q3) (Q3) (Q2) (Q3) (Q3) (Q2) Global Domestic Global Domestic 5.47% Dec'20 Dec'20 Sep'21 Sep'21 Dec'21 (Q3) (Q2) Dec'21 (Q3) Dec'20 Sep'21 Dec'21 (Q3) (Q2) (Q3) (Q3) (Q2) (Q3) Global Domestic ■Global Domestic Global Domestic Financial Performance 5.73% Page 21 5.87% 6.32% 6.38% 6.20% Yield on Investment [%] 6.02% 6.24% 6.28% 3.10% Dec'21 (Q3) 3.22% 2.39% 2.45% (Annualized) pnb NIM [%] 2.93% 3.01%#227.80% 7.98% fogether we can 4.53% 4.63% TAN 4.44% Cost of Deposits [%] 4.54% IIII Dec'20 (9M) Mar'21 (FY) Global Dec'21 Domestic Yield on Advances [%] 7.53% Dec'20 Mar'21 (9M) (FY) Dec'21 (9M) Dec'20 (9M) ■Global Domestic 3 7.71% 6.81% 6.97% Mar'21 (FY) Global Domestic Financial Performance 6.22% 6.39% 4.00% 4.06% 3.86% 3.96% 3.79% Efficiency Ratios (9M) Cost of Funds [%] 3.90% Dec'20 Mar'21 (9M) (9M) (FY) Dec'21 (9M) Dec'20 (9M) Global Domestic 6.09% Yield on Funds [%] 6.27% 5.57% 5.70% 6.48% Dec'21 Dec'20 Mar'21 Dec'21 (9M) (9M) (FY) (9M) Global Domestic Page 22 6.53% 6.48% 3.45% 3.54% Mar'21 (FY) Global Domestic Yield on Investment [%] 6.53% 6.24% 6.30% 2.93% 3.03% Dec'21 (9M) 2.88% 2.99% (Annualized) pnb იის NIM [%] 2.68% 2.75%#23TAN fogether we can 1822 Dec'20 Business per Employee 1841 Sep'21 Net Profit per Employee Cumulative Annualized 2.0 4.3 Productivity Ratios Business per Branch 1883 16195 Dec'21 Dec'20 4.4 Dec'20 Sep'21 Dec'21 3 17.4 17320 Sep'21 Net Profit per Branch Cumulative Annualized 40.3 18024 pnb in Lakhs Dec'21 42.1 Dec'20 Sep'21 Dec'21 Financial Performance Page 23#24TAN fogether we can SI. Parameters CAPITAL & LIABILITIES Balance Sheet pnb Amt in Crore 31st Dec❜20 30th Sep'21 31st Dec'21 1 Capital 2096 2202 2202 2 Reserves and Surplus 89137 93498 94815 3 Deposits 1082156 1115373 1127317 4 Borrowings 52596 33623 54257 5 Other Liabilities and Provisions 28951 21212 26258 Total Liabilities 1254934 1265907 1304849 ASSETS 1 Cash and Balances with RBI 71796 51298 55393 2 Balances with Banks 44607 95887 93252 3 Investments 394338 363626 379762 4 Loans & Advances 660486 673226 692807 5 Fixed Assets 10799 10827 10700 6 Other Assets 72907 71044 72935 Total Assets 1254934 1265907 1304849 3 Financial Performance Page 24#25TAN fogether we can One Time Restructuring of Advances As per RBI's guidelines dated Aug 6, 2020 Position as on 31.12.2021 Restructuring Implemented Lpnb Amt in Crore Loan and aggregate exposure Provisions Made SI. category No. of accounts Amount involved Amt 1 Personal loans 5625 722 73 2 Other Exposures* * 346 5357 635 3 Total (1+2) 5971 6079 708 4 MSME loans 5968 Grand Total (3+4) 11939 652 6731 33 741 *Other Exposures includes corporate loans >Rs. 25 Crore as per RBI guidelines. As per RBI's guidelines dated May 5, 2021, Position as on 31.12.2021 SI. Loan and aggregate exposure category Restructuring Implemented Provisions Made No. of accounts Amount involved Amt 12 1 Individual Borrowers 77732 5457 562 2 Small Business 5491 1043 107 3 Total (1+2) 83223 6500 669 4 MSME loans 100650 5873 587 Grand Total (3+4) 183873 12373 1256 4 Asset Quality Page 25#26TAN fogether we can SI Standard Restructured Advances pnb Amt in Crore Movement of Std. Restructured Advances Mar'21 (FY 21) Dec'21 (9M) A Opening Balance 2236 2372 B Total Addition 794 2020 с Reduction 658 116 1 In eligible 16 0 2 Down-gradation to NPA 19 111 3 Exit/Failure 623 5 Closing Balance (A+B-C) 2372 4276 SI. Sector wise Std. Restructured A Agriculture & Allied B MSME C Corporate & Others Total 4 Asset Quality Dec' 21 2707 58 1511 4276 Page 26#27TAN fogether we can AGRI Improving Asset Quality - SMA Accounts ( > Rs.5.00 Crore) loის 4 Amt in Crore Mar-21 Jun-21 Sep-21 CATEGORY SMA2 % of Total Dom. Advances SMA2 % of Total Dom. Advances % of Total SMA2 Dom. Advances SMA2 1243 1.10% 868 0.68% 798 0.60% 404 Dec-21 % of Total Dom. Advances 0.30% MSME 4023 3.19% 2679 2.21% 2533 2.03% 1715 1.35% RETAIL RAM TOTAL 285 0.21% 348 0.26% 239 0.18% 161 0.12% 5551 1.48% 3895 1.02% 3570 0.91% 2280 0.57% CORPORATE & OTHER 8157 2.37% 8629 2.64% 6084 1.87% 814 0.24% TOTAL 13708 1.91% 12524 1.77% 9654 1.35% 3094 0.42% 4 Asset Quality Page 27#28fogether TAN we can Improving Asset Quality - Movement of NPA შიის Amt in Crore SI. Parameters FY 21 Q2 FY'22 HY'22 Q3 FY'22 9M'22 1 NPA as at the beginning of Year/Quarter 105165 104076 104423 100291 104423 2 Cash Recovery 11442 5764 9167 3211 11795 Out of (2) Recovery in written-off A/cs 2498 1076 1909 653 2561 3 Up-gradation 2363 3362 5441 1995 5798 Cash Recovery & Up-gradation 13805 9126 14608 5206 17593 4 Write Off 15877 3736 5982 2809 8752 5 Total Reduction (2+3+4) 29682 12862 20590 8015 26345 6 Fresh Addition 28940 9077 16458 4983 19181 -Fresh slippages 25001 7620 13299 3431 14857 -Debits in existing NPA A/cs 3939 1457 3159 1552 4324 7 Gross NPAs at end of the period 104423 100291 100291 97259 97259 8 Eligible Deductions incl. Provisions 65848 63357 63357 63380 63380 9 Net NPAs 38576 36934 36934 33879 33879 4 Asset Quality Page 28#29TAN fogether we can NPA Ratios Improving Asset Quality - Ratios Provision Coverage Ratio 14.12% 13.63% 12.88% Credit Cost იის 2.24% 1.72% 1.60% 80.14% 80.77% 81.85% Mar'21 (FY) Sep'21 (HY) -Credit Cost Dec'21 (9M) Amt in Crore 5.73% 5.49% 4.90% 65.17% 63.06% 63.17% Total Recovery including Upgradation (9M) 17593 13805 5798 2363 Mar'21 Sep'21 Dec'21 Mar'21 Sep'21 Dec'21 11442 11795 Gross NPA% -Net NPA% -PCR%- (Incl. TWO) PCR%- (excl TWO) Mar'21(FY) Cash Recovery 4 Asset Quality Dec'21(9M) Up Gradation Page 29#30TAN fogether we can 1548 Improving Asset Quality - Fresh Slippage RETAIL AGRICULTURE MSME |თის Amt in Crore 704 650 2149 1384 Q1FY22 Q2FY22 Q3FY22 Q1FY22 Q2FY22 6819 RAM 3589 3087 1422 Q1FY22 Q2FY22 Q3FY22 4 903 Q3FY22 CORPORATE AND OTHERS 4031 Q1FY22 Q2FY22 344 3122 1555 1480 Q1FY22 Q2FY22 TOTAL 8200 7620 Q3FY22 3431 Q3FY22 Q1FY22 Q2FY22 Q3FY22 Asset Quality Page 30#31TAN fogether we can SI. NPA Classification: Sector Wise Parameters 1 Retail Loans Out of Which, 1a Housing იის Amt in Crore Mar'21 Sep'21 Dec'21 GNPA GNPA% GNPA GNPA% GNPA GNPA% 7167 5.28% 6880 5.18% 6586 4.88% 3766 4.41% 3817 4.57% 3618 4.35% 1b Car/Vehicle 575 5.61% 559 5.16% 559 4.84% 1c Personal Loan 245 2.29% 264 2.52% 265 2.35% 2 Agriculture (PS+NPS) 22201 19.61% 23658 17.67% 23718 17.38% 3 N MSME 26845 21.31% 26971 21.66% 26910 21.19% 4 Corporate & Others 46184 13.42% 40974 12.63% 38235 11.38% 5 Domestic NPA (1+2+3+4) 102411 14.24% 98484 13.76% 95449 13.00% 6 Overseas NPA 2013 9.93% 1807 9.07% 1810 8.65% 7 Global NPA (5+6) 104423 14.12% 100291 13.63% 97259 12.88% 4 Asset Quality Page 31#32TAN fogether we can NPA Classification: Industry Wise Mar'21 Sep'21 Dec'21 |თის Amt in Crore SI. Diversified Industry Portfolio GNPA GNPA % GNPA GNPA % GNPA GNPA % 1 Infrastructure 14956 14.5% 13707 12.9% 12413 11.6% -Energy 4975 12.3% 4472 10.9% 3712 9.0% -Tele-Communication 3927 22.1% 3376 21.6% 3377 22.6% -Roads & Ports 4225 12.1% 4449 11.9% 4039 10.3% -Other Infra 1829 17.6% 1410 11.6% 1285 11.2% 2 Basic Metal & Metal Products 2971 12.7% 2727 12.6% 2163 10.1% -Iron & Steel 1782 8.7% 1418 7.7% 1141 6.7% 3 Textiles 3044 22.4% 3443 28.0% 2988 22.7% 4 Food Processing 5045 27.9% 5172 27.7% 5243 25.4% 5 Chemical & Chemical Products 1134 10.5% 540 6.0% 539 5.0% 6 Other Industries 20464 38.5% 17681 33.1% 17744 32.2% Total 47614 21.4% 43270 19.6% 41090 18.0% 4 Asset Quality Page 32#33TAN fogether we can Asset Classification: Global Advances SI. Parameters o/S 1 Standard Mar'21 Share% o/S Sep'21 Share% o/s Dec'21 4 |თის Amt in Crore Share% 634984 85.88% 635434 86.37% 658047 87.12% 2 Gross NPA 104423 14.12% 100291 13.63% 97259 12.88% 2a Sub-Standard 22980 3.11% 24949 3.39% 18831 2.49% 2b Doubtful 2c Loss Total Advances(1+2) 4 60328 8.16% 54448 7.40% 57606 7.63% 21116 2.86% 20894 2.84% 20822 2.76% 739407 100% 735724 100% 755306 100% Asset Quality Page 33#34TAN fogether we can SI. 1 RBI list 1 2 RBI list 2 Parameters 3 Filed by PNB 4 Filed by Others 5 Total Exposure to NCLT accounts 4 pnb Amt in Crore As on 31.12.2021 Accounts Balance Provision PCR% 4 3819 3819 100% 9 4502 4502 100% 136 10100 9920 98.22% 394 50584 48894 96.66% 543 69005 67135 97.29% 100% 100% 98.22% 3819 4502 10100 96.66% 97.29% 69005 50584 RBI list 1 RBI list 2 Filed by PNB Filed by other Lenders Total Balance Provision Coverage% 4 Asset Quality Page 34#35TAN fogether we can Total No. of Shares: 1101.10 Crores Share Holding and Capital Raised 1.19% 1.78% 12.27% (As on 31.12.2021) loის 2.88% 8.73% Tier Capital Raised Tier-1 (CET 1) Equity through QIP Tier-1 (AT -1) Basel III Compliant AT-1 Bonds Tier-II Non convertible fully paid up bonds Total Capital Raised 5 Govt. of India ■Fls/Banks/Insurance Mutual Funds Resident Individual FPIS 73.15% ■ Others Amt in Crore FY21 FY22 (till date) 3788 1800 495 3971 3994 1919 8277 7690 Share Holding & Capital Raised Page 35#36TAN fogether we can Capital Adequacy იის Amt in Crore SI. Parameters Dec'20 Sep'21 Dec'21 CRAR% 1 Tier I 68827 73915 73505 15.20% Common Equity 63886 68503 66077 14.91% 13.88% Additional Tier I 4941 5412 7428 2.70% 2.69% 2 Tier II 18809 15941 16196 2.98% 0.92% 1.23% 3 Total (Tier I+II) 87636 89856 89701 0.78% 4 Risk-weighted Assets 631488 591217 601461 1 Tier 1 % 10.90% 12.50% 12.22% 11.58% 10.99% 10.12% Common Equity % 10.12% 11.58% 10.99% Additional Tier 1 % 0.78% 0.92% 1.23% 2 Tier II % 2.98% 2.70% 2.69% 3 Total (Tier I+II) % 13.88% 15.20% 14.91% Dec'20 Sep'21 Dec'21 Raised Rs.1971 Crores on 13.01.2022 through issue of Basel-III complied AT-1 bonds CET AT I Tier II 5 Share Holding & Capital Raised Page 36#37TAN fogether we can Capital Optimization pnb Amt in Crore Sl. Parameters Dec'20 Sep'21 Dec'21 YoY Variation % 1 Credit RWA 511256 476363 485634 -5.0% 2 Of which Credit RWA (Domestic FB) 383440 352620 358394 -6.5% 3 Market RWAS 54679 45227 46199 -15.5% 4 Operational RWAS 65553 69628 69628 6.2% 5 Total RWAS 631488 591217 601461 -4.8% 6 Global Credit Exposure 882806 909281 919906 4.2% 7 Credit Exposure (Domestic FB) 787453 807504 823389 4.6% 8 Credit RWA Density (2/6) 49% 44% 44% 9 Total NFB O/S 66329 66570 70022 5.6% 10 NFB RWA 29168 26019 27657 -5.2% 11 Leverage Ratio 4.32 4.59 4.52 SI. Concentration Risk Dec'20 Sep'21 Dec'21 1 Exposure to Top 20 Borrowers as % of Total Exposure 16.29% 16.59% 16.20% 2 Exposure to Top 10 Groups as % of Total Exposure 13.03% 11.91% 12.08% 5 Share Holding & Capital Raised Page 37#38TAN fogether we can 7.19 Cr Debit Cards Issued Best-in-class Digital Banking Digital Banking Performance Snapshot 70% Debit Card Penetration of eligible base 1 Digital Payments and Transactions Digital-first transaction channels for our increasing digitally-savvy customer base Clenb იის 20% Digital Delivery Digitally-opened SF 2 Strengthening our digital product and service Accounts during Q3 delivery channels Digital Sourcing 3 Strengthening our digital lead sourcing channel 3.12 Cr Internet Banking User Base 70% Digital Transactions (Dec 2021) 48% Digital Funds Transfer (9M FY21-22) 4 ↑ 2.53 Cr PNB One User Base 4.2% Market Share in Mobile app transactions (Nov 2021) 6 5 4.3 Google Play Store Rating of PNB One app 6 Digitalization Digital Product Offerings Augmenting our product suite with digital products and services Digital Partnerships Building partnerships to ensure market leadership in key digital product and service segments New Digital Initiatives Several new developments to further strengthen digital capabilities Page 38#39TAN fogether we can 68% of bank's transactions are +46% now digital 68% 47% Q3 FY21 Q3 FY22 43% 10% 11% 21% Digital ATM & BNA/CDB Branch & BC Digital Payments & Transactions Significant uptick in mobile banking user base and transactions. 183 38% YoY Growth in PNB One Users +38% 253 59% YoY Growth in PNB One Financial Transactions +59% 68 43 $ Clenb იის 43% YoY Growth in PNB One Non-Financial Transactions +43% 20 14 Q3FY21 Q3FY22 (in lakhs) Q3FY21 Q3FY22 (in lakhs) Q3FY21 Q3FY22 (in lakhs) -Growth in UPI Transactions 131% YoY Growth in FDs opened on PNB One 63% YoY Growth in Funds Transfer through PNB One +97% +63% +131% 131% YoY Growth in Bharat Bill Pay through PNB One +131% 5,685 93,058 52 32 36,813 2,888 40,290 15,961 Q3FY21 Q3FY22 Q3FY21 Q3FY22 Q3FY21 Q3FY22 (in lakhs) Q3FY21 Q3FY22 (volume in lakhs) 6 Digitalization Page 39#40fogether TAN we e can Digital Delivery & Digital Sourcing PNB One as center-piece for bank's transactions by re-imaging it as true "Super App" ONE #Just one app #Do-It-Yourself with PNB One A Secure, Seamless & Instantaneous Banking Experience A wide range of features ... Pay Instant Money 12:387 Home Transfer Real Time Utility U B Bill Payments Invest • Book an FD/RD in <30 seconds Manage Your Mutual Funds Link Your PPF Account Manage Personalize Your Debit & Credit Card Settings Request a Cheque Book in just 2 clicks Generate A/C Statement 24 x 7 Fingerprint Login ხელის Scan and Download Google Play 11:26 pnb Biometric authentication and login • Instant Money Transfer • Real Time Utility Payments • Manage Debit/Credit Card • Online FD/RD Booking Open Instant Demat Account Interest Certificate Virtual Debit Card App Store • Launch of PNB-PA (Personal Advisor) PNB ONE, for non-stop banking. YOUR PERSONAL ADVISOR GET KNOW MORE Saving Account Product Listing Apps Opening Clenb Significant increase in asset-leads through digital channels Concessional pricing on home loans and vehicle loans to drive growth in digitally originated leads 0.05% 0.10% on Home Loan on Vehicle Loan Umbrella application with access to all of PNB'S digital application PNB mPassbook. PNB Genie, BHIM PNB etc. One, Significant success in sourcing and converting digital leads • Digital Account Opening Offers Internet Check loan Banking eligibility • Financial Calculators • Doorstep Banking • Product Information Door Step Feedback Home Calculator Contact • Contact Details 6 increase in 60%+ no. of digitally- originated leads (Dec 21 vs. Sep'21) increase in % conversion of 7× digitally-originated leads (Dec 21 vs. Sep'21) Digitalization Page 40#41TAN fogether we can Digital Product Offerings Strong traction observed across existing suite of digital products Pre-Approved Personal Loan Shishu Mudra Online Account Opening pob Click here for Personal Loan INSTANT DISBURSAL Loan Disbursed Your money is on the way End-to-end Digital; No branch visit required Click here for E-Mudra Loan Clenb იის WELCOME TO THE GROWING FAMILY OF PUNJAB NATIONAL BANK Customers already having Customer ID/Account with PUNJAB NATIONAL BANK cannot apply for Online account opening. PNB Online Account Opening Portal PNB Online Account Opening Portal (Version 3.5.000918) Click here to open the Online Savings Account without E-Sign facility (Submission of form) Process of Opening Online Account (Submission of form) Valid KYC documents Seamless digital journey Quick Disbursal; Minimum Documentation $ Flexible Repayment Terms 24 x 7 Account Opening Facility Multiple Savings Account Option Digital KYC; No document submission Required Seamless disbursal within minutes $ Loans up to Rs. 8 lakhs 6 Digitalization Page 41#42TAN fogether we can იის Strengthening Digital Partnerships & New Initiatives Co-lending partnerships with leading NBFCs IIFL HOME LOAN PAISALO EASY LOAN आसान लोन VEDIKA CREDIT CAPITAL LTD PARTNER IN THE GROWTH OF MICRO ENTREPRENEURS LENDINGKAT Think Cash, Think Lendingkart Group! Co-discounting partnerships with e-commerce zomato players Paytm MOBIFEST You wil get to 75 Modwin cashback with Get Flat 100 Zomato Credits using HSBC Credit Cards Valid on orders with items worth 400 or more. View Details HSBCFEAST Add items wayth 1 to apply this offe pnb Abo Get Flat 50 OFF using Punjab National Bank Credit & Debit Cards Valid on orders wean items worth 200 or more View Details PNBMUNCH Add items worthy the offer Indusind Bank Get *75 Zomato Credits using Indusind Debit & Credit Cards Vand on orders with ems worth 499 or more View Details INDUSDELI Simpl Get Free delivery using Simpl Valid on orders with a worth more View Details SIMPLEREED Asity THURSDAY MOVIE MANIA Cashback pის up to Rs. 300 Promocoded on 2nd Ticket PNBMOVIES Now Enjoy Latest Movies on Bigger Screen with 100% Cashback on Only on PNB Debit & Credit Card Paytm mastercard SWIGGY Introducing new and exciting digital products and services FasTag Video Life Certificate for Pensioners Positive Pay System in Internet Banking Virtual Debit Card Voice-Assist Features Liberalized Remittance Scheme in Internet Banking UPI International - Singapore & Bhutan New Investment-led Partnerships ONOC Open Network for Digital Commerce Equity participation with a vision to develop an open network for digital commerce 6 Digitalization Page 42#43TAN fogether we can Distribution Network & Social Media Presence Branches (Domestic) ATM loის BCs 13400 12741 f in 1420684 YoY 1:47.5% 79562 YoY : 21.1% 267879 YoY : 57.2% 10264 112 5 349 International Branches : Delhi: 333 7400 40 305 1. Hong Kong 2.Dubai 971 5 9 730 1688 305 5 700 27 21 You Tube 69900 YoY : 62.3% 72750 YoY : 44.23% 12400 9. 264 370 212 1195 187 336 Regional Group Population Group wise 398 136 16 122 141 States having Branches 100 > • Andaman & Nicobar (4) 258 • Daman & Diu (2) 193 • Dadra and Nagar Haveli (2) 7 4.28% 6.64% 3.89% ■ NORTHERN ■ METRO 17.69% 20.43% ■CENTRAL 33.16 % ■RURAL ■ EASTERN 21.86% ■SEMI URBAN ■ SOUTHERN 24.42% ■ URBAN 37.46% ■ WESTERN 30.17% ■ NORTH EASTERN Network, FI, Group Business and RRBs Page | 43#44fogether TAN we can No. of enrollments under Pradhan Mantri Jeevan Jyoti Bima Yojna (Lakhs) 40.55 37.04 34.61 33.81 Financial Inclusion No. of enrollments under Pradhan Mantri Suraksha Bima Yojna 158.10 148.92 149.32 (Lakhs) 170.53 Lpnb აის No. of enrollments under Atal Pension Yojna (Lakhs) 17.71 15.85 14.50 14.80 Mar'21 Jun'21 Sep'21 Dec'21 Mar'21 Jun'21 Sep'21 Dec'21 Mar'21 Jun'21 Sep'21 Dec'21 Amt in lakhs PMJDY Accounts Amt in Crore Deposit Mobilized by BCs No. Of BCs 410.7 402.0 12518 12518 15464 395.0 395.0 14315 13391 13487 12478 12741 Mar'21 June'21 Sep'21 Dec'21 Mar'21 June'21 Sep'21 Dec'21 Mar'21 June'21 Sep'21 Dec'21 7 Network, FI, Group Business and RRBs Page | 44#45fogether we can Performance of Subsidiaries, Joint Venture and Associates Country of Proportion Incorporati genb აის (Amount in INR Crore) TAN Туре Name of the entity on of Ownership% Results (3/6/9/12 M) Total Total Gross Net Income Expenses Profit Profit Associates PNB Housing Finance Ltd India 32.57% Dec 21 (9M) 4775 3915 860 667 Subsidiaries PNB Investment Services Ltd. India 100.00% Dec 21 (9M) 9 5 4 3 Subsidiaries PNB Cards & Services Limited Subsidiaries PNB Gilts Ltd. India 74.07% India 100.00% Sept 21 (6M) Dec'21 (9M) 0.29 0.86 -0.57 -0.57 757 606 151 117 Associates PNB MetLife India Insurance Co. Ltd India 30.00% Sept’21 (6M) 4796 4897 -101 -101 Associates Canara HSBC OBC Life Insurance Co. Ltd PNB (International) Ltd. India ☐ 23.00% Dec 21 (9M) 4495 4564 -69 -69 Subsidiaries UK 100.00% Mar'21 (12M) 177 150 27 -75 (FY: 1st April to 31st March) Associates India SME Asset Reconstruction Co. Ltd India 20.90% Sept❜21 (6M) 3 9 -6 -6 Druk PNB Bank Ltd. Subsidiaries Bhutan 51.00% Dec'20 (12M) 123 95 28 6 (FY: 1st January to 31st December) Everest Bank Ltd. Joint Venture Nepal 20.03% July'21 (12M) 817 658 159 111 (FY: 16th July to 15th July) 7 Network, FI, Group Business and RRBs Page 45#46fogether TAN e can we Performance of RRBs Consolidated Position Business Loans and advances Deposits Capital adequacy ratio Amt in Crore pnb Dec'20 Mar'21 Dec'21 167707 175191 179728 58946 62750 63070 108762 112440 116658 10.52% 9.88% 9.69% Dec'20 Consolidated Position FY 2021 (9M) Operating profit 2211 2870 Net Profit 200 481 Dec'21 (9M) 1526 174 RRBs: 1.DBGB: Dakshin Bihar Gramin Bank, Patna 2.SHGB: Sarva Haryana Gramin Bank, Rohtak 3.HPGB: Himachal Pradesh Gramin Bank, Mandi 4.PGB: Punjab Gramin Bank, Kapurthala 7 5. PUPGB: Prathama Uttar Pradesh Gramin Bank, Moradabad 6. TGB- Tripura Gramin Bank 7. MRB- Manipur Rural Bank 8. AGVB- Assam Gramin Vikash Bank 9. BGVB- Bangiya Gramin Vikash Bank Network, FI, Group Business and RRBs Page 46#47TAN fogether we can Environmental, Social and Governance (ESG) Initiatives ✓ pnb Environmental aspect covered at loan origination stage through Bank's risk rating models. Special schemes on clean energy helping contain the Green House Gases (GHG). PNB Green Car (e - vehicle) loan for financing the electric vehicle with concessional Rate of Interest. Restricted financing to Ozone Substances segments (ODS) Depleting consuming/producing Environmental Bank is committed to strong Corporate Governance practices based on transparency, professionalism and accountability Robust governance mechanism complying with Reserve Bank of India guidelines & SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Prompt addressal of Investor grievances enhancing stakeholder confidence Top level oversight on critical aspects of customer service, cyber security and compliance Governance Social 76 Rural Self Employment Training Institutes (RSETIs) & 2 Rural Development Center (RDCs). Trained 27,147 persons during 9M FY22 in RSETIs. 12 PNB Farmer Training Colleges for holistic approach of development of farmers' family. For promoting girl child education PNB Ladli Scheme. 10106 girls benefitted since inception up to 31.12.2021. PNB Hockey Academy: towards supporting National Game. SHG credit linkage as driver of financial inclusion & women empowerment. As on 31.12.21 o/s in SHGS is at Rs. 4392 Cr Other core CSR activities like contribution/donation to Disaster Management fund, Ambulance service, solar rickshaws, building toilet women hostel etc. Prudent Risk Management Framework 8 ESG Initiatives & Awards Page 147#48fogether TAN we can Awards for Excellence Pension Fund Regulatory & Development Authority (PFRDA) ✰ Wondrous Warriors Award: Mar'21 ✰ Warriors Award: Aug'21 2nd Best Bank in SHG Credit Linkage under NRLM scheme by Ministry of Rural Development (MORD). loის 2nd highest percentage of digital payment Transactions "Utkarsh Puruskar" DigiDhan Award 2019-20 (e-UNI) by Ministry of Electronics & Information Technology Secured 1st position amongst peer banks under Agriculture Infrastructure Fund (AIF) campaign launched by Ministry of Agriculture and Farmers Welfare NABARD'S "Special Commemorative Award" for Overall Performance in the Field of Agriculture Credit, Micro Finance, Financial Inclusion and Technology Adoption. 8 ESG Initiatives & Awards Page 48#49TAN fogether we can Disclaimer Lpnb "This presentation has been prepared by Punjab National Bank (the "Bank"), solely for general information purposes, without regard to any specific objectives, financial situations or informational needs of any particular person. Except for the historical information contained herein, statements in this presentation which contain words or phrases such as "is", "aims", "will", "would", "indicating", "expected to", "guidance", "way forward", "expected", "estimate", "objective", "goal", "strategy", "philosophy", "project" etc. and similar expressions or variations of such expressions may constitute 'forward-looking statements'. These forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those suggested by the forward-looking statements. Although forward looking statements, contained in this presentation are based upon what Bank believes are reasonable assumptions but these risks and uncertainties include, dynamic and complex internal and external environment, including but not limited to market, business, legal risks/changes in law etc., having bearing on bank's ability to successfully implement its strategy, future levels of non-performing loans, its growth and expansion in business, the impact of any acquisitions, the adequacy of its allowance for credit losses, its provisioning policies, technological implementation and changes, the actual growth in demand for banking products and services, investment income, cash flow projections, bank's exposure to market risks as well as other risks. Punjab National Bank undertakes no obligation to update the forward-looking statements to reflect events or circumstances after the date thereof. Note: "All financial figures in the presentation are from Audited Financials/Limited Reviewed financials based on Management estimates. Any reliance on such financials by anyone shall be at their own risk/responsibility and bank shall not be liable for any loss/gain to anyone in any manner whatsoever." Page 49#50TAN fogether we can VISION "To position PNB as the 'Most Preferred Bank' for customers, the 'Best Place to Work In' for employees and a 'Benchmark of Excellence' for the industry" THANKS Thank You! MISSION Clenb იის "Creating Value for all its Customers, Investors and Employees for being the first choice for all stakeholders" Page 50