Key Highlights (3 Months ended)
(June 2020 V/s June 2021)
Net Profit stood at Rs1177 cr. against Net Profit of Rs.406 crores for June-2020
Operating Profit stood at Rs.5751 cr. grew by 34.18%
Non-Interest Income grew by 67.47%
Fee based income grew by 43.61%
Cost to Income Ratio improved by 533 bps
Global Business grew by 9.38%
Agricultural & Allied Credit grew by 17.03%
Retail Credit grew by 9.57% with Housing loan at 13.15%
RAM constitutes 55.37% of Total Advances
CASA Deposits increased by 12.91%
Savings Bank Deposits grew by 14.38%
Retail term deposit grew by 12.14%
Gross NPA Ratio down by 34 bps
Net NPA Ratio down by 49 bps
Provision Coverage Ratio (PCR) at 81.18% improved by 223 bps
CRAR stood at 13.36% as at June 2021. Out of which Tier-I is 10.34% and Tier-II is 3.02%
Return on Assets improved to 0.41% for Q1FY22 against 0.16% for Q1FY21
Return on Equity improved to 11.53% for Q1FY22 against 4.51% for Q1FY21
Key Summary of Business Performance (as on 30.06.2021)
Business
Global Business increased by 9.38% (y.o.y) to Rs 1706422 Cr as at June 2021 with Global Deposits at Rs 1021837 Cr 12.34% (y.o.y) and Global Advance (gross) at Rs 684585 Cr 5.23% (y.o.y)
Domestic Deposit of the Bank stood at Rs 970481 Cr as at June 2021 with growth of 11.60% (y.o.y)
Domestic Advances (gross) of the Bank stood at Rs 661236 Cr as at June 2021 grew by 5.94% (y.o.y)
Retail lending Portfolio increased 9.57% (y.o.y) to Rs 115291 Cr as at June 2021
o Housing Loan Portfolio increased 13.15% y.o.y to Rs 65136 Cr
o Vehicle Loan portfolio increased 9.22% y.o.y to Rs 13433 Cr
Advances to Agriculture grew by 17.03% (y.o.y) to Rs 156801 Cr as at June 2021
Asset Quality
Gross Non-Performing Assets (GNPA) ratio stood at 8.50% as at June 2021 as against 8.93% at March 2021, 8.84% as at June 2020.
Net Non-Performing Assets (NNPA) ratio stood at 3.46% as at June 2021 as against 3.82% as at March 2021,3.95% as at June 2020.
Provision Coverage Ratio (PCR) improved to 81.18% as at June 2021 from 78.95% as at June 2020.
Capital Adequacy
CRAR stood at 13.36% as at June 2021. Out of which Tier-I is 10.34% and Tier-II is 3.02%
The Capital Raising Plan for FY-22:
QIP Equity : Rs.2500 Cr
AT-1 Bonds : Rs.4000 Cr
Tier II Bonds : Rs.2500 Cr
Priority Sector & Financial Inclusion
The Bank has achieved Targets in Priority Sector at 45.47% and Agricultural Credit at 20.93% of ANBC as at June 2021, as against the norm of 40% and 18% respectively
Credit to small and marginal farmers stood at 14.27% of ANBC, against the norm of 9%
Credit to Weaker Sections stood at 20.34% of ANBC, against the norm of 11%
Bank has opened 138 lakhs accounts under PMJDY and mobilised CASA deposits of Rs 6103 Cr as at June 2021
Network
As on 30.06.2021, the Bank has 9877 Number of Branches, out of which 3047 are Rural, 2853 Semi- Urban, 1973 Urban & 2004 Metro along with 11819 ATMs
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