India’s largest lender State Bank of India (SBI) reported robust earnings during the July-September quarter of the financial year 2021-22. Along with the bank's profit and net interest income (NII), asset quality improves too during the quarter.
The bank's profit during Q2 jumped 66.7 per cent to Rs 7,626.6 crore as compared to Rs 4,574.2 crore in the same quarter a year-ago period. While its NII surged 29 per cent to Rs 31,183.9 crore during the quarter, as compared to Rs 24,181.5 crore in the same quarter a year ago.
Key Summary of Q2FY22 Results
In Rs Crores |
Q2FY21 |
Q1FY22 |
Q2FY22 |
YoY % |
QoQ % |
H1FY21 |
H1FY22 |
YoY % |
Profit & Loss |
||||||||
Interest Income |
66,814 |
65,564 |
69,481 |
3.99 |
5.97 |
1,33,314 |
1,35,046 |
1.30 |
Interest Expenses |
38,633 |
37,926 |
38,298 |
-0.87 |
0.98 |
78,491 |
76,224 |
-2.89 |
Net Interest Income |
28,181 |
27,638 |
31,184 |
10.65 |
12.83 |
54,823 |
58,822 |
7.29 |
NIM, % (Domestic) |
3.34 |
3.15 |
3.50 |
16 bps |
35 bps |
3.29 |
3.33 |
4 bps |
Operating Profit |
16,460 |
18,975 |
18,079 |
9.84 |
-4.72 |
34,521 |
37,054 |
7.34 |
Loan loss provisions |
5,619 |
5,030 |
2,699 |
-51.96 |
-46.33 |
15,040 |
7,729 |
-48.61 |
Exceptional Items* |
|
|
7,418 |
|
|
|
7,418 |
|
Profit after tax |
4,574 |
6,504 |
7,627 |
66.73 |
17.26 |
8,763 |
14,131 |
61.24 |
*Provisions on account of change in family pension rules
In Rs Crores |
Sep 20 |
Jun 21 |
Sep 21 |
YoY % |
QoQ % |
Balance Sheet |
|||||
Gross advances |
23,83,624 |
25,23,793 |
25,30,777 |
6.17 |
0.28 |
Domestic Corporate |
7,87,559 |
7,90,494 |
7,56,764 |
-3.91 |
-4.27 |
Domestic Retail Personal |
7,85,345 |
8,72,104 |
9,04,473 |
15.17 |
3.71 |
Of which: Home loans |
4,68,382 |
5,05,473 |
5,18,703 |
10.74 |
2.62 |
Deposits |
34,70,462 |
37,20,987 |
38,09,630 |
9.77 |
2.38 |
Domestic CASA |
15,27,007 |
16,59,234 |
17,06,387 |
11.75 |
2.84 |
Domestic Term Deposits |
18,37,128 |
19,50,107 |
19,83,642 |
7.98 |
1.72 |
CASA Ratio (%) |
45.39 |
45.97 |
46.24 |
85 bps |
27 bps |
GNPA |
1,25,863 |
1,34,259 |
1,23,942 |
-1.53 |
-7.68 |
NNPA |
36,451 |
43,153 |
37,119 |
1.83 |
-13.98 |
Slippages (During the Quarter) |
2,756 |
15,666 |
4,176 |
51.52 |
-73.35 |
Ratios, % |
Q2FY21 |
Q1FY22 |
Q2FY22 |
YoY, bps |
QoQ, bps |
H1FY21 |
H1FY22 |
YoY, bps |
Asset Quality |
||||||||
GNPA |
5.28 |
5.32 |
4.90 |
-38 |
-42 |
5.28 |
4.90 |
-38 |
NNPA |
1.59 |
1.77 |
1.52 |
-7 |
-25 |
1.59 |
1.52 |
-7 |
PCR (with AUCA) |
88.19 |
85.93 |
87.68 |
-51 |
175 |
88.19 |
87.68 |
-51 |
PCR (without AUCA) |
71.04 |
67.86 |
70.05 |
-99 |
219 |
71.04 |
70.05 |
-99 |
Slippage Ratio |
0.46 |
2.47 |
0.66 |
20 |
-181 |
0.53 |
1.56 |
103 |
Credit Cost |
0.94 |
0.79 |
0.43 |
-51 |
-36 |
1.24 |
0.61 |
-63 |
Capital Ratios |
||||||||
CET-1 ratio |
10.49 |
9.91 |
9.76 |
-73 |
-15 |
10.49 |
9.76 |
-73 |
Tier-1 ratio |
11.90 |
11.32 |
11.02 |
-88 |
-30 |
11.90 |
11.02 |
-88 |
CAR |
14.72 |
13.66 |
13.35# |
-137 |
-31 |
14.72 |
13.35# |
-137 |
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