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Q4FY22 RESULTS

Q4FY22 RESULTS

Highlights

  • Bank has registered its highest quarterly Net Profit of Rs. 9,114 crores in Q4FY22, witnessing a growth of 41.28% YoY. Net profit for FY22 grew by 55.19% YoY to Rs. 31,676 crores.
  • Return on Equity (RoE) as at the end of FY22 stands at 13.92% which is higher by 398 bps YoY.
  • Domestic NIM for Q4FY22 increased by 29 bps YoY at 3.40%.
  • Net Interest Income (NII) for Q4FY22 increased by 15.26% YoY.
  • Operating Profit for FY22 grew by 5.22% YoY to Rs. 75,292 crores; while Operating Profit for Q4FY22 at Rs. 19,717 crores.
  • Whole Bank Advances grew by 11.00% YoY. Domestic Advances growth stood at 10.27% YoY primarily driven by growth in Retail Personal Advances (15.11% YoY). Foreign Office Advances grew by 15.42% YoY.
  • Retail Portfolio crosses Rs. 10 lakh crore.
  • Home loan, which constitutes ~23% of Bank’s domestic advances, has grown by 11.49% YoY.
  • Corporate Loans has also registered growth of 11.15% QoQ during Q4FY22.
  • Total Deposits grew at 10.06% YoY. Saving Bank Deposits grew by 10.45% YoY while Term Deposit grew by 11.54% YoY.
  • CASA Deposit grew by 7.78% YoY with CASA ratio of 45.28% as on 31st March 22.
  • Gross NPA ratio down by 101 bps YoY at 3.97%, while Net NPA ratio down by 48 bps YoY at 1.02%.
  • Provision Coverage Ratio (PCR) improved by 416 bps YoY at 75.04%. PCR (Incl. AUCA) stands at 90.20%.
  • Slippage Ratio for Q4FY22 stands at 0.43%.
  • Credit Cost for Q4FY22 stands at 0.49%.
  • Cost to Income Ratio for FY22 down by 29 bps YoY at 53.31%. Cost to Income Ratio is lower by 27 bps YoY at 54.23% during Q4FY22.
  • Capital Adequacy Ratio (CAR) as at the end of Q4FY22 stands at 13.83%
  • Return on Assets (RoA) increased by 19 bps YoY to 0.67%.
  • Share of Alternate Channels in total transactions has increased from 93.2% in FY21 to 95.5% in FY22.

 

 

 

Key Summary of Q4FY22 Results

 

In Rs Crores

Q4FY21

Q3FY22

Q4FY22

YoY %

QoQ %

FY21

FY22

YoY %

Profit & Loss

Interest Income

65,102

69,678

70,733

8.65

1.51

2,65,151

2,75,457

3.89

Interest Expenses

38,035

38,991

39,535

3.95

1.40

1,54,441

1,54,750

0.20

Net Interest Income

27,067

30,687

31,198

15.26

1.66

1,10,710

1,20,708

9.03

NIM, % (Domestic)

3.11

3.40

3.40

29 bps

0 bps

3.26

3.36

10 bps

Operating Profit

19,700

18,522

19,717

0.08

6.45

71,554

75,292

5.22

Loan loss provisions

9,914

3,096

3,262

-67.10

5.35

27,244

14,087

-48.29

Exceptional Items*

 

 

 

 

 

 

7,418

 

Profit after tax

6,451

8,432

9,114

41.28

8.08

20,410

31,676

55.19

*Provisions on account of change in family pension rules

In Rs Crores

Mar 21

Dec 21

Mar 22

YoY %

QoQ %

Balance Sheet

Gross advances

25,39,393

26,64,602

28,18,671

11.00

5.78

  Domestic Corporate

8,18,705

7,83,379

8,70,712

6.35

11.15

     Domestic Retail Personal

8,70,711

9,52,189

10,02,303

15.11

5.26

    Of which: Home loans

5,03,779

5,38,475

5,61,651

11.49

4.30

Deposits

36,81,277

38,47,794

40,51,534

10.06

5.29

  Domestic CASA

16,46,974

17,00,688

17,75,084

7.78

4.37

  Domestic Term Deposits

19,23,191

20,17,823

21,45,117

11.54

6.31

CASA Ratio (%)

46.13

45.74

45.28

-85 bps

-46 bps

GNPA

1,26,389

1,20,029

1,12,023

-11.37

-6.67

NNPA

36,810

34,540

27,966

-24.03

-19.03

 

Ratios, %

Q4FY21

Q3FY22

Q4FY22

YoY, bps

QoQ, bps

FY21

FY22

YoY, bps

Asset Quality

GNPA

4.98

4.50

3.97

-101

-53

4.98

3.97

-101

NNPA

1.50

1.34

1.02

-48

-32

1.50

1.02

-48

PCR (Incl AUCA)

87.75

88.32

90.20

245

188

87.75

90.20

245

PCR

70.88

71.22

75.04

416

382

70.88

75.04

416

Slippage Ratio

3.57

0.37

0.43

-314

6

1.18

0.99

-19

Credit Cost

1.61

0.49

0.49

-112

0

1.12

0.55

-57

Capital Ratios

CET-1 ratio

10.02

9.38

9.94

-8

56

10.02

9.94

-8

Tier-1 ratio

11.44

10.91

11.42

-2

51

11.44

11.42

-2

CAR

13.74

13.23

13.83

9

60

13.74

13.83

9

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