Key Highlights in Q2FY23
Net Profit of the Bank increased by 21.07% on YoY basis during Q2FY23. Net interest income of Bank grew by 21.61% on YoY basis during Q2FY23.
The CASA deposits have increased by 9.42 % YoY. Bank now have a total deposits base at Rs.10,43,265 Crores as at the end of Q2FY23.
Total Business of the Bank increased by 17.33% YoY, wherein Gross Advances increased by 21.92 % YoY & Total Deposit grew by 14.14% YoY. Bank now have a total Business at Rs.18,16,955 Crores as on September 30, 2022.
RAM Segment of the bank increased by 14.86 % YoY, where 14.45 % growth in Retail, 15.19% growth in Agriculture and 14.97 % growth in MSME advances achieved YoY basis. RAM advances as a per cent of Domestic Advances stood at 54.57%.
Gross NPA (%) reduced by 419 bps on YoY basis to 8.45% and Net NPA(%) reduced by 197 bps on YoY basis to 2.64% as on 30.09.2022.
CRAR improved from 13.64 % as on 30.09.2021 to 14.50% as on 30.09.2022. CET1 ratio improved to 10.67 % as on 30.09.2022 from 10.16% as on 30.09.2021.
Key Summary of Q2 FY2023 Results
|In Rs Crores||Q2FY22||Q1FY23||Q2FY23||YoY%||QoQ%||H1FY22||H1FY23||YoY%|
|Profit & Loss|
|Net Interest Income||6,829||7,582||8,305||21.61||9.54||13,843||15,887||14.77|
|NIM %||2.95||3.00||3.15||20 bps||15 bps||3.00||3.06||6 bps|
|Profit After Tax||1,526||1,558||1,848||21.07||18.56||2,707||3,406||25.82|
|Rs. (In Crores)||Q2FY22||Q1FY23||Q2FY23||YoY%||QoQ%
|Retail Term Deposits(<2 Crs)||4,34,299||4,38,931||4,37,866||0.82||-0.24|
|CASA Ratio (%)||37.16||36.19||35.63||-153 bps||-56 bps|
8,729 Branches including foreign branches
16,109 BC points
126 MLPs (MSME Loan Points)
207 RLPs (Retail Loan Points)