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Key Highlights in Q2FY23
- Strong Financial Performance:
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.
- Bank continues to demonstrate a strong liability franchise
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.
- Business growth gaining momentum
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.
- Credit in Retail, Agri and MSME (RAM) segments
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%.
- Reduction in NPA: –
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.
- Improved capital ratios
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 |
| Interest Income |
16,706 |
18,174 |
19,682 |
17.81 |
8.29 |
33,840 |
37,856 |
11.87 |
| Interest Expenses |
9,876 |
10,593 |
11,377 |
15.19 |
7.40 |
19,997 |
21,969 |
9.86 |
| Net Interest Income |
6,829 |
7,582 |
8,305 |
21.61 |
9.54 |
13,843 |
15,887 |
14.77 |
| Non-Interest Income |
3,978 |
2,817 |
3,276 |
-17.65 |
16.31 |
6,758 |
6,093 |
-9.83 |
| NIM % |
2.95 |
3.00 |
3.15 |
20 bps |
15 bps |
3.00 |
3.06 |
6 bps |
| Operating Profit |
6,074 |
5,448 |
6,577 |
8.29 |
20.73 |
11,255 |
12,025 |
6.84 |
| Total Provisions |
4,547 |
3,889 |
4,729 |
4.00 |
21.61 |
8,548 |
8,618 |
0.83 |
| 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%
|
| Balance Sheet |
| Global Advances |
6,34,583 |
7,28,635 |
7,73,690 |
21.92 |
6.18 |
| Domestic Advances |
6,19,137 |
7,09,904 |
7,52,469 |
21.54 |
6.00 |
| W/w Retail |
1,28,190 |
1,39,410 |
1,46,715 |
14.45 |
5.24 |
| Agriculture |
1,24,897 |
1,35,503 |
1,43,874 |
15.19 |
6.18 |
| MSME |
1,04,436 |
1,14,674 |
1,20,069 |
14.97 |
4.70 |
| RAM advances |
3,57,523 |
3,89,587 |
4,10,658 |
14.86 |
5.41 |
| Deposits |
9,14,022 |
9,92,774 |
10,43,265 |
14.14 |
5.09 |
| W/w CASA |
3,39,692 |
3,59,335 |
3,71,697 |
9.42 |
3.44 |
| 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 |
| GNPA |
80,211 |
74,500 |
65,391 |
-18.48 |
-12.23 |
| NNPA |
26,785 |
22,392 |
19,193 |
-28.34 |
-14.29 |
| Ratios (%) |
Q2FY22 |
Q1FY23 |
Q2FY23 |
YoY
bps |
QoQ
bps |
| Asset Quality |
| GNPA |
12.64 |
10.22 |
8.45 |
-419 |
-177 |
| NNPA |
4.61 |
3.31 |
2.64 |
-197 |
-67 |
| PCR |
81.77 |
84.75 |
86.61 |
484 |
186 |
| TPCR |
66.61 |
69.94 |
70.65 |
404 |
71 |
| Credit Cost |
2.31 |
2.02 |
1.50 |
-81 |
-52 |
|
| CET-1 ratio |
10.16 |
10.68 |
10.67 |
51 |
-1 |
| Tier-1 ratio |
11.32 |
12.14 |
12.26 |
94 |
12 |
| CRAR |
13.64 |
14.42 |
14.50 |
86 |
8 |
Network:
8,729 Branches including foreign branches
11,092 ATMs
16,109 BC points
126 MLPs (MSME Loan Points)
207 RLPs (Retail Loan Points)
