Highlights
Profitability
- Highest ever-quarterly Net Profit at Rs. 14,205 crores; grew by 68.47%
- Operating Profit for Q3FY23 at Rs. 25,219 crores; grew by 16% YoY.
- ROA at 08% for the quarter improved by 37 bps YoY.
- Bank’s ROA and ROE for the nine months stand at 87% and 18.59% respectively.
- Net Interest Income (NII) for Q3FY23 increased by 05% YoY.
- Domestic NIM for Q3FY23 increased by 29 bps YoY to 69%.
Balance Sheet
- Credit growth at 60% YoY with Domestic Advances growing by 16.91% YoY.
- Foreign Offices’ Advances grew by 47% YoY.
- Domestic Advances growth driven by Retail Personal Advances (18.10% YoY) followed by Corporate Advances which grew by 08% YoY.
- Retail Personal Advances (excl. REH) cross 5 lakh crores.
- SME and Agri loans have registered YoY growth of 16% and 11.52% respectively.
- Whole Bank Deposits grew at 51% YoY, out of which CASA Deposit grew by 5.88% YoY. CASA ratio stands at 44.48% as on 31st December 22.
Asset Quality
- Net NPA ratio at 77% down by 57 bps YoY.
- Gross NPA ratio at 14% down by 136 bps YoY.
- Provision Coverage Ratio (PCR) at 12% improved by 490 bps YoY, PCR (Incl. AUCA) stands at 91.52%.
- Slippage Ratio for Q3FY23 stands at 41%
- Credit Cost for Q3FY23 at 21%; improved by 28 bps YoY.
Capital Adequacy
- Capital Adequacy Ratio (CAR) as at the end of Q3FY23 stands at 27%.
Alternate Channels
- 64% of SB accounts and 41% of retail asset accounts acquired digitally through
- Share of Alternate Channels in total transactions increased from 3% in 9MFY22 to 97.2% in 9MFY23.
Key Summary of Q3FY23 Results
| In Rs Crores | Q3FY22 | Q2FY23 | Q3FY23 | YoY % | QoQ % | 9MFY22 | 9MFY23 | YoY % |
| Profit & Loss | ||||||||
| Interest Income | 69,678 | 79,860 | 86,616 | 24.31 | 8.46 | 2,04,724 | 2,39,152 | 16.82 |
| Interest Expenses | 38,991 | 44,676 | 48,547 | 24.51 | 8.67 | 1,15,214 | 1,34,704 | 16.92 |
| Net Interest Income | 30,687 | 35,183 | 38,069 | 24.05 | 8.20 | 89,510 | 1,04,448 | 16.69 |
| NIM, % (Domestic) | 3.40 | 3.55 | 3.69 | 29 bps | 14 bps | 3.35 | 3.49 | 14 bps |
| Operating Profit | 18,522 | 21,120 | 25,219 | 36.16 | 19.41 | 55,576 | 59,092 | 6.33 |
| Loan loss provisions | 3,096 | 2,011 | 1,586 | -48.76 | -21.11 | 10,825 | 7,865 | -27.34 |
| Profit after tax | 8,432 | 13,265 | 14,205 | 68.47 | 7.09 | 22,562 | 33,538 | 48.64 |
| In Rs Crores | Dec 21 | Sep 22 | Dec 22 | YoY % | QoQ % |
| Balance Sheet | |||||
| Gross advances | 26,64,602 | 30,35,071 | 31,33,565 | 17.60 | 3.25 |
| Domestic Corporate | 7,83,379 | 9,17,016 | 9,25,038 | 18.08 | 0.87 |
| Domestic Retail Personal | 9,52,189 | 10,74,853 | 11,24,519 | 18.10 | 4.62 |
| Of which: Home loans | 5,38,475 | 5,94,292 | 6,13,196 | 13.88 | 3.18 |
| Deposits | 38,47,794 | 41,90,255 | 42,13,557 | 9.51 | 0.56 |
| Domestic CASA | 17,00,688 | 17,97,752 | 18,00,677 | 5.88 | 0.16 |
| Domestic Term Deposits | 20,17,823 | 22,30,260 | 22,47,472 | 11.38 | 0.77 |
| CASA Ratio (%) | 45.74 | 44.63 | 44.48 | -126 bps | -15 bps |
| GNPA | 1,20,029 | 1,06,804 | 98,347 | -18.06 | -7.92 |
| NNPA | 34,540 | 23,572 | 23,484 | -32.01 | -0.37 |
|
Ratios, % |
Q3FY22 |
Q2FY23 |
Q3FY23 |
YoY,
bps |
QoQ,
bps |
9MFY22 |
9MFY23 |
YoY,
bps |
| Asset Quality | ||||||||
| GNPA | 4.50 | 3.52 | 3.14 | -136 | -38 | 4.50 | 3.14 | -136 |
| NNPA | 1.34 | 0.80 | 0.77 | -57 | -3 | 1.34 | 0.77 | -57 |
| PCR (with AUCA) | 88.32 | 91.54 | 91.52 | 320 | -2 | 88.32 | 91.52 | 320 |
| PCR (without AUCA) | 71.22 | 77.93 | 76.12 | 490 | -181 | 71.22 | 76.12 | 490 |
| Slippage Ratio | 0.37 | 0.33 | 0.41 | 4 | 8 | 1.16 | 0.72 | -44 |
| Credit Cost | 0.49 | 0.28 | 0.21 | -28 | -7 | 0.57 | 0.37 | -20 |
| Capital Ratios | ||||||||
| CET-1 ratio | 9.38 | 9.53 | 9.26 | -12 | -27 | 9.38 | 9.26 | -12 |
| Tier-1 ratio | 10.91 | 11.12 | 10.80 | -11 | -32 | 10.91 | 10.80 | -11 |
| CAR | 13.23 | 13.51 | 13.27 | 4 | -24 | 13.23 | 13.27 | 4 |
