Highlights
Balance Sheet
· Bank’sBalanceSheetsizecrosses Rs. 50lakhcrores.
- Creditgrowth93%YoY.DomesticAdvancesgrewat13.66%YoYandForeignOffices’Advancesgrewby22.39%YoY.
- DomesticAdvancesgrowthdrivenbyRetailPersonalAdvances(18.58%YoY),outof which HomeLoangrew by 13.77%YoY.
- CorporateLoan57%;SMEandAgriloanshavealsoregisteredYoYgrowthof10.01%and9.82%respectively.
- WholeBankDeposits73%YoY,outofwhichCASADepositgrewby6.54%YoY.CASA ratiostandsat45.33%as on30th June 22.
Profitability
- 12,753croresasagainstRs.18,975croresinQ1FY22,impacted byMTMLosses oninvestmentbook.
- 6,068croresasagainst Rs.6,504croresinQ1FY22.
- TheMTMhitalsohadanadverseimpactonbank’sROAandROE,whichstandat0.48%and 10.09%respectively.
- ExcludingTradingIncomeandMTM,39%YoY,fromRs.16,873croresinQ1FY22toRs.19,302 croresinQ1FY23.
- NetInterestIncome(NII)87%YoY.
- Domestic NIMforQ1FY23 increasedby 8bpsYoYto 3.23%.
AssetQuality
- GrossNPAratio91%,whileNetNPAratiodownby77bps YoY at1.00%.
- ProvisionCoverageRatio(PCR)improvedby719bpsYoYat05%.PCR(Incl.AUCA) standsat 90.14%.
- SlippageRatiofor Q1FY23standsat 1.38%;improvedby109bps YoY.
- CreditCostforQ1FY23standsat 0.61%;improvedby18bpsYoY.
CapitalAdequacy
- CapitalAdequacyRatio(CAR)as attheendofQ1FY23standsat13.43%.
AlternateChannels
- 65%ofSBaccountsand38%ofretailassetaccountsacquireddigitallythroughYONO.
- 1%inQ1FY22to96.6%inQ1FY23.
KeySummary ofQ1FY23Results
| Rs inCrores | Q1FY22 | Q4FY22 | Q1FY23 | YoY % | QoQ% |
| Profit & Loss |
| InterestIncome | 65,564 | 70,733 | 72,676 | 10.85 | 2.75 |
| InterestExpenses | 37,926 | 39,535 | 41,480 | 9.37 | 4.92 |
| NetInterestIncome | 27,638 | 31,198 | 31,196 | 12.87 | -0.01 |
| NIM,%(Domestic) | 3.15 | 3.40 | 3.23 | 8bps | -17bps |
| OperatingProfit | 18,975 | 19,717 | 12,753 | -32.79 | -35.32 |
| Loanlossprovisions | 5,030 | 3,262 | 4,268 | -15.14 | 30.86 |
| Profitaftertax | 6,504 | 9,114 | 6,068 | -6.70 | -33.42 |
| Rsin Crores | Jun21 | Mar 22 | Jun22 | YoY % | QoQ% |
| BalanceSheet |
| Grossadvances | 25,23,793 | 28,18,671 | 29,00,636 | 14.93 | 2.91 |
| DomesticCorporate | 7,90,494 | 8,70,712 | 8,74,014 | 10.57 | 0.38 |
| DomesticRetailPersonal | 8,72,104 | 10,02,303 | 10,34,111 | 18.58 | 3.17 |
| Ofwhich:Homeloans | 5,05,473 | 5,61,651 | 5,75,075 | 13.77 | 2.39 |
| Deposits | 37,20,987 | 40,51,534 | 40,45,696 | 8.73 | -0.14 |
| Domestic CASA | 16,59,234 | 17,75,084 | 17,67,666 | 6.54 | -0.42 |
| DomesticTermDeposits | 19,50,107 | 21,45,117 | 21,32,185 | 9.34 | -0.60 |
| CASA Ratio (%) | 45.97 | 45.28 | 45.33 | -64 bps | 5bps |
| GNPA | 1,34,259 | 1,12,023 | 1,13,272 | -15.63 | 1.11 |
| NNPA | 43,153 | 27,966 | 28,258 | -34.52 | 1.04 |
| Ratios,% | Q1FY22 | Q4FY22 | Q1FY23 | YoY, bps | QoQ,bps |
| AssetQuality |
| GNPA | 5.32 | 3.97 | 3.91 | -141 | -6 |
| NNPA | 1.77 | 1.02 | 1.00 | -77 | -2 |
| PCR(InclAUCA) | 85.93 | 90.20 | 90.14 | 421 | -6 |
| PCR | 67.86 | 75.04 | 75.05 | 719 | 1 |
| SlippageRatio | 2.47 | 0.43 | 1.38 | -109 | 95 |
| CreditCost | 0.79 | 0.49 | 0.61 | -18 | 12 |
| CapitalRatios |
| CET-1ratio | 9.91 | 9.94 | 9.72 | -19 | -22 |
| Tier-1ratio | 11.32 | 11.42 | 11.15 | -17 | -27 |
| CAR | 13.66 | 13.83 | 13.43 | -23 | -40 |
