FY20 Highlights:
- Key Highlights for FY20:
- Advances^:
- Disbursement for FY20 grew 15.54% YoY to Rs. 99,110.73 Mn from Rs. 85,783.11 Mn in FY19
- Advances^ as of March 31, 2020 grew 31.29% YoY to Rs. 1,53,669.45 Mn
- Liabilities:
- Deposits excluding CD at Rs. 1,02,999.91 Mn, growth of 25.69% YoY
- Retail TD at Rs. 38,112.87 Mn as on 31st March 2020, growth of 132.93% YoY
- CASA stood at Rs. 22,082.13 Mn, CASA as a % of Total Deposits at 21.44%
- Key Ratios:
- Cost to Income* improved by 390 basis points from 70.30% in FY19 to 66.38% in FY20
- RoA^ and RoE# for FY20 at 1.39% and 9.84% respectively vs. 1.45% & 9.85% in FY19
^Advances = Gross Advances including IBPC issued |NIM = Net interest income as a % of avg. income earning assets | Total Deposits = Deposits excluding CD| *Cost to income ratio is calculated as a ratio of Operating expenses divided by Net Operating Income (Net Operating Income is a sum of net interest income and other income) ^RoA – ratio of the net profit for the period/year total average assets | #Ratio of the net profit for the period/ to the average shareholders’ Equity | $GNPA including IBPC
- Capital:
- As of March 31, 2020 Total CRAR at 23.61% and Tier-I CRAR of 22.44%; Well above minimum regulatory requirements of 15% and 7.5%
- Tier II Capital at 1.17%
- Liquidity:
- Bank has undertaken Inter-Bank Participation Certificates (IBPCs) with a mix of PSL/Non-PSL advances which further enhances the liquidity of the Bank
- Liquidity Coverage Ratio (LCR)$ as on 31.03.2020 at 132.2% much above the minimum regulatory requirement of LCR at 90%
- Profit & Loss:
- Net Interest Income for FY20 at Rs. 14,953.06 Mn as against Rs. 11,517.34 Mn in FY19, growth of 29.83%, NIM* at 9.11%
- PBT before provisions and write off for FY20 at Rs. 5,975.79 Mn as against Rs. 4,261.45 Mn in FY19, growth of 40.23%
- Provisions for FY20 at Rs. 2,466.39 Mn, including Rs. 996.30 Mn COVID-19 provision (including Rs. 29.8 Mn representing the minimum provision of 10% on standard assets availing moratorium where asset classification benefit is extended. The provision held by banks are in excess of the RBI prescribed norms.
- PAT for FY20 at Rs. 2,436.35 Mn as against Rs. 2,105.66 Mn in FY19, growth of 15.70%
- Cost to Income* improved by 390 basis points from 70.30% in FY19 to 66.38% in FY20
- RoA^ and RoE# for FY20 at 1.39% and 9.84% respectively vs. 1.45% & 9.85% in FY19
- Balance Sheet:
- Advances^ as of March 31, 2020 grew 31.29% YoY to Rs. 1,53,669.45 Mn
- Micro Finance grew by 17.81% YoY from Rs. 30,696.02 Mn in FY19 to Rs. 36,161.60 Mn in FY20
- Small Business Loans (Incl. HF) grew by 37.19% YoY from Rs. 45,771.21 Mn in FY19 to Rs. 62,794.36 Mn in FY20
- Vehicle Finance grew by 27.41% YoY from Rs. 29,511.97 Mn in FY19 to Rs. 37,599.72 Mn in FY20
- MSE Finance grew by 270.12% YoY from Rs. 1,808.61 Mn in FY19 to Rs. 6,694.10 Mn in FY20
- Corporate Loans grew by 79.43% YoY from Rs. 4,559.65 Mn in FY19 to Rs. 8,181.19 Mn in FY20
^Advances = Gross Advances including IBPC issued |NIM = Net interest income as a % of avg. income earning assets | Total Deposits = Deposits excluding CD| *Cost to income ratio is calculated as a ratio of Operating expenses divided by Net Operating Income (Net Operating Income is a sum of net interest income and other income) ^RoA – ratio of the net profit for the period/year total average assets | #Ratio of the net profit for the period/ to the average shareholders’ Equity | $GNPA including IBPC | $ – LCR as on 31.03.2020
- Disbursements for the year grew 15.54% YoY to Rs. 99,110.73 Mn
- 75.39% of the overall advances^ is secured loans
- Liabilities & Branch Banking:
- Deposits excluding CD at Rs. 1,02,999.91 Mn, growth of 25.69% YoY
- Retail TD at Rs. 38,112.87 Mn as on 31st March 2020, growth of 132.93% YoY
- CASA stood at Rs. 22,082.13 Mn, CASA as a % of Total Deposits at 21.44%
- Asset Quality:
- GNPA$ at 2.72% in FY20 as compared to 2.53% in FY19
- NNPA at 1.66% in FY20 as compared to 1.44% in FY19
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