HighlightsProfitability· Highest ever quarterly Net Profit at Rs. 13,265 crores; grew by 73.93% YoY.· Operating Profit for Q2FY23 at Rs. 21,120 crores; grew by 16.82% YoY.· ROA at 1.04% for the quarter improved by 38 bps YoY.· Bank’s ROA and ROE for the half year stand at 0.76% and 16.08% respectively.· Net Interest Income (NII) for Q2FY23 increased by 12.83% YoY.· Domestic NIM for Q2FY23 increased by 5 bps YoY to 3.55%. Balance Sheet· Credit growth at 19.93% YoY with Domestic Advances growing by 18.15% YoY.· Foreign Offices’ Advances grew by 30.14% YoY.· Domestic Advances growth driven by Corporate Advances (21.18% YoY) followed by Retail Personal Advances which grew by 18.84% YoY.· REH Advances cross Rs. 6 lakh crores.· SME and Agri loans have registered YoY growth of 13.24% and 11.00% respectively.· Whole Bank Deposits grew at 9.99% YoY, out of which CASA Deposit grew by 5.35% YoY. CASA ratio stands at 44.63% as on 30th September 22.Asset Quality· Net NPA ratio falls below 1%, stands at 0.80% down by 72 bps YoY.· Gross NPA ratio at 3.52% down by 138 bps YoY.· Provision Coverage Ratio (PCR) at 77.93% improved by 788 bps YoY, PCR (Incl. AUCA) stands at 91.54%.· Slippage Ratio for Q2FY23 at 0.33% improved by 33 bps YoY.· Credit Cost for Q2FY23 at 0.28%; improved by 15 bps YoY. Capital Adequacy· Capital Adequacy Ratio (CAR) as at the end of Q2FY23 stands at 13.51%. Alternate Channels· 62% of SB accounts and 45% of retail asset accounts acquired digitally through YONO.· Share of Alternate Channels in total transactions increased from 95.1% in H1FY22 to 96.8% in H1FY23.
