Highlights· Bank has registered its highest quarterly Net Profit of Rs. 9,114crores in Q4FY22, witnessing a growth of41.28% YoY. Net profit for FY22 grew by 55.19% YoY to Rs. 31,676 crores.· Return on Equity(RoE)as at the end of FY22 stands at 13.92% which is higher by 398 bps YoY.· Domestic NIM for Q4FY22increased by 29 bps YoY at 3.40%.· Net Interest Income(NII)for Q4FY22 increased by 15.26% YoY.· Operating Profitfor FY22 grew by 5.22% YoY to Rs. 75,292 crores; while Operating Profit for Q4FY22 atRs. 19,717crores.· Whole Bank Advances grew by 11.00% YoY.Domestic Advancesgrowth stood at 10.27% YoY primarily driven by growth in Retail Personal Advances (15.11% YoY). Foreign Office Advances grew by 15.42% YoY.· Retail Portfolio crosses Rs. 10 lakh crore.· Home loan, which constitutes ~23% of Bank’s domestic advances, has grown by 11.49% YoY.· CorporateLoanshas also registered growth of 11.15% QoQ during Q4FY22.· Total Deposits grew at 10.06% YoY.Saving Bank Deposits grew by 10.45% YoY while Term Deposit grew by 11.54% YoY.· CASA Deposit grew by 7.78% YoY with CASA ratio of 45.28% as on 31st March 22.· Gross NPA ratiodown by 101 bps YoY at 3.97%,while Net NPA ratiodown by 48 bps YoYat 1.02%.· Provision Coverage Ratio(PCR) improved by 416 bps YoY at 75.04%.PCR (Incl. AUCA) stands at 90.20%.· Slippage Ratio for Q4FY22stands at0.43%.· Credit CostforQ4FY22stands at 0.49%.· Cost to Income Ratio for FY22 down by 29 bps YoY at 53.31%.Cost to Income Ratiois lower by 27bps YoY at 54.23% during Q4FY22.· Capital Adequacy Ratio (CAR)as at the end of Q4FY22 stands at 13.83%· Return on Assets(RoA)increased by 19 bps YoY to 0.67%.· Share of Alternate Channels in total transactionshas increased from 93.2% in FY21 to 95.5% in FY22.
Key Summary of Q4FY22Results
In Rs Crores
Q4FY21
Q3FY22
Q4FY22
YoY %
QoQ %
FY21
FY22
YoY %
Profit & Loss
Interest Income
65,102
69,678
70,733
8.65
1.51
2,65,151
2,75,457
3.89
Interest Expenses
38,035
38,991
39,535
3.95
1.40
1,54,441
1,54,750
0.20
Net Interest Income
27,067
30,687
31,198
15.26
1.66
1,10,710
1,20,708
9.03
NIM, % (Domestic)
3.11
3.40
3.40
29 bps
0 bps
3.26
3.36
10 bps
Operating Profit
19,700
18,522
19,717
0.08
6.45
71,554
75,292
5.22
Loan loss provisions
9,914
3,096
3,262
-67.10
5.35
27,244
14,087
-48.29
Exceptional Items*
7,418
Profit after tax
6,451
8,432
9,114
41.28
8.08
20,410
31,676
55.19
*Provisions on account of change in family pension rules