Mumbai, May 03, 2022: The Board of Directors of IDBI Bank Ltd. (IDBI Bank) met in Mumbai today and approved the financial results for the Quarter and Financial Year ended March 31, 2022.
IDBI Bank Ltd
Key Summary for Q4 & FY 2022 Results
P&L Highlights | ||||||
(INR in Crore) | Q4FY22(3M) | Q3FY22(3M) | Q4FY21(3M) | FY22(12 M) | FY21(12 M) | |
Interest Income | 4600 | 4,625 | 5781 | 18295 | 19938 | |
Non-Interest Income | 844 | 1,138 | 1113 | 4690 | 4559 | |
Net Interest Income | 2420 | 2,383 | 3240 | 9162 | 8524 | |
Operating Profit | 1513 | 1,768 | 2816 | 7495 | 7035 | |
Provisions | 823 | 1,189 | 2304 | 5056 | 5676 | |
Profit/(loss) after Tax | 691 | 578 | 512 | 2439 | 1359 | |
Basic EPS (INR) | 0.64 | 0.54 | 0.48 | 2.27 | 1.30 | |
Key P&L Ratios – for cumulative period | ||||||
Mar-22(12M) | Dec-21(9M) | Mar-21(12M) | Growth %y-o-y | |||
Return on Assets1 | 0.84% | 0.81% | 0.46% | 38 bps | ||
Return on Equity1 | 13.60% | 13.17% | 10.06% | 354 bps | ||
NIM1 | 3.73% | 3.65% | 3.38% | 35 bps | ||
Cost to Net Income Ratio | 45.89% | 43.50% | 46.23% | (34 bps) | ||
Non-Interest Income to Total Income | 20.40% | 21.92% | 18.62% | 178 bps | ||
Balance Sheet Highlights | ||||||
(INR in Crore) | 31-Mar-22 | 31-Dec-21 | Growth %q-o-q | 31-Mar-21 | Growth %y-o-y | |
Gross Advances | 1,78,207 | 1,67,317 | 6.51% | 1,61,901 | 10.07% | |
Deposits | 2,33,134 | 2,22,570 | 4.75% | 2,30,852 | 0.99% | |
Shareholders’ Funds | 41,662 | 38,560 | 8.04% | 36,811 | 13.18% | |
Total Balance Sheet | 3,01,419 | 2,91,249 | 3.49% | 2,97,764 | 1.23% | |
Key Balance Sheet Ratios | ||||||
Capital Adequacy | 19.06% | 16.75% | 231 bps | 15.59% | 347 bps | |
CET I Ratio | 16.68% | 14.13% | 255 bps | 13.06% | 362 bps | |
Gross NPA | 19.14% | 20.56% | (142 bps) | 22.37% | (323 bps) | |
Net NPA | 1.27% | 1.70% | (43 bps) | 1.97% | (70 bps) | |
Provision Coverage ratio | 97.63% | 97.10% | 53 bps | 96.90% | 73 bps | |
CASA Ratio | 56.77% | 54.69% | 208 bps | 50.44% | 633 bps | |
1- Annualized
Note:
§ Previous periods figures have been regrouped / restated (wherever necessary)
§ During Q4 FY2021, Bank had received interest of ₹1,313 crore on Income Tax Refund.
§ Provision declined by 64% y-o-y to ₹823 in Q4-2022 from ₹2,304 crore for Q4-2021 and ₹1,189 crore for Q3-2022.
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