- பொது

SBI Q1FY21 RESULTS!

Highlights

 

·      Bank has delivered a strong performance in Q1FY21 with all round improvement in Profitability, Capital Adequacy and Provision Coverage Ratio, including Additional Provision over Minimum Regulatory Provisions required.

·      Bank registered a Net Profit of Rs.4,189Crores in Q1FY21, an increase of 81% over Q1FY20.

·      Operating Profitincreased to Rs. 18,061 Crores in Q1FY21 from Rs.13,246 Crores in Q1FY20, an increase of 36.35% YoY.

·      Net Interest Income of the Bankgrew by 16.14% YoY during Q1FY21.

·      Domestic Net Interest Margin (NIM) improved to 3.24% in Q1FY21, registering an increase of 23 bps YoY.

·      Non-Interest Income for Q1FY20 at Rs. 9,497Cr is up by 18.49% YoY.

·      Total Deposits grew at 15.96% YoY, out of whichCurrent Account Deposit grewby12.98% YoY, while Saving Bank Deposits grew by 17.29% YoY.

·      Credit Growthstood at 6.58% YoY, mainly driven by Retail(Personal) Advances (12.85% YoY)and Foreign Office Advances (11.19% YoY).

·      Home loan, which constitutes 22% of Bank’s domestic advances, has grown by 10.72% YoY.

·      Net NPA ratio at 1.86% isdown 121 bps YoY and 37 bps QoQ.Gross NPAratioat 5.44%is down 209 bps YoY and 71 bps QoQ.

·      Provision Coverage Ratio(PCR)hasimproved to 86.32%, up 698 bps YoY and 270 bps QoQ.

·      Slippages Ratiofor Q1FY21 has declined to 0.60% from 2.83% as at the end of Q1FY20.

·      Credit Cost as at the end of Q1FY21has declined 47 bps YoY to 1.56%.

·      Cost to Income Ratiohas improved from 57.21% in Q1FY20 to 50.02% in Q1FY21, an improvement of 719 bps.

·      Capital Adequacy Ratio (CAR)has improved by 51 bps YoY to 13.40% as onJune 2020.

·      Return on Assets(RoA) increased by 17 bps YoY to 0.42% in Q1FY21 against 0.25% in Q1FY20.

·      Share of Alternate Channels in total transactionshas increased from 90% in Q1FY20 to 93% in Q1FY21.

 Key Summary of Q1FY21Results

In Rs Crore Q1FY20 Q4FY20 Q1FY21 YoY % QoQ %  
Profit & Loss
Interest Income 62,638 62,681 66,500 6.17 6.09  
Interest Expenses 39,699 39,914 39,859 0.40 -0.14  
Net Interest Income 22,939 22,767 26,642 16.14 17.02  
NIM, % (Domestic) 3.01 2.94 3.24 23 bps 30 bps  
Operating Profit 13,246 18,465 18,061 36.35 -2.19  
Loan loss provisions 11,648 11,894 9,420 -19.13 -20.79  
Profit after tax 2,312 3,581 4,189 81.18 16.99  

 

In Rs Crore Jun 19 Mar 20 Jun 20 YoY % QoQ %
Balance Sheet
Gross advances 22,38,294 24,22,845 23,85,639 6.58 -1.54
  Domestic Corporate 7,82,603 8,44,215 8,09,322 3.41 -4.13
     Domestic Retail PER 6,63,559 7,47,589 7,48,800 12.85 0.16
Of which: Home loans 4,11,360 4,55,865 4,55,443 10.72 -0.09
Deposits 29,48,821 32,41,621 34,19,363 15.96 5.48
  Domestic CASA 12,84,401 14,10,981 14,98,718 16.69 6.22
  Domestic Term Deposits 15,66,228 17,13,635 18,06,840 15.36 5.44
CASA Ratio (%) 45.06 45.16 45.34 28 bps 18 bps
Gross NPA 1,68,494 1,49,092 1,29,661 -23.05 -13.03
Net NPA 65,624 51,871 42,704 -34.93 -17.67
Slippages (During the Quarter) 16,212 8,105 3,637 -77.57 -55.13

 

Ratios, % Q1FY20 Q4FY20 Q1FY21 YoY, bps QoQ, bps
Asset Quality
GNPA 7.53 6.15 5.44 -209 -71
NNPA 3.07 2.23 1.86 -121 -37
PCR (with AUCA) 79.34 83.62 86.32 698 270
PCR (without AUCA) 61.05 65.21 67.07 602 186
Slippage Ratio 2.83 1.41 0.60 -223 -81
Credit cost 2.03 2.07 1.56 -47 -51
Capital Ratios
CET-1 9.61 9.77 10.14 53 37
Tier-1 10.65 11.33 11.35 70 2
CAR 12.89 13.06 13.40 51 34

 

About expressuser

Read All Posts By expressuser

Leave a Reply

Your email address will not be published. Required fields are marked *