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| Key Highlights (3 Months ended)
(June 2021 V/s June 2022) |
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| Net Profit stood at Rs2022 Cr against Net Profit of Rs1177Cr for June-2021
Operating Profit stood at Rs.6606Crand grew by 20.53% Non-Interest Income grew by24.55% Fee based income grew by17.95% Cost to Income Ratiodeclined by 210 bps Global Business grew by 11.45% Gross Advances grew by 14.47% Agricultural & Allied Credit grew by 18.42% Retail Credit grew by 11.56% with Housing loan at16.03% RAM Credit grew by 14.85%, it constitutes 56% of Total Advances Gold Loan grew by 26.20%, it crossed Rs 100000 Cr milestone CASA Deposits increased by 8.76% Retail term deposit grew by6.15% Gross NPA Ratio down by 152 bps Net NPA Ratio down by 98 bps Provision Coverage Ratio (PCR) at 84.51% improved by 333 bps CRAR stood at 14.91% as at June2022. Out of which Tier-I is 12.13% and Tier-II is 2.78% Return on Assets improved to 0.65% for Q1FY23 against 0.41% for Q1FY22
Return on Equity improved to 16.33% for Q1FY23 against 11.53% for Q1FY22 |
Key Summary of Business Performance (as on 30.06.2022)
Business
- Global Business increased by 11.45% (y.o.y) to Rs 1901776 Cr as at June 2022 with Global Deposits at Rs1118122 Cr 9.42% (y.o.y) and Global Advance (gross) at Rs783654Cr14.47%(o.y)
- Domestic Deposit of the Bank stood at Rs1052907Cr as at June 2022 with growth of 8.49%(y.o.y)
- Domestic Advances (gross) of the Bank stood at Rs748140 Cr as at June 2022 grew by13.14%(y.o.y)
- Retail lending Portfolio increased 11.56% (y.o.y) to Rs128615Cr as at June2022
- Housing Loan Portfolio increased 16.03% y.o.y to Rs75578Cr
- Advances to Agriculture grew by 18.42% (y.o.y) to Rs185680 Cr as at June2022
Asset Quality
- Gross Non-Performing Assets (GNPA) ratio stood at6.98% as at June 2022as against 7.51% at March 2022, 8.50% as at June 2021.
- Net Non-Performing Assets (NNPA) ratio stood at 2.48% as at June 2022as against 2.65% as at March 2022,3.46% as at June 2021.
- Provision Coverage Ratio (PCR) improved to 84.51% as at June 2022 from 81.18% as at June2021.
Capital Adequacy
- CRAR stood at 14.91% as at June 2022 (14.90% as at March 2022). Out of which Tier-I is 12.13% (11.91% as at March 2022), CET1 is 10.49% (10.26% as at March 2022) and Tier-II is 2.78% (2.99% as at March 2022).
- The Capital Raising Plan for FY-23:
AT-1 Bonds : Rs.5500 Cr
Tier II Bonds : Rs.3500Cr
Priority Sector & Financial Inclusion
- The Bank has achieved Targets in Priority Sector at 51.32% and Agricultural Credit at24.22% of ANBC as at June 2022, as against the norm of 40% and 18%respectively
- Credit to small and marginal farmers stood at 18.20% of ANBC, against the norm of 9.50%
- Credit to Weaker Sections stood at 24.25% of ANBC, against the norm of11.50%
Network
- As on 30.06.2022, the Bank has 9732Domestic Branches, out of which3041 are Rural, 2751 Semi- Urban,1997 Urban &1943 Metro along with 10802ATMs. Bank is also having 3 overseas branches in London, Dubai and New York.
