Net Profit up by 200.22% YoY. Operating Profit up by 21.91% YoY Global Business surpassed 17,15,000 crore
FINANCIAL RESULTS FOR THE QUARTER ENDED 30th SEPTEMBER 2021
Key Highlights (September 2020 V/s September 2021)
Net Profit stood at Rs.1333 cr against Net profit of Rs.444 cr for September 2020.Operating Profit stood at Rs. 5604 cr grew by 21.91%.Treasury Income grew by 95.10%.Non-Interest Income grew by 37.54%.Fee based income grew by 20.02%.Cash Recovery grew by 90.32%.Cost to Income Ratio improved by 307 bps.Global Business grew by 7.61%.Domestic Business grew by 6.84%.CASA Deposits increased by 12.04%Savings Bank Deposits grew by 12.17%Retail Credit grew by 10.46% with Housing loan at 14.21%.RAM constitutes 56.90% of Total Advances.Net NPA Ratio stood at 3.21% down by 21 bps.Provision Coverage Ratio (PCR) at 82.44% improved by 96 bps.CRAR stood at 14.37% as at Sep 2021 against 12.77% as at Sep 2020.CET1 stood at 10.09% as at Sep 2021. Bank has raised QIP to the tune of Rs. 2500 Cr during Q2FY22.Return on Equity stood at 12.36% against 4.82% as at Sep 2020 |
Key Summary of Business Performance (as on 30.09.2021)
Business
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Global Business increased by 7.61% (y.o.y) to Rs 1719350 Cr as at Sep 2021 with Global Deposits at Rs 1032536 Cr 8.83% (y.o.y) and Global Advance (gross) at Rs 686813 Cr 5.83% (o.y)
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Domestic Deposit of the Bank stood at Rs 980337 Cr as at Sep 2021 with growth of 7.61% (y.o.y)
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Domestic Advances (gross) of the Bank stood at Rs 662991 Cr as at Sep 2021 grew by 5.71% (y.o.y)
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Retail lending Portfolio increased 10.46% (y.o.y) to Rs 119138 Cr as at Sep 2021
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Housing Loan Portfolio increased 14.21% y.o.y to Rs 67386 Cr
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Vehicle Loan portfolio increased 8.38% y.o.y to Rs 13697 Cr
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Advances to Agriculture grew by 13.92% (y.o.y) to Rs 161632 Cr as at Sep 2021
Asset Quality
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Gross Non-Performing Assets (GNPA) ratio reduced to 8.42% as at Sep 2021 down from 8.50% as at June 2021, 8.93% at March 2021.
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Net Non-Performing Assets (NNPA) ratio reduced to 3.21 % as at Sep 2021 down from 3.46% as at June 2021, 3.82% as at March 2021.
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Provision Coverage Ratio (PCR) stood at 82.44% as at Sep 2021 against 81.18% as at June
Capital Adequacy
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CRAR stood at 14.37% as at Sep 2021. Out of which Tier-I is 11.41% and Tier-II is 2.96 %
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Bank successfully raised capital during FY22 through:
QIP Equity : Rs.2500 Cr
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The Capital Raising Plan for FY-22:
AT-1 Bonds : Rs.4000 Cr
Tier II Bonds : Rs.2500 Cr
Priority Sector & Financial Inclusion
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The Bank has achieved Targets in Priority Sector at 46.27% and Agricultural Credit at 20.49% of ANBC as at Sep 2021, as against the norm of 40% and 18%
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Credit to small and marginal farmers stood at 13.34% of ANBC, against the norm of 9%.
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Credit to Weaker Sections stood at 19.64% of ANBC, against the norm of 11%
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Bank has opened 139 lakhs accounts under PMJDY and mobilised CASA deposits of Rs 6089 Cr as at Sep 2021
Network
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As on 30.09.2021, the Bank has 9800 Number of Branches, out of which 3037 are Rural, 2796 Semi- Urban, 1971 Urban & 1996 Metro along with 10988 ATMs.
