• Q1 FY21
  • Quarter-1 Results 2020-21

Experience open QUARTER-1 RESULTS 2020-21

* During Q1FY21 quarter, we have reviewed our accounting practices and revised them to achieve more prudent outcomes. The broad areas where changes were implemented in the current quarter were (i) Fee and expense recognition; (ii) Provisions on Standard Investments and red flagged accounts

Snapshot (As on June 30th, 2020) (in ` Crores)

Profit & Loss Q1FY21 YOY Growth
Net Interest Income 0 0%
Fee Income 0 (0%)
Operating Expenses 0 (0%)
Operating Profit 0 (0%)
Net Profit 0 (0%)
Balance Sheet Q1FY21 YOY Growth
Total Assets 0 0%
Net Advances 0 0%
Total Deposits 0 0%
Shareholders' Funds 0 0%
Key Ratios Q1FY21 Q1FY20
Diluted EPS* (in `) 0.79 0.14
Book Value per share (in `) 0 0
ROA* 0.48% 0.69%
ROE* 0.74% 0.19%
Gross NPA Ratio 4.72% 5.25%
Net NPA Ratio 1.23% 2.04%
Basel III Tier I CAR1 0.62% 0.90%
Basel III Total CAR1 0.47% 0.06%

* Annualised
1 including profit for Q1

Steady operating performance, net profit (1) up 19% YOY:

  • Net Interest Income in Q1FY21 grew by 20% YOY to `6,985 crores; NIM was 3.40%
  • Operating profit for Q1FY21 de-grew by 1% YOY to `5,844 crores
  • Adjusted for accounting policy changes and NII reserves created during the quarter, NII, operating profit and PAT for the quarter would have been `7,100 crores, `6,151 crores and `1,626 crore respectively, growing by 22%, 4% and 19% YOY, respectively

Growth in Deposits continues to drive Loan growth:

  • Total deposits grew 19% YOY on Quarterly Average Basis (QAB)
  • Savings Account deposits grew 15% YOY, Current Account deposits grew by 8% YOY and Retail Term Deposits (RTD) were up 27% YOY on QAB basis. CASA ratio was 39% on QAB basis
  • Including TLTRO investments, loan book and Corporate loans grew 17% & 26%; Retail loans up 16%

Strong Capital position with adequate liquidity buffers:

  • Overall Capital adequacy at 17.47% with Common Equity Tier 1 ratio of 13.50% at the end of Q1FY21 including profit
  • Average Liquidity Coverage Ratio during Q1FY21 of 120%, with excess SLR of `26,640 Crores

Sustained and continuous strengthening and de-risking of Balance Sheet, visible through improving Asset quality metrics, consistent build-up of additional provisions:

  • GNPA and NNPA declined to 4.72% and 1.23%, from 4.86% and 1.56%, respectively on QOQ basis
  • Our PCR* improved to 75% from 69% at March'20
  • Additional provisions held by the Bank at `6,898 crore, including provided during the quarter `915 crores
  • Including additional provisions, standard asset coverage ratio of 1.56%
  • Including all provisions (specific + standard + additional + Covid) coverage stands at 104% of GNPA

Among the top players in the digital space:

  • Mobile banking spends grew 174% YOY
  • Market share in UPI transactions stood at 19% for Q1FY21; quarterly transactions up 163% YOY
  • Share of digital channels in sourcing fixed deposits and personal loan disbursements stood at 75% and 65%, respectively in Q1FY21

1 Like for like comparison
* PCR excluding technical write-offs