Strong growth across deposits and loans, robust operating performance, improving asset quality
Strong growth in granular deposits
Loan growth delivered in all business segments
Robust operating performance
Well capitalized with adequate liquidity buffers
Continue to maintain strong position in Payments and Digital space
Declining slippages and NPA's, moderating credit costs, limited restructuring
Key subsidiaries consistently delivered strong performance
1. SBB : Small Business Banking
2. NIM for Q3FY21 adjusted for interest on income tax refund of `153 crores, translating to 8 bps
3. including profit for 9MFY22
4. per IRAC
5. Coverage Ratio = Aggregate provisions (specific + standard + additional + Covid) / IRAC GNPA
QAB: Quarterly Average Balance
Snapshot (As on December 31st, 2021) (in ` Crores)
Profit & Loss | Absolute (in ` Crores) | YOY Growth | ||
---|---|---|---|---|
Q3FY22 | 9MFY22 | Q3FY22 | 9MFY22 | |
Net Interest Income | 8,653 | 24,313 | 17% | 12% |
Fee Income | 3,344 | 9,242 | 15% | 26% |
Operating Expenses | 6,331 | 17,034 | 25% | 31% |
Operating Profit2 | 6,162 | 18,276 | 17% | 5% |
Net Profit | 3,614 | 8,908 | 224% | 128% |
2 Prior year numbers are restated to reflect the change in presentation of provision for depreciation on investments as per guidelines issued by RBI in Aug 21 and reclassification of income from recoveries in written off accounts
Balance Sheet | Absolute (in ` Crores) | YOY Growth | ||
---|---|---|---|---|
Q3FY22 | ||||
Total Assets | 11,13,066 | 20% | ||
Net Advances | 6,64,866 | 17% | ||
Total Deposits^ | 7,71,670 | 20% | ||
Shareholders' Funds | 1,10,746 | 12% |
^ period end balances
Key Ratios | Absolute (in ` Crores) | |
---|---|---|
Q3FY22 / 9MFY22 | Q3FY21 / 9MFY21 | |
Diluted EPS* (in `) (Q3/9M) | 46.61 / 38.44 | 14.47 / 17.61 |
Book Value per share (in `) | 361 | 323 |
ROA* (Q3/9M) | 1.30% / 1.12% | 0.48% / 0.56% |
ROE* (Q3/9M) | 14.19% / 12.01% | 4.91% / 6.13% |
Gross NPA Ratio | 3.17% | 4.55%** |
Net NPA Ratio | 0.91% | 1.19%** |
Basel III Tier I CAR1 | 16.46% | 16.48% |
Basel III Total CAR1 | 18.72% | 19.31% |
* Annualised
1 including profit for 9MFY22
** as per IRAC norms; for like to like comparison
Net profit at `3,614 crores, up 224% YOY and 15% QOQ; Operating profit up 17% YOY & 4% QOQ
Loan growth delivered in all business segments
Strong growth in granular deposits
Retain strong positioning in Payments and Digital Banking
Well capitalized with adequate liquidity buffers
Declining loan slippages and NPA's, moderating credit costs, limited restructuring
Bank's domestic subsidiaries deliver strong performance, annualized profit4 closer to ~ `1,157 crore
* Net Interest Margins
^ NIM for Q3FY21 adjusted for interest on income tax refund of `153 crores, translating to 8 bps
1 QAB – Quarterly Average Balance
2 Statutory Liquidity ratio
3 (specific+ standard+ additional + Covid)
4 Figures of subsidiaries are as per Indian GAAP, as used for consolidated financial statements of the Group