Key Highlights Net profit for Q4 FY23 was at ₹1159 Crore and grew by 473.6% on YoY basis. Operating Profit was at ₹ 5866 Crore during Q4 FY23 grew by 11.4% on YoY basis. Net interest income increased by 30.05% YoY to ₹9499 Crore in Q4 FY’23.
Global NIM improved by 48 bps on YoY basis to 3.24% in Q4 FY23 from 2.76% in Q4 FY’22. GNPA ratio improved by 304 bps on YoY basis to 8.74% as on March’23 from 11.78% as on March’22. NNPA ratio improved by 208 bps on YoY basis to 2.72% as on March’23 from 4.80% as on March’22. Provision Coverage Ratio (including TWO) improved by 530 bps on YoY basis to 86.90% as on March’23 from 81.60% as on March’22. Credit Cost declined by 73 bps on YoY basis to 1.72% in Q4 FY’23. Global Business increased by ₹234522 Crore (12.14%) on YoY basis to ₹2165844 Crore as on March’23 as against ₹1931322 Crore as on March’22. Global deposits grew by 11.77% on YoY basis to ₹1281163 Crore as on March’23.
Global Advances grew by 12.68% on YoY basis to ₹884681 Crore as on March’23. RAM share improved by 408 bps on YoY basis to 55.31% as on March’23.
Business Performance in Key Parameters (March’23) Savings deposits increased to ₹463987 Crore as on March’23 from ₹451680 Crore as on March’22. Current deposits were at ₹74028 Crore as on March’23.
CASA Share (Domestic) stands at 43.0% as on March’23. Core Retail Advances grew YoY by 15.21% to ₹137335 Crore as on March’23. Within Core Retail Credit: Housing Loan increased by 10.92% on YoY basis to ₹81863 Crore. Vehicle loan increased by 30.62% on YoY basis to ₹16478 Crore. Personal Loan increased by 48.87% on YoY basis to ₹18152 Crore.
Agriculture Advances grew by 14.34% on YoY basis to ₹142105 Crore in March’23. MSME Advances grew by 4.12% on YoY basis to ₹130178 Crore in March’23 Net interest income was at ₹ 9499 Crore for Q4 FY’23 recording growth of 30.0% on YoY basis and ₹34492 Crore for FY’23 recording growth of 20.2% on YoY basis.
Total Income of the Bank for Q4 FY’23 was ₹27269 Crore and ₹97287 Crore for FY’23 recording growth of 29.3% and 11.6% respectively on YoY basis.
Total Interest Income of the Bank for Q4 FY’23 was at ₹23849 Crore and ₹85144 Crore for FY’23 recording growth of 27.9% and 13.7% respectively on YoY basis.
Non-interest income for Q4 FY’23 was at ₹3420 Crore and it grew by 39.6% on YoY basis.
Total Interest Expenses of the Bank for Q4 FY’23 was at ₹14350 Crore and ₹50652 Crore for FY’23 recording growth of 26.5% and 9.7% respectively on YoY basis.
Other Operating Expenses for Q4 FY’23 was at ₹2482 Crore and it grew by 6.5% on YoY basis.
Efficiency Ratio
Global Yield on Advances improved to 7.94% in Q4 FY’23 as compared to 6.64% in Q4 FY’22.
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Global Cost of Deposits increased to 4.54% in Q4 FY’23 as compared to 3.90% in Q4 FY’22.
Business per employee improved to ₹ 21.64 Crore in March’23 from ₹19.41 Crore in March’22..
Business per branch improved to ₹ 209.53 Crore in March’23 from ₹187.73 Crore in March’22.
Net profit per employee improved by 5.74 times to ₹4.82 lakh in Q4 FY’23 from ₹0.84 lakh in Q4 FY’22.
Net profit per branch improved to ₹46.64 lakh in Q4 FY23 from ₹8.11 lakh in Q4 FY’22.
Asset Quality
Gross Non-Performing Assets (GNPA) were at ₹ 77328 Crore as on March’23 as against ₹ 92448 Crore as on March’22 declined by 16.36% on YoY basis.
Net Non-Performing Assets (NNPA) were at ₹22585 Crore as on March’23 as against ₹34909 Crore as on March’22 declined by 35.30% YoY basis.
Provision Coverage Ratio (PCR) Excluding TWO improved by 855 bps YoY to 70.79% in March’23.
Slippage ratio improved to 2.10% in Q4 FY23 from 6.47% in Q4 FY’22
Capital Adequacy
CRAR improved from 14.50% as on March’22 to 15.50% as on March’23. Tier-I is at 12.69% (CET-1 was at 11.22%, AT1 was at 1.47%) and Tier-II is at 2.81% as at March’23
