Performance Highlights – 30.06.2023
(Rs. in crores)
|
Particulars |
30.06.2023 (3 Months) |
30.06.2022 (3 Months) |
|
| Deposits |
2,64,401 |
2,60,045 |
|
| Gross Advances |
1,91,263 |
1,63,544 |
|
| Investments |
95,328 |
1,00,917 |
|
| Business Mix |
4,55,664 |
4,23,589 |
|
| Operating Profit |
1,345 |
1,026 |
|
| Net Profit |
500 |
392 |
|
| CASA |
1,16,694 |
1,12,012 |
|
| CASA Ratio |
44.14% |
43.07% |
|
| Gross NPA |
13,629 |
14,919 |
|
| Net NPA |
2,590 |
3,698 |
|
| Net Interest Margin |
3.21% |
2.53% |
|
| Gross NPA Ratio |
7.13% |
9.12% |
|
| Net NPA Ratio |
1.44% |
2.43% |
|
| Cost to Income Ratio |
56.96% |
56.27% |
|
| PCR |
94.03% |
91.86% |
|
| CRAR |
16.56% |
14.79% |
|
| RoA |
0.62% |
0.52% |
|
| RoE |
13.44% |
12.51% |
|
| CD Ratio |
72.34% |
62.89% |
|
Net Profit for the quarterended 30.06.2023 recordedat Rs. 500 crores.
Net NPA has improved to 1.44% on 30.06.2023 as against 2.43%on 30.06.2022.
GNPA ratio has improved to 7.13% on 30.06.2023 as against 9.12% on 30.06.2022.
The Provision Coverage Ratio recorded at 94.03% (PCR for 31st March 2023 is 92.63%).
Performance Highlights for the Quarter ended June 30, 2023 over Quarter ended June 30, 2022 (Y-o-Y):
Total Business increased to Rs. 4,55,664 croresas on 30th June 2023 as against Rs. 4,23,589 croresas on 30th June 2022.
Total Deposits increased to Rs. 2,64,401crores as on 30th June 2023 as against Rs. 2,60,045 croresas on 30th June 2022.
CASA of the Bank improved to 44.14% as on 30th June 2023 as against 43.07% as on 30th June 2022. Total CASA has increased from Rs. 1,12,012 crores as on 30th June 2022 to Rs. 1,16,694crores as on 30th June 2023.
GrossAdvancesincreased to Rs. 1,91,263 crores as on 30th June2023 as against Rs. 1,63,544 crores as on 30th June 2022. The Bank has grown under RAM Segment and rebalanced the advance portfolioby consciously reducedthe stressed sectorin corporate segment.
Operating Profit as on 30th June 2023 improvedto Rs. 1,345 crores as against Rs. 1,026 crores for the year ended 30th June 2022.
Net Profit for the quarterended 30thJune2023 is Rs. 500 croresas against Net Profit of Rs. 392 crores for the quarterended 30th June 2022.
Total income for the quarter ended 30th June 2023 stood at Rs. 6,227 crores as against Rs. 5,028 crores for the quarter ended 30th June 2022.
Interest income stood at Rs. 5,424 crores for the quarter ended 30thJune 2023 as against Rs. 4,435 croresfor the quarter ended 30th June 2022.
Non-interest income is Rs. 803 crores for the quarter ended 30th June2023as against Rs. 593 croresfor the quarterended 30th June 2022.
Total Expenditure stood at Rs. 4,882crores for the quarter ended 30th June 2023 increased as againstRs. 4,002 croresfor the quarterended 30th June 2022.
NPA MANAGEMENTGross NPA as of 30thJune 2023 stood at Rs. 13,629 crores with ratio of 7.13% as againstRs. 14,919 croreswith ratio of 9.12% as on 30th June 2022. GNPA has reduced both in quantum and as a percentage of Gross Advances(YoY).
Total Reduction in NPA of Rs. 989 crores achieved for quarter ended 30th June 2023 as against the NPA Reduction of Rs. 1,006 crores during quarter ended 30th June 2022.
Net NPA is at Rs. 2,590 crores with ratio of 1.44% as on 30th June 2023 as against Rs. 3,698 crores with ratio of 2.43% as on 30th June 2022, thus reducingit by Rs. 1,108 croresin absolute terms.
Provision CoverageRatio is improved to 94.03% as on 30th June 2023 as against 91.86% as on 30thJune 2022.
Performance Highlights for the Quarter ended 30th June 2023 over Quarter ended 31stMarch 2023 (Q-o-Q):
Total Businessstood at Rs. 4,55,664 crores as on 30th June 2023 as against Rs. 4,49,892 croresas on 31stMarch 2023.
Total Deposits stood at Rs. 2,64,401crores as on 30th June2023 as against Rs. 2,60,883 croresas on 31st March 2023.
CASA of the Bank stood at 44.14 % as on 30th June 2023 as against 43.74% as on 31st March 2023. Total CASA for quarter ended 30th June 2023 stand at Rs. 1,16,694 crores against Rs.1,14,113 crores as on 31st March 2023.
Gross Advances stood at Rs. 1,91,263crores as on 30th June2023 as against Rs.1,89,009 crores as on 31st March 2023. The Bank has evolved a policy of not taking fresh exposures in stressed sectors, below hurdle rated accounts and BB and below rated accounts. The Bank has also exited from accounts in the stressedsectors, wherever feasible.
Operating Profitfor quarter ended 30thJune 2023 was Rs. 1,345 croresas against Rs. 1,882 croresfor the quarter ended 31st March 2023.
Net Profit for the quarter ended 30th June 2023 stood at Rs. 500 crores against net profit of Rs. 650 crores for the quarter ended 31st March 2023.
TotalIncome for quarter ended 30th June 2023 stood at Rs. 6,227 crores as against Rs. 6,622 crores for the last quarterended 31st March 2023.
Interest income stood at Rs. 5,424crores for quarterended 30th June 2023 as againstRs. 5,192 crores for quarterended 31st March 2023.
Non-Interest Income stood at Rs. 803 crores for quarterended 30th June 2023 as against Rs.1,430crores for quarterended 31st March 2023.
NPA MANAGEMENT: Gross NPA as of 30th June 2023 stood at Rs.13,629 crores with ratio of 7.13% as against Rs. 14,072 crores with ratio of 7.44% as on 31st March 2023. GNPA has reduced both in quantum and as a percentage of Gross Advances(Q-o-Q).
Total Cash Recovery for 31st March 2023 was Rs. 335 crores as against Rs. 447 croreson 31st March 2023.
Net NPA reduced to Rs. 2590 crores i.e., 1.44% for quarter ended 30th June 2023 as against Rs. 3,266 crores i.e.,1.83% as on 31st March 2023. The NNPA reduced by 0.39% (Q-o-Q).
Provision Coverage Ratio stood at 94.03% as on 30th June 2023 as against92.63 % as on 31stMarch 2023.
KEY FINANCIAL RATIOS (YoY):
Credit Deposit Ratio is 72.34% as on 30th June 2023 as against 62.89% as on 30th June 2022.
Average Cost of Deposit is 4.38% as on 30th June 2023 as against 4.04%as on 30th June 2022.
Average Yield on Advances stood at 8.52% as on 30thJune 2023 as against 7.34% as on 30th June 2022.
CosttoIncome Ratio stood at 56.96% as on 30th June 2023 as against 56.27 % as on 30th June 2022.
CAPITAL ADEQUACYRATIO (CRAR):
(As on 30.06.2023)
| Particulars |
Basel III |
Regulatory Requirement |
| CET 1 |
13.34% |
5.50% |
| Tier I |
13.34% |
7.00% |
| Total CRAR |
16.56% |
9.00%* |
*Excluding CCB