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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.

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.

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