SBI reports highest quarterly Net Profit of Rs. 9,114 cr in Q4 FY22
SBI Mumabi Headquarter
• Bank has registered its highest quarterly Net Profit of Rs. 9,114 crores in Q4FY22, witnessing a growth of 41.28% YoY. Net profit for FY22 grew by 55.19% YoY to Rs. 31,676 crores.
• Return on Equity (RoE) as at the end of FY22 stands at 13.92% which is higher by 398 bps YoY.
• Domestic NIM for Q4FY22 increased by 29 bps YoY at 3.40%.
• Net Interest Income (NII) for Q4FY22 increased by 15.26% YoY.
• Operating Profit for FY22 grew by 5.22% YoY to Rs. 75,292 crores; while Operating Profit for Q4FY22 at Rs. 19,717 crores.
• Whole Bank Advances grew by 11.00% YoY. Domestic Advances growth stood at 10.27% YoY primarily driven by growth in Retail Personal Advances (15.11% YoY). Foreign Office Advances grew by 15.42% YoY.
• Retail Portfolio crosses Rs. 10 lakh crore.
• Home loan, which constitutes ~23% of Bank’s domestic advances, has grown by 11.49% YoY.
• Corporate Loans has also registered growth of 11.15% QoQ during Q4FY22.
• Total Deposits grew at 10.06% YoY. Saving Bank Deposits grew by 10.45% YoY while Term Deposit grew by 11.54% YoY.
• CASA Deposit grew by 7.78% YoY with CASA ratio of 45.28% as on 31st March 22.
• Gross NPA ratio down by 101 bps YoY at 3.97%, while Net NPA ratio down by 48 bps YoY at 1.02%.
• Provision Coverage Ratio (PCR) improved by 416 bps YoY at 75.04%. PCR (Incl. AUCA) stands at 90.20%.
• Slippage Ratio for Q4FY22 stands at 0.43%.
• Credit Cost for Q4FY22 stands at 0.49%.
• Cost to Income Ratio for FY22 down by 29 bps YoY at 53.31%. Cost to Income Ratio is lower by 27 bps YoY at 54.23% during Q4FY22.
• Capital Adequacy Ratio (CAR) as at the end of Q4FY22 stands at 13.83%
• Return on Assets (RoA) increased by 19 bps YoY to 0.67%.
• Share of Alternate Channels in total transactions has increased from 93.2% in FY21 to 95.5% in FY22.
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