Tuesday, 28 April 2020


Results at a Glance

 Strong operating performance:
  • Operating profit for Q4FY20 grew by 17% YOY to 5,851 crores
  • Net Interest Income in Q4FY20 grew by 19% YOY to `6,808 crores; NIM was 3.55%
  • Operating profit for FY20 grew by 23% YOY to `23,438 crores
  • Net Interest Income in FY20 grew by 16% YOY to `25,206 crores; NIM for FY20 was 3.51%
  • Net profit for FY20 was `1,627 crores. Adjusted for the one-offs, net profit for FY20 would have been `5,182 crores up 11% YoY

 Growth in Deposits continues to drive Loan growth:
  • Total deposits grew 19% YOY on quarterly average basis (QAB)
  • o Savings Account deposits grew 13% YOY, Current Account deposits grew by 11% YOY and Retail Term
  • Deposits (RTD) were up 33% YOY on QAB basis. CASA ratio was 39% on QAB basis
  • o The Bank added 478 branches to its domestic network in FY20
  • o Loan book grew by 15% YOY with Retail loans up 24% YOY and Corporate loans up 11% YOY

 Well capitalized with adequate liquidity buffers:
  • Overall capital adequacy at 17.53% with Common Equity Tier 1 ratio of 13.34% at the end of FY20
  • o Liquidity Coverage Ratio, currently at 120%, with excess SLR of `48,463 Crores

 Business segments’ performance:
  • Retail loans accounted for 53% of total loans; Retail fee constituted 64% of total fees
  • o 80% of Retail book is secured, home loans constitute 35%
  • o Over 80% of the unsecured loans are to ETB customers and over 80% are to salaried
  • o In Corporate segment, 83% of the book and 95% of incremental sanctions are to A- and above;

 Asset quality metrics improving, additional provisions held of Rs. 5,983 crores:
  • NNPA declined to 1.56%, from 2.09% on QOQ basis
  • GNPA impact of 11 bps on account of April 17 2020, dispensation not availed for
    June 7 2019
  • During the quarter, the Bank has made provisions of `7,730 crores including `3,000 crores related to COVID; taking the overall additional provisions held by the Bank to `5,983 crores. The overall additional provisions held

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