Friday, 6 November 2020

BANK OF INDIA ANNOUNCES FINANCIAL RESULTS FOR


 BANK OF INDIA ANNOUNCES FINANCIAL RESULTS FOR Q2 - FY 2020-21

 

·         Bank registered a Net Profit of Rs.526 Crores in Q2FY21, an increase of 97.74% over Q2FY20.

·         Operating Profit increased to Rs.3,098 Crores in Q2FY21 from Rs.2,460 Crores in Q2FY20, an increase of 25.93% YoY.

·         Non-Interest Income for Q2FY21 at Rs.1,613 Crores is up by 21.55% over Q2FY20. The non-interest income was bolstered by growth in Treasury income.

·         Net Interest Income of the Bank stood Rs.4,113 Crores in Q2FY21 against Rs.3,860 Crores in Q2FY20.

·         Global Net Interest Margin (NIM) during Q2FY21 stood at 2.66% and domestic Net Interest Margin stood at 2.88% compared with 2.99% and 3.36% during Q2FY20.

·         Cost-to-income Ratio (global) improved to 45.91% YoY as against 52.58% in Q2FY20.

·         Cost of Deposits (global) improved both YoY and sequentially. From 4.62% in Q2FY20 and  4.32 % in Q1FY21 the ratio improved to 4.17% in Q2FY21.

·         Global Business increased by 13.45% to Rs.10,15,400 Crores, out of which Global Deposits increased by 17.28% YoY and Global Advances increased 8.19% YoY.

·         Home loan, which constitutes 59.15 % of Bank’s domestic retail credit, went up by 12.23% YoY.

·         Domestic CASA deposits recorded a growth of 13.02% with CASA share at 39.49% in Q2FY21. 

·         Priority Sector advances constitutes 43.96% of ANBC in Q2FY21, above the regulatory requirement.

·         The Risk Weighted Assets declined sequentially by 2.67% and 1.93% YoY.


·          

·         Net NPA ratio at 2.89% is down by 298 bps YoY and 69 bps QoQ. Gross NPA ratio at 13.79% is down by 252 bps YoY and 12 bps QoQ.

·         Provision Coverage Ratio (PCR) has improved to 87.91%, up 1079 bps YoY and 304 bps QoQ.

·         Capital Adequacy Ratio (CAR) as per Basel-III stood at 12.80% in Q2FY21.

·         Global Return on Assets (RoA) increased by 12 bps YoY to 0.28% in Q2FY21 against 0.16% in Q2FY20.

 

Key Parameters Q2FY21 Results

 

         (In Rs Crore)

Particulars

Q2FY20

Q1FY21

Q2FY21

YoY %

QoQ %

H1FY20

H1FY21

YoY %

Interest Income

10,658

10,234

10,796

1.29

5.49

20,990

21,030

0.19

Interest Expenses

6,798

6,753

6,682

-1.71

-1.05

13,644

13,435

-1.53

Net Interest Income(NII)

3,860

3,481

4,113

6.55

18.16

7,346

7,594

3.38

Non- Interest Income

1,327

1,707

1,613

21.55

-5.51

2,522

3,320

31.64

Operating Income (NII+Other Income)

5,187

5,188

5,726

10.39

10.37

9,868

10,914

10.60

Operating Expenses

2,728

2,344

2,629

-3.63

12.16

5,137

4,973

-3.19

Operating Profit

2,460

2,845

3,098

25.93

8.89

4,731

5,942

25.60

Profit before tax

407

1,333

785

92.87

-41.06

767

2,118

176.14

Provision for NPA

1,452

767

2,134

46.97

178.23

3,325

2,900

-12.78

Net Profit

266

844

526

97.74

-37.68

509

1,369

168.96

NIM %(Domestic)

3.36

2.73

2.88

 

 

3.19

2.81

 

 

 

Particulars

Sep-19

Jun-20

Sep-20

YoY %

QoQ %

Global Deposits

5,18,037

5,95,235

6,07,529

17.28

2.07

Domestic CASA

1,83,397

2,07,370

2,07,280

13.02

-0.04

Domestic deposits

4,36,530

5,17,577

5,32,095

21.89

2.80

Global advances

3,76,993

4,15,440

4,07,871

8.19

-1.82

Domestic advances

3,21,642

3,59,715

3,62,666

12.75

0.82

Gross NPA

61,476

57,788

56,232

-8.53

-2.69

Net NPA

19,646

13,275

10,444

-46.84

-21.33

 

Particulars (Ratios, %)

Sep-19

Jun-20

Sep-20

YoY bps

QoQ bps

                                Asset Quality

 

Gross NPA

16.31

13.91

13.79

-252

-12

Net NPA

5.87

3.58

2.89

-298

-69

Provision Coverage Ratio (PCR)

77.12

84.87

87.91

1079

304

                                Capital Ratios

 

Tier-1

11.06

9.48

9.67

-139

19

CET-1

11.00

9.46

9.67

-133

21

CRAR

14.09

12.76

12.80

-129

4

 

No comments:

Post a comment