FINANCIAL RESULTS FOR THE QUARTER AND YEARENDED 31stMARCH 2022
Pune (P&V news service):- Key Highlights (12 Months period ended) (Mar-2021 V/s Mar-2022)
Net Profit grew by 122% to Rs. 5678 Cr
Operating Profit grew by 17.27% to 23090Cr
Net interest income grew by 9.46% to Rs.26384Cr
Gross Advances grew by 9.77% to Rs. 741147 Cr
Retail Credit grew by 9.51% with Housing loan at 14.77%
CASA Deposits increased by 11.52 %
Savings Bank Deposit grew by 12.22%
Net NPA Ratio stood at 2.65% down by 117 bps
Gross NPA stood at 7.51% down by 142 bps
Provision Coverage Ratio (PCR) stood at 84.17% improved by 449 bps
CRAR stood at 14.90% as at Mar-2022.Out of which Tier-I is 11.91% and Tier-II is 2.99%
Fee based income Grew by 16.59% to Rs.6113Cr
The Board of Directors has recommended a dividend of Rs 6.50 per equity share (65%) for the year ended on 31.03.2022 subject to requisite approvals. Considering the Bank’s Performance, Board of Directors have permitted to pay 15 days salary as Performance Linked Incentive (PLI) to the employees
Key Highlights (3 Months ended) (Mar 2021 V/s Mar 2022)
Net Profitgrew by 64.90% to Rs.1666 Cr
Operating Profit grew by 18.80%
Net Interest income grew by 24.84%
Key Highlights (3 Months ended) (Dec 2021 V/s Mar 2022)
Net Profit grew by 10.89% to Rs.1666 Cr
Net Interest income grew by 0.85%
Non-Interest Income grew by 23.53%
Bank’s Global Business surpassed Rs.18,25,000 Crore
Key Summary of Business Performance (as on 31.03.2022) Business
Global Business increased by 8.39 % (y.o.y) to Rs1827556 Cr as at Mar 2022 with Global Deposits at Rs 1086409 Cr (7.47% y.o.y) and Global Advance (gross) at Rs 741147 Cr (9.77%y.o.y)
Domestic Deposit of the Bank stood at Rs1027767Cr as at Mar 2022 with growth of 6.69%(y.o.y)
Domestic Advances (gross) of the Bank stood at Rs711046Cr as at Mar 2022 grew by8.96%(y.o.y)
Retail lending Portfolio increased 9.51% (y.o.y) to Rs126277 Cr as at Mar 2022
Housing Loan Portfolio increased 14.77% y.o.y to Rs73828Cr
Advances to Agriculture& Allied activities grew by 12.75% (y.o.y) to Rs175955Cr as at Mar 2022
Asset Quality : Gross Non-Performing Assets (GNPA) ratio reduced to 7.51% as at Mar 2022 down from 7.80 % as at Dec 2021 and 8.93% as at March 2021.
Net Non-Performing Assets (NNPA) ratio reduced to 2.65% as at Mar 2022 down from 2.86% as at Dec 2021and 3.82% as at March 2021.
Provision Coverage Ratio (PCR) stood at 84.17% as at Mar 2022 improved from 83.26% as at Dec 2021, 79.68% as at Mar 2021.
Financial ratios : Net interest Margin (NIM) stood at 2.82 improved by 6 bps.
Cost to income Ratio stood at 46.16% improved by 339 bps.
RoE stood at 12.82 improved by 611 bps.
C-D Ratio stood at 68.22% improved by 143 bps.
Capital Adequacy: CRAR stood at 14.90% as at Mar-2022. Where CET-1 is 10.26% Tier-I is 11.91% and Tier-II is 2.99%
Bank successfully raised capital during FY22 through: QIP Equity : Rs.2500 Cr, AT-1 Bonds : Rs.4000 Cr, Tier II Bonds : Rs.2500 Cr
Network: As on 31.03.2022, the Bank has 9734 Number of Branches, out of which 3042 are Rural, 2757 Semi- Urban, 1978 Urban &1957 Metro along with 10817 ATMs and 1391 Recyclers.
