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    040221-SBI Press Release Q3FY21

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    KapilYadav
    The bank reported a net profit of Rs. 5,196 crores for Q3FY21, up 13.6% sequentially but down 6.93% year-over-year. Operating profit grew 5.31% sequentially to Rs. 17,333 crores but fell 4.88% year-over-year. Total deposits grew 13.64% year-over-year led by a 15.33% rise in CASA deposits, while retail loans rose 15.47% and overall credit grew 6.73% year-over-year. Asset quality improved with the gross NPA ratio down 217 bps year-over-year to 4.77% and net NPA ratio declining 142 bps to 1.

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    040221-SBI Press Release Q3FY21

    Uploaded by

    KapilYadav
    47 views2 pages
    The bank reported a net profit of Rs. 5,196 crores for Q3FY21, up 13.6% sequentially but down 6.93% year-over-year. Operating profit grew 5.31% sequentially to Rs. 17,333 crores but fell 4.88% year-over-year. Total deposits grew 13.64% year-over-year led by a 15.33% rise in CASA deposits, while retail loans rose 15.47% and overall credit grew 6.73% year-over-year. Asset quality improved with the gross NPA ratio down 217 bps year-over-year to 4.77% and net NPA ratio declining 142 bps to 1.

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    The bank reported a net profit of Rs. 5,196 crores for Q3FY21, up 13.6% sequentially but down 6.93% year-over-year. Operating profit grew 5.31% sequentially to Rs. 17,333 crores but fell 4.88% year-over-year. Total deposits grew 13.64% year-over-year led by a 15.33% rise in CASA deposits, while retail loans rose 15.47% and overall credit grew 6.73% year-over-year. Asset quality improved with the gross NPA ratio down 217 bps year-over-year to 4.77% and net NPA ratio declining 142 bps to 1.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    47 views2 pages

    040221-SBI Press Release Q3FY21

    Uploaded by

    KapilYadav
    The bank reported a net profit of Rs. 5,196 crores for Q3FY21, up 13.6% sequentially but down 6.93% year-over-year. Operating profit grew 5.31% sequentially to Rs. 17,333 crores but fell 4.88% year-over-year. Total deposits grew 13.64% year-over-year led by a 15.33% rise in CASA deposits, while retail loans rose 15.47% and overall credit grew 6.73% year-over-year. Asset quality improved with the gross NPA ratio down 217 bps year-over-year to 4.77% and net NPA ratio declining 142 bps to 1.

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    © All Rights Reserved
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    of 2

    Press Release

    Q3FY21 RESULTS

    Highlights
    • Bank registered a Net Profit of Rs. 5,196 Crores in Q3FY21 as compared to
    Rs.4,574 Crores in Q2FY21, an increase of 13.60% sequentially. Year on year Net
    Profit has come down by 6.93%.
    • Bank registered an Operating Profit of Rs. 17,333 Crores in Q3FY21 as compared
    to Rs.16,460 Crores in Q2FY21, an increase of 5.31% sequentially. Year on year
    Operating Profit has come down by 4.88%.
    • Excluding the one-off interest income and other income during Q3FY20, the YoY
    growth in Net Profit and Operating Profit for Q3FY21 would be 133.78% and 26.23%
    respectively.
    • Net Profit for 9MFY21 at Rs. 13,960 crores, has increased by 27.99% YoY as
    against Rs. 10,907 crores in 9MFY20.
    • Net Interest Income for Q3FY21 increased to 2.27% sequentially and 3.75% YoY.
    • Domestic NIM for the quarter at 3.34%, has remained stable sequentially.
    • Non-Interest Income for Q3FY21 at Rs.9,246 Crores grew by 8.42% sequentially
    and 1.54% YoY.
    • Total Deposits grew at 13.64% YoY, out of which Current Account Deposit grew
    by 11.33% YoY, while Saving Bank Deposits grew by 15.99% YoY.
    • Credit Growth stood at 6.73% YoY, mainly driven by Retail (Personal) Advances
    (15.47% YoY), SME (5.62% YoY) and Corporate Advances (2.23% YoY).
    • Including the YoY growth in Corporate Bonds / CPs of Rs. 44,161 crores, the loan
    book has grown by 8.16% YoY.
    • Home loan, which constitutes 23% of Bank’s domestic advances, has grown by
    9.99% YoY.
    • Net NPA ratio at 1.23% is down 142 bps YoY and 36 bps QoQ. Gross NPA ratio
    at 4.77% is down 217 bps YoY and 51 bps QoQ.
    • Provision Coverage Ratio (PCR) has improved to 90.21%, up 848 bps YoY and 202
    bps QoQ.
    • Slippages Ratio for 9MFY21 has declined to 0.36% from 2.42% as at the end of
    9MFY20.
    • Credit Cost as at the end of 9MFY21 has declined 85 bps YoY to 0.38%.
    • Cost to Income Ratio has marginally increased from 52.45% in 9MFY20 to 53.25%
    in 9MFY21.
    • Capital Adequacy Ratio (CAR) has improved by 77 bps YoY to 14.50% as on Dec
    2020.
    • Return on Assets (RoA) increased by 6 bps YoY to 0.45% in 9MFY21 against 0.39%
    in 9MFY20.
    • Share of Alternate Channels in total transactions has increased from 91% in
    9MFY20 to 93% in 9MFY21.
    Key Summary of Q3FY21 Results

    QoQ
    In Rs Crores Q3FY20 Q2FY21 Q3FY21 YoY % 9MFY20 9MFY21 YoY %
    %
    Profit & Loss
    Interest Income* 67,692 66,814 66,734 -1.41 -0.12 1,94,642 2,00,049 2.78
    Interest Expenses 39,913 38,633 37,915 -5.01 -1.86 1,19,324 1,16,406 -2.45
    Net Interest Income 27,779 28,181 28,820 3.75 2.27 75,318 83,643 11.05
    NIM, % (Domestic) 3.59 3.34 3.34 -25 bps 0 bps 3.27 3.31 4 bps
    Operating Profit 18,223 16,460 17,333 -4.88 5.31 49,667 51,854 4.40
    Loan loss provisions 8,193 5,619 2,290 -72.04 -59.24 30,882 17,330 -43.88
    Profit after tax 5,583 4,574 5,196 -6.93 13.60 10,907 13,960 27.99
    * Interest Income of Q3FY20 includes one-time recovery of Rs.4,039 Crores

    In Rs Crores Dec 19 Sep 20 Dec 20 YoY % QoQ %


    Balance Sheet

    Gross advances 23,01,669 23,83,624 24,56,607 6.73 3.06

    Domestic Corporate 7,71,000 7,87,559 7,88,208 2.23 0.08

    Domestic Retail Personal 7,19,766 7,85,345 8,31,134 15.47 5.83

    Of which: Home loans 4,40,448 4,68,382 4,84,453 9.99 3.43

    Deposits 31,11,229 34,70,462 35,35,753 13.64 1.88

    Domestic CASA 13,40,830 15,27,007 15,46,424 15.33 1.27

    Domestic Term Deposits 16,57,367 18,37,128 18,78,391 13.34 2.25

    CASA Ratio (%) 44.72 45.39 45.15 43 bps -24 bps

    GNPA 1,59,661 1,25,863 1,17,244 -26.57 -6.85

    NNPA 58,249 36,451 29,032 -50.16 -20.35

    Slippages (During the Quarter) 16,525 2,756 237 -98.57 -91.40

    YoY, QoQ, YoY,


    Ratios, % Q3FY20 Q2FY21 Q3FY21 9MFY20 9MFY21
    bps bps bps
    Asset Quality
    GNPA 6.94 5.28 4.77 -217 -51 6.94 4.77* -217
    NNPA 2.65 1.59 1.23 -142 -36 2.65 1.23* -142
    PCR (with AUCA) 81.73 88.19 90.21 848 202 81.73 90.21 848
    PCR (without AUCA) 63.52 71.04 75.24 1172 420 63.52 75.24 1172
    Slippage Ratio 2.94 0.46 0.04 -290 -42 2.42 0.36 -206
    Credit Cost 1.46 0.94 0.38 -108 -56 1.80 0.95 -85
    Capital Ratios
    CET-1 ratio 10.18 10.49 10.27 9 -22 10.18 10.27 9
    Tier-1 ratio 11.59 11.90 11.73 14 -17 11.59 11.73 14
    CAR 13.73 14.72 14.50 77 -22 13.73 14.50 77
    *But for the Hon’ble Supreme Court interim order dated 03.09.2020, the GNPA and NNPA
    would have been at 5.44% and 1.81% respectively.

    ==============

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