KEY HIGHLIGHTS (Q4FY24)

*Global Business increased by 12.34% YoY.

* Global Deposits increased by 9.74% YoY.

* Global Advances increased by 15.82% YoY.

* Advances (Dom.) increased by 17.29% YoY.

* RAM Advances grew by 18.78% YoY and it constitutes 56.01% of Advances.

* Retail Credit grew by 20.46% YoY.

* Agriculture Credit grew by 22.18% YoY.

* MSME Credit grew by 13.06% YoY.

* CASA deposits increased by 5.51% YoY and CASA ratio at 42.68%.

* Net Profit increased by 10% YoY to Rs.1,703 Cr.

* Yield on Advances (Global) improved by 50 bps YoY.

* Yield on Advances (Dom.) improved by 52 bps YoY.

* Gross NPA ratio down by 205 bps YoY.

* Net NPA ratio down by 66 bps YoY.

* Provision Coverage Ratio (PCR) at 92.11%.

* CRAR stood at 16.18%, with CET-1 ratio at 13.62%.

Profitability:

* Net Profit for the quarter improved by 10% YoY and stood at Rs.1,703 Cr for Q1FY25 against Rs.1,551 Cr in Q1FY24.

* Operating Profit stood at Rs.3,677 Cr for Q1FY25 against Rs.3,752 Cr in Q1FY24.

* Net Interest Income (NII) increased by 6% YoY and stood at Rs.6,275 Cr for Q1FY25 against Rs.5,915 Cr for Q1FY24.

* Non-Interest Income stood at Rs.1,302 Cr for Q1FY25 against Rs.1,462 Cr in Q1FY24.

Ratios :

* NIM (Global) improved by 4 bps to 3.07% in Q1FY25 against 3.03% in Q1FY24. NIM (Domestic) improved by 6 bps to 3.43% in Q1FY25 against 3.37% in Q1FY24.

* Return on Assets (RoA) stood at 0.70% in Q1FY25 against 0.71% in Q1FY24.

* Return on Equity (RoE) stood at 13.48% in Q1FY25 against 15.18% in Q 1FY ’24.

* Cost to Income ratio (Global) stood at 51.47% in Q1FY25 against 49.14% in Q1FY24.

* Slippage ratio improved to 0.35% in Q1FY25 against 0.53% in Q1FY24.

*Credit Cost stood at 0.85% in Q1FY25 against 0.64% in Q1FY24.

*Yield on Advances (Global) improved by 50 bps to 8.60% in Q1FY25 against 8.10% in Q1FY24.

* Cost of Deposits (Global) stood at 4.82% in Q1FY25 against 4.22% in Q1FY24.

Business:

* Global Business increased by 12.34% YoY from Rs.12,14,808 Cr in Jun’23 to Rs.13,64,660 Cr in Jun’24.

* Global Deposits increased by 9.74% YoY from Rs. 6,96,544 Cr in Jun’23 to Rs. 7,64,396 Cr in Jun’24.

* Global Advances increased by 15.82% YoY from Rs. 5,18,264 Cr in Jun’23 to Rs. 6,00,264 Cr in Jun’24.

* Overseas Deposits increased by 8.83% YOY to Rs. 1,16,479 Cr and Overseas Advances increased by 8.32% YOY to Rs. 92,095 Cr in Jun’24.

* Domestic Deposits increased by 9.91% YoY from Rs.5,89,517 Cr in Jun’23 to Rs.6,47,917 Cr in Jun’24.

* Domestic CASA went up by 5.51% YoY from Rs.2,60,615 Cr in Jun’23 to Rs.2,74,973 Cr in Jun’24 and CASA ratio stood at 42.68%. A-.

* Domestic Advances increased by 17.29% YoY from Rs. 4,33,246 Cr in Jun’23 to Rs. 5,08,169 Cr in Jun’24.

* RAM Advances increased by 18.78% YoY to Rs.2,84,646 Cr, constituting to 56.01% of Advances in Jun’24.

* Retail Credit grew by 20.46% YoY to Rs.1,15,183 Cr in Jun’24.

* Aorig.ulture Credit grew by 22.18% YoY to Rs.88,977 Cr in Jun’24.

* MSME Credit grew by 13.06% YoY to Rs.80,486 Cr in Jun’24.

Asset Quality:

* Gross NPA declined by 20% YoY from Rs.34,582 Cr in Jun’23 to Rs.27,716 Cr in Jun’24.

* Net NPA declined by 30% YoY from Rs.8,118 Cr in Jun’23 to Rs.5,702 Cr in Jun’24.

* GNPA ratio improved by 205 bps from 6.67% in Jun’23 to 4.62% in Jun’24. Net NPA ratio improved by 66 bps from 1.65% in Jun’23 to 0.99% in Jun’24.

* Provision Coverage Ratio (PCR) stood at 92.11% in Jun’24. Capital Adequacy;

* Bank’s total Capital Adequacy Ratio (CRAR) improved by 58 bps and stood at 16.18% as on 30.06.24 against 15.60% as on 30.06.23.

* CET-1 ratio stood at 13.62% as on 30.06.24.

Priority Sector:

* Priority Sector Advances increased by 15.55% YOY and achieved 45.61% of ANBC as on Jun’24. Agricultural advances achieved 21.29% of ANBC.

* Advances to Small & Marginal Farmers achieved 11.73% of ANBC in Jun’24 against regulatory norm of 10%.

* Advances to Weaker Sections achieved 15.70% of ANBC in Jun’24 against norm of 12%.

Digital Banking:

* Internet Banking users: Increased to 9.0 million in Jun’24 from 8.5 million in Jun’23.

* Mobile Banking users: Increased to 4.9 million in Jun’24 from 3.4 million in Mar’24.

* Number of UPI users increased to 19.5 million in Jun’24 from 16.2 million in Jun’23.

Branch Network:

* As on 30th Jun’24, the Bank has 5155 number of Domestic branches.

* Rural: 1863 (36%), Semi-Urban: 1466 (29%), Urban: 835 (16%), Metro: 991 (19%).