Highlights
- 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.
- Gross NPA Ratio Down By 205 Bps Yoy.
- Net NPA Ratio Down By 66 Bps Yoy.
- Provision Coverage Ratio (PCR) At 92.11%.
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.
- 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.
- Cost of Deposits (Global) stood at 4.82% in Q1FY25 against 4.22% in Q1FY24.
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.
