MUMBAI, 27 OCTOBER, 2021 (GPN):  Financial Results for Q2 and HY1 FY’22 Net Profit increased to ₹ 1,105 Crore during Q2 FY’22, with YoY growth of 78%.
Key Highlights

Global Gross Business increased by 3.6% on YoY basis to ₹ 18,51,097 Crore as at the end of September’21.

Domestic Gross Business increased by 4.3% on YoY basis to ₹ 18,13,916 Crore as at the end of September’21.

Domestic Deposits grew by 5.4% on YoY basis to ₹ 10,98,117 Crore as at the end of September’21 as against ₹10,41,681 Crore in September’20.

Domestic Advances increased to ₹ 7,15,799 Crore as at the end of September’21 from ₹ 6,97,342 Crore in September’20 with growth of 2.7%.

Domestic CASA Share improved by 132 bps on Y-o-Y basis to 45.4% in September’21. CASA Deposits grew by 8.6% on Y-o-Y basis to ₹ 4,98,757 Crore in September’21.

Savings Deposit grew by 8.6% on Y-o-Y basis to ₹ 4,26,799 Crore as on September’21.

Retail Term Deposit (less than ₹2 Crore) grew by 7.6% on Y-o-Y basis to ₹ 5,20,026 Crore as on September’ 21
.
Retail TD ₹2 Cr + CASA share improved to 91.3% in September’21 from 90.5% in September’20

Retail Credit increased by 6.7% on YoY basis to ₹ 1,20,875 Crore as at the end of September’21.

Retail, Agriculture & MSME (RAM) Share to Domestic Advances improved to 54.7% in September’21 from 53.9 % in September’20.

Total Recovery including Cash and Up-gradation improved sequentially to ₹ 9,126 Crore in Q2 FY’22 from the level of ₹ 8,270 Crore in Q1 FY’22. Recovery for HY1 FY’22 was at ₹ 14608 Crore.

GNPA ratio improved by 70 bps to 13.63% in September’21 from 14.33% in June’21, NNPA ratio improved by 35 bps to 5.49% in September’21 from 5.84% in June’21 and PCR including TWO stood at 80.8%.

CRAR improved to 15.20% in September’21 from 12.84 % in September’20.

Net Profit increased by 78.0% to ₹1105 Crore in Q2 FY’22 from ₹621 Crore in Q2 FY’21.

Business Performance in Key Parameters (as on 30.09.2021)

Global Deposits grew by 4.27% on YoY basis to ₹ 11,15,373 Crore as at the end of September’21 as against ₹ 10,69,747 Crore in September’20.

Global Advances grew by 2.62% on YoY basis to ₹ 7,35,724 Crore as at the end of September’21 as against ₹ 7,16,924 Crore in September’20.

Current Deposit grew by 8.06% on YoY basis to ₹ 71,958 Crore as at the end of September’21 as against ₹ 66,593 Crore in September’20.

Retail, Agriculture & MSME (RAM) Credit grew by 4.05% on YoY basis to ₹ 3,91,285 Crore as at the end of September’21.
In Retail Segment,

Housing loan increased by 5.95% on YoY basis to ₹ 73,738 Crore.

Vehicle loan increased by 18.12% on YoY basis to ₹ 10,378 Crore.

Personal loan increased by 15.55% on YoY basis to ₹ 10,483 Crore.

Agriculture advances grew by 7.65% on YoY basis to ₹ 1,33,867 Crore.

MSME advances grew by 2.10% on YoY basis to ₹ 1,24,528 Crore.

Priority Sector

Priority Sector Advances stood at ₹ 2,82,671 Crore, exceeding the National Goal of 40% and was at 43.63% of ANBC as at the end of September’21.

Agriculture advances stood at ₹ 1,23,415 Crore, exceeding the National Goal of 18% and was at 19.05% of ANBC as at the end of September’21.

Credit to Small and Marginal farmers stood at ₹ 67,174 Crore in September’21. National Goal achievement is 10.37% of ANBC, exceeding the target of 9%.

Credit to Weaker Sections stood at ₹ 91,152 Crore in September’21. National Goal achievement is 14.07% of ANBC, exceeding the target of 11%.

Credit to Micro Enterprises stood at ₹ 53,841 Crore as on September’21. The Bank has achieved National Goal at 8.31% of ANBC as against the target of 7.5%.

Profitability

Total Income of the Bank stood at ₹ 21,262 Crore in Q2 FY’22. Operating Income stood at ₹ 9,635 Crore in Q2 FY’22.

Total Interest Income stood at ₹ 17,980 Crore in Q2 FY’22

Total Expenditure declined by 2.9% to ₹ 17,241 Crore during Q2 FY’22 from ₹ 17,764 Crore during Q2 FY’21.

Operating Expenses stood at ₹ 5,614 Crore in Q2 FY’22 while Total interest Paid registered decline of 7.4% to ₹ 11,628 Crore in Q2 FY’22.