State Bank of India Q1 Results FY2023, PAT at Rs. 6068 crores

Shreya_Anaokar Shreya Anaokar

Last Updated: 14th December 2022 - 12:01 am

Listen icon

On 5th August 2022, State Bank of India announced its quarterly results for the first quarter of FY2023

Q1FY23 Key Highlights:

- Operating Profit for Q1FY23 stood at Rs. 12,753 crores as against Rs. 18,975 crores in Q1FY22, impacted by MTM Losses on investment book. 

-Net Profit for Q1FY23 was reported at Rs. 6,068 crores as against Rs. 6,504 crores in Q1FY22 

- Net Interest Income (NII) for Q1FY23 increased by 12.87% YoY. 

- Domestic NIM for Q1FY23 increased by 8 bps YoY to 3.23%

- Bank’s Balance Sheet size crosses Rs. 50 lakh crores. 

Business Highlights:

- Credit growth stood at 14.93% YoY. Domestic Advances grew at 13.66% YoY and Foreign Offices’ Advances grew by 22.39% YoY. 

- Domestic Advances growth was driven by Retail Personal Advances (18.58% YoY), out of which Home Loan grew by 13.77% YoY. 

-Corporate Loan book grew by 10.57%; SME and Agri loans have also registered YoY growth of 10.01% and 9.82% respectively. 

- Whole Bank Deposits grew at 8.73% YoY, out of which CASA Deposit grew by 6.54% YoY. CASA ratio stands at 45.33% as on 30th June 22.

- Gross NPA ratio is down by 141 bps YoY at 3.91%, while the Net NPA ratio is down by 77 bps YoY at 1.00%. 

- Provision Coverage Ratio (PCR) improved by 719 bps YoY at 75.05%. PCR (Incl. AUCA) stands at 90.14%. 

- Slippage Ratio for Q1FY23 stands at 1.38%; improved by 109 bps YoY. 

- Credit Cost for Q1FY23 stands at 0.61%; improved by 18 bps YoY

 

FREE Trading & Demat Account
Open FREE Demat Account with endless opportunities.
  • Flat ₹20 Brokerage
  • Next-gen Trading
  • Advance Charting
  • Actionable Ideas
+91
''
 
By proceeding, you agree to our T&Cs*
Mobile No. belongs to
hero_form

Disclaimer: Investment in securities market are subject to market risks, read all the related documents carefully before investing. For detailed disclaimer please Click here.

Open Free Demat Account

Be a part of 5paisa community - The first listed discount broker of India.

+91

By proceeding, you agree to all T&C*

footer_form