Financial Results for Quarter/Half Year ended 30th September 2023

Bank’s Global Business reached ₹11.33 lakh Cr
Net profit up by 62% YoY, Operating Profit up by 19% YoY
Net Profit up by 62% YoY at ₹1988 Cr in Sep’23 from ₹1225 Cr in Sep’22
Profit Before Tax up by 75% YoY at ₹2752 Cr in Sep’23 from ₹1571 Cr in Sep’22
Operating Profit for Sep’23 up by 19% YoY at ₹4303 Cr from ₹3629 Cr in Sep’22
Net Interest Income increased by 23% YoY to ₹5741 Cr in Sep’23 from ₹4684 Cr in Sep’22
Fee based income grew by 11% YoY to ₹805 Cr in Sep’23 from ₹723 Cr in Sep’22
NIM (Domestic) increased to 3.52% in Sep’23 from 3.20% in Sep’22
Return on Assets (RoA) improved to 1.06% in Sep’23 from 0.71% in Sep’22
Return on Equity (RoE) improved by 607 bps to 19.90% in Sep’23 from 13.83% in Sep’22
Cost-to-Income Ratio stood at 44.36% in Sep’23 as against 44.27% in Sep’22
Total Business recorded a YoY growth of 10% reaching the level of ₹1133091 Cr in Sep’23 from ₹1026801 Cr in Sep’22
Advances increased by 12% YoY to ₹492288 Cr in Sep’23 from ₹437941 Cr in Sep’22
RAM (Retail, Agriculture & MSME) advances grew by 12% to ₹285891 Cr in Sep’23 from ₹255256 Cr in Sep’22
Retail, Agri, MSME advances grew by 14%, 16% and 5% YoY respectively. RAM contribution to domestic advances is 62%.
Home Loan (Including mortgage) grew by 13%, Auto Loan by 36% and Personal Loan by 49% YoY.
Deposits increased by 9% YoY and reached to ₹640803 Cr in Sep’23
CASA grew by 7%, driven by 8% YoY growth in SB, CASA ratio stood at 40%
GNPA decreased by 233 bps YoY to 4.97% in Sep’23 from 7.30%, NNPA reduced by 90 bps to 0.60% from 1.50% in Sep’22
Provision Coverage Ratio (PCR, including TWO) improved by 456 bps YoY to 95.64% from 91.08% in Sep’22
Capital Adequacy Ratio stood at 15.53%, CET-I at 12.07% & Tier-I Capital at 12.63%
Net Profit up by 16% QoQ to ₹1988 Cr in Sep’23 from ₹1709 Cr in Jun’23
Profit Before Tax up by 15% QoQ at ₹2752 Cr in Sep’23 from ₹2394 Cr in Jun’23
Operating Profit up by 4% QoQ at ₹4303 Cr in Sep’23 from ₹4135 Cr in Jun’23
Net Interest Income stood at ₹5741 Cr in Sep’23 as against ₹5703 Cr in Jun’23
Return on Assets (RoA) improved by 11 bps QoQ to 1.06% in Sep’23
Return on Equity (RoE) improved by 202 bps QoQ to 19.90% in Sep’23
Priority Sector portfolio stood at ₹164341 Cr in Sep’23. Priority sector advances as a percentage of ANBC stood at 42.83% as against the regulatory requirement of 40%
Net Profit up by 52% YoY to ₹3697 Cr in H1FY24 from ₹2439 Cr in H1FY23
Profit Before Tax up by 76% YoY to ₹5146 Cr in H1FY24 from ₹2917 Cr in H1FY23
Operating Profit increased by 17% YoY to ₹8437 Cr in H1FY24 from ₹7194 Cr
Net Interest Income grew by 24% YoY to ₹11444 Cr in H1FY24 from ₹9218 Cr
Net Interest Margin (NIM) Domestic increased by 42 bps YoY to 3.57% from 3.15% in H1FY23
Return on Assets (RoA) improved by 29 bps to 1.01% from 0.72% in H1FY23
Return on Equity (RoE) increased by 490 bps to 18.90% from 14.00% in H1FY23
Cost-to-Income Ratio stood at 44.29% as against 43.14% in H1FY23

Network:

The Bank has 5819 domestic branches including 3 Digital Banking Units (DBUs), out of which 1974 are Rural, 1522 are Semi-Urban, 1174 are Urban & 1149 are in Metro category. The Bank has 3 overseas branches & 1 IFSC Banking Unit (IBU).
The Bank has 4866 ATMs & BNAs and 10825 Business Correspondents (BCs).

Digital Banking:

Mobile Banking users increased by 47% YoY.
UPI users and transactions increased by 34% YoY and 65% YoY respectively.
Bank has so far launched 63 Digital Journeys under its Digital Transformation Program.
86% of transactions are now carried out through digital channels.