The Board of Directors of the Bank in its meeting held on Tuesday, 24 May 2022 approved the financial results for the quarter ended 31 March 2022. Return on Assets (RoA) at 0.30%, improved by 17 bps YOY. Return on equity (ROE) at 6.64%, improved by 267 bps YOY.
CRAR at 17.04% with CET-1 ratio of 14.02% Net NPA ratio at 2.34% down by 101 bps YOY. Gross NPA declined by 19.33% YOY from Rs. 56,535 Cr in Mar’21 to Rs. 45,605 Cr in Mar’22.
CASA ratio increased to 45.02% in Mar’22 from 41.27% in Mar’21. Net Interest Income (NII) increased by 35.77% from Rs. 2936 Cr in Q4FY21 to Rs. 3986 Cr in Q4FY22. NII rose by 16.96% sequentially. NIM (Global) for Q4FY22 improved from 2.01% in Mar’21 to 2.58% in Mar’22.
NIM (Domestic) also went up from 2.16% in Mar’21 to 2.90% in Mar’22. Gloabal Business increased by 4.56% YOY from Rs. 10,37,549 Cr in Mar’21 to Rs. 10,84,910 Cr in Mar’22. As on 31.03.2022, Bank’s Capital Adequacy Ratio (CRAR) stood at 17.04% against 16.66% in Dec’21 and 14.93% in Mar’21.
There has been a steady increase in the number of customers adopting digital banking.
Internet Banking users increased from 7.60 million in March 2021 to 8.09 million in March 2022, Mobile Banking users increased from 4.34 million in March 2021 to 6.11 million in March 2022 and UPI users increased from 9.98 million in March 2021 to 12.99 million in Mar’22.
The bank has proposed a credit growth of 10-12% in the financial year 2023 & NIM is proposed to be around 3%.