Samyag

Corporate Actions

Back

SBI Q4 PAT up 41% YoY to Rs 9,114 crore

13-May-22 15:03 Hrs IST

Net Interest Income (NII) increased by 15.26% YoY to Rs 31,198 crore during the quarter. Net Interest Margin (domestic) was at 3.40% in Q4 FY22 as against 2.90% in Q4 FY21.

Operating profit remained flat at Rs 19,717 crore in Q4 FY22.

Provisions and contingencies declined by 34.51 % to Rs 7,237.45 crore in Q4 FY22 over Q4 FY21. Of this, provision for NPAs were at Rs 3,261.69 crore (down 67.10% YoY) in the fourth quarter.

Profit before tax in Q4 FY22 stood at Rs 12,479.38 crore, up by 44.28% from Rs 8,649.12 crore in Q4 FY21.

The bank's gross non-performing assets (NPAs) stood at Rs 1,12,023 crore as on 31 March 2021 as against Rs 1,20,029 crore as on 31 December 2021 and Rs 1,26,389 crore as on 31 March 2020.

The ratio of gross NPAs to gross advances stood at 3.97% as on 31 March 2021 as against 4.50% as on 31 December 2021 and 4.98% as on 31 March 2020.

The ratio of net NPAs to net advances stood at 1.02% as on 31 March 2021 as against 1.34 % as on 31 December 2021 and 1.50% as on 31 March 2020.

The bank reported 55.19% increase in net profit to Rs 31,676 crore on a 2.39% rise in total income to Rs 3,16,021 crore in FY22 over FY21.

Return on equity (RoE) as at the end of FY22 stands at 13.92%, which is higher by 398 bps YoY.

Total Deposits grew at 10.06% to Rs 40,51,534 crore as on 31 March 2022 as against Rs 36,81,277 crore as on 31 MArch 2021. Whole bank advances increased by 11% to Rs 28,18,671 crore as on 31 March 2022 as against Rs 25,39,393 crore as on 31 March 2021.

Capital Adequacy Ratio (CAR) as on 31 March 2022 stood at 13.83%.

State Bank of India (SBI) is an Indian multinational, public sector banking and financial services statutory body. As of 31 March 2022, the Government of India held 57.79% stake in the bank.

The scrip fell 2.57% to currently trade at Rs 450.55 on the BSE.

Powered by Capital Market - Live News

Attention Investors: Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020. || Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge. || Pay 20% upfront margin of the transaction value to trade in cash market segment. || Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued vide circular reference NSE/INSP/45191 dated July 31, 2020 and NSE/INSP/45534 dated August 31, 2020 and other guidelines issued from time to time in this regard. || Check your Securities /MF/ Bonds in the consolidated account statement issued by NSDL/CDSL every month.|| KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.|| No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account.