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A glimpse into our financial performance


₹ 109.18 Crore

Capital expenditure

Total business

12.3% Y-o-Y

Deposits

11.9%

Loan book

16% Y-o-Y

before the technical write-off

CASA

6.5% Y-o-Y

PPOP

51.9% Y-o-Y

Other Income

50.7% Y-o-Y

ROE

13.13%

Earnings Per Share (EPS)

₹ 13.81

Cost to Income Ratio

45.1%

GNPA

2.27%

Collection Efficiency

100%

(working capital)

DPD 30+

0.56%

Capital Adequacy Ratio (CRAR)

18.56%

We have delivered a Net Profit of ₹ 1,106 Crore during FY23, the highest ever PAT in the Bank’s history. Broad-based business growth coupled with a core revenue profile has yielded a higher ROA, currently at 1.27% for the year.

Key highlights

  • Net profit for the period demonstrated strong growth, increasing by 64.3% to reach ₹ 1,106 Crore compared to ₹ 673 Crore in the corresponding period of the previous year.
  • Pre-Provision Operating Profit (PPOP) for the period witnessed a significant increase of 51.9% and amounted to ₹ 2,476 Crore, compared to ₹ 1,630 Crore in the corresponding period of the previous year.
  • Net interest income experienced a notable growth of 23.3%, reaching ₹ 3,349 Crore in comparison to ₹ 2,716 Crore for the corresponding period of FY 2022.
  • Net interest margin improved by 46 basis points to stand at 4.18%, as compared to 3.72% during the corresponding period of the previous year.
  • Yield on advances showed growth, increasing by 37 basis points to 8.93% from 8.56% during the corresponding period of the previous year.
  • Commission and fee-based income demonstrated impressive year-on-year growth of 17.8% to reach ₹ 747 Crore, from ₹ 634 Crore for the corresponding period of the previous year.

Strengthening our balance sheet

The balance sheet as of March 31, 2023, reached ₹ 90,179 Crore, reflecting a growth of 12.6% compared to ₹ 80,071 Crore on March 31, 2022. The total business as of March 31, 2023, amounts to ₹ 1,40,806 Crore, exhibiting a yearon-year growth of 12.3%. This represents an increase of ₹ 15,444 Crore from the previous year’s total business of ₹ 1,25,362 Crore as of March 31, 2022.

Asset quality

In terms of asset quality, there have been notable improvements. The gross nonperforming assets (GNPA) have decreased by 376 basis points and currently stand at 2.27% of gross advances, amounting to ₹ 1,458 Crore as of March 31, 2023, compared to 6.03% (₹ 3,431 Crore) on March 31, 2022. The net non-performing assets (NNPA) are below 1% and represent 0.74% of net advances, equivalent to ₹ 468 Crore on March 31, 2023, in contrast to 2.31% (₹ 1,261 Crore) on March 31, 2022. In addition, the provision coverage ratio (PCR) has reached 92.14% as of March 31, 2023, compared to 80.27% on March 31, 2022.

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