|
State Bank of India Interest income
has increased 4.41% to Rs 69,678.12 crore. Interest expense rose 2.84% to Rs
38,990.72 crore. Hence net interest income rose 6.48% to Rs 30,687.40 crore.
With other income showing a fall of 6.19%
to Rs 8673.42 crore, net total income increased 3.40% Rs 39,360.82 crore. Operating
expenses rose 0.51% to Rs 20839.18 crore. As a result, profit before provisions
rose 6.86% to Rs 18521.64 crore. Provisions & Contingencies decreased
32.57% to Rs 6973.97 crore, leading to Profit before tax reported profit of Rs
11,547.67 crore compared to Profit of Rs 6,990.77 crore.
There were no extraordinary items. PBT
after EO reported profit of Rs 11,547.67 crore compared to Profit of Rs
6,990.77 crore. Provision for tax was expense of Rs 3115.79 crore, compared to
Rs 1794.55 crore. Net profit rose 62.27% to Rs 8,431.88 crore.
Capital adequacy ratio moved from
14.50% as on 31 December 2020 and 13.35% as on 30 September 2021 to 13.23% as
on 31 December 2021.
Gross non-performing assets moved
from Rs 1,17,244.23 crore as on 31 December 2020 and Rs 1,23,941.77 crore as on
30 September 2021 to Rs 1,20,028.77 crore as on 31 December 2021. Gross NPA %
which stood at 4.77% as on 31 December 2020 and Rs 4.90% as on 30 September
2021 stood at 4.50% as on 31 December 2021.
Net non-performing assets moved from
Rs 29,031.72 crore as on 31 December 2020 and Rs 37,118.61 crore as on 30
September 2021 to Rs 34,539.68 crore as on 31 December 2021. Net NPA % which
stood at 1.23% as on 31 December 2020 and 1.52% as on 30 September 2021 stood
at 1.34% as on 31 December 2021.
The cost to income ratio declined to
52.94% as on 31 December 2021 from 54.47% as on 31 December 2020.
The bank`s provision coverage
declined to 88.32% as on 31 December 2021 from 90.21% as on 31 December 2020.
The slippages of loans were at 0.37%.
Book Value per share stood at Rs
283.7 per share at end December 2021, while the adjusted book value (net of
NNPA and 25% of restructured assets) stood at Rs 238.4 per share at end of December
2021.
|
Asset Quality
Indicators: State Bank of India
|
|
|
Dec-21
|
Sep-21
|
Jun-21
|
Mar-21
|
Dec-20
|
Variation
|
|
QoQ
|
YTD
|
YoY
|
|
Gross NPA (Rs Crore)
|
120028.77
|
123941.77
|
134259.48
|
126389.02
|
117244.23
|
-3
|
-5
|
2
|
|
Net NPA (Rs Crore)
|
34539.68
|
37118.61
|
43152.52
|
36809.72
|
29031.72
|
-7
|
-6
|
19
|
|
% of GNPA
|
4.50
|
4.90
|
5.32
|
4.98
|
4.77
|
-40
|
-48
|
-27
|
|
% of NNPA
|
1.34
|
1.52
|
1.77
|
1.50
|
1.23
|
-18
|
-16
|
11
|
|
Provision coverage
ratio %
|
88.32
|
87.68
|
85.93
|
87.75
|
90.21
|
64
|
57
|
-189
|
|
CRAR Basel III %
|
13.23
|
13.35
|
13.66
|
13.74
|
14.50
|
-12
|
-51
|
-127
|
|
Tier I - Basel III %
|
10.91
|
11.02
|
11.32
|
11.44
|
11.73
|
-11
|
-53
|
-82
|
|
Variation in basis
points for figures given in percentages and in % for figures in Rs crore
|
Financial performance 9MFY2022
State Bank of India Interest income has increased 2.34% to Rs 2,04,724.04
crore. Interest expense fell 1.02% to Rs 1,15,214.31 crore. Hence net interest
income rose 7.01% to Rs 89,509.73 crore.
With other income showing a rise of
11.47% to Rs 28683.76 crore, net total income increased 8.06% Rs 1,18,193.49
crore. Operating expenses rose 6.02% to Rs 62617.95 crore. As a result, profit
before provisions rose 10.46% to Rs 55575.54 crore. Provisions &
Contingencies decreased 47.77% to Rs 17214.68 crore, leading to Profit before
tax reported profit of Rs 38,360.86 crore compared to Profit of Rs 17,352.27
crore.
PBT after EO reported profit of Rs
30,942.47 crore compared to Profit of Rs 18,892.00 crore. Provision for tax was
expense of Rs 8380.02 crore, compared to Rs 4932.28 crore. Net profit rose
61.63% to Rs 22,562.45 crore.
The cost to income ratio declined to
49.85% as on 31 December 2021 from 54.00% as on 31 December 2020.
|
State Bank of India: Standalone
Results
|
|
Particulars
|
2112 (3)
|
2012 (3)
|
Var %
|
2112 (9)
|
2012 (9)
|
Var %
|
2103 (12)
|
2003 (12)
|
Var %
|
|
Interest Earned
|
69678.12
|
66734.50
|
4
|
204724.04
|
200048.99
|
2
|
265150.63
|
257323.59
|
3
|
|
Interest Expended
|
38990.72
|
37914.56
|
3
|
115214.31
|
116405.99
|
-1
|
154440.63
|
159238.77
|
-3
|
|
Net Interest Income
|
30687.40
|
28819.94
|
6
|
89509.73
|
83643.00
|
7
|
110710.00
|
98084.82
|
13
|
|
Other Income
|
8673.42
|
9246.15
|
-6
|
28683.76
|
25731.32
|
11
|
41956.64
|
39005.84
|
8
|
|
Net Total Income
|
39360.82
|
38066.09
|
3
|
118193.49
|
109374.32
|
8
|
152666.64
|
137090.66
|
11
|
|
Operating Expenses
|
20839.18
|
20732.93
|
1
|
62617.95
|
59060.05
|
6
|
82652.22
|
75173.69
|
10
|
|
Operating Profits
|
18521.64
|
17333.16
|
7
|
55575.54
|
50314.27
|
10
|
70014.42
|
61916.97
|
13
|
|
Provisions & Contingencies
|
6973.97
|
10342.39
|
-33
|
17214.68
|
32962.00
|
-48
|
44013.03
|
43069.85
|
2
|
|
PBT before EO
|
11547.67
|
6990.77
|
65
|
38360.86
|
17352.27
|
121
|
26001.39
|
18847.12
|
38
|
|
EO
|
0.00
|
0.00
|
-
|
-7418.39
|
1539.73
|
PL
|
1539.73
|
6215.64
|
-75
|
|
PBT after EO
|
11547.67
|
6990.77
|
65
|
30942.47
|
18892.00
|
64
|
27541.12
|
25062.76
|
10
|
|
Provisions for Tax
|
3115.79
|
1794.55
|
74
|
8380.02
|
4932.28
|
70
|
7130.65
|
10574.65
|
-33
|
|
Net Profit
|
8431.88
|
5196.22
|
62
|
22562.45
|
13959.72
|
62
|
20410.47
|
14488.11
|
41
|
|
EPS*(Rs)
|
37.8
|
23.3
|
|
41.8
|
19.2
|
|
21.6
|
12.2
|
|
|
* Annualized on current equity
of Rs 892.46 crore excluding EO and relevant tax. Face Value: Rs 1, Figures
in Rs crore
|
|
Source: Capitaline Corporate
Database
|
|
State Bank of India:
Consolidated Results
|
|
Particulars
|
2112 (3)
|
2012 (3)
|
Var %
|
2112 (9)
|
2012 (9)
|
Var %
|
2103 (12)
|
2003 (12)
|
Var %
|
|
Interest Earned
|
73376.04
|
70099.79
|
5
|
215365.13
|
210082.82
|
3
|
278115.48
|
269851.66
|
3
|
|
Interest Expended
|
39363.25
|
38296.80
|
3
|
116250.48
|
117621.35
|
-1
|
156010.17
|
161123.80
|
-3
|
|
Net Interest Income
|
34012.79
|
31802.99
|
7
|
99114.65
|
92461.47
|
7
|
122105.31
|
108727.86
|
12
|
|
Other Income
|
31152.18
|
27082.36
|
15
|
83573.29
|
70457.16
|
19
|
105855.14
|
92377.43
|
15
|
|
Net Total Income
|
65164.97
|
58885.35
|
11
|
182687.94
|
162918.63
|
12
|
227960.45
|
201105.29
|
13
|
|
Operating Expenses
|
44573.38
|
39468.31
|
13
|
120821.09
|
106565.84
|
13
|
150429.60
|
131781.56
|
14
|
|
Operating Profits
|
20591.59
|
19417.04
|
6
|
61866.85
|
56352.79
|
10
|
77530.85
|
69323.73
|
12
|
|
Provisions &
Contingencies
|
7441.83
|
10801.67
|
-31
|
18567.51
|
34585.45
|
-46
|
46102.16
|
44788.70
|
3
|
|
PBT
|
13149.76
|
8615.37
|
53
|
43299.34
|
21767.34
|
99
|
31428.69
|
24535.03
|
28
|
|
P&L of Associate
Company
|
255.78
|
211.70
|
21
|
629.52
|
383.18
|
64
|
-391.90
|
2963.14
|
-113
|
|
PBT before EO
|
13405.54
|
8827.07
|
52
|
43928.86
|
22150.52
|
98
|
31036.79
|
27498.17
|
13
|
|
EO
|
0.00
|
0.00
|
-
|
-7418.39
|
1367.27
|
PL
|
1367.27
|
5781.56
|
-76
|
|
PBT after EO
|
13405.54
|
8827.07
|
52
|
36510.47
|
23517.79
|
55
|
32404.06
|
33279.73
|
-3
|
|
Provisions for tax
|
3457.80
|
2213.21
|
56
|
9518.53
|
6125.15
|
55
|
8516.25
|
12139.76
|
-30
|
|
Net Profit before
minority interest
|
9947.74
|
6613.86
|
50
|
26991.94
|
17392.64
|
55
|
23887.81
|
21139.97
|
13
|
|
Minority Interest
|
392.74
|
356.31
|
10
|
1167.18
|
1112.71
|
5
|
1482.36
|
1372.17
|
8
|
|
Net profit
|
9555.00
|
6257.55
|
53
|
25824.76
|
16279.93
|
59
|
22405.45
|
19767.80
|
13
|
|
EPS*(Rs)
|
42.8
|
28.0
|
|
46.8
|
22.8
|
|
24.0
|
18.0
|
|
|
* Annualized on
current equity of Rs 892.46 crore. Face Value: Rs 1, Figures in Rs crore,
|
|
Source: Capitaline
Corporate Database
|
|