State Bank of India
EARNINGS PERFORMANCE
Q4FY20
NII
PREVIOUS PERIOD
CURRENT PERIOD
25,347
0.54%
25,483
NII
NII
Bank's consolidated Net Interest Income (NII) remained flat at Rs. 25,483.04 Crs whereas it was 25,347 Crs during last year for the same qtr.
Retail banking revenue de-grew 1.25%, Corporate/ wholesale banking revenue grew by 7.42%, Insurance business revenue grew 6.16% and other banking operations revenue grew by 15.36% on YoY basis.
NET PROFIT
PREVIOUS PERIOD
CURRENT PERIOD
1,550
4,558
194%
NET PROFIT
NET PROFIT
Consolidated net profit stood at Rs. 4,557.89 Crs vs. Rs. 1,550.43 Crs in the same quarter previous years aided by stake sale in SBI Cards and Payments Services worth Rs. 2,731 Crs.
Moratorium :
The press release stated that moratorium is availed by approx. 21.80% customers which constitute approx. 23% of the term loans. Only 13% of the corporate borrowers have not paid any installments.
NNPA @
PREVIOUS PERIOD
CURRENT PERIOD
2.65%
2.23%
-42 BPS
NNPA%
NNPA %
Its GNPAs stood at 6.15% in Q4FY20 vs. 6.94% in Q3FY20 which showed marginal stability in the asset quality decreasing GNPAs by 79bps. The Bank reported NNPA at 2.23%, decrease of 42bps on sequential basis.
The lender has provided provisions and contingencies of Rs. 14,021.61 Crs as compared to Rs. 16,633.40 Crs year ago. Provision coverage ratio improved as on March 31, 2020 and stands at 83.62%.
SUMMARY
PREVIOUS
CURRENT
25,483
25,347
IN
LINE
NII
+0.54%
4,558
1550
NET PROFT
+193.98%
BEATS
2.23
2.65%
BEATS
NNPA%
-42 BPS
RATIOS
- Capital Adequacy Ratio (Basel III) improved as on March 31, 2020 stood at 13.06% as compared to 12.72% as on March 31, 2019.
- Cost to Income Ratio has improved from 55.70% in FY19 to 52.46% in FY20, an improvement of 324 bps.