· Interest Income on Advances increased from Rs.28,582 Crores in Q1FY16 to Rs.29,884 Crores in Q1FY17 (4.56% growth).
· Interest Income on Resources Operations increased from Rs.10,254 Crores in Q1FY16 to Rs.10,887 Crores in Q1FY17 (6.18% growth).
· Total Interest Income increased from Rs.39,643 Crores in Q1FY16 to Rs.41,594 Crores in Q1FY17 (4.92% growth).
· Interest Expenses on Deposits increased from Rs.24,097 Crores in Q1FY16 to Rs.25,169 Crores in Q1FY17 (4.45% growth).
· Total Interest Expenses increased from Rs.25,911 Crores in Q1FY16 to Rs.27,281 Crores in Q1FY17 (5.29% growth).
· Net Interest Income increased from Rs.13,732 Crores in Q1FY16 to Rs.14,312 Crores in Q1FY17 (4.23% growth).
· Non Interest Income increased from Rs.5,088 Crores in Q1FY16 to Rs.7,335 Crores in Q1FY17 , an increase of 44.16% YoY, driven by increase in Profit on Sale of Investments by 212.15%, increase of 22.30% in Recovery in Written Off accounts, increase of 21.93% in Forex Income and 6.08% in Fee Income.
· Operating Income increased by 15.02% from Rs.18,820 Crores in Q1FY16 to Rs.21,647 Crores in Q1FY17.
· Staff Expenses increase was contained at 5.93%, from Rs.5,906 Crores in Q1FY16 to Rs.6,257 Crores in Q1FY17.
· Operating Expenses increased by 10.14% from Rs.9,618 Crores in Q1FY16 to Rs.10,594 Crores in Q1FY17.
· Operating Profit increased by 20.12% from Rs.9,202 Crores in Q1FY16 to Rs.11,054 Crores in Q1FY17.
· Net Profit in Q1FY17 was Rs. 2,521 Crores, lower than the Net Profit of Rs.3,692 Crores in Q1FY16 by Rs. 1,171 Crores(-31.73%) as loan loss provisions increased by Rs.2,981 Crores from Rs 3,359 Crores as on 30th June 2015 to Rs. 6,340 Crores as on 30th June 2016.
ASSET QUALITY
· Gross NPAs went up by 44 bps at 6.94% in Q1 FY17 as against 6.50% in Q4 FY16 and by 265 bps from Q1 FY16.
· Net NPAs went up by 24 bps at 4.05% in Q1 FY17 as against 3.81% in Q4 FY16 and by 181 bps from Q1 FY16.
· Asset quality improved in the Non-Corporate Book:
o Gross NPA Ratio in Per Segment Loans declined from 1.17% in Q1 FY16 to 0.86% in Q1 FY17.
o Gross NPA Ratio in Agri. Loans declined from 9.36% in Q1 FY16 to 7.03% in Q1 FY17.
· PCR went up by 88 bps at 61.57% in Q1 FY17 from 60.69% in Q4 FY16.
.DEPOSITS
· Deposits of the Bank increased from Rs.16,13,545 Crores as on 30th June 15 to Rs.17,82,371 Crores as on 30th June 16 (10.46 % YOY growth) .
· Domestic Deposits grew from Rs.15,24,927 Crores as on 30th June 15 to Rs.16,99,001 Crores as on 30th June 16 (11.42% YOY growth).
· Savings Bank deposits increased from Rs.5,39,050 Crores as on 30th June 15 to Rs.6,16,938 Crores as on 30th June 16 (14.45 % YOY growth) .
· Current Account deposits increased from Rs.96,845 Crores as on 30th June 15 to Rs.1,09,828 Crores as on 30th June 16 (13.41% YOY growth) .
· CASA Ratio improved by 108 bps from 41.70% as on 30th June 15 to 42.78% as on 30th June 16.
ADVANCES
· Gross Advances increased from Rs.13,13,735 Crores as on 30th June 15 to Rs.14,63,690. Crores as on 30th June 16 (11.41% YOY growth), resulting in increase in domestic market share by 32 bps from 15.81% in June 15 to 16.13% in June 16.
· Large Corporate advances increased from Rs.2,55,964 Crores as on 30th June 15 to Rs.3,08,206 Crores as on 30thJune 16 (20.41% YOY growth).
· Mid-Corporate Advances increased from Rs. 2,00,035 Crores as on 30th June 15 to Rs. 2,07,137 Crores as on 30thJune 16 (3.55% YOY growth).
· Retail Personal advances increased from Rs.2,80,114 Crores as on 30th June 15 to Rs.3,37,087 Crores as on 30th June 16 (20.34% YOY growth). Home loans increased from Rs.1,63,678 Crores as on 30th June 15 to Rs.1,97,575 Crores as on 30th June 16 (20.71% YOY growth). Auto loans increased from Rs.33,229 Crores as on 30th June 15 to Rs.39,683 Crores as on 30th June 16 (19.42% YOY growth).
· SME Advances increased from Rs.1,74,591 Crores as on 30th June 15 to Rs.1,82,093 Crores as on 30th June 16 (4.30% YOY growth).
· Agri advances increased from Rs.1,15,813 Crores as on 30th June 15 to Rs.1,24,594 Crores as on 30th June 16 (7.58% YOY growth).
· International advances increased from Rs.2,50,950 Crores as on 30th June 15 to Rs.2,70,365 Crores as on 30th June 16 (7.74% YOY growth).
KEY FINANCIAL RATIOS (SBI):
· Capital Adequacy Ratio under Basel III improved to 14.01% as on 30th June 16 from 12.00% as on 30thJune 15. Revaluation of Real Estate Assets has boosted our CET-I capital by Rs.14,384 Crores.
· Average Cost of Deposits declined to 5.98% as on 30th June 16 from 6.35% as on 30th June 15.
· Average Yield on Advances moved from 10.33% as on 30th June 15 to 9.55% as on 30th June 16.
· Domestic NIM declined to 3.09% as on 30th June 16 from 3.29% as on 30th June 15, whereas Foreign offices NIM improved to 1.37% as on 30th June 16 from 1.30% as on 30th June 15. Whole Bank NIM declined to 2.83% as on 30th June 16 from 2.99% as on 30th June 15.
· Cost to Income Ratio improved by 216 bps from 51.10% as on 30th June 15 to 48.94% as on 30th June 16.
· Return on Assets is lower at 0. 44% as on 30th June 16 against 0.72 % as on 30th June 15.
· Return on Equity is lower at 7.36% as on 30th June 16 against 12.30 % as on 30th June 15.
Performance of SBI Group
· Gross NPA Ratio for SBI Group increased from 4.46% as on 30th June 15 to 6.40% as on 31st March 16 and to 7.38% as on 30th June 16, while Net NPA Ratio increased from 2.38% as on 30th June 15 to 3.73% in March 16 and to 4.35% as on 30th June 16.
· Net Profit (after minority interest) of SBI Group declined from Rs 4,714 Crores as on 30th June 15 to Rs. 1,046 Crores as on 30th June 16 (YOY decline of 77.81%).
(Rs. in Crore)
2015-16 | 2016-17 | Growth Q1FY17 Over Q4FY16 | Growth Q1FY17 Over Q1FY16 | ||
Q1 | Q4 | Q1 | % | % | |
Interest Income | 39643 | 42831 | 41594 | -2.89 | 4.92 |
Interest Expenses | 25911 | 27541 | 27281 | -0.94 | 5.29 |
Net Interest Income | 13732 | 15291 | 14312 | -6.40 | 4.23 |
Non-Interest Income | 5088 | 10696 | 7335 | -31.42 | 44.16 |
Operating Income | 18820 | 25986 | 21647 | -16.70 | 15.02 |
Staff Expenses | 5906 | 6943 | 6257 | -9.88 | 5.93 |
Overhead Expenses | 3712 | 4852 | 4337 | -10.61 | 16.85 |
Operating Expenses | 9618 | 11794 | 10594 | -10.18 | 10.14 |
Operating Profit | 9202 | 14192 | 11054 | -22.11 | 20.12 |
Provisions | 5510 | 12928 | 8533 | -34.00 | 54.87 |
Net Profit | 3692 | 1264 | 2521 | 99.47 | -31.73 |