Home Q4 Result SBI Q4 Result – Net Profit Jumps 83% And 11.30 Rs Dividend

SBI Q4 Result – Net Profit Jumps 83% And 11.30 Rs Dividend

11
0

State Bank Of India Q4 2023 Result

SBI Q4 Result  आ चूका है और  कंपनी का मुनाफा 83 परसेंट बढ़ा और प्रॉफिट रहा 16695 करोड़ का हुआ.

SBI Q4 Result - Net Profit Jumps 83% And 11.30 Rs Dividend

SBI announce Quarter 4 Result. SBI Q4 Result – Net Profit Jumps 83% And 11.30 Rs Dividend

SBI Q4 Result Highlights

SBI Q4 Result

Profitability

  • • Net Profit for FY23 crosses ₹ 50,000 crores and stands at ₹ 50,232 crores witnessing a
    growth of 58.58% YoY, while Net Profit for Q4FY23 grew by 83.18% to ₹ 16,695 crores.
  • • Operating Profit for FY23 grew by 11.18% YoY to ₹ 83,713 crores; while OperatingProfit for Q4FY23 grew by 24.87% YoY to ₹ 24,621 crores.
    • Bank’s ROA and ROE for the financial year stand at 0.96% and 19.43% respectively.
    • ROA at 1.23% for the quarter improved by 49 bps YoY.
    • Net Interest Income (NII) for FY23 increased by 19.99% YoY.
    • Domestic NIM for FY23 increased by 22 bps YoY to 3.58%, while Domestic NIM for
    Q4FY23 increased by 44 bps YoY to 3.84%.

Balance Sheet

• Credit growth at 15.99% YoY with Domestic Advances growing by 15.38% YoY.
• Foreign Offices’ Advances grew by 19.55% YoY.
• Domestic Advances growth driven by Retail Personal Advances (17.64% YoY) followed
by SME Advances which grew by 17.59% YoY.
• Xpress Credit loans cross ₹ 3 lakh crores.
• Agri and Corporate loans registered YoY growth of 13.31% and 12.52% respectively.
• Whole Bank Deposits grew at 9.19% YoY, out of which CASA Deposit grew by 4.95%
YoY. CASA ratio stands at 43.80% as on 31st March 23.

Asset Quality
• Gross NPA ratio at 2.78% down by 119 bps YoY.
• Net NPA ratio at 0.67% down by 35 bps YoY.
• Provision Coverage Ratio (PCR) at 76.39% improved by 135 bps YoY, PCR (Incl.
AUCA) improved by 171 bps YoY and stands at 91.91%.
• Slippage Ratio for FY23 improved by 34 bps YoY and stands at 0.65%, while Slippage
Ratio for Q4FY23 stands at 0.41%.
• Credit Cost for FY23 improved by 23 bps YoY to 0.32%, while Credit Cost for Q4FY23
at 0.16% improved by 33 bps YoY.
Capital Adequacy
• Capital Adequacy Ratio (CAR) as at the end of FY23 improved by 85 bps YoY and stands
at 14.68%.

Alternate Channels

• 64% of SB accounts and 35% of retail asset accounts acquired digitally through YONO.
• Share of Alternate Channels in total transactions increased from ~95% in FY22 to ~97%
in FY23.
Key Sum

Previous article50 Debt Free Penny Stock Below 20 Rs
Next articlePenny Stocks that Locked in upper circuit on 18 May 2023
Procapital Akash is one of the best-known sources of financial information on the internet. Started with the sole objective of building a bright financial future for our viewers. We will help viewers to achieve their Financial goals with effective and smart investment planning. Get Latest Update On Penny Stocks, High Dividend Paying Stock.

LEAVE A REPLY

Please enter your comment!
Please enter your name here