Financial Performance
Loans and Advances of the Bank crossed the landmark of ₹2 lakh crore and stood at ₹2,02,252 crore as of March 31, 2022, an increase of 29% over FY 2021.
Loans and Advances (₹ in crore)
The Asset Base of the Bank stood at ₹2,47,379 crore at the end of FY 2022, a Y-o-Y growth of 29%.
The resources raised/liabilities of the Bank had increased mainly on account of increase in Borrowings (deposits from banks under PSL shortfall, borrowings from RBI, market borrowings, etc.). Capital and Networth increased due to conversion of Tier I bonds into capital.
Asset Base (₹ in crore)
Asset Profile (₹ in crore)
Liability Profile (₹ in crore)
Total Income for FY 2022 stood at ₹9,139 crore, a decline of 18% as compared to FY 2021. Net Interest Income for FY 2022 also declined by 18% to ₹3,012 crore. The Net Interest Margin has declined by 54 bps in FY 2022 vis-à-vis FY 2021 and stood at 1.5%. Decline is in line with declining interest rate scenario and Bank’s commitment to increase flow of credit to MSMEs at competitive rates.
(₹ in crore)
The Bank registered Net Profit of ₹1,958 crore during FY 2022, a decline of 18% as compared to FY 2021.
(₹ in crore)
Operating expense for FY 2022 was ₹698 crore, a Y-o-Y increase of 25% from FY 2021. The Cost-to-Income ratio increased to 20% during FY 2022.
(₹ in crore)
Gross NPA stood at 0.11% and Net NPA stood at 0.07% as on March 31, 2022, an improvement of 7 bps and 5 bps, respectively, as compared to FY 2021.
Earnings per Share (EPS) stood at ₹36.79 in FY 2022 as against ₹45.09 in FY 2021.
OTHER KEY PARAMETERS
Provision Coverage Ratio (PCR) was at 96% at the end of FY 2022 as compared to 93% at the end of FY 2021.
Capital Adequacy Ratio was at 24.28% at the end of FY 2022 as compared to 27.49% at the end of FY 2021.
Business per employee increased to ₹205.54 crore in FY 2022 vis-à-vis ₹154.08 crore in FY 2021. Net Profit per employee stood at ₹1.99 crore during FY 2022.
Business Performance at a Glance
