The PAT for the Q4 of FY21 stands at 175cr. which is 110% up from Q4 FY20. And PAT for the year FY21 stands at 985cr. which is 21% lower than FY20.
The receivables have increased by 4% and stand at 25,114cr.
The total income for quarter 4 stands at 2,468 cr. And the income of the year FY21 stands at 9,714cr. which is almost equal to 9,752cr. in FY20.
Operating expenses have gone up by 5% and Earnings before credit cost has gone down by 1% in Q4 of FY21.
The company is leveraging the lower interest rate environment as the cost of funds fell further, from 6.1% in Q3 FY21 to 5.4%.
The GNPA has risen from 4.51% in Q3 to 4.99% in Q4 due to moratorium impact where you can declare NPAs.
NNPA stands at 1.15% in Q4 compared to 1.58% in Q3 of FY21.
791,000 accounts were added in Q4 FY21.
New-to-credit customers (new acquisitions) rose from 29.2% a year ago to 37.9% in Q4 FY21. The new-to-credit cards declined from 22% to 21.8%. 60% of the new acquisitions were from Tier 3+ cities.
Online spends accounted for 52% at end-FY21 vs. 44% at end-FY20
Asset book:
The RBI RE books as of March 21 show that assets of- Classification: Stage 1 at 51%; Stage 2 at 13% and Stage 3 at 36%.
The company has sold NPAs worth 242cr. with a BV of 80cr. to realize recovery.
Return on average assets stands at 2.6% in the Q4 FY21 from 1.3% in the last year same quarter.
The potentially high-risk segment portfolio which is GNPA + RBI RE book has gone down from 13.62% in Q3 to 10.06% as of Q4 March 2021.
EMI Book had remained flattish on QoQ.
Of the new accounts sourced, SBI (the bank) accounted for 54.4% in Q4 FY21, vs. 53.7% a year ago.
Enhanced Product Mix:
The bank is focusing on the premium segment
The Company has launched an Aurum credit card in Q4FY21 with an annual charge of Rs.10,000.
SBI Cards also launched BPCL Octane and IRCTC premium cards in FY21. For the premium segment, co has premium servicing channels.
The company has also partnered with Paytm, Google Pay, and Jio Pay for further digital partnerships.
For Harnessing Changing Consumer Trends, the company has leveraged data to identify new opportunities and accordingly rolling out timely and relevant offers
Liquidity and coverage:
The CAR stands at 24.8% in Q4 FY21 when compared to 22.4% in Q4 FY20.
The Q4 FY21 tier 1 ratio stands at 20.9% which has gone up from 17.7% last year same quarter.
Digitization
Complete digitization of the services from new customer adequacy to help in onboarding, servicing, and collection. The government initiative of E-KYC also helped in the online onboarding of new accounts.
Chatbots have addressed around 4.7m credits monthly as of March 21. The number of queries resolved has also gone up by 40% in FY-21.
Market position
Credit ratings from CRISIL & ICRA are A1+ and AAA for short and long-term borrowings.
The spend rate has come down by 5% in the Q4 FY21 when compared to the previous quarter.
The card market share also has gone up from 18.3% in March 2020 to around 19% as of February 2021.
While market share in terms of Spends has increased from 17.9% in FY20 to 19.5% for FY21, as of February 2021.
But the company has reported a loss of market share of around 3% in last 5 months mainly due to fewer travel spends.
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