Icon times
SBI Q4 FY21 Earnings Call Highlights | Yadnya Investment Academy

SBI Q4 FY21 Earnings Call Highlights | Yadnya Investment Academy

Published on 11 June 2021 Views 39 Comments 0

Management:

Mr. Dinesh Kumar Khara - chairman, state bank of India

Mr. C.S. Setty - managing director (retail & digital banking)

Mr. Ashwani Bhatia - managing director (corporate banking and global markets)

Mr. Swaminathan J - managing director (risk, compliance, and stressed asset resolution group)

Mr. Ashwini Tewari - managing director (international banking, technology, and subsidiaries)

Mr. Alok Kumar Choudhary - deputy managing director (finance)

Mrs. S. Uma Shanmukhi - chief general manager (financial control)

Mr. Charanjit Attra - chief financial officer

Mr. Pawan Kumar Kedia – general manager (performance, planning & review)

 

FY21 performance:

  • Personal Retail credit growth at 16% YoY 8.7 lakh cr; it is 40% of domestic advances
  • CASA growth at 16.73% YoY.
  • The net NPA is at 36,810 crores which is 0.5 times of operating profit of FY21.
  • In addition to a PCR of 70.88%, the bank has the additional provision of 25,376 crores at the end of FY21.
  • CET ratio in FY21 was 10.02%.
  • For FY21- Slippages at Rs 28,564 cr, Restructuring applications at Rs 17,852 cr.
  • Net NPA at Rs 36,810 cr
  • NII increased from Rs 98,085 cr to Rs 1,10,710 cr; YoY growth was 13%.
  • NII increased with a CAGR of 12% over the past 2 years.
  • Net Interest Margin Domestic (%) increased from Rs 3.19 to Rs 3.26; YoY growth was 7 bps.
  • Operating profit grew from Rs 68,133 cr to Rs 71,554 cr; YoY growth was 5%.
  • Operating profit increased with a CAGR of 13.6% over the past 2 years.
  • Net profit grew from Rs 14,488 cr to Rs 20,410 cr; YoY growth was 41%.
  • PBT grew from Rs 25,063 cr to Rs 27,541 cr; YoY growth was 10%.
  • ROA in FY21 was 0.48% which grew from 0.38% in FY20; YoY growth was 10 bps.
  • ROE in FY21 was 9.94% which grew from 7.74% in FY20; YoY growth was 220 bps.
  • The net interest margin for domestic operations was 3.26% in FY21.
  • Earnings per share in FY21 was around Rs 25 which grew by Rs 3 over last year.
  • The expense ratio in FY21 was around 54%.

 

 

Deposits: 

  • Total deposits grew from Rs 32,41,621 cr in FY20 to Rs 36,81,277 cr in FY21; YoY growth was 13.56%.
  • Term deposits grew from Rs 17,13,635 cr in FY20 to Rs 19,23,191 cr in FY21; YoY growth was 12.23%.
  • CASA growth at 16.73% YoY; It grew from Rs 14,10,981 cr in FY20 to Rs 16,46,974 cr in FY21.
  • Current account grew from Rs 2,17,415 cr in FY20 to Rs 1,76,892 cr in FY21; YoY growth was 27.36%.
  • Savings account grew from Rs 11,93,566 cr in FY20 to Rs 13,70,082 cr in FY21; YoY growth was 14.79%.
  • 68% of new savings accounts opened through YONO in Q4FY21

 

Advances: 

  • Credit mix for FY21 was as follows: Personal -39.89%, Corporate - 37.52%, SME - 12.78%, Agri - 9.81%.
  • Retail Personal advances grew from Rs 7,47,589 cr in FY20 to Rs 8,70,711 cr in FY21; YoY growth was 16.5%.
  • Agri loans grew from Rs 2,06,067 cr in FY20 to Rs 2,14,151 cr in FY21; YoY growth was 4%.
  • SME loans grew from Rs 2,67,614 cr in FY20 to Rs 2,78,949 cr in FY21; YoY growth was 4.24%.
  • Corporate loans declined from Rs 8,44,215 cr in FY20 to Rs 8,18,705 cr in FY21; YoY decline was 3%.

 

 

Asset Quality: 

 

  • Total slippages in FY21 at Rs 28,564 cr. The slippage ratio was 1.18%.
  • Personal retail slippage ratio of 0.44%.
  • Gross NPA in FY21 was Rs 1,26,389 cr; Gross NPA Ratio as of march’21 is 5%.
  • Net NPA in FY21 was Rs 36,810 cr; Gross NPA Ratio as of march’21 is 1.5%.
  • PCR ratio as of March’21 was around 88%.

 

 

Digital Banking: 

 

  • 1.89 Mn+ SB accounts opened through YONO.
  • 28,288 avg. daily accounts opened.
  • 8.5 Mn YONO Cash transactions in Q4FY21.
  • 94,855 avg. daily YONO Cash transactions.
  • 37.09 Mn cumulative registrations (~4.1 Mn during Q4FY21)
  • 45,746 avg. daily registrations
  • Digital Lending (PAPL):  ~2.84 lac new PAPL A/c opened; INR 5,271.57 Cr PAPL disbursement.
  • YONO Krishi: ~46.7 K KCC Reviewed through YONO; INR 743 Cr Amount of KCC Reviewed; 2.89 lac+ KCC Reviewed on YONO since launch (Aug’20).
  • UPI: Number of UPI users: 148 Mn; Remit transactions handled (in FY21); 6149Mn Market share in remittances: 26.20% (Mar 2021).
  • Debit cards: No. of cards: Rs 293.30 Mn; Debit Card spends: around Rs 1188.50 Mn transactions and Rs 1895.03 bn spend during FY21.

 

 

SBI ESG:  

 

  • Engaging with external stakeholders: signed an MoU with Luxembourg Stock Exchange, to add impetus to ESG focused funds and bonds market.
  • Climate risk included as a risk factor in key risk assessments within the Bank.
  • Renewable energy portfolio: (as of March 2021)

No. of RE Projects financed: 752.

Capacity installed: 13,802 MW.

Deployed Amount: Rs 31,918 cr.

  • MSCI has given SBI’s ESG portfolio A rating as of Q3 FY21.
Attachments
File Name
private article suscription area icon

You like to know more. We like that!

Please subscribe Model Portfolio Plan to get access of all premium model portfolio articles Only at Rs 7499/Year.

Please login to view this free article.

This blog is available only for logged in users, please register and get access to view this article.

LATEST UPDATE

premium Premium
free Free
Read More

REPORTS


Chat on WhatsApp
Caret UP Arrow
InvestYadnya Support
Typically replies in minutes
InvestYadnya Support
Hi there
Welcome to InvestYadnya.
We are available to assist you on WhatsApp.
Please click on the button below to chat with us.
(10 AM to 7 PM IST)
16:10
Chat with InvestYadnya