Q4 FY 2023 Key Highlights (Y-o-Y)
| Parameter | Q4 FY 2022 | Q4 FY 2023 | Growth % |
| Operating Profit (in Cr) | 317 | 536 | 69.09 |
| Net Profit (in Cr) | 346 | 457 | 32.08 |
| Return on Assets (RoA) | 1.10 | 1.33 | 23 bps |
| Return on Equity (RoE) | 25.84 | 28.43 | 259 bps |
| Yield on Advances (YoA) | 7.13 | 7.85 | 72 bps |
| Cost-to-Income Ratio | 65.19 | 56.45 | (874) bps |
| Non-Interest Income (in Cr) | 215 | 547 | 154.42 |
| Total Business (in Cr) | 172524 | 190647 | 10.50 |
| Credit-Deposit Ratio | 68.91 | 73.84 | 493 bps |
| Slippage Ratio | 0.76 | 0.63 | (13) bps |
| Gross NPA (%) | 12.17 | 6.97 | (520) bps |
| Net NPA (%) | 2.74 | 1.84 | (90) bps |
| Recovery and Up-gradation
(in Cr) |
553 | 1153 | 108.50 |
| Credit Cost | 0.01 | (0.38) | (0.39) |
Key Summary of Business Performance (as on 31st March 2023)
Y-o-Y Performance (Financial Year):
| Parameter | FY 2022 | FY 2023 | Growth % |
| Operating Profit (in Cr) | 1330 | 1450 | 9.02 |
| Net Profit (in Cr) | 1039 | 1313 | 26.37 |
| Net Interest Income (in Cr) | 2652 | 2973 | 12.10 |
| Return on Assets (RoA) | 0.85 | 0.98 | 13 bps |
| Return on Equity (RoE) | 20.42 | 22.18 | 176 bps |
| Yield on Advances (YoA) | 7.20 | 7.67 | 47 bps |
| Net Interest Margin (NIM) | 2.80 | 2.91 | 11 bps |
| Cost-to-Income Ratio | 63.16 | 62.95 | (21) bps |
| Credit-Deposit Ratio | 68.91 | 73.84 | 493 bps |
| Gross NPA (%) | 12.17 | 6.97 | (520) bps |
| Net NPA (%) | 2.74 | 1.84 | (90) bps |
| Provision Coverage Ratio (PCR) | 87.89 | 89.06 | 117 bps |
| Total Deposit (in Cr) | 102137 | 109665 | 7.37 |
| Gross Advances (in Cr) | 70387 | 80982 | 15.05 |
| RAM Advances (in Cr) | 35692 | 43082 | 20.70 |
Q-o-Q Performance (Sequential):
| Parameter | Q3 FY 2023 | Q4 FY 2023 | Growth % |
| Operating Profit (in Cr) | 344 | 536 | 55.81 |
| Net Profit (in Cr) | 373 | 457 | 22.52 |
| Credit-Deposit Ratio | 71.00 | 73.84 | 284 bps |
| Cost-to-Income Ratio | 63.47 | 56.45 | (702) bps |
| Non-Interest Income (in Cr) | 138 | 547 | 296.38 |
| Return on Assets (RoA) | 1.11 | 1.33 | 22 bps |
| Return on Equity (RoE) | 26.09 | 28.43 | 234 bps |
| Gross NPA (%) | 8.36 | 6.97 | (139) bps |
| Net NPA (%) | 2.02 | 1.84 | (18) bps |
| Recovery and Up-gradation
(in Cr) |
596 | 1153 | 93.46 |
| Total Business (in Cr) | 187242 | 190647 | 1.82 |
Key Summary of Business Performance (as on 31st March 2023)
Priority Sector Advance and Financial Inclusion:
- Bank surpasses the targets in Priority Sector Advance which stands at 54.99% and Agriculture Advance at 20.67% of ANBC, as on March 2023, against the regulatory target of 40% and 18% respectively.
- Credit to Small and Marginal farmers stands at 11.06% of ANBC, against the regulatory target of 9.50%.
- Credit to Weaker Sections stands at 12.68% of ANBC, against the regulatory target of 11.50%.
- Credit to Micro Enterprises stands at 14.31% of ANBC, against the regulatory target of 7.50%.
- Bank is having 19.30 lakh PMJDY accounts with balance of deposits of Rs.558 Cr as at March 2023.Capital Position:
- Capital Adequacy ratio (CRAR) at 17.10% with Common Equity Tier 1 (CET-1) ratio of 14.32% at the end of March 2023.Distribution Network:
- As on 31st March 2023, Bank has 1537 number of branches, out of which 572 are Rural, 281 Semi-Urban, 362 Urban and 322 Metro along with 835 number of ATMs, 357 Business Correspondents.
- Bank has recently opened 25 new branches in PAN India, total number of branches stands at 1553 as on date.Awards & Accolades:
- Best Emerging Bank at MSME Banking Excellence Award.
- 1st Position under “Exemplary Gold Award” in Leadership Capital 4.0 by PFRDA.
- Runner-up in “Best Digital Financial Inclusion” declared by IBA.
- 3rd Position in “Door-step Banking Udaan Campaign” by PSB Alliance Private Limited.
