Mrs. Arundhati Bhattacharya & her Team sets SBI into one of the largest Bank Globally – SBI Net Profit increased by 122.72% at Rs.2,815 Cr in Q4 FY-17

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SBI Financial Results 2017 - Kolkata 3
SBI Financial Results 2017 - Kolkata 3
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Azadi Ka Amrit Mahoutsav

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19 May 2017,Kolkata :-

State Bank of India (SBI) declared their financial figures here today with a super perfomence despite of demonetization and impact of global financial slowdown.

When the chairman of SBI Madam Arundhati Bhattacharjee enter the stage it was clear from the faces that SBI is rocking in numbers. A full house of Press at Kolkata with counters joining from Mumbai over video conference made it a grand meet to know SBI vital stats.

SBI Chairman is confident that by next couple of years SBI will grow further and consolidate the market and portfolios to become the most important financial institute not only in India but also at global level.

Increase in CASA ration and decrease in Net NPA % makes a much healthy sign with over all Asset quality improved from Q3-2016.

 

SBI STAND ALONE RESULTS

Q4FY17 OVER Q4FY16 

HIGHLIGHTS

  • Net Profit increased by 122.72% from Rs.1,264 Cr in Q4FY16 to Rs.2,815 Cr in Q4FY17.
  • Operating Profit increased by 12.93% from Rs.14,192 Cr in Q4FY16 to 16,026 Cr in Q4FY17.
  • Net Interest Income increased by 17.33% from Rs.15,401 Cr in Q4FY16 to Rs.18,071 Cr in Q4FY17.
  • Non-Interest Income decreased marginally by 2.43% from Rs.10,585 Cr in Q4FY16 to Rs.10,327 Cr in Q4FY17. The major contributors were Profit on Sale of Investments, Fee Income, Forex Income and Recovery in Written-Off Accounts.
  • Fee Income increased by 4.91% from Rs.5,794 Cr in Q4FY16 to Rs.6,078 Cr in Q4FY17.
  • Operating Income increased by 9.28% from Rs.25,986 Cr in Q4FY16 to Rs.28,398 Cr in Q4FY17.

PROFITABILITY

  • Total Interest Income increased by 10.36% from Rs.42,942 Cr in Q4FY16 to Rs.47,393 Cr in Q4FY17.
  • Interest Income on Advances increased from Rs.29,242 Cr in Q4FY16 to Rs.29,861 Cr in Q4FY17 (2.12%). The lower growth is mainly due to reduction in Base Rate / MCLR during the period.
  • Interest Income on Resources Operations increased from Rs.11,113 Cr in Q4FY16 to Rs.14,395 Cr in Q4FY17 (29.53%).
  • Total Interest Expenses increased from Rs.27,541 Cr in Q4FY16 to Rs.29,322 Cr in Q4FY17 (6.47%).
  • Interest Expenses on Deposits increased from Rs.25,103 Cr in Q4FY16 to Rs.27,264 Cr in Q4FY17 (8.61%).
  • Operating Expenses increased from Rs.11,794 Cr in Q4FY16 to Rs.12,372 Cr in Q4FY17 (4.89%).
  • Staff Expenses decreased from Rs.6,943 Cr in Q4FY16 to Rs.6,242 Cr in Q4FY17 (-10.09%).
  • Overheads increased from Rs.4,852 Cr in Q4FY16 to Rs.6,130 Cr in Q4FY17 (26.34%).

FY17 OVER FY16 

  • Operating Profit increased from Rs.43,258 Cr in FY16 to Rs. 50,848 Cr in FY17 (17.55% YOY growth)
  • Interest Income on Advances increased from Rs.1,15,666 Cr in FY16 to Rs.1,19,510 Cr in FY17 (3.32%YOY growth).
  • Interest Income on Resources Operations increased from Rs.42,925 Cr in FY16 to Rs.49,959 Cr in FY17 (16.39%YOY growth).
  • Interest Expenses on Deposits increased from Rs.98,865 Cr in FY16 to Rs.1,05,599 Cr in FY17 (6.81%YOY growth).
  • Non-Interest Income increased from Rs.27,845 Cr in FY16 to Rs.35,461 Cr in FY17 (27.35%YOY growth).
  • Fee Income increased from Rs.15,658 Cr in FY16 to Rs.17,803 Cr in FY17 (13.70% YOY growth)
  • Staff Expenses increased from Rs.25,114 Cr in FY16 to Rs.26,489 Cr in FY17 (5.48%YOY growth).
  • Overheads increased from Rs.16,669 Cr in FY16 to Rs.19,983 Cr in FY17 (19.89%YOY growth).
  • Operating Expenses increased from Rs 41,782 Cr in FY16 to Rs.46,473 Cr in FY17 (11.23% YOY growth).
  • Net Profit increased by 5.36% from Rs.9,951 Cr in FY16 to Rs.10,484 Cr in FY17.

DEPOSITS

  • Deposits of the Bank increased from Rs.17,30,722 Cr as on Mar 16 to Rs.20,44,751 Cr as on Mar 17 (18.14%.YOY growth)
  • Savings Bank Deposits increased from Rs.5,81,564 Cr as on Mar 16 to Rs.7,43,286 Cr as on Mar 17 (27.81% YOY growth).
  • Current Account Deposits increased from Rs.1,35,768 Cr as on Mar 16 to 1,47,123 Cr as on Mar 17 (8.36% YOY growth).
  • CASA Deposits increased from Rs.7,17,332 Cr as on Mar 16 to Rs.8,90,409 Cr as on Mar 17 (24.13% YOY growth).
  • Market Share in Deposits improved by 38 bps from 17.67% in Mar 16 to 18.05% as on Mar 17.

ADVANCES

  • Gross Advances increased from Rs.15,09,500 Cr as on Mar 16 to Rs.16,27,273 Cr as on Mar 17 (7.80% YOY growth).
  • Large Corporate Advances increased from Rs.3,30,136 Cr as on Mar 16 to Rs.3,41,990 Cr as on Mar 17 (3.59% YOY growth).
  • Mid Corporate Advances stable at Rs.2,42,947 Cr as on Mar 17 as against Rs.2,42,443 Cr as on Mar 17 (0.21% YOY growth)
  • Retail Advances increased from Rs.3,26,988 Cr as on Mar 16 to Rs.3,96,239 Cr as on Mar 17 (21.18% YOY growth). Home loans increased from Rs.1,90,552 Cr as on Mar 16 to Rs.2,22,605 Cr as on Mar 17 (16.82% YOY growth).
  • SME Advances increased from Rs.2,17,735 Cr as on Mar 16 to Rs.2,25,153 Cr as on Mar 17 (3.41% YOY growth).
  • Agri Advances increased from Rs.1,25,381 Cr as on Mar 16 to Rs.1,34,725 Cr as on Mar 17 (7.45% YOY growth).
  • International Advances increased from Rs.2,66,817 Cr as on Mar 16 to Rs.2,86,219 Cr as on Mar 17 (7.27% YOY growth).

ASSET QUALITY:

  Gross NPA (%) Net NPA (%) PCR(%)
Mar 16 6.50 3.81 60.69
June 16 6.94 4.05 61.57
Sep 16 7.14 4.19 62.12
Dec 16 7.23 4.24 62.87
Mar 17 6.90 3.71 65.95

 

  • Gross NPAs increased from 98,173 Cr as on Mar 16 to Rs.1,12,343 Cr as on Mar 17.

KEY FINANCIAL RATIOS (SBI):

  • Return on Equity declined by 49 bps to 7.25% as on Mar 17 from 7.74% as on Mar 16 and by 21 bps sequentially.
  • Return on Assets declined marginally by 5 bps from 0.46% as on Mar 16 to 0.41% as on Mar 17, while sequentially it remained stable.
  • Average Cost of Deposits declined by 43 bps from 6.22% as on Mar 16 to 5.79% as on Mar 17 and by 7 bps sequentially from 5.86% as on Dec 16.
  • Average Yield on Advances declined by 58 bps from 10.00% as on Mar 16 to 9.42% as on Mar 17 and by 4 bps sequentially from 9.46% as on Dec 16.
  • Cost to Income Ratio declined by 138 bps YOY from 49.13% as on Mar 16 to 47.75% as on Mar 17 and by 173 bps sequentially from 49.48% as on Dec 16.
  • CASA Ratio was healthy at 45.58% as on Mar 17, which increased from 43.84% as on Mar 16, a growth of 174 bps. The average CASA Ratio was at 43.49% as on Mar 17.
  • Net Interest Margin (Domestic) declined by 16 bps YOY to 3.11% as on Mar 17 from 27% as on Mar 16 and increased by 8 bps sequentially from 3.03% as on Dec 16.

Performance of SBI Group: 

  • Gross NPA Ratio for SBI Group increased from 6.40% as on Mar 16 to 9.04% as on Mar 17, while Net NPA Ratio increased from 3.73% as on Mar 16 to 5.15% as on Mar 17.
  • Net Profit (after minority interest) of SBI Group declined from Rs.12,225 Cr in FY16 to Rs.241 Cr in FY17.

===============

ANNEXURE

Details of Profit and Loss account for standalone are as follows: Rs. in Crores 

2015-16 2016-17 Growth FY17 Over FY16 Growth Q4FY17 Over Q4FY16
Q4 FY16 Q4 FY17 % %
Interest on Advances 29242 115666 29861 119510 3.32 2.12
Int on Resources Operations 11113 42925 14395 49959 16.39 29.53
Others Sundry Interest income 2586 5407 3137 6049 11.88 21.28
Total Interest Income 42942 163998 47393 175518 7.02 10.36
Interest on Deposits 25103 98865 27264 105599 6.81 8.61
Interest on Borrowings 1427 4154 1000 3837 -7.63 -29.94
Others Sundry Interest paid 1011 3784 1058 4222 11.58 4.68
Total Interest Expenses 27541 106803 29322 113659 6.42 6.47
Net Interest Income 15401 57195 18071 61860 8.16 17.33
Non-Interest Income 10585 27845 10327 35461 27.35 -2.43
Operating Income 25986 85040 28398 97321 14.44 9.28
Staff Expenses 6943 25114 6242 26489 5.48 -10.09
Overhead Expenses 4852 16669 6130 19983 19.89 26.34
Operating Expenses 11794 41782 12372 46473 11.23 4.89
Operating Profit 14192 43258 16026 50848 17.55 12.93
Income Tax Provisions -246 3823 1472 4371 14.32
Loan Loss Provisions 12139 26984 10993 32247 19.50 -9.44
Investment Depreciation -6 150 78 298 99.52
Standard Assets Provision 996 2158 289 2500 15.86 -70.96
Other Provisions 45 192 380 948
Total Provisions 12928 33307 13212 40364 21.19 2.19
Net Profit 1264 9951 2815 10484 5.36 122.72

 *** Source SBI Report

About Post Author

Suman Munshi

Founder Editor of IBG NEWS (15/Mar/2012- 09/Aug/2018). Recipient of Udar Akash Rokeya Shakhawat Hossain Award 2018. National Geographic & Canon Wild Clicks 2011 jury and public poll winner. Studied Post Graduate Advance Dip in Computer Sc., MBA IT,LIMS (USA & Australia), GxP(USA & UK),BA (Sociology) Dip in Journalism (Ireland), Diploma in Vedic Astrology, Numerology, Palmistry, Vastu Shastra & Feng Sui 25 years in the digital & IT industry with Global MNCs' worked & traveled in USA, UK, Europe, Singapore, Australia, Bangladesh & many other countries. Education and Training advance management and R&D Technology from India, USA, UK, Australia. Over 30 Certification from Global leaders in R&D and Education. Computer Science Teacher, IT & LIMS expert with a wide fan following in his community. General Secretary West Bengal State Committee of All Indian Reporter’s Association
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