SBI Q4 - 10 things to know with detail
- 1. Net profit: State Bank of India (SBI) reported a net profit of Rs 6,451 crore for the fourth quarter of the financial year 2020-21, a 80.15% increase from the same period last year.
- 2. NII and NIM: The Net Interest Income (NII) of SBI stood at Rs 27,067 crore, a 18.9% increase year-on-year. The Net Interest Margin (NIM) was reported at 3.15%.
- 3. Gross NPA and Net NPA: The Gross Non-Performing Assets (NPA) of SBI decreased to 4.98% from 5.44% in the previous quarter. The Net NPA also decreased to 1.5% from 1.8% in the previous quarter.
- 4. Provisions: The bank made provisions worth Rs 11,894 crore during the quarter, a 19% increase from the same period last year.
- 5. Total deposits: SBI reported total deposits of Rs 36.9 lakh crore as of March 2021, an increase of 13.64% year-on-year.
- 6. Advances: The total advances of SBI stood at Rs 24.3 lakh crore as of March 2021, a 5.6% increase year-on-year.
- 7. CASA ratio: The CASA (Current Account Savings Account) ratio of SBI improved to 45.9% as of March 2021, compared to 43.8% in the previous quarter.
- 8. Capital adequacy: The Capital Adequacy Ratio (CAR) of SBI stood at 14.94% as of March 2021, well above the regulatory requirement.
- 9. Dividend: The board of SBI has recommended a dividend of Rs 4 per share for the financial year 2020-21.
- 10. Asset quality: SBI reported improvement in asset quality with a decrease in NPA levels and higher provisioning during the quarter, indicating better risk management and financial health of the bank.