SBI Research Tear Sheets Q3 FY 2022

State Bank of India (SBI) is an Indian multinational public sector bank. The company is headquartered in Mumbai, Maharashtra. It is the 43^rd largest bank in the world. It was incorporated in 1955. It has its operation worldwide. Stocks are traded in BSE, NSE.

Key Financial Highlights

In Rs Crores	Q3 22	Q3 21
Interest Income	69,678	66,734
Interest Expenses	38,991	37,915
Net Interest Income	30,687	28,820
Operating Profit	18,522	17,333
Profit after tax	8,432	5,196

Quarterly net profit increased by 62.27% toRs. 8,432 crores.

Return on Equity increased 452 bps.

Net Interest Income (NII) for Q3FY22 increased by 6.48% YoY.

Operating Profit grew 6.86% YoY to Rs. 18,522 crores.

Total Deposits grew at 8.83% YoY.

Gross NPA ratio decreased by 94 bps YoY to 4.5%.

Business Highlights

SBI has crossed 4.54 Cr customers in digital banking.

28.9K digital accounts opened.

1.07 Lakhs is the cardless cash withdrawal per day.

Mutual Fund sales have increased 5 times in Q3 FY 22.

Total number of UPI users has reached 175 Million.

279.7 Million Card been issued.

Loans:  SBI has sanctioned Krishi Agri Gold Loan for Rs.8,551 Crores. Personal Loan of ~Rs.6,283 Crores been disbursed. Repo linked loan book is about 0.24%

Management Updates

The ROE has improved from 9.49% to 14.01% Y-o-Y basis.

The Non Performing Asset ratio of the bank has declined from 4.9% to 4.5%.

The net NPA stood at 34,540 crores.

The CET1 ratio of the bank is at 9.38%.

YONO has acquired 4.54 Cr. Customers.