SBI Research Tear Sheet Q4 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 on BSE, NSE.

Key Financial Highlights

In Rs Crores	Q4FY22	Q4FY21
Net Interest Income	70,733	65,102
Operating Profit	19,717	19,700
Profit after tax	9,114	6,451

Standalone Highlights

Net Profit increased by 41.28% YoY to Rs. 9,114 crores.

Net Interest Income shows an increment of 15.26% YoY.

CorporateLoans has also registered growth of 11.15% QoQ during Q4FY22.

Consolidated Highlights

In  FY2022 the Operating Profit improved by 5.22% YoY to Rs. 75,292 crores.

Net Profit improved by 55.19% YoY to Rs. 31,676 crores in FY22.

The card spends increased by 52% YoY in FY22 to Rs 186,353 crores.

PAT increased by 64% to Rs 1,616 crores in FY’22.

Slippages declined by 12.40% YoY to Rs 25,021 crores for FY22.

Management talk

“Amidst these extraordinary global and financial challenges that the world has faced in financial year 22 the Bank has again delivered good outcomes in various profitability and asset quality parameters. This is an indication of the flexibility and strength of our operating model and the stupendous efforts put in by the team in the State Bank of India. This has helped us to close financial 2022 with robust results, which affirm our commitment to maintain our leadership position, and set the tone maintaining the momentum in financial year 2023.”

MR. DINESH KUMAR KHARA CHAIRMAN, STATE BANK OF INDIA

Management updates

The Gross NPA ratio shows a steady decline by 101 bps YoY to 3.97%.

The Net NPA ratio declined by 48 bps YoY to  1.02%.

Return on Assets (RoA) improved by 19 bps YoY to 0.67%

The credit card base has reached to 71.7 million.

63% of savings accounts opened through YONO in FY22.

ROE stood at 13.92% has increased by 398 basis points.

The dividend declared 710% that is Rs. 7.10 per share.