{"id":129537,"date":"2022-05-16T04:24:42","date_gmt":"2022-05-16T08:24:42","guid":{"rendered":"https:\/\/44.250.171.167\/?p=129537"},"modified":"2022-10-06T03:24:14","modified_gmt":"2022-10-06T07:24:14","slug":"state-bank-of-india-q4-fy22-earnings-conference-call-insights","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/state-bank-of-india-q4-fy22-earnings-conference-call-insights\/","title":{"rendered":"State Bank of India Q4 FY22 Earnings Conference Call Insights"},"content":{"rendered":"<p><strong>Key highlights from State Bank of India (<a href=\"https:\/\/44.250.171.167\/symbol\/SBIN\/\">SBIN<\/a>) Q4 FY22 Earnings Concall<\/strong><\/p>\n<p><strong>Management Update:<\/strong><\/p>\n<ul>\n<li>SBIN said it clocked highest ever profit of INR31,676 crores for FY22, up 55.2% YoY.<\/li>\n<\/ul>\n<p><strong>Q&amp;A Highlights:<\/strong><\/p>\n<ul>\n<li>Mahrukh Adajania from Edelweiss asked about breakdown of loan book by benchmark rates. Dinesh Khara Chairman replied that T-bill was about 11%, MCLR about 41% and external benchmark was about 23%, mainly repo rates.<\/li>\n<\/ul>\n<ul>\n<li>Mahrukh Adajania from Edelweiss also asked about a lot of PSU banks seeing slippages in small loans below INR5 crores and if SBI is seeing any pressure in this segment. \u00a0Dinesh Khara Chairman said that the bank\u2019s smaller loan book has actually improved in terms of its NPA percentage compared to the past. So SBIN has not seen any such trend.<\/li>\n<\/ul>\n<ul>\n<li>Mahrukh Adajania from Edelweiss enquired if SBIN could quantify the slippage from ECLGS and the outstanding currently. Dinesh Khara Chairman answered that ECLGS outstanding is about INR32,000 crores currently and the slippages are less than 2%.<\/li>\n<\/ul>\n<ul>\n<li>Mahrukh Adajania from Edelweiss asked about SBIN\u2019s outlook on corporate capex. Dinesh Khara Chairman said that SBIN\u2019s working capital unutilized limits are about INR276,000 crores and working capital utilization has improved. And unutilized events were just about 46%.<\/li>\n<\/ul>\n<ul>\n<li>Mona Khetan with Dolat Capital asked about the segment-wise breakup of slippages from the INR2,800 crore slippage. Dinesh Khara Chairman replied that INR2,845 is 4Q slippage, with about INR1,200 in corporate and the same in agriculture. The remaining is retail and SME.<\/li>\n<\/ul>\n<ul>\n<li>Mona Khetan with Dolat Capital enquired about the restructured book and what percentage of the book has the moratorium ended and the billing started. Dinesh Khara Chairman replied that for 50% of the book the moratorium has already ended and repayment has started. In home loan book, SBIN has seen a situation where people have started repaying as per the original repayment schedule.<\/li>\n<\/ul>\n<ul>\n<li>Gaurav Kochar from Mirae Asset asked if anything else that could come up on the security receipts provision in FY23. Dinesh Khara Chairman said that as of now it is fully provided. But only if any new securities come then only SBIN will have to look at it.<\/li>\n<\/ul>\n<ul>\n<li>Gaurav Kochar from Mirae Asset also asked that now since the benchmark yields have started to move up, if it\u2019s going to affect the bond portfolio in any way. Dinesh Khara Chairman said that out of about INR14 lakh crore of treasury, SBIN\u2019s AFS book is INR5.6 lakh crore and the duration is 2.08 of which majority is HTM. Therefore with the increasing yields, SBIN should be benefited.<\/li>\n<\/ul>\n<ul>\n<li>Gaurav Kochar from Mirae Asset asked about SBIN\u2019s credit cost for FY23. Dinesh Khara Chairman answered that SBIN has set a boundary condition for itself as far as credit cost is concerned which is 1%. And the bank\u2019s effort and endeavor is to keep it as low as possible.<\/li>\n<\/ul>\n<ul>\n<li>Rakesh Kumar of Systematix Group asked if the company has sold anything to ARC in 4Q and if that number is getting reflected in the NPL recovery in 4Q. Dinesh Khara Chairman said that it\u2019s reflected in the recoveries and 4Q was 8 accounts and recovery was INR297 crores. For FY22, it\u2019s 23 accounts and the recovery in INR1,188 crores in all and cash was INR1,105 crores.<\/li>\n<\/ul>\n<ul>\n<li>Abhishek Murarka with HSBC asked about margins outlook, since there is benefit of CD ratio being low but also pressure on deposit rates. Dinesh Khara Chairman said the on margins, the kind of trend SBIN observed, the deposit interest rates move up with a lag and considering the 74% of the book is linked to MCLR, EBLR, and T-bill, SBIN should be in a position to see an improvement in NIM.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Key highlights from State Bank of India (SBIN) Q4 FY22 Earnings Concall Management Update: SBIN said it clocked highest ever profit of INR31,676 crores for FY22, up 55.2% YoY. Q&amp;A Highlights: Mahrukh Adajania from Edelweiss asked about breakdown of loan book by benchmark rates. Dinesh Khara Chairman replied that T-bill was about 11%, MCLR about [&hellip;]<\/p>\n","protected":false},"author":1767,"featured_media":125416,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[9825,392,1],"tags":[151],"class_list":["post-129537","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-call-highlights","category-earnings","category-finance-stocks","tag-banking"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":135876,"url":"https:\/\/alphastreet.com\/india\/state-bank-of-india-q2-fy23-earnings-conference-call-insights\/","url_meta":{"origin":129537,"position":0},"title":"State Bank of India Q2 FY23 Earnings Conference Call Insights","author":"Praveen","date":"November 8, 2022","format":false,"excerpt":"https:\/\/youtu.be\/W_FDVFWMDGI Key highlights from State Bank of India (SBIN) Q2 FY23 Earnings Concall Q&A Highlights: [00:12:07] Mahrukh Adajania of IDFC asked about margins, if for the next few quarters SBIN will continue to see margin expansion. Dinesh Khara Chairman answered that the bank will try to keep the NIM at\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":140241,"url":"https:\/\/alphastreet.com\/india\/state-bank-of-india-q3-fy23-earnings-conference-call-insights\/","url_meta":{"origin":129537,"position":1},"title":"State Bank of India Q3 FY23 Earnings Conference Call Insights","author":"Praveen","date":"February 6, 2023","format":false,"excerpt":"Key highlights from State Bank of India (SBIN) Q3 FY23 Earnings Concall Q&A Highlights: [00:11:08] Mahrukh Adajania from Nuvama enquired about write-offs being marginally higher in 3Q23. Dinesh Khara Chairman replied that write-offs is in the normal course of the business of about INR10,000 crores. Generally write-offs were taken towards\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":132599,"url":"https:\/\/alphastreet.com\/india\/state-bank-of-india-q1-fy23-earnings-conference-call-insights\/","url_meta":{"origin":129537,"position":2},"title":"State Bank of India Q1 FY23 Earnings Conference Call Insights","author":"Praveen","date":"August 8, 2022","format":false,"excerpt":"Key highlights from State Bank of India (SBIN) Q1 FY23 Earnings Concall Management Update: SBIN said its end-user mortgage portfolio for the bank had the best quarter in 1Q23. Q&A Highlights: Mahrukh Adajania from Edelweiss asked about international loans, which sectors contributed most to international growth. Dinesh Khara Chairman replied\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":127208,"url":"https:\/\/alphastreet.com\/india\/state-bank-of-india-q3-fy22-earnings-conference-call-insights\/","url_meta":{"origin":129537,"position":3},"title":"State Bank of India Q3 FY22 Earnings Conference Call Insights","author":"Praveen","date":"February 8, 2022","format":false,"excerpt":"https:\/\/www.youtube.com\/watch?v=xg48NKw32pY Key highlights from State Bank of India (SBIN) Q3 FY22 Earnings Concall Management Update: SBIN said its team is committed to deliver 15% plus ROE consistently over the long term and as credit growth picks up the bank expects the profitability ratios to improve further. Q&A Highlights: Mahrukh Adajania\u00a0\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":146733,"url":"https:\/\/alphastreet.com\/india\/state-bank-of-india-q4-fy23-earnings-conference-call-insights\/","url_meta":{"origin":129537,"position":4},"title":"State Bank of India Q4 FY23 Earnings Conference Call Insights","author":"Praveen","date":"May 19, 2023","format":false,"excerpt":"Key highlights from State Bank of India (SBIN) Q4 FY23 Earnings Concall Q&A Highlights: [00:13:08] An analyst asked about Bank's expectation for credit growth in FY24 and if there a risk of a material increase or impact on domestic margins due to deposit growth and pricing. Dinesh Khara Chairman said\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":133585,"url":"https:\/\/alphastreet.com\/india\/state-bank-of-india-sbin-q1-fy23-earnings-concall-transcript\/","url_meta":{"origin":129537,"position":5},"title":"State Bank of India (SBIN) Q1 FY23 Earnings Concall Transcript","author":"IRS_INDIA","date":"August 6, 2022","format":false,"excerpt":"State Bank of India\u00a0 (NSE:SBIN) Q1 FY23 Earnings Concall dated Aug. 06, 2022 Corporate Participants: Sanjay Kapoor -- General Manager, PPR Dinesh Kumar Khara -- ChairmanAlok Kumar Choudhary -- Managing Director, Retail Business and Operation Analysts: Mahrukh Adajania -- Edelweiss -- Analyst Unidentified Speaker -- Mona Khetan -- Dolat Capital\u2026","rel":"","context":"In &quot;Earnings Call Transcripts&quot;","block_context":{"text":"Earnings Call Transcripts","link":"https:\/\/alphastreet.com\/india\/category\/transcripts\/"},"img":{"alt_text":"Earnings Conference Call Transcript","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/129537","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1767"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=129537"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/129537\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/125416"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=129537"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=129537"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=129537"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}