SBI registered a Net Profit of Rs 6451 cr in Q4FY21 vs Rs 3581 cr in Q4FY20, an increase of 80.15% yoy. Sequentially Net Profit has increased by 24.14%. SBI registered an Operating Profit of Rs 19700 cr in Q4FY21 vs Rs 18465 cr , up 6.69% yoy and up 13.66% QoQ. Net Profit for FY21 at Rs 20410 cr has increased by 40.88% YoY as against Rs 14488 cr in FY20. Net Interest Income for Q4FY21 increased by 18.89% YoY.

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SBI Domestic NIM for FY21 at 3.26%, has improved by 7 bps YoY. Non-Interest Income for Q4FY21 at Rs 16225 cr grew by 75.48% sequentially and 0.92% YoY. Total Deposits grew at 13.56% YoY, out of which Current Account Deposit grew by 27.36% YoY, while Saving Bank Deposits grew by 14.79% YoY. Domestic Credit Growth stood at 5.67% YoY, mainly driven by Retail (Personal) Advances (16.47% YoY), SME (4.24% YoY) and Agri Advances (3.92% YoY). Including the YoY growth in Corporate Bonds / CPs of Rs 51811 cr, the loan book has grown by 6.53% YoY. Home loan, which constitutes 23% of Bank’s domestic advances, has grown by 10.51% YoY. Net NPA ratio at 1.50% is down 73 bps YoY. Gross NPA ratio at 4.98% is down 117 bps YoY. Provision Coverage Ratio (PCR) has improved to 87.75%, up 413 bps YoY.

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SBI Slippages Ratio for FY21 has declined to 1.18% from 2.16% as at the end of FY20. Credit Cost as at the end of FY21 has declined 75 bps YoY to 1.12%. Cost to Income Ratio has marginally increased from 52.46% in FY20 to 53.60% in FY21. Capital Adequacy Ratio (CAR) has improved by 68 bps YoY to 13.74% as on Mar 2021. SBI Return on Assets (RoA) increased by 10 bps YoY to 0.48% in FY21 vs 0.38% YoY. SBI Share of Alternate Channels in total transactions has increased from 91% in FY20 to 93% in FY21.