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Check Earnings Results Of These Banks Before Entering Trade On Monday!

ICICI:

India’s second-largest private sector bank posted 50 percent year-on-year growth in standalone profit at Rs 6,905 crore for the quarter ended June 2022 against Rs 4,616 crore in the year-ago quarter. 

 Net interest income rose by 20.8 percent to Rs 13,210 crore from Rs 10,936 crore reported in last fiscal’s June quarter.  There was a 21 percent growth in advances and a 13 percent increase in deposits on year.

The net interest margin stood at 4.01 percent in the June quarter up from 3.89 percent in Q1FY22 and 4 percent in Q4FY22.

The loan book rose 21 percent YoY to Rs 8.95 lakh crore for the June quarter, with domestic book increasing 22 percent and retail loan portfolio, representing 53 percent of the total loan book, increasing by 24 percent during the quarter.

Corporate loan growth came in at 14.4 percent. The bank’s total period-end deposits rose 13 percent YoY to Rs 10.5 lakh crore in Q1FY23.

Non-interest income (other income) saw an increase of 16.75 percent YoY to Rs 4,665.2 crore, with fee income growth coming at 32 percent YoY. On a consolidated basis, the bank’s June quarter profit was at Rs 7,384.53 crore, up 55 percent from the year-ago period. Total income in Q1FY23 was Rs 39,218.33 crore, up 11 percent growth YoY.

Yes Bank:

Yes Bank posted 50.17 percent year-on-year (YoY) growth in profit after tax (PAT) at Rs 310.63 crore against Rs 206.84 crore in the year-ago period.

 

Net interest income (NII) rose 32 percent to Rs 1,850 crore, with 14 percent YoY credit growth and an 18 percent increase in deposits to Rs 1,93,241 crore. Net interest margin (NIM) in the June quarter was 2.4 percent, up nearly 30 bps YoY.

A decrease in slippages, which came in at Rs 1,072 crore compared to Rs 2,233 crore in the comparable quarter of the previous fiscal, helped in lowering provisions for bad loans for the quarter, which came in at Rs 175 crore, a fall of 62 percent YoY and 36 percent QoQ.

Net NPAs at 4.2 percent decreased by 30 bps sequentially, while gross non-performing assets as a percentage of gross loans for the quarter declined by 50 bps QoQ to 13.4 percent.

Kotak Mahindra:

The private sector bank reported a net profit in Q1FY23 at ₹ ₹2,071.10 crore, up 26.10 percent from its net profit of ₹1,641.90 crore in Q1FY22.

The Bank’s net interest income surged 19.20 percent from ₹3,941.70 crore in Q1FY22 to ₹4,697 crore in April to June 2022 quarter. The total income of the private lender in the first quarter stood at ₹11,658.94 crore against ₹12,571.61 crore in Q1 FY22. Provisions and contingencies fell by 97 percent year-on-year to Rs 23.59 crore in Q1FY23 against Rs 703.52 crore in Q1FY22. 

In Q1FY23, net non-performing assets decreased by 2 bps to 0.62 percent, while gross non-performing assets decreased by 10 bps sequentially to 2.24 percent of gross loans. Gross bad loans made up 3.58 percent of the loan book one year ago. 

Bandhan Bank:

Bandhan Bank in the June quarter posted a net profit of Rs 886.5 crore increasing over two times from the net profit of Rs 373.1 crore registered in the year-ago period.

Total income increased to Rs 2,844.1 crore in Q1FY23 from Rs 2,731 crore a year ago. The interest income of the bank increased to Rs 2,514.4 crore in the quarter from Rs 2,114.1 crore in the year-ago period.

On the asset quality front, the bank’s gross non-performing assets (NPAs) plummeted to 7.25 per cent of gross advances during Q1FY23 from 8.18 percent in FY22.

Net NPA fell 1.92 percent from 3.29 percent a year ago. Therefore, provision for bad loans and contingencies came down to Rs 642.43 crore in the first quarter from Rs 1,460.86 crore a year ago.

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