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    Ii. Financial Performance: Assets and Liabilities Net Interest Income

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    Anuska Mohanty
    1) The bank saw increases in total assets, loan portfolio, and investments over the past fiscal year, while net interest income and non-interest income also grew substantially. 2) Operating profit for FY2020 was Rs. 68133 crore, up 22.9% from the previous year. Net profit increased even more dramatically, from Rs. 862 crore to Rs. 14488 crore (a 1580% increase). 3) Major provisions made included Rs. 42776 crore for non-performing assets and Rs. 539 crore for investment depreciation, while the provision coverage ratio improved to 83.62%.

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    Ii. Financial Performance: Assets and Liabilities Net Interest Income

    Uploaded by

    Anuska Mohanty
    17 views2 pages
    1) The bank saw increases in total assets, loan portfolio, and investments over the past fiscal year, while net interest income and non-interest income also grew substantially. 2) Operating profit for FY2020 was Rs. 68133 crore, up 22.9% from the previous year. Net profit increased even more dramatically, from Rs. 862 crore to Rs. 14488 crore (a 1580% increase). 3) Major provisions made included Rs. 42776 crore for non-performing assets and Rs. 539 crore for investment depreciation, while the provision coverage ratio improved to 83.62%.

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    1) The bank saw increases in total assets, loan portfolio, and investments over the past fiscal year, while net interest income and non-interest income also grew substantially. 2) Operating profit for FY2020 was Rs. 68133 crore, up 22.9% from the previous year. Net profit increased even more dramatically, from Rs. 862 crore to Rs. 14488 crore (a 1580% increase). 3) Major provisions made included Rs. 42776 crore for non-performing assets and Rs. 539 crore for investment depreciation, while the provision coverage ratio improved to 83.62%.

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    Download as pdf or txt
    17 views2 pages

    Ii. Financial Performance: Assets and Liabilities Net Interest Income

    Uploaded by

    Anuska Mohanty
    1) The bank saw increases in total assets, loan portfolio, and investments over the past fiscal year, while net interest income and non-interest income also grew substantially. 2) Operating profit for FY2020 was Rs. 68133 crore, up 22.9% from the previous year. Net profit increased even more dramatically, from Rs. 862 crore to Rs. 14488 crore (a 1580% increase). 3) Major provisions made included Rs. 42776 crore for non-performing assets and Rs. 539 crore for investment depreciation, while the provision coverage ratio improved to 83.62%.

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    of 2

    DIRECTORS’ REPORT

    II. FINANCIAL PERFORMANCE


    ASSETS AND LIABILITIES NET INTEREST INCOME We are an enterprising bank
    Total assets of your Bank have increased Net interest income increased by 11.02% that delivers performance
    by 7.35% from `36,80,914.25 crore at from `88,348.87 crore in FY2019 to through innovation, technology
    the end of March 2019 to `39,51,393.92 `98,084.83 crore in FY2020. Total interest
    crore as at the end of March 2020. During income increased from `2,42,868.65 and reach. We are highly
    the period, the loan portfolio increased crore in FY2019 to `2,57,323.59 crore in focused on strengthening
    by 6.38% from `21,85,876.92 crore, FY2020 registering a growth of 5.95%.
    to `23,25,289.56 crore. Investments our balance sheet to
    increased by 8.27% from `9,67,021.95 Total interest expenses increased create enduring value for
    crore to `10,46,954.52 crore as at the from `1,54,519.78 crore in FY2019 to
    end of March 2020. A major portion of the `1,59,238.77 crore in FY2020. Interest all our stakeholders.
    investment was in the domestic market in expenses on deposits during FY2020
    government securities. recorded an increase of 5.08%, compared
    to the previous year.
    Your Bank’s aggregate liabilities
    (excluding capital and reserves) rose by OPERATING PROFIT
    7.50% from `34,60,000.42 crore as on Net Interest Income
    31st March 2019 to `37,19,386.49 crore The Operating Profit of your Bank for
    as on 31st March 2020. The deposits rose FY2020 was at `68,132.61 crore as
    (` Crore)
    by 11.34% and stood at `32,41,620.73 compared to `55,436.03 crore in FY2019
    crore as on 31st March 2020 against (including exceptional item of `6,215.64
    11.02%
    `29,11,386.01 crore as on 31st March crore in the FY2020 and `1,560.55 crore
    98085
    2019. The borrowings decreased by in FY2019). Your Bank posted a Net
    21.92% from `4,03,017.12 crore at the end Profit of `14,488.11 crore for FY2020, as
    of March 2019 to `3,14,655.65 crore as at compared to a Net Profit of `862.23 crore
    the end of March 2020. in FY2019.
    88349

    Return on Assets
    1580%
    YoY Growth in
    Net Profit

    0.38%
    FY FY
    2019 2020
    36bps

    Operating Profit
    NON INTEREST INCOME
    AND EXPENSES (` Crore)

    Non-interest income increased by 22.97%


    22.90%
    to `45,221.48 crore in FY2020 as against 68133
    `36,774.89 crore in FY2019. During the
    year, your Bank received an income of 55436
    0.02% `212.03 crore (`348.01 crore in FY2019)
    by way of dividends from subsidiaries
    FY FY
    2019 2020 and joint ventures in India and abroad,
    and `8,575.65 crore (`3,146.86 crore
    in FY2019) by way of profit on sale of
    investments.

    22.97%
    YoY Growth in Non
    FY
    2019
    FY
    2020

    Interest Income

    38  | Annual Report 2019-20


    DIRECTORS’ REPORT

    PROVISIONS AND RESERVES AND


    CONTINGENCIES SURPLUS Ab
    Major provisions made in FY2020:
    Provision of `42,775.96 crore for non-
    An amount of `4,346.43 crore (as against
    `258.67 crore in FY2019) was transferred
    instant coffee
    performing assets (as against `54,529.06 to Statutory Reserves. An amount of ke sath
    `3,985.84 crore (as against `379.21 crore
    crore in FY2019) and Investment
    depreciation of `538.55 crore (as against in FY2019) was transferred to Capital karo instant
    a write back of `762.09 crore in FY2019) Reserves. An amount of `302.26 crore
    (as against transfer of `371.84 crore in
    investments.
    was made during the year.
    FY2019) was withdrawn from Investment Now, invest in just
    reserve. An amount of `183.50 crore (as under a minute.

    83.62%
    against `194.05 crore in FY2019) was
    transferred from Revaluation Reserve to
    General Reserve. An amount of `1,119.88
    #SayYoToLife
    Provision Coverage
    Ratio for FY2020 crore (as against Nil in FY2019) was
    transferred to Investment Fluctuation
    Reserve.

    Provision Coverage Ratio PROGRESS OF


    IMPLEMENTATION OF
    (Including AUCA)
    IND AS
    Steering Committee headed by
    83.62% Managing Director (Stressed Assets,
    Risk & Compliance) has been monitoring
    78.73% implementation of Ind AS in the Bank.
    Your Bank is already geared up for
    implementation of Ind AS. However,
    implementation of Ind AS in Banks has
    been deferred by RBI until further notice.
    Lifestyle & banking, dono.
    no..
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    o.sbi

    FY FY
    2019 2020

     | Annual Report 2019-20 39

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