Key Business Highlights for the Quarter ended June 30, 2023:
Deposits being driven by retail mix
• Total deposits grew 44%/4% YoY/QoQ to ₹ 26,655 crore from ₹ 18,449 crore/ ₹ 25,538 crore in Jun’22/Mar’23 • Excess liquidity brought down, moving towards comfortable level
• CASA growth moderate, continued movement from CASA to term deposits; up 27% YoY, down 3% QoQ
| Particulars (₹ in Crores) | Jun 30, 2023 | Jun 30, 2022 | Y-o-Y | Mar 31, 2023 | Q-o-Q |
| Total Deposits | 26,655 | 18,449 | 44% | 25,538 | 4% |
| CASA | 6,550 | 5,155 | 27% | 6,744 | (3)% |
| CASA Ratio | 24.6% | 27.9% | 26.4% |
Disbursement and Advances: Robust growth continues
• Advances are up 31%/5% YoY/QoQ to ₹ 25,346 crore from ₹ 19,409 crore/ ₹ 24,085 crore in Jun’22/Mar’23 • Disbursement momentum continues to show strength with 22% YoY growth; ₹ 5,280 crore for Q1FY24 – driven by robust growth in Microbanking, Housing and FIG
• Affordable Housing#continues strong quarterly disbursement with ₹ 418 crore up 45% YoY; Gross loan book close to ₹ 3,700 crore book
| Particulars (₹ in Crores) | Jun 30, 2023 | Jun 30, 2022 | Y-o-Y | Mar 31, 2023 | Q-o-Q |
| Gross Loan Book* | 25,346 | 19,409 | 31% | 24,085 | 5% |
| Disbursements | 5,280 | 4,327 | 22% | 6,001 | (12)% |
Note – *Jun’23/ Mar’23/Jun’22 includes ₹ 2,573 crore/ ₹ 2,174 crore/ ₹ 1,794 crore of IBPC/ Securitization; Figures in ( ) indicate negative number; # including MLAP
Collections continue to be strong leading to further improvement in GNPA
• Strong collections across all buckets including restructured and NPA book. NDA collections in MicroBanking at 99.5%+ in line with pre-covid days
• Credit quality continues to improve with PAR/GNPA at 3.8%/2.4% vs 3.8%/2.6% as on Mar 31, 2023
| Particulars (₹ in Crores) | Jun 30, 2023 | Mar 31, 2023 | Jun 30, 2022 |
| PAR | 3.8% | 3.8% | 7.9% |
| GNPA | 2.4% | 2.6% | 5.9% |
| Particulars | Jun’23 | May’23 | Apr’23 |
| Collection Efficiency (including foreclosure/ advance etc.) | 110% | 110% | 111% |
| Collection Efficiency | 99% | 99% | 99% |
The information with reference to Q1-FY24 is provisional and subject to an audit by the statutory auditors of the Bank. We request you to bring the above to the notice of all concerned.
