State Bank of India Q4 FY22 Earnings Concall Insights
#SBIN #SBINQ4 #StateBankofIndia #StateBank #concall #concalls #insights #results #stocks #TrendingStocks #earnings #stockmarketindia #StockToWatch
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#SBIN #SBINQ4 #StateBankofIndia #StateBank #concall #concalls #insights #results #stocks #TrendingStocks #earnings #stockmarketindia #StockToWatch
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SBIN said it clocked highest ever profit of INR31,676 crores for FY22, up 55.2% YoY.
Q&A Insights: Mahrukh Adajania from @EdelweissFin 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.
Q&A Insights: Mahrukh Adajania from @EdelweissFin asked about SBIN’s view on a lot of PSU banks seeing slippages in small loans below INR5 crores. Dinesh Khara Chairman said that the bank’s smaller loan book has actually improved. So SBIN is not seeing any such trend.
Q&A Insights: Mahrukh Adajania from @EdelweissFin 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%.
Q&A Insights: Mona Khetan with @Dolat_Capital asked about 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.
Q&A Insights: Mona Khetan of @Dolat_Capital enquired about the restructured book and on what percentage of the book the moratorium has ended and the billing started. Dinesh Khara Chairman replied that for 50% of the book the moratorium has already ended and repayment has started.
Q&A Insights: Gaurav Kochar of @miraeasset asked about SBIN’s 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’s effort and endeavor is to keep it as low as possible
Q&A Insights: Abhishek Murarka with @HSBC_IN asked about margins outlook. Dinesh Chairman said that 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, NIM should improve.
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