Indus Equity Advisors

Public Sector Banks Comparative Analysis

Cost Ratio & Key Indicator Analysis
FY21 to FY18

IOB
 Indus Equity
Public Sector Banks Comparative Analysis Advisors

Cost Ratios Analysis FY21

Particulars (INR in Crores) SBI BOB PNB CBK BOI Union CBI INBK IDBI IOB UCO BOM PJSB
Interest / Discount on advances 64.65% 71.00% 66.14% 72.80% 67.51% 66.46% 51.20% 70.21% 59.31% 63.88% 53.75% 60.28% 69.77%
1,71,429 50,052 53,351 50,405 27,407 45,704 11,638 27,455 11,821 10,837 7,765 7,154 4,865
Income on Investments 30.10% 24.22% 30.35% 24.35% 28.44% 29.92% 44.03% 28.56% 25.89% 33.67% 41.98% 35.00% 26.87%
79,808 17,077 24,481 16,859 11,548 20,574 10,009 11,167 5,161 5,712 6,065 4,153 1,874
Others 5.25% 4.77% 3.51% 2.85% 4.05% 3.62% 4.76% 1.24% 14.80% 2.46% 4.27% 4.73% 3.37%
13,913 3,366 2,833 1,976 1,645 2,490 1,083 484 2,950 417 617 561 235
Other Income 15.82% 17.54% 15.99% 22.08% 18.33% 16.49% 13.93% 15.55% 23.20% 32.77% 25.75% 22.12% 12.95%
41,957 12,364 12,897 15,285 7,441 11,337 3,167 6,079 4,625 5,559 3,720 2,625 903
Total Interest Expense 58.25% 59.13% 62.32% 65.25% 64.85% 64.10% 63.73% 59.94% 57.26% 65.23% 62.07% 58.74% 67.57%
1,54,441 41,686 50,273 45,178 26,330 44,079 14,485 23,440 11,414 11,067 8,966 6,971 4,712
Net Interest Income 41.75% 40.87% 37.68% 34.75% 35.15% 35.90% 36.27% 40.06% 42.74% 34.77% 37.93% 41.26% 32.43%
1,10,710 28,809 30,392 24,062 14,270 24,688 8,245 15,666 8,518 5,899 5,480 4,897 2,262
Employee Cost 19.21% 16.24% 15.09% 18.33% 15.94% 13.12% 18.22% 16.31% 15.50% 21.83% 17.08% 19.00% 24.21%
50,936 11,446 12,176 12,690 6,473 9,025 4,141 6,378 3,090 3,703 2,467 2,255 1,688
Other administrative Exps 11.96% 12.91% 10.08% 9.60% 10.75% 11.26% 11.62% 10.16% 14.86% 10.96% 9.08% 11.04% 10.12%
31,716 9,098 8,133 6,648 4,366 7,741 2,641 3,971 2,962 1,859 1,312 1,310 705
Total Operating Expenses 31.17% 29.14% 25.18% 27.93% 26.70% 24.38% 29.84% 26.47% 30.36% 32.78% 26.16% 30.04% 34.32%
82,652 20,544 20,309 19,338 10,839 16,766 6,782 10,350 6,052 5,562 3,779 3,565 2,394
Profit before Tax and Provisions 26.41% 29.26% 28.49% 28.90% 26.78% 28.01% 20.37% 29.14% 35.57% 34.75% 37.52% 33.35% 11.06%
70,014 20,630 22,980 20,009 10,872 19,259 4,630 11,396 7,091 5,896 5,421 3,958 771
Provisions and contingencies 16.60% 21.38% 24.17% 23.54% 18.81% 24.52% 26.19% 21.71% 23.69% 29.80% 38.51% 25.06% 59.87%
44,013 15,074 19,501 16,302 7,636 16,860 5,954 8,490 4,722 5,056 5,563 2,975 4,175
Execptional iten 0.58% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
1,540 0 0 0 0 0 0 0 0 0 0 0 0
PBT 10.39% 7.88% 4.31% 5.35% 7.97% 3.49% -5.82% 7.43% 11.88% 4.95% -0.98% 8.28% -48.81%
27,541 5,556 3,479 3,707 3,237 2,399 -1,324 2,906 2,369 840 -142 983 -3,404
Income Tax 2.69% 6.71% 1.81% 1.66% 2.65% -0.74% -1.92% -0.25% 5.06% 0.05% -2.14% 3.65% -9.63%
7,131 4,727 1,458 1,150 1,076 -507 -436 -99 1,009 8 -309 433 -671
PAT 7.70% 1.18% 2.51% 3.69% 5.32% 4.23% -3.90% 7.68% 6.82% 4.90% 1.16% 4.64% -39.19%
20,410 829 2,022 2,558 2,160 2,906 -888 3,005 1,359 832 167 550 -2,733
*Ratios are as a % of total income
 Indus Equity
Public Sector Banks Comparative Analysis Advisors

Key Fundamentals FY21

Particulars (INR in Crores) SBI BOB PNB CBK BOI Union CBI INBK IDBI IOB UCO BOM PJSB
CASA Ratio 44.74% 42.87% 44.54% 32.71% 35.83% 36.33% 49.07% 42.30% 50.45% 41.86% 38.81% 53.99% 32.81%
Deposits 36,81,277 9,66,997 11,06,332 10,10,875 6,27,114 9,23,805 3,29,973 5,38,071 2,30,898 2,40,288 2,05,919 1,74,006 96,108
Growth YoY 13.56% 2.22% 7.47% 11.50% 12.89% 6.35% 5.17% 10.10% 3.81% 7.78% 6.58% 15.95% 7.18%
Advances 24,49,498 7,06,301 6,74,230 6,39,049 3,65,687 5,90,983 1,56,579 3,64,010 1,28,150 1,27,721 1,11,355 1,02,405 60,942
Growth YoY 5.34% 2.34% -3.25% 3.60% -0.87% -1.54% 3.63% 6.70% -1.30% 5.26% 10.06% 17.88% 4.33%
Net Interest Margin (%) 3.04% 2.71% 2.88% 2.75% 2.48% 2.71% 2.78% 2.85% 3.38% 2.64% 2.73% 2.84% 1.70%
Gross NPA 1,26,389 66,671 1,04,423 60,288 56,535 89,788 29,277 38,455 36,212 16,323 11,352 7,780 9,334
Net NPA 36,810 21,800 38,576 24,442 12,262 27,281 9,036 12,271 2,519 4,578 4,390 2,544 2,462
% of Gross NPAs 4.98% 8.87% 14.12% 8.93% 13.77% 13.74% 16.55% 9.85% 22.37% 11.69% 9.59% 7.23% 17.76%
% of Net NPAs 1.50% 3.09% 5.73% 3.82% 3.35% 4.62% 5.77% 3.37% 1.97% 3.58% 3.94% 2.48% 4.04%
Return on Assets 0.58% 0.07% 0.15% 0.23% 0.28% 0.27% -0.26% 0.50% 0.46% 0.31% 0.06% 0.28% -2.55%
Interest Earned on Advances % 7.00% 7.09% 7.91% 7.89% 7.49% 7.73% 7.43% 7.54% 9.22% 8.49% 6.97% 6.99% 7.98%
Interest Expense on Deposit % 4.20% 4.31% 4.54% 4.47% 4.20% 4.77% 4.39% 4.36% 4.94% 4.61% 4.35% 4.01% 4.90%
Cost To Income Ratio 54.14% 49.90% 46.91% 49.15% 49.92% 46.54% 59.43% 47.59% 46.05% 48.54% 41.08% 47.39% 75.63%
Branches 22,219 8,214 10,769 10,416 5,107 9,312 4,608 6,007 2,096 3,217 3,089 1,833 1,531
 Indus Equity
Public Sector Banks Comparative Analysis Advisors

Cost Ratios Analysis FY20

Particulars (INR in Crores) SBI BOB PNB CBK BOI Union CBI INBK IDBI IOB UCO BOM PJSB
Interest / Discount on advances 69.85% 71.22% 66.57% 73.72% 68.01% 67.36% 53.07% 74.44% 62.91% 66.14% 53.79% 55.75% 72.81%
1,79,749 54,116 35,815 36,076 28,805 25,079 12,505 15,933 13,102 11,513 8,141 6,409 5,774
Income on Investments 26.51% 23.82% 28.50% 23.17% 25.27% 28.40% 42.08% 24.66% 27.76% 29.92% 39.24% 36.56% 25.10%
68,205 18,097 15,333 11,336 10,704 10,573 9,916 5,279 5,781 5,208 5,939 4,203 1,990
Others 3.64% 4.96% 4.93% 3.11% 6.72% 4.24% 4.84% 0.90% 9.33% 3.94% 6.97% 7.69% 2.08%
9,370 3,773 2,652 1,523 2,844 1,580 1,141 193 1,943 686 1,055 883 165
Other Income 15.16% 13.58% 17.24% 15.97% 15.85% 14.13% 15.43% 15.48% 21.47% 19.00% 18.97% 14.35% 11.32%
39,006 10,315 9,274 7,813 6,713 5,261 3,637 3,312 4,470 3,306 2,871 1,649 897
Total Interest Expense 61.88% 63.87% 67.59% 73.18% 63.98% 69.28% 67.62% 64.46% 66.49% 69.53% 66.35% 62.78% 74.05%
1,59,239 48,532 36,362 35,811 27,096 25,794 15,934 13,799 13,847 12,103 10,042 7,217 5,872
Net Interest Income 38.12% 36.13% 32.41% 26.82% 36.02% 30.72% 32.38% 35.54% 33.51% 30.47% 33.65% 37.22% 25.95%
98,085 27,453 17,438 13,124 15,257 11,437 7,629 7,606 6,978 5,303 5,092 4,279 2,058
Wages 17.77% 13.00% 12.94% 14.00% 14.50% 9.02% 17.90% 11.55% 15.58% 18.62% 12.75% 15.17% 15.27%
45,715 9,877 6,962 6,853 6,141 3,359 4,217 2,473 3,245 3,241 1,929 1,744 1,211
Other administrative Exps 11.45% 10.79% 9.32% 9.66% 10.18% 11.17% 11.48% 9.10% 14.84% 10.85% 7.92% 11.63% 8.16%
29,459 8,200 5,011 4,725 4,310 4,158 2,705 1,948 3,091 1,888 1,198 1,337 647
Total Operating Expenses 29.21% 23.79% 22.25% 23.66% 24.68% 20.19% 29.38% 20.65% 30.43% 29.47% 20.67% 26.80% 23.43%
75,174 18,077 11,973 11,577 10,451 7,516 6,922 4,421 6,336 5,129 3,128 3,081 1,858
Profit before Tax and Provisions (Pbtp) 24.06% 25.91% 27.40% 19.13% 27.20% 24.66% 18.44% 30.36% 24.55% 20.00% 31.95% 24.77% 13.83%
61,917 19,691 14,739 9,360 11,519 9,181 4,344 6,498 5,112 3,480 4,836 2,847 1,097
Provisions and contingencies 16.74% 28.29% 26.02% 22.71% 38.06% 28.74% 22.30% 23.94% 67.61% 68.24% 48.05% 27.03% 33.03%
43,070 21,494 13,999 11,115 16,121 10,699 5,254 5,125 14,079 11,878 7,272 3,107 2,619
Execptional iten 2.42% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
6,216 0 0 0 0 0 0 0 0 0 0 0 0
PBT 9.74% -2.37% 1.37% -3.59% -10.87% -4.08% -3.86% 6.41% -43.06% -48.25% -16.10% -2.27% -19.20%
25,063 -1,802 739 -1,756 -4,603 -1,518 -909 1,373 -8,967 -8,398 -2,437 -260 -1,522
Income Tax 4.11% -3.09% 0.75% 0.98% -3.89% -3.03% 0.90% 2.89% 18.82% 1.05% 0.00% -5.65% -6.70%
10,575 -2,348 403 480 -1,646 -1,130 212 619 3,920 183 0 -649 -532
PAT 5.63% 0.72% 0.63% -4.57% -6.98% -1.04% -4.76% 3.52% -61.88% -49.30% -16.10% 3.38% -12.50%
14,488 546 336 -2,236 -2,957 -388 -1,121 753 -12,887 -8,581 -2,437 389 -991
*Ratios are as a % of total income
 Indus Equity
Public Sector Banks Comparative Analysis Advisors

Key Fundamentals FY20

Particulars (INR in Crores) SBI BOB PNB CBK BOI Union CBI INBK IDBI IOB UCO BOM PJSB
CASA Ratio 43.53% 35.29% 41.34% 32.03% 35.60% 34.15% 46.30% 40.81% 47.74% 39.77% 39.18% 48.61% 29.57%
Deposits 32,41,621 9,45,984 7,03,846 6,25,351 5,55,505 4,50,668 3,13,763 2,60,226 2,22,424 2,22,952 1,93,203 1,50,066 89,668
Growth YoY 11.34% 48.11% 3.02% 4.39% 6.65% 8.36% 4.64% 2.79% -2.18% 0.19% -2.38% 6.69% -9.02%
Advances 23,25,290 6,90,121 4,71,828 4,32,175 3,68,883 3,15,049 1,51,101 1,97,887 1,29,842 1,21,333 1,01,174 86,871 58,412
Growth YoY 6.38% 47.20% 2.96% 1.04% 8.18% 6.10% 3.12% 9.17% -11.55% -8.50% 1.87% 5.04% -15.56%
Net Interest Margin (%) 2.97% 2.73% 2.30% 2.51% 2.93% 2.97% 2.80% 2.92% 2.61% 2.03% 2.69% 2.60% 1.88%
Gross NPA 1,49,092 69,381 73,479 37,041 61,550 49,085 32,589 14,151 47,272 19,913 19,282 12,152 8,875
Net NPA 51,871 21,577 27,219 18,251 14,320 17,303 11,534 6,184 5,439 6,603 5,511 4,145 4,684
% of Gross NPAs 6.15% 9.40% 14.21% 8.21% 14.78% 14.15% 18.92% 6.87% 27.53% 14.78% 16.77% 12.81% 14.18%
% of Net NPAs 2.23% 3.13% 5.76% 4.22% 3.88% 5.49% 7.63% 3.13% 4.19% 5.44% 5.45% 4.77% 8.03%
Return on Assets 0.37% 0.06% -2.33% -0.32% -0.43% -0.53% -0.35% 0.26% -4.26% -2.95% -0.96% 0.28% -0.91%
Interest Earned on Advances % 7.73% 7.84% 7.59% 8.35% 7.81% 7.96% 8.28% 8.05% 10.09% 9.49% 8.05% 7.38% 9.88%
Interest Expense on Deposit % 4.91% 5.13% 5.17% 5.73% 4.88% 5.72% 5.08% 5.30% 6.23% 5.43% 5.20% 4.81% 6.55%
Cost To Income Ratio 54.83% 47.86% 44.82% 55.30% 47.57% 45.02% 61.44% 40.49% 55.35% 59.57% 39.28% 51.97% 62.88%
Branches 22,374 9,482 10,910 10,397 5,106 9,587 4,651 6,062 1,892 3,270 3,088 1,833 1,526
 Indus Equity
Public Sector Banks Comparative Analysis Advisors

Cost Ratios Analysis FY19

Particulars (INR in Crores) SBI BOB PNB CBK BOI Union CBI INBK IDBI IOB UCO BOM PJSB
Interest / Discount on advances 66.55% 68.81% 68.38% 73.32% 66.84% 69.78% 57.20% 72.89% 65.16% 66.51% 54.60% 60.52% 70.45%
1,61,640 34,389 35,086 34,319 27,250 23,772 12,950 13,984 14,381 11,727 7,825 6,567 6,030
Income on Investments 30.64% 25.59% 27.49% 23.37% 24.46% 26.43% 37.34% 26.29% 29.19% 27.92% 37.32% 34.01% 26.85%
74,406 12,787 14,106 10,938 9,973 9,003 8,454 5,043 6,443 4,922 5,348 3,690 2,298
Others 2.81% 5.60% 4.13% 3.32% 8.69% 3.79% 5.45% 0.82% 5.65% 5.57% 8.08% 5.47% 2.70%
6,822 2,798 2,118 1,554 3,545 1,291 1,235 158 1,247 982 1,158 593 231
Other Income 14.50% 12.19% 14.38% 14.05% 12.29% 13.13% 10.66% 9.81% 14.95% 23.86% 10.56% 14.26% 9.68%
35,214 6,091 7,377 6,575 5,009 4,474 2,413 1,883 3,300 4,206 1,513 1,547 828
Total Interest Expense 63.62% 62.61% 66.56% 69.07% 66.50% 70.01% 70.09% 63.42% 73.24% 70.06% 69.92% 65.59% 73.36%
1,54,520 31,290 34,154 32,332 27,110 23,852 15,866 12,167 16,166 12,352 10,019 7,116 6,279
Net Interest Income 36.38% 37.39% 33.44% 30.93% 33.50% 29.99% 29.91% 36.58% 26.76% 29.94% 30.08% 34.41% 26.64%
88,349 18,684 17,156 14,478 13,658 10,215 6,772 7,018 5,906 5,279 4,311 3,733 2,280
Wages 16.90% 10.65% 13.57% 12.12% 14.77% 9.78% 15.75% 11.59% 9.98% 15.01% 13.58% 16.54% 13.74%
41,055 5,322 6,963 5,675 6,021 3,331 3,565 2,223 2,203 2,647 1,946 1,794 1,176
Other administrative Exps 11.79% 11.94% 8.92% 10.23% 11.17% 11.79% 11.01% 9.37% 13.37% 10.24% 7.80% 11.88% 6.25%
28,633 5,966 4,575 4,787 4,553 4,017 2,493 1,797 2,951 1,805 1,118 1,289 535
Total Operating Expenses 28.69% 22.59% 22.49% 22.35% 25.94% 21.57% 26.76% 20.96% 23.35% 25.25% 21.38% 28.42% 19.99%
69,688 11,288 11,538 10,462 10,574 7,348 6,059 4,020 5,154 4,452 3,064 3,083 1,711
Profit before Tax and Provisions (Pbtp) 22.18% 26.99% 25.33% 22.63% 19.85% 21.55% 13.81% 25.44% 18.36% 28.55% 19.26% 20.26% 16.32%
53,875 13,487 12,995 10,591 8,092 7,341 3,126 4,881 4,052 5,034 2,760 2,198 1,397
Provisions and contingencies 22.16% 25.59% 55.23% 27.60% 41.22% 33.08% 49.90% 23.96% 121.78% 62.36% 49.49% 67.53% 26.35%
53,829 12,789 28,341 12,918 16,806 11,268 11,297 4,596 26,879 10,994 7,092 7,327 2,256
Execptional iten 0.64% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
1,561 0 0 0 0 0 0 0 0 0 0 0 0
PBT 0.66% 1.40% -29.91% -4.97% -21.37% -11.53% -36.09% 1.48% -103.43% -33.81% -30.23% -47.28% -10.03%
1,607 698 -15,346 -2,327 -8,713 -3,927 -8,170 284 -22,827 -5,961 -4,332 -5,129 -859
Income Tax 0.31% 0.53% -10.47% -5.71% -7.77% -2.87% -11.17% -0.20% -34.94% -12.61% -0.07% -3.18% -3.68%
745 265 -5,370 -2,674 -3,167 -979 -2,529 -38 -7,711 -2,223 -11 -345 -315
PAT 0.36% 0.87% -19.44% 0.74% -13.61% -8.65% -24.92% 1.68% -68.49% -21.20% -30.15% -44.09% -6.35%
862 434 -9,975 347 -5,547 -2,947 -5,642 322 -15,116 -3,738 -4,321 -4,784 -543
*Ratios are as a % of total income
 Indus Equity
Public Sector Banks Comparative Analysis Advisors

Key Fundamentals FY19

Particulars (INR in Crores) SBI BOB PNB CBK BOI Union CBI INBK IDBI IOB UCO BOM PJSB
CASA Ratio 44.22% 34.02% 40.52% 30.21% 34.90% 33.82% 45.77% 40.54% 42.54% 38.30% 43.42% 48.00% 26.79%
Deposits 29,11,386 6,38,690 6,76,030 5,99,033 5,20,862 4,15,915 2,99,855 2,53,172 2,27,372 2,22,534 1,97,907 1,40,650 98,558
Growth YoY 7.58% 8.01% 9.42% 14.15% 0.00% 1.81% 1.70% 21.55% -8.29% 2.63% 8.83% 1.20% 68.95%
Advances 21,85,877 4,68,819 4,58,249 4,27,727 3,41,006 2,96,932 1,46,525 1,81,262 1,46,790 1,32,598 99,314 82,702 69,176
Growth YoY 12.97% 1.75% 5.65% 12.06% -9.31% -5.39% -6.40% 15.84% -14.53% -12.19% -7.59% -12.62% 3.91%
Net Interest Margin (%) 27.80% 2.64% 2.59% 2.63% 2.93% 2.23% 2.54% 3.00% 2.03% 2.08% 2.52% 2.53% 1.98%
Gross NPA 1,68,494 48,233 78,473 39,224 60,661 48,729 32,356 13,353 50,028 33,398 29,888 15,324 8,606
Net NPA 65,624 15,610 30,038 22,955 19,119 20,332 11,333 6,793 14,837 14,368 9,650 4,559 4,994
% of Gross NPAs 7.53% 9.61% 15.50% 8.83% 15.84% 14.98% 19.29% 7.11% 27.47% 21.97% 25.00% 16.40% 11.83%
% of Net NPAs 3.07% 3.33% 6.56% 5.37% 5.61% 6.85% 7.73% 3.75% 10.11% 10.81% 9.72% 5.52% 7.22%
Return on Assets 0.25% -0.52% -1.25% 0.06% 0.84% -2.71% -1.70% -0.28% -4.68% -1.35% -1.84% 0.28% -0.47%
Interest Earned on Advances % 7.39% 7.34% 7.66% 8.02% 7.99% 8.01% 8.84% 7.71% 9.80% 8.84% 7.88% 7.94% 8.72%
Interest Expense on Deposit % 5.31% 4.90% 5.05% 5.40% 5.20% 5.73% 5.29% 4.81% 7.11% 5.55% 5.06% 5.06% 6.37%
Cost To Income Ratio 56.40% 45.56% 47.03% 49.69% 56.65% 50.02% 65.96% 45.17% 55.98% 46.93% 52.61% 58.39% 55.06%
Branches 22,218 9,447 11,434 10,819 5,117 9,609 4,659 6,101 1,892 3,280 3,088 1,832 1,518
 Indus Equity
Public Sector Banks Comparative Analysis Advisors

Cost Ratios Analysis FY18

Particulars (INR in Crores) SBI BOB PNB CBK BOI Union CBI INBK IDBI IOB UCO BOM PJSB
Interest / Discount on advances 64.11% 66.60% 66.32% 70.53% 66.44% 69.54% 60.24% 69.28% 68.15% 66.76% 56.93% 63.74% 65.82%
1,41,363 29,070 31,833 29,096 25,295 22,773 14,479 11,857 15,694 11,961 7,982 7,073 5,232
Income on Investments 31.90% 23.87% 29.06% 25.24% 24.04% 26.81% 29.70% 29.88% 25.62% 26.78% 36.93% 26.70% 30.83%
70,338 10,420 13,947 10,412 9,154 8,780 7,137 5,113 5,899 4,797 5,178 2,962 2,451
Others 3.99% 9.53% 4.62% 4.23% 9.52% 3.65% 10.07% 0.84% 6.23% 6.46% 6.14% 9.56% 3.35%
8,799 4,159 2,216 1,744 3,623 1,195 2,419 143 1,434 1,157 860 1,061 266
Other Income 17.76% 15.25% 18.50% 16.83% 15.06% 15.24% 10.91% 14.06% 28.50% 20.91% 8.00% 13.57% 7.31%
39,165 6,657 8,881 6,943 5,734 4,990 2,622 2,406 6,562 3,746 1,121 1,506 581
Total Interest Expense 66.05% 64.44% 68.91% 70.51% 72.40% 71.59% 72.89% 63.40% 75.51% 69.48% 77.71% 69.45% 71.88%
1,45,646 28,127 33,073 29,089 27,565 23,443 17,519 10,850 17,386 12,448 10,895 7,707 5,714
Net Interest Income 33.95% 35.56% 31.09% 29.49% 27.60% 28.41% 27.11% 36.60% 24.49% 30.52% 22.29% 30.55% 28.12%
74,854 15,522 14,922 12,163 10,506 9,305 6,517 6,264 5,640 5,468 3,125 3,390 2,235
Wages 15.05% 10.55% 19.10% 13.20% 12.88% 9.94% 16.57% 12.27% 7.79% 16.71% 13.14% 14.58% 14.13%
33,179 4,607 9,169 5,444 4,903 3,255 3,983 2,100 1,795 2,994 1,842 1,618 1,123
Other administrative Exps 12.14% 12.75% 9.04% 9.97% 11.03% 10.69% 10.08% 9.16% 12.81% 14.46% 7.63% 9.79% 6.90%
26,765 5,567 4,340 4,114 4,198 3,500 2,423 1,568 2,950 2,591 1,070 1,086 549
Total Operating Expenses 27.19% 23.31% 28.15% 23.17% 23.91% 20.63% 26.65% 21.44% 20.61% 31.17% 20.77% 24.37% 21.03%
59,943 10,173 13,509 9,558 9,101 6,755 6,406 3,668 4,745 5,585 2,911 2,704 1,672
Profit before Tax and Provisions (Pbtp) 24.52% 27.51% 21.45% 23.15% 18.75% 23.02% 11.37% 29.22% 32.39% 20.26% 9.52% 19.75% 14.40%
54,075 12,006 10,294 9,548 7,139 7,540 2,733 5,001 7,457 3,629 1,334 2,191 1,145
Provisions and contingencies 34.03% 33.90% 62.23% 39.05% 81.08% 43.30% 44.22% 22.93% 87.07% 68.44% 41.09% 49.18% 21.88%
75,039 14,796 29,869 16,109 30,868 14,181 10,629 3,925 20,050 12,261 5,761 5,457 1,740
Execptional iten 2.47% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
5,436 0 0 0 0 0 0 0 0 0 0 0 0
PBT -7.04% -6.39% -40.79% -15.90% -62.33% -20.28% -32.85% 6.29% -54.69% -48.18% -31.58% -29.43% -7.48%
-15,528 -2,791 -19,575 -6,561 -23,729 -6,641 -7,896 1,076 -12,593 -8,632 -4,427 -3,266 -595
Income Tax -4.07% -0.82% -15.19% -5.67% -6.80% -4.26% -11.61% -1.07% -18.91% -13.02% 0.07% -19.11% 1.87%
-8,981 -359 -7,292 -2,339 -2,590 -1,394 -2,791 -183 -4,355 -2,332 9 -2,120 149
PAT -2.97% -5.57% -25.59% -10.24% -55.52% -16.02% -21.24% 7.36% -35.78% -35.16% -31.64% -10.32% -9.36%
-6,547 -2,432 -12,283 -4,222 -21,139 -5,247 -5,105 1,259 -8,238 -6,299 -4,436 -1,146 -744
*Ratios are as a % of total income
 Indus Equity
Public Sector Banks Comparative Analysis Advisors

Key Fundamentals FY18

Particulars (INR in Crores) SBI BOB PNB CBK BOI Union CBI INBK IDBI IOB UCO BOM PJSB
CASA Ratio 44.49% 34.42% 40.00% 31.03% 33.17% 32.25% 42.46% 41.57% 37.15% 36.75% 35.24% 47.74% 23.65%
Deposits 27,06,343 5,91,315 6,42,226 5,24,772 5,20,854 4,08,502 2,94,839 2,08,294 2,47,932 2,16,832 1,81,849 1,38,981 58,335
Growth YoY 32.36% -1.72% -11.56% 5.96% -3.55% 7.96% -0.62% 14.13% -7.67% 2.60% -9.66% -0.05% -31.80%
Advances 19,34,880 4,60,744 4,33,735 3,81,703 3,75,995 3,13,860 1,56,542 1,56,477 1,71,740 1,50,999 1,07,470 94,645 66,569
Growth YoY 23.16% 20.22% 3.40% 11.61% -4.52% 4.04% 12.30% 23.71% -10.00% -3.68% -10.24% -6.79% 10.46%
Net Interest Margin (%) 2.60% 2.43% 2.42% 2.42% 1.92% 2.07% 2.47% 2.90% 1.81% 2.19% 1.79% 2.32% 2.23%
Gross NPA 2,23,427 56,480 86,620 47,468 62,328 49,370 38,131 11,990 55,588 38,180 30,550 18,433 7,802
Net NPA 1,10,855 23,483 48,684 28,542 28,207 24,326 17,378 5,960 28,665 20,400 14,082 9,641 4,608
% of Gross NPAs 10.91% 12.26% 18.38% 11.84% 16.58% 15.73% 21.48% 7.37% 27.95% 25.28% 24.64% 19.48% 11.19%
% of Net NPAs 5.73% 5.49% 11.24% 7.48% 8.26% 8.42% 11.10% 3.81% 16.69% 15.33% 13.10% 11.24% 6.93%
Return on Assets -0.92% -1.77% -6.72% -0.03% -0.91% -2.05% -1.61% 0.21% -2.37% -2.33% -1.88% 0.28% -1.85%
Interest Earned on Advances % 7.31% 6.31% 7.34% 7.62% 6.73% 7.26% 9.25% 7.58% 9.14% 7.92% 7.43% 7.47% 7.86%
Interest Expense on Deposit % 5.38% 4.76% 5.15% 5.54% 5.29% 5.74% 5.94% 5.21% 7.01% 5.74% 5.99% 5.55% 9.79%
Cost To Income Ratio 52.57% 45.87% 56.75% 50.03% 56.04% 47.26% 70.10% 42.31% 38.88% 60.61% 68.57% 55.24% 59.36%
Branches 22,620 9,475 11,429 10,217 5,127 9,652 4,685 6,065 1,916 3,332 3,108 1,846 1,514
 Indus Equity
Advisors

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