State Bank of India Q4 Results FY2023, Profit at Rs. 16,695 crores

State Bank of India Q4 Results FY2023

by Shreya Anaokar Last Updated: May 18, 2023 - 07:29 pm 294 Views

On 18th May 2023, the State Bank of India announced its quarterly results for the last quarter of FY2023.

State Bank of India Profitability:

- Net Interest Income (NII) for FY23 increased by 19.99% YoY at Rs. 1,44,841  crores and for Q4FY23 at Rs. 40,393 crores, up by 29.47% YoY
- Domestic NIM for FY23 increased by 22 bps YoY to 3.58%, while Domestic NIM for Q4FY23 increased by 44 bps YoY to 3.84%
- Operating Profit for FY23 grew by 11.18% YoY to Rs. 83,713 crores; while Operating Profit for Q4FY23 grew by 24.87% YoY to Rs. 24,621 crores
- Net Profit for FY23 crosses Rs. 50,000 crores and stands at Rs. 50,232 crores witnessing a growth of 58.58% YoY, while Net Profit for Q4FY23 grew by 83.18% to Rs. 16,695 crores

State Bank of India Loans and Deposits:

- Credit growth at 15.99% YoY with Domestic Advances growing by 15.38% YoY. 
- Foreign Offices’ Advances grew by 19.55% YoY. 
- Domestic Advances growth driven by Retail Personal Advances (17.64% YoY) followed by SME Advances which grew by 17.59% YoY. 
- Xpress Credit loans cross Rs. 3 lakh crores. 
- Agri and Corporate loans registered YoY growth of 13.31% and 12.52% respectively. 
- Whole Bank Deposits grew at 9.19% YoY, out of which CASA Deposit grew by 4.95% YoY. CASA ratio stands at 43.80% as on 31st March 23.

State Bank of India Asset Quality:

- Gross NPA ratio at 2.78% down by 119 bps YoY. 
- Net NPA ratio at 0.67% down by 35 bps YoY. 
- Provision Coverage Ratio (PCR) at 76.39% improved by 135 bps YoY, PCR (Incl. AUCA) improved by 171 bps YoY and stands at 91.91%. 
- The slippage Ratio for FY23 improved by 34 bps YoY and stands at 0.65%, while Slippage Ratio for Q4FY23 stands at 0.41%. 
- Credit Cost for FY23 improved by 23 bps YoY to 0.32%, while Credit Cost for Q4FY23 at 0.16% improved by 33 bps YoY.

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About the Author

Shreya Anaokar is a Content Writer at 5paisa. She has completed her Master’s in Finance and Graduation in Statistics from the University of Mumbai. 


Investment/Trading is subject to market risk, past performance doesn’t guarantee future performance. The risk of trading/investment loss in securities markets can be substantial. Also, the above report is compiled from data available on public platforms.

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