SBI Annual Report Analysis: Focus On Productivity, Adaptability, Inclusivity, Sustainability: ICICI Securities

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICICI Securities Report.From ‘Enterprising bank, enduring enterprise’ in FY20 to ‘Resilience, People, Technology’ (as pillars of future growth) in FY21, State Bank of India’s FY22 annual report is themed ‘Setting new standard in banking excellence’ focusing on productivity, adaptability, sustainability and inclusivity. Approximately 468 million depositors, 142 million financial inclusion accounts (Business Correspondents channel), 14.2 million farmers served, 4.5 million home loan customers, 35%-plus market share (amongst banks) in home loans, 27.6% share in debit card spends, 15.2% market share in point-of-sale, 95.5% share of transactions in alternate channels, more than 48 million YONO registered users, Rs 55 trillion government business turnover, 17.9 million salary savings accounts, 9.8 million new regular savings account rolled out in FY22, etc. SBI exited FY22 with 13.9% return on equity and 0.67% return on asset aided by growth build-up, gross non-performing assets at a decadal low, slippages at less than 1%, credit cost at 55 basis points and steady margin profile..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

SBI Annual Report Analysis: Focus On Productivity, Adaptability, Inclusivity, Sustainability: ICICI Securities

SBI Annual Report Analysis: Focus On Productivity, Adaptability, Inclusivity, Sustainability: ICICI Securities

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