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Quest By Finology Profile picture
@Finology_Quest
May 19 • 9 tweets • 3 min read Twitter logo Read on Twitter
Another Bank, another result🚨

SBI Bank's Q4FY23 results are in!

Standalone Net Profit of Rs 16,695 crores beats estimates. 🤑

A detailed thread🧵⤵️

#Q4FY23 #StockMarketindia #SBIQ4results Image
SBI Bank has achieved a remarkable whopping 83% growth in standalone net profit, rising from Rs 9,113 cr YoY to Rs 16,695 cr in Q4.

Similarly, operating profit rose 25% YoY to Rs 24,621 cr
During Q4FY23, Net Interest Income(NII) grew by 29% YoY, from Rs 31,198 cr to Rs 40,393 cr

Additionally, Net Interest Margin(NIM) during the quarter increased 44 basis points YoY to 3.84%
Regarding the quality of asset:

The bank's net NPA decreased from 1.08% YoY to 0.67% in current quarter.

Gross NPA stands at 2.78%, down from 3.14% in December quarter & 3.97% YoY.
As of Q4FY23, the bank's current and savings account (CASA) ratio stands at 43.8%, while its capital adequacy ratio stands at 14.68%.

For the full fiscal year, bank's net profit exceeded Rs 50,000 cr and stands at Rs 50,232 cr in FY23 with YoY growth 58%.
By the end of this quarter, deposits had increased to Rs 44.23 lakh crore - a 9% YoY increase.

In Q4, the bank's ROA & ROE stand at 0.96% & 9.43%, respectively, for this financial year.
Also, the capital adequacy ratio improved by 85bps YoY and stands at 14.68%
The board of directors have recommended a dividend of Rs. 11.30 per equity share.
Understanding a bank's business is critical as it is a bit different from how other companies work. But we at Quest simply everything. Learn about he Banking Business through Quest's course - bit.ly/quest-analysin… Image

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More from @Finology_Quest

Quest By Finology Profile picture
May 20
🚨Breaking News: ₹2000 denomination banknote is set to be withdrawn.

However, these notes will retain their status as legal tender.

Let's understand what's going on in a simple way 👇

#2000rs #2000notes #rbi Image
Q. What was the objective of ₹2000 banknotes?

A. The ₹2000 denomination banknotes were introduced in 2016 to address the currency requirement following the withdrawal of ₹500 and ₹1000 banknotes.

Printing of these notes stopped in 2018-19 as the objective was fulfilled.
Q. Why are ₹2000 denomination banknotes being withdrawn?

A. Most of the ₹2000 notes were issued before March 2017 and have reached their estimated lifespan.

The decision has been made considering these factors and the RBI's Clean Note Policy.

#RBI #moneysupply
Read 9 tweets
Quest By Finology Profile picture
May 1
Top 10 Companies by MarketCap:

RIL 16.07
TCS 11.62
HDFC Bank 9.28
ICICI Bank 6.37
HUL 5.85

(Fig:Rs lakh cr)

Cont. in thread🧵⤵️
ITC 5.11
Infys 5.08
HDFC 5.05
SBI 5.01
Airtel 4.30

ITC is at 6th rank, overtaking Infosys.

BUT, what does Market Capitalization actually mean?⤵️
➡️Market Capitalization:

It is total market value (current market price in the market) of its outstanding shares (shares owned by all the promoters, investors, etc., in the public domain).

Companies are categorized into large-cap, mid-cap & small-cap based on their market cap.
Read 6 tweets
Quest By Finology Profile picture
Apr 26
How to analyse Banking Stocks?

• Net Interest Margin(NIM)
• Return on Assets(ROA)
• Non Performing Assets(NPAs)
• CASA Ratio

Let's analyse each one in detail 🧵⤵️

#StockMarketindia #banks
The business of bank is quite different frm the rest.

Banks accept deposits from common people & promise a certain rate of interest in return. It lends this money to borrowers & charges higher interest.

The diff between both is called spread which is bank’s actual profit
For Eg, a bank offers 6% interest to its depositors & charges 10% from its borrowers.

The diff between the two 4% (called spread) will be bank’s profit.

As the business stands unique, the analysis of these stocks is also unique.

So, let's break them down one by one⤵️ Image
Read 15 tweets
Quest By Finology Profile picture
Mar 15
8 ways to save taxes on your Salary🤑

A Thread🧵⤵️

Hit retweet🔁to reach the maximum taxpayers!

#taxation #investing
Be it taxes on salary, bonus or business income, nobody likes paying a part of their income to govt.

So, here are some of the ways through which you can save your taxes⤵️
▣ Interest on Savings Account:

Section: 80TTA

Interest on savings accounts held in post offices, banks, etc., is taxable under “income from other sources”, but no TDS is deducted.

The max of Rs 10,000 can be claimed as a deduction.
Read 12 tweets
Quest By Finology Profile picture
Mar 14
Another day, another quest!

The Collapse of Silicon Valley Bank - What is happening? 🧵
How do banks operate?

They take deposits from us 💸, lend most of these deposits out to others & earn high interest rate🤑, They make MONEY 💰, They make more money by investing into other things like BONDS

However, these bonds did not work out for - SVB ⚖️
SVB became greedy, let us explain -

After covid, central bank of US lowered the interest rates to enourage borrowings. But at the same time, VCs invested in a lot of startups too. So, startups didn't take loans but deposited more. Which resulted in a lot of extra cash with SVB.
Read 7 tweets
Quest By Finology Profile picture
Feb 23
Understanding the 3 Financial Statements:

• P&L Statements
• Cashflow Statements
• Balance Sheet

Let's dive deep to each one of them⤵️

Hit retweet🔁to reach max investors
Financial statement analysis is the one go-to analysis you should do before investing in any company.

Shareholders, as well as stakeholders use it to evaluate the business for better decision-making to understand the overall health of the company.
It is the process of analysing and assessing:

1⃣Profit & Loss
2⃣Balance Sheet
3⃣Cash Flow Statement of the company

Let's understand each financial statement individually⤵️
Read 12 tweets

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