investor presentation fy 2018 -19 - karur vysya bank · disclaimer this presentation has been...
TRANSCRIPT
DISCLAIMER
This presentation has been prepared by Karur Vysya Bank Limited (“the Bank”) solely by the Bank for information purposes only. This presentation is not a complete description of the Bank and
the information contained herein is only current as of its date and has not been verified by anyone else. All financial numbers are based on the Audited Financials or the Reviewed Financial
results or based on Management estimates. Figures for the previous period(s) have been regrouped wherever necessary; totals in columns / rows may not agree due to rounding off. The accuracy
of this presentation is not guaranteed, it may be incomplete or condensed and it may not contain all material information concerning the Bank.
This presentation does not constitute an offer or invitation, directly or indirectly, to purchase or subscribe for any securities of the Bank by any person / entity based in India or in any other
country. No part of it should form the basis of or be relied upon in connection with any investment decision or any contract or commitment to purchase or subscribe for any securities.
This presentation may contain statements that constitute forward-looking statements. All forward looking statements are subject to risks, uncertainties and assumptions that could cause actual
results to differ materially from those contemplated. Factors that could cause actual results to differ materially include, inter-alia, changes or developments in the Bank’s business, political,
economic, legal and social conditions. Given these risks, uncertainties and other factors, viewers of this presentation are cautioned not to place undue reliance on these forward-looking
statements. Except as otherwise noted, all of the information contained herein is indicative and is based on management information, current plans and estimates / projections. Any opinion,
estimate or projection in the presentation constitutes a judgment as of the date of this presentation and there can be no assurance that future results or events will be consistent with any such
opinion, estimate or projection.
No representation or warranty, express or implied, is made as to, and no reliance should be placed on the fairness, accuracy, completeness or correctness of the information or opinions
contained in this presentation. Further, past performance is not necessarily indicative of future results. Anyone placing reliance on the information contained in this presentation or any other
communication by the Bank does so at his / her / their own risk. Neither the Bank nor anyone else shall be liable for any loss or damage caused pursuant to any act or omission based on or in
reliance upon the information contained in the presentation.
The Bank may, at its sole discretion, alter, modify or otherwise change in any manner the contents of this presentation, without obligation to notify anyone of such change(s). This presentation is
not to be distributed, redistributed, copied or disseminated in any manner whatsoever, either directly or indirectly.
Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any forward-looking statement to reflect the impact of circumstances
or events that arise after the date the forward-looking statement was made.
2
The Bank of choice - trusted by all
Over
7 million
individuals
Over
450000
businesses
Over
700000
agri customers
4
KVB – a unique franchise! Bank of Choice, trusted by :
Over 7 million individuals Over 450000 businesses Over 700000 customers involved in agriculture
Unmatched presence in India’s fast growing hinterland 1
15
27
51
4
6
1
1
1
5
1
14
6
419
21
6
1
59
119
7
12
1
Metro 26%
Urban20%
Semi Urban 38%
Rural 16%
Category No. of Branches
Metro 201
Urban 155
Semi Urban 296
Rural 126
Total 778
Category 31.03.19 31.12.18 31.03.18
Branches 778 782 790
ATM's + Cash Recyclers
2179 2183 2328
5
Blending Tradition with Modernity
• New Digital Systems live and fully embedded Capable of managing substantial volumes (Retail Digital Platform handled ~110,000 applications)
• New Business Banking Unit established to originate and manage small business credit requirements Underwriting process centralized with specialist team
• Non-branch distribution channel hiring substantially complete Operations and scaling to begin shortly
• Risk framework continues to be strengthened
‘Through the Door’ quality improvements leading to better performance of newer cohorts
• Dlite Banking Application set to cross 1 million downloads
23% increase in registered users in the quarter (621,000 registered users)
• Commercial cards issued to ~1000 Commercial Establishments
Usage, activation and payment patterns encouraging
6
Blending Tradition with Modernity • Risk based pricing fully implemented in Retail / Commercial products
NIM improves by 28 bps during Q4 sequentially
Weighted Average Yield on new loan (Retail / Commercial) up by 1.43% & 0.91% YoY
• Co-origination of loans through API platform enabled
• Talent acquisition continuing
Lateral hiring across various domains picking up speed
• Branch Operational centralization progressing well
• Collection processes stabilized leading to improved portfolio statistics
Additional collections infrastructure being created in Chennai
• Third Party Products Continue to Grow well
Life Insurance Premium YTD growth - 34% over FY 17 18
Mutual Fund revenue YTD growth - 159% over FY 17 18
Digital Transformation of KVB
Working Capital (Renewals) & Home Loans - LIVE
Working Capital (Enhancement, Adhoc), Loan Against Property, Personal Loan & Digital Bank - LIVE
Working Capital (Fresh) & Auto Loan - LIVE
Commercial Credit Card - LIVE
Mar 18
July18
Aug 18
Mar. 18
July 18 Aug. 18
Jan. 19
SME Term Loan & SRTO - LIVE
Apr. 19
KVB DLite App
• Instant account opening • Fund transfer • Cheque Management • Locker Management • Demat Accounts • Savings Accounts • Bill Pay • Mobile recharge • FASTag • Bharat QR • UPI • E-ASBA • Insurance
Downloads 9,38,008
Registrations 5,84,957
Downloads 55,510
Registrations 35,989
KVB DLite App – Million downloads!!
06 01
02
03 04
05
CREDIT GROWTH Gross Advances grew by 10% and stands at Rs. 50,616 crore
CASA CASA share up at 30% - Rs. 17,915 crore out of Total Deposits of Rs. 59,868 crore
PROFIT Operating Profit Rs. 1,711 crore; Net Profit Rs. 211 crore
NIM NIM 3.88% for Q4 (3.67% for the year)
BUSINESS Total business up by 7% to Rs. 1,10,484 crore
CRAR CRAR at 16.00% & Tier I at 14.28%
Key Upshots …..
2018-19 - year of introduction of new processes to fuel growth by leveraging IT infrastructure and improved business processes
10
11 11
Results Snapshot (EoP)*
Financial Indicators – 31.03.2019
Parameter Amount YoY Growth
%
Total Deposits
59,868 5
Gross Advances
50,616 10
Total Business
1,10,484 7
Total Income 3,326 4
Operating Profit
1,711 (4)
Net Profit 211 (39)
Other Business Parameters
Gross NPA 4,450
Net NPA 2,420
Gross NPA % 8.79
Net NPA % 4.98
PCR % 56.86
Basel III Capital 6,996
CRAR 16.00
Tier I 14.28
Tier II 1.72
NIM % 3.67
RoA % 0.31
(Rs. crore)
*End of Period
12
(Rs. crore)
Particulars Mar-19 Mar-18 Y-o-Y Growth
Amount %
Avg. Deposits 57,618 55,239 2,379 4
Avg. Demand Deposit 5,465 5,134 331 6
% to Total 9 9
Avg. Savings Deposit 11,274 10,086 1,188 12
% to Total 20 19
Avg. Time Deposit 40,880 40,019 861 2
% to Total 71 72
CASA 16,739 15,220 1,519 10
% to average deposit 29 28
Avg. Advances 47,161 42,982 4,179 10
Avg. CD Ratio (%) 81.85 77.81
Business Profile (Averages)
13
(Rs. crore) Business Profile (EoP)*
Particulars Mar 19 Mar 18 Y-o-Y
%
Total Deposits 59,868 56,890 5
Demand 5,814 5,576 4
Savings 12,101 11,001 10
CASA 17,915 16,577 8
Term Deposits 41,953 40,313 4
CASA % 30 29
Gross Advances 50,616 45,973 10
Net Advances 48,581 44,800 8
Total Business 1,10,484 1,02,863 7
*End of Period
14
Particulars Mar 19 Mar 18 Y-o-Y (%)
Capital & Liabilities
Capital 160 145 10
Reserves and Surplus 6,263 6,119 2
Deposits 59,868 56,890 5
Borrowings 1,565 2,394 (35)
Other Liabilities and Provisions 1,484 1,393 7
Total 69,340 66,941 4
Assets
Cash and Balances with RBI 2,935 2,960 (1)
Balances with Banks 762 1,349 (44)
Investments 14,882 15,803 (6)
Advances 48,581 44,800 8
Fixed Assets 583 528 10
Other Assets 1,598 1,501 6
Total 69,340 66,941 4
Balance Sheet (Rs. crore)
Income v/s Expenses
15 *Includes revenue of non recurring nature
(Rs. crore)
1466
1781 2074
2298* 2363
0
1250
2500
FY 15 FY 16 FY 17 FY 18 FY 19
Net Interest Income
581
707 782
900 963
0
500
1000
FY 15 FY 16 FY 17 FY 18 FY 19
Non Interest Income
547 547 608 639 761
556 705 677
782 854
0
1000
2000
FY 15 FY 16 FY 17 FY 18 FY 19
Operating Expenses
Staff Cost Other Op.Exp
2047
2488
2856
3198 3326
0
1700
3400
FY 15 FY 16 FY 17 FY 18 FY 19
Total Operating Income
Operating Profit
*Includes revenue of non recurring nature
(Rs. crore)
16
872
1141
1366
1676* 1641
71
94
205 101 70
0
1000
2000
FY 15 FY 16 FY 17 FY 18 FY 19
Core Operating Profit Trading Profit
943 1235
1571 1777* 1711
1.8
2.2
2.6 2.7
2.5
1.0
2.0
3.0
0
1000
2000
FY 15 FY 16 FY 17 FY 18 FY 19
Operating Profit Operating Profit Margin% on Avg. Assets
Profit and Loss A/c (Qtr.)
Particulars Q4
FY 18-19 Q4
FY 17-18 YoY (%)
Net Interest Income 618 643 (4)
Other Income 273 209 31
Total Income 891 852 5
Operating Expenses 427 372 15
Operating Profit 464 480 (3)
Provisions 352 394 (11) Credit Related 292 360 (19)
Others 60 34 76 Profit Before Tax 112 86 30 Tax 52 35 49 Net Profit 60 51 18
(Rs. crore)
17
Profit and Loss A/c (Annual) (Rs. crore)
18
Particulars FY 18-19 FY 17-18 YoY (%)
Net Interest Income 2,363 2,298 3
Other Income 963 900 7
Total Income 3,326 3,198 4
Operating Expenses 1,615 1,421 14
Operating Profit 1,711 1,777 (4)
Provisions 1,388 1,273 9 Credit Related 1,293 1,190 9
Others 95 83 14 Profit Before Tax 322 504 (36) Tax 111 158 (30) Net Profit 211 346 (39)
Other Income Avenues
Particulars
QUARTER YEAR ENDED
Mar 19 Mar 18 YoY (%)
Mar 19 Mar 18 YoY (%)
TOTAL NON-INT. INCOME 273 209 31 963 900 7
1) Fee Income 163 153 7 656 617 6
2) Investment trading profit
57 8 - 70 101 -
3) Forex Income 12 14 (14) 43 44 (2)
4) Others* 41 34 21 194 138 41
*Includes recoveries from Written Off A/c’s – Rs.10 crore (Q4 FY 18-19) & Rs. 7 crore (Q4 FY 17-18) & Rs.70 crore (FY 18-19) & Rs. 44 crore (FY 17-18)
(Rs. crore)
19
Other Income remains healthy….. Growth in Other Income
~68% of other
income comes from
fee income
• Steady growth in non interest income, through diverse sources (fee based, e-transactions, third party products etc.)
• 14% share in total operating income
(FY 2018-19)
20
(Rs. crore)
581 707
782* 900
963
10 11
12
14 14
0
10
20
0
500
1000
FY 15 FY 16 FY 17 FY 18 FY 19Other Income Other Income as % of Total Operating Income
69% 66% 62% 69% 68%
12% 13% 26% 11% 7%
7% 7% 5%
5% 4%
12% 14% 7% 15% 20%
0%
50%
100%
FY 15 FY 16 FY 17 FY 18 FY 19
Fee Income % Treasury % Forex Gain % Others %
Operating Expenses
Particulars
QUARTER YEAR ENDED
Mar 19 Mar 18 YoY (%)
Mar 19 Mar 18 YoY (%)
Staff Expenses 212 179 18 761 639 19
Of above – Prov. for employee retirement benefits
42 15 138 64
Other Operating Expenses
215 193 12 854 782 9
TOTAL OPG. EXPENSES 427 372 15 1,615 1,421 14
(Rs. crore)
21
Key Ratios (Quarterly)
^ NIM for March 2018 includes revenue of non recurring nature 22
4.13%
3.65% 3.57% 3.60%
3.88%
3.00%
3.50%
4.00%
4.50%
Mar 18 June 18 Sep 18 Dec 18 Mar 19
NIM^
43.73% 45.18%
52.12% 49.45%
47.88%
40.00%
50.00%
60.00%
Mar 18 June 18 Sep 18 Dec 18 Mar 19
Cost to Income
0.30% 0.27%
0.49%
0.12%
0.35%
0.00%
0.50%
1.00%
Mar 18 June 18 Sep 18 Dec 18 Mar 19
ROA
3.23% 2.93%
5.28%
1.33%
3.74%
0.00%
5.00%
10.00%
Mar 18 June 18 Sep 18 Dec 18 Mar 19
ROE
Key Ratios (Annual)
23 ^ NIM for March 2018 includes revenue of non recurring nature
3.43%
3.70% 3.86%
3.67%
3.00%
3.50%
4.00%
4.50%
Mar 16 Mar 17 Mar 18 Mar 19
NIM^
47.63% 44.99% 44.43%
48.56%
40.00%
50.00%
60.00%
Mar 16 Mar 17 Mar 18 Mar 19
Cost to Income
1.03% 1.00%
0.53%
0.31%
0.00%
0.50%
1.00%
1.50%
Mar 16 Mar 17 Mar 18 Mar 19
ROA
12.41% 12.03%
5.52%
3.28%
0.00%
5.00%
10.00%
15.00%
Mar 16 Mar 17 Mar 18 Mar 19
ROE
Key Ratios (Qtr.)
Particulars Q3 FY 18-19 Q4 FY 18-19 Q4 FY 17-18
Cost of Deposits 5.80 5.80 5.78
Yield on Advances 9.59 9.81 9.89
Cost of Funds 5.82 5.82 5.70
Yield on Funds 8.62 8.90 9.14
NIM 3.60 3.88 4.13
Spread 2.80 3.08 3.44
24
4.11% 4.06% 3.94%
3.79%
4.01%
4.13% 3.65%
3.57%
3.60%
3.88%
3.44%
2.90% 2.79% 2.80%
3.08%
2.70%
3.50%
4.30%
Mar 18 Jun-18 Sep 18 Dec 18 Mar 19
Spread(Deposits and Advances) NIM Spread on Funds
Key Ratios (Annual)
Particulars FY 18-19 FY 17-18
Cost of Deposits 5.80 5.99
Yield on Advances 9.75 10.30
Cost of Funds 5.82 5.91
Yield on Funds 8.71 9.13
NIM 3.67 3.86
Spread 2.89 3.22
25
4.18
4.26 4.74
4.31 3.95
2.91
3.43
3.70 3.86
3.67
2.27
2.71 3.10
3.22
2.89
2.25
3.50
4.75
Mar 15 Mar 16 Mar 17 Mar 18 Mar 19
Spread(Deposits and Advances)% NIM% Spread on Funds%
Retail Liability Franchise : Granular & Sticky
Low concentration of Deposits
Term deposits are primarily retail deposits
93% of term
deposits are below Rs. 5 crore
Low dependence on wholesale deposits
26
70%
10%
20%
Term Deposits Demand Deposits Savings Deposits
9% 9%
7% 6% 6%
0%
5%
10%
15%
FY 15 FY 16 FY 17 FY 18 FY 19
Concentration of Top 20 depositors %
64%
21%
8% 7%
< Rs.15 Lakhs Rs.15 Lakhs-Rs.1 Cr
Rs.1 Cr-Rs.5 Cr > Rs.5 Cr
22% 23%
28%
29% 30%
20%
25%
30%
FY 15 FY 16 FY 17 FY 18 FY 19
CASA Mix
Investment Portfolio
Investments (Rs. crore) Portfolio wise Investment
Investment Portfolio
Debentures/CD/MF/CP includes SRs of Rs.422.72 crore (2.79%)
Duration
Yield on Investment
27
AFS HFT HTM
1.96 0.06 3.89
15992
15137
Mar 18 Mar 19
81.25%
17.77% 0.98%
SLR
Debentures/CD/MF/CP
Shares
7.00% 7.04%
Mar 18 Mar 19
69.75%
29.44%
0.81%
HTM
AFS
HFT
* AFS Duration Dec 18 was 1.82, Sep 18 was 2.63 ; HTM Duration Dec 18 was 4.05, Sep 18 was 4.27
Advances – Business Verticals
Advances by value terms Advances - Portfolio wise
Banking Groups ABG – Agri CBG – Commercial CIG – Corporate PBG – Personal
28
(Rs. crore)
17% 18%
17% 17%
16%
32% 32%
35% 35% 34%
37% 35%
33%
31% 28%
14% 15% 15% 17%
22%
FY15 FY16 FY17 FY18 FY19
ABG CBG CIG PBG
6240 7032
6979 7861
8,113
11774 12763
14504
16095 17,056 13402
13763
13612
14397 14,169
5275 5918
6340 7620
11,278
FY15 FY16 FY17 FY18 FY19
ABG CBG CIG PBG
Advances Portfolio
Particulars Mar 19 Mar 18 Y-o-Y
Growth %
Gross Advances 50,616 45,973 10
Commercial 17,056 16,095 6
Corporate 14,169 14,397 (2)
Retail (Personal Banking)* 11,278 7,620 48
Agriculture 8,113 7,861 3
Jewel Loans (incl. in above)
7,780 7,092 10
Segment wise advances
29
(Rs. crore)
35%
31%
17%
17%
Mar 18
Commercial
Corporate
Retail
Agriculture
34%
28%
22%
16%
Mar 19
*Includes IBPC of Rs.2,050 Cr and Rs.200 Cr for Mar. 19 and Mar. 18 respectively. Growth excl IBPC is 24%
Retail Portfolio
Segment Advances outstanding as at
Mar-19 Mar-18 Mar-17 Mar-16 Mar-15
Housing 3,619 2,795 2,330 2,094 1,757
Mortgage (LAP) 1,712 1,393 965 787 568
Vehicle 1,044 1,017 921 831 782
Jewel Loans 625 578 596 703 793
Personal Loans 424 296 316 354 356
Education Loans 235 261 266 245 207
Others* 3,620 1,280 946 904 779
Total 11,278 7,620 6,340 5,918 5,242
*Includes IBPC of Rs.2050 Cr and Rs.200 Cr for Mar 19 and Mar,18 respectively.
(Rs. crore)
30
Security Coverage
Nature of security 31.03.19
Exposure backed by - Letter of Credit 543
Liquid Assets ^ 8,746
Vehicles 2,996
Commodities 700
Total (1) 12,985
Exposure secured by Immovable Property (% Coverage) > 100% 23,440
90% to <100% 7,341
75% to <90% 1,956
50% to <75% 3,169
<50% 3,100
Total (2) 39,006
Exposure without Immovable property as security Corporate, Consortium, Government, etc. 2,205
Unsecured Exposure 508
Total (3) 2,713
Total Risk Assets outstanding – Fund and Non Funded (1+2+3)* 54,704 * Total risk assets excludes technical write off accounts ^Liquid Assets - Cash, Jewels, NSC/Insurance policies & other liquid assets Coverage defined as (Value of Security)/Loan Principal O/s. & is based on available valuation.
(Rs. crore)
31
Granular Loan Book
Commercial book
• Average ticket size of Rs. 4 Mn • 80% of commercial loans are less than Rs.
50 Mn
Corporate book
• Average ticket size of Rs. 347 Mn • 72 % of corporate loans are less than Rs.1 Bn • SMA 1 & 2 in corporate credit is ~0.61% of the book
Commercial Loans : Exposures upto Rs. 250 Mn Corporate Loans : Exposures above Rs. 250 Mn
32
80%
12% 7%
1%
< 50 Mn >= 50 Mn < 100 Mn >= 100 Mn < 250 Mn >= 250 Mn 18%
27%
27%
28%
< 250 Mn >= 250 Mn < 500 Mn
>= 500 Mn < 1 Bn >= 1 Bn
Advances – Composition
Well spread sub-sectorial exposures & diversified industrial exposures
Rs.506 Bn Breakup of Industrial exposure (Rs. 132 Bn)
Working capital focus enables quicker repricing of loans Low concentration: Top 20 borrowers (% of overall loans)
33
MANUFACTURING SECTOR, 26%
JEWEL LOAN, 15%
PERSONAL SEGMENT
LOANS, 14%
TRADING, 16%
CRE, 6%
Agri, 3%
BILLS, 3%
NBFC, 3%
OTHER EXPOSURES,
15%
INFRASTRUCTURE, 3%
POWER, 1%
TEXTILES, 8%
IRON & STEEL, 2%
FOOD PROCESSING
, 2%
CHEMICALS AND
CHEMICAL PRODUCTS,
1%
ALL ENGINEERIN
G, 1%
TRANSPORT SECTOR, 1%
GEMS & JEWELLERY,
1%
OTHERS, 6%
83% 79% 79% 80% 75%
17% 21% 21% 20% 25%
0%
50%
100%
FY15 FY16 FY17 FY18 FY 19
Working Capital Loans Term Loans
11% 10% 10%
8% 7%
FY15 FY16 FY17 FY18 FY 19
Advances – Sector Details
Particulars
Amount % to Total Advance Growth
over Mar-18
Mar-19 Mar-18 Mar-19 Mar 18 Amt %
Manufacturing 13,162 13,626 26 30 (464) (3)
Trading 7,979 7,851 16 17 128 1
Jewel loan 7,781 7,092 15 15 689 10
Personal loans @ 6,942 5,990 14 13 952 16
CRE 2,832 2,761 6 6 71 3
Agri (other than Jewel Loan)
1,293 1,613 3 4 (320) (20)
Bills 1,427 1,542 3 3 (115) (7)
NBFC 1,669 1,295 3 3 374 28
Capital market 1 71 - - (70) -
Others* 7,530 4,132 15 9 3,398 82
Total Advances 50,616 45,973 100 100 4,643 10
@ Vehicle, Housing, Deposit loans & Insta Loans *Exposure to other service sectors.
(Rs. crore)
34
Manufacturing Sector - Industry Wise
Industry Amount % to Total Advance Y-o-Y Growth
Mar-19 Mar-18 Mar-19 Mar-18 Amount %
TEXTILES 4,275 4,154 8.4 9.0 121 2.9 INFRASTRUCTURE 1,966 2,787 3.9 6.1 (821) (29.5) BASIC METAL & METAL PRODUCTS
837 1,324 1.7 2.9 (487) (36.8)
FOOD PROCESSING 864 749 1.7 1.6 115 15.4 GEMS & JEWELLERY 629 501 1.2 1.1 128 25.5 ALL ENGINEERING 520 625 1.0 1.4 (105) (16.8) CHEMICALS & CHEMICAL PRODUCTS
506 513 1.0 1.1 (7) (1.4)
RUBBER & PLASTIC PRODUCTS 571 361 1.1 0.8 210 58.2 CONSTRUCTION 459 471 0.9 1.0 (12) (2.5) WOOD & WOOD PRODUCTS 477 304 0.9 0.7 173 56.9 TRANSPORT SECTOR 438 400 0.9 0.9 38 9.5
PAPER & PAPER PRODUCTS 351 251 0.7 0.5 100 39.8 CEMENT & CEMENT PRODUCTS 246 292 0.5 0.6 (46) (15.8) BEVERAGES & TOBACCO 191 180 0.4 0.4 11 6.1 MINING & QUARRYING 269 187 0.5 0.4 82 43.9 PETROLEUM 46 30 0.1 0.1 16 53.3 GLASS & GLASSWARE 36 58 0.1 0.1 (22) (37.9)
LEATHER & LEATHER PRODUCTS 45 61 0.1 0.1 (16) (26.2) OTHER INDUSTRIES 436 379 0.9 0.8 57 15.0
TOTAL 13,162 13,626 26.1 29.6 (464) (3.4)
(Rs. crore)
35
Infrastructure Advances
Infrastructure
Amount O/s % to Total Advance Y-o-Y Growth
Mar 19 Mar 18 Mar 19 Mar 18 Amt %
Power 645 517 1.3 1.1 128 25
Road 379 483 0.8 1.1 (104) (22)
Infra Others 942 1,787 1.9 3.9 (845) (47)
TOTAL 1,966 2,787 3.9 6.1 (823) (29)
Power Sector Exposure
Ownership Mar 19 Mar 18
Government 365 227
Private 280 290 TOTAL 645 517
(Rs. crore)
36
Sector-wise Restructured Advances
S. N. SECTOR AMOUNT
Mar 19 Mar 18
1 INFRASTRUCTURE - 200.59
2 TEXTILES 11.13 42.59
3 AGRICULTURE 1.04 7.07
4 EDUCATIONAL LOANS - 0.08
5 AUTO LOANS 0.10 -
6 FOOD PROCESSING 5.43 -
7 HOUSING LOAN 0.34 -
8 IRON & STEEL 0.94 -
9 OTHERS 53.12 12.10
TOTAL 72.09 262.43
% to Total Advances 0.14 0.57
(Rs. crore)
37
2.69
76.44
16.23 0.03
4.61
% to Total Restructured Advances Mar-18
Agri
Infra
Textiles
Educational Loans
Others
1.44
15.44
0.14
0.47 1.29
7.53
73.69
% to Total Restructured Advances Mar-19
Agri
Textiles
Auto Loans
Housing loan
Iron and steel
Food Processing
Others
Portfolio performance
38
Portfolio performance improving Portfolio Outstanding in %, Base Mar.31, 2017 = 100
100 84
81 82 82
60 51 65
43
100
184
161 168
120 106
88 98
45
100
117 107 110
94
75 63 76
44
0
50
100
150
200
31.03.17 30.06.17 30.09.17 31.12.17 31.03.18 30.06.18 30.09.18 31.12.18 31.03.19
SMA-1 SMA-2 SMA30+
100
82 76
75 74
52 44
57
35
100
180
151 156
109
92 75 85
37
100
114
101 102
85
65 54 66
36
0
50
100
150
200
31.03.17 30.06.17 30.09.17 31.12.17 31.03.18 30.06.18 30.09.18 31.12.18 31.03.19
SMA1 SMA2 SMA 30+
Portfolio performance improving Balance in INR, Base Mar. 31, 2017 = 100 Portfolio performance improving
steadily
Stressed Book Analysis (Rs. crore)
39
Category 31.03.19 31.03.18
5/25 75 76
S4A Accounts - 79
Position under various dispensation packages
Movement of Restructured Advances
262 52 46 5 72
1863 2088 2052
2296 2420
406 399 397
372
324
3.78 3.72 3.67
3.95 4.06
0.10
1.10
2.10
3.10
4.10
0
1000
2000
3000
Mar 18 June 18 Sep 18 Dec 18 Mar 19
Std Restructured Assets Net NPA Net SR % of Total Assets
2531 2539 2495 2673 2816
Particulars
Apr-18 to Mar-19
Jan 19 to Mar-19
A/c’s Amt. A/c’s Amt.
A. Position at the beginning of the period
22 262.43 10 5.18
B. Addition during the period 29 68.03 29 68.03
C. Additions in existing A/c’s - 0.61 - 0.52
D. Addition through upgradation from NPA
- - - -
E. Accounts closed during the period
8 56.63 - -
F. Accounts ceasing to attract higher provision (upgradation)
5 1.74 5 1.64
G. Recoveries during the period
- - - -
H. Slippages during the period
4 200.60 - -
Position at the end of the period
A+B+C+D-(E+F+G+H) 34 72.09 34 72.09
NPAs & Provisions (Rs. crore)
40
3016 3563 3707
4056 4450
1863 2088 2052
2296 2420
1091 1409 1590 1692
1961
Mar-18 Jun-18 Sep-18 Dec-18 Mar-19
Gross NPA Net NPA NPA Provision
56.50 56.50 58.50
56.09 56.86
36.17 39.55
42.89 41.72 44.07
Mar 18 June 18 Sep 18 Dec-18 Mar 19
Provision Coverage Ratio % NPA Provision on Gross NPA %
VERTICAL Advances
O/s. Mar. 19
Net NPA Addition
Q4
Total NPA
Mar. 19
Accretion rate (%)
Q4 (annld.)
COMM. 17,056 112 1,074 2.63
CORP. 14,169 287 3,063 8.10
AGRI. 8,113 6 145 0.30
RETAIL (Per. Banking)
11,278 (11) 168 (0.39)
TOTAL 50,616 394 4,450 3.11
4.16 4.5 4.41
4.99 4.98
6.56
7.44 7.7
8.49 8.79
Mar-18 Jun-18 Sep-18 Dec-18 Mar 19
Net NPA% Gross NPA%
Movement of NPA
Particulars Apr 18 - Mar19 Apr 17 - Mar 18
Gross NPAs Opening Balance 3,016 1,484 Additions during the period 2,343 2,092
Reductions during the period 909 560
Closing Balance 4,450 3,016 Net NPAs Opening Balance 1,863 1,033 Additions during the period 931 1,103
Reductions/write off during the period 372 273
Closing Balance 2,420 1,863
Provisions
Opening Balance 1,091 429
Provn. made during the period 1,406 1,024
Write off/Write back of excess provn. 536 362
Closing Balance 1,961 1,091
(Rs. crore)
41
Provisions and Contingencies
Provision for Year ended Quarter ended
Mar 19 Mar 18 Mar 19 Mar 18
NPA 1,318 1,025 276 414
Standard Assets (3) (2) 5 (10)
Restructured Advances (8) (11) 3 (8)
Loss on sale to ARC - 185 - -
SDR, S4A, 5/25 etc. (10) (2) - (26)
NCLT (specific a/c’s) (12) 13 - 7
Others (incl. NPI) 86 3 25 (3)
Investment Depreciation 17 63 42 20
Total Provisions (excl. Tax) 1,388 1,274 352 394
Tax Expense 111 158 52 35
Total Provisions 1,499 1,432 404 429
(Rs. crore)
42
Capital Adequacy – Basel III
Entire Tier I comprises of CET1 capital, well
above the min. requirement of
7.375%
Nature Capital as at
Mar-19 Mar-18 Mar-17 Mar-16
Tier I 6,245 6,145 4,790 4,064
Tier II 752 226 278 330
Total 6,996 6,371 5,068 4,394
43
(Rs. crore)
11.26% 11.85%
13.92% 14.28%
0.91% 0.69% 0.51% 1.72%
12.17% 12.54%
14.43% 16.00%
0.50%
4.50%
8.50%
12.50%
16.50%
Mar 16 Mar 17 Mar 18 Mar 19
Tier I Tier II Total
Exponential growth in Mobile transactions
Market share in RTGS transactions POS Terminals
Cash Deposit Machines
Leveraging Technology - Delivery Channels
44
0.94% 0.99%
1.14% 1.07% 1.04%
FY15 FY16 FY17 FY18 FY19
Share of RTGS transactions (by volume)
9234 10157
22068 22873 21959
FY15 FY16 FY 17 FY 18 FY 19
POS TERMINALS
40 168
722 938
1738
FY15 FY16 FY17 FY 18 FY 19
Mobile Banking (Nos in '000)
338 353
444
533 534
FY15 FY16 FY 17 FY 18 FY 19
Cash Deposit Machines (Nos.)
Young workforce….. … well qualified … … lower attrition …
… leading to improved productivity
Human Resources
45
33 33 33 33
34
FY15 FY16 FY17 FY18 FY19
PG 54% Graduat
e 35%
Others 11% 4.5%
2.7% 2.2%
3.9%
2.7%
FY15 FY16 FY17 FY18 FY19
129
134 134
130
142
FY15 FY16 FY17 FY18 FY19
Business per branch (Rs. Crore)
11.2 12.4 12.85 12.92
14.42
FY15 FY16 FY17 FY18 FY19
Business per employee (Rs. Crore)
6.5
7.9 8.2
4.4
2.8
FY15 FY16 FY17 FY18 FY19
Profit per employee (Rs. Lakhs)
47
A Decade of Progress
47
Year 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19
Paid up Capital 54 94 107 107 107 122 122 122 145 160
Reserves 1,566 2,020 2,601 2,978 3,219 4,124 4,451 4,723 6,066 6,236
Owned funds 1,620 2,114 2,708 3,085 3,326 4,246 4,573 4,845 6,211 6,423
CRAR - Basel II 14.49% 14.41% 14.33% 14.41% 12.77% 14.63% 12.26%
Basel III 12.60% 14.62% 12.17% 12.54% 14.43% 16.00%
Deposits 19,272 24,722 32,112 38,653 43,758 44,690 50,079 53,700 56,890 59,868
Advances 13,675 18,052 24,205 29,706 34,226 36,691 39,476 41,435 45,973 50,616
Total Business 32,947 42,774 56,317 68,359 77,984 81,381 89,555 95,135 102,863 1,10,484
Total Income 2,005 2,482 3,621 4,695 5,680 5,977 6,150 6,405 6,600 6,779
Operating Profit 463 600 726 849 838 943 1,303 1,571 1,777 1,711
Net Profit 336 416 502 550 430 464 568 606 346 211
Dividend (%) 120 120 140 140 130 130 140 130 30 30
Branches (No.) 335 369 451 551 572 629 667 711 790 778
EPS (Rs.) 62.23 44.9 46.81 51.35 40.08 39.86 46.59 9.95* 4.98 2.64
Return on Assets 1.76% 1.71% 1.56% 1.35% 0.86% 0.88% 1.03% 1.00% 0.53% 0.31
Book Value(Rs.) 297.6 193.04 252.68 287.85 308.91 348.42 375.25 79.51* 85.49 80.29
No of Employees 4,175 4,574 5,673 6,730 7,339 7,197 7,211 7,400 7,956 7,663
* During the Financial Year 2016-17, one Equity Share face value of Rs.10/- each was subdivided into five Equity Shares of face value Rs.2/- each
(Rs. crore)