Idfc First Bank Ltd. · NSE:IDFCFIRSTB
Idfc First Bank — Q1 FY2023 Earnings Presentation
74 slides from Idfc First Bank's earnings presentation, Jul 30, 2022
Slide 1: Exchange filing cover letter
IDFCFIRSTBANK/SD/111/2022-23 July 30, 2022 National Stock Exchange of India Limited BSE Limited Exchange Plaza, Plot No. C - 1, G - Block Phiroze Jeejeebhoy Towers Bandra-Kurla Complex, Bandra (East) Dalal Street, Fort Mumbai 400 051 Mumbai 400 001 NSE - Symbol: IDFCFIRSTB BSE - Scrip Code: 539437 S
Slide 2: Investor Presentation – Q1 FY23
Investor Presentation – Q1 FY23
Slide 3: Table of Contents
1 Bank at a glance 2 Key Financial Highlights of Q1 FY23 3 Background of IDFC FIRST Bank 4 Our Vision 5 Products and Digital Innovation Table 6 Deposits and Borrowings of 7 Funded Assets Contents 8 Risk Management 9 Asset Quality 10 Profitability 11 Capital Adequacy 12 Board of Directors 13 Sharehol
Slide 4: Bank At a Glance (as on June 30, 2022)
1. Bank at a Glance Bank At a Glance (as on June 30, 2022) Funded Assets1 Customer CASA Ratio Core Operating Net Interest Deposits Profit Margin Rs. 1,37,663 Cr Rs. 1,02,868 Cr 50.04% Q1-FY23: Rs. 987 Cr 5.89% (21% YoY) (21% YoY) (-82 bps YoY) (64% YoY) (39 bps YoY) Capital Adequacy Profit After Ret
Slide 5: Salient Features of our Business Model
1. Bank at a Glance Salient Features of our Business Model • We maintain the highest levels of corporate governance at all times. Corporate • Our Board members are highly experienced and held senior positions in leading global corporations, government institutions or regulatory bodies. Governance •
Slide 6: Table of Contents
1 Bank at a glance 2 Key Financial Highlights of Q1 FY23 3 Background of IDFC FIRST Bank 4 Our Vision 5 Products and Digital Innovation Table 6 Deposits and Borrowings of 7 Funded Assets Contents 8 Risk Management 9 Asset Quality 10 Profitability 11 Capital Adequacy 12 Board of Directors 13 Sharehol
Slide 7: Key Financial Highlights of Q1 FY23
2. Key Financial Highlights of Q1 FY23 Key Financial Highlights of Q1 FY23 Area Key Parameters Q1 FY22 Q1 FY23 Growth (%/bps) Assets Total Funded Assets1 Rs. 1,13,794 Cr Rs. 1,37,663 Cr 21% Customer Deposits Rs. 84,893 Cr Rs. 1,02,868 Cr 21% Deposits CASA Ratio (%) 50.86% 50.04% 82 bps Bank Level GN
Slide 8: Strong growth in profitability; ROA touches ~1%
2. Key Financial Highlights of Q1 FY23 Strong growth in profitability; ROA touches ~1% Profit After Tax (Rs. Cr) Return on Average Total Assets 38% 474 20 bps 0.97% 13 bps 22% 0.77% 343 281 27 bps 0.64% 85% 0.37% 152 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23 The strong profitab
Slide 9: Table of Contents
1 Bank at a glance 2 Key Financial Highlights of Q1 FY23 3 Background of IDFC FIRST Bank 4 Our Vision 5 Products and Digital Innovation Table 6 Deposits and Borrowings of 7 Funded Assets Contents 8 Risk Management 9 Asset Quality 10 Profitability 11 Capital Adequacy 12 Board of Directors 13 Sharehol
Slide 10: The IDFC Bank- Capital First Merger
3. Background of IDFC FIRST Bank The IDFC Bank- Capital First Merger • IDFC FIRST Bank was created by the merger of Erstwhile IDFC Bank and Erstwhile Capital First on December 18, 2018. • Erstwhile IDFC Bank started its operation as a Bank after demerger from IDFC Ltd, a premier infrastructure Finan
Slide 11: Background - Erstwhile IDFC Bank
3. Background of IDFC FIRST Bank Background - Erstwhile IDFC Bank About IDFC Bank In 2015, IDFC Bank was formed out of demerger from IDFC Ltd which was one of the biggest infrastructure finance company in India. The institution diversified into Asset Management, Institutional Broking and Investment
Slide 12: Background - Erstwhile Capital First
3. Background of IDFC FIRST Bank Background - Erstwhile Capital First (Rs. Cr) Background Strong growth in AUM 5 Yr PAT CAGR of 56% Wholesale AUM Retail AUM Total AUM 32,623 327 26,997 Capital First was a successful NBFC, 239 19,824 206 growing its loan book and net profits at 16,041 114 166 11,975
Slide 13: Table of Contents
1 Bank at a glance 2 Key Financial Highlights of Q1 FY23 3 Background of IDFC FIRST Bank 4 Our Vision 5 Products and Digital Innovation Table 6 Deposits and Borrowings of 7 Funded Assets Contents 8 Risk Management 9 Asset Quality 10 Profitability 11 Capital Adequacy 12 Board of Directors 13 Sharehol
Slide 14: Key Excerpts from MD & CEO’s letter to shareholders in AR 2020-21
4. Our Vision Key Excerpts from MD & CEO’s letter to shareholders in AR 2020-21 Our Vision: “To build a world class bank in India, guided by ethics, powered by technology and be a force for social good.” 12
Slide 15: Key Excerpts from MD & CEO’s letter to shareholders in AR 2021-22
4. Our Vision Key Excerpts from MD & CEO’s letter to shareholders in AR 2021-22 13
Slide 16: Table of Contents
1 Bank at a glance 2 Key Financial Highlights of Q1 FY23 3 Background of IDFC FIRST Bank 4 Our Vision 5 Products and Digital Innovation Table 6 Deposits and Borrowings of 7 Funded Assets Contents 8 Risk Management 9 Asset Quality 10 Profitability 11 Capital Adequacy 12 Board of Directors 13 Sharehol
Slide 17: The Bank has a wide bouquet of fund based and non-fund based products
5. Product & Digital The Bank has a wide bouquet of fund based and non-fund based products Innovations across urban and rural consumer, MSMEs and Corporates For salaried & self-employed individuals, the Bank provides various For business professionals, the bank provides Comprehensive funded and prod
Slide 18: The Bank has a wide range of Current and Savings Account Offerings
5. Product & Digital Innovations The Bank has a wide range of Current and Savings Account Offerings CURRENT ACCOUNTS: SAVINGS ACCOUNTS: The Bank has multiple current account offerings doorstep The Bank offers savings accounts with attractive interest rates and multiple features including health bank
Slide 19: Our Digital Initiatives
Our Digital Initiatives 5. Product & Digital Innovations Significant traction on electronic platforms RTGS & NEFT 94% Ranked 6th 1st Mover 8.5 mn+ payments through CMS Retail Digital Bharat Bill Payment in adoption of account FASTag issued since solutions up by 173% (vol.) and Transactions System (B
Slide 20: India’s FIRST FASTAG with Triple Benefits – Toll, Fuel and Parking!
5. Product & Digital Innovations India’s FIRST FASTAG with Triple Benefits – Toll, Fuel and Parking! 85,00,000 + 432 19,000 22 Number of FASTag issued Toll Plaza Merchants Fuel Merchants Parking Merchants 30% Market Share 39% Market Share Largest Fuel Acquirer Largest Parking Acquirer (Average Daily
Slide 21: Wealth Management: Easy to use Wealth Management Application
5. Product & Digital Innovations Wealth Management: Easy to use Wealth Management Application AUM of Wealth Management Business has grown 92% On-line Mutual Fund Investing 1 YoY to reach Rs. 6,693 crore as on June 30, 2022. 2 Consolidated Investment Dashboard 3 MF Holdings & Transaction Management 4
Slide 22: Table of Contents
1 Bank at a glance 2 Key Financial Highlights of Q1 FY23 3 Background of IDFC FIRST Bank 4 Our Vision 5 Products and Digital Innovation Table 6 Deposits and Borrowings of 7 Funded Assets Contents 8 Risk Management 9 Asset Quality 10 Profitability 11 Capital Adequacy 12 Board of Directors 13 Sharehol
Slide 23: Deposits: Strong growth in CASA Deposits
6. Deposits and Borrowings Deposits: Strong growth in CASA Deposits Proven Capability to grow in Rs. crore CASA Deposits 56,720 51,170 Q1 FY23 vs Q1 FY22 ↑22% 45,896 3Y CAGR: 86% 20,661 7,893 5,544 31 Mar 18 31 Mar 19 31 Mar 20 31 Mar 21 31 Mar 22 30 Jun 22 21
Slide 24: Deposits: CASA Ratio stable at ~ 50%
6. Deposits and Borrowings Deposits: CASA Ratio stable at ~ 50% The CASA ratio has been stable at ~ 50% for over a year now despite our reducing the interest rate in FY 21-22. CASA Ratio stable @ ~50% Bank is confident of maintaining the same going forward as we expand 51.75% the book from here on.
Slide 25: Deposits: Strong growth in Retail Deposits
6. Deposits and Borrowings Deposits: Strong growth in Retail Deposits ( Retail CASA + Retail Term Deposit) Retail Deposits (Retail CASA & Retail Term Deposits) have grown significantly in Rs. crore based on on high service levels, strong brand and excellent customer first products. Even during COVID
Slide 26: Deposits: Strong growth in Total Customer Deposits
6. Deposits and Borrowings Deposits: Strong growth in Total Customer Deposits in Rs. crore Total Customer Deposits (Retail Deposits + Wholesale Deposits) has grown strongly by 3-year CAGR of 32% 1,02,868 93,214 Q1 FY23 vs Q1 FY22 ↑21% 82,725 3Y CAGR: 32% 57,719 40,504 28,370 31 Mar 18 31 Mar 19 31 M
Slide 27: Summary of Deposits & Borrowings
6. Deposits and Borrowings Summary of Deposits & Borrowings In Rs. Crore Jun-21 Mar-22 Jun-22 YoY% Legacy Long Term Bonds 7,645 6,663 6,624 -13% Legacy Infrastructure Bonds 9,487 9,111 7,958 -16% Refinance 13,999 16,407 17,630 26% Tier II Bonds - 1,500 1,500 - Other borrowings 7,131 5,701 5,315 -25%
Slide 28: Legacy High Cost Borrowing continues to run down.
6. Deposits and Borrowings Legacy High Cost Borrowing continues to run down. Balance Maturity In Rs. Cr Beyond RoI (%) As on Jun-21 As on Jun-22 FY23 FY24 FY25 FY26 FY26 Infrastructure Bonds 9,487 7,958 477 1,094 5,495 892 - 8.89% Long Term Legacy Bonds 7,645 6,624 - 1,660 1,306 3,658 - 9.04% Other
Slide 29: Table of Contents
1 Bank at a glance 2 Key Financial Highlights of Q1 FY23 3 Background of IDFC FIRST Bank 4 Our Vision 5 Products and Digital Innovation Table 6 Deposits and Borrowings of 7 Funded Assets Contents 8 Risk Management 9 Asset Quality 10 Profitability 11 Capital Adequacy 12 Board of Directors 13 Sharehol
Slide 30: Diversified Funded Assets
7. Funded Assets Diversified Funded Assets Composition of Funded Assets Infrastructure Finance , 5% Home Loan , 11% Corporate and others , 22% Loan Against Property , 14% Overall Funded Assets Commercial Finance, 8% (as on June 30, 2022) Rs. 1,37,663 crore Wheels , 8% Credit Card , 2% Digital, Gold
Slide 31: Consistent growth in Retail and Commercial Finance
7. Funded Assets Consistent growth in Retail and Commercial Finance The bank has developed deep specialisation in providing retail and commercial financing for over a decade with low NPA levels of Gross and Net NPA of ~2% and 1% respectively. ( including the experience of both institutions put toget
Slide 32: Stable Corporate Banking Loan Book
7. Funded Assets Stable Corporate Banking Loan Book Corporate (Non-infrastructure) Loan Book (Rs. Crore) 32,155 Stable Corporate Banking Book 27,039 23,676 23,970 22,427 22,499 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Jun-22 • The Bank has brought down the legacy infrastructure financing portfolio from Rs
Slide 33: Summary of Funded Assets
7. Funded Assets Summary of Funded Assets Gross Funded Assets (In Rs. Crore)1 Jun-21 Mar-22 Jun-22 Growth YoY% Retail Book 64,600 82,333 90,630 40% - Home Loan 9,511 14,106 15,352 61% - Loan Against Property 16,217 18,142 18,631 15% - Wheels 9,185 9,703 11,359 24% - Consumer Loans 13,843 17,355 19,6
Slide 34: Table of Contents
1 Bank at a glance 2 Key Financial Highlights of Q1 FY23 3 Background of IDFC FIRST Bank 4 Our Vision 5 Products and Digital Innovation Table 6 Deposits and Borrowings of 7 Funded Assets Contents 8 Risk Management 9 Asset Quality 10 Profitability 11 Capital Adequacy 12 Board of Directors 13 Sharehol
Slide 35: Risk Management in Retail & Commercial Finance
8. Risk Management In Retail Risk Management in Retail & Commercial Finance Asset quality in retail and commercial finance lending is driven by 3 factors: - Sourcing & Underwriting Quality (trends described in 8a) - Cheque bounce on presentation (trends described in 8b) - Collection Efficiency (tren
Slide 36: 8a. Improved quality of sourcing
8. Risk Management In Retail 8a. Improved quality of sourcing 90% of customers are credit tested before we onboard them, as Of the 90% customers who are credit tested, 84% have credit bureau compared to 83% in 2019, indicating migration to safer credit profiles. score of > 700, compared to 61% in 20
Slide 37: 8b. Reduced Cheque Bounce on Presentation
8. Risk Management In Retail 8b. Reduced Cheque Bounce on Presentation The number of cheques returned on presentation after 1st month after booking is a direct indicator of asset quality. Such bounces on presentation have reduced by over 30% as compared to Dec-19 (Pre – COVID) Thus, the requirement
Slide 38: 8c. Increased Collection Efficiency Trend
8. Risk Management In Retail 8c. Increased Collection Efficiency Trend Post return of cheques, the collection team contacts customers. Here the indicator of success is collection efficiency. The collection efficiency in early-stage bucket (urban retail) has increased from 98.9% pre COVID to 99.4%, a
Slide 39: Risk Management in Wholesale Banking
8. Risk Management In Wholesale Risk Management in Wholesale Banking The Bank has reduced its exposure to corporate sector from Similarly, the Bank has reduced its exposure to infrastructure sector from 29% in Mar-19 to 17% in Jun-22 19% in Mar-19 to 5% in Jun-22 19% 29% 14% 23% 19% 18% 17% 9% 5% 5%
Slide 40: Table of Contents
1 Bank at a glance 2 Key Financial Highlights of Q1 FY23 3 Background of IDFC FIRST Bank 4 Our Vision 5 Products and Digital Innovation Table 6 Deposits and Borrowings of 7 Funded Assets Contents 8 Risk Management 9 Asset Quality 10 Profitability 11 Capital Adequacy 12 Board of Directors 13 Sharehol
Slide 41: Asset Quality Composition
9. Asset Quality Asset Quality Composition Advances (Rs. Crore) Retail & Commercial Book Corporate Book Infrastructure Book Total Loans & Advances 6,500 @ 129,543 The significant part of the book, i.e. the 21,734 GNPA: 21.74% Retail and Small business financing has @ NNPA: 11.82% GNPA: 3.36% low NPA
Slide 42: Retail & Commercial Finance – Asset Quality continues to improve
9. Asset Quality Retail Retail & Commercial Finance – Asset Quality continues to improve Retail & Commercial Finance • Our portfolio tracking GNPA NNPA indicators (sourcing quality, 4.01% bounces and collection %) 3.86% 3.45% indicate that our GNPA and 2.92% NNPA is expected to remain 2.63% 2.26% ra
Slide 43: Corporate Book (Non-Infrastructure) - Asset Quality Trend
9. Asset Quality Wholesale Corporate Book (Non-Infrastructure) - Asset Quality Trend We follow prudent underwriting, reduction of concentration risk, proper industry and customer selection processes for corporate credit. Corporate Book (Non-Infrastructure) 3.98% 3.67% 3.08% Excluding one retail chai
Slide 44: Bank level Asset quality continues to improve
9. Asset Quality Bank Bank level Asset quality continues to improve Bank Level 4.61% 4.15% 4.27% 3.96% Excluding the NPA in the 3.70% 3.36% infrastructure financing book 2.83% which will run down in due 2.32% 2.09% 2.39% 1.86% 1.74% course, the Gross and Net 1.53% 1.23% 1.30% NPA of the Bank would h
Slide 45: Table of Contents
1 Bank at a glance 2 Key Financial Highlights of Q1 FY23 3 Background of IDFC FIRST Bank 4 Our Vision 5 Products and Digital Innovation Table 6 Deposits and Borrowings of 7 Funded Assets Contents 8 Risk Management 9 Asset Quality 10 Profitability 11 Capital Adequacy 12 Board of Directors 13 Sharehol
Slide 46: Strong rise in Net Interest Income
10. Profitability Strong rise in Net Interest Income Net Interest Income (In Rs. Crore) FY22 - 3-Year CAGR 26% 32% 9,706 Q1 FY23 vs Q1 FY22 26% NII has grown at a 3-Year CAGR of 21% 26%. We expect to sustain similar 7,380 growth in the foreseeable future. 25% 6,076 We expect to maintain NIM% at 4,84
Slide 47: Strong growth in Fee & Other Income
10. Profitability Strong growth in Fee & Other Income Fee and Other Income (In Rs. Crore) Fee Income Break up for Q1-FY23 Others, 5% Loan Origination fees, 32% FY22 – 3-Year CAGR 32% General Banking Fees, 2,691 66% 24% Q1 FY23 vs Q1 FY22 100% Wealth Management & 3rd Party 7% Distribution, 11% Credit
Slide 48: Strong increase in Core Operating Profit
10. Profitability Strong increase in Core Operating Profit Core Operating Profit (In Rs. Crore) 2,753 36% 44% FY22 – 3-Year CAGR • The core operating profit has grown Q1 FY23 vs Q1 FY22 64% at a 3 year CAGR of 36% against the 8% overall 3 year loan book growth of 1,909 6%. 1,764 60% • Such strong ou
Slide 49: Quarterly Income Statement
10. Profitability Quarterly Income Statement Growth (%) In Rs. Crore Q1 FY22 Q4 FY22 Q1 FY23 YoY Interest Income 4,089 4,554 4,922 20% Interest Expense 1,905 1,884 2,171 14% Net Interest Income 2,185 2,669 2,751 26% Fee & Other Income 449 841 899 100% Trading Gain1 393 (9) (44) -111% Operating Incom
Slide 50: Balance Sheet
10. Profitability Balance Sheet Growth (%) In Rs. Crore Jun-21 Mar-22 Jun-22 (YoY) Shareholders' Funds 20,170 21,003 21,485 7% Deposits 91,312 1,05,634 1,13,349 24% - CASA Deposits 46,439 51,170 56,720 22% - Term Deposits 44,872 54,464 56,629 26% Borrowings 48,430 52,963 55,688 15% Other liabilities
Slide 51: Table of Contents
1 Bank at a glance 2 Key Financial Highlights of Q1 FY23 3 Background of IDFC FIRST Bank 4 Our Vision 5 Products and Digital Innovation Table 6 Deposits and Borrowings of 7 Funded Assets Contents 8 Risk Management 9 Asset Quality 10 Profitability 11 Capital Adequacy 12 Board of Directors 13 Sharehol
Slide 52: Capital Adequacy Ratio is strong at 15.77% as on June 30, 2022
11. Capital Adequacy Capital Adequacy Ratio is strong at 15.77% as on June 30, 2022 In Rs. Crore Jun-21 Mar-22 Jun-22 Common Equity 19,460 20,199 20,821 Tier 2 Capital Funds 916 2,525 2,618 Total Capital Funds 20,376 22,724 23,439 Total Risk Weighted Assets 1,30,946 1,35,728 1,48,600 CET 1 Ratio (%)
Slide 53: Table of Contents
1 Bank at a glance 2 Key Financial Highlights of Q1 FY23 3 Background of IDFC FIRST Bank 4 Our Vision 5 Products and Digital Innovation Table 6 Deposits and Borrowings of 7 Funded Assets Contents 8 Risk Management 9 Asset Quality 10 Profitability 11 Capital Adequacy 12 Board of Directors 13 Sharehol
Slide 54: Board of Directors: MD & CEO Profile
12. Board of Directors Board of Directors: MD & CEO Profile Vaidyanathan aspires to create “a world-class bank Indian Bank which offers high-quality affordable and ethical banking for India”. He left a Board level position at ICICI group in 2010 and bought shares of a small listed, loss making, real
Slide 55: Board of Directors
12. Board of Directors Board of Directors MR. SANJEEB CHAUDHURI – PART-TIME NON-EXECUTIVE CHAIRPERSON (INDEPENDENT DIRECTOR) Mr. Sanjeeb Chaudhuri is a Board member and Advisor to global organizations across Europe, the US and Asia. He has most recently been Regional Business Head for India and Sout
Slide 56: Board of Directors
12. Board of Directors Board of Directors MR. HEMANG RAJA - INDEPENDENT DIRECTOR Mr. Hemang Raja, is an MBA from Abeline Christian University, Texas, with a major in finance. He has also done an Advance Management Program (AMP) from Oxford University, UK. He has vast experience in the areas of Priva
Slide 57: Board of Directors
12. Board of Directors Board of Directors MR. AJAY SONDHI - NON-EXECUTIVE NON INDEPENDENT DIRECTOR Mr. Ajay Sondhi, is a 2017 Fellow, Harvard Advanced Leadership Initiative, MBA - Finance from JBIMS, Mumbai University, and B.A. in Economics (Honors) from St. Stephens College, Delhi University. He is
Slide 58: Table of Contents
1 Bank at a glance 2 Key Financial Highlights of Q1 FY23 3 Background of IDFC FIRST Bank 4 Our Vision 5 Products and Digital Innovation Table 6 Deposits and Borrowings of 7 Funded Assets Contents 8 Risk Management 9 Asset Quality 10 Profitability 11 Capital Adequacy 12 Board of Directors 13 Sharehol
Slide 59: Shareholding Pattern as of June 30, 2022
13. Shareholding Pattern Shareholding Pattern as of June 30, 2022 Scrip Name : IDFC FIRST Bank (BSE: 539437, NSE:IDFCFIRSTB) Other Body Trusts and Clearing Corporate, 1.2% Members, 0.1% President of India, 4.2% Total # of shares as of June 30, 2022 621.91 Cr Public (Incl. NRIs), 29.2% Promoters, 36.
Slide 60: Table of Contents
1 Bank at a glance 2 Key Financial Highlights of Q1 FY23 3 Background of IDFC FIRST Bank 4 Our Vision 5 Products and Digital Innovation Table 6 Deposits and Borrowings of 7 Funded Assets Contents 8 Risk Management 9 Asset Quality 10 Profitability 11 Capital Adequacy 12 Board of Directors 13 Sharehol
Slide 61: FIRST Compass at IDFC FIRST Bank 2022 Highlights
FIRST Compass at IDFC FIRST Bank 14. FIRST Compass (ESG) 2022 Highlights I II III Integrating ESG within our Governance ESG Journey ESG Framework @ IDFC FIRST structure Supporter of Task Force on ✓ ESG Steering Committee Climate-Related Financial Committed to scaling up Disclosures ESG/ sustainabili
Slide 62: FIRST Compass at IDFC FIRST Bank 2022 Highlights
FIRST Compass at IDFC FIRST Bank 14. FIRST Compass (ESG) 2022 Highlights Social Environmental Governance ✓ Financial Inclusion - Serving + 6 million customers across ✓ Green buildings & LEED building - IGBC ✓ Strong Board Structure: 70,000 villages/towns across the country and 75% of certification &
Slide 63: Table of Contents
1 Bank at a glance 2 Key Financial Highlights of Q1 FY23 3 Background of IDFC FIRST Bank 4 Our Vision 5 Products and Digital Innovation Table 6 Deposits and Borrowings of 7 Funded Assets Contents 8 Risk Management 9 Asset Quality 10 Profitability 11 Capital Adequacy 12 Board of Directors 13 Sharehol
Slide 64: Awards and Recognition
15. Awards & Recognition Awards and Recognition Breaking Ground in WASH Financing Best Payments & Collections Solution Award 2021 - Asset Asian Awards Best Innovative Payment Solution - Phi Commerce Best Consumer Digital Bank in India – 2021 - Global Finance Magazine Best Wealth management provider
Slide 65: IDFC FIRST Bank
IDFC FIRST Bank We are building a world class bank with: - Highest levels of corporate governance - Stable balance sheet growth of ~20-25%, - Robust asset quality of GNPA less than 2% and net NPA of < 1% - High teens ROE - Contemporary technology and - High levels of Customer Centricity. 63
Slide 66: Disclaimer
Disclaimer This presentation has been prepared by and is the sole responsibility of IDFC FIRST Bank (together with its subsidiaries, referred to as the “Company”). By accessing this presentation, you are agreeing to be bound by the trailing restrictions. This presentation does not constitute or form
Slide 67: THANK YOU
THANK YOU IDFC FIRST Bank
Slide 68: Performing well on the guidances given at the time of the merger (Liabilities)
We are happy to say that the Bank is performing well on the guidances given at Annexure 1 the time of the merger. Dec-18 Jun-22 Particulars Guidance for FY24-FY25 (At Merger) Latest quarter C Net-worth (Share Capital and Reserves & Surplus) Rs. 18,376 Cr -- Rs. 21,485 Cr A P I CET – 1 Ratio 16.14% >
Slide 69: Performing well on the guidances given at the time of the merger (Assets, Earnings)
We are happy to say that the Bank is performing well on the guidances given at Annexure 1 the time of the merger. Dec-18 Jun-22 Particulars Guidance for FY24-FY25 (At merger) Latest quarter Retail and Commercial Finance (Net of IBPC) Rs. 36,927 Cr Rs. 100,000 Cr Rs. 1,01,309 Cr (37%) Retail and Comm
Slide 70: Annexure 2
Annexure 2 Since the business model of Capital First is an important part of the business being built in the merged bank, the brief history and the progress of Capital First is being provided for ready reference to investors. 68
Slide 71: Successful Trajectory of Growth and Profits at Capital First
Successful Trajectory of Growth and Profits at Capital First This page is an extract from Capital First investor Presentation of September 2018, which is the last quarter prior to merger. Presented Annexure 2 here to demonstrate the capability of the core loan book and the track record of growth and
Slide 72: Capital First: the Return on Equity continuously improved over the quarters
Capital First: the Return on Equity continuously improved over the quarters… Annexure 2 This page is an extract from Capital First investor Presentation of September 2018, which is the last quarter prior to merger. Presented here to demonstrate the capability of the core loan book and the track reco
Slide 73: Successful Trajectory of Growth and Profits at Capital First
Successful Trajectory of Growth and Profits at Capital First This page is an extract from Capital First investor Presentation of September 2018, which is the last quarter prior to merger. Presented Annexure 2 here to demonstrate the capability of the core loan book and the track record of growth and
Slide 74: Successful Trajectory of Growth and Profits at Capital First
Successful Trajectory of Growth and Profits at Capital First This page is an extract from Capital First investor Presentation of September 2018, which is the last quarter prior to merger. Presented Annexure 2 here to demonstrate the capability of the core loan book and the track record of growth and