Yes Bank Limited · NSE:YESBANK
Yes Bank — Q2 FY2025 Earnings Presentation
69 slides from Yes Bank's earnings presentation, Oct 26, 2024
Slide 1: Exchange cover letter: Press Release and Investor Presentation
YBL/CS/2024-25/123 October 26, 2024 National Stock Exchange of India Limited BSE Limited Exchange Plaza, Corporate Relations Department Plot no. C/1, G Block, P.J. Towers, Dalal Street Bandra - Kurla Complex Mumbai – 400 001 Bandra (E), Mumbai - 400 051 BSE Scrip Code: 532648 NSE Symbol: YESBANK Dea
Slide 2: Press release: Financial results for quarter ended September 30, 2024
October 26, 2024 YES BANK ANNOUNCES FINANCIAL RESULTS FOR THE QUARTER ENDED SEPTEMBER 30, 2024 Key Highlights ▪ Net Profit for Q2FY25 at INR 553 Crs up 145.6% Y-o-Y & 10.1% Q-o-Q • Operating Profit at INR 975 Crs up 21.7% Y-o-Y and 10.2% Q-o-Q • NII at INR 2,200 Crs for Q2FY25 up 14.3% Y-o-Y; NIMs s
Slide 3: Financial Highlights
Financial Highlights Profit and Loss ▪ NII at INR 2,200 Crs for Q2FY25 up 14.3% Y-o-Y ▪ NIMs at 2.4% for Q2FY25 vs. 2.3% in Q2FY24 & 2.4% in previous quarter ▪ Non-Interest Income for Q2FY25 at INR 1,407 Crs. at 1.4% of Average Assets (annualized). Normalized for realized /unrealized gain on Investm
Slide 4: Asset quality and other highlights
▪ Gross Slippages for Q2FY25 at INR 1,314 Crs v/s. INR 1,263 Crs in Q2FY24 and INR 1,204 Crs in Q1FY25 ▪ Overdue book of 31-90 days at INR 3,762 Crs from INR 3,898 Crs in Q2FY24 and INR 3,623 Crs in Q1FY25 • 31-60 days book at INR 1,896 Crs v/s. INR 1,815 Crs last quarter • 61-90 days book at INR 1,
Slide 5: Financial Highlights from Q2FY25
Financial Highlights from Q2FY25 Profit & Loss Statement Highlights (INR Crs) Q2FY25 Q1FY25 Q-o-Q % Q2FY24 Y-o-Y % Net Interest Income 2,200 2,244 -1.9% 1,925 14.3% Non-Interest Income 1,407 1,199 17.3% 1,210 16.3% Total Net Income 3,607 3,443 4.8% 3,135 15.1% Operating Profit/(Loss) 975 885 10.2% 8
Slide 6: Investor Presentation Q2FY25 Financial Results
INVESTOR PRESENTATION Q2FY25 Financial Results October 26, 2024
Slide 7: Contents
Contents Overview Financial Results- Q2FY25 YES BANK Franchise 2
Slide 8: New Generation, Professionally Run Private Sector Bank with a Scalable Platform
New Generation, Professionally Run Private Sector Bank with a Scalable Platform • 6th Largest Private Sector 1, Universal Bank offering comprehensive suite of product and services via its pan India network of 1,237 branches, 221 BCBOs and 1,325 ATMs (including CRMs and BNAs) in over 300 districts of
Slide 9: Deposits Metrics consistently outperforming Industry
Deposits Metrics consistently outperforming Industry All figures in INR Crs Deposits traction : consistent outperformance to Industry Outperformance even more significant in CA Deposits Strong pickup in SA post strategic de-bulking till H1FY24 Total Deposits YoY Growth Industry Growth Current Accoun
Slide 10: Significant improvements in Asset Quality
Significant improvements in Asset Quality All figures in INR Crs Sustained improvement in GNPA, NNPA & Net carrying value of SRs Consistent improvement in Provision Coverage ratio Reduction in Std. Restructured Accounts (Gross) Gross NPA (%) Net NPA (%) Net Carrying Value of SRs PCR (%) PCR incl. T
Slide 11: Improving Profitability- remains a key focus area
Improving Profitability- remains a key focus area Key Levers Resolution of PSL (Priority Sector Lending) shortfall related drag Focus Target Metrics Page No. Ensuring full PSL compliance1 through organic sourcing, BC partnerships and Inorganic Interventions Organic PSL balances & reduction in shortf
Slide 12: Several Business outcomes demonstrating effective execution of Strategic Objectives
Several Business outcomes demonstrating effective execution of Strategic Objectives All figures in INR Crs Higher share of RoA Accretive Retail Products Increasing share of Internal Sourcing in Retail Advances Strong growth in Retail & Branch Banking Deposits led by CASA Retail & Branch Banking Depo
Slide 13: Significant progress on ensuring PSL compliance
Significant progress on ensuring PSL compliance Sustained momentum in Organic balances; NIL Shortfalls in Overall and Sub-categories Comprehensive strategy adopted & currently under execution to substantially reduce the quantum of RIDF balances over 2-3 years timeframe • Ensuring NIL shortfalls in o
Slide 14: Balance Sheet mix to stabilize from hereon
Balance Sheet mix to stabilize from hereon Stabilization in mix to drive improvement in efficiency and profitability outcomes at the Bank level Significant shift in Balance Sheet and Income mix towards higher C/I intensive segments over the last few years. Advances mix expected to largely stabilize
Slide 15: Retail Assets- Product and Sourcing Mix calibration
Retail Assets- Product and Sourcing Mix calibration oriented towards profitability improvement All figures in INR Crs Broadly retained product risk profile through Mix Optimization within existing product 1 Calibration in Disbursement growth with focus on ROA Accretive Products 2 categories RoA Accr
Slide 16: SME Segment: Niche Segment with Proven Expertise
SME Segment: Niche Segment with Proven Expertise Granular Book with improving Income generation All figures in INR Crs 1 High quality & well diversified granular book with best-in-class Asset Quality 2 Sustainable Product Mix Book Split by Ticket Size (count of customers) 5% 5% 0 - 0.5 Cr SME GNPA %
Slide 17: Mid Corporate Segment
Mid Corporate Segment Strong Competitive Advantage aided by Relationships, Expertise & Solutioning All figures in INR Crs 1 Steady growth in Balances in the Mid Corporate segment 2 Strong source of Fee Income Q1FY24 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Mid Corporate Fees As % of Advances 25.5% Y-o-Y 6
Slide 18: Maximizing Branch Distribution as Fulcrum of Business
Maximizing Branch Distribution as Fulcrum of Business Leveraging existing (and growing) network to offer full spectrum of products All figures in INR Crs Branch Banking led Deposits: 22.6%CAGR (FY23-Q2FY25) Deposits Outperformance in Branch Banking – even Branch led sourcing of Assets and distributi
Slide 19: Non-Interest Income: Strong Traction in Granular and Transactional Fee Streams
Non-Interest Income: Strong Traction in Granular and Transactional Fee Streams 1 Strong Traction in Non-Interest Income, even in the case of Core Fees 1 2 Steady Contribution to RoA FY23 FY24 Q2FY24 Q1FY25 Q2FY25 Core Fees as % of Assets 38.8% Y-o-Y 38.1% Y-o-Y 1.3% 1.3% 1.3% 5,114 1.2% 4,837 1.0% 3
Slide 20: Digital @ Banking
Digital @ Banking A blend of distinctive capabilities, integrated strategy and multi pronged delivery channels aimed at enhancing skill with better efficiency and profitability Distinctive Capabilities Business Integrated Strategy Multi Pronged Delivery Market Leadership – YBL processes ~1 in 3 ‘Del
Slide 21: Augmenting Digital & Transaction Banking Stack
Augmenting Digital &Transaction Banking Stack Customer Journeys and Internal Tools & Workflows Retail Customers Employee MSME & Corporate Customers Recent Add-ons Book of Work 1. Digital LRS (Liberalized Remittance Scheme) – Available in Yes Online 1. Gen Next AI: Using tech to service customer and
Slide 22: IRIS – A Next Gen 'all-in-one' Retail SUPER APP
IRIS – A Next Gen ‘all-in-one’ Retail SUPER APP Gaining Strong Traction Since Go Live in Aug 2023 ✓30.8 lakh ✓18.6 Lakh ✓~20,500 ✓4.3 Lakh ✓120 Lakh ✓250 Lakh Registered Monthly Active PL Sourced RuPay Cards Service Request Transactions Users Users1 issued Handled ~60% of ~3,800 PL ~60,000 Cards 15.
Slide 23: YES Connect: Enriched Customer Experience
YES Connect : Enriched Customer Experience Super App for Businesses API’fication of our Marketplace model Sachetization of Solutions across Industry Segments (YES Bank + Partner Offerings) YES Bank Services Partner Services Smart FinTechs Collections E-Invoicing Remittances Retailers Exchange Houses
Slide 24: Ecosystem Partners
Ecosystem Partners Digitizing client journeys & creating inorganic client acquisition funnel through Fintech partnerships Partnership roadmap of Digital & Transaction Banking Source Digital Onboard Digital Transact Digital Service Phygital Monitor Digital ▪ Digital Acquisition at ▪ Digital Client On
Slide 25: Transaction Banking
Transaction Banking Leveraging the strength of solutioning, leading to granular CASA, NFB, Fee, NII & FX Revenue Sachetization of Transaction Banking: STRENGTHENING Curated Solutioning by Client Segments FRANCHISE 8.3% growth of Market Leadership – YBL Large Corporate FinTech & 20% YTD NFB* book & 9
Slide 26: Powering Digital India with our Distinctive Capabilities
Powering Digital India with our Distinctive Capabilities Powering over 1/3rd of all AePS in India (#1 by Txn Count) #1 UPI PSP Bank Powering ~235 mn txn daily CAGR 27.8% (Q4FY22-Q2FY25) CAGR 66.8% (Q4FY22-Q2FY25) 120 36.2% 36.2% 35.2% 40.0% 110 35.0% 24.0 53.3% 45.1% 60.0% 29.3% 25.2% 100 30.0% 21.0
Slide 27: Responsible franchise with sustainability at its core
Responsible franchise with sustainability at its core – Highest rated Indian Bank in ESG MSCI CRH S&P Global CDP Ranked highest FTSE4Good Highest rated Indian Index Constituent of ESG Score Included in MSCI ACWI’s ESG amongst 34 large Ranked in the 94th bank for climate Universal Index, ACWI schedul
Slide 28: Integrating ESG considerations across the Bank's business and operations
Integrating ESG considerations across the Bank’s business and operations Environment Social Governance Environmental Management: First Bank 21.8% women participation* in the Bank’s 58% of the Directors on the Bank’s globally with 1,186, ISO 14001:2015 workforce with a target to achieve 25% Board are
Slide 29: Contents
Contents Overview Financial Results- Q2FY25 YES BANK Franchise 24
Slide 30: Results At a Glance – Q2FY25
Results At a Glance – Q2FY25 All figures in INR Crs Arrows indicative of Y-o-Y Trends Total Assets Advances Total Disbursements2 Deposits CD Ratio Advances Mix Retail & SME: Mid Corp: Corporate 418,092 235,117 23,998 v/s. 277,214 84.8% v/s. 59%:16%:25% 14.5%: Y-o-Y 12.4%: Y-o-Y 28,040 Q2FY24 18.3%:
Slide 31: Highlights for Q2FY25 (1)
Highlights for Q2FY25 (1) 1 Balance Sheet Highlights 2 ▪ Sustained momentum in Deposit accretion along with CASA Ratio expansion on both Y-o-Y & Q-o-Q basis • Deposits grew 18.3% Y-o-Y and 4.6% Q-o-Q; CD Ratio at 84.8% v/s. 89.2% in Q2FY24 and 86.6% in Q1FY25 • CASA Ratio at 32.0% up 260 bps Y-o-Y a
Slide 32: Highlights for Q2FY25 (2)
Highlights for Q2FY25 (2) 1 P&L Highlights 2 ▪ Highest ever Quarterly Net Profit since Reconstruction at INR 553 Crs for Q2FY25 up 145.6% YoY & 10.1% Q-o-Q • RoA for Q2FY25 at 0.5% v/s. 0.2% in Q2FY24 & 0.5% in Q1FY25 • Operating Profit at INR 975 Crs up 21.7% Y-o-Y and 10.2% Q-o-Q ▪ NII up 14.3% Y-
Slide 33: Profit and Loss Statement
Profit and Loss Statement All figures in INR Crs • Net Profit for Q2FY25 at INR 553 Crs up Quarter Ended Growth 145.6% Y-o-Y & 10.1% Q-o-Q. Profit and Loss Statement Q2FY25 Q1FY25 Q2FY24 Q-o-Q Y-o-Y • Q2FY25 NII at INR 2,200 Crs up 14.3% Y-o-Y, Net Interest Income 2,200 2,244 1,925 -1.9% 14.3% down
Slide 34: Break Up of Non-Interest Income
Break Up of Non-Interest Income All figures in INR Crs • Non-Interest Income for Q2FY25 at INR 1 Quarter Ended Growth Break up of Non Interest Income 1,407 Crs, up 16.3% Y-o-Y and 17.3% Q-o-Q Q2FY25 Q1FY25 Q2FY24 Q-o-Q Y-o-Y • Normalised for realised/ unrealised gain on Non Interest Income 1,407 1,1
Slide 35: Break up of Operating Expenses
Break up of Operating Expenses All figures in INR Crs • Operating Costs at INR 2,632 Crs up 12.8% Quarter Ended Growth Y-o-Y and 2.9% Q-o-Q. Break up of Operating Expenses Q2FY25 Q1FY25 Q2FY24 Q-o-Q Y-o-Y • Ex- PSLC costs, Opex grew 11.3% Y-o-Y and only 2.4% Q-o-Q Staff 1,008 980 892 2.8% 13.0% Busi
Slide 36: Provisions and P&L
Provisions and P&L All figures in INR Crs • Provision cost for Q2FY25 down 26.7% Y-o-Y Quarter Ended Growth Break up of Provisions • Non-Tax provisions down 40.6% Y-o-Y Q2FY25 Q1FY25 Q2FY24 Q-o-Q Y-o-Y • Gross Slippages for Q2FY25 at INR 1,314 Crs Operating Profit/(Loss) 975 885 801 10.2% 21.7% (2.2
Slide 37: Balance Sheet
Balance Sheet All figures in INR Crs • Balance Sheet grew 14.5% Y-o-Y Balance Sheet 30-Sep-24 30-Jun-24 30-Sep-23 Q-o-Q % Y-o-Y % • Advances growth at 12.4% Y-o-Y Assets 418,092 407,697 365,223 2.5% 14.5% • Robust growth momentum sustains in Advances 235,117 229,565 209,106 2.4% 12.4% Deposits at 18
Slide 38: Break up of Advances & Deposits
Break up of Advances & Deposits All figures in INR Crs • SME Advances up 25.8% Y-o-Y; Mid Segmental Break up of Advances 30-Sep-24 30-Jun-24 30-Sep-23 Q-o-Q % Y-o-Y % Corporate Advances up 25.5% Y-o-Y Retail 100,424 101,781 100,441 -1.3% 0.0% • Corporate Advances up 23.8% Y-o-Y and SME 38,982 37,147
Slide 39: Break up of Investments
Break up of Investments All figures in INR Crs • Total Net Investments at INR 85,599 Crs Investments Breakup • SLR – INR 74,614 Crs • Non SLR – INR 10,985 Crs • Standard Performing- INR 8,295 Crs: HTM 1.2% 99.9% Rated AA and above • Security Receipts- INR 843 Crs AFS 5.4% • Others1- INR 1,847 Crs SL
Slide 40: NPA Highlights
NPA Highlights All figures in INR Crs • GNPA Ratio at 1.6% in Q2FY25 down ~10 Asset Quality Parameters 30-Sep-24 30-Jun-24 30-Sep-23 bps Q-o-Q and 40 bps Y-o-Y Gross NPA (%) 1.6% 1.7% 2.0% Net NPA (%) 0.5% 0.5% 0.9% • NNPA Ratio at 0.5% v/s. 0.9% in Q2FY24 Provision Coverage Ratio excl. Technical W/
Slide 41: Summary of Labelled & Overdue Exposures
Summary of Labelled & Overdue Exposures All figures in INR Crs • Slippage of INR 11 Crs in Q2FY25 from 30-Sep-24 30-Jun-24 30-Sep-23 Particulars Standard Restructured Advances pool of Gross Provisions Gross Provisions Gross Provisions Q1FY25 NPA 3,889 2,721 3,845 2,599 4,319 2,434 Other Non Performi
Slide 42: CET 1 Ratio at 13.2%
CET 1 Ratio at 13.2%1 1 Bank’s Capital Adequacy Ratio 1 16.5% 17.3% 16.1% RWA to Total Assets at 70.7% vs. 2.9% 3.2% 4.2% 70.6% in Q2FY24 and 70.3% in CRAR TIER II Q1FY25 13.2% 13.3% 13.1% CET 1 30-Sep-24 30-Jun-24 30-Sep-23 2 CET I Q-o-Q Movement in Q2FY25 1 1 1 Includes Profits 37
Slide 43: Contents
Contents Overview Financial Results- Q2FY25 YES BANK Franchise 38
Slide 44: Retail Bank: Full spectrum retail bank growing with strong momentum
Retail Bank: Full spectrum retail bank growing with strong momentum All figures in INR Crs Growth calibration in Retail Advances 1 Pan-India presence via 1,237 branches, 221 BC 72% of branches in 105,103 100,441 103,086 101,781 100,424 banking outlets Top 200 deposit and 1,325 ATMs, centers Q2FY24 Q
Slide 45: Branch Banking: Expanding Footprint, Enhanced Digital Cross Sell
Branch Banking: Expanding Footprint, Enhanced Digital Cross Sell & Growth in Granular Deposits All figures in INR Crs 1 Branch Network 2 Digital Journeys for seamless Customer Acquisition, Servicing & Cross sell Branches BCBO Assisted Digital • ~96% Individual SA, ~95% Eligible CA accounts opened di
Slide 46: Retail Assets: Focus on Profitability enhancement
Retail Assets: Focus on Profitability enhancement All figures in INR Crs 1 Retail Banking asset disbursements1: Calibration in Product & Sourcing mix 2 Diversified retail book2 11,149 Secured Business Loans 9,769 Personal Loans 3% 9,517 Home Loans 5% 16% 8,047 Commercial Vehicle Loans 7,440 6% Auto
Slide 47: Rural Assets
Rural Assets Deepening the penetration in emerging rural markets & generating Agri PSL All figures in INR Crs 1 Business originations 1 2 Robust Farmer financing and Women Microfinance book 1,182 ▪ High quality farmer financing book with NPA of 1.7% 1,126 938 963 984 748 ▪ Covid impacted women micro
Slide 48: SME Banking: Strong Book Growth while boosting bottom line
SME Banking: Strong Book Growth while boosting bottom line All figures in INR Crs 1 Steady growth in funded book 2 Funded and Non-Funded Book composition YoY growth: 25.8% QoQ Growth: 5.0% 20% Working Capital & Term Loan 38,982 1% Channel Finance 37,147 35,327 33,142 11% Commodity Finance 30,979 68%
Slide 49: Credit Cards: Strong business growth and enhanced customer experience
Credit Cards: Strong business growth and enhanced customer experience 1 Sustained Strong Growth in Cards, Book Size & Card Spends 2 Growth in Acquisition and Cross sell No of Cards In (‘000s) • Steady growth in new card acquisition leading to 40% YoY growth in customer base Book Size in Cr 2,321 to
Slide 50: Wholesale Banking
Wholesale Banking Covering diverse Client Segments with deep Product Expertise Indian Scheduled Commercial & Cooperative Banks, International Banks, Global DFIs and DFIs, NBFCs, MFIs, Insurance, Mutual Funds, Stock Cross border Money Transfer Operators Indian Brokers & Payment Operators Internationa
Slide 51: Wholesale Banking Business (1)
Wholesale Banking Business (1) All figures in INR Crs 1 Corporate Book 3 Providing tailored solutions to clients across business segments Funded O/S Non-Funded O/S • Team of 183 Relationship Bankers in 10 cities Large • 72,168 Focus on providing wide suite of banking products to develop and maintain
Slide 52: Wholesale Banking Business (2)
Wholesale Banking Business (2) Building sustainable Liability Book All figures in INR Crs Wholesale Deposits +13.5% Y-o-Y 124,849 123,500 122,620 108,808 109,010 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 47
Slide 53: Large Corporates
Large Corporates Focus Sectors Pan India Presence Products • Presence in 10 major locations • Working capital Finance, Project Finance, • Chemicals • Metals & Mining Supply Chain Finance, FX and Derivatives • Infra - Road & Port • Logistics & Warehousing • Delhi • Bengaluru • Electronics & Electrica
Slide 54: Mid Corporates
Mid Corporates Knowledge Sectors – Media & Growth led by NTB and X-sell - Entertainment, Gems & Jewellery, ECOM Team higher wallet share and Food & Agri, Pharma, Chemicals, Unicorn and Soonicorn Focus productivity Auto ancillary, Logistics, Metals Initiatives to maintain Bank’s Leadership Position i
Slide 55: Indian Financial Institutions
Indian Financial Institutions Co-operative Banks & RRBs Banks & DFIs • Relationship driven, Liability rich product offerings • Strong relationships with Domestic Banks & FIs • Dominant position in Digital offerings for Co-operative Banks • Resource raising in the form of Borrowings & Refinance NBFCs
Slide 56: International Banking
International Banking Accessing International Market Banking with the Providing access to international markets for availing world financing, trade services and remittance solutions • Resource raising – Trade loans, Bilateral / Syndication loans, MTN borrowings • INR borrowings / FD placements Partn
Slide 57: Government Banking
Government Banking Partnering Government for settlement & disbursement Competitive First mover in Key Growth Sectors - Smart Cities, Defense advantage OFB, Ports • Central Ministries • State Governments - Government Fund Flow Management • Local Governments – Urban Local Bodies, Districts & Panchayat
Slide 58: Multinational Corporates
Multinational Corporates Focused Banking for every stage of Multinational Growth Extending YES Bank digital Stack to enable seamless Digital stack banking • Preferred Local Country Bank • Supply chain financing Marquee • Salary Account, Credit Cards, digital transactions Pan-India coverage Core Cove
Slide 59: Project Finance Business & Loan Syndication
Project Finance Business & Loan Syndication Sectoral expertise built over the years across sectors viz. Energy, Ports & Logistics, Transport, Real Estate and demonstrated Distribution capabilities across Banks, NBFCs, FIs Sectoral Knowledge Sector-focused Business Development & Risk Identification B
Slide 60: IFSC Banking Unit - GIFT City
IFSC Banking Unit - GIFT City GIFT, Gandhinagar, Gujarat is the only International Financial Services Centre in India. One of the key strategic focus areas for the Government and recognized as the gateway for financial and investment activities helping onshoring the offshore funds YBL was the First
Slide 61: Knowledge Banking
Knowledge Banking Leveraging knowledge as a competitive differentiator to grow Banking Business Business Economics Banking (BEB), Food & Agri Strategic Advisory & Research (FASAR), Corporate & Government Advisory (CGA) • A team of specialists with deep sectoral knowledge and expertise in Economy, Fo
Slide 62: Financial Markets – Customised solutions for clients
Financial Markets – Customised solutions for clients >15 yrs Remittances 39% YesFX Currency Dedicated experienced product sales managers Exotics Notes 5-15 yrs Imports providing structured hedging solutions Full Yes FxOnline 47% FX Sales Product Suite Pan India Presence through sales centres FX and
Slide 63: Strategically leverage Public Digital Infrastructure
Strategically leverage Public Digital Infrastructure Contributing to building new-age India through collaboration on Key Digital Initiatives Digital Initiatives Principle Objectives YES Differentiators Consent Layer for Data sharing system making Curated & Expansive offerings Account Aggregator (AA)
Slide 64: Robust Governance Structure – Board Members
Robust Governance Structure – Board Members Eminent and Experienced Board Rama Subramaniam Gandhi Atul Malik Sharad Sharma Sadashiv Srinivas Rao Sanjay Kumar Khemani Non-Executive, Part time Chairman, Independent Director Independent Director Independent Director Independent Director Independent Dir
Slide 65: Professional and Seasoned Management team
Professional and Seasoned Management team Prashant Kumar Managing Director & CEO, YES Bank Manish Jain Niranjan Banodkar Rajan Pental Country Head- Wholesale Banking Chief Financial Officer Executive Director Archana Shiroor Sumit Bali Sachin Raut Gaurav Goel Chief Human Resources Officer Country He
Slide 66: Strong people focus: Stable leadership with focus on up-skilling talent
Strong people focus: Stable leadership with focus on up-skilling talent, objective performance management & enabling employee flexibility • Employees in Grades G1 to G3 have an average vintage of ~9 years combined with acquisition of top talent from the industry. Leadership • Executive Presence and
Slide 67: Strong Investor base
Strong Investor base Well diversified Investor base: Shareholding Pattern as on September 30, 2024 Category % STATE BANK OF INDIA Banks 33.7% 24.0% VERVENTA HOLDINGS FDI 16.0% CA BASQUE INVESTMENTS 48.6% 1 Resident Individuals 30.0% LIFE INSURANCE CORPORATION OF INDIA HDFC BANK FPI’s 11.0% 9.2% ICIC
Slide 68: Credit Rating
Credit Rating ICRA Downgrades CARE Upgrades: Basel II Upper Tier II to D from BB BASEL III Tier II to BBB from C INDIA Ratings CARE Downgrades INDIA Ratings Upgrades BASEL II Upper Tier II to BB+ from D CARE Upgrades Ratings across all Outlook-keeps Basel II Upper Tier II to D from C BASEL III Tier
Slide 69: Thank You
Thank You Disclaimer: 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 information or opinions contained herein. The information contained in this presentation is only current as of its date.