Idfc First Bank Ltd. · NSE:IDFCFIRSTB
Idfc First Bank — Q1 FY21 Earnings Presentation
75 slides from Idfc First Bank's earnings presentation, 2020
Slide 1: Corporate Presentation – Q1 FY21
Corporate Presentation – Q1 FY21
Slide 2: 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 3: Results at a glance: Strong Strides across all the Strategic Priorities
Results at a glance: IDFC FIRST Bank: Strong Strides across all the Strategic Priorities We are happy to report that we are making strong progress on the guidance given at the time of merger. 1. Strong Growth in Retail Assets: • Retail Book increased 26% YoY to Rs. 56,043 crore June 30, 2020 from Rs
Slide 4: Results at a glance: Strong growth in Core Earnings
Results at a glance: IDFC FIRST Bank: Strong Strides across all the Strategic Priorities 3. Strong growth in Core Earnings: a. Strong NII Growth: NII grew by 38% YOY from Rs. 1,174 crore in Q1 FY20 and by 4% QOQ from Rs. 1,563 crore to Rs. 1,626 crore in Q1 FY21 b. Strong NIM improvement: NIM has im
Slide 5: Results Update: Asset Quality of the Bank remains high
Results Update: IDFC FIRST Bank: Strong Strides across all the Strategic Priorities 4. Asset Quality of the Bank remains high • Bank’s Gross NPA reduced sequentially from 2.60% as of March 31, 2020 to 1.99% as of June 30, 2020. • Bank Net NPA reduced sequentially from 0.94% as of March 31, 2020 to 0
Slide 6: Results Update: Capital Adequacy and Franchise
Results Update: IDFC FIRST Bank: Strong Strides across all the Strategic Priorities 5. Strong Capital Adequacy: • Capital Adequacy Ratio is strong at 15.03% with CET-1 Ratio at 14.58% as of June 30, 2020. • The Bank has raised Rs. 2,000 crore of fresh equity capital during Q1 FY 21. 6. Franchise: •
Slide 7: Table of Contents
8 SECTION 1: THE FOUNDING OF IDFC FIRST BANK 13 SECTION 2: VISION & MISSION OF IDFC FIRST BANK Table 16 SECTION 3: PRODUCT OFFERING of 19 SECTION 4: FINANCIAL PERFORMANCES Contents 45 SECTION 5: DIRECTORS & SHAREHOLDERS 50 SECTION 6: STRATEGY GOING FORWARD FOR THE COMBINED ENTITY 55 SECTION 7: CAPIT
Slide 8: Section 1: The Founding of IDFC FIRST Bank
SECTION 1: The Founding of IDFC FIRST Bank • Events Leading to Merger – ✓ Erstwhile IDFC Bank - Origin & History ✓ Erstwhile Capital First - Origin & History ✓ Merger between Erstwhile IDFC Bank and Erstwhile Capital First
Slide 9: IDFC FIRST Bank was founded by the merger of Erstwhile IDFC Bank and Capital First
Section 1: The Founding of IDFC FIRST Bank.. IDFC FIRST Bank was founded by the merger of Erstwhile IDFC Bank and Erstwhile Capital First on December 18, 2018. 9
Slide 10: The Founding of IDFC FIRST Bank: Erstwhile IDFC Bank and Capital First
Section 1: The Founding of IDFC FIRST Bank.. Erstwhile IDFC BANK Erstwhile CAPITAL FIRST LIMITED IDFC Limited was set up in 1997 to finance infrastructure focusing Mr Vaidyanathan who had built ICICI Bank’s Retail Banking business primarily on project finance and mobilization of capital for private
Slide 11: The Founding of IDFC FIRST Bank (continued)
Section 1: The Founding of IDFC FIRST Bank.. Erstwhile IDFC BANK Erstwhile CAPITAL FIRST LIMITED Continued from page 6 Continued from page 6 The bank was launched through this demerger from IDFC Limited in .. Between March 31, 2010 to March 31, 2018, the Company’s Retail November 2015. During the su
Slide 12: The Founding of IDFC FIRST Bank: merger terms
Section 1: The Founding of IDFC FIRST Bank.. In January 2018, Erstwhile IDFC Bank and Erstwhile Capital First announced a merger. Shareholders of Erstwhile Capital First were to be issued 13.9 shares of the merged entity for every 1 share of Erstwhile Capital First. Thus, IDFC FIRST Bank was founded
Slide 13: Table of Contents
8 SECTION 1: THE FOUNDING OF IDFC FIRST BANK 13 SECTION 2: VISION & MISSION OF IDFC FIRST BANK 16 SECTION 3: PRODUCT OFFERING 19 SECTION 4: FINANCIAL PERFORMANCES 45 SECTION 5: DIRECTORS & SHAREHOLDERS 50 SECTION 6: STRATEGY GOING FORWARD FOR THE COMBINED ENTITY 55 SECTION 7: CAPITAL FIRST STRATEGY,
Slide 14: Key excerpts from MD & CEO's Letter - Annual Report 2018-19
Section 2: Key excerpts from MD & CEO’s Letter - Annual Report 2018-19 Theme of inaugural Annual Report after merger AR 18-19: “A New Beginning” Our founding philosophy: Strategy for the Bank: “ ” V Vaidyanathan, MD & CEO, IDFC FIRST Bank 14
Slide 15: Key excerpts from MD & CEO's Letter - Annual Report 2019-20
Section 2: Key excerpts from MD & CEO’s Letter - Annual Report 2019-20 Theme of 2nd Annual Report after merger: AR 19-20: “Building a Strong Foundation“ 15
Slide 16: Table of Contents
8 SECTION 1: THE FOUNDING OF IDFC FIRST BANK 13 SECTION 2: VISION & MISSION OF IDFC FIRST BANK 16 SECTION 3: PRODUCT OFFERING 19 SECTION 4: FINANCIAL PERFORMANCES 45 SECTION 5: DIRECTORS & SHAREHOLDERS 50 SECTION 6: STRATEGY GOING FORWARD FOR THE COMBINED ENTITY 55 SECTION 7: CAPITAL FIRST STRATEGY,
Slide 17: Product Offering (Assets) – a bouquet of loan products
Section 3: Product Offering (Assets) – IDFC FIRST Bank offers a bouquet of loan products.. .. across varied customer segments including MSMEs and Consumers in different parts of India Loan Against Property: Business Loans: Consumer Durable Loans: Two Wheeler Loans: Home Loans: Unsecured Loans to the
Slide 18: Product Offerings – Liabilities, Payments and other Services
Section 3: Product Offerings – Liabilities, Payments and other Services IDFC FIRST Bank provides wide range of Deposit facilities along with Wealth Management, Forex Services, Cash Management Services and Insurance services to its customers across different segments. Wealth Management Services, Paym
Slide 19: Table of Contents
8 SECTION 1: THE FOUNDING OF IDFC FIRST BANK 13 SECTION 2: VISION & MISSION OF IDFC FIRST BANK 16 SECTION 3: PRODUCT OFFERING 19 SECTION 4: FINANCIAL PERFORMANCES 45 SECTION 5: DIRECTORS & SHAREHOLDERS 50 SECTION 6: STRATEGY GOING FORWARD FOR THE COMBINED ENTITY 55 SECTION 7: CAPITAL FIRST STRATEGY,
Slide 20: Section 4: Financial Performance of the Bank for Q1 FY21
SECTION 4: FINANCIAL PERFORMANCE OF THE BANK FOR Q1 FY21 • Assets Update • Update on Liabilities • Key Business & Financial Parameters ✓ COVID-19 Impact ✓ Income Statement ✓ Balance Sheet ✓ Capital Adequacy
Slide 21: Retail loans as a % of total loans has improved strongly after merger
Section 4: Retail loans as a % of total loans has improved strongly after merger. The Bank proposes to follow the strategy guided earlier - building strong capabilities on financing consumers, MSMEs, small businesses and other retail loans which is a large opportunity in India. We have strong capabi
Slide 22: Trend of Retail Funded Assets over the quarters
Section 4: Trend of Retail Funded Assets over the quarters. • The retail loan book of erstwhile Capital First sustainably grew at CAGR of 35% over last 5 years and CAGR All amounts are in Rs. crore unless specified of 96% over last 8 years since 2010 to reach Rs. 30,000 crore from Rs. 94 crore in 20
Slide 23: Trend of Wholesale Funded Assets over the quarters
Section 4: Trend of Wholesale Funded Assets over the quarters. • Erstwhile IDFC Bank had a large corporate and infrastructure loan book of Rs. 54,084 crore whereas erstwhile Capital First had a small wholesale loan book of Rs. 3,053 crore as of Sep,2018. • Post merger, the Bank has gradually reduced
Slide 24: Infrastructure Loan Book reduced steadily post the merger
Section 4: As per stated strategy at merger, the Infrastructure Loan Book has been reduced steadily post the merger All amounts are in Rs. crore unless specified 22,710 21,459 20,322 17,211 15,601 14,840 13,416 Dec-18 Mar-19 Jun-19 Sep-19 Dec-19 Mar-20 Jun-20 24
Slide 25: Total Funded Assets Breakup
Section 4: Total Funded Assets Breakup Growth% Growth% In Rs. Crore Jun-19 Sep-19 Dec-19* Mar-20* Jun-20* (YoY) (QoQ) Mortgage Loans 15,620 16,929 19,023 20,314 20,288 30% 0% Consumer Loans 16,212 17,159 19,152 19,971 19,211 18% -4% MSME Loans 7,925 8,491 9,559 10,338 9,775 23% -5% Rural Micro Finan
Slide 26: Sharp improvement in NIM from 2.89% to 4.53% in Q1 FY21
Section 4: Sharp improvement in NIM from 2.89% (merger quarter) to 4.53% in Q1 FY21. • The NIM of the standalone Bank IDFC bank was 1.56% in September 2018, which was the last quarter prior to the merger in December 2018. On merger, the NIM increased to 2.89%. This has fast accelerated to 4.53% in t
Slide 27: Bank maintains strong overall Asset Quality
Section 4: Bank maintains strong overall Asset Quality, Retail Asset quality remains high In Rs. Crore Jun-19 Sep-19 Dec-19 Mar-20 Jun-20 GNPL 2,419 2,306 2,511 2,280 1,742 Provisions for GNPL 1,203 1,294 1,440 1,471 1,305 NNPL 1,216 1,012 1,071 809 437 GNPA (%) 2.66% 2.62% 2.83% 2.60% 1.99% NNPA (%
Slide 28: Gross and Net NPA reduced over the last five quarters
Section 4: Gross and Net NPA of the Bank have reduced over the last five quarters. GNPL NNPL 2.83% 2.66% 2.62% 2.60% 1.99% 1.35% 1.17% 1.23% 0.94% 0.51% Jun-19 Sep-19 Dec-19 Mar-20 Jun-20 28
Slide 29: Asset quality trends over the last 8 years at Capital First
Section 4: Since Retail Loans model imported from Capital First is the key model for loans going foward, we present asset quality trends over the last 8 years at Capital First as below as a demonstration of our trend in asset quality and our capabilities in this space. The incipient retail loan of e
Slide 30: Gross and Net NPA pertaining to Retail Loans
Section 4: Gross and Net NPA pertaining to Retail Loans have broadly remained steady, and showed a reducing trend over the last six quarters on the banking platform. Even post-merger, the asset quality trends have remained stable for the Bank. Prior to COVID-19 and related lockdowns, the Gross and N
Slide 31: Proactively identified stressed accounts
Section 4: Apart from NPA accounts, Bank has proactively identified certain accounts, which are standard on the books but are assessed to be stressed, and taken provisions for the same proactively. O/S Client Description (Rs. Crore) Provision PCR% Comments Exposure Repayments are regular thus far bu
Slide 32: Exposure to identified Stressed Assets has reduced
Section 4: Exposure to identified Stressed Assets mentioned in previous slide, has reduced by Rs. 943 crore during the last 6 quarters, a reduction of 23%. PCR increases to 52%. All amounts are in Rs. crore unless specified O/s Exposure Provision Provision coverage 23% 47% 47% 50% 49% 52% 4,138 3,80
Slide 33: Section 4: Financial Performance of the Bank for Q1 FY21
SECTION 4: FINANCIAL PERFORMANCE OF THE BANK FOR Q1 FY21 • Assets Update • Update on Liabilities • Key Business & Financial Parameters ✓ COVID-19 Impact ✓ Income Statement ✓ Balance Sheet ✓ Capital Adequacy
Slide 34: Rapid progress in retailisation of Liabilities
Section 4: The Bank has made rapid progress in retailisation of Liabilities. Retail liabilities now comprise 64% of customer deposits, up from 25% at merger. The Bank is focused for retailisation of the liabilities which is evident by the growth in its Core Deposits. Such Deposits are sticky and sus
Slide 35: CASA deposits registered strong YoY growth of 145%
Section 4: CASA deposits have registered a strong YOY growth of 145% All figures are in Rs. crore unless specified. In Rs. Crore Growth % 23,491 Y-o-Y Growth 13,898 145% 20,661 Q-o-Q Growth 2,830 14% 16,204 12,473 9,594 7,893 5,274 31 Dec 18 31 Mar 19 30 Jun 19 30 Sep 19 31 Dec 19 31 Mar 20 30 Jun 2
Slide 36: CASA Ratio improved rapidly to 33.7%
Section 4: CASA Ratio has improved rapidly over last 6 quarters since merger to reach 33.7% CASA Ratio is computed in terms of CASA as a percentage of Total deposits (CASA+ Certificate of Deposits+ Term Deposits). Consistent growth in CASA and decreasing dependency on Certificate of Deposits and Who
Slide 37: Strong growth in Retail Deposits
Section 4: The Bank continues to see strong growth in Retail Deposits which has reduced the dependence on wholesale deposits and borrowings and brought more stability. In Rs. Crore Jun-19 Mar-20 Jun-20 YOY % QOQ% Legacy Long Term Bonds 13,865 12,013 10,638 -23% -11% Infra Bonds 10,434 10,434 10,166
Slide 38: Declining Certificate of Deposits
Section 4: Declining Certificate of Deposits as per the stated Strategy to reduce short term institutional borrowings to strengthen the balance sheet. • In March 2019, we started the process to reduce our dependence on Certificate of Deposits and have consciously brought it down every quarter since
Slide 39: Section 4: Financial Performance of the Bank for Q1 FY21
SECTION 4: FINANCIAL PERFORMANCE OF THE BANK FOR Q1 FY21 • Assets Update • Update on Liabilities • Key Business & Financial Parameters ✓ COVID-19 Impact ✓ Income Statement ✓ Balance Sheet ✓ Capital Adequacy
Slide 40: Update on COVID-19 Situation and Moratorium
Section 4: Update on COVID-19 Situation and Moratorium Banking Operations • During Q1-FY20, the nation-wide lockdown due to COVID19 pandemic stayed for the first two months of the last quarter and often continuing in a localized manner. • In the midst of such situation, the Bank continued to service
Slide 41: Update on COVID-19 Situation and Moratorium (continued)
Section 4: Update on COVID-19 Situation and Moratorium .. continued Disbursals • During April 2020, the incremental disbursals on the retail loan book came practically to a halt due to intense lockdown across the country but revived gradually since end of May 2020 as the lockdowns were gradually rel
Slide 42: Income Statement - Quarterly
Section 4: Income Statement - Quarterly Growth (%) Growth (%) In Rs. Crore Q1 FY20 Q4 FY20 Q1 FY21 Q-o-Q Y-o-Y Interest Income 3,793 3,956 3,831 -3% 1% Interest Expense 2,619 2,392 2,205 -8% -16% Net Interest Income 1,174 1,563 1,626 4% 38% Fee & Other Income 321 432 148 -66% -54% Trading Gain (10)
Slide 43: Balance Sheet
Section 4: Balance Sheet Growth (%) Growth (%) In Rs. Crore Jun-19 Mar-20 Jun-20 (Y-o-Y) (Q-o-Q) Shareholders' Funds 17,545 15,343 17,436 -1% 14% Deposits 66,226 65,108 69,832 5% 7% - Retail Deposits 16,672 33,924 39,872 139% 18% - Wholesale Deposits 49,553 31,184 29,959 -40% -4% Borrowings 76,044 5
Slide 44: Capital Adequacy Ratio is 15.03% with CET-1 Ratio at 14.58%
Section 4: Capital Adequacy Ratio is 15.03% with CET-1 Ratio at 14.58% In Rs. Crore Jun-19 Mar-20 Jun-20 Common Equity 16,340 14,690 17,065 Tier 2 Capital Funds 156 90 538 Total Capital Funds 16,496 14,780 17,593 Total RWA 1,17,733 1,10,481 1,17,077 CET 1 Ratio (%) 13.88% 13.30% 14.58% Total CRAR (%
Slide 45: Table of Contents
8 SECTION 1: THE FOUNDING OF IDFC FIRST BANK 13 SECTION 2: VISION & MISSION OF IDFC FIRST BANK 16 SECTION 3: PRODUCT OFFERING 19 SECTION 4: FINANCIAL PERFORMANCES 45 SECTION 5: DIRECTORS & SHAREHOLDERS 50 SECTION 6: STRATEGY GOING FORWARD FOR THE COMBINED ENTITY 55 SECTION 7: CAPITAL FIRST STRATEGY,
Slide 46: Board of Directors
Section 5: Board of Directors Mr. V. Vaidyanathan is the first Managing Director and CEO of IDFC FIRST Bank, a bank founded by the merger of Erstwhile Capital First and Erstwhile IDFC Bank in December 2018. He is a banker turned entrepreneur turned banker by merging the NBFC he founded with an exist
Slide 47: Board of Directors
Section 5: Board of Directors DR. RAJIV B. LALL - PART-TIME NON-EXECUTIVE CHAIRMAN Dr. Rajiv Lall is the Non-Executive Chairman of IDFC Bank. He was the Founder MD & CEO of IDFC Bank from October 1, 2015 till December 18, 2018. Previously, he was the Executive Chairman of IDFC Limited. A veteran eco
Slide 48: Board of Directors
Section 5: Board of Directors DR.(MRS.) BRINDA JAGIRDAR - INDEPENDENT DIRECTOR Dr. (Mrs.) Brinda Jagirdar, is an independent consulting economist with specialization in areas relating to the Indian economy and financial intermediation. She is on the Governing Council of Treasury Elite, a knowledge s
Slide 49: Shareholding Pattern as of June 30, 2020
Section 5: Shareholding Pattern as of June 30, 2020 Scrip Name : IDFC FIRST Bank (BSE: 539437, NSE:IDFCFIRSTB) Key Shareholders % Holding (through their respective various funds and affiliate companies wherever applicable) Other Body President of Corporate, 1.9% Trusts and IDFC Financial Holding Com
Slide 50: Table of Contents
8 SECTION 1: THE FOUNDING OF IDFC FIRST BANK 13 SECTION 2: VISION & MISSION OF IDFC FIRST BANK 16 SECTION 3: PRODUCT OFFERING 19 SECTION 4: FINANCIAL PERFORMANCES 45 SECTION 5: DIRECTORS & SHAREHOLDERS 50 SECTION 6: STRATEGY GOING FORWARD FOR THE COMBINED ENTITY 55 SECTION 7: CAPITAL FIRST STRATEGY,
Slide 51: Section 6: Strategy Going Forward for the Combined Entity
SECTION 6: STRATEGY GOING FORWARD FOR THE COMBINED ENTITY • Key Strategies for the combine entity – ✓ Asset Strategy • Growth of Assets • Diversification of Assets • Gross Yield expansion ✓ Liability Strategy • CASA Growth • Diversification of Liability • Branch Expansion ✓ Profitability • Expand Ne
Slide 52: Asset Strategy as guided at the time of merger
Section 6: Asset Strategy for IDFC FIRST Bank as guided at the time of merger in December 2018. • Growth of Assets: • The Bank plans to grow retail loan assets from Rs. 36,236 crore (December 31, 2018) to over Rs. 100,000 crore in the next 5 years • The Bank plans to wind down loans to infrastructur
Slide 53: Liability Strategy as guided at the time of merger
Section 6: Liability Strategy for IDFC FIRST Bank as guided at the time of merger in December 2018. • CASA Growth: This is a key focus and growth area for the bank. We plan to increase the CASA Ratio from 8.68% as of December 31, 2018 on a continuous basis year on year and strive to reach 30% CASA r
Slide 54: Profitability
Section 6: Profitability • Net Interest Margin: The bank plans to expand the NIM to about 5.0% - 5.5% in the next 5 years based on better cost of funds and carefully selecting the product segments where we have strong proven capabilities over the years. • Asset Quality: Over 90% of the Retail Loan B
Slide 55: Table of Contents
8 SECTION 1: THE FOUNDING OF IDFC FIRST BANK 13 SECTION 2: VISION & MISSION OF IDFC FIRST BANK 16 SECTION 3: PRODUCT OFFERING 19 SECTION 4: FINANCIAL PERFORMANCES 45 SECTION 5: DIRECTORS & SHAREHOLDERS 50 SECTION 6: STRATEGY GOING FORWARD FOR THE COMBINED ENTITY 55 SECTION 7: CAPITAL FIRST STRATEGY,
Slide 56: Section 7: Capital First Strategy, Loan Growth and Profitability Trends
SECTION 7: CAPITAL FIRST STRATEGY, LOAN GROWTH AND PROFITABILITY TRENDS FOR 8 YEARS (BEFORE MERGER WITH IDFC BANK) • History of Capital First Limited • Transformation into Retail Franchise • Business Areas of Focus • Past Financial Performances
Slide 57: Business model of Capital First
Section 7: 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 record of growth and profitability. Since the business model of Capital First is an important par
Slide 58: Successful Trajectory of Growth and Profits at Capital First: History
Section 7: Successful Trajectory of Growth and Profits at Capital First History of Capital First Limited The Company was first listed on Stock Exchanges in January 2008. Between 2010 to 2012, Mr Vaidyanathan acquired a stake in the company and executed a Management Buyout (MBO) of the Company with e
Slide 59: Successful Trajectory of Growth and Profits at Capital First
Section 7: 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 here to demonstrate the capability of the core loan book and the track record of growth an
Slide 60: Capital First: Retail franchise growth
Section 7: 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 here to demonstrate the capability of the core loan book and the track record of growth an
Slide 61: Capital First: Retail loan book growth
Section 7: 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 here to demonstrate the capability of the core loan book and the track record of growth and
Slide 62: Capital First: Lines of business
Section 7: 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 here to demonstrate the capability of the core loan book and the track record of growth and
Slide 63: Capital First: MSME Financing speciality
Section 7: 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 here to demonstrate the capability of the core loan book and the track record of growth and
Slide 64: Capital First Credit Framework
Section 7: 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 here to demonstrate the capability of the core loan book and the track record of growth and
Slide 65: Rigorous Credit Underwriting Process
Section 7: 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 here to demonstrate the capability of the core loan book and the track record of growth and
Slide 66: Stable Asset Quality at Capital First
Section 7: 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 here to demonstrate the capability of the core loan book and the track record of growth and
Slide 67: Capital First Assets Under Management
Section 7: 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 here to demonstrate the capability of the core loan book and the track record of growth and
Slide 68: Capital First Yearly Return on Equity
Section 7: 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 here to demonstrate the capability of the core loan book and the track record of growth and
Slide 69: Capital First Profit After Tax
Section 7: 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 here to demonstrate the capability of the core loan book and the track record of growth and
Slide 70: Capital First Earning per Share
Section 7: 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 here to demonstrate the capability of the core loan book and the track record of growth and
Slide 71: Capital First Cost to Income ratio
Section 7: 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 here to demonstrate the capability of the core loan book and the track record of growth and
Slide 72: Capital First Market Capitalization
Section 7: 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 here to demonstrate the capability of the core loan book and the track record of growth and
Slide 73: Capital First Dividend pay-out
Section 7: 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 here to demonstrate the capability of the core loan book and the track record of growth and
Slide 74: Summary – Strategy for IDFC FIRST Bank
Section 7: Summary – Strategy for IDFC FIRST Bank In summary, under our stated strategy for the combined entity, IDFC FIRST Bank, the same successful model of Capital First lending business is now being built on a Bank platform from IDFC Bank, thus the business becomes more profitable, robust and su
Slide 75: Thank You
THANK YOU IDFC FIRST Bank