Bank Of India · NSE:BANKINDIA
Bank Of India — Investor Presentation (May 2024)
44 slides from Bank Of India's investor presentation, May 10, 2024
Slide 1: RAJESH VENKATA RAJ
RAJESH VENKATA RAJ UPADHYA Digitally signed by: RAJESH VENKATARAJ UPADHYA DN: CN = RAJESH VENKATARAJ UPADHYA C = IN O = AADPU0825G OU = DGM AND COMPANY SECRETARY Date: 2024.05.10 17:32:57 +06'30'
Slide 2: FY 2023-24
FY 2023-24 118 Visit: www.bankofindia.co.in Follow us on 1
Slide 3: Contents
Key Highlights 3 Business Performance 4 - 15 Financial Performance 16 - 19 Asset Quality 20 - 26 Capital & Share Holding 27 - 28 Digital Banking, ESG, Awards, etc. 29 - 43 © 2024 Bank of India. All rights reserved 2
Slide 4: Key Highlights
Key Highlights Global Business Global Deposits Global Advances Retail Advances Agriculture MSME Advances Advances 11.65% 10.21% 13.52 % 18.12 % 16.69 % 10.96 % CASA Yield on Advances Gross NPA % Net NPA % CRAR Net Profit 7.03% 101 233 bps 44 bps 68 bps 57 % bps © 2024 Bank of India. All rights reser
Slide 5: Business Performance
Business Performance (Amt in Rs. Cr) 13,23,515 12,72,887 11,85,438 7,07,827 7,37,920 6,69,586 5,65,060 5,85,595 5,15,852 31.03.23 31.12.23 31.03.24 Global Deposits Global Advances Global Business Mix © 2024 Bank of India. All rights reserved 4
Slide 6: Domestic & Overseas Deposits and Advances
& Business Performance (Amt in Rs. Cr) Domestic & Overseas Deposits Domestic & Overseas Advances 7,37,920 6,69,586 7,07,827 5,85,595 1,08,203 5,65,060 1,08,690 5,15,852 1,02,523 90,047 93,203 84,215 5,99,137 6,29,717 5,67,063 4,75,012 4,92,392 4,31,637 31.03.23 31.12.23 31.03.24 31.03.23 31.12.23 31
Slide 7: Types of Deposits
Business Performance 10% (Amt in Rs. Cr) 31.03.23 46% Types of Deposits 31.03.23 31.12.23 31.03.24 44% CASA (Amount) 2,52,149 2,61,335 2,69,872 12% CASA (%) 44.73 43.88 43.21 31.12.23 44% Total Term Deposits 3,14,914 3,37,802 3,59,845 44% Retail Term Deposits (%) 45.66 44.62 44.25 Bulk Deposits (%)
Slide 8: Advances by segment
Business Performance (Amt in Rs. Cr) Particulars 31.03.23 31.12.23 31.03.24 Growth YoY% Agriculture 72,379 80,351 84,460 16.69 MSME 70,777 76,600 78,533 10.96 Retail 94,381 1,05,113 1,11,484 18.12 RAM 2,37,537 2,62,064 2,74,477 15.55 Corporate & Others 1,94,100 2,12,948 2,17,915 12.27 Gross Domestic
Slide 9: Retail loans
Business Performance 12% (Amt in Rs. Cr) 7% 31.03.23 9% Growth 55% Particulars 31.03.23 31.12.23 31.03.24 3% YoY (%) 14% Home loans 51,737 56,088 59,107 14.25 Vehicle loans 13,534 15,591 16,641 22.96 12% 8% Education loans 2,943 3,298 3,424 16.34 31.12.23 8% 3% 54% Mortgage loans 8,197 8,854 9,139 1
Slide 10: Priority sector lending
Business Performance (Amt in Rs. Cr) Regulatory Particulars 31.03.23 31.12.23 31.03.24 Target ANBC 3,83,380 4,07,346 4,16,035 Priority Sector 1,64,445 1,77,877 1,83,378 % To ANBC 40.00 42.89 43.67 44.08 Agriculture 72,379 80,351 84,460 % To ANBC 18.00 18.88 19.73 20.30 Small & Marginal 43,253 51,652
Slide 11: Sectoral exposure
Business Performance (Amt in Rs. Cr) Particulars 31.03.23 31.12.23 31.03.24 Infrastructure 65,181 63,142 58,860 Basic Metal & Metal products 14,523 16,890 16,561 Textiles 7,264 6,647 6,542 Gems & Jewellery 3,975 3,162 3,217 Chemicals & Chemical products 6,233 7,783 8,088 Vehicles & Transport equipme
Slide 12: NBFC Portfolio and Ratings
Business Performance (Amt in Rs. Cr) NBFC Portfolio NBFC - Rating Distribution 6% 6% 2% Ratings 31.03.23 31.12.23 31.03.24 3% 2% 7% 14% 17% AAA 53,969 57,105 56,843 18% AA 9,549 13,258 14,256 A 1,932 1,467 5,640 BBB & Below 4,278 4,545 1,643 77% 75% 73% Total 69,728 76,375 78,382 Total Global NBFC a
Slide 13: Power and infrastructure exposure
Business Performance (Amt in Rs. Cr) Particulars 31.03.23 31.12.23 31.03.24 Power 42,145 39,583 35,124 a) SEBs 18,945 16,084 14,780 - Generation 8,503 7,026 6,388 - Transmission 1,980 2,593 2,463 - Distribution 8,462 6,465 5,929 b) PSUs & Pvt Power 23,200 23,499 20,344 Cos Roads and Ports 16,150 16,
Slide 14: Advances by benchmark rates
Business Performance (Amt in Rs. Cr) Base Rate, 1% MCLR, 33% Others, 14% Standard Benchmark Advances as on Share (%) Rates 31.03.24 2,232 Base Rate 0.48 Fixed Rate, 6% 1,53,296 MCLR 32.99 2,12,302 EBLR 45.69 30,779 Fixed Rate* 6.62 EBLR, 46% 66,045 Others # 14.22 Grand Total 4,64,654 100.00 * Fixed
Slide 15: Domestic Corporate Advances Above Rs. 50 Cr
Business Performance 6.05% 5.10% 2.56% 2.57% 3.67% 3.63% 87.75% 88.69% 31.12.23 31.03.24 A & above BBB Below BBB Unrated Domestic Corporate Advances – Above Rs. 50 Cr As on 31.03.24, Investment grade accounts form 93% of our Standard Corporate advances portfolio © 2024 Bank of India. All rights rese
Slide 16: Investment portfolio
Business Performance (Amt in Rs. Cr) As on 31.03.23 As on 31.03.24 Particulars AFS HTM HFT Total AFS HTM HFT Total SLR Investments 30,943 1,24,113 -30 1,55,026 36,057 1,37,971 1,274 1,75,302 of which 30,943 1,24,113 -30 1,55,026 36,057 1,37,971 1,274 1,75,302 Govt Securities Non SLR 13,726 30,767 52
Slide 17: Financial Performance: Interest income and NII
Financial Performance (Amt in Rs. Cr) QE QE Y-o-Y 12M 12M Y-o-Y Particulars Mar 23 Mar 24 (%) Mar 23 Mar 24 (%) Interest Income 13,449 16,162 20 47,648 60,710 27 a. Advances 9,440 11,626 23 33,368 42,881 29 b. Investments 3,296 3,661 11 11,943 14,123 18 c. Money Market 713 875 23 2,337 3,706 59 Oper
Slide 18: Financial Performance: Non-interest income
Financial Performance (Amt in Rs. Cr) QE QE Y-o-Y 12M 12M Y-o-Y Particulars Mar 23 Mar 24 (%) Mar 23 Mar 24 (%) Commission, Exchange 366 462 26 1,368 1,750 28 & Brokerage Profit from Sale and 1,717 380 -78 1,836 628 -66 Revaluation of Investments Profit from 153 110 -28 1,004 513 -49 Exchange Transa
Slide 19: Financial Performance: Profit
Financial Performance (Amt in Rs. Cr) QE QE Y-o-Y 12M 12M Y-o-Y Particulars Mar 23 Mar 24 (%) Mar 23 Mar 24 (%) Operating Profit 4,184 3,557 -15 13,393 14,069 5 Provisions for Bad & Doubtful 546 2,043 274 3,602 4,109 14 Standard Assets and others 374 -139 -137 2,354 -162 -107 Dep. on Non-Performing
Slide 20: Key ratios
Financial Performance Particulars QE Mar 23 QE Mar 24 FY23 FY24 Yield on Advances (%) 7.95 8.47 7.37 8.38 Yield on Investments (%) 6.82 6.81 6.51 6.75 Yield on Funds (%) 6.70 7.24 6.15 7.03 Cost of Deposits (%) 3.91 4.71 3.67 4.51 Cost of Funds (%) 3.95 4.58 3.53 4.36 Net Interest Margin (NIM) (%) 3
Slide 21: Asset Quality: Gross NPA
Asset Quality (Amt in Rs. Cr) As on 31.03.23 As on 31.12.23 As on 31.03.24 Sectoral Outstanding Share (%) Outstanding Share (%) Outstanding Share (%) Standard Advances 4,78,167 92.69 5,34,822 94.65 5,56,412 95.02 Gross NPA 37,685 7.31 30,237 5.35 29,183 4.98 - Sub-Standard 4,984 0.97 5,616 0.99 4,63
Slide 22: SMA Position
& Asset Quality (Amt in Rs. Cr) SMA Position of Rs. 5.00 crores & above 31.03.23 31.12.23 31.03.24 SMA Category Amount % to Std Adv Amount % to Std Adv Amount % to Std Adv SMA-0 14,991 3.14 7,092 1.33 5,917 1.06 SMA-1 1,199 0.25 852 0.16 502 0.09 SMA-2 778 0.16 978 0.18 712 0.13 Grand Total 16,968 3
Slide 23: Restructured accounts
Asset Quality (Amt in Rs. Cr) Outstanding as on 31.03.24 % of Gross Category Total Provision Advances Resolution Resolution One Time Framework 1.0 Framework 2.0 Restructuring Retail 339 3,755 - 4,094 409 MSME 345 1,446 531 2,322 206 1.35% Corporate 284 - 1,188 1,472 88 & Others Total 968 5,201 1,719
Slide 24: NPA movement
Asset Quality (Amt in Rs. Cr) Segment QE Mar23 QE Mar24 FY23 FY 24 Opening Balance (Gross NPA) 38,885 30,237 45,605 37,686 Add: - Fresh Slippage 2,541 1,980 6,861 7,092 - Debits in existing NPA accounts 84 58 1108 459 Total Addition 2,625 2,038 7,969 7,551 Less: - Cash Recovery 1,824 1,437 6,029 5,2
Slide 25: Slippages by sector
Asset Quality (Amt in Rs. Cr) QE Mar 23 QE Mar 24 Sector Gross Net % Share Gross Net % Share Retail 650 204 8 596 147 7 Agriculture 1,936 1578 60 1,021 626 31 MSME 1,781 725 28 1,259 794 39 Corporate 255 127 5 466 440 22 Total Domestic 4,622 2,634 100 3,253 2,007 98 Overseas -8 -9 -0 57 32 2 Total G
Slide 26: Gross NPA and Net NPA
Asset Quality (Amt in Rs. Cr) Particulars 31.03.23 31.03.24 Gross NPA 37,685 29,183 Net NPA 8,054 6,845 Gross NPA (%) 7.31 4.98 Net NPA (%) 1.66 1.22 Provision Coverage (%) 89.68 90.59 Slippage Ratio (%)* 1.94 1.58 Credit Cost (%)* 0.79 0.78 * Figures for the full year i.e FY 23 and FY 24 © 2024 Ban
Slide 27: NCLT and RBI list accounts
Asset Quality (Amt in Rs. Cr) Total No of Provision Provision Particulars Book Accounts held (%) Outstanding 2 RBI List -1 1,432 1,432 100 8 RBI List -2 1,834 1,834 100 68 Cases filed and admitted in NCLT by our Bank 5,624 4,780 85 7 Cases under admission in NCLT by our Bank 807 566 70 212 Cases fil
Slide 28: Capital Adequacy and Capital Raised
Capital & Shareholding (Amt in Rs. Cr) Capital Raised Particulars 31.03.23 31.12.23 31.03.24 Capital Raised during FY 24 Capital Adequacy - Basel III Qualified Institutional Placement CET-1 Capital 48,232 52,342 58,660 Tier I Capital 51,084 55,194 61,512 4500 Tier II Capital 6,643 8,700 8,395 Crores
Slide 29: Shareholding and Ratings
Capital & Shareholding Shareholding (%) Shareholding (%) Domestic Long Term Rating Particulars As on 31.03.23 As on 31.03.24 Rating Agency Rating Government of India 81.41 73.38 CRISIL Ltd. AA+ (Stable) Life Insurance Corp 7.05 6.57 ICRA Ltd. AA+ (Stable) Indian Public 4.87 5.41 India Ratings AA+ (S
Slide 30: Digital Banking
– Digital Banking Internet banking Users Transaction counts (in Cr) (in lakhs) 471 89 431 345 310 338 313 88 Digital 85 Total Digital Digital Total Total 31.03.23 31.12.23 31.03.24 31.03.23 31.12.23 31.03.24 UPI Users Mobile banking Users (in lakhs) (in lakhs) 180 188 110 156 101 71 31.03.23 31.12.2
Slide 31: Digital initiatives
BOI Mobile Omni Neo App Digital Infrastructure Upgrade Other Digital Initiatives 300+ features with adaptive biometric State of the art new generation Data Centre Centralised payment processing for integrated authentication for enhanced safety. payment services Intra-bank networks upgraded to more r
Slide 32: Digitally Offered Retail Loans
Digital Banking No of Accounts Digitally Offered QE Jun 23 QE Mar 24 FY Mar 24 Retail Loans Personal Loan 791 2792 8346 Pensioner Loan 37 177 640 Vehicle Loan 648 2253 8537 Agriculture Loan Products Gold Loan 48,814 2,32,812 5,84,586 Kisan Credit Card 531 31,952 61,564 SHG Loans 266 572 3762 MSME Lo
Slide 33: Overseas operations
Other Parameters (Amt in Rs. Cr) No of foreign Categories offices Parameters FY 2023 FY 2024 as on 31.03.24 Deposits 1,02,523 1,08,203 Overseas Branches 21 (21) Advances 84,215 93,203 Overseas 23 Business Mix Subsidiaries (4) 1,86,738 2,01,406 Overseas Joint Total Income 1 4,047 7,488 Ventures (1) R
Slide 34: Subsidiaries and Joint Ventures abroad
Other Parameters As on 31.03.24 (Amt in Rs. Cr) Subsidiary / Business Interest Operating Net Capital Deposits Advances Joint Venture Mix Income Profit Profit Bank of India (New Zealand) Ltd. 322 443 761 1,204 54 21 14 Bank of India (Tanzania) Ltd. 70 491 372 863 54 19 12 Bank of India (Uganda) Ltd.
Slide 35: Domestic subsidiaries, associates and JV
Other Parameters As on 31.03.2024 Book value Percentage S No Name of the Company Nature of Business (in INR Crores) Holding Subsidiaries - Domestic 1 BOI Merchant Bankers Ltd. Merchant Banking Company 10.00 100.00 Depository Participants activities 2 BOI Shareholding Ltd. 6.65 100.00 for NSDL & CDSL
Slide 36: Regional Rural Banks
Other Parameters As on 31.03.24 (Amt in Rs. Cr) Name of Area of Business S No Profit the RRB operation Mix 1 Uttar Pradesh 59,621 21 2 Madhya Pradesh 32,864 301 3 Maharashtra 10,166 30 © 2024 Bank of India. All rights reserved 35
Slide 37: Branch Network
& Other Parameters Branch Network 31.03.24 Domestic Branches 5,148 - Metro 990 - Urban 830 - Semi Urban 1,464 - Rural 1,862 - Digital Banking Units 2 Overseas Branches 22 Total No. of Branches 5,170 No of ATMs & CRA 8,230 No of BCs 20,703 Total No of Customer Touch points 34,103 © 2024 Bank of India
Slide 38: Financial inclusion schemes
Other Parameters (No in Lakhs) PMJDY PMJJBY 282 105 272 94 31.03.23 31.03.24 31.03.23 31.03.24 Cumulative Accounts Cumulative Enrollments PMSBY APY 252 33.85 26.28 172 31.03.23 31.03.24 31.03.23 31.03.24 Cumulative Enrollments Cumulative Enrollments © 2024 Bank of India. All rights reserved 37
Slide 39: Centralized Units and Human Resources
Other Parameters No. of Centralized Units and Staff Human Resource and business ratios Central Processing Unit No. of Units No. of Parameter Amount / No. Officers As on 31.03.24 Posted Zonal Centralised 63 271 Total No. of Employee 50,944 Operations Dept. SME City Centre & 118 932 Female Employees 1
Slide 40: ESG Practices
(ESG) Practices nvironmental ocial overnance Green Finance Rural Development Governance & Ethics • Bank has underwritten substantially in the Bio Gas, Solar & wind • The bank is sponsoring 42 RSETI centers for skill development. • Well defined corporate governance policies. energy generation & distr
Slide 41: ESG Corner and initiatives
Bank has created Bank plans to use its internal Bank is in the process of Bank aspires to publish Bank aspires to increase its ESG Corner on its website, strength, domestic reach and strengthening assessment of sustainability report of the Bank in engagement with its customers on which is being used
Slide 42: Awards
Bank had received the prestigious “SKOCH Bank of India has received Gold award in AWARD 2023” for overall performance in 97th SKOCH summit & awards, held on MSME. 29th March 2024 under Digital Transformation category. This award is conferred for its Universal Application Our bank has received Nation
Slide 43: Disclaimer
"This presentation has been prepared by Bank of India (the “Bank”), solely for general information purposes, not with regard to any specific objectives, financial situations or informational needs of any particular person. Except for the historical information contained herein, statements in this pr
Slide 44: Thank you to stakeholders
We express our heartfelt gratitude to all our stakeholders for their support & trust and solicit their continued patronage to make our beloved Bank grow exponentially in the coming years. Visit: www.bankofindia.co.in Follow us on 43