Karur Vysya Bank Ltd. · NSE:KARURVYSYA
Karur Vysya Bank — Q3 FY2019-20 Earnings Presentation
64 slides from Karur Vysya Bank's earnings presentation, Feb 1, 2020
Slide 1: Exchange intimation letter on investor presentation
Smart xoa) to bank IRC: F48: 1 1:133:2020 01.02.2020 The Manager, National Stock Exchange of India Ltd., Exchange Plaza, 5th Floor, Plot No.'C/ 1, 'G' Block, Bandra -- Kurla Complex, Bandra (Eastl Mumbai 400 051 Dear Sir, Sub Regulation 30 of DEBI (Listing Obligations and Disclosure Requirements). R
Slide 2: Investor Presentation Q3 – FY 2019-20
INVESTOR PRESENTATION Q3 – FY 2019-20
Slide 3: Disclaimer
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 anyon
Slide 4: The Bank of choice - trusted by all
The Bank of choice - trusted by all Over Over Over 7 million 450000 700000 individuals businesses agri customers 3
Slide 5: KVB – a unique franchise!
KVB – a unique franchise! Bank of Choice, trusted by : Over 7 million individuals Over 450000 businesses 1 Over 700000 customers involved in agriculture 6 1 12 6 1 Unmatched presence in India’s fast growing hinterland 6 1 Category No. of Branches 4 1 15 14 Metro 200 1 5 Urban 155 25 59 Semi Ur
Slide 6: Blending Tradition with Modernity
Blending Tradition with Modernity • Business model transformation progressing well • Continuing focussed execution of strategy – Granularisation of portfolio progressing well : ~75% of Portfolio Granular (as Corporate Exposures shrink) - up from 69% in March ‘19 – Lower Risk Categories Growing Fast
Slide 7: Blending Tradition with Modernity
Blending Tradition with Modernity • New initiatives scaling well – KVB Neo booking run rate @ ~Rs. 100 crore per month – Retail and Commercial digitally underwritten loans continue to scale up – Transition to Centralised Operations progressing well – 97% of Branches transitioned to Digital Gold Loan
Slide 8: Our journey
Historical Ways of Working Transformed business model Branch—the sole distribution platform Branch—one of the distribution platforms Operationally intensive—branch Responsible for liabilities (all types) and handling most operational tasks of retail/small commercial loans the bank Decentralise
Slide 9: KVB Distribution Evolution
KVB DISTRIBUTION EVOLUTION Pre - 2016 2016 - 2018 Now Branch Branch Acquires & Manages Liability Business, Retail & Small Commercial Business (i.e .< 200 lakh) Branch All retail & SME customers Business Banking Unit Manages all medium tier SME acquired & managed by accounts Branches Corporate Busine
Slide 10: KVB NEO - a Bank within a Bank
KVB NEO - “a Bank within a Bank” KVB is evolving from a ‘Branch’ based business to one that engages the market through alternate distribution mechanisms, viz.: aggregation through third parties, outbound sales force, Fintech partnerships , co-origination etc. KVB Neo - a ‘Bank within a Bank’ - enabl
Slide 11: KVB Neo – Alternate Distribution – Scaling well
(Rs. crore) KVB Neo – Alternate Distribution – Scaling well KEY ACHIEVEMENTS • Operational in 15+ locations with average productivity of more Disbursement than Rs. 3 crore per employee 140 • Integration with the bank’s digital ecosystem has allowed NEO 120 to scale up with low operations overhead wh
Slide 12: Over 90% of Loans approved digitally in FY20
Over 90% of Loans^ approved digitally in FY20 Retail Loans 100% 100% 77% 23% 8% 100% 11% 89% 5% 92% 95% Home Loans (Incl. Mortagage Loan Vehicle Loan (4W) Personal Loan Education Loan Vehicle Loan (2W) Total Top up) Digital To be digitized By volume of loans approved, Excludes Staff Loans and Jewel
Slide 13: Digital SME Platform – Origination Volumes
Digital SME Platform – Origination Volumes Digital Commercial Loans (< 2 crore) – origination by amount 800 27 lakhs 600 768 26 lakhs Amount in Crore 419 400 27 lakhs 453 311 200 284 169 - Jun-2019 Sep-2019 Dec-2019 Originated Disbursed Average ticket size 12
Slide 14: Gold Loan Book
(Rs. crore) Gold Loan Book 12000 9000 6000 Growth in Gold Loan Portfolio 8580 3000 6094 6911 7794 ~ Rs. 1,500 crore from March 2018 0 Dec 16 Dec 17 Dec 18 Dec 19 CAGR 11.50% Gold Loans Outstanding As At Dec 19 Sep 19 June 19 Mar 19 Mar 18 8,580 8,130 7,890 7,780 7,092 13
Slide 15: Operation Centralization
Operation Centralization 170 tasks & 60 processes identified for centralization Use of systems & automation tools to enhance productivity Expected to provide net release of ~540 staff when fully implemented Expected manpower cost reduction ~Rs. 24 crore 14
Slide 16: Significant Progress in Operations Centralization
Significant Progress in Operations Centralization 1 Cash 7 Advances • Cash payment & receipt • Retail Loans - Sanctioning activities • Cash operations • Retail Loans - Post-sanctioning 12 Facilities Management • Chest movement follow-ups • Premise Mgmt. – ATM & Branch • Addl BNRM Deployment • SMA
Slide 17: Q3 Highlights
Q3 HIGHLIGHTS
Slide 18: Highlights
Highlights CRAR BUSINESS CRAR 15.87% Total Business up 5% Tier I @ 14.14% Rs. 1,11,875 crore NIM – Q3 CREDIT 3.33% Gross Advances Rs. 49,613 crore up by Rs. 1,847 crore (YoY) CASA PROFIT – Q3 CASA share @ 31% Operating Profit Rs. 385 crore Total Deposits up 6% Net Profit Rs. 15 crore Rs. 62,262 cror
Slide 19: Results Snapshot
(Rs. crore) Results Snapshot* Financial Indicators – 31.12.2019 Other Business Parameters YoY Growth Gross NPA 4,424 Parameter Amount % Net NPA 1,946 Total Gross NPA % 8.92 62,262 6 Deposits Net NPA % 4.13 Gross 49,613 4 PCR % 65.43 Advances Total 1,11,875 5 Basel III Capital Business CRAR 15.87 Tie
Slide 20: Business Profile (Averages)
(Rs. crore) Business Profile (Averages) Y-o-Y Growth Particulars Dec 19 Dec 18 Amount % Avg. Deposits 61,189 57,314 3,875 7 Avg. Demand Deposit 5,808 5,443 365 7 % to Total 9 9 Avg. Savings Deposit 12,157 11,150 1,007 9 % to Total 20 20 Avg. Time Deposit 43,224 40,720 2,504 6 % to Total 71 71 Avg. C
Slide 21: Business Profile
(Rs. crore) Business Profile* Y-o-Y Particulars Dec 19 Dec 18 % Total Deposits 62,262 58,624 6 Demand 6,260 5,852 7 Savings 12,803 11,616 10 CASA 19,063 17,468 9 Term Deposits 43,199 41,156 5 CASA % 31 30 Gross Advances 49,613 47,766 4 Net Advances 47,119 46,005 2 Total Business 1,11,875 1,06,390 5
Slide 22: Capital Adequacy – Basel III
(Rs. crore) Capital Adequacy – Basel III As at Capital Dec 19 Mar 19 Mar 18 Mar 17 Mar 16 Tier I 6,220 6,245 6,145 4,790 4,064 Tier II 759 751 226 278 330 Total 6,979 6,996 6,371 5,068 4,394 14.43% 16.00% 15.87% 12.17% 12.54% 13.92% 14.28% 14.14% 11.85% 11.26% Entire Tier I comprises of CET1 capital
Slide 23: Portfolio Performance
PORTFOLIO PERFORMANCE
Slide 24: Portfolio Performance Improving
Portfolio Performance Improving Balance in INR Base Mar. 31, 2017 = 100 SMA-1 SMA-2 SMA 30+ 200 184 SMA 1 – 1.8% 168 161 SMA 2 – 1.4% 150 SMA 1 (ex-Gold) – 1.4% 117 107 110 120 106 SMA 2 (ex-Gold) – 1.4% 100 94 98 100 88 75 100 63 76 63 59 56 84 81 82 82 45 50 65 44 46 45 42 60 51 43 40 37 36 0 Port
Slide 25: Portfolio Performance Improving
Portfolio Performance Improving Balance in INR Base Mar. 31, 2017 = 100 160 Agri Commercial Corporate Retail 140 134 120 120 121 119 117 113 114 108 110 108 100 104 105 102 107 104 100 100 103 99 100 100 100 97 94 96 84 80 88 80 81 76 75 68 61 60 60 61 60 56 56 46 50 56 40 33 20 20 21 15 10 12 7 0 M
Slide 26: Improving Portfolio Performance (Normalized to Sep'2015)
Improving Portfolio Performance (Normalized to Sep’2015) Ever 30+% @ 6 & 12 Month On Book (MOB* – Half Yearly) Portfolio Retail 120 120 100 100 93 100 87 100 88 88 100 78 80 79 100 80 68 68 80 60 87 63 82 60 74 73 78 45 60 72 71 63 40 57 33 34 40 40 53 48 44 20 20 33 24 23 0 0 6 MOB 12 MOB 6 MOB 12
Slide 27: Retail Digital Loan Distribution - Improving CIBIL Score
RETAIL DIGITAL LOAN DISTRIBUTION - IMPROVING CIBIL SCORE^ Portfolio EoP* For Dec. 2019 New to Thin File, New to Credit, Credit, 3% Thin File, 1% 1% 2% 650-700, 13% 650-700, 12% 751-900, 40% 701-725, 701-725, 20% 751-900, 14% 52% 726-750, 18% 726-750, 24% ~60% of Retail Loan to Existing Banking Custo
Slide 28: Retail Portfolio – Digital - CIBIL Score Distribution
Retail Portfolio – Digital - CIBIL Score^ Distribution (EoP*) Personal Loans Home Loans New to New to Credit, 1% 650-700, Thin File, 1% 701-725, Credit, 6% 17% 13% 650-700, 726-750, 4% 13% 751-900, 50% 751-900, 69% 701-725, 726-750, 13% 14% 2W & 4W LAP New to Thin File, New to Credit, 7% Thin File,
Slide 29: Digitally Originated Retail Loans Performing Well
Digitally Originated Retail Loans Performing Well Ever 30+ % at 6 MOB* 4.5% 3.9% 4.0% 3.5% 3.0% 2.5% 2.0% 1.9% 1.7% 1.6% 1.6% 1.4% 1.3% 1.5% 1.3% 1.2% 1.0% 1.0% 1.0% 0.5% 0.4% 0.5% 0.0% 0.0% 0.0% 6 MOB * Monthly vintages; Ever 30+% = Original Principal of any loans that is SMA1 anytime during the pe
Slide 30: Digital SME Platform – good quality application origination
Digital SME Platform – good quality application origination Digital Portfolio Distribution - CMR scores – EoP* Dec 31, 2019 • 82% of portfolio have CMR scores 34% in value terms 34% (69% of 33% accounts) 33% • 86% of portfolio is in ‘CMR 1 - 4’ buckets (87% of accounts) • Overall, less than 2% of th
Slide 31: Financial Performance
FINANCIAL PERFORIVANCE
Slide 32: Profit and Loss A/c (Qtr.)
(Rs. crore) Profit and Loss A/c (Qtr.) Q3 Q3 YoY Q2 Particulars- FY 19-20 FY 18-19 (%) FY 19-20 Net Interest Income 577 581 (1) 596 Other Income 260 260 - 278 Total Income 837 841 - 874 Operating Expenses 452 416 9 443 Operating Profit 385 425 (9) 431 Provisions 365 401 (9) 365 Credit Related 352 43
Slide 33: Profit and Loss A/c (9 months)
(Rs. crore) Profit and Loss A/c (9 months) 9 months 9 months Particulars YoY (%) FY 19-20 FY 18-19 Net Interest Income 1,757 1,744 1 Other Income 808 690 17 Total Income 2,565 2,434 5 Operating Expenses 1,304 1,188 10 Operating Profit 1,261 1,246 1 Provisions 1,060 1,036 2 Credit Related 1,018 1,000
Slide 34: Income v/s Expenses (Qtr)
(Rs. crore) Income v/s Expenses (Qtr) Net Interest Income Non Interest Income 650 300 618 596 581 584 577 273 270 278 260 260 325 0 150 Dec 18 Mar 19 June 19 Sep 19 Dec-19 Dec 18 Mar 19 June 19 Sep 19 Dec-19 Total Operating Income Operating Expenses 700 900 891 854 874 841 837 350 215 230 227 450 21
Slide 35: Break Up of Other Income
(Rs. crore) Break Up of Other Income Quarter 9 months Particulars Dec 19 Dec 18 YoY (%) Sep19 Dec 19 Dec 18 YoY (%) TOTAL NON-INT. 260 260 - 278 808 690 17 INCOME 1) Fee Income 178 161 10 153 499 494 1 2) Investment trading 45 27 67 91 203 13 - profit 3) Forex Income 8 9 (11) 10 27 29 (7) 4) Others*
Slide 36: Break Up of Operating Expenses
Break Up of Operating Expenses (Rs. crore) Quarter 9 months Particulars Dec 19 Dec 18 YoY (%) Sep 19 Dec 19 Dec 18 YoY (%) Staff Expenses 225 198 14 213 642 549 17 Of above – Prov. for employee 55 44 25 48 141 96 - retirement benefits Other Operating Expenses 227 218 4 230 662 639 4 TOTAL OPG. EXPEN
Slide 37: Key Ratios (Qtr.)
Key Ratios (Qtr.) Particulars Q3 FY 19-20 Q3 FY 18-19 Cost of Deposits 5.76 5.80 Yield on Advances 9.51 9.59 Cost of Funds 5.80 5.82 Yield on Funds 8.35 8.62 NIM 3.33 3.60 Spread 2.55 2.80 Cost to Income Ratio 54.05 49.45 Business/Emp. (Rs. Crore) 13.90 13.79 Profit/Emp. (Rs. Lakh) 0.75 1.10 4.01% 3
Slide 38: Key Ratios (9 months)
Key Ratios (9 months) Particulars 9 months FY 19-20 9 months FY 18-19 Cost of Deposits 5.81 5.80 Yield on Advances 9.66 9.72 Cost of Funds 5.87 5.81 Yield on Funds 8.51 8.64 NIM 3.42 3.60 Spread 2.64 2.83 Cost to Income Ratio 50.84 48.81 Business/Emp. (Rs. Crore) 13.90 13.79 Profit/Emp. (Rs. Lakh) 2
Slide 39: Credit Portfolio Composition
CREDIT PORTFOLIO COMPOSITION
Slide 40: Advances Portfolio
(Rs. crore) Advances Portfolio Y-o-Y Particulars Dec 19 Dec 18 Growth % Commercial 16,219 16,775 (3) Retail (Personal Banking) 11,769 9,204 28 Corporate 13,115 13,527 (3) Agriculture 8,510 8,260 3 Gross Advances 49,613 47,766 4 Jewel Loans (included above) 8,580 7,794 10 Retail (ex. IBPC) 10,544 8,7
Slide 41: Advances (Segment by Value)
(Rs. crore) Advances (Segment by Value) 18000 17056 16775 16095 16219 14397 14169 13527 13115 12000 11278 11769 9204 7620 8260 8510 7861 8113 6000 Mar 18 Dec 18 Mar 19 Dec 19 ABG CBG CIG PBG Segments ABG – Agri CBG – Commercial (<= Rs. 25 crore) CIG* – Corporate (> Rs. 25 crore) PBG* – Personal * Po
Slide 42: Advances – Segment Share
Advances – Segment Share Dec 19 17% 33% 26% 24% Mar 19 16% 34% 28% 22% Dec 18 17% 35% 29% 19% Mar 18 17% 35% 31% 17% ABG CBG CIG PBG Segments ABG – Agri CBG – Commercial (<= Rs. 25 crore) CIG* – Corporate (> Rs. 25 crore) PBG* – Personal * Portfolio inclusive of IBPCs 41
Slide 43: Robust Growth in Retail Segment
(Rs. crore) Robust Growth in Retail Segment 746 Dec-19 1,019 1,723 4,374 625 FY 19 1,044 1,712 3,619 578 FY 18 1,017 1,393 2,795 596 FY 17 921 965 2,330 703 FY 16 831 787 2,094 Jewel Loans Vehicle Mortgage (LAP) Housing 42
Slide 44: Retail Portfolio Distribution
(Rs. crore) Retail Portfolio Distribution Advances outstanding as at Segment Dec 19 Mar 19 Mar 18 Mar 17 Mar 16 Housing 4,374 3,619 2,795 2,330 2,094 Mortgage (LAP) 1,723 1,712 1,393 965 787 Vehicle 1,019 1,044 1,017 921 831 Jewel Loans 746 625 578 596 703 Personal Loans 547 424 296 316 354 Educatio
Slide 45: Credit Portfolio – other metrics
Credit Portfolio – other metrics Short term credit (Working Capital) forms major part of credit portfolio 79% 79% 80% 75% 72% 25% 28% 21% 21% 20% FY 16 FY 17 FY 18 FY 19 Dec 19 Working Capital Loans Term Loans Low concentration : Top 20 borrowers (% of overall loans) Ticket size of Commercial Book 1
Slide 46: Corporate Book
(Rs. crore) Corporate Book * Standard Corporate advances > 100 cr 4000 8.0 6.8 7.0 6.2 4.7 4.6 4.5 4.6 2500 5.0 3342 3.8 3132 2992 2244 2322 2211 2304 1891 1000 2.0 Mar-18 Jun-18 Sep-18 Dec-18 Mar-19 Jun-19 Sep-19 Dec-19 Amount > 100cr % on advance BANKING ARRANGMENT Exposure-wise break-up (> Rs. 50
Slide 47: Advances – Composition
Advances – Composition Well spread sub-sectorial exposures & diversified industrial exposures Rs.496 Bn Breakup of Industrial exposure (Rs.118 Bn) OTHER INFRASTRUCTU EXPOSURES RE NBFC OTHERS 15% 11% BILLS 4% MANUFACTURING 23% POWER SECTOR 2% 5% 24% Agri 2% CRE 6% GEMS & JEWELLERY JEWEL LOAN 5% 17% T
Slide 48: Security Coverage
(Rs. crore) Security Coverage Nature of security 31.12.19 Exposure backed by - Letter of Credit 273 Liquid Assets ^ 9,556 Vehicles 2,729 Commodities 254 Total (1) 12,812 Exposure secured by Immovable Property (% Coverage) > 100% 22,062 90% to <100% 8,735 75% to <90% 1,673 50% to <75% 3,611 <50% 2,85
Slide 49: Advances – Composition
(Rs. crore) Advances – Composition Growth Particulars Amount % to Total Advance Over Dec 18 Dec 19 Dec 18 Sep 19 Dec 19 Dec 18 Amt % Manufacturing 11,777 13,013 12,006 24 27 (1,236) (9) Trading 7,134 7,990 7,052 14 17 (856) (11) Jewel loan 8,580 7,794 8,130 17 16 786 10 Personal loans @ 7,660 6,773
Slide 50: Manufacturing Sector - Industry Wise
(Rs. crore) Manufacturing Sector - Industry Wise Amount % to Total Advance Y-o-Y Growth Industry Dec 19 Dec 18 Dec 19 Dec 18 Amount % Textile 3,814 3,773 7.7 7.9 41 1 Infrastructure 1,901 2,515 3.8 5.3 (614) (24) Basic Metal & Metal Products 791 746 1.6 1.6 45 6 Food Processing 335 920 0.7 1.9 (585)
Slide 51: Infrastructure Advances
(Rs. crore) Infrastructure Advances Amount O/s % to Total Advance Y-o-Y Growth Infrastructure Dec 19 Dec 18 Dec 19 Dec 18 Amt % Power 609 632 1.2 1.3 (23) (4) Road 465 431 0.9 0.9 34 8 Infra Others 827 1,452 1.7 3.0 (625) (43) TOTAL 1,901 2,515 3.8 5.3 (614) (24) Power Sector Exposure Ownership Dec
Slide 52: Sector-wise Restructured Advances
(Rs. crore) Sector-wise Restructured Advances % to Total Restructured Advances Dec 18 Amount S. N. SECTOR Dec 19 Dec 18 1.16 17.18 Agri 1 Textile 59.32 - All engineering 2 Food & Food Processing 20.18 - Others 3 Wood & Wood Products 20.72 - 4 Transport sector 8.86 - 81.66 5 Rubber & Rubber Products
Slide 53: Stressed Book Analysis
(Rs. crore) Stressed Book Analysis Movement of Restructured Advances Apr 19 to Dec Apr 18 to Dec 19 18 3000 2816 2728 5.00 Particulars 2673 2819 2673 A/c’s Amt. A/c’s Amt. 324 361 446 A. Position at the beginning of 372 34 72.09 22 262.43 524 the period 4.06 3.95 3.89 B. Addition during the period 4
Slide 54: NPAs, Provisions & PCR
(Rs. crore) NPAs, Provisions & PCR 4450 4511 4391 4424 4056 8.79 9.17 8.89 8.92 2420 1946 8.49 2296 2322 2118 2121 2427 1692 1961 2223 4.99 4.98 4.94 4.50 4.13 Dec 18 Mar 19 June 19 Sep 19 Dec 19 Dec 18 Mar 19 June 19 Sep 19 Dec 19 Net NPA% Gross NPA% Gross NPA Net NPA NPA Provision 65.43 61.82 58.5
Slide 55: Movement of NPA
Movement of NPA (Rs. crore) Advances O/s. Additions Deletions* Total NPA Accretion rate Q3 VERTICAL Dec 19 Q3 Q3 Dec 19 (%)* COMMERCIAL 16,219 160 230 1,074 (1.73) RETAIL (Per. Banking) 11,769 37 41 212 (0.10) CORPORATE 13,115 219 129 2,913 2.81 AGRICULTURE 8,510 33 17 225 0.75 TOTAL 49,613 449 417
Slide 56: Other Parameters
OTHER PARAMETERS
Slide 57: Business Growth
(Rs. thousand crore) Business Growth 103 111 112 89 95 6 6 6 5 60 62 57 13 50 54 4 12 11 10 8 39 41 46 51 50 FY 16 FY 17 FY 18 FY 19 Dec 19 FY 16 FY 17 FY 18 FY 19 Dec 19 Gross Advances Deposit Business Savings Demand 80% 66% 71% 64% 50 66% 67% 20 30% 31% 35% 29% 28% 30% 15 23% 25% 40% 25 20% 10 19
Slide 58: Retail Liability Franchise : Granular & Sticky
Retail Liability Franchise : Granular & Sticky 6% 9% Term deposits are primarily retail deposits 21% 94% of term deposits 64% are < Rs.5 Cr < Rs.15 Lakhs Rs.15 Lakhs-Rs.1 Cr Rs.1 Cr-Rs.5 Cr > Rs.5 Cr Low concentration of Deposits Low dependence on wholesale deposits 21% 9% 7% 10% 6% 6% 6% 69% FY
Slide 59: Investment Portfolio
Investment Portfolio Investments (Rs. crore) Portfolio wise Investment 18061 1.91% HTM 16417 30.64% AFS 15137 HFT 67.45% Dec 18 Mar-19 Dec 19 Duration Investment Portfolio AFS* HFT HTM* 0.73% 21.23% 1.30 0.17 3.46 SLR Debentures/CD/MF/CP Yield on Investment Shares 7.00% 7.04% 6.71% 78.04% Dec 18 Mar
Slide 60: Provisions and Contingencies
(Rs. crore) Provisions and Contingencies Quarter 9 months Provision for Dec 19 Dec 18 Dec 19 Dec 18 NPA 350 432 1,002 1,042 Standard Assets (2) 2 7 (8) Restructured Advances 1 (2) 6 (11) SDR, S4A, 5/25 etc. - - - (10) NCLT (specific a/c’s) - - - (12) Others (incl. NPI) 13 11 31 61 Investment Depreci
Slide 61: Leveraging Technology - Delivery Channels
Leveraging Technology - Delivery Channels Market share in RTGS transactions POS Terminals 22068 22873 21959 20568 1.14% 1.10% 1.07% 1.04% 0.99% 10157 Mar-16 Mar-17 Mar-18 `Mar- 19 Dec-19 Share of RTGS transactions (by volume) Mar-16 Mar-17 Mar-18 `Mar- 19 Dec-19 Exponential growth in Mobile transact
Slide 62: Human Resources
Human Resources Young workforce….. … well qualified … … lower attrition … Others 10% 35 34 3.9% Graduate PG 33 33 33 36% 54% 2.8% 2.7% 2.7% 2.2% FY16 FY 17 FY 18 FY 19 Dec-19 FY16 FY 17 FY 18 FY 19 Dec-19 … leading to improved productivity 134 134 142 144 14.42 13.90 130 12.85 12.92 7.9 8.2 12.4 4.4
Slide 63: A Decade of Progress
(Rs. crore) A Decade of Progress 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 6,205 Owned funds 1,620 2,114 2,708 3,085 3,326 4,246 4,573 4,845
Slide 64: Thank You
Karur Vysya Bank — Q3 FY2019-20 Earnings Presentation on 6ix