Csb Bank Ltd. · NSE:CSBBANK
Csb Bank — Q3 FY24 Earnings Presentation
33 slides from Csb Bank's earnings presentation, Jan 29, 2024
Slide 1: Cover letter to stock exchanges
SEC/032/2024 January 29, 2024 BSE Limited, National Stock Exchange of India Ltd., Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor, Dalal Street, Bandra-Kurla Complex, Mumbai 400001. Bandra (E), Mumbai 400051. Scrip code: 542867 Symbol: CSBBANK Dear Sir/Madam, Presentation to Institutional Inves
Slide 2: Investor Presentation Q3-FY24
» CSB Bank S an Trusted Heritage Smart Future INVESTOR PRESENTATION Q3-FY24 | December 2023
Slide 3: Company Overview
Company Business Digital Earnings Strategy Overview Overview Penetration 7 Bancassurance 747 Branches and Presence in 16 Tie ups with 570 ATM/CRMs States and 4 UTs Industry Happy 100 Years+ Leaders Customers Business 2.1 Million+ Total Business A Century Branches/ATMs Happy Customers Crossed Rs 50,0
Slide 4: Profitability and key metrics
Company Business Digital Earnings Strategy Overview Overview Penetration PAT NII RoA* NIM EPS* Profitability Rs. 415 Cr Rs. 1090 Cr 1.78 % 5.11 % Rs. 31.78 ↑ 29% ↑ QoQ 6% ↑ 5% YoY YoY ↑8% QoQ ↑ 15% ↑ 11% YoY YoY ↑8% ↓ QoQ 22 bps↑YoY 15% YoY ↑8% ↓QoQ ↑YoY 41 bps 15% YoY ↑ Rs 1.86 YoY Deposits Gross A
Slide 5: Operating profit and net profit
Company Business Digital Earnings Strategy Overview Overview Penetration Profitability Amt in Cr Operating Profit QoQ Net Profit QoQ 156 156 202 193 150 196 181 175 132 133 Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 Operating Profit YoY Net Profit YoY 506 552 415
Slide 6: NPA Provision
Company Business Digital Earnings Strategy Overview Overview Penetration Prudential Provisioning Policy Asset Classification RBI Norms Our Norms Secured 15% 25% Sub Standard Assets Prudential Provisions Amount (in Cr) Unsecured 25% 50% NPA Provision 61 Doubtful Assets Secured 25% 50% (Up to one year
Slide 7: Branch Distribution, CASA and Gold Loans
Company Business Digital Earnings Strategy Overview Overview Penetration Branch Distribution CASA Gold Loans % distribution 9% 8% State Dec-22 Dec-23 4% 7% KERALA 41% 36% 1% 32% TAMIL NADU 19% 17% Q3 ANDHRA 9% 12% 14% 15% Q3 FY MAHARASHTRA 9% 10% FY 1(1) 57% 24 10(4) 2(1) KARNATAKA 7% 6% 24 5% OTHER
Slide 8: Share Holding Pattern
Company Business Digital Earnings Strategy Overview Overview Penetration Share Holding Pattern % of Share Holding FIHM - Promoter & Promoter No of No of Shares Held Category % of Holding Group Shareholders (in Mio) 49.72% SBI Mutual Funds 26.73% FIHM - Promoter & Promoter Group 1 86.26 49.72% UTI-MN
Slide 9: Solid CRAR & Adequate Liquidity
Company Business Digital Earnings Strategy Overview Overview Penetration Solid CRAR & Adequate Liquidity – Our Strength Amt in Cr Capital Adequacy Ratio RWA to Total Assets 27.10% 25.99% 38.47% 40.12% 41.57% 43.06% 42.96% 25.78% 23.96% 22.99% 24.27% 25.87% 24.80% 22.56% Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY
Slide 10: Deposits, CASA Ratio and Net Advances
Company Business Digital Earnings Strategy Overview Overview Penetration Total Deposits (Amt in Cr) CASA Ratio Net Advances (Amt in Cr) 23% 21% 27345 31.44% 32.18% 30.84% 29.28% 24475 25438 27.58% 24506 22664 Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY 24 Q3 FY 24 19802 17990 16620 16927 15538 22658 22256 21104 N
Slide 11: Cost of Deposits and Yield on Advances
Company Business Digital Earnings Strategy Overview Overview Penetration Cost of Deposits (QoQ) Cost of Deposits (YoY) 5.93% 6.21% 6.43% 6.64% 6.88% 6.35% 6.43% 5.24% 5.36% 5.16% Term Deposits 4.85% 5.00% 5.22% 5.42% 5.91% 5.18% 5.21% 4.30% 4.34% 4.19% Total Deposits 2.93% 2.93% 2.89% 3.92% 2.88% 2.
Slide 12: Net Advance Mix
Company Business Digital Earnings Strategy Overview Overview Penetration Net Advance Mix (Amt in Cr) Q3 FY 23 Q3 FY 24 8762 Gold Loans 10817 23% 10% 10% 5442 Corporate Loans 6013 10% 13% 15% 47% 48% 2407 Retail Loans 3459 30% 44% 27% 1846 SME Loans 2369 28% Retail Loans includes 36% Agri and 16% MFI
Slide 13: Gold Loan – Our DNA
Company Business Digital Earnings Strategy Overview Overview Penetration Gold Loan – Our DNA (Amt in Cr) Portfolio Movements (Gross) Portfolio Quality Tonnage 25.21 24% YoY 8% 2% QoQ Yield LTV 10837 23.26 10619 10065 9694 11.63%* 74% 8774 Q3 FY23 Q3 FY24 No of Accounts (in Lakhs) 7.19 0.29% 25.21 T
Slide 14: Investments
Company Business Digital Earnings Strategy Overview Overview Penetration Investments (Amt in Cr) Net Investments 6692 7153 5492 5849 5751 82 66 420 512 206 6626 7071 5072 5337 5545 HTM 75.83% AFS 21.86% Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 HFT 2.31% SLR Investment Non SLR Investment QoQ Yield on
Slide 15: Sector Wise Exposure
Company Business Digital Earnings Strategy Overview Overview Penetration Sector Wise Exposure % to Gross Industries Services % to Gross advances Sector Wise Exposure advances Textiles 3.10% NBFCs 9.48% Food Processing 1.50% 17% HFC 4.73% Infrastructure 0.95% Wholesale & Retail Trade 2.92% Constructi
Slide 16: Rating wise Exposure
Company Business Digital Earnings Strategy Overview Overview Penetration Rating wise Exposure External Rating of Corporate Accounts (>Rs 25Cr) Internal Rating of SME accounts 94% of SME advances are 11% 2% 98% of Corporate advances 4% 2% rated as Low/Medium risk are externally rated of categories 11
Slide 17: Profit & Loss Account - Q3 FY
Company Business Digital Earnings Strategy Overview Overview Penetration Profit & Loss Account - Q3 FY 24 Amt in Cr Q2 FY24 Q3 FY24 QoQ Q3 FY23 YoY Q2 FY24 Q3 FY24 QoQ Q3 FY23 YoY Interest Income 687.3 761.8 11% 592.0 29% Operating Profit 174.6 195.9 12% 193.4 1% Interest Expense 343.6 379.2 10% 242
Slide 18: Profit & Loss Account - 9M FY
Company Business Digital Earnings Strategy Overview Overview Penetration Profit & Loss Account - 9M FY 24 Amt in Cr 9M FY 23 9M FY24 YoY YoY% 9M FY 23 9M FY24 YoY YoY% Interest Income 1683.2 2132.7 449.5 27% Operating Profit 505.5 551.9 46.4 9% Provision for NPA -25.3 -10.2 15.2 -60% Interest Expens
Slide 19: Balance Sheet – Q3 FY
Company Business Digital Earnings Strategy Overview Overview Penetration Balance Sheet – Q3 FY 24 Amt in Cr 31-12-2022 31-12-2023 YoY (%) 30-09-2023 QoQ (%) Liabilities Capital 173.5 173.5 0% 173.5 0% Reserves & Surplus 2872.8 3451.1 20% 3299.3 5% Deposits 22664.0 27344.8 21% 25438.4 7% Of Which CAS
Slide 20: Asset Quality
Company Business Digital Earnings Strategy Overview Overview Penetration Asset Quality Amt in Cr QoQ movement Security Receipts Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 Gross NPA Movement Q3 Q4 Q1 Q2 Q3 (3 months) (3 months) (3 months) (3 months) (3 months) FY23 FY23 FY24 FY24 FY24 Opening Balance of
Slide 21: Profitability Ratios
Company Business Digital Earnings Strategy Overview Overview Penetration Profitability Ratios Net Interest Income (in Cr) NIM Non interest Income to Total Income QoQ QoQ QoQ 383 6.06% 5.65% 5.34% 5.17% 364 4.96% 16.56% 14.92% 17.18% 13.18% 14.13% 350 348 344 5.80% 5.38% 5.40% 4.84% 5.10% Q3 FY23 Q4
Slide 22: Profitability Ratios
Company Business Digital Earnings Strategy Overview Overview Penetration Profitability Ratios Opex to Average assets Credit Cost RoA QoQ QoQ QoQ 4.09% 0.07% 4.04% 2.37% 2.23% 1.79% 1.73% 1.84% 3.73% 3.89% 3.83% -0.15% -0.10% -0.34% -0.37% Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 Q3 FY23 Q4 FY23 Q1 FY
Slide 23: Asset Quality Ratios
Company Business Digital Earnings Strategy Overview Overview Penetration Asset Quality Ratios Amt in Cr QoQ QoQ 1.45% 0.42% 0.35% 0.32% 0.33% 0.31% 1.26% 1.27% 1.27% 1.22% 78 285 72 72 279 70 271 271 68 263 Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 YoY 3.22% YoY
Slide 24: Profitability Ratios
Company Business Digital Earnings Strategy Overview Overview Penetration Profitability Ratios Provision Coverage Ratio Slippage Ratio Recovery Rate QoQ QoQ QoQ 92.54% 91.93% 92.11% 91.75% 91.85% 1.02% 0.76% 14.28% 14.67% 14.57% 0.60% 0.64% 0.65% 12.24% 74.96% 74.54% 74.81% 8.81% 72.65% 71.37% Q3 FY2
Slide 25: Share Holders Return & Risk Ratios
Company Business Digital Earnings Strategy Overview Overview Penetration Share Holders Return & Risk Ratios EPS (in Rs) Net NPA to Networth QoQ QoQ 35.66 36.55 34.30 2.76% 2.42% 2.24% 30.57 30.45 2.19% 2.06% Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 YoY YoY 13.3
Slide 26: Share Holders Return & Risk Ratios
Company Business Digital Earnings Strategy Overview Overview Penetration Share Holders Return & Risk Ratios RoE Book Value per Share (in Rs) QoQ QoQ 22.64% 21.96% 200 17.50% 16.69% 17.91% 191 184 176 167 Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 YoY YoY 20.88% 1
Slide 27: Efficiency Ratios
Company Business Digital Earnings Strategy Overview Overview Penetration Efficiency Ratios Business per Employee (In Cr) Profit per Employee (in Lakhs) QoQ QoQ 6.79 6.87 6.74 9.73 9.27 6.63 7.81 7.49 8.14 6.49 Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 YoY YoY 8.
Slide 28: Efficiency Ratios
Company Business Digital Earnings Strategy Overview Overview Penetration Efficiency Ratios Staff Cost to Total Income Cost to Income Ratio QoQ QoQ 22.24% 21.93% 62.51% 64.09% 61.44% 20.10% 21.18% 19.48% 56.00% 57.48% Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 YoY
Slide 29: Digital Touch Points
Company Business Digital Earnings Strategy Overview Overview Penetration Digital Touch Points 5.37 lacs+ 1,560+ Installations 9.21 lacs + Debit Cards Net Banking users 570 ATM Network 9,800+ QR Installations 5.25 lacs+ Mobile Banking Users CSB Bank Investor Presentation Q3 FY24 28
Slide 30: Channel Transactions
Company Business Digital Earnings Strategy Overview Overview Penetration Channel Transactions Digital vs Branch No of Transactions 753.94 (in lakhs) 887.06 9M FY23 9M FY24 539.33 641.00 Mobile Banking 13.99 18.38 Internet Banking 12.86 16.68 Debit Cards 74.82 98.05 UPI 539.33 753.94 103.83 98.05 74.
Slide 31: Strategic Roadmap: SBS 2030 Awards & Recognition
Company Business Digital Earnings Strategy Overview Overview Penetration Strategic Roadmap: SBS 2030 Awards & Recognition CSB Bank Investor Presentation Q3 FY24 30
Slide 32: Thank You
THANK YOU !
Slide 33: Disclaimer
Disclaimer This presentation has been prepared by CSB Bank Limited (the “Bank”) solely for information purposes, without regard to any specific objectives, financial situations or informational needs of any particular person. All information contained has been prepared solely by the Bank. No informa