Csb Bank Ltd. · NSE:CSBBANK
Csb Bank — Q4 FY24 Earnings Presentation
33 slides from Csb Bank's earnings presentation, Apr 26, 2024
Slide 1: Cover letter to stock exchanges
SEC/160/2024 April 26, 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 Investo
Slide 2: Investor Presentation Q4-FY24
» CSB Bank S an Trusted Heritage Smart Future INVESTOR PRESENTATION Q4-FY24 | March 2024
Slide 3: Company Overview
Company Business Digital Earnings Strategy Overview Overview Penetration 8 Bancassurance 779 Branches and Presence in 16 Tie ups with 731 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 54,0
Slide 4: Profitability and key metrics
Company Business Digital Earnings Strategy Overview Overview Penetration PAT NII RoA NIM EPS Profitability Rs. 567 Cr Rs. 1476 Cr 1.79 % 5.09 % Rs. 32.67 ↑ 29% ↑ QoQ 4% ↑ 5% YoY YoY ↑8% QoQ ↑ 15% ↑ 11% YoY YoY ↑8% ↓ QoQ 27 bps↑YoY 15% YoY ↑8% ↓QoQ ↑YoY 39 bps 15% YoY ↑ Rs 1.12 YoY Deposits Gross Adv
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 228 156 202 196 151 181 175 150 132 133 Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Operating Profit YoY Net Profit YoY 780 547 567
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 65 Doubtful Assets Secured 25% 50% (Up to one yea
Slide 7: Branch Distribution
Company Business Digital Earnings Strategy Overview Overview Penetration Branch Distribution CASA Gold Loans % distribution 3% 1% 14% 9% State Mar-23 Mar-24 17% 8% 7% KERALA 38% 35% TAMIL NADU 17% 17% 5% ANDHRA 11% 12% Mar Mar MAHARASHTRA 9% 10% 20% 24 24 1(1) KARNATAKA 6% 7% 31% 11(10) 2(2) OTHERS
Slide 8: Share Holding Pattern
Company Business Digital Earnings Strategy Overview Overview Penetration Share Holding Pattern No of No of Shares Held % of % of Share Holding Category FIHM - Promoter & Shareholders (in Mio) Holding 49.72% Promoter Group 26.79% FIHM - Promoter & Promoter Group 1 86.26 49.72% SBI Mutual Funds SBI Mu
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 RoRWA 27.10% 25.99% 23.96% 22.99% 24.47% 5.79% 4.44% 4.11% 4.29% 4.10% 25.87% 24.80% 22.56% 21.60% 23.10% Q4 FY23 Q1 FY24 Q2 FY 24 Q3 FY 24 Q4 FY 2
Slide 10: Total Deposits, CASA Ratio and Gross Advances
Company Business Digital Earnings Strategy Overview Overview Penetration Total Deposits (Amt in Cr) CASA Ratio Gross Advances (Amt in Cr) 21% 29719 32.18% 30.84% 29.28% 27.58% 27.20% 18% 27345 24475 25438 24506 Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 21634 19802 CD Ratio 17990 16620 16927 24572 2286
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) 6.43% 6.64% 6.92% 6.90% 6.23% 6.57% 6.21% 5.34% 5.39% 5.93% Term Deposits 5.42% 5.73% 5.91% 5.07% 5.35% 5.00% 5.22% 4.31% 4.38% 4.85% Total Deposits 3.04% 3.89% 2.67% 2.61% 2.83% 2.
Slide 12: Gross Advance Mix
Company Business Digital Earnings Strategy Overview Overview Penetration Gross Advance Mix (Amt in Cr) Q4 FY 23 Q4 FY 24 9694 Gold Loans 11818 22% 10% -2% 6061 Corporate Loans 5956 11% 14% 17% 47% 48% 2924 Retail Loans 4029 29% 38% 24% 2163 SME Loans 2769 28% Retail Loans includes 33% Agri and 16% M
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 26.11 22% YoY 9% QoQ Yield LTV 7% 11818 10837 24.40 10619 9694 10065 11.83%* 74% Q4 FY23 Q4 FY24 No of Accounts (in Lakhs) 7.37 5% 0.27% 26.1
Slide 14: Investments
Company Business Digital Earnings Strategy Overview Overview Penetration Investments (Amt in Cr) Net Investments 7153 7551 6692 5849 5751 213 66 82 512 206 6626 7,071 7,338 5337 5545 HTM 79.74% AFS 17.66% Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 HFT 2.60% SLR Investment Non SLR Investment Yield on In
Slide 15: Sector Wise Exposure
Company Business Digital Earnings Strategy Overview Overview Penetration Sector Wise Exposure Industries % to Gross advances Services % to Gross advances Sector Wise Exposure Textiles 2.95% NBFCs 9.80% Food Processing 1.53% Infrastructure 1.51% HFC 4.57% 14% Construction 0.82% Wholesale & Retail Tra
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 1% 4% 2% 94% of SME advances are 9% 99% of Corporate advances rated as Low/Medium risk are externally rated of categories 11%
Slide 17: Profit & Loss Account - Q4 FY
Company Business Digital Earnings Strategy Overview Overview Penetration Profit & Loss Account - Q4 FY 24 Amt in Cr Q3 FY24 Q4 FY24 QoQ Q4 FY23 YoY Q3 FY24 Q4 FY24 QoQ Q4 FY23 YoY Interest Income 762 795 4% 636 25% Operating Profit 196 228 16% 202 13% Interest Expense 379 409 8% 288 42% Provision fo
Slide 18: Profit & Loss Account - FY
Company Business Digital Earnings Strategy Overview Overview Penetration Profit & Loss Account - FY 24 Amt in Cr FY 23 FY24 YoY YoY% FY 23 FY24 YoY YoY% Interest Income 2320 2927 607 26% Operating Profit 707 780 73 10% Provision for NPA -43 -5 38 Interest Expense 986 1451 465 47% Other Provisions 17
Slide 19: Balance Sheet – FY
Company Business Digital Earnings Strategy Overview Overview Penetration Balance Sheet – FY 24 Amt in Cr 31-03-2023 31-03-2024 YoY (%) 31-12-2023 QoQ (%) Liabilities Capital 174 174 0% 174 0% Reserves & Surplus 3030 3630 20% 3451 5% Deposits 24506 29719 21% 27345 9% Of Which CASA 7886 8084 3% 7543 7
Slide 20: Asset Quality
Company Business Digital Earnings Strategy Overview Overview Penetration Asset Quality Amt in Cr QoQ movement YoY Movement Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 FY 23 FY 24 Gross NPA Movement (12 M) (12 M) (3 M) (3 M) (3 M) (3 M) (3 M) 290 263 Opening Balance of Gross NPA 271 263 271 285 279 81 17
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 383 386 5.65% 5.34% 4.96% 5.17% 4.97% 364 19.82% 16.52% 17.18% 14.92% 14.13% 348 344 5.38% 5.40% 5.10% 4.84% 5.04% Q4 FY23 Q1
Slide 22: Profitability Ratios
Company Business Digital Earnings Strategy Overview Overview Penetration Profitability Ratios Opex to Average assets Credit Cost RoA QoQ QoQ QoQ 0.07% 0.10% 4.09% 4.19% 2.23% 4.04% 1.79% 1.73% 1.84% 1.79% 3.89% 3.83% Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 -0.10% -0.15% Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY
Slide 23: Asset Quality Ratios
Company Business Digital Earnings Strategy Overview Overview Penetration Asset Quality Ratios Amt in Cr QoQ QoQ 0.51% 1.26% 1.27% 1.27% 1.47% 0.35% 0.32% 0.33% 0.31% 1.22% 125 361 263 271 285 279 72 72 68 70 Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 YoY YoY 3.54
Slide 24: Profitability Ratios
Company Business Digital Earnings Strategy Overview Overview Penetration Profitability Ratios Provision Coverage Ratio Slippage Ratio Recovery Rate QoQ QoQ QoQ 92.11% 92.54% 91.75% 91.85% 86.44% 14.67% 14.57% 14.03% 2.20% 12.24% 8.81% 72.65% 74.96% 74.54% 74.81% 1.02% 0.76% 0.64% 0.65% 65.41% Q4 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 36.55 30.57 30.45 34.30 35.41 3.50% 2.42% 2.19% 2.24% 2.06% Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 YoY YoY 31.5
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 21.96% 17.50% 17.91% 17.61% 200 209 16.69% 191 176 184 Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 YoY YoY 21.28% 2
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 6.87 6.90 9.27 7.81 7.49 8.14 7.81 6.74 6.79 6.63 Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 Q4 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 21.93% 21.18% 62.51% 64.09% 61.44% 60.86% 20.10% 57.45% 19.48% 19.17% Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 YoY
Slide 29: Digital Touch Points
Company Business Digital Earnings Strategy Overview Overview Penetration Digital Touch Points 5.63 lacs+ 1,600+ Installations 9.29 lacs + Debit Cards Net Banking users 731 ATM Network 11,300+ QR Installations 5.52 lacs+ Mobile Banking Users CSB Bank Investor Presentation Q4 FY24 28
Slide 30: Channel Transactions
Company Business Digital Earnings Strategy Overview Overview Penetration Channel Transactions Digital vs Branch No of Transactions (in lakhs) 1079.22 1202.17 FY23 FY24 Mobile Banking 18.38 17.20 753.94 893.53 Internet Banking 16.68 12.98 Debit Cards 104.53 92.76 UPI 753.94 1079.22 104.53 92.76 103.8
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 Q4 FY24 30
Slide 32: THANK YOU !
THANK YOU !
Slide 33: Disclaimer
CONFIDENTIAL 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 Ban