Bank Of Baroda · NSE:BANKBARODA
Bank Of Baroda — Q2 FY2024 Earnings Presentation
41 slides from Bank Of Baroda's earnings presentation, Nov 4, 2023
Slide 1: Analyst Presentation Q2 FY 2024
Analyst Presentation Q2 FY 2024 1
Slide 2: Key Highlights
Key Highlights © 2023 Bank of Baroda. All Rights Reserved Page | 2
Slide 3: Key Highlights
Key Highlights Business Details (INR crore) Key Performance Drivers Sep 30, 2022 Sep 30, 2023 YoY (%) Domestic Deposits 9,58,967 10,74,114 12.0 Net Interest Margin (%) Net Profit (INR crore) 51.8% YoY International Deposits 1,31,205 1,75,533 33.8 26 bps YoY Global Deposits 10,90,172 12,49,647 14.6 3
Slide 4: Financial Performance
Financial Performance © 2023 Bank of Baroda. All Rights Reserved Page | 4
Slide 5: Key Ratios
Key Ratios Cost of Deposits Net Interest Margin Domestic Domestic Global International 3.41% 3.41% 3.19% 3.25% 3.30% 4.99% 4.74% 3.90% 4.92% 4.68% 4.25% Q2FY23 Q1FY24 Q2FY24 H1FY23 H1FY24 4.45% 3.59% International 2.17% 1.33% 1.92% 1.96% 1.93% 1.94% Q2FY23 Q1FY24 Q2FY24 Yield on Advances Domestic Gl
Slide 6: Operating Performance
Operating Performance Particulars Q2 FY23 Q1 FY24 Q2 FY24 YOY (%) H1 FY23 H1 FY24 YOY (%) (INR crore) Interest on advances 14,834 19,813 20,827 40.4 27,873 40,640 45.8 Interest on investments 5,442 6,028 6,275 15.3 10,382 12,303 18.5 Other Interest income 978 715 759 -22.4 1,937 1,474 -23.9 Total In
Slide 7: Non-Interest Income
Non-Interest Income Particulars Q2 FY23 Q1 FY24 Q2 FY24 YOY (%) H1 FY23 H1 FY24 YOY (%) (INR crore) Commission, Exchange, 778 745 1,104 41.9 1,392 1,849 32.8 Brokerage Incidental Charges 306 389 421 37.6 598 811 35.6 Forex Income 68 46 71 4.4 131 117 -10.7 Other Miscellaneous Income 364 327 400 9.9
Slide 8: Operating Expenses
Operating Expenses Particulars Q2 FY23 Q1 FY24 Q2 FY24 YOY (%) H1 FY23 H1 FY24 YOY (%) (INR crore) Employee Cost 3,184 3,754 3,706 16.4 6,228 7,461 19.8 of which: Salaries 2,348 2,980 2,895 23.3 4,704 5,876 24.9 Provisions for employees 836 774 811 -3.0 1,524 1,585 4.0 Other Operating Expenses 2,785
Slide 9: Profit Position
Profit Position Particulars Q2 FY23 Q1 FY24 Q2 FY24 YOY (%) H1 FY23 H1 FY24 YOY (%) (INR crore) Operating Profit 6,031 7,824 8,020 33.0 10,558 15,844 50.1 Total Provisions 1,628 1,946 2,161 32.7 3,312 4,106 24.0 of which: Provision for NPA & Bad Debts 1,654 1,693 2,285 38.1 3,214 3,978 23.8 Written-
Slide 10: Business Performance
Business Performance © 2023 Bank of Baroda. All Rights Reserved Page | 10
Slide 11: Deposits
Deposits Particulars % share in Domestic Deposits in Sep’ 23 Sep’22 Sep’23 YOY (%) Jun’23 Sep’23 QOQ (%) (INR crore) Domestic CASA Deposits 4,10,151 4,28,320 4.4 4,23,600 4,28,320 1.1 Savings Deposits Domestic Saving 34% 3,45,278 3,66,561 6.2 3,60,722 3,66,561 1.6 Deposits Domestic Current 64,873 61
Slide 12: Advances
Advances Particulars Sep’22 Sep’23 YOY (%) Jun’23 Sep’23 QOQ (%) % share in Gross Domestic Credit in Sep’23 (INR crore) Retail* 1,58,506 1,93,682 22.2 1,84,091 1,93,682 5.2 Agriculture 15.7% Home Loans* 88,398 1,02,610 16.1 99,976 1,02,610 2.6 Auto Loans* 28,301 34,268 21.1 32,171 34,268 6.5 Mortgag
Slide 13: Industry-wise Outstanding
Industry-wise Outstanding Sep'22 Sep'23 Particulars (INR crore) Outstanding Share Outstanding Share Rating Profile Infrastructure of which 1,06,225 14.82 1,04,739 12.55 1. Power 52,868 7.38 51,613 6.18 2. Telecom 10,200 1.42 8,651 1.04 3. Roads & Ports 29,359 4.10 32,779 3.93 4. Other Infrastructure
Slide 14: Segment wise breakup & Ratings of NBFC Standard Outstanding
Segment wise breakup & Ratings of NBFC Standard Outstanding NBFC Portfolio by Ownership Rating Profile of NBFCs Standard Outstanding* Particulars Jun’23 Sep’23 Outstanding Outstanding 11% 13% % Share % Share (INR crore) (INR crore) Pvt others AAA 98,649 72.37 88,897 66.85 45% 40% Backed by Large Pri
Slide 15: Treasury Operations
Treasury Operations Particulars Sep ’22 Jun ’23 Sep ’23 • Domestic investment book comprises of 69.20% in HTM; 30.57% in (INR crore) AFS and 0.23% in HFT. • The percentage of Investments in SLR Securities to NDTL at Sep Domestic Investments 3,39,667 3,47,562 3,57,378 30, 2023 was at 27.41%. of which
Slide 16: Financial Inclusion
Financial Inclusion Total Financial Inclusion Accounts Balance /Avg Balance in FI accounts (in Lakh) 33,513 32,549 Zero Balance Accounts (%) 689 28,356 681 5.4% 5.2% 5.2% 661 4,290 4,783 4,864 Sep'22 Jun'23 Sep'23 Sep'22 Jun'23 Sep'23 Market Share* of BOB in PMJDY Accounts (%) Sep'22 Jun'23 Sep'23 B
Slide 17: Asset Quality
Asset Quality © 2023 Bank of Baroda. All Rights Reserved Page | 17
Slide 18: Movement of NPAs
Movement of NPAs Particulars Q2 FY23 Q1 FY24 Q2 FY24 H1 FY23 H1 FY24 (INR crore) A. Opening Balance 52,591 36,764 34,832 54,059 36,764 B. Additions 4,465 2,761 4,751 7,854 6,613 Out of which, Fresh Slippages 3,479 2,452 4,331 5,833 5,953 C. Reductions 10,682 4,693 5,615 15,539 9,408 Recovery 2,047 9
Slide 19: Sectoral & Industry wise Contribution of NPAs
Sectoral & Industry wise Contribution of NPAs Sector-wise NPA Industry-wise NPA Particulars (INR crore) Q2 FY23 Q1 FY24 Q2 FY24 Particulars (INR crore) Q2 FY23 Q1 FY24 Q2 FY24 Infrastructure of which 3,165 287 291 Corporate 9,371 1,519 2,282 1. Power 1,966 65 57 MSME 12,038 11,177 11,037 2. Telecom
Slide 20: Asset Quality: Sectoral Fresh Slippages
Asset Quality : Sectoral Fresh Slippages Fresh Slippages CRILC o/s SMA1 and SMA 2 (%) Particulars (INR crore) Q2 FY23 Q1 FY24 Q2 FY24 H1 FY23 H1 FY24 Corporate 568 177 1,806 1,121 1,984 MSME 887 1,143 893 1,609 1,609 0.48 0.42 Retail 585 612 483 934 821 0.22 Agriculture 658 436 563 1,216 878 Others
Slide 21: Exposure to NCLT Accounts
Exposure to NCLT Accounts 52,277 99.84% 99.67% 38,058 99.45% 98.50% 98.05% 4,975 6,830 2,414 RBI 1 List RBI 2 List Accounts filed Accounts filed Total RBI 1 List RBI 2 List Accounts filed Accounts filed Total by BOB at by others at by BOB at by others at NCLT NCLT NCLT NCLT Exposure in INR Crore Pro
Slide 22: Capital Adequacy
Capital Adequacy © 2023 Bank of Baroda. All Rights Reserved Page | 22
Slide 23: Capital Adequacy
Capital Adequacy 16.24% 15.84% 15.74% 15.25% 14.93% 15.30% Tier II 2.25% 2.20% 2.07% 2.44% 2.31% 2.11% AT-1 1.75% 1.70% 1.56% 1.62% 1.86% 1.79% CET-1 12.24% 11.94% 11.57% 12.11% 10.95% 10.83% Sep'22 Dec'22 Mar'23 Jun'23 Sep'23 Consol Sep'23 Particulars (INR crore) Sep ’22 Jun ’23 Sep ’23 Sep ’23 (Co
Slide 24: BOB's Festive Campaign
BOB’s Festive Campaign © 2023 Bank of Baroda. All Rights Reserved Page | 24
Slide 25: Offerings on Liability Products
A COMPREHENSIVE FESTIVAL OFFERING LAUNCHED BY BANK COVERING BOTH ASSETS AND LIABILITIES WITH ATTRACTIVE OFFERS (SEPT - DEC'23) OFFERINGS ON LIABILITY PRODUCTS BOB LITE BOB BRO Light on Costs & For NewGen Heavy on Benefits students BOB SALARY BOB PARIVAR Give Edge to your My Family My Bank Savings BA
Slide 26: Offerings on Asset Products
A COMPREHENSIVE FESTIVAL OFFERING LAUNCHED BY BANK COVERING BOTH ASSETS AND LIABILITIES WITH ATTRACTIVE OFFERS (SEPT - DEC'23) OFFERINGS ON ASSET PRODUCTS Home Loan ROI Car Loan ROI starts @ 8.40% starts @ 8.70%. Free / Concessional Special offers for Processing Charges Women Borrowers Special offer
Slide 27: Sustainability Initiatives
Sustainability Initiatives © 2023 Bank of Baroda. All Rights Reserved Page | 27
Slide 28: Sustainability Initiatives 1/4
Sustainability Initiatives….1/4 Sustainable Loans Efficiency Initiatives Bank has MOU with KFW, a multilateral finance 175- branches in rural/semi urban areas Bank has set up rain water harvesting system in some agency, under the programme known as are being run on Solar Energy.. Approx. of their Ad
Slide 29: Sustainability Initiatives 2/4
Sustainability Initiatives….2/4 ➢ Bank has developed an Approach Paper for management of risk arising due to Climate Risk & Sustainability which covers, the Governance Structure; Strategy to address climate change risks and Risk management structure to effectively manage them from a micro-prudential
Slide 30: Sustainability Initiatives 3/4
Sustainability Initiatives….3/4 Garbage Free India– “Swachhata Pakhwada”(Swachhata Hi Seva ) ➢ As a responsible Corporate Citizen, the Bank is committed to make a positive impact towards a cleaner India. ➢ Bank celebrated ‘Swachhata Pakhwada – A Fortnight for garbage Free India ’ from 15th September
Slide 31: Sustainability Initiatives 4/4
Sustainability Initiatives….4/4 ➢ Bank has a ‘Code of Ethics’ which is a landmark initiative for a Public Sector Bank. It follows a stakeholder centric approach and reaffirms the Bank’s commitment to each of our stakeholders. It also underlines the Bank’s responsibility to protect the environment an
Slide 32: Digital Milestones
Digital Milestones © 2023 Bank of Baroda. All Rights Reserved Page | 32
Slide 33: Digital Milestones 1/2
Digital Milestones….1/2 49% 28% 68% 50% SGB Sales through New FDs New RDs No of merchants using POS, Digital (through Digital) (through Digital) UPI QR, IPG Q2 FY24 Q2 FY24 Q2 FY24 Q2 FY24 70% 36% 2nd 3rd Credit Card Digitally active Rank in UPI Rank in Debit Card sourced digitally# customers remitt
Slide 34: Digital Milestones 2/2
Digital Milestones…2/2 7.95 Million 35% 90% Daily Txns on %FDs/RDs opened % IMPS txns through bob World through bob world bob world (Fin & Non-Fin) 77% 86% 84% Digital Passbook UPI handle % Billpay txns accessed through generated through through bob World bob world bob World 6 32% PPF Account Averag
Slide 35: Consolidated Financials
Consolidated Financials © 2023 Bank of Baroda. All Rights Reserved Page | 35
Slide 36: Subsidiaries and JVs Performance
Subsidiaries and JVs Performance Baroda BNP Paribas Asset IndiaFirst Life Insurance Co. Ltd. BOB Financial Solutions Limited Management India Pvt. Ltd. (Subsidiary Holding - 65%) (Subsidiary Holding – 100%) (Subsidiary Holding – 50.1%) ❑ IndiaFirst Life recorded YoY de-growth of 0.5% in ❑ Number of
Slide 37: Subsidiaries and JVs Performance
Subsidiaries and JVs Performance India Infradebt Limited Baroda Global Shared Services Limited BOB Capital Markets Limited (Joint Venture of 40.99%) (Subsidiary Holding – 100%) (Subsidiary Holding – 100%) ❑ India Infradebt Limited focused on ❑ BGSSL total income grew by 52.6% YoY in ❑ The gross reve
Slide 38: Overseas Subsidiaries and JVs performance
Overseas Subsidiaries and JVs performance Bank of Baroda (Uganda) Ltd. Bank of Baroda (Kenya) Ltd. Bank of Baroda (UK) Ltd. (Subsidiary Holding – 80%) (Subsidiary Holding – 86.7%) (Subsidiary Holding – 100%) ❑ Total Deposits of Bank of Baroda (Uganda) Ltd. ❑ Total Deposits of Bank of Baroda (Kenya)
Slide 39: Balance Sheet and PL – Consolidated
Balance Sheet and PL– Consolidated Particulars Particulars Sep’22 Jun’23 Sep’23 Q2 FY23 Q2 FY24 YoY (%) (INR crore) (INR crore) CAPITAL & LIABILITIES Net Interest Income 10,930 11,735 7.4 Capital 1,036 1,036 1,036 Share Application Money Pending Non Interest Income 3,896 6,503 66.9 - - - Allotment T
Slide 40: Disclaimer
Disclaimer The information contained in this presentation is provided by Bank of Baroda (the “Bank”) to you solely for your information. This document is highly confidential and being given solely for your use and may not be retained by you and neither this presentation nor any part thereof may be (
Slide 41: Thank You
Thank You © 2023 Bank of Baroda. All Rights Reserved Page | 41