Idbi Bank Limited · NSE:IDBI
Idbi Bank — Q1 FY2023 Earnings Presentation
44 slides from Idbi Bank's earnings presentation, Jul 21, 2022
Slide 1: Exchange cover letter for investor presentation
3T-W3T1.1U IC-I 6 IDBI Bank Limited tiaTff cblelielef : 31Tgar314 Regd. Office : IDBI Tower, 014, Atg, WTC Complex, Cuffe Parade, CIN: L65190MH2004G01148838 - 400 005. Mumbai - 400 005. dllL1: (+91 22) 6655 3355, 2218 9111 TEL.: (+91 22) 6655 3355, 2218 9111 0-,<1-d : (+91 22) 2218 0411 FAX : (+91 2
Slide 2: Investors Presentation: Financial Results Q1 FY 2022-23
INVESTORS PRESENTATION FINANCIAL RESULTS Q1 - FY 2022-23 July 21, 2022 Page 1
Slide 3: Disclaimer
Disclaimer The information in this presentation is being provided by IDBI Bank Limited (referred to as ‘the Bank’). The information contained in this presentation is confidential and may not be copied, published, distributed, transmitted or advertised in any media, website or otherwise. By attending
Slide 4: Content
Content 1 Highlights 2 Financial Performance 3 Business Performance 4 Treasury Operations 5 Asset Quality 6 Capital 7 Digital Banking and Financial Inclusion 8 Subsidiaries 9 Way Forward Page 3
Slide 5: Highlights
Highlights Page 4
Slide 6: Major Highlights for Q1 FY 2023 – Continued Balance Sheet Strengthening
Major Highlights for Q1 FY 2023 – Continued Balance Sheet Strengthening PAT - Rs.756 crore Operating Profit NIM – 3.73% PBT - Rs.1093 crore Rs.2052 crore NII - Rs.2488 crore (excl. interest on IT refund) ROA – 1.03% Cost to Net Income Ratio Total CRAR –19.57% Total RWA ROE – 14.80% 43.44% Tier 1 Cap
Slide 7: Key Metrics for Q1 FY 2023
Key Metrics for Q1 FY 2023 Profitability - Strong operating momentum PAT at Rs.756 crore, up by 25% YoY and 10% QoQ PBT at Rs.1093 crore, up by 7% YoY and 30% QoQ Operating Profit at Rs. 2052 crore up by 36% QoQ NII at Rs.2488 crore, grew by 3% QoQ. NII excl. interest on IT refund at Rs.2310
Slide 8: Key Metrics for Q1 FY 2023 (contd.)
Key Metrics for Q1 FY 2023 (contd.) Asset Quality - Improving Trend Net NPA at 1.25%, reduction of 42 bps YoY and 11 bps QoQ GNPA at 19.90%, reduction of 281 bps YoY and 26 bps QoQ PCR stood at 97.79%, improved by 37 bps YoY and 16 bps QoQ Capital - Adequately Capitalised Tier 1 Capital at 1
Slide 9: Financial Performance
Financial Performance Page 8
Slide 10: Profit & Loss
Profit & Loss (Rs.Crore) Quarter ended Variance Particulars FY 22 Jun-21 Mar-22 Jun-22 YoY% QoQ% Interest Income 4916 4600 4641 (6) 1 18295 Interest Expenses 2410 2179 2153 (11) (1) 9133 Net Interest Income 2506 2421 2488 (1) 3 9162 Other Income 1731 844 1140 (34) 35 4690 Net Total Income 4237 3265
Slide 11: Net Interest Income
Net Interest Income (Rs.Crore) Quarter ended Variance Particulars FY22 Jun-21 Mar-22 Jun-22 YoY% QoQ% Interest Income Interest on Advances 3399 3143 2804 (18) (11) 11990 Interest on Invest. 1348 1318 1534 14 16 5341 including bal. with RBI & Other Inter Bank Funds Other Interest Income 169 139 303 7
Slide 12: Profitability
Profitability (Rs.Crore) 177 30 (18) (85) (591) (885) 756 603 25% -1% -34% +4% +26% -48% -20% PAT Q1 FY22 Net Interest Income Other Income Employee Cost Other Op. Cost Prov. & Contg. Tax PAT Q1 FY23 (Excl. Tax) 296 290 67 183 (144) (31) 756 691 10% +3% +35% -17% -3% +43% +120% PAT Q4 FY22 Net Intere
Slide 13: Other Income
Other Income (Rs.Crore) Quarter ended Variance Particulars FY22 Jun-21 Mar-22 Jun-22 YoY % QoQ % Commission, exchange and brokerage 404 525 485 20 (8) 1814 Profit/ (Loss) on sale of investments 690 12 402 (42) 3250 1058 Profit/(Loss) on revaluation of investments (net)^ 92 (48) (66) (172) 38 16 Prof
Slide 14: Provisions & Contingencies
Provisions & Contingencies (Rs.Crore) Quarter ended Variance Particulars FY22 Jun-21 Mar-22 Jun-22 YoY QoQ Depreciation on Investment 874 1052 111 (763) (941) 1923 Provision – NPAs 199 (300) 110 (89) 411 (588) Provision – Standard Assets 353 (464) 411 58 875 72 Provision - Restructured Assets 178 (8
Slide 15: Yield Ratios (cumulative)
Yield Ratios (cumulative) Yield on Advances NIM 11.11% 4.06% 4.02% 9.79% 3.65% 3.73% 9.97% 9.69% 3.54% 8.51% Jun 21 Sep 21 Dec 21 FY 22 Jun 22 Jun 21 Sep 21 Dec 21 FY 22 Jun 22 Cost To Net Income 43.50% 45.89% 40.36% 43.44% 32.30% Jun 21 Sep 21 Dec 21 FY 22 Jun 22 Page 14
Slide 16: Cost of Funds & Cost of Deposits (cumulative)
Cost of Funds & Cost of Deposits (cumulative) Cost of Deposits 3.72% 3.66% 3.61% 3.56% 3.36% Jun 21 Sep 21 Dec 21 FY 22 Jun 22 Cost of Funds 3.98% 3.93% 3.88% 3.84% 3.63% Jun 21 Sep 21 Dec 21 FY 22 Jun 22 Page 15
Slide 17: Business Performance
Business Performance Page 16
Slide 18: Balance Sheet
Balance Sheet (Rs.Crore) As at Jun-21 Mar-22 Jun-22 LIABILITIES Capital 10752 10752 10752 Reserve & Surplus 26662 30910 31668 Deposits 222367 233134 225269 Borrowings 23832 14345 15643 Other Liabilities & Provisions 12030 12278 13070 Total 295643 301419 296402 ASSETS Cash & Balance with RBI 37203 27
Slide 19: Business Performance: Deposits
Business Performance Total Deposit CASA 56.77% 1% YoY CASA 55.65% Deposits 233134 3 % QoQ 52.43% 225269 222367 132359 125356 116595 Jun 21 Mar 22 Jun 22 Jun 21 Mar 22 Jun 22 Deposit Mix Deposit Mix 12141 11465 19451 47.57% 43.23% 44.35% 6% QoQ 41% YoY 88634 88448 Time Deposits to Total Deposits % 86
Slide 20: Business Performance: Deposit Components
Business Performance Saving Deposits Retail Deposits 2% YoY 7% YoY 0.21% QoQ 4% QoQ 86804 83528 88634 88448 77751 86321 Jun 21 Mar 22 Jun 22 Jun 21 Mar 22 Jun 22 Current Deposits Bulk Deposits 8% YoY 41% YoY 8% QoQ 6% QoQ 45555 19451 41828 38844 12141 11465 Jun 21 Mar 22 Jun 22 Jun 21 Mar 22 Jun 22
Slide 21: Business Performance and Advances
Business Performance and Advances Gross Advances Structured Retail Assets Retail Advances Agri Advances MSME Advances Corporate Housing Loan Loan Against Property Auto Loan, Education Loan & Personal Loan 3449 3473 3274 38% 37% 37% 12914 12862 12313 8% 9% 8% 64437 65588 12% 13% 13% 59309 48074 49252
Slide 22: Business Performance: Gross and Net Advances
Business Performance Gross Advances Standard Gross Advances Corporate Retail Corporate Retail 169207 170390 156698 135092 136482 121104 96525 106839 107310 89759 100236 100540 60173 62368 63080 31345 34856 35942 Jun-21 Mar-22 Jun-22 Jun-21 Mar-22 Jun-22 Corporate : Retail (Ratio) Net Advances Corpor
Slide 23: Priority Sector
Priority Sector (Rs.Crore) Jun 21 Mar 22 Jun 22 Growth over Particulars Amount % of ANBC Amount % of ANBC Amount % of ANBC March-22 1 2 3 4 5 6 7 (8)=[(6)-(4)] ANBC 157737 152079 156638 Priority Sector Advances (a+b+c) 76108 48.25 67583 44.44 73674 47.03 6091 (a) Agriculture (i+ii+iii+iv) 28704 18.2
Slide 24: Treasury Operations
Treasury Operations | @)IDBI BANK] Pese2s
Slide 25: Investments
Investments (Rs.Crore) AFS BREAKUP Category Jun-21 Mar-22 Jun-22 4143 HTM 55623 61440 62765 AFS 21262 20451 24202 HFT 1858 1097 1255 2584 16902 Total 78743 82988 88222 Government securities 573 Shares (Equity& Preference) Debentures/ Bonds Modified Duration of AFS Portfolio CPs/CDs/MF/VCF/PTC'S,Secu
Slide 26: Asset Quality
Asset Quality | @)IDBI BANK] Peses
Slide 27: COVID-19 – Provision Details
COVID -19 – Provision Details (Rs.Crore) Particulars Jun-21 Mar-22 Jun-22 In QE March 2020 247 - - In QE June 2020 116 116 116 COVID Second Wave (Additional provision in QE March 2021) 500 - - COVID Restructuring 484 415 360 Total COVID 19 Provision held 1347 531 476 Contingency Provision on Std. Re
Slide 28: Asset Quality
Asset Quality PCR improved to 97.79% (Jun 2022) from 97.42% (Jun 2021) (Rs.Crore) Particulars Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Gross Advances 156698 157506 158717 169207 170390 Gross NPAs 35594 34408 34405 34115 33908 Gross NPAs as % of Gross Advances 22.71 21.85 21.68 20.16 19.90 Total Provisions
Slide 29: NPA Movement
NPA Movement (Rs.Crore) DESCRIPTION Q1 FY 22 Q2 FY 22 Q3 FY 22 Q4 FY 22 FY 22 Q1 FY 23 Opening Balance 36212 35594 34408 34405 36212 34115 Add: a. First Time NPA 1332 1438 1639 763 5172 964 - Corporate 100 652 1066 337 2155 443 - Retail 1232 786 573 426 3017 521 b. Increase in existing NPA 245 103 2
Slide 30: NCLT – Summary
NCLT – Summary (Rs.Crore) NCLT Admitted PCR % DA 3 and Loss DA 2, DA 1 & SSA TWO 47226 100% 100% 100% 100% 29754 30533 59 9425 7768 17913 RBI List 1 RBI List 2 Others Total RBI List 1 RBI List 2 Others Total Asset Class of NCLT Cases Filed But Not Admitted PCR% Filed By 11323 11323 100% 9486 78% 74%
Slide 31: SMA Position
SMA Position (Rs.Crore) SMA 0 SMA 1 SMA 2 7007 5024 4693 4505 4705 2700 2597 2367 2319 2290 2285 1940 1759 1582 1580 946 821 1015 1093 640 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Corporate Retail 5928 4141 3867 3284 3822 1079 883 826 1221 883 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 SMA includes NFB of Rs.427
Slide 32: Capital
Capital | @) IDBI BANK |
Slide 33: Capital Adequacy
Capital Adequacy (Rs.Crore) Particulars Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 CET 1+CCB (Rs.) 21044 21295 21359 25787 26349 AT 1 (Rs.) - - - - - Tier 1 Capital (Rs.) 21044 21295 21359 25787 26349 Tier 2 Capital (Rs.) 4004 3932 3953 3672 3760 Total Capital (Rs.) 25048 25227 25312 29459 30109 RWA (Rs.) 1
Slide 34: Shareholding Pattern
Shareholding Pattern (Rs.Crore) Jun 2021 Jun 2022 1.34% 3.94% 0.24% 5.04% 45.48% 45.48% 49.24% 49.24% LIC GOI FI/FPI/Banks/MF/Insurance Others LIC GOI FI/FPI/Banks/MF/Insurance Others Particulars Jun-21 Jun-22 Book Value (Rs. per share) Rs.29.01 Rs.31.63 Market Capitalisation Rs.40,752 Cr Rs.33,117
Slide 35: Digital Banking & Financial Inclusion
Digital Banking & Financial Inclusion Page 34
Slide 36: Digital Footprint
Digital Footprint Customer Induced Financial Transaction Analysis Jun 21 2.08% Jun-22 UPI 0.52% ATM Cash withdrawl 2.56% 2.08% Branch Manual Transactions 3.23%0.82% Debit Card 2.96% 3.88% 1.46% Branch Initiated Digital Transactions 4.59% 3.66% Internet Banking 4.86% 5.96% NACH 93% customer 95% custo
Slide 37: Digital Footprint for Q1 FY 2023
Digital Footprint for Q1 FY 2023 Internet Banking Users (In Lakhs) BHIM UPI Users (In Lakhs) Mobile Banking Users (In Lakhs) 54.06 40.96 132.16 36.00 43.04 123.02 Jun-21 Jun-22 Jun-21 Jun-22 Jun-21 Jun-22 Merchant Base (In Lakhs) UPI Transactions (In Crores) Payment Acceptance Channels 1% 11% 2% 2.2
Slide 38: Financial Inclusion
Financial Inclusion PMJDY ACCOUNTS Total PMJDY A/c (lakh) Aadhar Seeding under PMJDY 6.60 (Lakhs) 8.54 8.54 8.54 RuPaycards issued (Lakhs) 7.07 8.51 Sub Service Areas (Number) 490 8.49 Villages Covered (Number) 484 Jun, 2021 Sep, 2021 Dec, 2021 Mar, 2022 Jun, 2022 Transactions through Individual Bus
Slide 39: Financial Inclusion
Financial Inclusion MUDRA Yojana as on Jun 30, 2022 Sanction Outstanding (Rs.crore) 2386 1860 1375 869 102 54 Shishu (No. of A/c - 53893) Kishor (No. of A/c - 61406) Tarun (No. of A/c - 36952) Enrolment under Social security Scheme as on Jun 30, 2022 APY Subscription (in lakh) PMSBY Enrolments (in l
Slide 40: Subsidiaries
Subsidiaries | @) IDBI BANK |
Slide 41: Subsidiaries
Subsidiaries (Rs.crore) Income PAT RoA Net Worth Name of Company % Holding Line of Activity Q1 FY 2023 Q1 FY 2023 Q1 FY 2023 Q1 FY 2023 21.14 1.04 0.28% 330.56 IDBI Capital Market & Securities Ltd 100 Merchant Banking & Retail Broking (24.46) (4.50) (1.42%) (317.26) 32.53 2.03 1.73% 99.71 IDBI Intec
Slide 42: Way Forward
Way Forward [@)IDBI BANK] Pave
Slide 43: Looking Ahead: Focus Area
Looking Ahead : Focus Area Explore avenues to achieve business growth of 10% to 12% and maintain corporate to retail ratio at 40:60 Focus on maximising fee income and maintaining NIM above 3.25%. Target to maintain CASA ratio above 50% Credit cost and net slippages ratio to be below 1% and 2.5% resp
Slide 44: Thank You
THANK YOU www.idbibank.in = W@idbibank [FADBIBank © @idbibankofficial © CMVoulube/idbibank —[f\/idbibank By fet Free Nos 1800.209-4324 1 1800-22-1070.