Bank Of Baroda · NSE:BANKBARODA
Bank Of Baroda — Q2 FY2021 Earnings Presentation
37 slides from Bank Of Baroda's earnings presentation, Oct 29, 2020
Slide 1: Performance Analysis Q2FY2021
Performance PerformanceAnalysis Analysis Q3 Q2FY FY2020 2021 Jan 24, 2020
Slide 2: Major Highlights
Major Highlights © 2020 Bank of Baroda. All Rights Reserved Page | 2
Slide 3: Major Highlights – Q2FY21
Major Highlights – Q2FY21 Business Details (Rs crore) Growth drivers Sep 30, 2019 Sep 30, 2020 YOY Domestic CASA Ratio up by Fee Income 8,94,130 9,54,340 6.73 YOY growth : 4% Total Deposits 190 bps QOQ growth : 22% CASA Deposits* 2,96,792 3,32,493 12.03 1438 1,384 39.78% 39.49% Retail term deposits*
Slide 4: Financial Performance
Financial Performance © 2020 Bank of Baroda. All Rights Reserved Page | 4
Slide 5: Key Ratios
Key Ratios Cost of Deposits NIM Domestic Domestic Global International 2.95% 2.96% 2.88% 2.76% 2.63% 5.41% 5.25% 5.20% 4.95% 4.42% 5.02% 4.86% 4.76% 4.48% 3.99% Sep'19 Dec'19 Mar'20 Jun'20 Sep'20 2.19% 1.96% 1.77% International 1.35% 0.97% 1.51% 1.43% 1.26% 1.21% 1.28% Sep'19 Dec'19 Mar'20 Jun'20 Se
Slide 6: Operating Performance
Operating Performance Particulars Q2 FY 20 Q1 FY 21 Q2 FY 21 YOY (%) H1 FY 20 H1 FY 21 YOY (%) (INR crore) Interest on advances 13,891 13,079 12,838 -7.58 27,241 25,917 -4.86 Interest on investments 4,419 4,515 4,257 -3.67 9,065 8,771 -3.23 Other Interest income 965 900 823 -14.73 1,912 1,723 -9.89
Slide 7: Non-Interest Income
Non-Interest Income Particulars Q2 FY 20 Q1 FY 21 Q2 FY 21 YOY (%) H1 FY 20 H1 FY 21 YOY (%) (INR crore) Commission, Exchange, 608 493 669 10.1 1,223 1,163 -4.9 Brokerage Incidental Charges 231 176 233 0.9 419 409 -2.4 Other Miscellaneous Income 292 199 303 3.8 560 503 -10.2 Forex Income 253 309 232
Slide 8: Operating Expenses
Operating Expenses Particulars Q2 FY 20 Q1 FY 21 Q2 FY 21 YOY (%) H1 FY 20 H1 FY 21 YOY (%) (INR crore) Employee Cost 2,281 2,242 2,550 11.81 4,221 4,792 13.53 of which: Salaries 1,731 1,841 1,744 0.75 3,434 3,585 4.40 Provisions for employees 550 401 806 46.54 787 1,207 53.37 Other Operating Expens
Slide 9: Profit Position
Profit Position Particulars Q2 FY 20 Q1 FY 21 Q2 FY 21 YOY (%) H1 FY 20 H1 FY 21 YOY (%) (INR crore) Operating Profit 5,336 4,320 5,552 4.04 9,612 9872 2.70 Total Provisions 4,209 5,628 3002 -28.69 7,494 8629 15.15 of which Provision for NPA & Bad 3,425 3,458 2277 -33.52 6,594 5735 -13.03 Debts Writ
Slide 10: Business Performance
Business Performance © 2020 Bank of Baroda. All Rights Reserved Page | 10
Slide 11: Deposits
Deposits Particulars % share in Domestic Deposits in Sep’ 20 Sep’19 Jun’20 Sep’20 YOY (%) (INR crore) Savings Domestic CASA Deposits 2,96,792 3,21,229 3,32,493 12.03 Deposits 34% Domestic Saving 2,51,851 2,73,604 2,80,388 11.33 Deposits Term Domestic Current deposits 44,940 47,625 52,104 15.94 Depos
Slide 12: Advances
Advances Particulars Sep’19 Jun’20 Sep’20 YOY (%) % share in Gross Domestic Credit in Sep’ 20 (INR crore) Agriculture Others (incl Retail* 95,832 107,084 1,11,944 16.81 15.5% LABOD & Staff loans) Home Loans* 66,837 72,428 75,626 13.15 3.5% Auto Loans* 13,196 16,772 17,783 34.75 Corporate Education L
Slide 13: Risk profile- Post Amalgamation
Risk profile- Post Amalgamation As on 01.04.2019 As on 31.03.2020 As on 30.09.2020 6% 1% 0% 17% 16% 17% 11% 11% 8% 69% 71% 72% Above 725 701-725 Up to 700 -1 Above 725 701-725 Up to 700 -1 Above 725 701-725 Up to 700 -1 *Based on Amt. *CIBIL scores (V1) as on 01.04.2019 have been converted into corr
Slide 14: Rating Profile
Rating Profile 59% 63% 66% 73% 12% 12% 11% 14% 7% 11% 6% 11% 15% 11% 14% 14% Sep'19 Jun'20 Sep'20 Incremental Sep-19-Sep 20 A & Above BBB Below BBB Unrated *External Rating Distribution of Domestic Advances above INR 5 Crore © 2020 Bank of Baroda. All Rights Reserved Page | 14
Slide 15: Industry-wise Exposure
Industry-wise Exposure Sep ’19 Jun ’20 Sep ’20 Particulars (INR crore) Outstanding %share Outstanding %share Outstanding %share Infrastructure of which 66,961 11.71% 63,525 10.33% 64,646 10.68% 1. Power 36,588 6.40% 32,176 5.23% 31,122 5.14% 2. Telecom 11,653 2.04% 11,740 1.91% 9,424 1.56% 3. Roads
Slide 16: Segment wise breakup and Ratings of NBFC Standard exposure
Segment wise breakup and Ratings of NBFC Standard exposure Rating Profile of Standard NBFCs Exposure NBFC standard exposure at Rs 92,142 crore Particulars Jun’20 Sep’20 Exposure Exposure % % Share (INR cr) (INR cr) Share 27.34% 28.17% 32.75% Pvt others AAA 62,933 58.17 51,141 55.50 Backed by Large P
Slide 17: Treasury operations
Treasury operations Particulars • Domestic investment book comprises of 57.43% in HTM; Sep ’19 Jun ’20 Sep ’20 (INR crore) 42.38% in AFS and 0.19% in HFT. Domestic 2,54,785 2,62,307 2,56,715 • The percentage of SLR Securities to NDTL at Sept 30, 2020 was Investments at 23.91% as against 24.46% at Ju
Slide 18: Financial Inclusion
Financial Inclusion Total Financial Inclusion Accounts Balance /Avg Balance in FI accounts (in Lakh) 566 Zero Balance Accounts (%) 18731 20029 15999 9.4% 7.9% 512 5.4% 500 3200 3658 3539 Sep'19 Mar '20 Sep'20 Sep'19 Mar' 20 Sep'20 Balance in Financial Inclusion Accounts (in INR Crore) Market Share o
Slide 19: Asset Quality
Asset Quality © 2020 Bank of Baroda. All Rights Reserved Page | 19
Slide 20: Movement in NPAs
Movement in NPAs Particulars Q2 FY 20 Q1 FY 21 Q2 FY 21 (INR crore) A. Opening Balance 69,714 69,381 69,132 B. Additions 7,259 3,002 1,520 Based on Hon’ble Out of which, Fresh Slippages 6,001 2,740 899 Supreme Court of India interim order, C. Reductions 7,004 3,251 4,954 Bank has not Recovery 2,099
Slide 21: Sectoral & Industry wise Contribution of Fresh slippages
Sectoral & Industry wise Contribution of Fresh slippages Particulars Sep ’19 Jun ’20 Sep ’20 (INR crore) Corporate 3,376 165 30 SMA1 and SMA 2 5.46 MSME 1,258 308 168 4.27 Retail 516 88 56 Agriculture 704 44 46 Others 18 14 6 Total 5,872 619 305 Domestic Sep-19 Sep-20 International 129 2121 594 SMA
Slide 22: Exposure to NCLT accounts
Exposure to NCLT accounts 51593 99.57% 98.54% 34849 92.91% 91.68% 91.21% 4883 6002 5860 NCLT 1 List NCLT 2 List Accounts filed Accounts filed Total NCLT 1 List NCLT 2 List Accounts filed Accounts filed Total by BOB at by other banks by BOB at by other banks NCLT at NCLT NCLT at NCLT Exposure in INR
Slide 23: Interest Accrual Performance in Loan Book
Interest Accrual Performance in Loan Book Pre-covid Interest recovery efficiency Post-covid Interest recovery efficiency Booked Interest Booked Interest Earned Earned 91% 95% Booked Interest deferred Booked 9% Interest deferred 5% Interest recovery of accounts under Moratorium is at 87% and excludin
Slide 24: Capital Adequacy & Shareholding
Capital Adequacy & Shareholding © 2020 Bank of Baroda. All Rights Reserved Page | 24
Slide 25: Capital Adequacy
Capital Adequacy 13.48% 13.30% Tier II 12.98% 12.84% 13.26% 2.03% AT-1 2.07% 2.59% 2.51% 2.51% Tier I 1.07% 1.60% CET-1 1.27% 1.25% 1.54% 10.71% 11.45% 10.33% 10.75% 9.84% 10.91% 9.85% 9.44% 9.08% 9.21% Sep'19 Dec'19 Mar'20 Jun'20 Sep'20 Sep ’20 Sep ’20 Particulars (INR crore) Sep ’19 Jun ’20 Sep ’2
Slide 26: New channels gaining traction
New channels gaining traction 1 2 Supply Chain Finance Business Momentum Baroda DigiNext Cash Management Average CASA and deposits SCF Outstanding (INR crore) (INR in '000 crore) 1 1,978 SCF outstanding 8.60 7.15 FY20 8.51 increased by 58% 1,524 1,473 1,493 5.86 YoY as ofSep 1,255 FY21 1,169 4.62 20
Slide 27: Digital Footprint
Digital Footprint Recent Initiatives 22X 110% • UPI integration for PM SVANidhi for on-boarding NETC (F) txns Road Side Retailers and UPI Outward (F) txns Street Vendors as (YOY growth) (YOY growth) merchants. Market share of 10% in sanctions. 153% 105% • New version of Baroda Connect - FEBA (F) Txn
Slide 28: Awards and Accolades
Awards and Accolades EASE : Bank of Baroda ranks first in EASE 2.0 ranking and bags 5 awards from Indian Banks’ Association Bank of Baroda bags the `Best Performing Bank,’ by Indians Banks’ Association along with four awards across four other categories – Most Responsible Bank Top performer in `Deep
Slide 29: Strategic Initiatives
Strategic Initiatives © 2020 Bank of Baroda. All Rights Reserved Page | 29
Slide 30: Strategic Initiatives
Strategic Initiatives • TAB Banking: Paperless account opening for 85% eligible accounts through TAB Banking. • M-Connect: Mobile Application revamped and Mobile platform to drive customer engagement. Bank has Digital Account registered a growth rate of 44% and 52% in mobile registrations and activa
Slide 31: Strategic Initiatives
Strategic Initiatives • Bank is focusing on co-location/ merger of nearby branches post amalgamation. So far 1129 branches co-located and all e-VB branches (2128) and e-DB (3) branches migrated Cost / • Bank is looking at extending its customer footprint through Business Correspondent (BC) model fro
Slide 32: Consolidated Financials
Consolidated Financials © 2020 Bank of Baroda. All Rights Reserved Page | 32
Slide 33: Subsidiaries and JVs performance
Subsidiaries and JVs performance IndiaFirst Life Insurance Company Ltd (Rs crore) Baroda Global Shared Services Ltd (Rs crore) India Infradebt (Rs crore) H1FY20 H1FY21 YoY H1FY20 H1FY21 YoY H1FY20 H1FY21 YoY Revenue from Net premium income 1409.9 1604.9 44.2 Net Interest income 126.93 142.18 12.01%
Slide 34: Business Performance-Overseas Subsidiaries & JV
Business Performance-Overseas Subsidiaries & JV INR Crores Bank of Baroda (Kenya) Ltd. Bank of Baroda (UK) Ltd. Bank of Baroda (Uganda) Ltd. Parameters H1 FY20 H1 FY21 YoY(%) Parameters H1 FY20 H1 FY21 YoY(%) Parameters H1 FY20 H1 FY21 YoY(%) Total Deposits 2,498 2,920 16.89% Total Deposits 7,505 8,
Slide 35: Balance Sheet and PL– Consolidated
Balance Sheet and PL– Consolidated Particulars Particulars Sep ’19 Jun ’20 Sep ’20 Q2FY 20 Q2 FY 21 YOY (%) (INR crore) (INR crore) CAPITAL & LIABILITIES Net Interest Income 7,466 8,040 7.69 Capital 771 925 925 Share Application Money Non Interest Income 3,228 3,017 -6.54 Pending Allotment 7,000 Res
Slide 36: 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 37: Thank You
Thank You © 2020 Bank of Baroda. All Rights Reserved Page | 37