Bank Of Baroda · NSE:BANKBARODA
Bank Of Baroda — Q3 FY2021 Earnings Presentation
35 slides from Bank Of Baroda's earnings presentation, Jan 27, 2021
Slide 1: Performance Analysis Q3 FY2021
Performance PerformanceAnalysis Analysis Q3 Q3FY FY2020 2021 Jan 24, 2020
Slide 2: Major Highlights
Major Highlights © 2021 Bank of Baroda. All Rights Reserved Page | 2
Slide 3: Major Highlights – Q3FY21
Major Highlights – Q3FY21 Business Details (Rs crore) Growth drivers Dec 31, 2019 Dec 31, 2020 YOY Domestic CASA Ratio Cost to Income Ratio Total Deposits 8,96,162 9,54,561 6.52 YOY growth of 240 bps 41.2% CASA Deposits* 3,03,795 3,43,937 13.21 QOQ growth of 140 bps 48.2% 39.8% Retail term deposits*
Slide 4: Financial Performance
Financial Performance © 2021 Bank of Baroda. All Rights Reserved Page | 4
Slide 5: Key Ratios
Key Ratios Cost of Deposits NIM Domestic Domestic Global International 2.96% 3.07% 2.88% 2.76% 2.63% 5.25% 5.20% 4.95% 4.42% 4.27% 4.86% 4.76% 4.48% 3.99% 3.85% Dec'19 Mar'20 Jun'20 Sep'20 Dec'20 1.96% 1.77% International 1.35% 0.97% 0.81% 1.51% 1.43% 1.21% 1.28% Dec'19 Mar'20 Jun'20 Sep'20 Dec'20 Y
Slide 6: Operating Performance
Operating Performance Particulars Q3 FY 20 Q2 FY 21 Q3 FY 21 YOY (%) 9M FY 20 9M FY 21 YOY (%) (INR crore) Interest on advances 13,583 12,838 12,756 -6.09 40,824 38,674 -5.27 Interest on investments 4,569 4,257 4,172 -8.69 13,634 12,944 -5.06 Other Interest income 919 823 840 -8.60 2,828 2,563 -9.35
Slide 7: Non-Interest Income
Non-Interest Income Particulars Q3 FY 20 Q2 FY 21 Q3 FY 21 YOY (%) 9M FY 20 9M FY 21 YOY (%) (INR crore) Commission, Exchange, 652 669 643 -1.39 1,874 1,806 -3.68 Brokerage Incidental Charges 284 233 224 -20.95 703 634 -9.85 Other Miscellaneous Income 384 303 285 -25.72 951 786 -17.31 Forex Income 2
Slide 8: Operating Expenses
Operating Expenses Particulars Q3 FY 20 Q2 FY 21 Q3 FY 21 YOY (%) 9M FY 20 9M FY 21 YOY (%) (INR crore) Employee Cost 2,594 2,550 2,800 7.95 6,815 7,592 11.41 of which: Salaries 2,023 1,744 1,802 -10.94 5,457 5,386 -1.30 62.44 Provisions for employees 571 806 999 74.89 1,358 2,206 Other Operating Ex
Slide 9: Profit Position
Profit Position Particulars Q3 FY 20 Q2 FY 21 Q3 FY 21 YOY (%) 9M FY 20 9M FY 21 YOY (%) (INR crore) Operating Profit 4,958 5,552 5,591 12.77 14,571 15,462 6.12 Total Provisions 7,155 3,002 3,957 -44.70 14,649 12,586 -14.08 of which Provision for NPA & Bad 6,621 2,277 2,080 -68.58 13,214 7,815 -40.8
Slide 10: Business Performance
Business Performance © 2021 Bank of Baroda. All Rights Reserved Page | 10
Slide 11: Deposits
Deposits Particulars % share in Domestic Deposits in Dec’ 20 Dec’19 Sep’20 Dec’20 YOY (%) (INR crore) Savings Domestic CASA Deposits 3,03,795 3,32,493 3,43,937 13.21 Deposits 34% Domestic Saving 2,55,994 2,80,388 2,87,393 12.27 Deposits Term Domestic Current deposits 47,801 52,104 56,544 18.29 59% D
Slide 12: Advances
Advances Particulars Dec’19 Sep’20 Dec’20 YOY (%) % share in Gross Domestic Credit in Dec’ 20 (INR crore) Agriculture Others (incl Retail* 1,01,995 1,11,944 1,16,046 13.78 LABOD & 15.2% Staff loans) Home Loans* 75,626 77,314 11.99 3.3% 69,035 Auto Loans* 17,783 19,399 22.56 15,828 5,592 5,619 9.77 E
Slide 13: Risk profile- improving
Risk profile- improving As on 01.04.2019 As on 31.03.2020 As on 31.12.2020 6% 1% 2% 17% 14% 17% 11% 11% 8% 69% 71% 73% 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 correspondin
Slide 14: Rating Profile
Rating Profile 58% 60% 63% 70% 13% 12% 12% 8% 16% 12% 6% 11% 13% 14% 16% 17% Dec'19 Sep'20 Dec'20 Incremental Dec 19-Dec 20 A & Above BBB Below BBB Unrated Out of the total unrated segment of 16% as of Dec 2020, 12% is to private sector and 4% to the government sector *External Rating Distribution o
Slide 15: Industry-wise outstanding
Industry-wise outstanding Dec ’19 Sep ’20 Dec ’20 Particulars (INR crore) Outstanding %share Outstanding %share Outstanding %share Infrastructure of which 62,333 10.66 64,646 10.68 70,797 11.18 1. Power 32,199 5.51 31,122 5.14 33,192 5.24 2. Telecom 9,360 1.60 9,424 1.56 12,891 2.04 3. Roads & Ports
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 99,760 crore Particulars Dec’19 Sep’20 Dec’20 Exposure Exposure % Exposure % Share % Share (INR cr) (INR cr) Share (INR cr) 28.17% 26.90% 31.40% Pvt others AAA 46,505 47.
Slide 17: Treasury operations
Treasury operations Particulars • Domestic investment book comprises of 56.40 % in HTM; 43.50 Dec ’19 Sep ’20 Dec ’20 (INR crore) % in AFS and 0.10 % in HFT. Domestic Investments 2,56,157 2,56,715 2,57,900 • The percentage of SLR Securities to NDTL at Dec 31, 2020 was at 23.83 % as against 23.91 % a
Slide 18: Financial Inclusion
Financial Inclusion Total Financial Inclusion Accounts Balance /Avg Balance in FI accounts (in Lakh) Zero Balance Accounts (%) 578 21055 18731 16921 9.0% 7.9% 512 5.4% 508 3658 3643 3337 Dec'19 Mar '20 Dec'20 Dec'19 Mar' 20 Dec'20 Balance in Financial Inclusion Accounts (in INR Crore) Market Share o
Slide 19: Asset Quality
Asset Quality © 2021 Bank of Baroda. All Rights Reserved Page | 19
Slide 20: Movement of NPAs
Movement of NPAs Particulars Q3 FY 20 Q2 FY 21 Q3 FY 21 9M FY 20 9M FY 21 (INR crore) A. Opening Balance 69,969 69,132 65,698 69,924 69,381 B. Additions 11,820 1,520 4,560 23,330 8,201 Out of which, Fresh Slippages 10,387 899 3,986 20,296 7,053 C. Reductions 8,649 4,954 7,076 20,115 14,401 Recovery
Slide 21: Sectoral Contribution of Fresh slippages
Sectoral Contribution of Fresh slippages Particulars SMA1 and SMA 2 (%) Dec ’19 Sep ’20 Dec ’20 (INR crore) Corporate 5149 30 0 4.41 MSME 911 168 0 2.88 2.33 Retail 482 56 0 Agriculture 559 46 0 Dec-19 Sep-20 Dec-20 Others 23 6 0 SMA1 and SMA2 as a per cent of Standard advances. Accounts with exposu
Slide 22: Restructuring of Advances under Covid-19
Restructuring of Advances under Covid-19 Restructuring of Advances (INR crore) 9501 • The total Restructuring advances stands at 1.39% 1,185 of standard advances. 567 • Out of the total Restructuring, INR 1,079 crore has been implemented as of December 31, 2020. (It is 0.16% of standard advances.) R
Slide 23: Exposure to NCLT accounts
Exposure to NCLT accounts 50626 99.57% 98.33% 34459 92.87% 91.57% 90.11% 4879 5237 6051 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 24: Capital Adequacy
Capital Adequacy © 2021 Bank of Baroda. All Rights Reserved Page | 24
Slide 25: Capital Adequacy
Capital Adequacy 13.48% 13.30% 13.26% 12.93% Tier II 12.84% 2.03% AT-1 2.59% 2.51% 2.51% 2.36% Tier I 1.60% CET-1 1.27% 1.25% 1.54% 1.59% 11.45% 10.71% 10.33% 10.75% 10.57% 9.85% 9.44% 9.08% 9.21% 8.98% Dec'19 Mar'20 Jun'20 Sep'20 Dec'20 Dec ’20 Dec ’20 Particulars (INR crore) Dec ’19 Sep ’20 Dec ’2
Slide 26: New channels gaining traction
New channels gaining traction 1 2 Baroda DigiNext Cash Management Wealth Management and Supply Chain 1 Finance (SCF) Business Momentum Average CASA and deposits Baroda DigiNext Wealth Management Products income net fee income (INR in '000 crore) 137 (INR crore) 122 increased by more than 110 % 9.02
Slide 27: Strategic Initiatives
Strategic Initiatives © 2021 Bank of Baroda. All Rights Reserved Page | 27
Slide 28: Digital Footprint
Digital Footprint Recent Initiatives • Micro Personal loans 278% 83% available through digital channel is showing traction NETC (F) txns UPI Outward (F) txns in short span. (YOY growth) (YOY growth) • Whatsapp Banking Launched – First public 98% sector bank to offer this 151% service. Merchant Mobil
Slide 29: IT Integration Process Completed
IT Integration Process Completed Rationalization Migration of 2,128 eVB and 1,770 eDB branches completed successfully 1300 1100 43 + + Admin offices Branches ATMs 5.04 crore customer accounts migrated in the process Positions of 3500+ superannuating employees occupied by redeployment of All ATMs, PO
Slide 30: Consolidated Financials
Consolidated Financials © 2021 Bank of Baroda. All Rights Reserved Page | 30
Slide 31: 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) 9MFY20 9MFY21 YoY 9MFY20 9MFY21 YoY 9MFY20 9MFY21 YoY Revenue from 24.10 33.10 37.34% Net Interest income 195.06 226.96 16.35% Net premium income
Slide 32: Business Performance-Overseas Subsidiaries & JV
Business Performance-Overseas Subsidiaries & JV INR Crore Bank of Baroda (Kenya) Ltd. Bank of Baroda (UK) Ltd. Bank of Baroda (Uganda) Ltd. Parameters 9M FY20 9M FY21 YoY(%) Parameters 9M FY20 9M FY21 YoY(%) Parameters 9M FY20 9M FY21 YoY(%) Total Deposits 2,606 3,015 15.71% Total Deposits 7,695 8,8
Slide 33: Balance Sheet and PL– Consolidated
Balance Sheet and PL– Consolidated Particulars Particulars Dec ’19 Sep ’20 Dec ’20 Q3FY 20 Q3 FY 21 YOY (%) (INR crore) (INR crore) CAPITAL & LIABILITIES Net Interest Income 7,676 8,508 10.84 Capital 925 925 925 Share Application Money Non Interest Income 3,144 3,156 0.38 0 Pending Allotment 0 Reser
Slide 34: 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 35: Thank You
Thank You © 2021 Bank of Baroda. All Rights Reserved Page | 35