Slide 1: Exchange cover letter
SEC/354/2023 October 20, 2023 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, Press Release and Presentation to I
Slide 2: Press Release: Highlights
PRESS RELEASE CSB Bank Financial Results for the Quarter and Half Year Ended September, 30, 2023 The Board of Directors of CSB Bank took on record the financial results for the quarter (Q2 FY24) and half year ended 30.09.2023(H1 FY 24) which were subject to limited review in their meeting held on 20
Slide 3: Performance Highlights
Performance Highlights: QoQ (Rs Crore) Q2FY24 Q2FY23 Inc/Dec% Q1FY24 % 6M FY 24 6M FY 23 Inc/Dec% Growth Interest Income 687.35 555.18 24% 683.49 1% 1,370.84 1,091.11 26% Interest Expense 343.65 230.21 49% 319.48 8% 663.13 455.45 46% Net Interest Income 343.70 324.97 6% 364.01 -6% 707.71 635.66 11%
Slide 4: About CSB Bank Limited
About CSB Bank Limited: We are one of the oldest private sector banks in India with an existence of over 100 years. While our Bank has a long operating history as a traditional bank, we are currently focusing on implementing strategic changes in business model to function efficiently like a full ser
Slide 5: Q2-FY24 | September 2023
» CSB Bank S an Trusted Heritage Smart Future INVESTOR PRESENTATION Q2-FY24 | September 2023
Slide 6: Company Overview
Company Business Digital Earnings Strategy Overview Overview Penetration 7 Bancassurance *734 Branches and Presence in 16 Tie ups with 546 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 47,
Slide 7: Key metrics snapshot
Company Business Digital Earnings Strategy Overview Overview Penetration PAT NII RoA* NIM EPS* Profitability Rs 133 Cr Rs. 344 Cr 1.73 % 4.84 % Rs 30.45 ↑ 29%↑ QoQ 10%↑YoY 5% YoY ↑8% QoQ ↑ YoY ↑ 6% 15% YoY ↑8%↓QoQ ↑ 15% 14 bps YoY YoY ↑8% ↓QoQ ↑YoY 76 bps 15% YoY ↑ Rs 2.88 YoY Deposits Gross Advance
Slide 8: Profitability: Operating Profit and Net Profit
Company Business Digital Earnings Strategy Overview Overview Penetration Profitability Amt in Cr Operating Profit QoQ Net Profit QoQ 193 202 156 156 181 175 132 133 157 121 Q2 FY23 Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 Q2 FY23 Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 Operating Profit YoY Net Profit YoY 356 265 324
Slide 9: NPA Provision: Prudential Provisioning Policy
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 67 Doubtful Assets Secured 25% 50% (Up to one year
Slide 10: Branch Distribution, CASA, Gold Loans
Company Business Digital Earnings Strategy Overview Overview Penetration Branch Distribution CASA Gold Loans % distribution 4% 1% 7% 9% 13% State Sep-22 Sep-23 15% KERALA 43% 37% TAMIL NADU 19% 17% 8% ANDHRA 9% 11% Q2 Q2 MAHARASHTRA 10% 10% 14% FY 34% 1(1) FY 10(3) 2(1) KARNATAKA 7% 6% 24 24 OTHERS
Slide 11: Share Holding Pattern
Company Business Digital Earnings Strategy Overview Overview Penetration Share Holding Pattern % of Share Holding No of No of Shares Held Category % of Holding FIHM - promoter & Promoter Shareholders (in Mio) 49.72% Group 28.42% FIHM - promoter & Promoter Group 1 86.26 49.72% SBI Mutual Funds SBI Mu
Slide 12: Solid CRAR & Adequate Liquidity
Company Business Digital Earnings Strategy Overview Overview Penetration Solid CRAR & Adequate Liquidity – Our Strength Amt in Cr Capital Adequacy Ratio RWA to Total Assets 27.10% 25.99% 25.14% 25.78% 43.06% 23.96% 41.57% 40.74% 40.12% 25.87% 38.47% 23.63% 24.27% 24.80% 22.56% Q2 FY23 Q3 FY23 Q4 FY2
Slide 13: Deposits, CASA Ratio, Gross Advances
Company Business Digital Earnings Strategy Overview Overview Penetration Total Deposits (Amt in Cr) CASA Ratio Gross Advances (Amt in Cr) 21% 34.27% 32.18% 27% 31.44% 30.84% 29.28% 22,468 25438 20,842 21,307 24506 24475 22664 18,651 20987 Q2 FY23 Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY 24 17,661 17990 15,538
Slide 14: Cost of Deposits and Yield on Advances
Company Business Digital Earnings Strategy Overview Overview Penetration Cost of Deposits (QoQ) Cost of Deposits (YoY) 6.88% 6.50% 6.32% 5.93% 6.21% 6.43% 5.41% 5.12% 5.18% 5.24% Term Deposits 4.85% 5.00% 5.22% 5.91% 5.32% 5.11% 4.18% 4.30% 4.39% 4.14% Total Deposits 2.89% 2.93% 2.93% 2.88% 3.90% 2.
Slide 15: Gross Advance Mix
Company Business Digital Earnings Strategy Overview Overview Penetration Gross Advance Mix (Amt in Cr) Q2 FY 23 Q2 FY 24 8029 Gold Loans 10619 32% 11% 5284 Corporate Loans 11% 6162 17% 14% 15% 45% 47% 2407 Retail Loans 3310 38% 30% 27% 1941 SME Loans 2377 22% Retail Loans includes 37% agri,13% MFI,
Slide 16: Gold Loan – Our DNA
Company Business Digital Strategy Earnings Overview Overview Penetration Gold Loan – Our DNA (Amt in Cr) Portfolio Movements (Gross) Portfolio Quality Tonnage 24.85 32% YoY 6% QoQ 16% Yield LTV 21.40 10,619 10,065 9,694 8,774 11.70% 81% Q2 FY23 Q2 FY24 8,029 No of Accounts (in Lakhs) 7.13 0.34% 24.8
Slide 17: Investments
Company Business Digital Earnings Strategy Overview Overview Penetration Investments (Amt in Cr) Net Investments 5734 5504 5849 5751 6692 66 486 433 512 206 5545 6626 5249 5070 5337 HTM 71.90% Q2 FY23 Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY 24 AFS 25.94% SLR Investment Non SLR Investment HFT 2.16% QoQ Yield o
Slide 18: 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 2.98% NBFCs 9.25% Food Processing 1.80% HFC 4.97% 18% Infrastructure 0.89% Construction 0.78% Wholesale & Retail Tra
Slide 19: 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 95% of SME advances are 9% 3% 97% of Corporate advances 3% 2% rated as Low/Medium risk are externally rated of categories whi
Slide 20: Profit & Loss Account - Q2 FY
Company Business Digital Earnings Strategy Overview Overview Penetration Profit & Loss Account - Q2 FY 24 Amt in Cr Q1 FY24 Q2 FY24 QoQ Q2 FY23 YoY Q1 FY24 Q2 FY24 QoQ Q2 FY23 YoY Interest Income 683.5 687.3 1% 555.2 24% Operating Profit 181.4 174.6 -4% 157.4 11% 319.5 343.6 230.2 Provision for NPA
Slide 21: Profit & Loss Account - H1 FY
Company Business Digital Earnings Strategy Overview Overview Penetration Profit & Loss Account - H1 FY 24 Amt in Cr H1 FY 23 H1 FY24 YoY YoY% H1 FY 23 H1 FY24 YoY YoY% Interest Income 1091.1 1370.8 279.72 26% Operating Profit 312.1 356.1 43.98 14% Provision for NPA -9.9 -4.6 5.30 Interest Expense 45
Slide 22: Balance Sheet – Q2 FY
Company Business Digital Earnings Strategy Overview Overview Penetration Balance Sheet – Q2 FY 24 Amt in Cr 30-09-2022 30-09-2023 YoY (%) 30-06-2023 QoQ (%) Liabilities Capital 173.5 173.5 0% 173.5 0% Reserves & Surplus 2715.2 3299.3 22% 3164.0 4% Deposits 20986.6 25438.4 21% 24475.5 4% Of Which CAS
Slide 23: Asset Quality
Company Business Digital Earnings Strategy Overview Overview Penetration Asset Quality Amt in Cr QoQ movement Security Receipts Q2 FY23 Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 Gross NPA Movement Q2 Q3 Q4 Q1 Q2 (3 months) (3 months) (3 months) (3 months) (3 months) FY23 FY23 FY23 FY24 FY24 Opening Balance of
Slide 24: Profitability Ratios: NII, NIM, Non-interest Income
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 364 5.80% 16.56% 17.76% 5.60% 15.10% 350 348 5.38% 5.40% 13.18% 344 4.84% 7.49% 325 Q2 FY23 Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 Q2
Slide 25: Profitability Ratios: Opex, Credit Cost, RoA
Company Business Digital Earnings Strategy Overview Overview Penetration Profitability Ratios Opex to Average assets Credit Cost RoA QoQ QoQ 0.07% QoQ 2.37% 2.23% 3.80% 3.84% 4.11% 4.12% Q2 FY23 Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 1.87% 1.79% 1.73% 3.32% -0.21% -0.15% -0.35% -0.37% Q2 FY23 Q3 FY23 Q4 FY
Slide 26: Asset Quality Ratios
Company Business Digital Earnings Strategy Overview Overview Penetration Asset Quality Ratios Amt in Cr QoQ QoQ 1.65% 0.57% 1.45% 0.42% 1.26% 1.27% 1.27% 0.35% 0.32% 0.33% 291 99 285 78 72 68 72 271 271 263 Q2 FY23 Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY 24 Q2 FY23 Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY 24 YoY YoY 2.6
Slide 27: Provision Coverage, Slippage, Recovery
Company Business Digital Earnings Strategy Overview Overview Penetration Profitability Ratios Provision Coverage Ratio Slippage Ratio Recovery Rate QoQ 91.93% 92.11% 92.54% 91.75% QoQ QoQ 90.14% 1.04% 1.02% 14.67% 74.96% 74.54% 14.28% 14.57% 71.37% 72.65% 0.76% 0.63% 11.20% 0.60% 8.81% 66.03% Q2 FY2
Slide 28: Share Holders Return & Risk Ratios: EPS
Company Business Digital Earnings Strategy Overview Overview Penetration Share Holders Return & Risk Ratios EPS (in Rs) Net NPA to Networth QoQ QoQ 35.66 36.55 30.57 30.45 3.72% 27.57 2.76% 2.42% 2.19% 2.24% Q2 FY23 Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 Q2 FY23 Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 YoY YoY 30.5
Slide 29: RoE and Book Value per Share
Company Business Digital Earnings Strategy Overview Overview Penetration Share Holders Return & Risk Ratios RoE Book Value per Share (in Rs) QoQ QoQ 22.64% 21.96% 176 184 191 18.44% 158 167 17.50% 16.69% Q2 FY23 Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 Q2 FY23 Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 YoY YoY 17.84% 1
Slide 30: Efficiency Ratios: Business and Profit per Employee
Company Business Digital Earnings Strategy Overview Overview Penetration Efficiency Ratios Business per Employee (In Cr) Profit per Employee (in Lakhs) QoQ QoQ 7.27 9.04 9.81 9.15 6.74 6.79 7.81 7.57 6.63 6.49 Q2 FY23 Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 Q2 FY23 Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 YoY YoY 8.
Slide 31: Efficiency Ratios: Staff Cost, Cost to Income
Company Business Digital Earnings Strategy Overview Overview Penetration Efficiency Ratios Staff Cost to Total Income Cost to Income Ratio QoQ QoQ 22.24% 21.88% 64.52% 21.15% 21.03% 62.63% 20.10% 57.46% 56.00% 57.48% Q2 FY23 Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 Q2 FY23 Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 YoY
Slide 32: Digital Touch Points
Company Business Digital Earnings Strategy Overview Overview Penetration Digital Touch Points 5.12 lacs+ 1,370+ Installations 8.53 lacs + Debit Cards Net Banking users 8,400+ QR 2.52 lacs+ 545 ATM 5.00 lacs+ Mobile Installations ePassbook Downloads Network Banking Users CSB Bank Investor Presentatio
Slide 33: Channel Transactions: Digital vs Branch
Company Business Digital Earnings Strategy Overview Overview Penetration Channel Transactions Digital vs Branch No of Transactions 561.88 (in lakhs) 498.03 H1 FY23 H1 FY24 404.36 Mobile Banking 9.07 8.40 334.21 Internet Banking 8.58 7.07 Debit Cards 52.51 48.38 UPI 334.21 498.03 52.51 54.62 48.38 48
Slide 34: SBS 2030 - Segmented Product Offerings
Company Business Digital Earnings Strategy Overview Overview Penetration SBS 2030- Building brick by brick for the future Segmented Product Offerings CSB Bank Investor Presentation Q2 FY24 30
Slide 35: Thank You!
THANK YOU !
Slide 36: Disclaimer
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 Bank. No informa