Rbl Bank Ltd. · NSE:RBLBANK
Rbl Bank — Q3 FY25 Earnings Presentation
50 slides from Rbl Bank's earnings presentation, Jan 18, 2025
Slide 1: Exchange filing cover letter
January 18, 2025 BSE Limited, National Stock Exchange of India Limited, 1st Floor, Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G, Dalal Street, Bandra Kurla Complex, Bandra (E), Mumbai – 400001 Mumbai -400051 Script Code: 540065 Script Name: RBLBANK Reg: Disclosure under relevant provision
Slide 2: Investor Presentation Q3 FY25
Investor Presentation Q3 FY 25 January 18, 2025 1
Slide 3: Disclaimer
Disclaimer By attending the meeting / telephonic call where this presentation is made, or by reading the presentation materials, you agree to be bound by the following limitations: The information in this presentation has been prepared by RBL Bank Limited (the “Company”) for use in presentations by
Slide 4: Glossary and Key Notes
Glossary and Key Notes AEPS Aadhaar Enabled Payment System INR Indian Rupee Agri Agribusiness Banking IPO Initial Public Offering API Application Programming Interface MF Mutual Funds ATM Automated Teller Machine Mn Million BC Business Correspondent NFB Non Fund Based Bps Basis Points NIM Net Intere
Slide 5: Financial Results
Financial Results
Slide 6: Highlights for the Q3 FY25
Highlights for the Q3 FY25 • Net Interest Income (NII) for Q3 FY25 grew 3% YoY to Rs. 1,585 crore, NIM was 4.90% Operating performance • Other Income for Q3 FY25 grew 38% YoY to Rs. 1,073 crore • Operating Profit for Q3 FY25 grew 30% YoY to Rs. 997 crore • Net Profit was Rs. 33 crore for Q3 FY25 aft
Slide 7: Key Parameters
Key Parameters Deposits up 15% YoY to Advances up 13% YoY to 15.89 mn customers Scale Rs. 106,753 crore Rs. 90,412 crore across segments Retail Assets up 19% YoY; Comm. Banking up 21% Granular Deposits up 20% Growth Drivers Secured Retail up 38% YoY YoY YoY 15.4% CRAR Avg. LCR for Q3 FY25 at Balance
Slide 8: Important Metrics
Important Metrics… Advances Deposits Profitability 79,949 83,987 86,704 87,882 90,412 92,746 103,494 101,352 107,959 106,753 997 887 910 859 765 46,371 49,147 53,737 67,045 54,723 55,199 61,407 68,349 71,735 71,731 353 372 233 223 18,056 18,186 19,661 20,340 33,577 34,840 32,968 33,160 35,213 17,416
Slide 9: Key Ratios
Key Ratios Parameter Q3 23 Q4 23 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Yield on Advances 12.8% 13.5% 13.9% 14.0% 14.0% 14.1% 14.2% 13.5% 13.3% Cost of Deposits 5.5% 5.7% 6.1% 6.2% 6.3% 6.4% 6.5% 6.5% 6.6% Cost of Funds 5.6% 5.8% 6.1% 6.3% 6.5% 6.5% 6.6% 6.6% 6.6% Net Interest Margin 5.27% 5.62%
Slide 10: Advances and Deposits
Advances and Deposits
Slide 11: Well Diversified Advances; Growth led by Retail & Commercial Banking
Well Diversified Advances; Growth led by Retail & Commercial Banking Strong growth in Retail Advances; With focus on growing secured retail assets and commercial banking Retail : Wholesale mix of 61:39 Dec 2024 Dec 2023 YoY Sep 2024 QoQ Corporate Net Funded Advances 24,428 24,666 (1%) 23,395 4% Bank
Slide 12: Retail Advances grew 19% YoY
Retail Advances grew 19% YoY 46,371 49,147 53,737 54,723 55,199 5,877 11% 6,308 6,605 1,436 3% 2,347 1,467 1,721 1,458 2,599 5% 2,343 2,920 2,159 6% 2,221 1,631 4% 7,885 1,997 4% 6,696 7,447 14% 6,260 5,915 13% 8,161 8,182 8,837 9,859 18% 7,570 16% 7,511 7,253 6,971 6,532 12% 6,827 15% 3,888 3,988 3
Slide 13: Retail Disbursement (Excl. Cards)
Retail Disbursement (Excl. Cards); Increased focus to grow secured retail assets 5,958 6,163 4,152 4,248 4,723 548 829 14% 939 765 13% 326 244 5% 412 7% 101 143 660 14% 1,087 746 882 555 22% 12% 1,316 318 440 968 1,061 11% 719 1,224 22% 647 526 29% 732 1,357 33% 2,295 1,989 1,483 18% 1,085 846 Q3 FY
Slide 14: Deposits growth led by granular deposits
Deposits growth led by granular deposits; Accounting for > 50% of total deposits Total deposits grew by 15% YoY; CASA Ratio at 32.8% Dec 23 Sep 24 Dec 24 92,746 107,959 106,753 66% 66% 67% 19% 18% 19% 15% 15% 14% TD SA CA TD SA CA TD SA CA CASA Ratios Deposits < Rs. 3 crore LCR Position 33.8% 35.2%
Slide 15: Strong Core Fee Growth
Strong Core Fee Growth Other Income Core Fee Income Breakup 778 927 1073 2,167 2,806 729 822 871 2,047 2,461 4% 88% 3% 4% 26% 4% 4% 4% 3% 27% 22% 3% 29% 94% 6% 81% 23% 5% 6% 23% 89% 7% 7% 27% 22% 94% 19% 24% 30% 31% 32% 30% 34% 19% 12% 11% 11% 6% 6% 9% 11% 11% 10% Q3 FY24 Q2 FY25 Q3 FY25 9M FY24 9M
Slide 16: Operating Expenses Up 7% YoY
Operating Expenses Up 7% YoY 1,558 1,632 1,662 4,467 4,941 13% 10% 14% 12% 9% 14% 14% 7% 13% 12% 10% 8% 8% 5% 7% 34% 31% 33% 34% 36% 3% 3% 3% 4% 5% 3% 5% 5% 5% 5% 29% 27% 25% 26% 26% Q3 FY24 Q2 FY25 Q3 FY25 9M FY 24 9M FY 25 Employee Premises Depreciation Business Acquisition & Collections Payments
Slide 17: Asset Quality Snapshot
Asset Quality Snapshot Quarter Ended Dec 2023 Mar 2024 June 2024 Sep 2024 Dec 2024 Opening Balance 2,441 2,551 2,271 2,378 2,581 (+) Additions during the period 666 680 720 1,026 1,309 (-) Upgrade 100 91 66 101 109 (-) Recoveries 100 148 126 108 148 (-) Write Offs 356 721 420 613 932 Closing Balance
Slide 18: Asset Quality Trend
Asset Quality Trend NPA Position PCR 3.12% 89.3% 89.8% 90.0% 89.4% 93.5% 2.88% 2.92% 2.65% 2.69% 82.2% 75.1% 72.7% 73.1% 73.0% 0.80% 0.74% 0.74% 0.79% 0.53% 0.63% 0.51% 0.38% 0.32% 0.44% Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 PCR PCR incl. Twoff GNP
Slide 19: Credit Costs Trend
Credit Costs Trend Net Credit Cost by Business (bps)* 176 282 49 80 139 273 132 82 162 43 5 (0) (3) 1 0 8 6 5 2 6 Q3 FY24 Q2 FY25 Q3 FY25 9M FY24 9M FY25 • Not Annualized for the bank or at individual segment level for the quarter 18
Slide 20: Adequately Capitalised
Adequately Capitalised Total RWA 83,353 85,138 88,048 89,482 94,640 98,630 105,007 104,126 108,223 16.99% 16.92% 17.07% 16.68% 16.42% 16.18% 15.92% 15.56% 15.37% 15.49% 15.25% 15.05% 15.15% 14.58% 14.38% 14.19% 13.85% 13.68% 16,577 16,637 16,336 15,958 15,541 15,272 14,685 14,772 14,800 14,408 14,54
Slide 21: Diversified Shareholding & Strong Rating Profile
Diversified Shareholding & Strong Rating Profile Shareholding by category (%) Ratings 1.9 Instrument Rating ICRA AA- (Stable) 13.9 (Re-affirmed dated Aug 13, 2024) Basel III compliant Tier II bonds CARE AA- (Stable) 45.3 (Re-affirmed dated Sept 30, 13.4 2024) ICRA A1+ (Re-affirmed dated Aug 13, 2024
Slide 22: Our Growing, Multi-Layered Distribution Network
Our Growing, Multi-Layered Distribution Network Customers (Mn.) Locations Chandigarh 4 15.90 16.06 15.89 14.97 15.57 GIFT 58 2 city 16 New Delhi branch 2 19 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 24 Channel Breakup 15 1 6 Channels Number of transaction points 35 19 1 Dec 2023 Sep 2024 Dec 2024
Slide 23: Business Segment Update
Business Segment Update
Slide 24: Credit Card Update
Credit Card Update
Slide 25: Business Volumes
Growth & Market Share Source RBI Data Nov’23 Nov’24 RBL Industry RBL Industry 5.11 M 107.24 M CIF 4.94 M 96.00 M 3% 12% 6,803 Cr 1,69,705 Cr Spends* 6,803 Cr 1,61,035 Cr 0% 5% 17,493Cr# 2,88,997 Cr Advances 16,324Cr 2,44,668 Cr 7% 18% Business Volumes ₹ 17,236 Cr New A/cs 2.6 lacs CIF - 50.38 lacs S
Slide 26: Portfolio Trends
Portfolio Trends Cards in Force (Million) Acquisition (Million) 0.59 0.57 5.26 5.22 0.48 5.19 5.04 5.04 0.39 0.37 4.81 0.26 Q2'FY24 Q3'FY24 Q4'FY24 Q1'FY25 Q2'FY25 Q3'FY25 Q2'FY24 Q3'FY24 Q4'FY24 Q1'FY25 Q2'FY25 Q3'FY25 Gross Advances Breakup (Cr.) Total Spends (Cr.) 18,968 19,866 21,079 21,580 21,7
Slide 27: Portfolio Trends contd.
Portfolio Trends contd. Retail Spend# Consumer Loans 38,048 36,286 Amount (Cr) 35,292 34,594 33,928 28,142 29,767 765 928 874 746 660 714 16,086 17,342 15,768 16,539 15,464 12,827 13,568 2410 2549 2636 2671 2614 2535 Q1'FY24 Q2'FY24 Q3'FY24 Q4'FY24 Q1'FY25 Q2'FY25 Q3'FY25 Q2 FY'24 Q3 FY'24 Q4 FY'24
Slide 28: Cards-in-Force and New Sourcing
Customer Segment insights ($) Salaried : Self Employed (SE) mix City Tier Mix Age Group Mix CIBIL 6.87 Cards-in- Force As 0.003 0.81 1.18 1.05 on 31st Dec 2024 1.03 15% 7% 11% 20% 1.13 33% 33% 26% 19% 67% 0.01 58% 9% 0.97 65% 1.02 37% 0.99 0.02 0.97 Under 30 31-45 45+ LT680 681-730 731-770 Salaried
Slide 29: Segments and Credit Cards
Segments and Credit Cards Millennial Mass Affluent Co-Branded Affluent Segment Segment Segment Segment Cookies Platinum Maxima Plus IRCTC DMI Finance Indian Oil XTRA Indian Oil Insignia Monthly Fee: INR 100 Annual Fee: INR 2,500 Annual Fee: INR 500 Annual Fee: INR 499 Annual Fee: INR 1,500 Annual Fe
Slide 30: Co-Brand Partnership Update
Co- Brand Partnership Update Fintech Consumer NBFC Live for sourcing To be launched 29
Slide 31: JLG Update
JLG Update
Slide 32: Distribution Network
Distribution Network (2) (31) (6) 23 420 1,10,000 + (45) States and 1 UT Districts Villages (154) (25) (118) (247) (2) (58) (89) (40) (83) (16) (19) (116) JLG Branches Network 1,453 (77) (13) RBL Finserve 935 210 1,145 (5) Chhattisgarh (22) (12) (121) (2) Other BCs 221 87 308 (145) (27) Branches Ban
Slide 33: Portfolio Update
Portfolio Update AUM Disbursements Proportion of Disbursal covered by CGFMU 25% 43% 8,908 9,648 9,451 8,733 7,819 2002 2308 1489 1096 854 13% 12% 9% 11% 12% 1,105 1,190 1,121 1,018 906 8,458 8,330 87% 88% 91% 89% 88% 7,803 7,715 6,913 Dec 2023 March 2024 June 2024 Sep 2024 Dec 2024 Q3_FY24 Q4_FY24 Q
Slide 34: Improving Collection Efficiency & Reducing SMA Balances
Improving Collection Efficiency & Reducing SMA Balances MoM Collection Efficiency (%) 99.28% 99.64% 99.91% 99.64% 99.69% 99.19% 98.73% 98.40% 97.40% 97.51% 97.54% 97.63% Jan24 Feb24 Mar24 Apr24 May24 Jun24 Jul24 Aug24 Sep24 Oct24 Nov24 Dec24 SMA Bucket (Rs. Cr.) 616 SMA balances reducing in Dec 24 v
Slide 35: Digital Banking Update
Digital Banking Update
Slide 36: Our digital capabilities.. built to scale
Our digital capabilities.. built to scale… A unified digital platform offering - B2C, B2B, B2BC platform catering to customers across segments.. B2B B2B 2C Leverage our strong API Multi-pronged delivery leveraging ~9 Cr + 34 L capabilities our partnership base Total avg volume p.m. on payment Live •
Slide 37: Curated & Expansive Digital Interface
Curated & Expansive Digital Interface Retail Internet Banking Corporate & MSME Banking Revamped, Simplified and Futuristic Revamped, Simplified and Futuristic Net Banking Service Online & Mobility Service Partnership Banking Digital Onboarding, Account management RBL Buddy Your friend on and value-a
Slide 38: Continuous enhancements across digital channels
Continuous enhancements across digital channels… ✓ ✓ ✓ ✓ ‘Positive Pay’ service Re-KYC journey on Retail FD booking on Corporate Internet Banking for Customers ‘NPS’ as a Biller on available for corporate clients without any demographic Internet Banking for GIFT on BizBank (Corporate MoBank & Intern
Slide 39: ESG Update
ESG Update
Slide 40: ESG @ RBL - grow sustainably
ESG @ RBL - grow sustainably.. Sustainability continues to be at the core of what we do and make it an integral part of our business practices, including Risk Management practices Policy stipulation for managing Bank’s own Financial literacy: E&S footprint, and impact of lending as per • Bank runs f
Slide 41: Annexures
Annexures
Slide 42: Experienced Board of Directors
Experienced Board of Directors Mr. R Subramaniakumar Mr. Chandan Sinha Managing Director and CEO Non-Executive Independent Director (Part Time Chairman) A veteran banker with 40 years of experience; Previously, Previously, Executive Director, RBI. Career – Central Banker for 35 associated with PNB,
Slide 43: Leadership – Core Management Team
Leadership – Core Management Team Mr. R Subramaniakumar Mr. Rajeev Ahuja Managing Director and CEO Executive Director A veteran banker with 40 years of experience; Previously, associated with PNB, Indian Bank and Indian Overseas Bank Previously, associated with Citibank India, Bank of America, India
Slide 44: Leadership – Core Management Team (Contd.)
Leadership – Core Management Team (Contd.) Mr. Abhijit Somvanshi Mr. Ravi Pichan Head - Marketing, Communications & Customer Service Chief Information Officer Previously, associated with ICICI Bank, IL&FS, HSBC, and the Previously, associated with Larsen & Toubro Infotech, Capgemini, Daiwa Group Bar
Slide 45: Profit & Loss Statement
Profit & Loss Statement Particulars Q3 FY25 Q3 FY24 Q2 FY25 9M FY 25 9M FY 24 Income Interest Earned 3,536 3,191 3,531 10,563 9,055 Interest Expended 1,951 1,646 1,916 5,663 4,612 Net Interest Income 1,585 1,546 1,615 4,900 4,443 Other Income 1,073 778 927 2,806 2,167 Total Income 2,658 2,323 2,542
Slide 46: Balance Sheet
Balance Sheet Particulars Dec 2024 Sep 2024 Dec 2023 Liabilities Capital 608 608 603 Reserves and Surplus 14,908 14,859 13,789 Deposits 1,06,753 1,07,959 92,746 Borrowings 12,791 14,679 14,800 Other Liabilities 5,840 5,782 5,209 Total 1,40,900 1,43,885 1,27,146 Assets Cash & Balances with RBI 9,282
Slide 47: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Particulars Q3 FY25 Q3 FY24 Q2 FY25 9M FY 25 9M FY 24 Income Interest Earned 3,537 3,191 3,531 10,565 9,055 Interest Expended 1,951 1,645 1,916 5,664 4,611 Net Interest Income 1,585 1,547 1,615 4,901 4,444 Other Income 1,074 777 928 2,777 2,184 Total Income 2,659
Slide 48: Consolidated Balance Sheet
Consolidated Balance Sheet Particulars Dec 2024 Sep 2024 Dec 2023 Liabilities Capital 608 608 603 Reserves and Surplus 14,952 14,888 13,818 Deposits 1,06,746 1,07,952 92,683 Borrowings 12,793 14,680 14,801 Other Liabilities 5,832 5,776 5,211 Total 1,40,931 1,43,904 1,27,116 Assets Goodwill on Consol
Slide 49: Historical Performance
Historical Performance Particulars FY 14 FY 15 FY 16 FY 17 FY 18 FY19 FY20 FY21 FY22 FY23 FY24 9MFY25 Net Worth 2,012 2,224 2,960 4,242 6,544 7,336 10,290 12,254 12,006 12,996 14,206 14,795 Deposits 11,599 17,099 24,349 34,588 43,902 58,394 57,812 73,121 79,007 84,887 103,494 1,06,753 Advances (Net)
Slide 50: Thank you
Thank you apno ka bank | RBL Bank 49