Bank Of Maharashtra · NSE:MAHABANK
Bank Of Maharashtra — Q3 FY2024 Earnings Presentation
41 slides from Bank Of Maharashtra's earnings presentation, Jan 16, 2024
Slide 1: Letter to Stock Exchanges: Investor Presentation
AX1/ISD/STEX/109/2023-24 Date: 16th January, 2024 The General Manager The Vice President Department of Corporate Services, Listing Department, BSE Ltd., National Stock Exchange of India Ltd., P.J Towers, Exchange Plaza, Dalal Street, Fort, Bandra Kurla Complex, Mumbai-400 001 Bandra (East), Mumbai-4
Slide 2: Financial Results for Quarter/Nine-Months Ended 31st December 2023
Digital Home Loan Concept Card - 1 FINANCIAL RESULTS For Quarter/ Nine-Months Ended, 31st December, 2023 www.bankofmaharashtra.in /mahabank
Slide 3: Contents
Contents Page 1. Macro Economy Highlights 3-4 2. Major Highlights 5 3. Business Performance 6-8 4. Financial Performance 9 – 22 5 Asset Quality 23 - 29 6. Capital 30 - 31 7. Digital Banking 32 - 34 8. Financial Inclusion 35 9. Expanding Footprints 36 10. Other Information 37 - 39 2 www.bankofmaharas
Slide 4: Macro Economy Highlights
Macro Economy Highlights Stock Index POSITIVE 80,000 72,240 As per National Statistical Office (NSO), growth in real GDP is estimated at 7.3% 70,000 60,000 for 2023-24 as compared to 7.2% in 2022-23. 50,000 41,254 The index of industrial production (IIP) grown by 6.4% during Apr-Nov`23 40,000 48
Slide 5: Macro Economy Highlights
Macro Economy Highlights Sensex rose to new level of 72240 index points as on 31st Dec, 2023. Bank CHALLENGES nifty also reached to 48292 index points showing Investor Confidence in The Term deposit growth is comparatively quite higher than CASA Indian Economy. growth resulting challenge in reta
Slide 6: Major Highlights (Y-o-Y)
Major Business Financial Asset Quality Capital Highlights Performance Performance (Y-o-Y) (Q: Dec` 23 vis-à-vis Q: Dec` 22) Net Profit Operating Profit Cost to Income % NIM % Return on Assets Increased by Increased by 33.61 % 27.32 % 36.04 (39.69) 3.95 (3.60) 1.55 (1.30) Total Business Total Deposit
Slide 7: Business Performance: Total Business
Major Highlights Business Financial Asset Quality Capital Performance Performance Total Business ( ₹ in Crore ) Last 5 Quarters 18.89% (Y-o-Y) (%) 5,00,000 86.00 4,34,404 4,20,041 4,22,420 4,09,202 4,00,000 81.00 3,65,398 3,00,000 76.00 2,00,000 71.00 1,00,000 66.00 - 61.00 Dec`22 Mar`23 Jun`23 Sept
Slide 8: Business Performance: CASA Deposit and Gross Advances
Major Highlights Business Financial Asset Quality Capital Performance Performance CASA Deposit Gross Advances ( ₹ in Crore ) Last 5 Quarters 12.70% (Y-o-Y) (%) ( ₹ in Crore ) Last 5 Quarters 20.20% (Y-o-Y) (%) 1,50,000 2,00,000 1,88,670 62 1,83,122 59 1,75,120 1,75,676 1,24,961 1,24,547 1,23,322 61
Slide 9: Business Performance: Investments
Major Highlights Business Financial Asset Quality Capital Performance Performance Investments ( ₹ in Crore ) (Quarterly) 80,000 72,379 70,490 68,116 69,215 67,006 60,000 40,000 20,000 0 Dec`22 Mar`23 Jun`23 Sept`23 Dec`23 HTM 50,149 51,844 51,883 53,045 50,222 AFS 17,967 17,371 20,496 16,942 16,784
Slide 10: Financial Performance: Profitability
Major Highlights Business Financial Asset Quality Capital Performance Performance Profitability ( ₹ in Crore ) Operating Profit 27.32% (Y-o-Y) (Quarterly) ( ₹ in Crore ) Net Profit 33.61% (Y-o-Y) (Quarterly) 2,500 1,250 2,012 1,036 1,855 1,863 1,920 920 2,000 1,000 882 840 1,580 775 1,462 1,500 750
Slide 11: Financial Performance: Profitability (NII and NIM)
Major Highlights Business Financial Asset Quality Capital Performance Performance Profitability ( ₹ in Crore ) Net Interest Income (Quarterly) (Quarterly) 24.56% (Y-o-Y) (%) NIM % 3,000 4.2 2,432 2,466 3.89 3.95 2,340 3.86 2,400 2,187 3.9 3.78 1,887 1,980 3.55 3.60 1,800 1,612 1,686 1,527 3.6 3.28 1
Slide 12: Statement of Income and Expenditure
Major Highlights Business Financial Asset Quality Capital Performance Performance Statement of Income and Expenditure ( ₹ in Crore ) Quarter Ended Nine Months Ended Year Ended Particulars Dec`22 Sept`23 Dec`23 Y-o-Y (%) Dec`22 Dec`23 Y-o-Y (%) Mar`23 Total Income 4,770 5,736 5,851 23 12,861 17,004 3
Slide 13: Interest Earnings
Major Highlights Business Financial Asset Quality Capital Performance Performance Interest Earnings ( ₹ in Crore ) 6,000 (Quarterly) ( ₹ in Crore ) (9 Months) 18,000 5,171 5,068 15,028 5,000 4,789 15,000 4,495 4,129 4,000 3,815 11,403 12,000 3,426 3,457 3,282 9,593 8,689 8,771 3,000 9,000 2,000 6,00
Slide 14: Non-Interest Income
Major Highlights Business Financial Asset Quality Capital Performance Performance Non-Interest Income ( ₹ in Crore ) Quarter Ended Nine Months Ended Year Ended Particulars Dec`22 Sept`23 Dec`23 Y-o-Y (%) Dec`22 Dec`23 Y-o-Y (%) Mar`23 Comm. from Advances 129 175 160 24 369 485 31 545 Other Commissio
Slide 15: Interest Expenses
Major Highlights Business Financial Asset Quality Capital Performance Performance Interest Expenses ( ₹ in Crore ) 3,000 (Quarterly) ( ₹ in Crore ) (9 Months) 9,000 2,706 2,636 7,791 2,449 2,400 2,308 7,200 2,149 1,928 5,849 1,814 1,772 5,433 1,755 5,256 1,800 5,400 5,161 1,200 3,600 600 1,800 0 0 D
Slide 16: Operating Expenses
Major Highlights Business Financial Asset Quality Capital Performance Performance Operating Expenses ( ₹ in Crore ) (Quarterly) ( ₹ in Crore ) (9 Months) 3,418 1,250 3,500 1,179 1,154 1,134 1,105 1,040 2,894 2,768 976 2,800 1,000 955 927 2,486 801 2,262 750 2,100 500 1,400 250 700 0 0 Dec`21 Mar`22
Slide 17: Other Operating Expenses
Major Highlights Business Financial Asset Quality Capital Performance Performance Other Operating Expenses ( ₹ in Crore ) Quarter Ended Nine Months Ended Year Ended Particulars Dec`22 Sept`23 Dec`23 Y-o-Y (%) Dec`22 Dec`23 Y-o-Y (%) Mar`23 Rent, Taxes & Lighting 60 70 71 18 182 206 13 248 Printing &
Slide 18: Provisions & Contingencies
Major Highlights Business Financial Asset Quality Capital Performance Performance Provisions & Contingencies ( ₹ in Crore ) Quarter Ended Nine Months Ended Year Ended Particulars Dec`22 Sept`23 Dec`23 Dec`22 Dec`23 Mar`23 Provision for Non Performing 539 597 581 1,708 1,717 2,253 Assets Provision fo
Slide 19: Key Financial Ratios
Major Highlights Business Financial Asset Quality Capital Performance Performance Key Financial Ratios Quarterly Cost of Deposits (%) Cost of Funds (%) Cost to Income (%) 45.63 4.43 4.05 44.76 4.29 3.93 4.06 3.70 3.61 3.62 39.99 39.69 3.95 38.82 3.81 38.34 38.04 3.69 3.27 3.32 3.31 37.23 3.61 3.54 3
Slide 20: Key Financial Ratios
Major Highlights Business Financial Asset Quality Capital Performance Performance Key Financial Ratios Quarterly Yield on Advances (%) Yield on Funds (%) Yield on Investments (%) 7.75 6.57 8.93 9.01 7.56 8.62 7.24 6.37 6.36 8.49 7.05 6.34 8.28 6.94 6.20 6.16 6.18 7.81 6.55 6.27 6.04 7.33 7.43 6.12 6
Slide 21: Key Financial Ratios
Major Highlights Business Financial Asset Quality Capital Performance Performance Key Financial Ratios Quarterly Return on Assets (%) Return on Equity (%) 1.55 26.32 24.41 23.73 24.51 1.33 1.37 23.25 1.30 1.32 18.32 16.75 0.92 0.81 13.49 13.96 0.60 0.65 Dec`21 Mar`22 Jun`22 Sept`22 Dec`22 Mar`23 Jun
Slide 22: Assets & Liabilities – An Overview
Major Highlights Business Financial Asset Quality Capital Performance Performance Assets & Liabilities – An Overview ( ₹ in Crore ) Assets Dec`22 Mar`23 Sept`23 Dec`23 Cash & Balance with RBI 17,862 18,508 14,221 13,512 Balances with Bank & Call Money 51 21 543 5,224 Total Investments (Net of Deprec
Slide 23: Credit Portfolio – Balanced Loan Growth
Major Highlights Business Financial Asset Quality Capital Performance Performance ( ₹ in Crore ) Credit Portfolio – Balanced Loan Growth ( ₹ in Crore ) Growth RETAIL CREDIT Particulars Dec`22 Sept`23 Dec`23 (Y-o-Y) % Particulars Dec`22 Sept`23 Dec`23 Growth (Y-o-Y) % Gross Advances 1,56,962 1,83,122
Slide 24: Funded Exposure to Selected Sectors & Industries
Major Highlights Business Financial Asset Capital Performance Performance Quality Funded exposure to selected sectors & industries with total exposure (more than 1%) – December` 23 Vehicle Loans 1.18% Chemicals & Chemical Products 1.21% Top 3 selected sectors are Transport Operators 1.25% Infrastruc
Slide 25: External Rating-wise Advances – Above 25 Cr
Major Highlights Business Financial Asset Capital Performance Performance Quality External Rating-wise Advances – Above 25 Cr ( ₹ in Crore ) Dec`22 Sept`23 Dec`23 Particulars No. of % of O/s No. of % of O/s No. of % of O/s O/s Amount O/s Amount O/s Amount Borrowers Amount Borrowers Amount Borrowers
Slide 26: Asset Quality
Major Highlights Business Financial Asset Capital Performance Performance Quality Asset Quality ( ₹ in Crore ) Dec`22 Mar`23 Jun`23 Sept`23 Dec`23 Particulars % of Gross % of Gross % of Gross % of Gross % of Gross Amount Amount Adv. Adv. Amount Adv. Amount Adv. Amount Adv. Standard 1,52,350 97.06 1,
Slide 27: Gross & Net NPA, Provision Coverage Ratio
Major Highlights Business Financial Asset Capital Performance Performance Quality Gross & Net NPA (%) Provisions Coverage Ratio (%) 4.73 97.18 98.28 98.37 98.40 98.40 3.94 94.79 95.04 96.06 3.74 93.77 3.40 2.94 2.47 90.44 90.20 90.30 90.05 2.28 2.19 2.04 84.95 1.24 80.76 0.97 0.88 0.68 76.43 76.86 0
Slide 28: Movement of NPA and Sector-wise Credit Deployment
Major Highlights Business Financial Asset Capital Performance Performance Quality Movement of NPA ( ₹ in Crore ) Sector-wise Credit Deployment & NPA ( ₹ in Crore ) Last 5 Quarters Dec`22 Sept`23 Dec`23 Particulars Particulars Sector Sector Sector Sector Sector Sector Dec`22 Mar`23 Jun`23 Sept`23 Dec
Slide 29: Retail and MSME Sector NPA
Major Highlights Business Financial Asset Capital Performance Performance Quality Retail Sector - NPA ( ₹ in Crore ) Dec`22 Sept`23 Dec`23 Particulars Retail Sector NPA % Sector Sector Sector Sector Sector Advances Sector NPA Advances Advances NPA % NPA NPA % NPA NPA % 1.31 Total Retail Credit 40,31
Slide 30: Restructuring of Advances
Major Highlights Business Financial Asset Capital Performance Performance Quality Restructuring of Advances ( ₹ in Crore ) Sector-wise COVID Restructuring under RP 1.0 as on 31.12.2023 RP Invoked RP Implemented Balance (as on 31.12.22) RP Implemented Balance (as on 30.09.23) RP Implemented Balance (
Slide 31: Capital Adequacy
Business Financial Major Highlights Performance Performance Asset Quality Capital Capital Adequacy (%) 20 Particulars Dec`22 Sept`23 Dec`23 18.14 18.07 17.53 17.61 18 16.71 16.85 16.48 16.15 RWA for Credit Risk 88,745 1,03,825 1,11,491 16 14.85 14.25 14.36 13.47 13.72 14 12.89 12.92 RWA for Market R
Slide 32: Equity Holding & Ratios
Business Financial Major Highlights Performance Performance Asset Quality Capital Equity Holding(%) & Ratios Quarterly Domestic Particulars Dec`22 Mar`23 Jun`23 Sept`23 Dec`23 Companies, 0.63% Individuals, 7.53% Mutual funds/ UTI, 0.41% No. of Shares (in crore) 673.05 673.05 708.14 708.14 708.14 FII
Slide 33: New Initiatives in Digital Banking
Products, Financial Expanding Digital Banking Inclusion Footprints ESG Initiatives Services & Awards New Initiatives in Digital Banking Internet Banking • Payment of Credit Card dues Mobile Banking • CIF based consolidated statement WhatsApp Banking • e-FD and e-RD • Open PPF Account • Reduced Benef
Slide 34: New Initiatives in Information Technology
Products, Financial Expanding Digital Banking Inclusion Footprints ESG Initiatives Services & Awards New Initiatives in Information Technology To enhance Core Technology Infra • Bank has established its own private cloud ‘NAKSHAT R A’ enabling real-time allocation of infra resources for deployment o
Slide 35: Digital Footprints
Products, Financial Expanding Digital Banking Inclusion Footprints ESG Initiatives Services & Awards Digital Footprints Digital transaction (%) Whats App Onboarding (Mio.) QR Merchant Onboarding (Mio.) 97.66 0.75 0.65 1.23 97.27 0.57 1.09 1.10 1.11 96.92 96.96 0.43 1.05 96.66 0.31 Dec`22 Mar`23 Jun`
Slide 36: Financial Inclusion (in Lakhs)
Financial Products, Expanding Digital Banking ESG Initiatives Services & Inclusion Footprints Awards Financial Inclusion (in Lakhs) No. of PMJDY Accounts No. of policies issued under Pradhan Mantri Suraksha Bima Yojana 77.23 64.68 64.95 74.1 74.41 55.24 71.65 47.35 70.46 42.24 Dec`22 Mar`23 Jun`23 S
Slide 37: Expanding Footprints
Expanding Products, Financial Digital Banking ESG Initiatives Services & Inclusion Footprints Awards No. of Branches Category Dec`22 Mar`23 Jun`23 Sept`23 Dec`23 Metro 501 518 545 563 586 Urban 448 477 490 508 522 Semi Urban 573 602 621 661 684 Rural 606 606 607 609 609 Total Branches 2,128 2,203 2,
Slide 38: ESG Initiatives: Green Finance, E-Waste & Tree Plantation
Products, Digital Banking Financial Expanding ESG Services & Inclusion Footprints Initiatives Awards •Maha Super Green Housing Loan Scheme - Green Building Green Finance •Maha Super Green Car Loan Scheme - E Vehicle •Concession in RoI 0.10% to 0.50% E-Waste & •E-waste collected ~89000 KGS; recycled
Slide 39: Products, Services & Awards
Products, Financial Expanding Digital Banking Inclusion Footprints ESG Initiatives Services & Awards 38 www.bankofmaharashtra.in /mahabank
Slide 40: Awards
Products, Financial Expanding Digital Banking Inclusion Footprints ESG Initiatives Services & Awards National MSME Best Public Sector Awards 2022 CA CFO – Large Bank Award – at the hands of Corporate – BFSI FE India’s Best Hon'ble Prime awarded by ICAI for Banks Awards'23 Minister, Shri FY 2022-23.
Slide 41: Thank You!
Digital Home Loan Concept Card - 1 Thank Y u! Scan here to download MAHA MOBILE PLUS 40 www.bankofmaharashtra.in /mahabank
Bank of Maharashtra — Q3 FY2024 Earnings Presentation on 6ix