Idfc First Bank Ltd. · NSE:IDFCFIRSTB
Idfc First Bank — Q2 FY21 Earnings Presentation
79 slides from Idfc First Bank's earnings presentation, Oct 31, 2020
Slide 1: Exchange filing cover letter: Investor Presentation Q2 FY21
~ IDFC FIRST ~ Bank IDFCFIRSTBANK/SD/210/2020-21 October 31, 2020 The Manager-Listing Department The Manager-Listing Department National Stock Exchange of India Limited BSE Limited Exchange Plaza Phiroze Jeejeebhoy Towers Bandra Kurla Complex, Bandra (East) Dalal Street, Fort Mumbai 400 051. Mumbai
Slide 2: Corporate Presentation – Q2 FY21
Corporate Presentation – Q2 FY21
Slide 3: Disclaimer
Disclaimer This presentation has been prepared by and is the sole responsibility of IDFC FIRST Bank (together with its subsidiaries, referred to as the “Company”). By accessing this presentation, you are agreeing to be bound by the trailing restrictions. This presentation does not constitute or form
Slide 4: Results at a glance: Strong Strides across all the Strategic Priorities
Results at a glance: IDFC FIRST Bank: Strong Strides across all the Strategic Priorities We are happy to report that we are making strong progress on the guidance given at the time of merger. 1. Strong Growth in Retail Assets: • Retail Book increased 25% YoY to Rs. 59,860 crore as on Sept 30, 2020 f
Slide 5: Results at a glance: Strong growth in Core Earnings
Results at a glance: IDFC FIRST Bank: Strong Strides across all the Strategic Priorities 3. Strong growth in Core Earnings: a. Strong NII Growth: NII grew by 22% YOY from Rs. 1,363 crore in Q2 FY20 from Rs. 1,626 crore to Rs. 1,660 crore in Q2 FY21 b. Strong NIM improvement: NIM improved to 4.57% in
Slide 6: Results Update: Asset Quality of the Bank remains high
Results Update: IDFC FIRST Bank: Strong Strides across all the Strategic Priorities 4. Asset Quality of the Bank remains high • Bank’s Gross NPA reduced sequentially from 1.99% as of June 30, 2020 to 1.62% as of Sept 30, 2020. • Bank Net NPA reduced sequentially from 0.51% as of June 30, 2020 to 0.4
Slide 7: Results Update: Capital Adequacy and Franchise
Results Update: IDFC FIRST Bank: Strong Strides across all the Strategic Priorities 5. Strong Capital Adequacy: • Capital Adequacy Ratio is strong at 14.73% with CET-1 Ratio at 14.33% as of Sept 30, 2020. 6. Franchise: • The Branch Network now stands at 523 branches and 509 ATMs across the country a
Slide 8: Table of Contents
8 SECTION 1: THE FOUNDING OF IDFC FIRST BANK 13 SECTION 2: VISION & MISSION OF IDFC FIRST BANK Table 16 SECTION 3: PRODUCT OFFERING of 19 SECTION 4: FINANCIAL PERFORMANCES Contents 48 SECTION 5: DIRECTORS & SHAREHOLDERS 53 SECTION 6: STRATEGY GOING FORWARD FOR THE COMBINED ENTITY 58 SECTION 7: CAPIT
Slide 9: Section 1: The Founding of IDFC FIRST Bank
SECTION 1: The Founding of IDFC FIRST Bank • Events Leading to Merger – ✓ Erstwhile IDFC Bank - Origin & History ✓ Erstwhile Capital First - Origin & History ✓ Merger between Erstwhile IDFC Bank and Erstwhile Capital First
Slide 10: IDFC FIRST Bank was founded by the merger of Erstwhile IDFC Bank and Capital First
Section 1: The Founding of IDFC FIRST Bank.. IDFC FIRST Bank was founded by the merger of Erstwhile IDFC Bank and Erstwhile Capital First on December 18, 2018. 9
Slide 11: The Founding of IDFC FIRST Bank: Erstwhile IDFC Bank and Capital First
Section 1: The Founding of IDFC FIRST Bank.. Erstwhile IDFC BANK Erstwhile CAPITAL FIRST LIMITED IDFC Limited was set up in 1997 to finance infrastructure focusing Mr Vaidyanathan who had built ICICI Bank’s Retail Banking business primarily on project finance and mobilization of capital for private
Slide 12: The Founding of IDFC FIRST Bank (continued)
Section 1: The Founding of IDFC FIRST Bank.. Erstwhile IDFC BANK Erstwhile CAPITAL FIRST LIMITED Continued from page 6 Continued from page 6 The bank was launched through this demerger from IDFC Limited in .. Between March 31, 2010 to March 31, 2018, the Company’s Retail November 2015. During the su
Slide 13: The Founding of IDFC FIRST Bank: merger terms
Section 1: The Founding of IDFC FIRST Bank.. In January 2018, Erstwhile IDFC Bank and Erstwhile Capital First announced a merger. Shareholders of Erstwhile Capital First were to be issued 13.9 shares of the merged entity for every 1 share of Erstwhile Capital First. Thus, IDFC FIRST Bank was founded
Slide 14: Table of Contents
8 SECTION 1: THE FOUNDING OF IDFC FIRST BANK 13 SECTION 2: VISION & MISSION OF IDFC FIRST BANK 16 SECTION 3: PRODUCT OFFERING 19 SECTION 4: FINANCIAL PERFORMANCES 48 SECTION 5: DIRECTORS & SHAREHOLDERS 53 SECTION 6: STRATEGY GOING FORWARD FOR THE COMBINED ENTITY 58 SECTION 7: CAPITAL FIRST STRATEGY,
Slide 15: Key excerpts from MD & CEO’s Letter - Annual Report 2018-19
Section 2: Key excerpts from MD & CEO’s Letter - Annual Report 2018-19 Theme of inaugural Annual Report after merger AR 18-19: “A New Beginning” Our founding philosophy: Strategy for the Bank: “ ” V Vaidyanathan, MD & CEO, IDFC FIRST Bank 14
Slide 16: Key excerpts from MD & CEO’s Letter - Annual Report 2019-20
Section 2: Key excerpts from MD & CEO’s Letter - Annual Report 2019-20 Theme of 2nd Annual Report after merger: AR 19-20: “Building a Strong Foundation“ 15
Slide 17: Table of Contents
8 SECTION 1: THE FOUNDING OF IDFC FIRST BANK 13 SECTION 2: VISION & MISSION OF IDFC FIRST BANK 16 SECTION 3: PRODUCT OFFERING 19 SECTION 4: FINANCIAL PERFORMANCES 48 SECTION 5: DIRECTORS & SHAREHOLDERS 53 SECTION 6: STRATEGY GOING FORWARD FOR THE COMBINED ENTITY 58 SECTION 7: CAPITAL FIRST STRATEGY,
Slide 18: Product Offering (Assets) – a bouquet of loan products
Section 3: Product Offering (Assets) – IDFC FIRST Bank offers a bouquet of loan products.. .. across varied customer segments including MSMEs and Consumers in different parts of India Loan Against Property: Business Loans: Consumer Durable Loans: Two Wheeler Loans: Home Loans: Unsecured Loans to the
Slide 19: Product Offerings – Liabilities, Payments and other Services
Section 3: Product Offerings – Liabilities, Payments and other Services IDFC FIRST Bank provides wide range of Deposit facilities along with Wealth Management, Forex Services, Cash Management Services and Insurance services to its customers across different segments. Wealth Management Services, Paym
Slide 20: Table of Contents
8 SECTION 1: THE FOUNDING OF IDFC FIRST BANK 13 SECTION 2: VISION & MISSION OF IDFC FIRST BANK 16 SECTION 3: PRODUCT OFFERING 19 SECTION 4: FINANCIAL PERFORMANCES 48 SECTION 5: DIRECTORS & SHAREHOLDERS 53 SECTION 6: STRATEGY GOING FORWARD FOR THE COMBINED ENTITY 58 SECTION 7: CAPITAL FIRST STRATEGY,
Slide 21: Section 4: Financial Performance of the Bank for Q2 FY21
SECTION 4: FINANCIAL PERFORMANCE OF THE BANK FOR Q2 FY21 • Assets Update • Update on Liabilities • Key Business & Financial Parameters ✓ COVID-19 Impact ✓ Income Statement ✓ Balance Sheet ✓ Capital Adequacy
Slide 22: Retail loans as a % of total loans has improved to 63%
Section 4: Retail loans as a % of total loans has improved to 63% (including PSL buyouts). The Bank has strong capabilities on financing consumers, MSMEs, small businesses and other retail loans which is a large opportunity in India. We have strong incremental margin, and the portfolio is diversifie
Slide 23: Retail Funded Assets has grown consistently over the quarters
Section 4: Retail Funded Assets has grown consistently over the quarters. • The retail loan book of erstwhile Capital First sustainably grew at CAGR of 35% over last 5 years and CAGR All amounts are in Rs. crore unless specified of 96% over last 8 years since 2010 to reach Rs. 30,000 crore from Rs.
Slide 24: Wholesale loan Assets have steadily reduced over the quarters
Section 4: Wholesale loan Assets have steadily reduced over the quarters. • Erstwhile IDFC Bank had a large corporate and infrastructure loan book of Rs. 54,084 crore whereas erstwhile Capital First had a small wholesale loan book of Rs. 3,053 crore as of Sep,2018. • Post merger, the Bank has gradua
Slide 25: Infrastructure Loan Book has been reduced by 27% YOY
Section 4: As per stated strategy at merger, the Infrastructure Loan Book has been reduced by 27% YOY. All amounts are in Rs. crore unless specified 22,710 21,459 20,322 17,211 15,601 14,840 13,416 12,502 Dec-18 Mar-19 Jun-19 Sep-19 Dec-19 Mar-20 Jun-20 Sep-20 24
Slide 26: Total Funded Assets Breakup
Section 4: Total Funded Assets Breakup Growth% Growth% In Rs. Crore Sep-19 Dec-19 Mar-20 Jun-20 Sep-20 (YoY) (QoQ) Mortgage Loans 16,929 19,023 20,314 20,288 22,034 30% 9% Consumer Loans 17,159 19,152 19,971 19,211 20,205 18% 5% MSME Loans 8,491 9,559 10,338 9,775 10,676 26% 9% Rural Micro Finance a
Slide 27: Exposure to Top Borrowers as a % of Total Funded Assets
Section 4: Exposure to Top 10 Borrowers as a % of Total Funded Assets has been reduced to 7% from 12.8% to reduce balance sheet risks 12.81% 9.80% 9.10% 8.26% 7.38% 7.18% 7.34% 7.07% 31 Dec 18 31 Mar 19 30 Jun 19 30 Sep 19 31 Dec 19 31 Mar 20 30 Jun 20 30 Sep 20 *INVIT IRB Fund of 474 Cr excluded fr
Slide 28: Bank maintains strong overall Asset Quality
Section 4: Bank maintains strong overall Asset Quality, Retail Asset quality remains high In Rs. Crore Sep-19 Dec-19 Mar-20 Jun-20 Sep-20 GNPL 2,306 2,511 2,280 1,742 1,486 Provisions for GNPL 1,294 1,440 1,471 1,305 1,095 NNPL 1,012 1,071 809 437 391 GNPA (%) 2.62% 2.83% 2.60% 1.99% 1.62% NNPA (%)
Slide 29: Gross and Net NPA of the Bank have reduced over the last quarters
Section 4: Gross and Net NPA of the Bank have reduced over the last quarters. The above figures include the impact of the Hon Supreme Court notification to stop NPA classification post August 31 2020 till further orders, which would have otherwise slipped to NPA this quarter. Without this impact the
Slide 30: Asset quality trends over 8 years at Capital First
Section 4: Since Retail Loans model imported from Capital First is the key model for loans going foward, we present asset quality trends over the last 8 years at Capital First as below as a demonstration of our trend in asset quality and our capabilities in this space. The incipient retail loan of e
Slide 31: Gross and Net NPA pertaining to Retail Loans
Section 4: Gross and Net NPA pertaining to Retail Loans have broadly remained steady, and showed a reducing trend over the last quarters on the banking platform. The above figures include the impact of the Supreme Court notification to stop NPA classification post August 31 2020 till further orders,
Slide 32: Proactively identified stressed accounts
Section 4: In addition to declared NPA accounts, Bank has proactively identified the following accounts, which are standard on the books but are stressed, and taken provisions for the same proactively. O/S Client Description (Rs. Crore) Provision PCR% Comments Exposure Certain developments at the co
Slide 33: Exposure to identified Stressed Assets has reduced
Section 4: Exposure to identified Stressed Assets mentioned in previous slide, has reduced by Rs. 1,421 crore during the last 7 quarters, a reduction of 34%. PCR increases to 48%. All amounts are in Rs. crore unless specified O/s Exposure Provision Provision coverage 23% 47% 47% 50% 49% 52% 48% 4,13
Slide 34: Section 4: Financial Performance of the Bank for Q2 FY21
SECTION 4: FINANCIAL PERFORMANCE OF THE BANK FOR Q2 FY21 • Assets Update • Update on Liabilities • Key Business & Financial Parameters ✓ COVID-19 Impact ✓ Income Statement ✓ Balance Sheet ✓ Capital Adequacy
Slide 35: Rapid progress in retailization of Liabilities
Section 4: The Bank has made rapid progress in retailization of Liabilities. Retail liabilities now comprise 72% of customer deposits, up from 27% at merger. The Bank is focused for retailisation of the liabilities which is reflected in the growth in its Core Deposits. Such Deposits are sticky and s
Slide 36: CASA deposits have registered a strong YOY growth of 142%
Section 4: CASA deposits have registered a strong YOY growth of 142% All figures are in Rs. crore unless specified. In Rs. Crore Growth % 30,181 $ Y-o-Y Growth 17,708 142% Q-o-Q Growth 6,690 28% 23,491 20,661 16,204 12,473 9,594 7,893 5,274 31 Dec 18 31 Mar 19 30 Jun 19 30 Sep 19 31 Dec 19 31 Mar 20
Slide 37: CASA Ratio has improved rapidly since merger
Section 4: CASA Ratio has improved rapidly over last 6 quarters since merger to reach 40.37% CASA Ratio is computed in terms of CASA as a percentage of Total deposits (CASA+ Certificate of Deposits+ Term Deposits). Consistent growth in CASA and decreasing dependency on Certificate of Deposits and Wh
Slide 38: Contactless Debit Card Launched
Section 4: Contactless Debit Card Launched Cardless transactions Contactless payments Easy and secure Transact up to Rs. 20,000 Use any number of cards No need to Login once activated 37
Slide 39: Strong growth in Retail Deposits
Section 4: The Bank continues to see strong growth in Retail Deposits. This has reduced the dependence on wholesale deposits and has provided greater stability. In Rs. Crore Sep-19 Jun-20 Sep-20 QOQ % YOY% Legacy Long Term Bonds 13,452 10,638 10,331 -3% -23% Infra Bonds 10,434 10,166 9,522 -6% -9% R
Slide 40: Bank has reduced Certificate of Deposits
Section 4: The bank has reduced Certificate of Deposits as per the stated Strategy to reduce short term institutional borrowings to strengthen the balance sheet. • In March 2019, we started the process to reduce our dependence on Certificate of Deposits and have consciously brought it down every qua
Slide 41: Reduced concentration of Top 20 Depositors
Section 4: The Bank has sharply reduced the concentration of Top 20 Depositors as a % of Total Customer Deposits and made the liabilities side more resilient. Top 20 Depositors as a % of Total Customer Deposits has reduced from 39.98% as on 31 December 2018 to 12.40% as on 30 September 2020. 39.98%
Slide 42: Section 4: Financial Performance of the Bank for Q2 FY21
SECTION 4: FINANCIAL PERFORMANCE OF THE BANK FOR Q2 FY21 • Assets Update • Update on Liabilities • Key Business & Financial Parameters ✓ COVID-19 Impact ✓ Income Statement ✓ Balance Sheet ✓ Capital Adequacy
Slide 43: Straight Through Process for restructuring applications
Section 4: Bank has rolled out customer-friendly Straight Through Process for customers applying for restructuring for eligible customers. • The Bank has developed portal for customers to check eligibility and apply for restructuring plan as per RBI guidelines. 42
Slide 44: Quarterly Income Statement
Section 4: Quarterly Income Statement Growth (%) Growth (%) In Rs. Crore Q2 FY20 Q1 FY21 Q2 FY21 Y-o-Y Q-o-Q Interest Income 4,018 3,831 3,801 -5% -1% Interest Expense 2,655 2,205 2,141 -19% -3% Net Interest Income 1,363 1,626 1,660 22% 2% Fee & Other Income 359 148 291 -19% 97% Trading Gain 162 337
Slide 45: Income Statement – Half Yearly
Section 4: Income Statement – Half Yearly Growth (%) In Rs. Crore H1 FY20 H1 FY21 Y-o-Y Interest Income 7,811 7,632 -2% Interest Expense 5,274 4,346 -18% Net Interest Income 2,538 3,286 29% Fee & Other Income 680 440 -35% Trading Gain 151 674 345% Operating Income 3,369 4,399 31% Operating Expense 2
Slide 46: Balance Sheet
Section 4: Balance Sheet Growth (%) Growth (%) In Rs. Crore Sep-19 Jun-20 Sep-20 (Y-o-Y) (Q-o-Q) Shareholders' Funds 16,866 17,436 17,538 4% 1% Deposits 69,321 69,832 75,800 9% 9% - Retail Deposits 22,629 39,872 49,610 119% 24% - Wholesale Deposits 46,693 29,959 26,190 -44% -13% Borrowings 68,665 52
Slide 47: Sharp improvement in Net Interest Margins to 4.57%
Section 4: Sharp improvement in Net Interest Margins from 2.89% (merger quarter) to 4.57% in Q2 FY21. • The NIM of the standalone Bank IDFC bank was 1.56% in September 2018, which was the last quarter prior to the merger in December 2018. On merger, the NIM increased to 2.89%. This has fast accelera
Slide 48: Capital Adequacy Ratio is 14.73% with CET-1 Ratio at 14.33%
Section 4: Capital Adequacy Ratio is 14.73% with CET-1 Ratio at 14.33% In Rs. Crore Sep-19 Jun-20 Sep-20 Common Equity 16,416 17,065 17,146 Tier 2 Capital Funds 158 528 475 Total Capital Funds 16,574 17,593 17,621 Total RWA 1,13,104 1,17,077 1,19,659 CET 1 Ratio (%) 14.51% 14.58% 14.33% Total CRAR (
Slide 49: Table of Contents
8 SECTION 1: THE FOUNDING OF IDFC FIRST BANK 13 SECTION 2: VISION & MISSION OF IDFC FIRST BANK 16 SECTION 3: PRODUCT OFFERING 19 SECTION 4: FINANCIAL PERFORMANCES 48 SECTION 5: DIRECTORS & SHAREHOLDERS 53 SECTION 6: STRATEGY GOING FORWARD FOR THE COMBINED ENTITY 58 SECTION 7: CAPITAL FIRST STRATEGY,
Slide 50: Board of Directors
Section 5: Board of Directors Mr. V. Vaidyanathan is the first Managing Director and CEO of IDFC FIRST Bank, a bank founded by the merger of Erstwhile Capital First and Erstwhile IDFC Bank in December 2018. He is a banker turned entrepreneur turned banker by merging the NBFC he founded with an exist
Slide 51: Board of Directors
Section 5: Board of Directors DR. SANJAY KUMAR – NON-EXECUTIVE NON INDEPENDENT DIRECTOR (REPRESENTING THE GOVT. OF INDIA) (w.e.f June 22, 2020) Dr. Sanjay Kumar joined Board of Directors of IDFC FIRST Bank w.e.f. June 22, 2020. He belongs to 2003 batch of Indian Post & Telecom accounts and Finance S
Slide 52: Board of Directors
Section 5: Board of Directors DR.(MRS.) BRINDA JAGIRDAR - INDEPENDENT DIRECTOR Dr. (Mrs.) Brinda Jagirdar, is an independent consulting economist with specialization in areas relating to the Indian economy and financial intermediation. She is on the Governing Council of Treasury Elite, a knowledge s
Slide 53: Shareholding Pattern as of Sept 30, 2020
Section 5: Shareholding Pattern as of Sept 30, 2020 Scrip Name : IDFC FIRST Bank (BSE: 539437, NSE:IDFCFIRSTB) Key Shareholders % Holding (through their respective various funds and affiliate companies wherever applicable) Other Body President of Corporate, 1.1% IDFC Financial Holding Company Limite
Slide 54: Table of Contents
8 SECTION 1: THE FOUNDING OF IDFC FIRST BANK 13 SECTION 2: VISION & MISSION OF IDFC FIRST BANK 16 SECTION 3: PRODUCT OFFERING 19 SECTION 4: FINANCIAL PERFORMANCES 48 SECTION 5: DIRECTORS & SHAREHOLDERS 53 SECTION 6: STRATEGY GOING FORWARD FOR THE COMBINED ENTITY 58 SECTION 7: CAPITAL FIRST STRATEGY,
Slide 55: Section 6: Strategy Going Forward for the Combined Entity
SECTION 6: STRATEGY GOING FORWARD FOR THE COMBINED ENTITY • Key Strategies for the combine entity – ✓ Asset Strategy • Growth of Assets • Diversification of Assets • Gross Yield expansion ✓ Liability Strategy • CASA Growth • Diversification of Liability • Branch Expansion ✓ Profitability • Expand Ne
Slide 56: Asset Strategy as guided at the time of merger
Section 6: Asset Strategy for IDFC FIRST Bank as guided at the time of merger in December 2018. • Growth of Assets: • The Bank plans to grow retail loan assets from Rs. 36,236 crore (December 31, 2018) to over Rs. 100,000 crore in the next 5 years • The Bank plans to wind down loans to infrastructur
Slide 57: Liability Strategy as guided at the time of merger
Section 6: Liability Strategy for IDFC FIRST Bank as guided at the time of merger in December 2018. • CASA Growth: This is a key focus and growth area for the bank. We plan to increase the CASA Ratio from 8.68% as of December 31, 2018 on a continuous basis year on year and strive to reach 30% CASA r
Slide 58: Profitability strategy
Section 6: Profitability • Net Interest Margin: The bank plans to expand the NIM to about 5.0% - 5.5% in the next 5 years based on better cost of funds and carefully selecting the product segments where we have strong proven capabilities over the years. • Asset Quality: Over 90% of the Retail Loan B
Slide 59: Table of Contents
8 SECTION 1: THE FOUNDING OF IDFC FIRST BANK 13 SECTION 2: VISION & MISSION OF IDFC FIRST BANK 16 SECTION 3: PRODUCT OFFERING 19 SECTION 4: FINANCIAL PERFORMANCES 48 SECTION 5: DIRECTORS & SHAREHOLDERS 53 SECTION 6: STRATEGY GOING FORWARD FOR THE COMBINED ENTITY 58 SECTION 7: CAPITAL FIRST STRATEGY,
Slide 60: Section 7: Capital First Strategy, Loan Growth and Profitability Trends
SECTION 7: CAPITAL FIRST STRATEGY, LOAN GROWTH AND PROFITABILITY TRENDS FOR 8 YEARS (BEFORE MERGER WITH IDFC BANK) • History of Capital First Limited • Transformation into Retail Franchise • Business Areas of Focus • Past Financial Performances
Slide 61: Business model of Capital First
Section 7: Extract from Capital First investor Presentation of September 2018, which is the last quarter prior to merger. Presented here to demonstrate the capability of the core loan book and the track record of growth and profitability. Since the business model of Capital First is an important par
Slide 62: History of Capital First Limited
Section 7: Successful Trajectory of Growth and Profits at Capital First History of Capital First Limited The Company was first listed on Stock Exchanges in January 2008. Between 2010 to 2012, Mr Vaidyanathan acquired a stake in the company and executed a Management Buyout (MBO) of the Company with e
Slide 63: Successful Trajectory of Growth and Profits at Capital First
Section 7: Successful Trajectory of Growth and Profits at Capital First. This page is an extract from Capital First investor Presentation of September 2018, which is the last quarter prior to merger. Presented here to demonstrate the capability of the core loan book and the track record of growth an
Slide 64: Capital First: Assets Under Management growth
Section 7: Successful Trajectory of Growth and Profits at Capital First. This page is an extract from Capital First investor Presentation of September 2018, which is the last quarter prior to merger. Presented here to demonstrate the capability of the core loan book and the track record of growth an
Slide 65: Capital First: Retail Loan Book growth
Section 7: Successful Trajectory of Growth and Profits at Capital First This page is an extract from Capital First investor Presentation of September 2018, which is the last quarter prior to merger. Presented here to demonstrate the capability of the core loan book and the track record of growth and
Slide 66: Capital First Lines of Business
Section 7: Successful Trajectory of Growth and Profits at Capital First This page is an extract from Capital First investor Presentation of September 2018, which is the last quarter prior to merger. Presented here to demonstrate the capability of the core loan book and the track record of growth and
Slide 67: Speciality: MSME Financing
Section 7: Successful Trajectory of Growth and Profits at Capital First This page is an extract from Capital First investor Presentation of September 2018, which is the last quarter prior to merger. Presented here to demonstrate the capability of the core loan book and the track record of growth and
Slide 68: Credit Framework
Section 7: Successful Trajectory of Growth and Profits at Capital First This page is an extract from Capital First investor Presentation of September 2018, which is the last quarter prior to merger. Presented here to demonstrate the capability of the core loan book and the track record of growth and
Slide 69: Rigorous Credit Underwriting Process
Section 7: Successful Trajectory of Growth and Profits at Capital First This page is an extract from Capital First investor Presentation of September 2018, which is the last quarter prior to merger. Presented here to demonstrate the capability of the core loan book and the track record of growth and
Slide 70: Stable Asset Quality at Capital First
Section 7: Successful Trajectory of Growth and Profits at Capital First This page is an extract from Capital First investor Presentation of September 2018, which is the last quarter prior to merger. Presented here to demonstrate the capability of the core loan book and the track record of growth and
Slide 71: Assets Under Management (Capital First)
Section 7: Successful Trajectory of Growth and Profits at Capital First This page is an extract from Capital First investor Presentation of September 2018, which is the last quarter prior to merger. Presented here to demonstrate the capability of the core loan book and the track record of growth and
Slide 72: Yearly Return on Equity
Section 7: Successful Trajectory of Growth and Profits at Capital First This page is an extract from Capital First investor Presentation of September 2018, which is the last quarter prior to merger. Presented here to demonstrate the capability of the core loan book and the track record of growth and
Slide 73: Profit After Tax (Normalized)
Section 7: Successful Trajectory of Growth and Profits at Capital First This page is an extract from Capital First investor Presentation of September 2018, which is the last quarter prior to merger. Presented here to demonstrate the capability of the core loan book and the track record of growth and
Slide 74: Earning per Share
Section 7: Successful Trajectory of Growth and Profits at Capital First This page is an extract from Capital First investor Presentation of September 2018, which is the last quarter prior to merger. Presented here to demonstrate the capability of the core loan book and the track record of growth and
Slide 75: Cost to Income ratio
Section 7: Successful Trajectory of Growth and Profits at Capital First This page is an extract from Capital First investor Presentation of September 2018, which is the last quarter prior to merger. Presented here to demonstrate the capability of the core loan book and the track record of growth and
Slide 76: Market Capitalization
Section 7: Successful Trajectory of Growth and Profits at Capital First This page is an extract from Capital First investor Presentation of September 2018, which is the last quarter prior to merger. Presented here to demonstrate the capability of the core loan book and the track record of growth and
Slide 77: Dividend payout
Section 7: Successful Trajectory of Growth and Profits at Capital First This page is an extract from Capital First investor Presentation of September 2018, which is the last quarter prior to merger. Presented here to demonstrate the capability of the core loan book and the track record of growth and
Slide 78: Summary – Strategy for IDFC FIRST Bank
Section 7: Summary – Strategy for IDFC FIRST Bank In summary, under our stated strategy for the combined entity, IDFC FIRST Bank, the same successful model of Capital First lending business is now being built on a Bank platform from IDFC Bank, thus the business becomes more profitable, robust and su
Slide 79: Thank You
THANK YOU IDFC FIRST Bank