Bank Of Baroda · NSE:BANKBARODA
Bank Of Baroda — Q4 FY2021 Earnings Presentation
36 slides from Bank Of Baroda's earnings presentation, May 31, 2021
Slide 1: Performance Analysis Q4 FY2021
Performance PerformanceAnalysis Analysis Q3 Q4FY FY2020 2021 Jan 24, 2020
Slide 2: Major Highlights
Major Highlights © 2021 Bank of Baroda. All Rights Reserved Page | 2
Slide 3: Major Highlights (1/2)
Major Highlights (1/2) Business Details (INR crore) Key performance drivers Mar 31, 2020 Mar 31, 2021 YOY Domestic CASA Ratio (%) Non interest Income Total Deposits 9,45,985 9,66,996 2.22 (INR crore) 19.8% YoY 380 bps CASA Deposits* 3,15,951 3,68,027 16.48 3,78,390 3,91,670 3.51 17.3% YoY Retail ter
Slide 4: Major Highlights (2/2)
Major Highlights (2/2) Cost Optimization 11,613 10,033 ATMs Costs (INR crore) Mar-20 Mar-21 FY20 FY21 (% YoY) Salaries* (excl provisions) 8,092 8,576 5.98 Other overheads 9,308 9,098 -2.26 9,482 Total 17,400 17,674 1.57 8,214 *Salaries include wage arrears of INR 728 crore. Branches Mar-20 Mar-21 ©
Slide 5: DTA impact on profitability
DTA impact on profitability Q4 FY 21 actual PAT versus adj. for DTA impact FY21 actual PAT versus adj. for DTA - impact 4,143 2,267 829 -1,047 PAT PAT (adj.) Quarter PAT PAT (adj.) Bank shifted to the new tax regime under Section 115BBA of Income Tax Act. One-time impact of this during Q4FY21 was IN
Slide 6: Capital raise and internal accruals driving CRAR higher
Capital raise and internal accruals driving CRAR higher CET-1 (%) Tier-I (%) CRAR (%) 14.99 13.30 12.67 10.94 9.44 10.71 Column2 Mar' 20 Mar'21 Column2 Mar' 20 Mar'21 Column2 Mar' 20 Mar'21 • INR 4,500 crore raised through QIP Allotment of 55 crore shares @ Rs 81.70 • Promoter share holding down to
Slide 7: Financial Performance
Financial Performance © 2021 Bank of Baroda. All Rights Reserved Page | 7
Slide 8: Key Ratios - Quarterly
Key Ratios - Quarterly Cost of Deposits NIM Domestic Domestic Global International 2.96% 2.76% 2.88% 2.73% 2.59% NIM impact of 5.20% interest reversal 4.95% due to proforma 4.42% 4.27% slippages and 4.10% SC verdict is 4.76% 4.48% 36bps 3.99% 3.85% Mar'20 Jun'20 Sep'20 Dec'20 Mar'21 3.71% 1.77% Inte
Slide 9: Key Ratios - Annual
Key Ratios - Annual Cost of Deposits NIM Domestic 2.80% 2.85% 2.79% Excluding impact 5.43% 5.39% of SC verdict, NIM would have 4.44% been higher by 4.97% 4.98% 5bps. 4.01% Domestic Mar' 19 Mar'20 Mar'21 Global 1.89% 2.03% International International 0.95% 1.72% 1.34% 1.29% Mar'19 Mar'20 Mar'21 Yield
Slide 10: Operating Performance
Operating Performance Particulars Q4 FY 20 Q3 FY 21 Q4 FY 21 YOY (%) FY 20 FY 21 YOY (%) (INR crore) Interest on advances 13,292 12,484 11,749 -11.61 54,116 50,052 -7.51 Interest on investments 4,464 4,172 4,133 -7.41 18,097 17,077 -5.64 Other Interest income 943 840 803 -14.85 3,771 3,366 -10.74 To
Slide 11: Non-Interest Income
Non-Interest Income Particulars Q4 FY 20 Q3 FY 21 Q4 FY 21 YOY (%) FY 20 FY 21 YOY (%) (INR crore) Commission, Exchange, 716 643 715 -0.14 2,590 2,521 -2.66 Brokerage Incidental Charges 310 224 293 -5.48 1,014 927 -8.58 Other Miscellaneous Income 368 285 587 59.95 1,314 1,374 4.57 Forex Income 285 2
Slide 12: Operating Expenses
Operating Expenses Particulars Q4 FY 20 Q3 FY 21 Q4 FY 21 YOY (%) FY 20 FY 21 YOY (%) (INR crore) Employee Cost 2,153 3,051 3,125 45.14 9,565 11,446 19.66 of which: Salaries 2,036 2,052 2,461 20.87 8,092 8,576 5.98 94.97 Provisions for employees 117 999 664 467.52 1,472 2,870 Other Operating Expense
Slide 13: Profit Position
Profit Position Particulars Q4 FY 20 Q3 FY 21 Q4 FY 21 YOY (%) FY 20 FY 21 YOY (%) (INR crore) Operating Profit 4,922 5,069 6,266 27.30 18,896 20,630 9.17 Total Provisions 6,645 3,435 3,586 -46.03 20,698 15,074 -27.17 of which Provision for NPA & Bad 3,191 2,080 4,593 43.94 16,405 12,408 -24.36 Debt
Slide 14: Business Performance
Business Performance © 2021 Bank of Baroda. All Rights Reserved Page | 14
Slide 15: Deposits
Deposits Particulars Mar’20 Dec’20 Mar’21 YOY (%) % share in Domestic Deposits in Mar’ 21 (INR crore) Domestic CASA Deposits Savings 3,15,951 3,43,937 3,68,027 16.48 Deposits 36% Domestic Saving 2,66,301 2,87,393 3,06,418 15.06 Deposits Domestic Current Term Deposits 49,650 56,544 61,609 24.09 depos
Slide 16: Advances
Advances Particulars Mar’20 Dec’20 Mar’21 YOY (%) % share in Gross Domestic Credit in Mar’ 21 (INR crore) Retail* 1,05,165 1,16,046 1,20,256 14.35 Agriculture Others (incl 15.5% LABOD & Home Loans* 71,301 77,314 79,212 11.10 Staff loans) 3.3% Auto Loans* 16,458 19,399 21,031 27.79 Mortgages Loans* 6
Slide 17: Risk profile – Retail loans
Risk profile – Retail loans As on 01.04.2019 As on 31.03.2020 As on 31.03.2021 6% 1% 0% 17% 18% 17% 11% 12% 8% 69% 71% 70% Above 725 701-725 Up to 700 -1 Above 725 701-725 Up to 700 -1 Above 725 701-725 Up to 700 0 & -1 *Based on Amt. *CIBIL scores (V1) as on 01.04.2019 have been converted into corr
Slide 18: Industry-wise outstanding
Industry-wise outstanding Mar ’21 Rating Profile Particulars (INR crore) Outstanding %share Infrastructure of which 70,730 11.03% 1. Power 32,247 5.03% 2. Telecom 11,049 1.72% 3. Roads & Ports 12,965 2.02% 62% 63% 4. Other Infrastructure 14,468 2.26% 16,586 2.59% Basic Metals & Metal Industry of whi
Slide 19: Segment wise breakup & Ratings of NBFC Standard Exposure
Segment wise breakup & Ratings of NBFC Standard Exposure Rating Profile of NBFCs Standard Outstanding NBFC portfolio by ownership Particulars Mar’20 Mar’21 Outstanding Outstanding % Share % Share (INR cr) (INR cr) 21% 24% Pvt others AAA 53,706 52.00 55,671 59.94 Backed by Large Private Institutions
Slide 20: Treasury operations
Treasury operations Particulars • Domestic investment book comprises of 59.12 % in HTM; 40.80 Mar ’20 Dec ’20 Mar ’21 (INR crore) % in AFS and 0.08 % in HFT. Domestic 2,65,016 2,57,900 2,51,708 • The percentage of SLR Securities to NDTL at Mar 31, 2021 was Investments at 22.71 % as against 23.83 % a
Slide 21: Financial Inclusion
Financial Inclusion Total Financial Inclusion Accounts Balance /Avg Balance in FI accounts (in Lakh) 590 23521 Zero Balance Accounts (%) 578 21055 18731 7.9% 5.4% 5.3% 512 3658 3643 3985 Mar '20 Dec'20 Mar'21 Mar' 20 Dec'20 Mar'21 Balance in Financial Inclusion Accounts (in INR Crore) Market Share o
Slide 22: Asset Quality
Asset Quality © 2021 Bank of Baroda. All Rights Reserved Page | 22
Slide 23: Movement of NPAs
Movement of NPAs Particulars Q4 FY 20 Q3 FY 21 Q4 FY 21 FY 20 FY 21 (INR crore) A. Opening Balance 73,140 65,698 63,182 69,924 69,381 B. Additions 4,485 4,560 12,274 23,315 20,005 Out of which, Fresh Slippages 3,050 3,986 11,656 18,665 18,101 C. Reductions 8,243 7,076 8,785 23,858 22,716 Recovery 2,
Slide 24: Asset Quality : Sectoral Contribution
Asset Quality : Sectoral Contribution Fresh Slippages SMA1 and SMA 2 (%) NPA Particulars Particulars Q4 Q3 Q4 (INR crore) FY20 FY21 (INR crore) FY20 FY21 FY 20 FY 21 FY 21 4.41 Corporate 9,837 311 0 5,817 5,923 Corporate 36,934 27,234 3.87 3.34 MSME 3,428 1,038 0 2,846 3,103 MSME 11,370 13,025 Retai
Slide 25: Exposure to NCLT accounts
Exposure to NCLT accounts 48988 99.27% 98.32% 34731 93.41% 92.04% 92.43% 5228 6190 2839 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 26: Capital Adequacy
Capital Adequacy © 2021 Bank of Baroda. All Rights Reserved Page | 26
Slide 27: Capital Adequacy
Capital Adequacy 14.99% 15.74% Tier II 13.30% 12.93% 12.84% 13.26% 2.27% 2.31% AT-1 1.67% 2.59% 2.51% 2.51% 2.36% 1.73% CET-1 1.27% 1.25% 1.54% 1.59% 10.94% 11.80% 9.44% 9.08% 9.21% 8.98% Mar'20 Jun'20 Sep'20 Dec'20 Mar'21 Consol Mar'21 Mar ’21 Particulars (INR crore) Mar ’20 Dec ’20 Mar ’21 (Consol
Slide 28: Strategic Initiatives
Strategic Initiatives © 2021 Bank of Baroda. All Rights Reserved Page | 28
Slide 29: Digital Footprint
Digital Footprint Recent Initiatives • Digital Dangal Campaign - 325% 115% to enhance Bank’s Market NETC (F) txns Share in Digital Products & UPI Outward (F) txns Services (YOY growth) (YOY growth) • Bank has introduced UPI with Mobile Banking app to 66% 127% provide omni-channel experience to custo
Slide 30: Mobile driven Digital Lending Platform
Mobile driven Digital Lending Platform Products launched Digital Journey Ease of application & enhanced Micro Personal Loans experience – User friendly with fewer clicks 8 Home Loans Enabled 28 lakh pre-approved customers for micro Fintech One Stop Digital Application - Digital personal loans
Slide 31: Consolidated Financials
Consolidated Financials © 2021 Bank of Baroda. All Rights Reserved Page | 31
Slide 32: 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) FY20 FY21 YoY (%) FY20 FY21 YoY (%) FY20 FY21 YoY (%) Net premium income 3245.3 3900.94 20.20 Revenue from 36.17 49.29 36.27 Net Interest income I
Slide 33: 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 FY20 FY21** YoY(%) Parameters FY20 FY21** YoY(%) Parameters FY20 FY21** YoY(%) Total Deposits 2,790 3,169 13.59% Total Deposits 8,254 9,036 9.47% T
Slide 34: Balance Sheet and PL– Consolidated
Balance Sheet and PL– Consolidated Particulars Particulars YOY Mar ’20 Dec ’20 Mar ’21 FY 20 FY 21 (INR crore) (INR crore) (%) CAPITAL & LIABILITIES Net Interest Income 28,855 31,113 7.83 Capital 925 925 1,036 Share Application Money 0 Non Interest Income 12,191 14,687 20.47 0 Pending Allotment 81,3
Slide 35: 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 36: Thank You
Thank You © 2021 Bank of Baroda. All Rights Reserved Page | 36