Csb Bank Ltd. · NSE:CSBBANK
Csb Bank — Q2 FY25 Earnings Presentation
37 slides from Csb Bank's earnings presentation, Oct 24, 2024
Slide 1: Exchange filing cover letter for investor presentation
SEC/382/2024 October 24, 2024 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, Presentation to Institutional Inves
Slide 2: Investor Presentation Q2-FY25
INVESTOR PRESENTATION Q2-FY25
Slide 3: Banking Driven by Purpose...
Banking Driven by Purpose... With over a century of banking excellence, CSB Bank stands as a testament to resilience and innovation in the financial sector. Founded 103 years ago, the bank has continuously evolved to meet the dynamic needs of its diverse clientele.
Slide 4: Company Overview, Strategy, Business Overview, Financials
Company Overview 4 Strategy 11 Business Overview 15 Financials 21 Digital Penetration 31 ESG 33 Awards 34
Slide 5: Performance Highlights – Q2 FY25
Performance Highlights – Q2 FY25 ₹ 39,464 Cr ₹ 26,871 Cr ₹ 31,840 Cr ₹ 58,711 Cr Balance Sheet Size Gross Advances Deposits Total Business 26% Y-o-Y 20% Y-o-Y 25% Y-o-Y 23% Y-o-Y ₹ 1,064 Cr ₹ 367 Cr ₹ 199 Cr ₹ 138 Cr Total Income Net Interest Income Non Interest Income Profit After Tax 28% Y-o-Y 7%
Slide 6: Driven by Purpose, since 1920
Driven by Purpose, since 1920 Journey began in Oldest private sector November 1920 bank in Kerala Vision Offer products and services across Personal Banking, Loans and Advances, Corporate Banking, Digital Banking CSB Bank endeavours to be a leading bank striving to excel in bringing products that sa
Slide 7: Robust Network, Extensive Reach
Robust Network, Extensive Reach Total Business Gold Loans % Distribution State Sept. 2023 Sept. 2024 Kerala 37 34 2(2) 15% 10% 12(12) 8% Tamil Nadu 17 17 14(14) 1(1) 5% 35% 31% 4% Andhra Pradesh 11 12 33(32) 16% Maharashtra 10 11 12(13) 16(16) 20% Karnataka 6 7 20% 5% 30% Others 19 *19 23(22) 6(6) 3
Slide 8: Shareholding Pattern
Shareholding Pattern No of No of Share Category % Of holding Shareholders Held (in Mio) FIHM - Promoter FIHM - Promoter 1 69.40 40.00% Mutual Funds 13 27.93 16.10% Mutual Funds Foreign Portfolio 27.17% 63 22.04 12.70% Investors Foreign Portfolio Investors CSB ESOS Trust 1 4.4 2.54% CSB ESOS Trust 0.
Slide 9: Our Board of Directors
Our Board of Directors Mr. Pralay Mondal Mr. B K Divakara Mr. Madhavan Menon Managing Director & CEO Executive Director Non-Executive Director He has over 30 years of banking experience across multiple He has over 37 years of banking experience spanning He has over three decades of experience in fin
Slide 10: Our Board of Directors
Our Board of Directors Mr. Sudhin Choksey Mr. Sharad Kumar Saxena Independent Director Independent Director He has over fourty years of professional experience, both in He has over 30 years of experience in banking and had India and overseas. He was the former Managing Director held almost all the l
Slide 11: Our Strong Leadership Team
Our Strong Leadership Team 30+ Pralay Mondal B K Divakara Narendra Kumar Dixit Satish Gundewar Managing Director & CEO Executive Director Head - Retail Banking Chief Financial Officer 30+ 37+ 30+ 28+ Manish Modi Shyam Mani Rajesh Choudhary Manish Agarwal Head - Wholesale Banking Head – SME and Chief
Slide 12: Driven by SBS 2030
Driven by SBS 2030 Long-term vision of becoming a Launched in Rolled out in three phases: mid-sized new age bank with a March 2022 Sustain, Build, and Scale national presence by 2030 Sustain Build Scale Core Strengths Platforms for Future Execute with Guardrails Sustain and Build Phase (Till FY26)
Slide 13: Driven by SBS 2030 (contd.)
Driven by SBS 2030 (contd.) Sustain Build Scale Core Strengths Platforms for Future Execute with Guardrails Building for Scale Phase (FY27 to FY30) Transform into full-service new age private sector bank Enhanced product suite across all customer segments Customer centricity at heart Focus o
Slide 14: Driven by SBS 2030 (contd.) – Key Enablers
Driven by SBS 2030 (contd.) Key Enablers Good Governance Board Support and Growth-Oriented Policy Clear Executable Strategy Structure Guidance Building Infrastructure in Robust and Efficient Innovation, Agility, and Physical, Hybrid, and Digital Customer-Centric Strong Leadership Digitalisation Proc
Slide 15: Driven by SBS 2030 (contd.) – Pillars
Driven by SBS 2030 (contd.) Pillars Customer Compliance Governance Human Capital Technology service Company Business Digital Strategy Financials ESG Awards 14 Overview Overview Penetration
Slide 16: Advances
Advances Gross Advances Gross Advances Mix 26,871 4,191 5,332 19% 25,099 20% 24,572 9,403 2,712 12,005 42% Q2 FY24 44% Q2 FY25 3,429 12% 22,867 13% 22,468 6,162 6,105 27% 23% Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Gold Loans Corporate Loans SME Loans Retail Loans (₹ crore) * Internal Classification
Slide 17: Gold Loan Portfolio
Gold Loan Portfolio Book size Portfolio Quality Tonnage 27.38 24.85 12,005 11.56%* 73% 10,947 10,407 9,403 9,553 Q2 FY24 Q2 FY25 Yield LTV No. of Accounts (in lakhs) 7.13 7.16 0.33% 27.38 T Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 GNPA% Tonnage Q2 FY24 Q2 FY25 (₹ crore) * Portfolio yield for Q2 FY25
Slide 18: Disbursements
Disbursements 7445 6709 9137 10213 8692 17% Y-o-Y 393 543 321 521 748 470 352 336 303 438 891 355 975 1035 594 8751 7182 5620 6944 5424 Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 (₹ crore) Gold Loans Corporate Loans Retail SME Loans Company Business Digital Strategy Financials ESG Awards 17 Overview Ov
Slide 19: Investments
Investments Net Investments Yield on Investments HFT 1.97% 6,692 7,153 7,551 8,803 8,370 6.91% 6.79% HTM 373 6.67% 485 37.14% 6.44% 213 6.34% 82 66 AFS Q2 Q3 Q4 Q1 Q2 FY24 FY24 FY24 FY25 FY25 60.89% 8,430 7,885 7,071 7,338 6,626 6.86% 6.62% 6.20% 6.42% M Duration 5.93% Q2 Q3 Q4 Q1 Q2 HFT AFS HTM Tot
Slide 20: Deposits
Deposits Total Deposits Term Deposit Mix* CASA Mix 25,438 27,345 29,719 29,920 31,840 29.28% 27.58% 27.20% 24.90% 24.09% 65% 62% 67% 73% 24,170 77% 21,634 22,471 19,802 74.62% 72.47% 74.15% 17,990 78.67% 78.68% 35% 38% 33% 8,085 7,670 23% 27% 7,448 7,543 7,449 25.38% 27.53% 25.85% 21.33% 21.32% Q2 F
Slide 21: Funding
Funding Funding Mix Credit Rating 7% 5% 5% 7% 7% Instrument Rating CRISIL A/ Stable Tier II Bonds (Under Basel III) 66% 69% 69% 70% IND A/Stable 71% Short Term Fixed Deposit CRISIL A1+ 27% 26% 26% 23% 22% Certificate of Deposit CRISIL A1+ Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 CASA TD Borrowing Com
Slide 22: Key Performance Matrix
Key Performance Matrix Net Interest Income Non Interest Income Operating Profit Net Profit 386 197 199 383 150 151 172 228 200 133 138 367 196 142 175 172 113 362 126 344 Q2 Q3 Q4 Q1 Q2 Q2 Q3 Q4 Q1 Q2 Q2 Q3 Q4 Q1 Q2 Q2 Q3 Q4 Q1 Q2 FY24 FY24 FY24 FY25 FY25 FY24 FY24 FY24 FY25 FY25 FY24 FY24 FY24 FY25
Slide 23: Key Performance Matrix (contd.)
Key Performance Matrix (contd.) Yield on Advances Cost of Deposits Cost of Funds Net Interest Margin 11.77% 6.09% 11.49% 5.96% 5.10% 6.25% 5.04% 11.25% 11.21% 5.73% 6.08% 4.84% 5.82% 10.88% 5.42% 5.22% 5.48% 5.26% 4.36% 4.30% Q2 Q3 Q4 Q1 Q2 Q2 Q3 Q4 Q1 Q2 Q2 Q3 Q4 Q1 Q2 Q2 Q3 Q4 Q1 Q2 FY24 FY24 FY24
Slide 24: Key Performance Matrix (contd.)
Key Performance Matrix (contd.) Return on Assets Return on Equity Credit Cost Cost to Income 1.84% 1.79% 1.73% 1.50% 17.91% 17.61% 0.22% 67.69% 16.69% 1.27% 14.53% 0.15% 12.69% 0.10% 64.66% 64.09% 61.44% 60.86% -0.10% -0.15% Q2 Q3 Q4 Q1 Q2 Q2 Q3 Q4 Q1 Q2 Q2 Q3 Q4 Q1 Q2 Q2 Q3 Q4 Q1 Q2 FY24 FY24 FY24
Slide 25: Key Performance Matrix (contd.)
Key Performance Matrix (contd.) Book Value Per Share CD Ratio (Gross) 88.33% 229 217 209 84.39% 83.62% 83.89% 200 82.68% 191 Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 PCR (Incl. w/off) PCR (excl. w/off) 91.75% 91.85% 74.54% 74.81% 65.41% 60.12% 59.45% 86.44% 82.
Slide 26: Key Performance Matrix (contd.) – Asset Quality
Key Performance Matrix (contd.) (₹ crore) Asset Quality Gross NPA Movement Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 424 169 452 183 361 125 285 279 72 70 Opening Balance of Gross NPA 271 285 279 361 424 Additions 54 36 122 103 64 Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Gross NPA Net NPA Sub Total (A)
Slide 27: Key Performance Matrix (contd.) – Capital Adequacy
Key Performance Matrix (contd.) Capital Adequacy Ratio RWA to Total Exposure 23.96% 22.99% 24.47% 23.61% 22.74% 1.37% 43.08% 42.39% 42.08% 1.40% 41.61% 41.52% 1.38% Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 1.39% 1.37% Liquidity Coverage Ratio* 23.10% 22.56% 22.23% 21.60% 21.37% 117% 118% 118% 113% 10
Slide 28: Profit and Loss Account
Profit and Loss Account Q2 FY24 Q1 FY25 Q2 FY25 YoY QoQ Q2 FY24 Q1 FY25 Q2 FY25 YoY QoQ Interest Income 687 832 865 26% 4% Operating Profit 175 172 200 15% 16% Interest Expense 344 470 497 45% 6% Provision for NPA -8 20 6 167% -73% Net Interest Income 344 362 367 7% 2% Other Treasury Profit 9 19 29
Slide 29: Profit and Loss Account
Profit and Loss Account H1 FY24 H1 FY25 YoY H1 FY24 H1 FY25 YoY Interest Income 1371 1697 24% Operating Profit 356 373 5% Interest Expense 663 967 46% Provision for NPA -5 26 667% Net Interest Income 708 729 3% Other Provisions 6 8 34% Treasury Profit 24 48 98% Total Provisions 1 34 2317% Fee income
Slide 30: Balance Sheet
Balance Sheet Liabilities Sept. 30, 2023 June 30, 2024 Sept. 30, 2024 YoY(%) QoQ (%) Capital 174 174 174 0% 0% Reserves & Surplus 3299 3767 3967 20% 5% Deposits 25438 29920 31840 25% 6% Of which CASA 7448 7449 7670 3% 3% Borrowings 1807 1963 2347 30% 20% Other Liabilities & Provisions 705 759 1136 6
Slide 31: Key Performance Matrix (contd.)
Key Performance Matrix (contd.) Balance Sheet Size Gross Advances Deposits Total Income 36056 3512 24572 29162 20842 29719 25356 24506 2635 23337 16742 2175 2285 15388 19140 20188 FY21 FY22 FY23 FY24 FY21 FY22 FY23 FY24 FY21 FY22 FY23 FY24 FY21 FY22 FY23 FY24 Profit After Tax ROA Net NPA NIM 547 567
Slide 32: Technology Transformation @ CSB Bank
Technology Transformation @ CSB Bank Technology Infrastructure Transformation Core Systems Transformation 1. Four new Datacenters have been built and commissioned. 1. New Core Banking System (Flexcube) from Oracle is under 2. Private Cloud has been built and ready to use. implementation and will be
Slide 33: Enhancing Digital Footprint
Enhancing Digital Footprint Mobile Banking PoS Machine 6.06 lakh+ Users Installations 2,000+ Net Banking 6.16 lakh+ Users Credit Cards 1.33 lakh+ Digital QR Installations 766 lakh+ Transaction * 14,100+ % of Digital 87.53% Transaction* Debit Cards 9.39 lakh+ *for H1 FY25 Company Business Digital Str
Slide 34: ESG Framework
ESG Framework •Energy Efficiency • Employees- We Care through Equality, • ESG /Sustainable Development Policy •Reduction of GHG Emissions Diversity, Growth and Inclusion • Board Oversight/ Diversity/ Stakeholder •Effluent and Waste Management • Customers- Customer Centricity /Experience, Engagement
Slide 35: Awards & Recognition
Awards & Recognition CSB Bank Wins at BFSI Technology Excellence Awards 2024 Company Business Digital Strategy Financials ESG Awards 34 Overview Overview Penetration
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
Slide 37: Thank You
CSB BANK LIMITED Regd. Office: CSB Bhavan, St. Mary's College Road, Thrissur, Kerala 680 020 Tel: +91 487 2333020 THANKYOU Fax: +91 487 2338764 Email: board@csb.co.in CIN: L65191KL1920PLC000175