Bank Of Maharashtra · NSE:MAHABANK
Bank Of Maharashtra — FY2021 Earnings Presentation
41 slides from Bank Of Maharashtra's earnings presentation, Apr 29, 2021
Slide 1: Financial Results Quarter/Year Ended 31st Mar 2021
FINANCIAL RESULTS Quarter/ Year Ended 31st Mar 2021 29/04/2021
Slide 2: Quarter highlights: net profit grew 187% to Rs 165 crore
Net profit grew by 187% to Rs 165 crore Net Interest Income up by 35% Non-Interest Income increased by 215% Net Interest Margin (NIM) improved to 3.11% as against 2.41% Operating profit increased by 158% Yield on Advance increased by 61 basis points Cost of Funds reduced by 50 basis po
Slide 3: Year highlights: net profit grew 42% to Rs 550 crore
Net profit grew by 42% to Rs 550 crore Net Interest Income up by 14% Non-Interest Income increased by 59% Net Interest Margin (NIM) improved to 2.84% as against 2.60% Total Business increased by 15% Gross Advances increased by 13% & Net Advances increased by 18% RAM(Retail, Agri & MSME
Slide 4: Growth in Retail, Agriculture, MSME and key metrics
26% 13% 35% 39% Retail Agriculture MSME Operating Profit 59% 16% 23% 29% Non Interest Income Total Deposit Saving Deposit Current Deposit 4 www.bankofmaharashtra.in
Slide 5: Operating Profit and Net Profit
QUARTER YEAR 1800 6000 1540 1500 4000 3958 1200 2000 2847 2191 2198 902 900 806 0 550 710 389 595 600 -2000 -1146 300 165 -4000 130 154 58 101 -4784 0 -6000 Q4-20 Q1-21 Q2-21 Q3-21 Q4-21 18 19 20 21 Operating Profit 595 710 806 902 1540 Operating Profit 2191 2198 2847 3958 Net Profit 58 101 130 154
Slide 6: NIM and Net Interest Income
NIM (Qtr) Net Interest Income (NII) (Quarter) 3.50 1,500 1,306 1,383 3.06 3.11 1,088 1,120 1,023 3.00 1,000 2.62 2.41 2.43 2.50 500 2.00 0 Mar 20 Jun-20 Sep-20 Dec 20 Mar 21 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 NIM (Year) Net Interest Income (NII) (Year) 3 2.84 6,000 2.60 4,897 2.53 4,279 2.32 3,733 4
Slide 7: Profit and Loss Summary
Quarter Ended Year Ended Particulars Mar 20 Dec 20 Mar 21 Mar 20 Mar 21 Total Income 3,198 3,577 4,333 13,145 14,494 Total Expenses 2,603 2,675 2,793 10,298 10,536 Operating Profit 595 902 1,540 2,847 3,958 Provisions & Contingencies 910 498 1,063 3,107 2,727 other than taxes Profit before tax (315)
Slide 8: Interest Income Breakdown
YEAR ENDED 561 MAR 21 Quarter Ended Year Ended 883 Particulars Mar 20 Dec 20 Mar 21 Mar 20 Mar 21 MAR 20 Interest on 1578 1878 1877 6409 7154 4153 Advances 4203 6409 Interest on 989 1032 1074 4203 4153 7154 Investment Other Interest 240 97 147 883 561 Income Total Interest 2806 3007 3098 11495 11869
Slide 9: Non-Interest Income
QUARTER YEAR 1,500 3,000 2,625 1,235 1,200 2,500 315 2,000 1,002 900 1,649 209 1,500 570 600 851 720 392 1,000 275 300 258 711 500 504 904 206 - 152 88 - 294 Mar-20 Dec-20 Mar-21 Mar 20 Mar 21 Total Non-Interest Total Non-Interest 392 570 1,235 1,649 2,625 Income Income Fee Based Income 258 275 315
Slide 10: Interest Expense
YEAR ENDED Quarter Ended Year Ended 445 MAR 21 459 Particulars Mar 20 Dec 20 Mar 21 Mar 20 Mar 21 MAR 20 Interest on 1670 1603 1615 6757 6526 Deposit Other Interest 114 98 100 459 445 Expense Total Interest 1784 1701 1715 7217 6971 6757 Expense 6526 Interest on Deposit Other Interest Expense 10 www.
Slide 11: Operating Expense
QUARTER YEAR 1,079 974 4,000 3,565 1,000 3,081 819 3,000 800 694 2,255 624 2,000 1,744 600 481 400 1,000 1,337 1,310 200 339 350 384 - Mar 20 Mar 21 - Mar-20 Dec-20 Mar-21 Total Operating 3,081 3,565 Total Operating Expense 819 974 1,079 Expense Staff Expense 481 624 694 Staff Expense 1,744 2,255 Ot
Slide 12: Non-Interest Expenses Breakdown
Expenditure Item Quarter Ended Year Ended (Excl Staff Exp) Mar 20 Dec 20 Mar 21 Mar 20 Mar 21 Rent , t axes, light ing 54 55 57 215 218 Print ing & St at ionery 9 5 6 22 18 Advt . & Publicit y 12 13 13 26 39 Depreciat ion on fixed asset s 52 48 50 211 188 Direct ors Fees & Expenses 0.17 0.08 0.08 0.
Slide 13: Provisions and Contingencies
Quarter Ended Year Ended Particulars Mar 20 Dec 20 Mar 21 Mar 20 Mar 21 Non Performing Assets 717 386 1376 2953 2214 Standard/Restructured Assets 139 91 80 38 642 Depreciation on Investments (20) (4) (2) 3 (2) Non-performing Investment 38 44 0 53 161 Other provisions 36 (19) (392) 60 (288) Provision
Slide 14: Provision Coverage Ratio and Provisions Mix
Provision Coverage Ratio (%) Provision & Contingencies (%) 100 89.55 89.86 5.55 10.2 87.15 85.62 5.35 83.97 8.4 75 70.5 68.31 67.57 66.06 64.87 63.43 NPA Standard Investment Tax Others 50 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 PCR [%] (including TWO) PCR [%] (excluding TWO) 14 www.bankofmaharashtra.in
Slide 15: Yield on Advances, Investment and Funds
Yield on Advances (Qtr) Yield on Investment (Qtr) Yield on Funds (Qtr) 7.50 7.78 7.50 7.50 7.47 7.10 6.50 6.86 6.50 6.50 6.50 6.69 6.45 6.62 6.54 5.50 5.50 5.50 Mar 20 Dec 20 Mar 21 Mar 20 Dec 20 Mar 21 Mar 20 Dec 20 Mar 21 Yield on Advances (Year) Yield on Investment (Year) Yield on Funds (Year) 9.
Slide 16: Cost of Deposit, Cost of Funds, Credit Cost
Cost of Deposit (Qtr) Cost of Funds (Qtr) Credit Cost Ratio (Qtr) 5.00 4.68 4.50 9.00 4.10 5.11 4.50 6.00 4.09 4.00 3.97 3.02 4.00 3.74 3.00 1.47 3.60 3.50 3.50 0.00 Mar 20 Dec 20 Mar 21 Mar 20 Dec 20 Mar 21 Mar 20 Dec 20 Mar 21 Cost of Deposit (Year) Cost of Funds (Year) Credit Cost Ratio (Year) 5.
Slide 17: Balance Sheet
As on LIABILITIES Mar 20 Dec 20 Mar 21 Capital 5824 6560 6560 Reserves and Surplus 4931 5411 5573 Deposits 150066 161971 174006 Borrowings 3670 4765 4239 Other Liabilities & Provisions 4375 5375 6287 TOTAL 168867 184082 196665 ASSETS Cash and Balances with Reserve Bank of 10354 7571 12882 Balances w
Slide 18: Total Business, Advances and Deposits
As on Particulars Mar 20 Dec 20 Mar 21 Total Business 2,44,955 2,66,875 2,81,659 Gross Advances 94,889 1,04,904 1,07,654 Total Deposits 1,50,066 1,61,971 1,74,006 Mar-20 Dec-20 Mar-21 38.74% 39.31% 38.22% 61.26% 61.78% 60.69% 18 www.bankofmaharashtra.in Total Deposit Gross Advances
Slide 19: CASA Deposits
1,00,000 93,945 55.00 85,000 80,125 82,452 54.00 75,475 75,824 53.00 70,000 52.00 55,000 75,402 66,870 68,299 51.00 61,086 63,814 40,000 50.00 25,000 49.00 10,000 14,389 18,543 48.00 12,011 13,255 14,153 -5,000 47.00 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 CASA 75,475 7
Slide 20: Investment Portfolio
70,000 68,647 63,581 64,638 61,150 60,000 58,171 50,000 36,266 40,425 47,235 44,469 40,000 38,042 30,000 20,000 24,680 23,075 21,411 10,000 20,122 20,169 0 Mar 20 Jun 20 Sep 20 Dec 20 Mar 21 Gross Investment 58,171 61,150 63,581 64,638 68,647 HTM 38,042 36,266 40,425 44,469 47,235 AFS 20,122 24,680
Slide 21: Advances by Segment
Mar 20 Dec20 Mar 21 22,810 27,540 28,651 40,593 39,668 40,530 14,385 16,467 16,202 17,164 20,304 23,133 Retail Agriculture Particulars Mar 20 Dec 20 Mar 21 MSME Corporates & others Retail 22,810 27,540 28,651 Agriculture 14,385 16,467 16,202 MSME 17,164 20,304 23,133 Corporates & others 40,530 40,59
Slide 22: Retail Advances
Particulars Mar 20 Mar 21 Y-o-Y Growth % Gross Advances 94,889 1,07,654 13 27% of which RETAIL 22,810 28,651 26 Housing 14,915 17,909 20 6% 63% 4% Education 1,228 1,288 5 Vehicle 1,445 1,800 25 Others 5,222 7,654 47 Housing Education Vehicle Others 22 www.bankofmaharashtra.in
Slide 23: Agriculture Advances
Particulars Mar 20 Mar 21 Y-o-Y Growth % Gross Advances 94,889 1,07,654 13 26.17% of which AGRICULTURE 14,385 16,202 13 49.67% Farm Credit 3.04% 10,555 11,469 9 3.60% (Crop, Investment & Allied) Agri Infrastructure 404 493 22 17.52% Agri Ancillary Activities 3,426 4,240 24 Crop Loans Investment Cred
Slide 24: MSME Advances
Particulars Mar 20 Mar 21 Y-o-Y 7% Growth % Gross Advances 94,889 1,07,654 13 31% of which MSME 17,164 23,133 35 62% Micro 9,808 14,440 47 Small 6,254 7,172 15 Medium 1,102 1,521 38 Micro Small Medium 24 www.bankofmaharashtra.in
Slide 25: Retail and MSME Sanction and Disbursement
Retail MSME 4,000 4,000 3,000 3,000 2,000 2,000 1,000 1,000 - - Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Sanction 2,105 667 3,359 3,229 3,725 Sanction 2,689 2,500 1,664 2,305 3,761 Disbursement 1,983 6
Slide 26: Rating Profile of Borrowers
Mar 21 Mar 20 Dec-20 Mar-21 Particulars No. of Balance No. of Balance No. of Balance 18.60% Borrower (F+NF) Borrower (F+NF) Borrower (F+NF) STD Borrowers eligible 964 49,376 1,125 53,311 1,132 58,118 6.49% for external rating 13.58% of which AAA 15 9,101 14 6,711 15 7,019 MAR 20 12.02% AA 56 9,717 4
Slide 27: Sector-wise Exposure
Chemicals & Chemical Products 1.26 Commercial Real Estate 1.27 Food Credit 1.41 All Engineering 1.46 Basic Metal & Metal Product 1.75 Textiles 1.85 Housing Finance Companies (HFCs) 2.21 Professional and Other Services 4.12 Non-Banking Financial Companies (NBFCs) other than Public Financial… 4.62 Tra
Slide 28: Advances by Asset Classification
Mar 20 Dec 20 Mar 21 0.38% 0.48% 8.37% 0.50% 6.72% 0.44% 4.05% 1.66%5.12% 87.19% 92.30% 92.77% Standard Sub-Standard Doubtful Loss Particulars Mar 20 Dec 20 Mar 21 Standard 82,737 96,832 99,874 Sub-Standard 3,845 520 1,790 Doubtful 7,944 7,050 5,513 Loss 364 503 476 www.bankofmaharashtra.in 28 Total
Slide 29: Gross NPA and Net NPA Trend
0 12.81% 0 0 10.93% 0 8.81% 0 7.69% 7.23% 0 0 0 4.77% 4.10% 0 3.30% 2.59% 2.48% 0 0 Mar 20 June 20 Sept 20 Dec 20 Mar 21 Gross NPA % 12.81% 10.93% 8.81% 7.69% 7.23% Net NPA % 4.77% 4.10% 3.30% 2.59% 2.48% 29 www.bankofmaharashtra.in
Slide 30: NPA Movement
Quarter Ended Year Ended Particular Mar-20 Dec-20 Mar-21 Mar-20 Mar-21 Opening Level of Gross NPAs 15,746 9,105 8,072 15,324 12,152 Total Reductions 4,554 1,049 2,372 7,213 6,575 of which : Recovery + 511 275 738 1,330 1,644 Upgradation Gross Addition 960 16 2,079 4,041 2,202 of which : Variable 18
Slide 31: Sector-wise NPA
As on Mar 20 Dec 20 Mar 21 Sectors Sector Sector Sector Sector Sector Sector Advance Advance Advance NPA NPA (%) NPA NPA (%) NPA NPA (%) Agriculture 14,385 3,726 25.90 16,467 3,340 20.28 16,202 3,450 21.29 Retail 22,810 756 3.32 27,540 659 2.39 28,651 682 2.38 Micro & Small 16,062 2,160 13.45 19,220
Slide 32: Retail Sector NPA
Mar 20 Dec 20 Mar 21 Sector Gross Sector Sector Gross Sector Sector Gross Sector Sector Advance NPA NPA (%) Advance NPA NPA (%) Advance NPA NPA (%) Total Retail Credit 22810 756 3.32 27540 659 2.39 28651 682 2.38 of which Housing 14915 585 3.92 16813 527 3.14 17909 493 2.75 Education 1228 74 6.05 12
Slide 33: SMA-1 and SMA-2 Accounts
Particulars Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Gross Advances 94889 96621 103408 104904 107654 SMA - 2 702 147 502 4815 1275 SMA - 1 2128 825 2471 7524 3629 5.00 8.0 7.0 4.00 7.17 6.0 3.00 5.0 4.0 4.59 2.00 3.0 3.37 2.0 2.39 1.00 0.15 0.49 2.24 0.85 1.18 1.0 0.74 - 0.0 Mar-20 Jun-20 Sep-20 Dec-20 Ma
Slide 34: Restructured Advances by Segment
1600 1400 242 1200 - 1000 302 519 800 181 600 268 400 881 660 200 378 0 Mar 20 Dec 20 Mar 21 Retail - 181 242 MSME 302 268 519 Corporate 881 378 660 34 www.bankofmaharashtra.in
Slide 35: Capital Adequacy
14.49 14.00 13.52 13.65 12.00 10.00 10.98 8.00 10.67 10.54 6.00 4.00 2.00 3.52 2.85 3.11 - Mar 20 Dec 20 Mar 21 CRAR (%) 13.52 13.65 14.49 Tier I Capital (%) 10.67 10.54 10.98 Tier II Capital (%) 2.85 3.11 3.52 35 www.bankofmaharashtra.in
Slide 36: Digital Banking: E-transactions and Mobile Banking
E-transaction (%) Mobile Banking Transactions 100 91.98 91.89 94.02 94.17 2 0.93 1.04 90 1 0.72 0.78 80.79 0.61 80 1 70 0 Mar 20 Jun 20 Sep 20 Dec 20 Mar 21 Mar 20 Jun 20 Sep 20 Dec 20 Mar 21 SMS Alert Subscription Mobile Banking Users 14.70 1.36 14.80 2 1.20 14.42 1.09 14.40 0.94 14.11 1 0.83 14.00
Slide 37: Internet Banking and UPI/BHIM
Internet Banking Users UPI/BHIM Transactions 1.45 1.53 1.60 1.29 1.36 150 129.97 1.26 116.71 1.20 100 75.47 61.53 62.08 0.80 50 0.40 - 0 Mar 20 Jun 20 Sep 20 Dec 20 Mar 21 Mar 20 Jun 20 Sep 20 Dec 20 Mar 21 Internet Banking Transactions UPI/BHIM Users 4 3.38 1.50 1.46 3.10 2.44 2.64 1.39 1.40 1.35 1
Slide 38: Financial Inclusion: PMJDY and Insurance Schemes
No. of PMJDY Accounts No. of policies issued under Pradhan Mantri Suraksha Bima Yojana 7.00 6.82 6.68 6.80 6.52 4 3.11 6.60 3 2.28 2.29 2.33 2.38 6.28 6.40 6.17 6.20 2 6.00 1 5.80 0 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Deposit in PMJDY Accounts No.of Enrollments unde
Slide 39: www.bankofmaharashtra.in
39 www.bankofmaharashtra.in
Slide 40: Shareholding Pattern and Key Ratios
Govt of India Banks, Fis & Insur Co FIIs & NRIs Others 93.33% 2.96% 0.16% 3.55% As on Particular Mar 20 Dec 20 Mar 21 No. of Share (crore) 582.41 656.02 656.02 Net wort h (Rs in crore) 6,986 7,794 8,019 Book Value per share 11.99 11.88 12.22 Ret urn on Equit y (%) (Quart er ended) 3.74 7.91 8.24 40
Slide 41: Thank You
Thank You www.bankofmaharashtra.in