Indian Bank · NSE:INDIANB
Indian Bank — Q4 FY2024 Earnings Presentation
49 slides from Indian Bank's earnings presentation, May 6, 2024
Slide 1: Exchange filing cover letter on audited results presentation
निवेशक सेवाएँ कक्ष INVESTOR SERVICES CELL Ref. No.: ISC/50/2024-25 Date: 06.05.2024 The Vice President The Vice President National Stock Exchange of India Ltd. BSE Ltd. Exchange Plaza,Bandra- Kurla Complex 25, P. J. Towers Bandra East, Mumbai-400 051 Dalal Street, Mumbai-400001 NSE Symbol: INDIANB B
Slide 2: Performance Analysis Q4 / FY24
Performance Analysis Q4 / FY24 SHG Loans…Your Home Loan… Rupay Select SCANtastic venture’s growth from house Credit card.. payments every begins here! hunting to home Swipe happiness time through sweet home on every move IndOASIS App Ind Supreme 300 Jewel Loan… IND GST Cardless Cash Days & Ind Super
Slide 3: Contents
Contents Topic Page 1 Performance Highlights 3 2 Business Snapshot 6 3 Financials 14 4 Capital & Risk Management 24 5 Asset Quality 27 6 Financial Inclusion 34 7 Digital Banking & Business Network 36 8 ESG, Group Entities & Awards 42 2/48
Slide 4: Performance Highlights Q4 FY24 (YoY)
01 Performance Highlights Q4 FY24 (YoY) 3/48
Slide 5: Performance Highlights Q4 FY24 (YoY)
Performance Highlights Q4 FY24 (YoY) Business Deposits Advances CASA : 8% CD Ratio ₹ 12.22 lakh Cr ₹ 6.88 lakh Cr ₹ 5.34 lakh Cr SB: 7% 77.58% 12% 11% 13% CA: 9% Business RAM Retail Agriculture MSME Corporate Credit ₹ 3.10 lakh Cr ₹ 104735 Cr ₹ 121062 Cr ₹ 84121 Cr ₹ 188242 Cr 10% 14% 15% 19% 6% Gro
Slide 6: Consistent Performance (Since Amalgamation)
Consistent Performance (Since Amalgamation) Business (₹ lakh Cr) RAM (₹ lakh Cr) 12.2 3.1 10.9 2.7 10.1 2.4 9.3 2.2 8.6 2.0 6.9 5.9 6.2 4.9 5.4 5.3 4.7 3.7 3.9 4.2 Mar-20 Mar-21 Mar-22 Mar-23 Mar-24 Mar-20 Mar-21 Mar-22 Mar-23 Mar-24 Business Deposits Advances RAM Net Interest Income (₹ in Cr) Profi
Slide 7: Business Snapshot
02 @ Business Snapshot 6/48
Slide 8: Business Snapshot
Business Snapshot ₹ in Cr Domestic Deposits Sl No Parameter 31.03.2023 31.12.2023 31.03.2024 QoQ (%) YoY (%) 1 Deposits 621166 654154 688000 5 11 Domestic Deposits 608027 629401 661826 Domestic 608027 629401 661826 5 9 Domestic CASA 260239 258922 280012 Overseas 13139 24753 26174 6 99 33301 38598 De
Slide 9: Advances (Domestic)
Advances (Domestic) ₹ in Cr Sector 31.03.2023 31.12.2023 31.03.2024 YoY (%) Gross Advances-Domestic 443921 474355 498160 12 Retail 31.03.2023 31.12.2023 31.03.2024 YoY (%) Home Loan (Incl.Mortgage loans) 59840 64343 66423 11% Retail 91086 99251 104735 15 Auto Loan 5377 7291 8016 49% Agriculture 1019
Slide 10: Priority Sector Lending
Priority Sector Lending ₹ in Cr Achievement RBI Benchmark Mandatory Target Segment (as on 31.03.24) (Excluding PSLC) (as % of ANBC) (Amount) Amount % Priority Sector 40.00% 162946 178527 43.82% Surpassed all the mandatory targets stipulated by RBI under Agriculture 18.00% 73326 83590 20.52% Priority
Slide 11: Sector Deployment – Domestic Advances
Sector Deployment – Domestic Advances ₹ in Cr % share % share YoY Sector 31.03.2023 to Gross 31.03.2024 to Gross (%) Advances Advances Infrastructure 54857 12 61254 12 12 of which Power 20271 5 22006 4 9 Port and Road Project 8495 2 8696 2 2 Other infrastructure 26091 5 30552 6 17 Basic Metal 9729 2
Slide 12: External Rating-wise Advances
External Rating-wise Advances ₹ in Cr External Rating 31.03.2023 31.12.2023 31.03.2024 (More than Rs. 10 Cr, For CRE/MSME > Rs. 25 Cr) Exposure % to Total Exposure % to Total Exposure % to Total Rated Exposure AAA 44055 15% 41827 14% 45390 15% AA 68717 24% 75911 26% 76977 26% A 64914 23% 67901 23% 6
Slide 13: Standard NBFC Advances
Standard NBFC Advances ₹ in Cr Standard NBFC 31.03.2023 % 31.12.2023 % 31.03.2024 % NBFC - HFCs 18302 31% 16395 31% 16393 30% NBFC - PSUs 5112 8% 1680 3% 1287 3% NBFC - MFIs 2108 4% 1850 4% 1711 3% NBFC - Others 33750 57% 32984 62% 35105 64% Total 59272 100% 52909 100% 54496 100% Rating of Standard
Slide 14: Investments (Domestic)
Investments (Domestic) ₹ in Cr S No Details 31.03.2023 31.12.2023 31.03.2024 YoY (%) 1 SLR Investments 148627 160820 162527 9 Of which Central Government Securities 94158 99285 95913 2 State Government Securities 51696 59819 65767 27 Treasury Bills 2773 1716 847 -69 Other Approved Securities 0 0 0 -
Slide 15: Financials
03 ®@ Financials 14/48
Slide 16: Operating Profit & Net Profit
Operating Profit & Net Profit ₹ in Cr Quarter Ended Year Ended Sl No Components 31.03.2023 31.12.2023 31.03.2024 QoQ (%) YoY (%) 31.03.2023 31.03.2024 YoY (%) 1 Interest Income 12244 14198 14624 3 19 44942 55615 24 2 Interest Expenses 6736 8383 8609 3 28 24717 32341 31 3 Net Interest Income (1-2) 55
Slide 17: Income
Income ₹ in Cr Quarter Ended Year Ended Sl No Components 31.03.2023 31.12.2023 31.03.2024 QoQ (%) YoY (%) 31.03.2023 31.03.2024 YoY (%) 1 Interest Income on Advances and Discount on Bills 8850 10349 10637 3 20 31941 40619 27 2 Interest on investments 3066 3420 3549 4 16 11647 13402 15 3 Other intere
Slide 18: Fee Income
Fee Income ₹ in Cr Quarter Ended Year Ended Sl No Components 31.03.2023 31.12.2023 31.03.2024 QoQ (%) YoY (%) 31.03.2023 31.03.2024 YoY (%) 1 Transaction fees 164 184 196 7 20 704 759 8 2 Loan processing charges 208 190 219 15 5 693 747 8 3 Commission on Government business 22 20 27 35 23 76 82 8 4
Slide 19: Expenses
Expenses ₹ in Cr Quarter Ended Year Ended Sl No Components 31.03.2023 31.12.2023 31.03.2024 QoQ (%) YoY (%) 31.03.2023 31.03.2024 YoY (%) 1 Interest on deposits 6327 7915 8115 3 28 23184 30494 32 2 Interest on borrowings 174 86 121 41 -30 616 331 -46 3 Other interest expenses 235 382 373 -2 59 917 1
Slide 20: Overhead Expenses
Overhead Expenses ₹ in Cr Quarter Ended Year Ended Sl No Components 31.03.2023 31.12.2023 31.03.2024 QoQ (%) YoY (%) 31.03.2023 31.03.2024 YoY (%) 1 Rent, Taxes & Lighting 172 160 159 -1 -8 621 636 2 2 Depreciation 129 130 125 -4 -3 529 524 -1 3 Insurance 208 225 224 -0.4 8 814 874 7 4 Travelling an
Slide 21: Provisions & Net Profit
Provisions & Net Profit ₹ in Cr Quarter Ended Year Ended Sl No Components 31.03.2023 31.12.2023 31.03.2024 QoQ (%) YoY (%) 31.03.2023 31.03.2024 YoY (%) 1 Operating Profit 4016 4097 4305 5 7 15271 16840 10 2 Total Provisions 2569 1978 2058 4 -20 9989 8777 -12 Of which NPA - Advances 1040 905 900 -1
Slide 22: Performance Ratios
Performance Ratios % Annualised Sl Quarter Ended Year Ended Ratios No 31.03.2023 31.12.2023 31.03.2024 31.03.2023 31.03.2024 1 Cost of Deposits 4.33 4.99 5.01 4.09 4.88 2 Cost of Funds 4.44 5.09 5.13 4.14 4.99 3 Yield on Advances 8.17 8.78 8.81 7.76 8.72 4 Yield on Investments 6.62 6.80 6.88 6.45 6.
Slide 23: Performance Ratios
Performance Ratios % Cost of Deposits Yield on Advances Cost of Funds Yield on Funds 8.72 8.28 7.45 7.76 7.21 7.03 7.49 6.80 4.88 4.44 4.09 3.97 4.99 4.43 3.90 4.14 FY 21 FY 22 FY 23 FY 24 FY 21 FY 22 FY 23 FY 24 Return on Assets (RoA) Return on Average Networth (RoE) Earnings per Share (₹) Book Val
Slide 24: Balance Sheet
Balance Sheet ₹ in Cr Liabilities 31.03.2023 31.03.2024 Capital 1245 1347 Reserves & Surplus 46727 57041 Deposits 621166 688000 Borrowings 22073 23131 Other Liabilities & Provisions 19290 23100 Total 710501 792619 Assets 31.03.2023 31.03.2024 Cash & Balance with RBI 32693 32703 Bal. with banks & mon
Slide 25: Capital & Risk Management
04 Capital & Risk Management 24/48
Slide 26: Capital & Risk Management
Capital & Risk Management ₹ in Cr S No Parameters 31.03.2023 31.12.2023 31.03.2024 CET 1 Additional Tier I Tier II 1 Common Equity Tier I (CET 1) 42984 46977 53031 2 Additional Tier I 1980 1988 2000 3.01% 2.41% 2.70% 3 Tier II 10028 10268 9453 0.59% 0.51% 0.52% 4 Total Capital (1+2+3) 54992 59234 64
Slide 27: Share Holding & Ratings
Share Holding & Ratings Ratings As on 31.03.2024 Issuer Credit Rating (Global) S & P Global Ratings Mutual Funds: 11.71% BBB- / Stable/ A-3 Resident Individual: 3.00% Insurance Companies: 4.71% Government of India AT-1 & Tier -2 Bond’s Rating 73.84% FPI,FII, NRI & AIF: 5.95% Employees: 0.43% HUF,Tru
Slide 28: Asset Quality
05 ® Asset Quality 27148
Slide 29: Asset Quality
Asset Quality Amount ₹ Cr Gross NPA Net NPA Gross NPA Net NPA % 28180 22787 5.95 21106 4.47 3.95 4044 0.90 2579 0.53 2223 0.43 Mar-23 Dec-23 Mar-24 Mar-23 Dec-23 Mar-24 PCR (Incl TWO) PCR (Excl TWO) % Credit Cost Slippage Ratio 96.34 2.43 95.90 93.82 89.47 88.68 1.28 85.65 1.11 0.96 0.76 0.73 Mar-23
Slide 30: Movement of NPA
Movement of NPA ₹ in Cr Quarter Ended Year Ended S No Details 31.03.2023 31.12.2023 31.03.2024 31.03.2023 31.03.2024 Fresh slippages 1 Gross NPA opening balance 29484 24488 22787 35214 28181 ADDITIONS : Q4 QE QE Fresh Slippages 2566 1429 1238 6642 6635 Category FY 23 FY 24 Mar 23 Dec 23 Mar 24 To ol
Slide 31: Sector-wise NPA
Sector-wise NPA ₹ in Cr 31.03.2023 31.12.2023 31.03.2024 S % to % to % to Sector Gross Gross Gross No respective respective Outstanding respective NPA NPA NPA portfolio portfolio portfolio 1 Retail Credit 3168 3.48% 2277 2.29% 104735 2071 1.98% Of which Home Loan 1491 2.89% 1116 2.04% 56340 949 1.68
Slide 32: NCLT & NARCL
NCLT & NARCL ₹ in Cr 31.03.2024 FY 23 FY 24 Category Recovery from NCLT No.of Accounts Exposure Provision PCR% No of A/cs Amount No of A/cs Amount RBI List I 6 1224 1224 100% 61 568 54 1345 NCLT Through Resolution RBI List II 10 2853 2853 100% Under Liquidation 78 461 68 472 Accounts filed by Bank 2
Slide 33: Special Mention Account (SMA)
Special Mention Account (SMA) ₹ in Cr ₹5 Cr and above 31.03.2023 31.12.2023 31.03.2024 % to % to % to Respective Respective Respective Sector SMA 1 SMA 2 Total Sector SMA 1 SMA 2 Total Sector SMA 1 SMA 2 Total Sector Standard Standard Standard Advances Advances Advances Retail 92 74 166 0.19% 193 58
Slide 34: COVID Restructuring (sector-wise)
COVID Restructuring (sector-wise) ₹ in Cr Reduction during the Addition during the QE Mar'24 QE Mar'24 Outstanding as Outstanding as Addition Recovery on 31.12.2023 Upgradation on 31.03.2024 Provision Sector (Interest/ Percentage (Standard) NPA to Recovery Fresh NPA (Standard) Additional funding/ st
Slide 35: Financial Inclusion
06 Financial Inclusion 34/48
Slide 36: Financial Inclusion
Financial Inclusion Number of Enrolments (in Lakhs) * 157 Mar'23 Dec'23 Mar'24 S No FI Parameters Mar'23 Dec'23 Mar'24 142 102 1 BCs engaged (Nos.) 10750 10942 11297 58 64 2 PMJDY Accounts under BSBDA (No. in lakhs) 205 219 224 44 32 37 38 3 Balance in PMJDY accounts (₹ in Cr) 9342 10245 11106 PMSBY
Slide 37: Digital Banking & Business Network
07 Digital Banking & Business Network 36/48
Slide 38: Digital Migration
Digital Migration Branch transactions Vs Digital transactions 89% +5% 87% 85% +4% 82% 15% 18% 11% 13% QE Mar 23 QE Mar 24 FY23 FY24 ATM, BNA & Digital Transactions Branch Transactions Transactions through ATM, BNA & Digital Channels improved by 5% YoY 37/48
Slide 39: Digital Banking
Digital Banking In lakhs Mobile Banking UPI Users Transactions Users Remitter Transactions YoY 21% YoY YoY 37% 45% YoY 167 642 175 73% 35339 530 128 115 20450 Mar-23 Mar-24 YE Mar 23 YE Mar 24 Mar-23 Mar-24 YE Mar 23 YE Mar 24 Card users UPI QR - No. of merchants on-boarded Net Banking Users Debit C
Slide 40: IT Infrastructure & Digital Initiatives
IT Infrastructure & Digital Initiatives Middleware (Enterprise Centralized Branch Service Bus and API Server (NBC) Management) CSOC Digital Lending Cloud Adoption Platform OMNI Channel • Implemented Middleware to • Project PARADISE • Dynamic front-end solution serve as a common bus for • Journeys fo
Slide 41: Business Network –31.03.24
Business Network –31.03.24 Domestic Branches Region-wise ATMs & Corporate Office BNAs 5847 4937 Northern Field General Manager Zonal Offices 90 Overseas Branches Offices 14 Business 691 Correspondents 141 11297 3 +1 IBU Central 1424 Pan India Touch Points: 22082 408 Eastern 1250 Overseas 3+ 1 IBU Ru
Slide 42: Staff Position & HRM Initiatives
Staff Position & HRM Initiatives Domestic Average % of Total Male Female (As on 31.03.24) age of staff Female Officers 25610 18395 7215 38 28% Clerks 12089 7693 4396 38 36% Sub-staff 2239 1932 307 46 14% Full Time Sweepers 249 189 60 46 24% Total 40187 28209 11978 38 30% Performance Management Syste
Slide 43: ESG, Group Entities & Awards
08 ESG, Group Entities & Awards 42/48
Slide 44: Environmental, Social & Governance
Environmental, Social & Governance Policy on Green Deposits incentivizes eco-friendly E Installed Lighting sensor in Corporate/Head Office investments Donated Solar Water Heater in other organisations Premises Gold rated Green Certified Corporate Office building LED light fittings in branches/ offic
Slide 45: Joint Venture & Subsidiary
Joint Venture & Subsidiary 31.03.2024 (Provisional) Joint venture Subsidiary Wholly Owned Subsidiary Incorporated on 09.02.2024 Consortium of credible Public & Private In the business of Stock Broking & DP MD & CEO appointed on 2nd March 2024 Corporate entities from India and Sompo of List
Slide 46: Regional Rural Banks (RRBs)
Regional Rural Banks (RRBs) ₹ in Cr Tamil Nadu Grama Bank Saptagiri Grameena Bank Puduvai Bharathiar Grama Bank Total of 3 RRBs Parameters YE YE YE YE Mar-23 Mar-24 YoY Mar-23 Mar-24 YoY Mar-23 Mar-24 YoY Mar-23 Mar-24 YoY Business 40417 45913 14% 22059 25963 18% 2251 2659 18% 64727 74535 15% Operat
Slide 47: Awards & Accolades
Awards & Accolades BFSI Award to • Bank for Use of Emerging Technology Awarded for in Banking Industry for Adoption of Cloud Computing for AiX Environment Most Preferred Workplace • Shri Deepak Sarda, CGM IT & (BFSI Edition) for 2023-24 Partnership CTO/CIO for the Best Digital Transformation Leader
Slide 48: Disclaimer
Disclaimer This presentation has been prepared by Indian Bank (the “Bank”) solely for information purposes, without regard to any specific objectives, financial situations or informational needs of any particular person. Certain forward-looking statements in these slides involve a number of risks, u
Slide 49: Thank You
Thank You ADYA… Automated Dost for Your Assistance