Bank Of Baroda · NSE:BANKBARODA

Bank Of Baroda — Q3 FY2024 Earnings Presentation

41 slides from Bank Of Baroda's earnings presentation, Jan 31, 2024

  1. Slide 1: Performance Analysis Q3 FY 2024

    Performance Analysis Q3 FY 2024 1

  2. Slide 2: Key Highlights

    Key Highlights © 2024 Bank of Baroda. All Rights Reserved Page | 2

  3. Slide 3: Key Highlights

    Key Highlights Business Details (INR crore) Key Performance Drivers Dec 31, 2022 Dec 31, 2023 YoY (%) Net Interest Margin (%) Net Profit (INR crore) Domestic Deposits 10,03,737 10,67,371 6.3 38.2% YoY 27 bps YoY International Deposits 1,45,770 1,77,929 22.1 Global Deposits 11,49,507 12,45,300 8.3 3.

  4. Slide 4: Financial Performance

    Financial Performance © 2024 Bank of Baroda. All Rights Reserved Page | 4

  5. Slide 5: Key Ratios

    Key Ratios Cost of Deposits Net Interest Margin Domestic Domestic Global International 3.54% 3.35% 3.19% 3.23% 3.27% 4.99% 5.00% 4.11% 4.92% 4.96% 4.74% 4.01% 4.45% Q3FY23 Q2FY24 Q3FY24 9MFY23 9MFY24 3.27% International 1.96% 2.04% 1.97% 1.86% 1.74% Q3FY23 Q2FY24 Q3FY24 Yield on Advances Domestic Gl

  6. Slide 6: Operating Performance

    Operating Performance Particulars Q3 FY23 Q2 FY24 Q3 FY24 YoY (%) 9M FY23 9M FY24 YoY (%) (INR crore) Interest on advances 17,106 20,827 21,697 26.8 44,979 62,338 38.6 Interest on investments 5,717 6,275 6,255 9.4 16,099 18,559 15.3 Other Interest income 717 759 652 -9.0 2,654 2,126 -19.9 Total Inte

  7. Slide 7: Non-Interest Income

    Non-Interest Income Particulars Q3 FY23 Q2 FY24 Q3 FY24 YoY (%) 9M FY23 9M FY24 YoY (%) (INR crore) Commission, Exchange, 680 1,104 683 0.5 2,072 2,532 22.2 Brokerage Incidental Charges 357 421 416 16.5 955 1,227 28.5 Forex Income 69 71 61 -11.6 200 178 -11.0 Other Miscellaneous Income 384 400 383 -

  8. Slide 8: Operating Expenses

    Operating Expenses Particulars Q3 FY23 Q2 FY24 Q3 FY24 YoY (%) 9M FY23 9M FY24 YoY (%) (INR crore) Employee Cost 3,348 3,706 3,809 13.8 9,577 11,269 17.7 of which: Salaries 2,521 2,895 2,997 18.9 7,226 8,872 22.8 Provisions for employees 827 811 812 -1.8 2,351 2,397 2.0 Other Operating Expenses 2,79

  9. Slide 9: Profit Position

    Profit Position Particulars Q3 FY23 Q2 FY24 Q3 FY24 YoY (%) 9M FY23 9M FY24 YoY (%) (INR crore) Operating Profit 8,232* 8,020 7,015 -14.8 18,791 22,859 21.7 Total Provisions 2,404 2,161 666 -72.3 5,717 4,774 -16.5 of which: 817 2,285 1,007 23.3 4,031 4,986 23.7 Provision for NPA & Bad Debts Written-

  10. Slide 10: Business Performance

    Business Performance © 2024 Bank of Baroda. All Rights Reserved Page | 10

  11. Slide 11: Deposits

    Deposits Particulars % share in Domestic Deposits in Dec’ 23 Dec’22 Dec’23 YoY (%) Sep’23 Dec’23 QoQ (%) (INR crore) Domestic CASA Deposits 4,17,812 4,34,337 4.0 4,28,320 4,34,337 1.4 Savings Deposits Domestic Saving 35% 3,52,620 3,69,761 4.9 3,66,561 3,69,761 0.9 Deposits Domestic Current Term 65,1

  12. Slide 12: Advances

    Advances Particulars Dec’22 Dec’23 YoY (%) Sep’23 Dec’23 QoQ (%) % share in Gross Domestic Credit in Dec’23 (INR crore) Retail* 1,66,861 2,03,627 22.0 1,93,682 2,03,627 5.1 Agriculture 15.6% Home Loans* 91,989 1,06,327 15.6 1,02,610 1,06,327 3.6 Auto Loans* 29,821 37,080 24.3 34,268 37,080 8.2 Mortg

  13. Slide 13: Industry-wise Outstanding

    Industry-wise Outstanding Dec'22 Dec'23 Particulars (INR crore) Outstanding Share Outstanding Share Rating Profile Infrastructure of which 1,06,813 14.0% 1,05,416 12.2% 1. Power 51,084 6.7% 52,609 6.1% 2. Telecom 7,999 1.1% 8,409 1.0% 3. Roads & Ports 34,505 4.5% 33,000 3.8% 4. Other Infrastructure

  14. Slide 14: Segment wise breakup & Ratings of NBFC Standard Outstanding

    Segment wise breakup & Ratings of NBFC Standard Outstanding NBFC Portfolio by Ownership Rating Profile of NBFCs Standard Outstanding* Particulars Sep’23 Dec’23 14% Outstanding Outstanding 13% % Share % Share (INR crore) (INR crore) Pvt others AAA 88,897 66.85 96,420 66.67 40% 39% Backed by Large Pri

  15. Slide 15: Treasury Operations

    Treasury Operations Particulars • Domestic investment book comprises of 70.60% in HTM; 29.23% in Dec ’22 Sep ’23 Dec ’23 AFS and 0.17% in HFT. (INR crore) • The percentage of Investments in SLR Securities to NDTL at Dec Domestic Investments 3,39,674 3,57,378 3,58,540 31, 2023 was at 27.31%. of which

  16. Slide 16: Financial Inclusion

    Financial Inclusion Total Financial Inclusion Accounts Balance /Avg Balance in FI accounts (in Lakh) 34,648 694 33,513 Zero Balance Accounts (%) 689 29,927 5.36% 5.18% 5.12% 668 4,482 4,864 4,992 Dec'22 Sep'23 Dec'23 Dec'22 Sep'23 Dec'23 Market Share* of BOB in PMJDY Accounts (%) Dec'22 Sep'23 Dec'2

  17. Slide 17: Asset Quality

    Asset Quality © 2024 Bank of Baroda. All Rights Reserved Page | 17

  18. Slide 18: Movement of NPAs

    Movement of NPAs Particulars Q3 FY23 Q2 FY24 Q3 FY24 9M FY23 9M FY24 (INR crore) A. Opening Balance 46,374 34,832 33,968 54,059 36,764 B. Additions 2,881 4,751 2,618 9,661 8,257 Out of which, Fresh Slippages 2,172 4,331 2,363 6,982 7,411 C. Reductions 7,397 5,615 4,268 21,862 12,703 Recovery 1,710 1

  19. Slide 19: Sectoral & Industry wise Contribution of NPAs

    Sectoral & Industry wise Contribution of NPAs Sector-wise NPA Industry-wise NPA Particulars (INR crore) Q3 FY23 Q2 FY24 Q3 FY24 Particulars (INR crore) Q3 FY23 Q2 FY24 Q3 FY24 Infrastructure of which 1,571 291 278 Corporate 7,514 2,282 2,218 1. Power 429 57 3 MSME 10,698 11,037 10,800 2. Telecom 3 1

  20. Slide 20: Asset Quality: Sectoral Fresh Slippages

    Asset Quality : Sectoral Fresh Slippages Fresh Slippages CRILC o/s SMA1 and SMA 2 (%) Particulars (INR crore) Q3 FY23 Q2 FY24 Q3 FY24 9M FY23 9M FY24 Corporate 13 1,806 299 1,107 2,282 MSME 836 893 871 2,054 2,040 0.40 Retail 551 483 553 1,154 1,094 0.22 0.24 Agriculture 723 563 532 1,733 1,283 Othe

  21. Slide 21: Exposure to NCLT Accounts

    Exposure to NCLT Accounts 50,021 99.89% 99.67% 36,063 99.43% 98.37% 97.84% 4,970 6,665 2,323 RBI 1 List RBI 2 List Accounts filed Accounts filed Total RBI 1 List RBI 2 List Accounts filed Accounts filed Total by BOB at by others at by BOB at by others at NCLT NCLT NCLT NCLT Exposure in INR Crore Pro

  22. Slide 22: Capital Adequacy

    Capital Adequacy © 2024 Bank of Baroda. All Rights Reserved Page | 22

  23. Slide 23: Capital Adequacy

    Capital Adequacy 16.24% 15.84% 14.93% 15.30% 15.14% Tier II 14.72% 2.25% 2.20% 2.31% 2.11% 2.05% 2.01% AT-1 1.75% 1.70% 1.62% 1.51% 1.79% 1.56% CET-1 12.24% 11.94% 11.57% 11.11% 11.62% 10.83% Dec'22 Mar'23 Jun'23 Sep'23 Dec'23 Consol Dec'23 Particulars (INR crore) Dec ’22 Sep ’23 Dec ’23 Dec ’23 (Co

  24. Slide 24: Retail Liabilities – Newly Launched Product Offerings

    Retail Liabilities – Newly Launched Product Offerings © 2024 Bank of Baroda. All Rights Reserved Page | 24

  25. Slide 25: New Savings and Current Products launched

    New Savings and Current Products launched SAVINGS ACCOUNT CURRENT ACCOUNT SCHEMES SCHEMES BOB PARIVAR My Family My Bank BOB SALARY Give Edge to your Savings BARODA NRI POWERPACK © 2024 Bank of Baroda. All Rights Reserved Page | 25

  26. Slide 26: Attractive Interest Rates offered on Term Deposit Products

    Attractive Interest Rates offered on Term Deposit Products bob Earth Green Deposit Coming soon….. Floating Rate Term Deposit Term Deposit Coming soon….. 2 to 3 Years *Including Sr. Citizen benefit of 0.50% and Non callable premium of 0.15% (on Term Deposit of more than One Year) © 2024 Bank of Barod

  27. Slide 27: Sustainability Initiatives

    Sustainability Initiatives © 2024 Bank of Baroda. All Rights Reserved Page | 27

  28. Slide 28: Sustainability Initiatives….1/3

    Sustainability Initiatives….1/3 Sustainable & Social Loans Efficiency & Green Initiatives Bank has executed an MOU with KFW, a -177- branches in rural/semi urban areas are Bank has set up rain water harvesting system in multilateral finance agency, under the being run on Solar Energy. Approx. 3500 s

  29. Slide 29: Sustainability Initiatives….2/3

    Sustainability Initiatives….2/3  Bank has a ‘Code of Ethics’ which is a landmark initiative for a Public Sector Bank. It follows a stakeholder centric approach and reaffirms the Bank’s commitment to each of our stakeholders. It also underlines the Bank’s responsibility to protect the environment an

  30. Slide 30: Sustainability Initiatives….3/3

    Sustainability Initiatives….3/3 Special campaign 3.0.  The Ministry of External Affairs (MEA) has been conducting the Special Campaign 3.0 on Swachhata within the offices of the Ministry located in various parts of the World. Accordingly, Bank has actively participated in the Campaign.  The Campai

  31. Slide 31: Employee Engagement

    Employee Engagement Awards Glimpses of Wellness Month 2023  Bank considers its employees as the most valuable assets and  Focus on Health and Wellness is a part of the Bank’s ‘Policy on Employee Engagement’. has been continuously undertaking multiple initiatives for ensuring One of the initiatives

  32. Slide 32: Digital Milestones

    Digital Milestones © 2024 Bank of Baroda. All Rights Reserved Page | 32

  33. Slide 33: Digital Milestones….1/2

    Digital Milestones….1/2 49% 24% 64% 94% SGB Sales through New FDs New RDs UPI Remittance Digital (through Digital) (through Digital) Success Rate Dec‘23 Source: NPCI 70% 2nd 3rd 3rd Credit Card Rank in Debit Card Rank in IMPS Rank in UPI sourced digitally# Issuance Beneficiary remittance Nov 23 Sour

  34. Slide 34: Digital Milestones…2/2

    Digital Milestones…2/2 7.19 Million 28% 86% Daily Txns on %FDs/RDs opened % IMPS txns through bob World through bob world bob world (Fin & Non-Fin) 78% 86% 79% Digital Passbook UPI handle % Billpay txns accessed through generated through through bob World bob world bob World 5.79 34% PPF Account Ave

  35. Slide 35: Consolidated Financials

    Consolidated Financials © 2024 Bank of Baroda. All Rights Reserved Page | 35

  36. Slide 36: Subsidiaries and JVs Performance

    Subsidiaries and JVs Performance Baroda BNP Paribas Asset IndiaFirst Life Insurance Co. Ltd. BOB Financial Solutions Limited Management India Pvt. Ltd. (Subsidiary Holding - 65%) (Subsidiary Holding – 100%) (Subsidiary Holding – 50.1%)  IndiaFirst Life recorded YoY de-growth of 8.6% in  Number of

  37. Slide 37: Subsidiaries and JVs Performance

    Subsidiaries and JVs Performance India Infradebt Limited Baroda Global Shared Services Limited BOB Capital Markets Limited (Joint Venture of 40.99%) (Subsidiary Holding – 100%) (Subsidiary Holding – 100%)  India Infradebt Limited focused on disbursement in  BGSSL total income grew by 36.98% YoY in

  38. Slide 38: Overseas Subsidiaries Performance

    Overseas Subsidiaries Performance Bank of Baroda (Uganda) Ltd. Bank of Baroda (Kenya) Ltd. Bank of Baroda (UK) Ltd. (Subsidiary Holding – 80%) (Subsidiary Holding – 86.7%) (Subsidiary Holding – 100%)  Total Deposits stands at INR 4,098.26 crore as  Total Deposits stands at INR 9,454.52 crore as 

  39. Slide 39: Balance Sheet and PL– Consolidated

    Balance Sheet and PL– Consolidated Particulars Particulars Dec ’22 Sep ’23 Dec ’23 Q3FY23 Q3FY24 YOY (%) (INR crore) (INR crore) CAPITAL & LIABILITIES Net Interest Income 11,672 12,040 3.2 Capital 1,036 1,036 1,036 Share Application Money Pending Non Interest Income 5,519 5,042 -8.6 0 0 0 Allotment

  40. Slide 40: 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 (

  41. Slide 41: Thank You

    Thank You © 2024 Bank of Baroda. All Rights Reserved Page | 41

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