Yes Bank Limited · NSE:YESBANK
Yes Bank — Q4 FY2024 Earnings Presentation
71 slides from Yes Bank's earnings presentation, Apr 27, 2024
Slide 1: Exchange filing cover letter
YBL/CS/2024-25/18 April 27, 2024 National Stock Exchange of India Limited BSE Limited Exchange Plaza, Corporate Relations Department Plot no. C/1, G Block, P.J. Towers, Dalal Street Bandra - Kurla Complex Mumbai – 400 001 Bandra (E), Mumbai - 400 051 Tel.: 2272 8013/15/58/8307 Tel.: 2659 8235/36 845
Slide 2: Yes Bank announces financial results for Q4 and year ended March 2024
April 27, 2024 YES BANK ANNOUNCES FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED MARCH 31, 2024 Key Highlights ▪ Net Profit for Q4FY24 at INR 452 Crs up 123.2% Y-o-Y & 95.2% Q-o-Q. FY24 Net Profit at INR 1,251 Crs up 74.4% Y-o-Y • NIMs for Q4FY24 steady Q-o-Q at 2.4% • Non-Interest Income: Strong
Slide 3: Financial Highlights
Financial Highlights Profit and Loss ▪ NII at INR 2,153 Crs for Q4FY24 up 2.3% Y-o-Y & 6.8% Q-o-Q. FY24 NII at INR 8,095 Crs up 2.2% Y-o-Y ▪ NIMs at 2.4% for Q4FY24 vs.2.8% in Q4FY23 & 2.4% last quarter. FY24 NIMs at 2.4% ▪ Non-Interest Income for Q4FY24 at INR 1,569 Crs, up 56.3% Y-o-Y & 31.3% Q-o-
Slide 4: Asset Quality
Asset Quality ▪ (NNPA + net carrying value of SR) as % of Advances at 1.1% in Q4FY24 v/s. 1.7% in Q3FY24 and 2.4% in Q4FY23 • GNPA ratio at 1.7% as of Mar 31, 2024, v/s 2.0% at Q3FY24 and 2.2% at Q4FY23 • NNPA ratio improved to 0.6% v/s. 0.9% last quarter and 0.8% at Q4FY23 ▪ Gross Slippages for Q4F
Slide 5: Financial Highlights from Q4FY24 & FY24 Results
Email: neha.chandwani@yesbank.in Financial Highlights from Q4FY24 & FY24 Results Profit & Loss Statement Highlights (INR Cr) Q4FY24 Q3FY24 QoQ % Q4FY23 YoY % FY24 FY23 Growth % Net Interest Income 2,153 2,017 6.8% 2,105 2.3% 8,095 7,918 2.2% Non-Interest Income 1,569 1,195 31.3% 1,004 56.3% 5,114 3,
Slide 6: Investor Presentation Q4FY24 and FY24 Financial Results
INVESTOR PRESENTATION Q4FY24 and FY24 Financial Results April 27, 2024
Slide 7: New Generation, Professionally Run Private Sector Bank with a Scalable Platform
New Generation, Professionally Run Private Sector Bank with a Scalable Platform • 6th Largest Private Sector 1, Universal Bank offering comprehensive suite of product and services via its pan India network of 1,234 branches, 219 BCBOs and 1,290 ATMs (including CRMs and BNAs) in over 300 districts of
Slide 8: A Unique Turnaround undertaken amidst a difficult backdrop
A Unique Turnaround undertaken amidst a difficult backdrop by a Seasoned Professional Team All figures in INR Crs Extreme Stress Conditions – Amidst Challenging Backdrop Bank now on the path of delivering Strong Growth Phase till FY18 Moratorium imposed in Mar’20 Mar’ 20 Apr’ 21 Jan’ 22 Onwards Prof
Slide 9: Contents
Contents Progress on Profitability Improvement Financial Results- Q4FY24 & FY24 YES BANK Franchise 4
Slide 10: Key Business Levers engaged to Improve Profitability
Key Business Levers engaged to Improve Profitability Resolution of PSL (Priority Sector Lending) shortfall related drag Focus Target Metrics Page No. Ensuring full PSL compliance1 through organic sourcing, BC partnerships and Inorganic Interventions Organic PSL balances & reduction in shortfall 7 Re
Slide 11: Several Underlying Business vectors continue to exhibit encouraging trends
Several Underlying Business vectors continue to exhibit encouraging trends All figures in INR Crs Higher share of RoA Accretive Retail Products Increasing share of Internal Sourcing in Retail Advances Strong growth in Retail & Branch Banking Deposits RoA Accretive Products Other Retail Products Sour
Slide 12: Significant progress on ensuring PSL compliance
Significant progress on ensuring PSL compliance Substantial rise in Organic balances; Negligible Shortfall in PSL sub-categories in FY24 Comprehensive strategy adopted & currently under execution to reduce the quantum of RIDF balances over 2-3 years timeframe • Reduction in shortfalls in PSL sub-cat
Slide 13: Balance Sheet mix to largely stabilize from hereon
Balance Sheet mix to largely stabilize from hereon Stabilization in mix to drive improvement in efficiency and profitability outcomes at the Bank level Significant shift in Balance Sheet and Income mix towards higher C/I intensive segments over the last few years. Advances mix expected to largely st
Slide 14: Retail Assets- Product and Sourcing Mix calibration
Retail Assets- Product and Sourcing Mix calibration oriented towards profitability improvement All figures in INR Crs Broadly retained product risk profile through Mix Optimization within existing product 1 Calibration in Disbursement growth with focus on ROA Accretive Products 2 categories Disburse
Slide 15: SME Segment: Niche Segment with Proven Expertise
SME Segment: Niche Segment with Proven Expertise Granular Book with improving Income generation All figures in INR Crs 1 High quality & well diversified granular book with best-in-class Asset Quality 2 Sustainable Product Mix Book Split by Ticket Size (count of customers) SME GNPA % 19% 5%4% 0 - 0.5
Slide 16: Mid Corporate Segment
Mid Corporate Segment Strong Competitive Advantage aided by Relationships, Expertise & Solutioning All figures in INR Crs 1 Steady growth in Balances in the Mid Corporate segment 2 Strong source of Fee Income FY22 FY23 FY24 Mid Corp. Fees As % of Advances 600 31% CAGR 509 2.4% 34,393 500 29% CAGR 2.
Slide 17: Maximizing Branch Distribution as Fulcrum of Business
Maximizing Branch Distribution as Fulcrum of Business Leveraging existing (and growing) network to offer full spectrum of products All figures in INR Crs Branch Banking led Deposits: 22.3% CAGR (FY22-FY24) Deposits Outperformance in Branch Banking – even Branch led sourcing of Assets and distributio
Slide 18: Non-Interest Income: Strong Traction in Granular and Transactional Fee Streams
Non-Interest Income: Strong Traction in Granular and Transactional Fee Streams 1 Strong Traction in Non-Interest Income, even higher in the case of Core Fees 1 2 Steadily Rising Contribution in RoA FY22 FY23 FY24 Core Fees as % of Assets 1.27% 25.2% CAGR 5,114 27.6% CAGR 4,837 3,685 3,502 3,263 2,97
Slide 19: Digital @ Banking
Digital @ Banking A blend of distinctive capabilities, integrated strategy and multi pronged delivery channels aimed at enhancing skill with better efficiency and profitability Distinctive Capabilities Business Integrated Strategy Multi Pronged Delivery Market Leadership – YBL processes ~1 in 3 ‘Del
Slide 20: Augmenting Digital & Transaction Banking Stack
Augmenting Digital &Transaction Banking Stack Customer Journeys and Internal Tools & Workflows Retail Customers MSME & Corporate Customers Employee Recent Add-ons Book of Work Customers Employees Customers Employees 1. Digital LRS (Liberalized Remittance Scheme) – Pilot completed 1. Gen Next AI: Usi
Slide 21: IRIS – A Next Gen all-in-one Retail Super App
IRIS – A Next Gen ‘all-in-one’ Retail SUPER APP Gaining Strong Traction Since Go Live in Aug 2023 57 lakh 23.3 lakh ~15,600 Service Registered PL Sourced Request Users Handled 16.7 Lakh 2.8 Lakh Monthly 103 lakh RuPay Cards Active Transactions issued Users1 1 Mar 2024 16
Slide 22: YES Connect: Enriched Customer Experience
YES Connect : Enriched Customer Experience Super App for Businesses API’fication of our Marketplace model Sachetization of Solutions across Industry Segments (YES Bank + Partner Offerings) YES Bank Services Partner Services Smart FinTechs Collections E-Invoicing Remittances Retailers Exchange Houses
Slide 23: Ecosystem Partners
Ecosystem Partners Digitizing client journeys & creating inorganic client acquisition funnel through Fintech partnerships Partnership roadmap of Digital & Transaction Banking Source Digital Onboard Digital Transact Digital Service Phygital Monitor Digital ▪ Digital Acquisition at ▪ Digital Client On
Slide 24: Transaction Banking
Transaction Banking Leveraging the strength of solutioning, leading to granular CASA, NFB, Fee, NII & FX Revenue Sachetization of Transaction Banking: STRENGTHENING Curated Solutioning by Client Segments FRANCHISE 26% growth in Large Corporate NFB, 28% Market Leadership – YBL FinTech & 95% of our Co
Slide 25: Powering Digital India with our Distinctive Capabilities
Powering Digital India with our Distinctive Capabilities Powering over 1/3rd of all AePS in India (#1 by Txn Count) #1 PSP Bank Powering ~119 mn txn daily CAGR 31.0% (Q4FY22-Q4FY24) CAGR 34.2% (Q4FY22-Q4FY24) 120 36.2% 40.0% 41.5% 45.0% 38.3% 38.1% 110 35.0% 24.0 29.3% 35.9% 40.0% 25.2% 100 30.0% 21
Slide 26: Responsible franchise with sustainability at its core
Responsible franchise with sustainability at its core – Highest rated Indian Bank in ESG CRH S&P Global CDP Ranked highest FTSE4Good Highest rated Indian ESG Score Included in amongst 34 large Highest Score amongst Bank for climate scheduled commercial FTSE4Good Index disclosures 2023 – Indian banks
Slide 27: Integrating ESG considerations across the Bank's business and operations
Integrating ESG considerations across the Bank’s business and operations Environment Social Governance First Bank globally with an ISO 21% women participation* in the Bank’s 54% of the Directors on the Bank’s 14001:2015 certified Environmental workforce with a target to achieve 25% Board are Indepen
Slide 28: Contents
Contents Progress on Profitability Improvement Financial Results- Q4FY24 & FY24 YES BANK Franchise 23
Slide 29: Results At a Glance – Q4FY24 & FY24
Results At a Glance – Q4FY24 & FY24 All figures in INR Crs Arrows indicative of Q-o-Q Trends for Q4FY24 & Y-o-Y trends for FY24 Total Assets Advances Total Disbursements 2 Deposits CD Ratio Advances Mix Retail & SME: Mid Corp: Corporate 405,493 227,799 32,709 v/s. 266,372 85.5% v/s. 62%:15%:23% 4.7%
Slide 30: Highlights for Q4FY24 and FY24 (1)
Highlights for Q4FY24 and FY24 (1) 1 Balance Sheet Highlights 2 ▪ Balance Sheet crossed INR 4 lac Crs during the Quarter ▪ Robust Deposit accretion & improvement in CASA Ratio • Deposits grew 22.5% Y-o-Y and 10.1% Q-o-Q; CD Ratio at 85.5% v/s. 89.9% last quarter and 92.0% last year • CASA Ratio at 3
Slide 31: Highlights for Q4FY24 and FY24 (2)
Highlights for Q4FY24 and FY24 (2) 1 P&L Highlights 2 ▪ Net Profit at INR 452 Crs for Q4FY24 up 123.2% YoY and 95.2% Q-o-Q; FY24 Net Profit at INR 1,251 Crs up 74.4% Y-o-Y • RoA for Q4FY24 at 0.5% v/s. 0.2% in Q4FY23 & Q3FY24. FY24 RoA at 0.3% v/s. 0.2% in FY23 despite higher balances in Deposits pl
Slide 32: Non-Core/One-off gains utilised for step up in PCR, PSLC Costs and variable compensation
Non-Core/ One-off gains utilised for step up in PCR, PSLC Costs and variable compensation for employees All figures in INR Crs Figures in brackets expressed as % of Avg. Assets • Non- Core/ One- off Gains recognised during the quarter, aggregating to 1.29% of Assets 194 1,228 (on annualized basis) h
Slide 33: Profit and Loss Statement
Profit and Loss Statement All figures in INR Crs • Net Profit for Q4FY24 at INR 452 Crs up Quarter Ended Growth Year Ended Growth Profit and Loss Statement 123.2% Y-o-Y & 95.2% Q-o-Q. FY24 Net Q4FY24 Q3FY24 Q4FY23 Q-o-Q Y-o-Y FY24 FY23 Y-o-Y Profit at INR 1,251 Crs up 74.4% Y-o-Y Net Interest Income
Slide 34: Break Up of Non-Interest Income
Break Up of Non-Interest Income All figures in INR Crs • Non-Interest Income for Q4FY24 at INR 1 Quarter Ended Growth Year Ended Growth Break up of Non Interest Income 1,569 Crs, up 56.3% Y-o-Y and 31.3% Q-o-Q. Q4FY24 Q3FY24 Q4FY23 Q-o-Q Y-o-Y FY24 FY23 Y-o-Y Non- Interest Income for FY24 at INR 5,1
Slide 35: Break up of Operating Expenses
Break up of Operating Expenses All figures in INR Crs • Operating Expenses for Q4FY24 grew 27.0% 1 1 Quarter Ended Growth Year Ended Growth Break up of Operating Expenses Y-o-Y and 20.1% Q-o-Q. FY24 Opex growth Q4FY24 Q3FY24 Q4FY23 Q-o-Q Y-o-Y FY24 FY23 Y-o-Y was at 16.7% Y-o-Y Staff 1,026 911 854 1
Slide 36: Provisions and P&L
Provisions and P&L All figures in INR Crs • Provision cost for Q4FY24 down 34.4% Y-o-Y Quarter Ended Growth Year Ended Growth Break up of Provisions and 28.8% Q-o-Q Q4FY24 Q3FY24 Q4FY23 Q-o-Q Y-o-Y FY24 FY23 Y-o-Y • Q4FY24 Non-Tax provisions down 23.8% Operating Profit/(Loss) 902 864 889 4.4% 1.5% 3
Slide 37: Balance Sheet
Balance Sheet All figures in INR Crs • Balance Sheet grew 14.3% Y-o-Y Balance Sheet 31-Mar-24 31-Dec-23 31-Mar-23 Q-o-Q % Y-o-Y % • C/D ratio at 85.5% v/s. 89.9% in Assets 405,493 380,391 354,786 6.6% 14.3% Q3FY24 and 92.0% in Q4FY23 Advances 227,799 217,523 203,269 4.7% 12.1% • Advances growth at 1
Slide 38: Break up of Advances & Deposits
Break up of Advances & Deposits All figures in INR Crs • Stability in Balance Sheet mix Segmental Break up of Advances 31-Mar-24 31-Dec-23 31-Mar-23 Q-o-Q % Y-o-Y % Retail 105,103 103,086 91,036 2.0% 15.5% • Retail Advances mix at 46.1% v/s. 47.4% in Q3FY24 and 45.5% in Q4FY23 SME 35,327 33,142 28,1
Slide 39: Break up of Investments
Break up of Investments All figures in INR Crs • Total Net Investments at INR 90,235 Crs Investments Breakup • SLR – INR 80,621 Crs • Non SLR – INR 9,615 Crs • Standard Performing- INR 7,108 Crs: 99% Rated AA and above HTM 2% • Security Receipts- INR 1,284 Crs • Others1- INR 1,222 Crs SLR 89% NSLR 1
Slide 40: NPA Highlights
NPA Highlights All figures in INR Crs • GNPA Ratio at 1.7% down 30 bps Q-o-Q Asset Quality Parameters 31-Mar-24 31-Dec-23 31-Mar-23 • NNPA Ratio at 0.6% down 30 bps Q-o-Q Gross NPA (%) 1.7% 2.0% 2.2% Net NPA (%) 0.6% 0.9% 0.8% • Gross Slippages for Q4FY24 at INR 1,356 Crs v/s. INR 1,233 Crs in Q3FY2
Slide 41: Summary of Labelled & Overdue Exposures
Summary of Labelled & Overdue Exposures All figures in INR Crs • Slippage of INR 350 Crs in Q4FY24 from 31-Mar-24 31-Dec-23 31-Mar-23 Particulars Standard Restructured Advances pool of Gross Provisions Gross Provisions Gross Provisions Q3FY24 NPA 3,983 2,653 4,457 2,523 4,395 2,736 Other Non Perform
Slide 42: CET 1 Ratio at 12.2%
CET 1 Ratio at 12.2% 1 Bank’s Capital Adequacy Ratio 1 18.0% 16.3% CET 1 Ratio at 12.2% 15.4% 4.7% 3.2% 3.7% CRAR TIER II Post Mar 31, 2024, CA Basque CET 1 Investments has redeemed its 12.2% 12.6% 13.3% Warrants. On pro-forma basis, CET- I% as of March 31, 2024 including these proceeds is at 12.7%
Slide 43: Contents
Contents Progress on Profitability Improvement Financial Results- Q4FY24 & FY24 YES BANK Franchise 38
Slide 44: Retail Bank
Retail Bank: Full spectrum retail bank growing with strong momentum All figures in INR Crs Strong growth in Retail Advances 1 Highest Ever +15% Y-o-Y Pan-India presence via 1,234 branches, 219 BC 59% of branches in 100,441 103,086 105,103 91,036 94,445 banking outlets Top 200 deposit and 1,290 ATMs,
Slide 45: Branch Banking
Branch Banking: Expanding Footprint, Enhanced Digital Cross Sell & Growth in Granular Deposits All figures in INR Crs 1 Branch Network 2 Digital Journeys for seamless Customer Acquisition, Servicing & Cross sell Assisted Digital Branches BCBO • ~96% Individual SA, ~90% Eligible CA accounts opened di
Slide 46: Retail Assets
Retail Assets: Fast growing diversified book All figures in INR Crs 1 Retail asset disbursements: Calibration in Product mix 2 Diversified retail book1 Home Loans Preferred financier status 12,705 Secured Business Loans 5% with leading Auto OEMs 5% 18% Personal Loans 11,283 11,149 2% Auto Loans 5% 3
Slide 47: Rural Assets
Rural Assets Deepening the penetration in emerging rural markets & generating Agri PSL All figures in INR Crs 1 Business originations 1 2 Robust Farmer financing book & improved collections in Women Microfinance book 1,182 ▪ High quality farmer financing book with NPA of 1.5% 1,126 938 748 ▪ NPA <1%
Slide 48: SME Banking
SME Banking: Strong Book Growth while boosting bottom line All figures in INR Crs 1 Steady growth in funded book 2 Funded and Non-Funded Book composition YoY growth: 26% QoQ Growth: 7% 19% 35,327 33,142 Working Capital & Term Loan 30,979 3% Channel Finance 28,130 28,899 11% Commodity Finance 67% Q4F
Slide 49: Credit Cards
Credit Cards: Strong business growth and enhanced customer experience 1 Sustained Strong Growth in Cards, Book Size & Card Spends 2 Growth in Acquisition and Cross sell No of Cards In (‘000s) ▪ Steady growth in new card acquisition leading to 46% Y-o-Y growth in customer Book Size in Cr 2,073 base t
Slide 50: Wholesale Banking
Wholesale Banking Covering diverse Client Segments with deep Product Expertise Scheduled Commercial & Co-op Banks, DFIs, NBFCs, MFIs, Insurance, Mutual Funds, Stock International Banks, Global DFIs and Brokers & Payment Operators Cross border Money Transfer Operators Indian International Financial B
Slide 51: Wholesale Banking Business (1)
Wholesale Banking Business (1) All figures in INR Crs 1 Corporate Book & Disbursements 3 Providing tailored solutions to clients across business segments Funded O/S Non-Funded O/S Disbursements1 • Team of 183 Relationship Bankers and 39 Product Specialists across Large Renewables / Infra / Port / Ro
Slide 52: Wholesale Banking Business (2)
Wholesale Banking Business (2) Building sustainable Liability Book All figures in INR Crs Wholesale Deposits +20.1% Y-o-Y 124,849 108,805 109,008 103,918 101,565 Q4FY23 Q1FY24 Q2FY24 Q3FY24 Q4FY24 47
Slide 53: Large Corporates
Large Corporates Focus Sectors Pan India Presence Products • Presence in 10 major locations • Working capital Finance, Project Finance, • Chemicals • Metals & Mining Supply Chain Finance, FX and Derivatives • Infra - Road & Port • Logistics & Warehousing • Delhi • Bengaluru • Electronics & Electrica
Slide 54: Mid Corporates
Mid Corporates Knowledge Sectors – Media & Growth led by NTB and X-sell - Entertainment, Gems & Jewellery, ECOM Team higher wallet share and Food & Agri, Pharma, Chemicals, Unicorn and Soonicorn Focus productivity Auto ancillary, Logistics, Metals Initiatives to maintain Bank’s Leadership Position i
Slide 55: Indian Financial Institutions
Indian Financial Institutions Co-operative Banks & RRBs Banks & DFIs • Relationship driven, Liability rich product offerings • Strong relationships with Domestic Banks & FIs • Dominant position in Digital offerings for Co-operative Banks • Resource raising in the form of Borrowings & Refinance NBFCs
Slide 56: International Banking
International Banking • Resource raising – Trade loans, Bilateral / Syndication loans, MTN borrowings • INR borrowings / FD placements • Interbank limits for global treasury DFI / Banks • Cross-border trade facilitation / fulfillment • Nostro / Vostro accounts • Cross-Border Remittances Internationa
Slide 57: Government Banking
Government Banking COMPETITIVE First mover in Key Growth Sectors - Smart Cities, Defense OFB, ADVANTAGE Ports • Central Ministries • State Governments - Government Fund Flow Management • Local Governments – Urban Local Bodies, Districts & Panchayat PERFORMANCE Quick Turnaround in Solution Identifica
Slide 58: Multinational Corporates
Multinational Corporates • Ecosystem Banking FIRST MOVER 1st Domestic private sector bank with a dedicated MNC unit • Bespoke CMS and Digital Banking offerings ADVANTAGE • Value Added Trade services Marquee MNCs • Retail Liabilities (B2B2C) Core Coverage across 8 cities covering majority of MNC pres
Slide 59: Project Finance Business & Loan Syndication
Project Finance Business & Loan Syndication Sectoral expertise built over the years across sectors viz. Energy, Ports & Logistics, Transport, Real Estate and demonstrated Distribution capabilities across Banks, NBFCs, FIs Sectoral Knowledge Sector-focused Business Development & Risk Identification B
Slide 60: IFSC Banking Unit - GIFT City
IFSC Banking Unit - GIFT City GIFT is the only International Financial Services Centre in India. One of the strategic focus areas of the Government and recognized as the key gateway for financial and investment activities. YBL was the First Bank to commence operations in IFSC • Offers comprehensive
Slide 61: Knowledge Banking
Knowledge Banking Leveraging knowledge as a competitive differentiator to grow Banking Business Business Economics Banking (BEB), Food & Agri Strategic Advisory & Research (FASAR), Corporate & Government Advisory (CGA) • A team of specialists with deep sectoral knowledge and expertise in Economy, Fo
Slide 62: Strategically leverage Public Digital Infrastructure
Strategically leverage Public Digital Infrastructure Contributing to building new-age India through collaboration on Key Digital Initiatives Digital Initiatives Principle Objectives YES Differentiators Consent Layer for Data sharing system making Curated & Expansive offerings Account Aggregator (AA)
Slide 63: Financial Markets – Customised solutions for clients
Financial Markets – Customised solutions for clients >15 yrs Remittances FX All 32% Currency Exotics Notes Active FX trading desk FX GO Available across digital 5-15 yrs Imports for market making Full platforms for Rate booking 36% providing best in class YesFX FX Sales Product Suite pricing for cus
Slide 64: Robust Governance Structure – Board Members
Robust Governance Structure – Board Members Eminent and Experienced Board Rama Subramaniam Gandhi Atul Malik Sharad Sharma Sadashiv Srinivas Rao Sanjay Kumar Khemani Non-Executive, Part time Chairman, Independent Director Independent Director Independent Director Independent Director Independent Dir
Slide 65: Professional and Seasoned Management team
Professional and Seasoned Management team Prashant Kumar Managing Director & CEO, YES Bank Manish Jain Niranjan Banodkar Rajan Pental Country Head- Wholesale Banking Chief Financial Officer Executive Director Archana Shiroor Dheeraj Sanghi Sachin Raut Gaurav Goel Chief Human Resources Officer Countr
Slide 66: Responsible franchise with sustainability at its core
Responsible franchise with sustainability at its core – Highest rated Indian Bank in ESG CRH S&P Global CDP Ranked highest FTSE4Good Highest rated Indian ESG Score Included in amongst 34 large Highest Score amongst Bank for climate scheduled commercial FTSE4Good Index disclosures 2023 – Indian banks
Slide 67: Strong people focus
Strong people focus: Stable leadership with focus on up-skilling talent, objective performance management & enabling employee flexibility • Employees in C-Suite, Leadership, Executive and Senior grades with an average vintage of ~9 years within the Bank combined with top talent from the industry. Le
Slide 68: Strong Investor base
Strong Investor base 1 Well diversified Investor base: Shareholding Pattern as on April 21, 2024 Category % STATE BANK OF INDIA Banks 35.2% 25.0% CA BASQUE INVESTMENTS FDI 14.5% VERVENTA HOLDINGS 48.7% 2 Resident Individuals 30.3% LIFE INSURANCE CORPORATION OF INDIA HDFC BANK FPI’s 11.0% 9.1% ICICI
Slide 69: Credit Rating
Credit Rating ICRA Downgrades CARE Upgrades: Basel II Upper Tier II to D from BB BASEL III Tier II to BBB from C INDIA Ratings CARE Downgrades INDIA Ratings Upgrades BASEL II Upper Tier II to BB+ from D CARE Upgrades Ratings across all Outlook-keeps Basel II Upper Tier II to D from C BASEL III Tier
Slide 70: Thank You
Thank You Disclaimer: No representation or warranty, express or implied is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of information or opinions contained herein. The information contained in this presentation is only current as of its date.
Slide 71: Annexure I: Balance Sheet and P&L Structure comparison with Peer Banks
Annexure I: Balance Sheet and P&L Structure comparison with Peer Banks Key Financial Imperative for RoA expansion All figures in INR Crs Balance Sheet Structure Profit and Loss Structure Data for FY23 Data as of Mar 31, 2023 Mid Size Mid Size YES Large Pvt. YES Large Pvt. As % of Assets Pvt. As % of