Idfc First Bank Ltd. · NSE:IDFCFIRSTB
Idfc First Bank — Q4 FY22 Earnings Presentation
79 slides from Idfc First Bank's earnings presentation, Apr 30, 2022
Slide 1: Investor Presentation – Q4 FY22
Investor Presentation – Q4 FY22
Slide 2: Table of Contents
Management Commentary Financial Performance Since Merger Year FY19 Key Highlights of FY22 Results IDFC FIRST Bank – History Table Vision and Mission of IDFC FIRST Bank of Product Offerings Contents Update on Deposits and Borrowings Update on Funded Assets Asset Quality Profitability Capital Adequacy
Slide 3: Management Commentary 1/4
Management Commentary Management Commentary 1/4 We focused on building a strong platform for the first three years: On merger, we had a large loan book of Rs. 1,04,660 crore but very low retail deposits of only Rs. 10,400 crore. This had to be addressed. So we slowed down overall loan growth for the
Slide 4: Management Commentary 2/4
Management Commentary Management Commentary 2/4 Strong CASA Base: We have built a strong CASA base of ~50% which is best in class in the industry. In absolute terms we have grown CASA by ~Rs. 42,000 crore in 3 years that demonstrates our capability on this front. Stable Asset Quality: For retail and
Slide 5: Management Commentary 3/4
Management Commentary Management Commentary 3/4 Strong Growth in Operating Profits: While the loan book grew by only 13% YoY, the Core Operating Profit has risen by 44% from Rs. 1,909 crores in FY 21 to Rs. 2,753 crores in FY 22. This clearly demonstrates that our incremental business is highly prof
Slide 6: Management Commentary 4/4
Management Commentary Management Commentary 4/4 Our Customer First Approach: We are built on the foundation of customer-first principles. We believe in being transparent and not in billing the customer fees or charges in small bits and pennies through fine-prints. For instance, unlike common market
Slide 7: Financial Performance Since Merger Year FY19
Financial Performance Since Financial Performance Since Merger Year FY19 Merger Year FY19 Retail Deposits (In Rs. Cr) Avg CASA Ratio (%) Net Interest Margin (%) 68,035 49.88% 5.96% CAGR 3.17% 279 4,093 73% bps bps 13,214 8.95% Mar-19 Mar-22 FY19* FY22 FY19* FY22 Retail & Commercial Finance Capital A
Slide 8: Key Highlights of FY22 Results
Key Highlights of FY22 Results Key Highlights of FY22 Results Area Key Parameters FY21 FY22 Growth (%/bps) Funded Assets Rs. 1,17,127 Cr Rs. 1,31,951 Cr 13% Assets Retail Funded Assets Rs. 65,300 Cr Rs. 83,740 Cr 28% Customer Deposits Rs. 82,725 Cr Rs. 93,214 Cr 13% Deposits Average CASA Ratio (%) 4
Slide 9: Table of Contents
Management Commentary Financial Performance Since Merger Year FY19 Key Highlights of FY22 Results IDFC FIRST Bank – History Table Vision and Mission of IDFC FIRST Bank of Product Offerings Contents Update on Deposits and Borrowings Update on Funded Assets Asset Quality Profitability Capital Adequacy
Slide 10: IDFC FIRST Bank was created through Merger of two institutions
IDFC FIRST Bank IDFC FIRST Bank was created through Merger of two institutions History IDFC FIRST Bank was created by the merger of Erstwhile IDFC Bank and Erstwhile Capital First on December 18, 2018. Prior to this IDFC First Bank was a premier infrastructure Financing Domestic Financial Institutio
Slide 11: Background information of IDFC Bank
IDFC FIRST Bank History Background information of IDFC Bank Erstwhile IDFC BANK • IDFC Limited was set up in 1997 with equity participation from the Government of India, to finance infrastructure focusing primarily on project finance and mobilization of capital for private sector infrastructure deve
Slide 12: Background information of Capital First
IDFC FIRST Bank History Background information of Capital First Erstwhile CAPITAL FIRST LIMITED • Mr Vaidyanathan had built ICICI Bank’s Retail Banking business between 2000-2009 and was later the MD and CEO of ICICI Prudential Life Insurance Company in 2009-10. • During 2010-12, he acquired a signi
Slide 13: Erstwhile IDFC Bank was an eminent institution
Erstwhile IDFC Bank was an eminent institution respected for its corporate IDFC FIRST Bank History governance and its contribution to Indian Infrastructure. • IDFC raises Rs. 700 million in a second • IDFC incorporated in Chennai on the recommendation of the Expert growth equity fund and Rs. 930 mil
Slide 14: Erstwhile Capital First had a history of strong growth and profitability
IDFC FIRST Bank History Erstwhile Capital First had a history of strong growth and profitability. (Rs. Cr) Background Strong growth in AUM 5 Yr PAT CAGR of 56% Wholesale AUM Retail AUM Total AUM 32,623 327 26,997 Capital First was a successful NBFC, 239 19,824 206 growing its loan book and net profi
Slide 15: Asset quality remained high for close to a decade at Capital First
IDFC FIRST Bank Asset quality remained high for close to a decade at Capital First. History We present below the asset quality trends of our bank (including pre-merger history at Capital First) as demonstration of our skills and track record in managing stable and high asset quality, i.e. Gross NPA
Slide 16: Pre merger Proforma Financials of IDFC Bank and Capital First
IDFC FIRST Bank Pre merger - Proforma Financials of IDFC Bank and Capital First – P&L (H1 FY19) History Erstwhile IDFC Bank Erstwhile Capital First Proforma Total In Rs. Crore (H1 FY 19) (H1 FY 19) (H1 FY 19) Funded Assets / AUM 75,332 32,623 1,07,955 Net-Worth 14,776 2,928 17,704 NII 912 1,143 2,05
Slide 17: Table of Contents
Management Commentary Financial Performance Since Merger Year FY19 Key Highlights of FY22 Results IDFC FIRST Bank – History Table Vision and Mission of IDFC FIRST Bank of Product Offerings Contents Update on Deposits and Borrowings Update on Funded Assets Asset Quality Profitability Capital Adequacy
Slide 18: Vision and Mission of IDFC FIRST Bank
Vision & Mission of IDFC FIRST Bank Vision and Mission of IDFC FIRST Bank Our Vision: “To build a world class bank in India, guided by ethics, powered by technology and be a force for social good.” Our Mission: • We shared the above seal with our employees to capture our vision. “We want to touch th
Slide 19: Key excerpts from MD & CEO’s letter in Annual Report 2019-20
Vision & Mission of IDFC FIRST Bank Key excerpts from MD & CEO’s letter in Annual Report 2019-20 18
Slide 20: Key Excerpts from MD & CEO’s letter in Annual Report 2020-21
Vision & Mission of IDFC FIRST Bank Key Excerpts from MD & CEO’s letter in Annual Report 2020-21 19
Slide 21: Table of Contents
Management Commentary Financial Performance Since Merger Year FY19 Key Highlights of FY22 Results IDFC FIRST Bank – History Table Vision and Mission of IDFC FIRST Bank of Product Offerings Contents Update on Deposits and Borrowings Update on Funded Assets Asset Quality Profitability Capital Adequacy
Slide 22: The Bank has wide bouquet of Consumer and MSME loans
Product Offerings The Bank has wide bouquet of Consumer and MSME loans .. across varied customer segments including Consumers and MSMEs in different parts of India Prime Home Loans: Affordable Home Loans: Loan Against Property: New & Pre-owned Car Loan: Business Loans: Starting at 6.9% to select Pri
Slide 23: New Banking App – A one Stop shop for Banking
Product Offerings New Banking App – A one Stop shop for Banking Key Features of the new App launched by us. • Fast Payments with Beneficiary name validation • UPI with linkage to any Bank Account • Pay to Contacts • ML based categorisation of transactions • Income and Expense Analyser for Cash flow
Slide 24: Current Account Offerings
Product Offerings Current Account Offerings Freedom Current Account Merchant Multiplier Account Startup Banking Account. Dynamic professional Free Payment and collection. Specially designed product Specially designed product for Specially designed product for for retailer/merchants. startups. profes
Slide 25: Savings Account Offerings
Product Offerings Savings Account Offerings Vishesh Savings Account Senior Citizen SA FIRST Power SA Savings account with a RuPay Savings Account Platinum debit card Lifetime free health benefits, with doorstep Segmented offering for women with special Rs. 25,000 AMB banking & preferential rates on
Slide 26: Wealth Management – Customer Segment led Approach
Product Offerings Wealth Management – Customer Segment led Approach Segmenting basis Wealth Management Delivery Model Brands customer profile Solutions Mutual Funds, Bonds, LAS, Pre- IPO Investing, Estate - Inheritance & Succession Planning, Immigration linked Full Scale Private Investing, Private E
Slide 27: Wealth Management – Differentiated Banking & Wealth Experience
Product Offerings Wealth Management – Differentiated Banking & Wealth Experience 26 Classification: Confidential - Regulator Shareable
Slide 28: Easy to use Wealth Management Application
Product Offerings Easy to use Wealth Management Application 1 On-line Mutual Fund Investing 2 Consolidated Investment Dashboard 3 MF Holdings & Transaction Management 4 Investor Risk Profiling 5 Quant based Research Recommendations 6 Investment Ideas for Mutual Funds 7 Sovereign Gold Bonds 8 IDFC FI
Slide 29: Launch of our Credit Card Business was based on Unique Industry First Features
Launch of our Credit Card Business was based on Unique Industry Product Offerings First Features Customer Segments Core Value Proposition FIRST Classic FIRST Millennia Millennials Life Time Free Credit Card Dynamic lowest interest Mass Household rate starting from 9% p.a. Exceptional value and Uber
Slide 30: Since Launch in Jan 2021, the Bank has issued 7+ Lac Credit Cards
Since Launch in Jan 2021, the Bank has issued 7+ Lac Credit Cards till Product Offerings March 31, 2022 A Credit Card, like no other Customer friendly card launched by the Bank, keeping in line with the ethos of always customer first. ✓ Since launch the Bank has issued over 0.7 million cards and tha
Slide 31: India’s FIRST FASTAG with Triple Benefits
Product Offerings India’s FIRST FASTAG with Triple Benefits – Toll, Fuel and Parking! 30% Market Share Largest Acquirer Bank in NETC 41% Market Share (Average Daily Toll Value Paid) (Average Daily Toll Value Acquired) Classification: Confidential - Regulator Shareable
Slide 32: Cash Management Solutions
Product Offerings Cash Management Solutions CMS Solutions are best-in-class, technology-led, client centric customized offerings with seamless experience. ✓ Responsive to business requirements Client Centric Approach ✓ Provide Customised solutions ✓ Bringing financial & operational efficiency ✓ Sect
Slide 33: Best-in-Class Cash Management Solutions: Innovative online banking platform
Best-in-Class Cash Management Solutions Product Offerings Innovative online banking platform ➢ Completely paperless transactions ➢ Single-Window Experience for all transactions No physical documentation for any kind of payment Unified platform for Cash, Trade, Treasury and Channel Finance ➢ Unified
Slide 34: Best-in-Class Cash Management Solutions: A complete product suite
Best-in-Class Cash Management Solutions Product Offerings A complete product suite Receivables Solutions Payment Solutions Cheque / Cash m-Cheque Kiosk Walk-in PG / POS Cheque / DD Cash Delivery Remote Cheque Tax Payments (Partner Tieup) Printing Virtual NACH / BBPS Pay Bulk Electronic UPI BBPS Coll
Slide 35: Table of Contents
Management Commentary Financial Performance Since Merger Year FY19 Key Highlights of FY22 Results IDFC FIRST Bank – History Table Vision and Mission of IDFC FIRST Bank of Product Offerings Contents Update on Deposits and Borrowings Update on Funded Assets Asset Quality Profitability Capital Adequacy
Slide 36: The Bank now has a strong and well diversified deposits base
Update on The Bank now has a strong and well diversified deposits base Deposits and Borrowings Demonstrated Capability to raise deposits CASA Deposits has grown by Rs. 45,897 crore since merger with As a result, the CASA Ratio (%) of the Bank has grown from 8.68% 1 2 (Dec-18) at merger to 48.44% (Ma
Slide 37: The Bank now has a strong and well diversified deposits base
Update on The Bank now has a strong and well diversified deposits base Deposits and Borrowings Demonstrated Capability to raise deposits Core Deposits (Retail CASA & Retail Term Deposits) also shows 4 Customer Deposits has grown strongly since merger. It has grown 3 strong improvement over the years
Slide 38: Strong growth in retail deposits has reduced dependence on wholesale deposits
Update on Strong growth in retail deposits has reduced the dependence on wholesale Deposits and deposits and has provided greater stability to the liability side Borrowings In Rs. Crore Mar-21 Dec-21 Mar-22 YoY% Legacy Long Term Bonds 7,892 7,311 6,663 -16% Legacy Infra Bonds 9,508 9,357 9,111 -4% R
Slide 39: Status of Legacy High Cost Long Term Borrowing as on March 31, 2022
Update on Status of Legacy High Cost Long Term Borrowing as on March 31, 2022 Deposits and Borrowings Bank continues to bring down the legacy high cost borrowings Maturity Balance In Rs. Cr RoI (%) Wtd. Res. Tenor (Yrs) As on Mar-22 FY23 FY24 FY25 Beyond FY 25 Infra Bonds 9,111 1,454 1,189 5,545 922
Slide 40: Table of Contents
Management Commentary Financial Performance Since Merger Year FY19 Key Highlights of FY22 Results IDFC FIRST Bank – History Table Vision and Mission of IDFC FIRST Bank of Product Offerings Contents Update on Deposits and Borrowings Update on Funded Assets Asset Quality Profitability Capital Adequacy
Slide 41: The Bank’s Book is well diversified in large number of businesses
Update on Funded Assets The Bank’s Book is well diversified in large number of businesses Breakup as % of Retail and Commercial Finance Book Rural Finance, 14% HL, 15% Others, 8% ~38% of the Retail Credit Card, 2% and Commercial Finance Book is LAP, 19% secured by property Consumer Loans, as on Marc
Slide 42: Strong & consistent growth in Retail and Commercial Book over the last decade
Update on Funded Assets Strong & consistent growth in Retail and Commercial Book over the last decade. The bank has a rich history of growing the loan book in retail and commercial finance with low NPA levels of Gross and Net NPA of ~2% and 1% respectively including the experience of both institutio
Slide 43: The Bank has reduced concentration risk on the asset side since merger
The Bank has reduced concentration risk on the asset side since merger; Update on Funded Assets Top 10 borrowers’ concentration reduced significantly The non-infra corporate funded assets increased by 5% in the last Infrastructure financing (Rs crore) has reduced by 36% in the last year 1 in Rs. cro
Slide 44: Funded Assets Breakup
Update on Funded Assets Funded Assets Breakup Funded Assets (In Rs. Crore)1 Mar-21 Dec-21 Mar-22 Growth YoY% Retail Book 65,300 75,547 83,740 28% - Home Loan 9,276 11,979 14,106 52% - Loan Against Property 16,491 17,351 18,142 10% - Wheels 9,771 10,041 11,037 13% - Consumer Loans 13,949 15,829 17,42
Slide 45: Table of Contents
Management Commentary Financial Performance Since Merger Year FY19 Key Highlights of FY22 Results IDFC FIRST Bank – History Table Vision and Mission of IDFC FIRST Bank of Product Offerings Contents Update on Deposits and Borrowings Update on Funded Assets Asset Quality Profitability Capital Adequacy
Slide 46: Retail and Commercial Segment asset quality continues to improve sequentially
Retail and Commercial Segment asset quality continues to improve Asset Quality sequentially. Retail and Commercial Finance GNPA NNPA • The GNPA and NNPA of Retail and Commercial Finance has improved by 4.01% 29 bps and 13 bps respectively during 3.86% 3.45% the quarter. 2.92% 2.63% • The lead indica
Slide 47: Asset Quality of Corporate book (Non-Infra) is stable
Asset Quality Asset Quality of Corporate book (Non-Infra) is stable GNPA NNPA • The Book in the corporate segment has seen improvement in asset 3.98% Corporate quality on a consistent basis since the spike due to COVID-19. 3.08% 2.91% 2.85% 2.75% • We follow prudent underwriting, 2.52% reduction of
Slide 48: NPA in Infrastructure book is high, but only 5.2% of Total Funded Assets
NPA in Infrastructure book is high, but constituted only 5.2% of the Total Asset Quality Funded Assets as on March 31, 2022. GNPA NNPA Infrastructure • Infrastructure book continues to 21.64% decline as planned. 20.07% • The infrastructure book has shrunk 15.83% from Rs. 22,710 crores at merger to 1
Slide 49: Overall Asset quality of the bank continues to improve every quarter
Overall Asset quality (retail + commercial + wholesale) of the bank continues Asset Quality to improve every quarter • The Asset Quality of the Bank has improved GNPA NNPA At Bank Level as compared to last quarter driven by the 4.61% improvements in retail, commercial and 4.15% 4.27% 3.96% corporate
Slide 50: In retail loans, key input indicators are showing improvement
In retail loans, key input Indicators are showing improvement, which points Asset Quality to lower delinquency and credit losses in future. The bank has Improved quality of Sourcing as a result, New to Credit Similarly, the Customers having Bureau score > 700 has sharply customers as % incremental b
Slide 51: Improved indicators of Credit Quality in retail loans
Asset Quality Improved indicators of Credit Quality in retail loans The Bank tracks its Asset Quality on a) Cheque Bounces on Portfolio b) Cheque bounces on new book c) collection on Cheque Bounces d) Recovery on NPA accounts e) Vintage Analysis of the Book Key quality Indicators showing improvement
Slide 52: Table of Contents
Management Commentary Financial Performance Since Merger Year FY19 Key Highlights of FY22 Results IDFC FIRST Bank – History Table Vision and Mission of IDFC FIRST Bank of Product Offerings Contents Update on Deposits and Borrowings Update on Funded Assets Asset Quality Profitability Capital Adequacy
Slide 53: Strong rise in Net Interest Income
Profitability Strong rise in Net Interest Income Yearly NII (Rs. Cr) Exit Quarter NII (Rs. Cr) 3Yr CAGR of 25% 32% 3Yr CAGR of 31% 36% 32% YoY Growth 9,706 36% YoY Growth 2,669 21% 15% 25% 42% 7,380 1,960 -2% 1,700 6,076 4,845 1,223 1,193 FY19* FY20 FY21 FY22 Q3-FY19** Q4-FY19 Q4-FY20 Q4-FY21 Q4-FY2
Slide 54: Sustained growth in Fee & Other Income
Profitability Sustained growth in Fee & Other Income Yearly Fee & Other Income (Rs. Cr) Exit Quarter Fee & Other Income (Rs. Cr) 3Yr CAGR of 32% 3Yr CAGR of 40% 40% 66% 2,691 841 66% YoY Growth 40% YoY Growth 39% 7% 33% 600 39% 1,550 1,622 14% 432 1,167 310 272 FY19* FY20 FY21 FY22 Q3-FY19** Q4-FY19
Slide 55: Sustained increase in Core Operating Profit
Profitability Sustained increase in Core Operating Profit (Profit excluding Trading Gain) Yearly Operating Profit (excluding Trading Gain) Exit Quarter Operating Profit (excluding Trading Gain) (Rs. Cr) (Rs. Cr) 3Yr CAGR of 36% 3Yr CAGR of 45% 106% 44% 836 44% YoY Growth 2,753 106% YoY Growth -13% 8
Slide 56: Quarterly Income Statement
Profitability Quarterly Income Statement Growth (%) In Rs. Crore Q4 FY21 Q3 FY22 Q4 FY22 YoY Interest Income 3,993 4,429 4,554 14% Interest Expense 2,033 1,849 1,884 -7% Net Interest Income 1,960 2,580 2,669 36% Fee & Other Income 600 744 841 40% Trading Gain1 218 25 (9) -104% Operating Income 2,779
Slide 57: Yearly Income Statement
Profitability Yearly Income Statement Growth (%) In Rs. Crore FY21 FY22 YoY Interest Income 15,968 17,173 8% Interest Expense 8,588 7,467 -13% Net Interest Income 7,380 9,706 32% Fee & Other Income 1,622 2,691 66% Trading Gain1 1,1622 531 -54% Operating Income 10,164 12,928 27% Operating Income (Exc
Slide 58: Balance Sheet
Profitability Balance Sheet Growth (%) In Rs. Crore Mar-21 Dec-21 Mar-22 (YoY) Shareholders' Funds 17,808 20,649 21,003 18% Deposits 88,688 92,765 105,634 19% - CASA Deposits 45,896 47,859 51,170 11% - Term Deposits 42,792 44,906 54,464 27% Borrowings 45,786 50,792 52,963 16% Other liabilities and p
Slide 59: Table of Contents
Management Commentary Financial Performance Since Merger Year FY19 Key Highlights of FY22 Results IDFC FIRST Bank – History Table Vision and Mission of IDFC FIRST Bank of Product Offerings Contents Update on Deposits and Borrowings Update on Funded Assets Asset Quality Profitability Capital Adequacy
Slide 60: Capital Adequacy Ratio is strong at 16.74% as on March 31, 2022
Capital Adequacy Capital Adequacy Ratio is strong at 16.74% as on March 31, 2022 In Rs. Crore Mar-21 Dec-21 Mar-22 Common Equity 16,974 19,921 20,199 Tier 2 Capital Funds 647 740 2,525 Total Capital Funds 17,622 20,661 22,724 Total RWA 1,27,943 1,34,296 1,35,728 CET 1 Ratio (%) 13.27% 14.83% 14.88%
Slide 61: Table of Contents
Management Commentary Financial Performance Since Merger Year FY19 Key Highlights of FY22 Results IDFC FIRST Bank – History Table Vision and Mission of IDFC FIRST Bank of Product Offerings Contents Update on Deposits and Borrowings Update on Funded Assets Asset Quality Profitability Capital Adequacy
Slide 62: Board of Directors: MD & CEO Profile
Board of Directors Board of Directors: MD & CEO Profile Vaidyanathan aspires to create “a world-class bank Indian Bank which offers high-quality affordable and ethical banking for India”. He left a Board level position at ICICI group in 2010 and bought shares of a small listed, loss making, real-est
Slide 63: Board of Directors
Board of Directors Board of Directors MR. SANJEEB CHAUDHURI – PART-TIME NON-EXECUTIVE CHAIRPERSON (INDEPENDENT DIRECTOR) Mr. Sanjeeb Chaudhuri is a Board member and Advisor to global organizations across Europe, the US and Asia. He has most recently been Regional Business Head for India and South As
Slide 64: Board of Directors
Board of Directors Board of Directors MR. HEMANG RAJA - INDEPENDENT DIRECTOR Mr. Hemang Raja, is an MBA from Abeline Christian University, Texas, with a major in finance. He has also done an Advance Management Program (AMP) from Oxford University, UK. He has vast experience in the areas of Private E
Slide 65: Board of Directors
Board of Directors Board of Directors MR. AJAY SONDHI - NON-EXECUTIVE NON INDEPENDENT DIRECTOR Mr. Ajay Sondhi, is a 2017 Fellow, Harvard Advanced Leadership Initiative, MBA - Finance from JBIMS, Mumbai University, and B.A. in Economics (Honors) from St. Stephens College, Delhi University. He is a s
Slide 66: Table of Contents
Management Commentary Financial Performance Since Merger Year FY19 Key Highlights of FY22 Results IDFC FIRST Bank – History Table Vision and Mission of IDFC FIRST Bank of Product Offerings Contents Update on Deposits and Borrowings Update on Funded Assets Asset Quality Profitability Capital Adequacy
Slide 67: Shareholding Pattern & Key Shareholders as of March 31, 2022
Shareholding Pattern Shareholding Pattern & Key Shareholders as of March 31, 2022 Scrip Name : IDFC FIRST Bank (BSE: 539437, NSE:IDFCFIRSTB) Key Shareholders % Holding (through their respective various funds and affiliate companies wherever applicable) Other Body President of Corporate, 1.0% IDFC Fi
Slide 68: Set for Growth, Scale, Profitability
IDFC FIRST Bank With our Customer Centric Approach, the Bank is ✓ Set for Growth. ✓ Set for Scale. ✓ Set for Profitability. 67
Slide 69: Disclaimer
Disclaimer This presentation has been prepared by and is the sole responsibility of IDFC FIRST Bank (together with its subsidiaries, referred to as the “Company”). By accessing this presentation, you are agreeing to be bound by the trailing restrictions. This presentation does not constitute or form
Slide 70: Thank You
THANK YOU IDFC FIRST Bank
Slide 71: Annexure 1
Annexure 1 Progress of Key Parameters against the Target Set after merger in December 2018 70
Slide 72: Bank is performing well on the guidances given at the time of merger
Executive Summary We are happy to say that the Bank is performing well on the guidances given at for FY22 the time of the merger. Dec-18 Mar-22 Particulars Guidance for FY24-FY25 (At Merger) Latest quarter C Net-worth Rs. 18,376 Cr -- Rs. 21,003 Cr A P I CET – 1 Ratio 16.14% >12.5 % 14.88% T A Capit
Slide 73: Bank is performing well on the guidance given at the time of merger
Executive Summary We are happy to say that the Bank is performing well on the guidance given at the for FY22 time of the merger. Dec-18 Mar-22 Particulars Guidance for FY24-FY25 (At merger) Latest quarter Retail and Commercial Book Rs. 36,927 Cr Rs. 100,000 Cr Rs. 95,377 Cr (26%) Retail and Commerci
Slide 74: Annexure 2
Annexure 2 Since the business model of Capital First is an important part of the business being built in the merged bank, the brief history and the progress of Capital First is being provided for ready reference to investors. 73
Slide 75: Successful Trajectory of Growth and Profits at Capital First
Business Model Successful Trajectory of Growth and Profits at Capital First of Capital First History of Capital First Limited The Company was first listed on Stock Exchanges in January 2008. Between 2010 to 2012, Mr Vaidyanathan acquired a stake in the company and executed a Management Buyout (MBO)
Slide 76: Successful Trajectory of Growth and Profits at Capital First
Successful Trajectory of Growth and Profits at Capital First. Business Model This page is an extract from Capital First investor Presentation of September 2018, which is the last quarter prior to merger. of Capital First Presented here to demonstrate the capability of the core loan book and the trac
Slide 77: Successful Trajectory of Growth and Profits at Capital First
Successful Trajectory of Growth and Profits at Capital First Business Model This page is an extract from Capital First investor Presentation of September 2018, which is the last quarter prior to merger. Presented of Capital First here to demonstrate the capability of the core loan book and the track
Slide 78: Capital First: Return on Equity continuously improved over the quarters
Capital First: the Return on Equity continuously improved over the quarters… Business Model This page is an extract from Capital First investor Presentation of September 2018, which is the last quarter prior to merger. Presented of Capital First here to demonstrate the capability of the core loan bo
Slide 79: Successful Trajectory of Growth and Profits at Capital First
Successful Trajectory of Growth and Profits at Capital First Business Model This page is an extract from Capital First investor Presentation of September 2018, which is the last quarter prior to merger. Presented of Capital First here to demonstrate the capability of the core loan book and the track