South Indian Bank Limited · NSE:SOUTHBANK
South Indian Bank — The South Indian Bank — Q1 FY2023 Earnings Presentation
35 slides from South Indian Bank's earnings presentation, Jul 26, 2022
Slide 1: Presentation to Investors and Analysts (exchange cover letter)
~ . . . ~ . . SOUTH I · . . . : . ~ -INDIAN Bank . · · . · ' . DEPT: SECRETARIAL REF No. SEC/ST EX.STT/ 60 /2022-23 July 26, 2022 National Stock Exchange of India Ltd., BSE Ltd. Exchange Plaza, 5th Floor, Department of Corporate Services (Listing), Plot No.C/1, G Block, F irst Floor, New Trading Win
Slide 2: Investor Presentation Q1-FY2023
PHOTO Investor Presentation Q1-FY2023
Slide 3: Safe Harbour
Safe Harbour No representation or warranty, express or implied is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or corr ectness of such information or opinions contained herein. The information contained in this presentation is only current as of its date. Cer
Slide 4: Transformation Journey
Transformation Journey Oct 2020 - Jun 2022 CASA Deposits Added Rs. 7,350 Cr of CASA deposits; CASA ratio improved to 34.4% (+660 bps) Advances (New Book) New book of Rs. 27,787 Cr with NIM of 3.04%, GNPA of 0.02% & SMA2 of 0.24% Capital adequacy CRAR improved by 231 bps to 16.25% at Jun 30, 2022 Pro
Slide 5: Consolidation of Advances
Consolidation of Advances Churned about 43% of overall loan book since October 1, 2020 Rs. in crores Old Book New Book Total Book Achieved disbursements of Rs. 12,548 Crs during Q1 2023 led by Corporate - Rs. 7,595 Crs, Gold - Rs. 2,978 Crs, B Segment - Rs. 939 Crs, Other Loan book 36,917 27,787 6
Slide 6: Concentrated efforts in recoveries and collections
Concentrated efforts in recoveries and collections Recoveries & Upgrades continue to be on focus…. SMA2 book has reduced by 48% YoY Rs. in crores 1,307 Rs. in crores 2,139 1,840 1,330 410 1,102 348 324 892 235 FY-19 FY-20 FY-21 FY-22 Jun-22 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Note: It excludes recove
Slide 7: Key highlights for Q1-2023 V/s Q1-2022
Key highlights for Q1-2023 V/s Q1-2022 Reported 1018% growth in profit after tax on YoY basis to touch Rs.115 crores in Q1-2023 Net Interest Margin improved by 19 bps YoY to 2.74% in Q1-2023 Provision coverage ratio improved by 1000 bps YoY to reach 70.11% GNPA ratio improved by 215 bps YoY
Slide 8: Operating Performance
Operating Performance Deposits Retail Deposits CASA Advances Q1 FY23: Rs.88,196 Cr Q1 FY23: Rs. 86,460 Cr Q1 FY23: Rs.30,335 Cr Q1 FY23: Rs.64,704 Cr + 4% + 8% +18% +11% Q1 FY22: Rs. 84,611 Cr Q1 FY22: Rs.79,975 Cr Q1 FY22: Rs. 25,725 Cr Q1 FY22: Rs. 58,319 Cr NII Profit After Tax Provisions PCR Q1
Slide 9: Profit & Loss Overview (Standalone)
Profit & Loss Overview (Standalone) Rs. in Crore Q1-FY23 Q1-FY22 Y-o-Y (%) Q4-FY22 Q-o-Q (%) FY22 Net Interest Income 603 542 11% 598 0.8% 2,240 Non Interest Income 246 451 -45% 204 21% 1,034 - Core Fee Income 128 91 41% 142 -10% 477 - Treasury & Forex 4 249 -98% (52) - 126 - Other 114 111 3% 114 -
Slide 10: Net Interest Income
Net Interest Income Quarterly (Rs.inCrore) Net Interest Income NIM 620 603 2.80% 598 600 2.74% 580 573 2.64% 560 542 2.55% 540 527 2.49% 520 500 480 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23 Cost Of Funds Yield on Funds Cost Of Deposits Yield on Advances 8.77 8.
Slide 11: Non-Interest Income
Non-Interest Income Core Fee Income Treasury & Forex Income1 (Rs. in Crore) (Rs. in Crore) 142 128 251 127 117 64 91 53 60 46 35 237 71 74 78 61 68 53 56 26 36 47 37 10 17 14 14 16 16 19 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23 Transaction Technology Forex Prof
Slide 12: Operating Efficiency
Operating Efficiency Employee Additions Cost-to-Income Ratio1 805 82.1 64.8 113 155 345 64.1 62.7 -133 48.8 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23 Business per Employee Business per Branch (Rs. in Crore) 17.8 (Rs. in Crore) 162 16.2 16.0 153 154 154 155 15.9
Slide 13: Provisions
Provisions (Rs. in Crore) Particulars Q1 FY23 Q4 FY22 Q1 FY22 For NPA & NPI 181 118 430 For Standard Assets (28) 25 56 For Restructured Advances/Sacrifices & FITL 2 (19) 10 For Unhedged Forex Exposure 1 (1) - Others (16) (46) - Taxes 62 (62) 4 Total Provisions 201 16 500 12 Bank on Us
Slide 14: Balance Sheet Overview (standalone)
Balance Sheet Overview (standalone) (Rs. in Crore) Particulars 9 June 2022 June 2021 Y-o-Y (%) Mar 2022 Q-o-Q (%) Capital & Liabilities 1,00,632 94,397 7% 1,00,052 1% Capital 209 209 0% 209 0% Reserves and Surplus 5,813 5,608 4% 5,645 3% Deposits 88,196 84,611 4% 89,142 -1% Borrowings 4,682 2,500 87
Slide 15: Key Metrics – Quarterly
Key Metrics – Quarterly FY23 FY22 Particulars Q1 Q1 Q2 Q3 Q4 Net Interest Margin (NIM) 2.74% 2.55% 2.49% 2.64% 2.80% CRAR Basel III 16.25% 15.44% 15.75% 15.68% 15.86% RoAA (Annualized) 0.46% 0.04% - - 1.10% Provision Coverage 70.11% 60.11% 65.02% 68.08% 69.55% CASA 34.4% 30.40% 30.82% 31.95% 33.21%
Slide 16: Deposits
Deposits Deposits Rs. in Crore Jun 2022 Jun 2022 Jun 2022 86,460 1,736 88,196 -63% -2% 8% -2% 4% 79,975 4,636 84,611 Jun 2021 Jun 2021 Jun 2021 Retail Deposit Bulk Deposit Total Deposits CASA Deposits Rs. in Crore Jun 2022 Jun 2022 Jun 2022 4,878 25,457 30,335 17% 18% 18% 4,174 21,551 25,725 Jun 202
Slide 17: Well Distributed Deposit Base
Well Distributed Deposit Base Breakup of Deposits Break Up of Non-Resident Deposits Rs. in Crore Rs. in Crore 88,348 89,142 88,196 84,611 86,840 Jun Sep Dec Mar Jun Deposit Type 2021 2021 2021 2022 2022 NR SB 6,566 6,535 6,824 6,980 7,198 55,922 55,719 56,125 54,250 55,630 NR CD 41 45 49 50 53 FCNR
Slide 18: Digital Banking
Digital Banking Digital vs Branch Transactions (no of transactions in Lakhs) 2000.0 94.1% 1825.2 94.5% 1363.7 1563.9 94.0% 1500.0 93.3% 93.5% 1146.7 92.9% 93.0% 1000.0 841.0 92.5% 92.1% 92.1% 500.0 92.0% 72.1 99.0 103.6 113.1 113.4 91.5% 0.0 91.0% Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Transactions Thro
Slide 19: Composition of Loan Book
Composition of Loan Book Segment wise Break Up of Total Loan Book Loan Book (Excluding Corporate) Rs. in Crore 20% 29% 44,092 43,787 44,144 44,891 46,101 Corporate Personal Segment Business Loans 28% Agriculture 23% Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Break up of Loan book Loan Book Across Regions Ju
Slide 20: Gold loans
Gold loans Consistent traction in Gold loans… (Rs. in Crore) 11,961 +28% 10,766 9,862 9,364 9,471 9,064 8,151 6,722 7,146 6,669 2,695 2,749 2,716 2,615 2,897 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Agri Retail 19 Bank on Us
Slide 21: Personal Segment
Personal Segment Personal Segment Loans Rs. in Crore 14,675 14,380 14,736 14,612 14,928 1,265 1,236 1,392 2,088 1,761 1,103 1,111 1,150 1,151 1,168 902 856 1,309 1,247 1,181 3,414 3,240 3,094 2,740 2,884 2,695 2,748 2,716 2,615 2,897 5,296 5,189 5,075 4,954 4,854 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 H
Slide 22: Business loans
Business loans Business Loans (Less than Rs. 25 Crore exposure) MSME Loan Book by Geography Rest of Rs. in Crore Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 India 19% Kerala MSME/SME 14,509 14,008 13,576 13,391 13,093 44% Others 4,401 4,746 4,789 4,958 5,278 South (Ex- Kerala) Total 18,910 18,754 18,365 18,3
Slide 23: Corporate lending
Corporate lending Corporate Loan Book Standard Large Corporate Advances (Rs.100 Cr and above ) (Rs. in Crores) (Rs. in Crores) 10,592 10,146 18,603 9,997 16,925 9,437 14,227 14,522 15,082 25 22 6,516 6,867 18 15 3,177 10 11 5 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-
Slide 24: Slippages & collection efficiency
Slippages & collection efficiency Segment wise NPA slippages Collection efficiency Rs. in Crore Q1-2023 102.2% 100.6% Agriculture 83 95.1% 95.5% Business Loans 168 Personal Segment 87.7% 47 Corporate 137 Total 435 Q1-2022 Q2-2022 Q3-2022 Q4-2022 Q1-2023 Segment wise GNPA Rs. in Crore Q1-2022 Q2-2022
Slide 25: Non-Performing Assets
Non-Performing Assets Gross NPA Net NPA In % 8.02 In % 5.05 6.65 6.56 4.8 5.90 5.87 3.85 3.52 3.3 2.97 2.87 1.8 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Gross NPA Movement Net NPA Movement Rs. Cr. Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Rs. Cr. Jun-21 Sep-21 Dec-21 Mar-22 Jun
Slide 26: Stressed Assets
Stressed Assets Restructured Standard Advance Sector Break up (Rs. in Crores) 2,567 On Account of MSME 2,310 2,417 Restructuring 2,198 22% 17% General - DCCO Extention 1,899 4% OTR COVID Personal Segment 14% OTR COVID MSME 43% OTR COVID Corporate Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Covid One Time Res
Slide 27: Capital Composition
Capital Composition Risk Weighted Assets BASEL III 16.25 Rs. in Crore Jun 30, 2022 Mar 31, 2022 15.47 15.75 15.68 15.42 Total Capital 7,261.6 16.25% 7,207.7 15.86% - Tier I 6,087.4 13.62% 6,050.9 13.22% - Of which CET1 5,587.4 12.51% 5,550.9 12.13% 13.62 12.73 12.78 12.72 13.22 - Tier II 1,174.3 2.6
Slide 28: Investments
Investments Investment Book Jun 21 Mar 22 Jun 22 Details Rs. in Modified Modified Modified Rs. in Crore Rs. in Crore Crore Duration Duration Duration HTM 15,466 3.77 19,365 3.04 19,122 2.83 AFS 5,852 0.52 3,036 0.97 4,353 0.68 HFT 14 0.01 132 1.67 14 9.14 Total 21,333 3.12 22,534 2.91 23,489 2.57 SL
Slide 29: Wide network and young work force
Wide network and young work force Total Employees 01 Q1 FY23: 9,553 01 Q4 FY22: 9,232 04 01 01 Experienced Work Force 05 26 11 01 02 02 01 20% 02 01 34% 2% 02 01 04 19 01 20 03 15% 03 39 29% 42 5 < 1 Year 1-2 Years 2-5 Years 5-10 Years > 10 Years 22 No of 58 Classification Branches1 04 Metropolitan
Slide 30: Awards & Recognitions
Awards & Recognitions South Indian Bank wins the FINNOVITTI 2022 Awards South Indian Bank’s Learning and Development (L&D) unit Mr. Anto George T has been awarded with the “Most bagged two prestigious awards, at the National Awards for Admirable BFSI professional Award” from World BFSI from Banking
Slide 31: Launch of Customs duty collection through ICEGATE portal
Launch of Customs duty collection by South Indian Bank through ICEGATE portal South Indian Bank is authorized by RBI as an agency bank of RBI at DGBA central office RBI-Mumbai and is accredited and is authorized to collect Direct and Indirect taxes on behalf of Central Board of Direct Taxes (CBDT) a
Slide 32: Strong Management Team (1/2)
Strong Management Team (1/2) Mr. Murali Ramakrishnan, MD & CEO • Post Graduate Diploma in Finance and Marketing from IIM Bangalore; More than 32 years of experience in Retail & MSME Credit, Risk Management Policy and Business Intelligence Unit. • Previously, Head SME, Head Credit & Risk and Regional
Slide 33: Strong Management Team (2/2)
Strong Management Team (2/2) Mr. Nandakumar G, GM & Head SME Business • Associated with SIB for more than 26 years. Head of SME business • Vast experience across business functions like Branch/RO management, Retail Banking including Bancassurance and Marketing. Headed three large metro regions of th
Slide 34: For further information, please contact
For further information, please contact: The South Indian Bank Ltd. CIN - L65191KL1929PLC001017 Ms. Chithra H, CFO chithra@sib.co.in Mr. Vinod Francis, Joint General Manager vinodfrancis@sib.co.in Mr. Prashanth George Tharakan, Head IR prashanthgt@sib.co.in www.southindianbank.com 33 Bank on Us
Slide 35: Thank You
34 THANK YOU TH DIAN Bank Bank on Us wm
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