Indusind Bank Ltd. · NSE:INDUSINDBK
Indusind Bank — Q3 FY25 Earnings Presentation
51 slides from Indusind Bank's earnings presentation, Jan 31, 2025
Slide 1: Regulation 30 cover letter to stock exchanges
January 31, 2025 National Stock Exchange of India Limited (Symbol: INDUSINDBK) BSE Limited (Scrip Code: 532187) Luxembourg Stock Exchange Madam / Dear Sir, Sub.: Investor Presentation on the Unaudited Standalone and Consolidated Financial Results for the quarter and nine-months ended December 31, 20
Slide 2: Investor Presentation Q3-FY25
Investor Presentation Q3-FY25 | DECEMBER 2024 JANUARY 31, 2025
Slide 3: IndusInd Bank at a Glance
IndusInd Bank at a Glance 5th Largest Private Bank ₹ 3,66,889 crs ₹ 4,09,438 crs 42 mn 7,135 with Disproportionately Loans Deposits Customers Group Network Large Distribution Network Diversified Across Products and Geographies` Across Segments Pan India Universal Banking Approach 54:46 Loan Mix 35%
Slide 4: Key Financial Highlights for Q3 FY25
Key Financial Highlights for Q3 FY25 Loans Deposits CASA Term Deposits Total Assets Balance ₹ 3,66,889 crs ₹ 4,09,438 crs ₹ 1,42,818 crs ₹ 2,66,619 crs ₹ 5,49,499 crs Sheet 12% YoY 3% QoQ 11% YoY (1)% QoQ 1% YoY (3)% QoQ 18% YoY 1% QoQ 12% YoY 1% QoQ Net Interest Income Total Other Income Revenue Op
Slide 5: Consolidated Balance Sheet
Consolidated Balance Sheet ₹ crs Q3FY25 Q3FY24 Y-o-Y (%) Q2FY25 Q-o-Q (%) Capital & Liabilities Capital 779 778 - 779 - Reserves and Surplus 66,327 60,003 11% 64,923 2% Deposits 4,09,438 3,68,793 11% 4,12,397 (1)% Borrowings 50,087 40,473 24% 44,716 12% Other Liabilities and Provisions 22,868 18,818
Slide 6: Consolidated Profit and Loss Account – Q3 FY25 and 9M FY25
Consolidated Profit and Loss Account – Q3 FY25 and 9M FY25 ₹ Crore Q3FY25 Q3FY24 Y-o-Y (%) Q2FY25 Q-o-Q (%) 9M FY25 9M FY24 Y-o-Y (%) Net Interest Income 5,228 5,296 (1)% 5,347 (2)% 15,983 15,239 5% Other Income 2,355 2,396 (2)% 2,185 8% 6,983 6,888 1% Total Income 7,583 7,692 (1)% 7,532 1% 22,966 2
Slide 7: Key Strengths of the Bank
Key Strengths of the Bank Diversified Robust Strong Robust Stable Loan Book with Domain Liability Franchise Product Groups Profitability Asset Quality Expertise in Livelihood with Conservative Loans Provisioning Healthy Diversified Executing Digital ESG Experienced Capital Adequacy Distribution Netw
Slide 8: Key Strengths of the Bank
Key Strengths of the Bank Diversified Robust Strong Robust Stable Loan Book with Domain Liability Franchise Product Groups Profitability Asset Quality Expertise in Livelihood with Conservative Loans Provisioning Healthy Diversified Executing Digital ESG Experienced Capital Adequacy Distribution Netw
Slide 9: Well Diversified Loan Book across Consumer and Corporate Products
Well Diversified Loan Book across Consumer and Corporate Products Loan Book Mix (₹ crs) (₹ crs) 3,27,057 3,43,298 3,47,898 3,57,159 3,66,889 Consumer Banking Dec-24 % Vehicle Finance 93,586 25% 45% 44% 45% 47% 46% Commercial Vehicle 34,819 10% PV 28,788 8% Small CV 4,213 1% 55% 56% 55% 53% 54% Two-W
Slide 10: Vehicle Finance: Granular Portfolio Across Vehicle Categories
Vehicle Finance: Granular Portfolio Across Vehicle Categories Overview of Vehicle Finance Division Diversified Vehicle Loan Book across Vehicle Categories (%) Two Wheelers Small CV 6% 4% Tractor Market Leader 35+ Years of Vintage Focus on Business 9% CV in Most Products Across Credit Cycles Owner Se
Slide 11: Micro Loans: Bridging the Financial Inclusion Gap
Micro Loans: Bridging the Financial Inclusion Gap Micro Loan Book (₹ crs)* 39,192 35,761 37,046 32,723 32,564 2nd Largest 12 mn 1.60K Villages (9)% YoY Micro Finance BFIL Customers covered across 22 Lender States - QoQ Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Average Loan Outstanding per Borrower (₹)
Slide 12: Micro Loans: Additional Disclosures (1/2)
Micro Loans: Additional Disclosures (1/2) 9M FY25 Q3 FY25 Up to 6 M Up to 6 M 6-12 M 6% 6-12 M 3% 4% 5% 12-24 M 59% 10% 63% 12-24 M of Disbursements 9% Towards Centers with >5 24-36 M of Disbursements Years Vintage 9% Towards Centers with >5 Disbursements Across Years Vintage Centers by Vintage 24-3
Slide 13: Micro Loans: Additional Disclosures (2/2)
Micro Loans: Additional Disclosures (2/2) Net Collection Efficiency New Stress Formation Fresh Flows from Current Bucket to DPD 0+ (% of Current Book) Standard Customers (0-90 DPD) Current Customers (0 DPD) Trailing 3 Months Average (Indexed) 432 409 99.80% 99.4% 99.3% 99.5% 377 99.3% 98.8% 98.5% 98
Slide 14: Corporate Portfolio – Focus on Granular, Higher Rated Customers
Corporate Portfolio – Focus on Granular, Higher Rated Customers Corporate Loan Book (₹ crs) Improving Risk Profile * 1,66,118 1,70,236 BB+ & Below BBB-, BBB, BBB+ A-, A, A+ AA-, AA, AA+ AAA 1,52,053 1,57,273 1,46,587 23% 25% 24% 23% 16% YoY 29% 28% 30% 30% 2% QoQ 26% 26% 25% 26% 20% 18% 19% 18% Dec-
Slide 15: Non-Vehicle Retail Loans – Risk Calibrated Growth Strategy
Non-Vehicle Retail Loans – Risk Calibrated Growth Strategy Business Banking (₹ crs) Loan Against Property (₹ crs) 17,769 11,986 17,499 11,401 16,732 16,683 11,169 15,894 10,470 10,811 12% YoY 14% YoY 2% QoQ 5% QoQ Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Credit Cards (₹
Slide 16: Key Strengths of the Bank
Key Strengths of the Bank Diversified Robust Strong Robust Stable Loan Book with Domain Liability Franchise Product Groups Profitability Asset Quality Expertise in Livelihood with Conservative Loans Provisioning Healthy Diversified Executing Digital ESG Experienced Capital Adequacy Distribution Netw
Slide 17: Deposit Growth Driven by Granular Retail Deposits
Deposit Growth Driven by Granular Retail Deposits Deposits (₹ crs) Retail Deposits as per LCR (₹ crs)* Retail Deposits Share of Retail Deposits (%) 46% 44% 44% 45% 44% 3,98,513 4,12,397 4,09,438 3,68,793 3,84,586 14% YoY 11% YoY 1,65,371 1,69,457 1,74,245 1,81,911 4% QoQ 1,88,731 (1)% QoQ Q3 FY24 Q4
Slide 18: Healthy Share of CASA; Strong Liquidity Profile
Healthy Share of CASA; Strong Liquidity Profile CASA (₹ crs) CA (₹ crs) CASA Share of CASA % CA Share of CA % 38% 38% 37% 36% 35% 14% 12% 12% 13% 11% 1,41,924 1,45,666 1,46,134 1,47,944 1,42,818 50,044 52,606 46,989 48,475 45,872 1% YoY (8)% YoY (3)% QoQ (13)% QoQ Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Q3
Slide 19: Borrowings Constituted by Long Term Sources
Borrowings Constituted by Long Term Sources Borrowings (₹ crs) Borrowings Mix (%) Borrowings (₹ Cr) % of Total Liabilities Short-Term FCY Infrastructure (less than 12 Bonds Money Market months) 3% 12% Tier 2 Bonds 3% 6% 8% 9% 8% 8% 9% 50,087 47,611 44,716 44,169 40,473 Refinance from Long-Term FCY D
Slide 20: Key Strengths of the Bank
Key Strengths of the Bank Diversified Robust Strong Robust Stable Loan Book with Domain Liability Franchise Product Groups Profitability Asset Quality Expertise in Livelihood with Conservative Loans Provisioning Healthy Diversified Executing Digital ESG Experienced Capital Adequacy Distribution Netw
Slide 21: Strong Product Groups with Efficient Capital Deployment
Strong Product Groups with Efficient Capital Deployment Low RWA Consumption (₹ crs) LC-BG Mix Notional Amount Risk Weighted Assets ▪ One of the largest treasuries LC - Usance LC - Sight 10% in Indian banks with best-in- 5% class risk management 15,00,250 81,264 Financial Guarantees systems 45% 0.9%#
Slide 22: Key Strengths of the Bank
Key Strengths of the Bank Diversified Robust Strong Robust Stable Loan Book with Domain Liability Franchise Product Groups Profitability Asset Quality Expertise in Livelihood with Conservative Loans Provisioning Healthy Diversified Executing Digital ESG Experienced Capital Adequacy Distribution Netw
Slide 23: Yield / Cost Movement
Yield / Cost Movement 12.21% 12.31% Yield on Assets Yield on Advances 9.63% 9.69% Cost of Deposits Cost of Funds 6.58% 6.55% 5.70% 5.61% Q3FY25 Q2FY25 Segment-wise Yield: Q3 FY25 Q2 FY25 Outstanding (₹ crs) Yield (%) Outstanding (₹ crs) Yield (%) Corporate Banking 1,70,236 8.80% 1,66,118 8.89% Consu
Slide 24: Diversified Fee and Other Income Streams
Diversified Fee and Other Income Streams ₹ crs Q3FY25 Q3FY24 Y-o-Y(%) Q2FY25 Q-o-Q(%) Trade and Remittances 266 227 17% 250 6% Foreign Exchange Income 266 276 (4)% 256 4% Cards and Distribution Fees 662 743 (11)% 593 12% General Banking Fees 318 286 11% 461 (31)% Loan Processing Fees 595 626 (5)% 54
Slide 25: Key Financial Indicators
Key Financial Indicators Net Interest Margin (%) Total Fee to Asset Ratio (%) 4.29% 4.26% 4.25% 4.08% 3.93% 2.0% 2.0% 1.9% 1.7% 1.8% Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Operating Profit Margin (%) Cost to Income Ratio (%) % of Average Loans % of Average As
Slide 26: Key Financial Indicators
Key Financial Indicators Return on Assets* (%) Return on Equity* (%) 1.93% 1.90% 15.45% 15.23% 1.70% 13.52% 1.00% 1.03% 8.11% 8.45% Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Earning Per Share * (₹) Net Worth (₹ crs) 118.4 120.8 111.5 61,445 63,815 63,888 65,102
Slide 27: Key Strengths of the Bank
Key Strengths of the Bank Diversified Robust Strong Robust Stable Loan Book with Domain Liability Franchise Product Groups Profitability Asset Quality Expertise in Livelihood with Conservative Loans Provisioning Healthy Diversified Executing Digital ESG Experienced Capital Adequacy Distribution Netw
Slide 28: Movement in Non-Performing Assets
Movement in Non-Performing Assets Q3FY25 Q2FY25 ₹ crs Corporate Consumer Total Corporate Consumer Total Opening Balance 2,283 5,356 7,639 2,305 4,822 7,127 Fresh Additions 280 1,920 2,200 118 1,680 1,798 Deductions 80 1,384 1,464 140 1,146 1,286 -Write-offs 13 971 984 23 644 667 -Upgrades 20 130 150
Slide 29: NPA Composition – Consumer Banking
NPA Composition – Consumer Banking (₹ crs) Micro Q3 FY25 CV CE Small CV TW PV Tractor BBG/LAP Cards Others Total Loans Gross NPA 409 107 76 474 115 195 936 378 2,432 770 5,892 Gross NPA % 1.17% 0.86% 1.79% 8.73% 0.40% 2.42% 3.10% 3.40% 7.05% 2.48% 2.93% Micro Q2 FY25 CV CE Small CV TW PV Tractor BBG
Slide 30: Loan Related Provisions held as on December 31, 2024
Loan Related Provisions held as on December 31, 2024 ▪ Specific provision of ₹ 5,809 crs for non-performing accounts (towards PCR) ▪ Floating provisions of ₹ 70 crs (towards PCR) ▪ Standard contingent provisions of ₹ 1,325 crs (surplus outside PCR) ▪ Standard asset provisions of ₹ 1,588 crs other th
Slide 31: Key Strengths of the Bank
Key Strengths of the Bank Diversified Robust Strong Robust Stable Loan Book with Domain Liability Franchise Product Groups Profitability Asset Quality Expertise in Livelihood with Conservative Loans Provisioning Healthy Diversified Executing Digital ESG Experienced Capital Adequacy Distribution Netw
Slide 32: Healthy Capital Adequacy
Healthy Capital Adequacy CET1 Ratio (%) Capital Adequacy 16.07% 15.82% 16.15% 15.21% 15.18% ₹ crs 31 Dec 24 30 Sep 24 Credit Risk, CVA and UFCE 3,71,169 3,66,358 Market Risk 9,287 5,452 Operational Risk 48,709 48,709 Total Risk Weighted Assets 4,29,165 4,20,519 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Cor
Slide 33: Shareholding Pattern and Credit Ratings
Shareholding Pattern and Credit Ratings Diversified Shareholding Credit Ratings Domestic Rating: NRIs/ Director/ GDR issue ▪ CARE A1+ for Certificate of Deposits 7.38% Others Promoters 2.02% 15.08% ▪ CRISIL A1+ for certificate of deposit program / short term FD Individuals programme 9.54% ▪ CRISIL A
Slide 34: Key Strengths of the Bank
Key Strengths of the Bank Diversified Robust Strong Robust Stable Loan Book with Domain Liability Franchise Product Groups Profitability Asset Quality Expertise in Livelihood with Conservative Loans Provisioning Healthy Diversified Executing Digital ESG Experienced Capital Adequacy Distribution Netw
Slide 35: Disproportionately Large Distribution Network with Unparalleled Rural Presence
Disproportionately Large Distribution Network with Unparalleled Rural Presence Distribution Network with Deep Rural Presence Strengthening Distribution Infrastructure Dec 31, Mar 31, June 30, Sep 30, Dec 31, Particulars 2023 2024 2024 2024 2024 ~42 mn ~1,60,000 Branches/Banking Outlets 2,728 2,984 3
Slide 36: Key Strengths of the Bank
Key Strengths of the Bank Diversified Robust Strong Robust Stable Loan Book with Domain Liability Franchise Product Groups Profitability Asset Quality Expertise in Livelihood with Conservative Loans Provisioning Healthy Diversified Executing Digital ESG Experienced Capital Adequacy Distribution Netw
Slide 37: Digital Business at a glance – scaling up D2C model
Digital Business at a glance – scaling up D2C model as well as digital as an enablement Digital as a Direct Digital Business Model scaling Digital as an enablement – most of the business up consistently with quality is sourced digitally across retail products 70,000+ New Clients 5% share of acquired
Slide 38: INDIE: Scaling consistently and bringing a better way to Bank
INDIE: Scaling consistently and bringing a “better way to Bank” – now open for all IndusInd Bank customers and profitable standalone in Q3 1.4 Mn INDIE as a Platform accounts opened live now for all (till date) customers of the Bank > 1000 Cr 100 Mn+ 4.6 20% Value of new business added Transactions
Slide 39: Overall Digital DIY D2C / BaaS Business showed robust growth
Overall Digital DIY D2C / BaaS* Business showed robust growth Digital Assets Balance Sheet grew by 64% YoY, CASA by 32% YoY and FD by 19% YoY Digital Asset Balance Sheet – up 64% Digital CASA Balance Sheet – up 32% Digital FD Balance Sheet – up 19% YoY YoY YoY Indexed ENR (Rs Cr) Indexed ENR (Rs Cr)
Slide 40: 42% YoY growth in transactions from digital apps and platforms
42% YoY growth in transactions that happen from digital apps and platforms each quarter Increasing penetration of recurring setups and bill payments driving user engagement Indexed Volume Indexed Volume Indexed Volume # of txns from retail digital apps Bill Payments (INDIE) (Mn) Recurring Payments 5
Slide 41: Customer Lifecycle models deployed at scale
Customer Lifecycle models deployed at scale: 500+ digital campaigns; 750 Mn+ personalised nudges driven each month with feedback loops to continuously learn and improve efficiency Over 500+ campaigns and 750 Mn+ personalised nudges Over 150 customer Over 21 ML based propensity models and 70+ each mo
Slide 42: Q3 Launch Update: Indie for Business
Q3 Launch Update: Indie for Business – Live Now on PlayStore and App Store and as Web Portal ! 10,000+ Registered Users within a month of launch 41
Slide 43: Q3 Launch Update: Revamped Internet Banking
Q3 Launch Update: Revamped Internet Banking now live for customers on INDIE platform Phased Migration of customers underway ✓ Modern Tech Stack ✓ Cloud Native, Scalable, Resilient ✓ Enabled with real time event driven engagement capabilities ✓ Mar-Tech Stack Enabled ✓ Revamped Information Architectu
Slide 44: Key Strengths of the Bank
Key Strengths of the Bank Diversified Robust Strong Robust Stable Loan Book with Domain Liability Franchise Product Groups Profitability Asset Quality Expertise in Livelihood with Conservative Loans Provisioning Healthy Diversified Executing Digital ESG Experienced Capital Adequacy Distribution Netw
Slide 45: ESG highlights for Q3 of FY25
ESG highlights for Q3 of FY25 Best in ESG at ASSOCHAM Awards Rooftop Solar Loan for MSEs Introducing WaSH Sector Lending 2024 The Bank entered into a strategic To enhance our social impact and Winner at the ASSOCHAM 19th partnership with Tata power, on promote financial inclusion in rural Annual Sum
Slide 46: Key Strengths of the Bank
Key Strengths of the Bank Diversified Robust Strong Robust Stable Loan Book with Domain Liability Franchise Product Groups Profitability Asset Quality Expertise in Livelihood with Conservative Loans Provisioning Heathy Diversified Executing Digital ESG Experienced Capital Adequacy Distribution Netwo
Slide 47: Board of Directors with Diverse Expertise
Board of Directors with Diverse Expertise Name Nature of Directorship Special Knowledge /Expertise Prior Experience Mr. Sunil Mehta has over forty years of proven leadership experience in banking, financial services, insurance and investments with leading global and domestic financial institutions.
Slide 48: Experienced and Well-knit Management Team
Experienced and Well-knit Management Team Name Designation Exp (Yrs) Prior Experience Career banker with years of rich experience in large multi-national banks such as Citibank, Bank of Mr. Sumant Kathpalia Managing Director & CEO 36+ America and ABN AMRO Mr. Arun Khurana Executive Director, Deputy
Slide 49: Awards & Accolades
Awards & Accolades IndusInd Bank
Slide 50: Awards & Accolades
Awards & Accolades Best Customer Experience for Large and IndusInd Bank’s INDIE was recognized as Mid-Sized Banks at Assocham 19th Annual Best Bank Financing the Industry at the 51st The Ultimate Digital Banking Experience at Summit and Award, Banking & Financial India Gems and Jewellery Awards 2024
Slide 51: Disclaimer
Disclaimer This presentation has been prepared by IndusInd Bank Limited (the “Bank”) solely for information purposes, without regard to any specific objectives, financial situations or informational needs of any particular person. All information contained has been prepared solely by the Bank. No in