Bank Of India · NSE:BANKINDIA
Bank Of India — Non-Deal Roadshow (November 2023)
43 slides from Bank Of India's roadshow presentation, Nov 13, 2023
Slide 1: Exchange cover letter for analyst presentation
tas Jar Boi Bank of India TI-T4 T. Ref. No.:HO:IRC:SVM:2023-24: 03 "ft9TT Date: 13/11/2023 Scrip Code: BANKINDIA Scrip Code: 532149 The Vice President — Listing Department, The Vice-President — Listing Department, National Stock Exchange of India Ltd., BSE Ltd., Exchange Plaza, 25, P.J. Towers, Dala
Slide 2: Corporate Presentation November 2023
Corporate Corporate Presentation Presentation November November 2023 2023 1
Slide 3: Disclaimer (1/2)
Disclaimer………………………………(1/2) This presentation has been prepared for general information purposes in respect of Bank of India (“Bank”) together with its subsidiaries, associates and joint ventures, as applicable (together, with the Bank, the “Group”) only, without regard to any specific objectives, s
Slide 4: Disclaimer (2/2)
Disclaimer………………………………(2/2) This presentation includes certain industry data and projections that have been obtained from industry publications and surveys. Industry publications and surveys and forecasts generally state that the information contained therein has been obtained from sources believed
Slide 5: Table of Contents
Table of Contents Bank of India – Overview | 5-8 Key Performance Highlights | 9-14 Asset Quality | 15-18 International Business Overview | 19-20 Capital Adequacy | 21-22 Digital Banking, ESG, Network Management Team, etc. | 23-29 Subsidiaries, Joint Venture, Associates & RRBs | 30-33 Way Forward & G
Slide 6: Bank of India - Overview
NN pork Bank of India - Overview
Slide 7: Established franchise with 100+ years of history
Established franchise with 100+ years of history Over 118 Years of Banking Diversified Asset Book with Experience and Legacy improving Risk Profile • Led by an experienced • Focus on RAM and Mid Management and distinguished Segment Advances Board of Directors • Resolution/ Reducing NPAs • The Bank h
Slide 8: Bank of India – India's 6th largest Public Sector Bank
Bank of India – India’s 6th largest Public Sector Bank Overview All figs for H1FY24 / Sep’ 23 • Founded in 1906, rich legacy of over 118 years Global Advances: Global Deposits: CASA: • As of FY23, Bank of India is the 6th largest^ Public Sector INR 5431.3 Bn INR 7037.5 Bn 43.13% Bank’s in India by G
Slide 9: Ratings and Shareholding Pattern as on 30.09.23
Ratings and Shareholding Pattern as on 30.09.23 Domestic Long Term Ratings Shareholding Pattern Rating Agency Ratings As on Sep’ 23 Infomerics AAA (Stable) Particulars Shareholding CRISIL Ltd. AA+ (Stable) Government of India 81.41% ICRA Ltd. AA+ (Stable) Life Insurance 7.05% Corporation India Ratin
Slide 10: Key Performance Highlights
Key Performance Highlights 9 8
Slide 11: Key Performance Highlights
Key Performance Highlights 1 Growing Total Business (Global Advances + Global Deposits) Rs. Bn 10,849.10 11,413.55 11,854.38 12,148.08 12,468.79 6,278.96 6,475.41 6,695.86 6,965.44 7,037.51 4,570.14 4,938.14 5,158.52 5,182.64 5,431.28 Mar' 22 Sep' 22 Mar '23 Jun '23 Sep' 23 Global Advances Global De
Slide 12: Key Performance Highlights (cont…)
Key Performance Highlights (cont…) 4 Consistent Operating Profit (Quarterly) 5 Increasing Profitability - Profit After Tax (PAT) (Quarterly) Rs. Bn Rs. Bn 41.84 37.56 15.51 14.58 37.52 33.74 13.50 24.66 9.60 6.06 Mar' 22 Sep' 22 Mar '23 Jun '23 Sep' 23 Mar' 22 Sep' 22 Mar '23 Jun '23 Sep' 23 6 Reduc
Slide 13: Low Cost Deposit Base with CASA and Retail Term Deposit
Low Cost Deposit Base with CASA and Retail Term Deposit (TD) Growing Deposit Base Rs. Bn 6271 6279 6696 6475 7038 1049 Overseas 760 771 1025 961 Deposits Domestic 5511 5508 5671 5514 5989 Deposits Mar'21 Mar' 22 Mar' 23 Sep' 22 Sep' 23 Key Parameters of the Deposit Book Rs. Bn CASA Ratio TD Composit
Slide 14: Asset Book with growing share of RAM Advances
Asset Book with growing share of RAM Advances Growing Advances Rs. Bn 5431 5158 4938 4570 842 905 Overseas 4104 816 630 Advances 481 Domestic 4316 4122 4526 Advances 3623 3940 Mar'21 Mar' 22 Mar' 23 Sep' 22 Sep' 23 Gradually shifting the mix towards RAM Advances and de-growth of rate sensitive Gover
Slide 15: Diversified Loan Assets Portfolio
Diversified Loan Assets Portfolio (INR Bn) Corporate Advances are diversified across sectors Retail Loan Portfolio as on 30-09-2023 % of Home loans Sector Mar' 21 Mar' 22 Mar' 23 Sep’ 23 domestic advances 12% Vehicle loans Infrastructure 586.9 655.5 651.8 653.7 14.4 8% Education 73% 66%loans Basic M
Slide 16: Asset Quality
Asset Quality BOI * 15
Slide 17: Improving Asset Quality
Improving Asset Quality Consistent Reduction in NPAs Consistent increase in PCR IRAC Automation has been completed Gross NPA Net NPA 9.98% 89.7% 89.6% 8.51% 87.8% 7.31% 6.67% 5.84% 86.2% 2.34% 1.92% 1.66% 1.65% 1.54% Mar' 22 Sep' 22 Mar '23 Jun '23 Sep' 23 Mar' 21 Mar' 22 Mar' 23 Sep' 23 SMA positio
Slide 18: NPA Segment wise, Restructured Advance Portfolio and SMA-2
NPA Segment wise, Restructured Advance Portfolio and SMA-2 Break up of NPAs segment wise (as % of Segment-wise Advances) 30-09-22 31-03-23 30-06-23 30-09-23 Retail 2.3% 2.2% 2.4% 2.3% Agri 12.5% 13.0% 13.1% 12.6% MSME 15.0% 14.4% 14.2% 14.0% Corporate 7.8% 6.5% 4.8% 4.5% Overseas 8.2% 4.1% 4.0% 0.4%
Slide 19: Recovery Data and Provision in NCLT Accounts
Recovery Data and Provision in NCLT Accounts Movement Of NPA – Trending Downwards Strong execution seen towards reduction in NPAs Rs. Bn (INR Bn) Sl. Parameters FY21 FY22 FY23 H1FY24 Gross NPAs at the 45.1 1 615.5 565.4 456.1 376.9 beginning of the period 36.9 2 - Cash Recovery 41.9 67.1 60.3 25.8 Q
Slide 20: International Business Overview
International Business Overview 1918
Slide 21: Overseas Business Operations
Overseas Business Operations Categories No of Foreign Offices Overseas Branches (21) 21 Overseas Subsidiaries (4) 22 Overseas Joint Ventures (1) 1 Representative Offices 1 IFSC Banking Unit (IBU) – GIFT 1 Total No. of Foreign Offices 46 (Amounts in INR Bn) Parameters 30-09-2022 30-06-2023 30-09-2023
Slide 22: Capital Adequacy
NN Bork Capital Adequacy 21
Slide 23: Capital Adequacy Ratio
Capital Adequacy Ratio CRAR 16.51% 16.28% 14.93% 15.63% 2.59% 1.87% 2.28% 2.97% 13.92% 14.41% 13.35% 11.96% 11.1% 12.0% 12.0% 13.49% 13.60% 12.60% 11.51% 9.9% Mar-21 Mar-22 Mar-23 Sep-23 CET1 Capital Tier I Capital Tier II Capital (INR Bn) Particulars Mar’ 2021 Mar’ 2022 Mar’ 2023 Sep’ 2023 Capital
Slide 24: Digital Banking, ESG, Network, Management Team, etc.
Digital Banking, ESG, Network, Management Team, etc. 2322
Slide 25: Improving Digital Presence
Improving Digital Presence Internet Banking Users (Mn) Strong Suite of Digital Products 8.7 As on Sep‘23 8.5 8.1 7.4 Mar'21 Mar' 22 Mar' 23 Sep' 23 > 17 Mn Users > 46 Mn Debit Cards Mobile Users (Mn) Digital Initiatives 9.1 8.0 Bank has inaugurated two Digital Banking Units in East Singhbhum 6.1 d
Slide 26: Digital Transactions Data as on March'23
Digital Transactions Data As on March’23 2524
Slide 27: Digital Initiatives
Digital Initiatives Digital Banking BOI MOBILE OMNI NEO UPI Lite X (Offline - using NFC): Credit Card through e- BANK: An Omni channel digital A new variant of UPI Lite for Platform: Credit Card can be banking platform transacting in offline mode with “on on-boarded through Branch device wallet” and
Slide 28: Environmental, Social & Governance Practices
Environmental, Social & Governance Practices ESG Environment Social Governance During the quarter ending Q2FY24, Bank has financed 43672 SHG’s Bank is having Board Approved ESG Bank has discounted 7149 Bills on through credit linkage with total policy in place. TreDS platform with outstanding
Slide 29: Pan India Presence with strong Global Reach
Pan India Presence with strong Global Reach Strong focus on under banked areas – Rural & Semi 5135 domestic branches Urban As on Sep’ 23 9 1 8228 ATMs & CRMs 10 19% Rural 19 162 36% Semi-urban > 118.2 Mn Customers 38 Urban 16% 100 66 5 Metro 2 29% 156 523 53 2 349 4 6 Strong Global Presence 494 13 3
Slide 30: Experienced Management Team
Experienced Management Team Shri Rajneesh Karnatak (MD and CEO) Designated as Managing Director and CEO of the Bank on April 29, 2023 Having 29 years of Banking Experience, he has served as CGM in Punjab National Bank and as ED in Union Bank of India in the past Shri P R Rajagopal Shri Swarup Da
Slide 31: Subsidiaries, Joint Venture, Associates & RRBs
Subsidiaries, Joint Venture, Associates & RRBs 3029
Slide 32: Overseas Subsidiaries and Joint Venture
Overseas Subsidiaries and Joint Venture As on 30.09.2023 (Amt. in INR Billion) Subsidiary/ Joint Business Interest Operating Capital Deposits Advances Net Profit Venture Mix Income Profit Bank of India (New 2.47 4.30 6.99 11.28 0.27 0.13 0.09 Zealand) Ltd. Bank of India 1.33 5.04 3.49 8.54 0.13 0.07
Slide 33: Domestic Subsidiaries, Associates and Joint Ventures
Domestic Subsidiaries, Associates and Joint Ventures As on 30.09.2023 (Amt. in INR Billion) S No. Name of the Company Nature of Business Book Value Percentage Holding Subsidiaries - Domestic 1 BOI Merchant Bankers Ltd. Merchant Banking Company 0.10 100.00 Depository Participant 2 BOI Shareholding Lt
Slide 34: RRBs Sponsored by Bank of India
RRBs Sponsored by Bank of India As on 30.09.2023 (Amt. in INR Billion) S No. Name of the Company Area of Operation Business Mix Profit 1 Aryavart Bank Uttar Pradesh 554.81 0.10 2 Madhya Pradesh Gramin Bank Madhya Pradesh 314.41 1.51 3 Vidharbha Konkan Gramin Bank Maharashtra 93.33 0.20 3332
Slide 35: Way Forward & Growth Strategies
Way Forward & Growth Strategies 3433
Slide 36: Key Growth Strategies
Key Growth Strategies Targeted growth in Digital HR & Leadership Risk Management business Transformation Management • Specialized Mid • Setting up Digital • Tech-driven Credit • Promote effective HR Segment Branches to tap Lending Ecosystem & Monitoring System for practices to improve the new Mid Se
Slide 37: Vision & Future Outlook
Vision & Future Outlook Expand the Bank’s Retail, Agriculture and MSME (RAM) lending profile through Digital Lending Ecosystem by leveraging its customer base Continue to contain funding cost by sourcing low cost deposits such as CASA and targeting Retail Term Deposits Focus on Zonal Collection Cent
Slide 38: Annexures
Annexures BOI * 37
Slide 39: Profit & Loss Statement
Profit & Loss Statement (Amt. in INR Billion) FY21 FY22 FY23 Q1FY24 Q2FY24 Interest Income 406.0 380.76 476.48 143.59 149.71 Interest Expense 263.3 240.13 273.73 84.44 92.31 Net Interest Income 142.7 140.63 202.75 59.15 57.40 Non Interest Income 74.4 78.79 71.00 14.62 16.88 Operating Income 217.1 21
Slide 40: Non Interest Income
Non Interest Income (Amt. in INR Billion) FY21 FY22 FY23 Q1FY24 Q2FY24 Commission/Exchange & Brokerage 11.1 11.98 13.68 3.55 4.83 Profit from Sale and Revaluation of 19.48 14.07 18.36 2.97 0.81 Investments Profit from Exchange Transactions 18.9 25.60 10.04 1.83 1.08 Recovery in W/o accounts 5.3 10.9
Slide 41: Balance Sheet
Balance Sheet (Amt. in INR Billion) FY21 FY22 FY23 H1FY24 CAPITAL & LIABILITIES Capital 32.8 41.04 41.04 41.04 Reserves & Surplus 424.1 510.27 548.66 567.92 Share Application Money 30.0 - - - Deposits 6271.1 6278.96 6695.86 7037.51 Borrowings 324.6 267.60 649.79 653.60 Other Liabilities & Provisions
Slide 42: Net Worth – Book Value per share
Net Worth – Book Value per share (Amt. in INR Billion) Book Value Per Share Sr.No. Particulars Sep' 23 A Share Capital 41.04 B Share Application Money Pending allotment 0.0 C Reserves & Surplus (excluding Revaluation Reserve & FCTR) - i) Statutory Reserve 94.86 ii) Capital Reserve 33.52 iii) Revenue
Slide 43: Thank you
NN Bork Thank you 42