South Indian Bank Limited · NSE:SOUTHBANK
South Indian Bank — The South Indian Bank — Q4 FY2022 Earnings Presentation
34 slides from South Indian Bank's earnings presentation, May 12, 2022
Slide 1: Cover letter to stock exchanges
~ ~ . . . . · ~SOUTH .. ~ INDIAN Bank . . . DEPT: SECRETARIAL REF No. SEC/ST EX.STT/ 26 /2022-23 May 12, 2022 National Stock Exchange of India Ltd., BSE Ltd. Exchange Plaza, 5th Floor, Department of Corporate Services (Listing), Plot No.C/1 , G Block, First Floor, New Trading Wing, Bandra-Kurla Comp
Slide 2: Investor Presentation Q4-FY2022
~ one card ~ ~OUTH ~ INDIAN Bank ~OUTH ~ INDIAN Bank Shop and earn 5X Rewards Go digital with South Indian Bank With your South Indian Bank Aadhaar, PAN and Video call = Savings Account confirmed! OneCard Credit Card PaperleH No branch Only Aadhaar I. PAN account opening visit needed details require
Slide 3: Safe Harbour
Safe Harbour ~ INDIAN Bank 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
Slide 4: Transformation Journey
Transformation Journey Oct 2020 - Mar 2022 CASA Deposits Added Rs. 6,500 Cr of CASA deposits; CASA ratio improved to 33.2% (+540 bps) Advances (New Book) New book of Rs. 22,750 Cr with NIM of 3.7%, GNPA of 0.01% & SMA2 of 0.35% Capital adequacy CRAR improved by 192 bps to 15.86% at Mar 31, 2022 Prov
Slide 5: Consolidation of Advances
Consolidation of Advances Churned about 37% of overall loan book since October 1, 2020 Rs. in crores Old Book New Book Total Book Achieved record disbursements of Rs. 24,533 Crs in FY 2022 led by Corporate of Loan book 39,064 22,752 61,816 Rs. 10,247 Crs and Gold of Rs. 7,998 Crs Zero slippages
Slide 6: Concentrated efforts in recoveries and collections
~ Concentrated efforts in recoveries and collections lsouTH ~INDIAN Bank Recoveries & Upgrades at all time high Sequential improvement in SMA2 book Rs. in crores 1,307 Rs. in crores 2,139 1,840 1,330 410 348 324 892 FY2019 FY2020 FY2021 FY2022 Jun-21 Sep-21 Dec-21 Mar-22 Note: It excludes recoveries
Slide 7: Key highlights for Q4-2022
Key highlights for Q4-2022 ~ INDIAN Bank Reported highest quarterly profit after tax of Rs. 272 crores during Q4-2022 Recovery and upgrade of Rs. 412 crores was higher than slippages of Rs. 345 crores Net Interest Margin improved by 16 bps QoQ to 2.80% in Q4-2022 Provision coverage ratio imp
Slide 8: Operating Performance
~ Operating Performance lsouTH ~INDIAN Bank Deposits Retail Deposits CASA Advances FY22: Rs.89,142 Cr FY22: Rs. 85,320 Cr FY22: Rs.29,601 Cr FY22: Rs.61,816 Cr + 8% + 10% +20% 4% FY21 Rs. 82,711 Cr FY21: Rs.77,857 Cr FY21 Rs. 24,590 Cr FY21 Rs. 59,418 Cr NII Operating Profit Provisions PCR FY22: Rs.
Slide 9: Profit & Loss Overview (Standalone)
Profit & Loss Overview (Standalone) Rs. in Crore Q4-FY22 Q4-FY21 Y-o-Y (%) Q3-FY22 Q-o-Q (%) FY22 FY21 Y-o-Y (%) Net Interest Income 598 561 7% 573 4% 2,240 2,407 -7% Non Interest Income 204 435 -53% 222 -8% 1,034 1,229 -16% - Core Fee Income 142 125 14% 127 11% 477 403 18% - Treasury & Forex1 (52)
Slide 10: Net Interest Income
~ Net Interest Income lsouTH ~INDIAN Bank Quarterly 800 600 (Rs. in Crore) 2.61% -- 2.55% NII NIM 2.49% 2.64% 2.80% 3.50% 3.00% 2.50% 8.76 Cost Of Deposits 8.77 - 8.78 Yield on Advances 8.80 8.55 Cost Of Funds - Yield on Funds 400 7.12 6.82 598 2.00% 6.47 6.53 6.59 561 542 527 573 200 4.78 4.56 1.50
Slide 11: Non-Interest Income
Non-Interest Income Core Fee Income Treasury & Forex Income1 (Rs. in Crore) (Rs. in Crore) 142 127 251 124 117 64 49 92 53 46 167 35 237 151 75 71 74 78 61 57 52 47 37 26 10 T T 16 14 14 16 16 Q4 FY21 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q4 FY21 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 ■ Transaction ■ Technology
Slide 12: Operating Efficiency
Operating Efficiency Employee Additions Cost-to-Income Ratio1 805 82.1 -133 113 56 64.8 67.1 155 55.5 Q4 FY21 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 48.8 Q4 FY21 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 1. Ratio restated to give effect to new RBI directions on treatment of Depreciation on Investments Business per E
Slide 13: Provisions
Provisions (Rs. in Crore) Particulars Q4 FY22 Q3 FY22 Q4 FY21 For NPA & NPI 118 279 719 For Standard Assets 25 40 (290) For Restructured Advances/Sacrifices & FITL (19) 28 31 For Unhedged Forex Exposure - - (4) Others (46) (1) 1 Taxes (62) (16) 4 Total Provisions 16 330 460 12 Bank on Us -
Slide 14: Balance Sheet Overview (standalone)
Balance Sheet Overview (standalone) (Rs. in Crore) Particulars Mar 2022 Mar 2021 Y-o-Y (%) Dec 2021 Q-o-Q (%) Capital & Liabilities 1,00,052 94,149 6% 98,000 2% Capital 209 209 - 209 - Reserves and Surplus 5,645 5,600 1% 5,373 5% Deposits 89,142 82,711 8% 88,348 1% Borrowings 3,294 4,108 -20% 2,298
Slide 15: Key Metrics – Quarterly
Key Metrics – Quarterly FY21 FY22 Particulars Q4 Q1 Q2 Q3 Q4 Net Interest Margin (NIM) 2.61% 2.55% 2.49% 2.64% 2.80% CRAR Basel III 15.42% 15.44% 15.75% 15.68% 15.86% RoAA (Annualized) 0.03% 0.04% - - 1.10% Provision Coverage 58.73% 60.11% 65.02% 68.08% 69.55% CASA 29.73% 30.40% 30.82% 31.95% 33.21%
Slide 16: Deposits
Deposits Deposits Rs. in Crore Mar 2022 Mar 2022 Mar 2022 85,320 3,821 89,142 -21% -2% 10% -2% 8% 77,857 4,853 82,711 Mar 2021 Mar 2021 Mar 2021 Retail Deposit Bulk Deposit Total Deposits CASA Deposits Rs. in Crore Mar 2022 Mar 2022 Mar 2022 4,861 24,740 29,601 12% 22% 20% 4,321 20,269 24,590 Mar 20
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 86,840 88,348 89,142 82,711 84,611 Mar Jun Sep Dec Mar Deposit Type 2021 2021 2021 2021 2022 55,719 NR SB 6,065 6,566 6,535 6,824 6,980 55,630 55,922 53,268 54,250 NR CD 38 41 45 49 50 FCNR
Slide 18: Digital Banking
Digital Banking Digital vs Branch Transactions (no of transactions in Lakhs) 2000.0 93.3% 94.0% 92.9% 1563.9 93.0% 1500.0 1146.7 92.1% 92.1% 1363.7 92.0% 929.8 841.0 1000.0 91.0% 89.8% 90.0% 500.0 105.7 99.0 103.6 113.1 89.0% 72.1 0.0 88.0% Mar-21 - Jun-21 Transactions Through Branch - Sep-21 Transa
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 19% 27% 44,697 44,092 43,787 44,144 44,891 •• Corporate Personal Segment 30% 24% •• Business Loans Agriculture Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Break up of Loan book Loan Book Across Regi
Slide 20: Gold loans
Gold loans Consistent traction in Gold loans… (Rs. in Crore) -------- ----------~===· 9,364 ~+20% 9,471 9,862 10,766 8,999 8,151 6,722 7,146 6,669 6,411 2,588 2,695 2,749 2,716 2,615 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 19 • •Agri Retail Bank on Us -
Slide 21: Personal Segment
~ Personal Segment lsouTH ~INDIAN Bank Personal Segment Loans Rs. in Crore 14,818 14,675 14,380 14,736 14,612 1,225 1,265 1,392 1,236 1,761 1,115 1,103 1,150 1,111 961 1,151 902 856 1,309 1,247 3,541 3,414 3,240 3,094 2,884 2,588 2,695 2,748 2,716 2,615 5,388 5,296 5,189 5,075 4,954 Mar-21 Jun-21 Se
Slide 22: Business loans
Business loans Business Loans (Less than Rs. 25 Crore exposure) MSME Loan Book by Geography Rest of Rs. in Crore Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 India 19% Kerala MSME/SME 15,084 14,509 14,008 13,576 13,391 44% Others 4,372 4,401 4,746 4,789 4,958 South (Ex- Kerala) Total 19,456 18,910 18,754 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 9,997 16,925 9,437 14,721 14,227 14,522 15,082 25 22 6,516 6,867 18 15 3,177 10 11 5 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Mar-16 - Mar-17 Mar-18 % of total Advan
Slide 24: Slippages & collection efficiency
Slippages & collection efficiency Segment wise NPA slippages Collection efficiency Rs. in Crore Q4-2022 102.2% 100.6% Agriculture 76 95.1% Business Loans 171 Personal Segment 51 87.7% Corporate 47 Total 345 Q1-2022 Q2-2022 Q3-2022 Q4-2022 Segment wise GNPA Rs. in Crore Q4-2021 Q1-2022 Q2-2022 Q3-202
Slide 25: Non-Performing Assets
Non-Performing Assets Gross NPA Net NPA In % 8.02 In % 5.05 6.97 4.71 6.65 6.56 4.8 5.90 3.85 3.52 3.3 2.97 1.8 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Gross NPA Movement Net NPA Movement Rs. Cr. Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Rs. Cr. Mar-21 Jun-21 Sep-21 Dec-21 Mar
Slide 26: Stressed Assets
Stressed Assets Restructured Standard Advance Sector Break up (Rs. in Crores) 2,567 ■ On Account of MSME 2,417 Restructuring 2,310 17% 1,899 26% ■ General - DCCO Extention 4% 1,277 ■ OTR COVID Personal Segment 13% ■ OTR COVID MSME 40% ■ OTR COVID Corporate Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Covid On
Slide 27: Capital Composition
Capital Composition ~SOUTH ~INDIAN Bank Risk Weighted Assets BASEL III Rs. in Crore Mar 31, 2022 Dec 31, 2021 15.47 15.75 15.68 15.86 15.42 Total Capital 7,207.7 15.86% 7,151.5 15.68% - Tier I 6,050.9 13.22% 5,803.3 12.72% - Of which CET1 5,550.9 12.13% 5,303.3 11.63% 12.79 12.73 12.78 12.72 13.22 -
Slide 28: Investments
Investments Investment Book Mar 21 Dec 21 Mar 22 Details Rs. in Modified Modified Modified Rs. in Crore Rs. in Crore Crore Duration Duration Duration HTM 17,792 4.47 18,585 3.25 19,365 3.04 AFS 3,373 0.97 2,455 1.70 3,036 0.97 HFT 16 - 26 0.02 132 1.67 Total 21,180 4.19 21,066 3.20 22,534 2.91 SLR &
Slide 29: Wide network and young work force
Wide network and young work force ~SOUTH ~INDIAN Bank Total Employees 01 Q4 FY22: 9,232 01 Q3 FY22: 9,077 04 01 01 Experienced Work Force 05 26 11 01 02 02 01 15% 02 01 2% 35% 02 01 04 19 01 18% 20 03 03 39 30% 42 5 ■ < 1 Year ■ 1-2 Years 2-5 Years 5-10 Years > 10 Years 22 No of 58 Classification Br
Slide 30: Awards & Recognitions
Awards & Recognitions ~ INDIAN Bank “Business leader of the year award, 2022” in the category SIB’s Legal Team won the runner-up award in the 11th Annual of ‘Workplace and People Development’ by CMO Asia Legal Era –award in the category of Banking and Finance. Indian Banking Association (IBA) Bankin
Slide 31: 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 32: 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 33: 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. Chetan Parmar, Head IR chetanparmar@sib.co.in www.southindianbank.com 32 Bank on Us
Slide 34: Thank You
33 THANK YOU Bank on US wm
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