Indian Overseas Bank · NSE:IOB
Indian Overseas Bank — Non-Deal Roadshow (February 2025)
57 slides from Indian Overseas Bank's roadshow presentation, Feb 15, 2025
Slide 1: Exchange intimation: Non-deal Roadshows/Analyst/Institutional Investor Meet
Ref No. IRC/314/2024-25 15.02.2025 The General Manager, The Vice President, Department of Corporate Services, National Stock Exchange Ltd., BSE Limited, Exchange Plaza, C-1 Block G, Floor 1, P.J. Towers, Dalal Street, Bandra-Kurla Complex, Bandra (E), Mumbai 400 001 Mumbai – 400 051 BSE SCRIP CODE:
Slide 2: Indian Overseas Bank – Corporate Presentation, February 2025
Indian Overseas Bank – Corporate Presentation February 2025
Slide 3: Table of Contents
Table of Contents 1 Indian Overseas Bank Overview 3-9 2 Key Investment Highlights 10 - 38 3 Key Growth Strategies 39 - 40 4 Eminent Leadership 41 - 43 5 Digital and ESG Initiatives 44 - 48 6 Financial Statements 49 – 52 7 Glossary 53 - 55 2 Indian Overseas Bank – Corporate Presentation
Slide 4: Indian Overseas Bank Overview
Indian Overseas Bank 01 Overview 3 Indian Overseas Bank – Corporate Presentation
Slide 5: Overview of the Bank
Overview of the Bank Overview Financial Snapshot NIM %: Advances: Deposits: ▪ Indian Overseas Bank (“IOB”) was founded on 3.33% ₹ 2,37,632 Crs ₹ 3,05,121 Crs February 10, 1937 by Shri. M. Ct. M. as on as on as on Chidambaram Chettyar, and has since Dec 31, 2024 Dec 31, 2024 Dec 31, 2024 served 89 ye
Slide 6: PAN India Customer Touchpoints
PAN India Customer Touchpoints Branches ATM/CR 3,220 * 3,214 3,236 3,226 3,322 3,477 3,506 3,508 3,503 3,355 Mar-22 Mar-23 Mar-24 Dec-23 Dec-24 Mar-22 Mar-23 Mar-24 Dec-23 Dec-24 * Excluding 8 RLPCs(Retail Loan Processing Centres) Business Correspondents Dec’24 Branches 9,041 Metro, 21% Rural, 28% 7
Slide 7: Shareholding and Stock Performance of the Bank
Shareholding and Stock Performance of the Bank Shareholding Pattern as on 31.12.2024 Share Price Performance Market Price (INR) 90 79.73 80 Others, 70 DIIs, 1.35% 2.25% 60 48.21 FPIs, 0.02% 50 40 GoI, 96.38% 30 20.60 20 10 0 12-2022 12-2024 02-2022 04-2022 06-2022 08-2022 10-2022 02-2023 04-2023 06-
Slide 8: Performance Analysis
Performance Analysis Basic and Diluted EPS Book Value Per Share Price-to-Earning Ratio (INR) (INR) (x) 1.40 10.66 1.21 9.56 44.32 42.81 1.15 8.93 42.67 0.98 7.75 0.92 6.54 19.66 19.65 FY22 FY23 FY24 Dec'23 Dec'24 FY22 FY23 FY24 Dec'23 Dec'24 FY22 FY23 FY24 Dec'23 Dec'24 Price-to-Book Ratio Adjusted
Slide 9: Key Strengths
Key Strengths 1 Established Industry Presence ▪ Strong brand recall in South India and 89 years long operating history ▪ One of the largest Public-sector bank in India in terms of market capitalization 2 Established Wide Network of Branches and ATMs with a Pan-India Presence and a Global Footprint ▪
Slide 10: Awards and Accolades
Awards and Accolades ▪ 5 prestigious citations at the IBA Banking Top Achiever in Points Earned – Awards by Technology awards Indian Banking Association in Shikhar Conquest Campaign for PSB Alliance DSB ▪ Winner: Best Tech Talent and Organization, Runner up: Best (Digital) financial Inclusion, FY 20
Slide 11: Key Investment Highlights
02 Key Investment Highlights 10 Indian Overseas Bank – Corporate Presentation
Slide 12: Investment Highlights
Investment Highlights 1 Growing Business with a Healthy Portfolio Mix 2 Healthy Loan Book Growth 3 Inclusive Growth 4 Improving Asset Quality 5 Improved Bond Rating & Capital Adequacy 6 Financial Performance 7 Eminent Leadership 8 Technology & Digital Initiatives 9 Impact of Digital Infrastructure 1
Slide 13: Healthy Portfolio Mix (1/2)
Healthy Portfolio Mix (1/2) Global Business Global Deposit (INR crores) (INR crores) 5,42,753 3,05,121 4,49,892 5,04,923 4,94,209 4,17,960 2,85,905 2,78,046 2,62,159 2,60,883 FY22 FY23 FY24 9M FY24 9M FY25 FY22 FY23 FY24 9M FY24 9M FY25 Global Advances Business Portfolio Share Dec’24 (INR crores) 2,
Slide 14: Healthy Portfolio Mix (2/2)
Healthy Portfolio Mix (2/2) Deposit Profile CASA (%) (INR crores) 27,499 43.74% 43.90% 17,376 22,919 22,096 43.44% 43.49% 43.37% 16,670 1,02,589 1,04,839 96,501 97,443 98,819 1,48,282 1,46,770 1,60,397 1,57,131 1,72,783 FY22 FY23 FY24 9M FY24 9M FY25 Term Deposits Saving Deposits Current Deposits FY
Slide 15: Healthy Loan Book Growth (1/5)
Healthy Loan Book Growth (1/5) Advance Mix Domestic Advances Domestic Advances Mix as on Mar’24 (INR crores) Corporate, Retail, 24.2% 48,599 27.4% 54,995 60,469 52,425 43,124 38,170 41,552 40,641 34,856 69,139 29,494 55,636 50,326 38,577 43,988 42,400 48,514 46,617 58,611 36,961 MSME, 20.7% Agricult
Slide 16: Healthy Loan Book Growth (2/5)
Healthy Loan Book Growth (2/5) Retail Advance Mix (INR crores) 58,611 48,514 46,617 17,662 42,400 36,961 11,679 11,215 2,672 9,553 2,572 2,641 2,635 7,975 2,083 1,906 5,131 3,443 4,491 1,537 4,248 3,916 3,751 1,095 3,492 27,620 30,574 24,116 26,613 20,483 FY22 FY23 FY24 9M FY24 9M FY25 Home Loan Veh
Slide 17: Healthy Loan Book Growth (3/5)
Healthy Loan Book Growth (3/5) Agriculture Advance Mix (INR crores) 69,139 5,002 55,636 50,326 3,502 43,988 3,074 38,577 3,837 3,327 64,137 52,134 47,252 40,151 35,250 FY22 FY23 FY24 9M FY24 9M FY25 Agri - Direct Agri - Indirect Agriculture advances have growth at CAGR of 24% since FY22 16 Indian Ov
Slide 18: Healthy Loan Book Growth (4/5)
Healthy Loan Book Growth (4/5) MSME Advance Mix (INR crores) 43,124 41,552 40,641 34,856 9,047 8,960 8,838 29,494 4,243 7,812 7,633 10,588 4,419 6,959 6,531 23,654 24,780 24,170 23,489 18,544 FY22 FY23 FY24 9M FY24 9M FY25 Micro Small Medium 17 Indian Overseas Bank – Corporate Presentation
Slide 19: Healthy Loan Book Growth (5/5)
Healthy Loan Book Growth (5/5) Diversified Loan Book Aimed at Reducing Concentration Risk As of and for the Fiscal As of and for the nine month period ended FY22 FY23 FY24 December 31, 2024 Particulars Amount of Amount of Amount of Amount of Percentage Percentage Percentage Percentage loans loans lo
Slide 20: Focus on Inclusive Growth
Focus on Inclusive Growth PMJDY Account PMJDY Account Balance (No in lakhs) (INR crores) 3,509 3,767 85.9 3,432 3,486 78.9 76.7 68.0 53.1 1,932 Mar-22 Mar-23 Mar-24 Dec-23 Dec-24 Mar-22 Mar-23 Mar-24 Dec-23 Dec-24 PMJDY Zero Balance Accounts Jan-suraksha Scheme (No in lakhs) (INR lakhs) 5.2 78.5 70.
Slide 21: Improving Asset Quality (1/10)
Improving Asset Quality (1/10) Rated and Unrated Credit Exposure (above ₹25 Cr) (No of Accounts) 1,733 91 5% 379 22% 1,206 52 5% 1,083 87 7% 51 6% 829 91 8% 616 36% 98 12% 681 527 44% 458 42% 74 11% 259 31% 271 40% 24% 419 190 23% 355 29% 316 29% 132 16% 221 32% 124 149 12% 134 12% 185 11% 15% 93 14
Slide 22: Improving Asset Quality (2/10)
Improving Asset Quality (2/10) (INR crores) FY22 FY23 FY24 9M FY25 Standard NBFC O/s % O/s % O/s % O/s % NBFC – PSUs 1,223 12.6% 5,755 38.6% 5,790 37.0% 2,379 17.1% (excl. HFCs) NBFC – HFCs 4,793 49.3% 5,521 37.1% 4,787 30.6% 4,387 31.4% NBFC – MFIs - - - - - - - - NBFC - Others 3,704 38.1% 3,623 24
Slide 23: Improving Asset Quality (3/10)
Improving Asset Quality (3/10) Special Mention Account (SMA) (1 Cr & above) SMA Position of the Bank (1 Cr and above) FY22 FY23 FY24 9M FY24 9M FY25 Parameters Global % of Gross Global % of Gross % of Gross % of Gross % of Gross Global O/s Global O/s Global O/s O/s Advances O/s Advances Advances Adv
Slide 24: Improving Asset Quality (4/10)
Improving Asset Quality (4/10) Special Mention Accounts (SMA) & Slippages Sector-wise Slippage (INR crores) 4,845 4,030 1,592 1,516 1,357 1,132 1,123 1,077 1,053 890 812 651 626 585 372 333 244 61 97 10 Retail Agriculture MSME Corporate Total FY22 FY23 FY24 9M FY25 23 Indian Overseas Bank – Corporat
Slide 25: Improving Asset Quality (5/10)
Improving Asset Quality (5/10) One-Time Restructuring (INR crores other than No. of A/c) Agriculture Corporate 364 332 299 302 290 242 131 100 86 103 50 43 5 5 5 5 Mar-22 Mar-23 Mar-24 Dec-24 Mar-22 Mar-23 Mar-24 Dec-24 No of Accounts Amount Involved No of Accounts Amount Involved MSME Total 10,403
Slide 26: Improving Asset Quality (6/10)
Improving Asset Quality (6/10) Gross NPA Net NPA (INR crores) (INR crores) 20,000 12.0% 15,299 14,072 10.0% 15,000 9.8% 8.0% 3,825 3,266 10,000 7.4% 8,441 6.0% 6,794 6,071 4.0% 2.7% 1.8% 5,000 1,217 1,303 976 3.9% 2.0% 3.1% 2.6% 0.6% 0.6% 0.4% - 0.0% FY22 FY23 FY24 9M FY24 9M FY25 FY22 FY23 FY24 9M
Slide 27: Improving Asset Quality (7/10)
Improving Asset Quality (7/10) Movement in NPA (INR crores) Sr Particulars FY22 FY23 FY24 9M FY24 9M FY25 No 1 Opening Gross NPAs 16,323 15,299 14,072 14,072 6,794 a Cash Recovery 1,290 1,254 1,111 789 528 b Upgradation 968 1,023 577 487 230 c Write off 3,769 3,412 7,214 5,647 840 d Sale to ARCs 91
Slide 28: Improving Asset Quality (8/10)
Improving Asset Quality (8/10) Asset Classification (INR crores) Category FY22 FY23 FY24 9M FY24 9M FY25 O/S 1,40,502 1,74,937 2,12,224 2,07,722 2,31,561 Standard % 90.2% 92.6% 96.9% 96.1% 97.4% O/S 2,695 2,558 1,204 1,309 919 Sub-standard % 1.7% 1.4% 0.5% 0.6% 0.4% O/S 10,751 8,704 4,480 4,941 3,92
Slide 29: Improving Asset Quality (9/10)
Improving Asset Quality (9/10) Segment NPA (INR crores) Mar-22 Mar-23 Mar-24 Dec-23 Dec-24 Segmental NPAs ADV NPA Ratio % ADV NPA Ratio % ADV NPA Ratio % ADV NPA Ratio % ADV NPA Ratio % Retail 36,961 1,292 3.5% 42,400 1,802 4.3% 48,514 824 1.7% 46,617 846 1.8% 58,611 978 1.7% Agri 38,577 3,039 7.9%
Slide 30: Improving Asset Quality (10/10)
Improving Asset Quality (10/10) NCLT (Admitted) Accounts as on Dec’24 NARCL Accounts as on Dec’24 (INR crores) (INR crores) Particulars Accounts Balance Provisions PCR Position with Our Bank No. of Accounts Bal Outstanding RBI 1st List 4 1,241 1,241 100.00% Accounts already 7 1,538 resolved RB1 2nd
Slide 31: Improved Bond Rating & Capital Adequacy (1/2)
Improved Bond Rating & Capital Adequacy (1/2) Certificate of Deposit Sr No Rating Agency Tier-II Bond Rating A1+ CARE Rating (Highest Rating) 1 India Ratings AA/Stable Long-term Issuer Rating 2 CARE Ratings AA/Stable Rating Agency Rating Rating Action Upgraded on Jan India Ratings AA/Stable 17, 2025
Slide 32: Improved Bond Rating & Capital Adequacy (2/2)
Improved Bond Rating & Capital Adequacy (2/2) CRAR Capital (%) (INR crores) 24,875 26,771 23,482 4,170 17.28 20,925 4,035 16.80 16.97 3,987 16,050 4,189 22,601 16.10 2.80 20,840 19,495 2.64 3,622 16,736 2.85 12,428 3.22 22,601 16,736 20,840 19,495 13.83 12,428 3.12 FY22 FY23 FY24 9M FY24 9M FY25 14.
Slide 33: Financial Performance (1/7)
Financial Performance (1/7) Net Interest Income Operating Profit Net Profit (INR crores) (INR crores) (INR crores) 2,656 9,829 2,284 2,099 8,256 1,847 7,768 1,710 7,066 6,764 6,311 5,942 6,071 5,763 4,803 FY22 FY23 FY24 9M FY24 9M FY25 FY22 FY23 FY24 9M FY24 9M FY25 FY22 FY23 FY24 9M FY24 9M FY25 Re
Slide 34: Financial Performance (2/7)
Financial Performance (2/7) Staff Cost to Income Ratio Other Cost to Income Ratio Business Per Employee (INR crores) 18.78% 39.65% 26 18.39% 34.68% 24 23 33.15% 31.08% 20 19 26.16% 17.53% 16.65% 16.67% FY22 FY23 FY24 Dec'23 Dec'24 FY22 FY23 FY24 Dec'23 Dec'24 FY22 FY23 FY24 9M FY24 9M FY25 Net Profi
Slide 35: Financial Performance (3/7)
Financial Performance (3/7) Yield on Advances Yield on Investment Yield on Funds 6.9% 8.5% 8.8% 8.9% 9.0% 8.0% 8.1% 7.8% 6.9% 7.4% 6.4% 6.4% 6.4% 5.9% 5.8% FY22 FY23 FY24 Dec'23 Dec'24 FY22 FY23 FY24 Dec'23 Dec'24 FY22 FY23 FY24 Dec'23 Dec'24 Cost of Deposits Cost of Funds Net Interest Margin (NIM)
Slide 36: Financial Performance (4/7)
Financial Performance (4/7) Fee Based Income (INR crores) Particulars FY22 FY23 FY24 9M FY24 9M FY25 A. Exchange & Commission 328 396 363 223 364 B. Income from Non Fund Based Business 180 184 179 133 136 C. Processing charges 301 360 448 310 302 D. ATM/DBD Related Income 268 320 416 294 305 E. Mark
Slide 37: Financial Performance (5/7)
Financial Performance (5/7) Investment Portfolio (INR crores) As of and for the Fiscal As at the nine month As at the nine month Particulars period ended period ended December 31, 2023 December 31, 2024 FY22 FY23 FY24 Gross domestic investment 96,460 92,527 97,844 96,433 1,05,973 SLR 66,154 64,459 6
Slide 38: Financial Performance (6/7)
Financial Performance (6/7) Non-SLR Investment – Domestic As of and for the Fiscal As at the nine month As at the nine month period ended period ended FY22 FY23 FY24 December 31, 2023 December 31, 2024 As a As a As a As a As a Particulars percentage percentage percentage percentage percentage Amount
Slide 39: Financial Performance (7/7)
Financial Performance (7/7) Non-SLR Investment – Overseas As of and for the Fiscal As at the nine month As at the nine month period ended period ended FY22 FY23 FY24 December 31, 2023 December 31, 2024 As a As a As a As a As a Particulars percentage percentage percentage percentage percentage Amount
Slide 40: Key Growth Strategies
03 Key Growth Strategies 39 Indian Overseas Bank – Corporate Presentation
Slide 41: Growth Strategies
Growth Strategies Continued Focus on ▪ Creating an organizational culture of cost control and operational efficiencies Improving Overall ▪ Optimizing operating platform through technology enhancement and process streamlining Operating Performance Focus on Portfolio ▪ Implementation of recovery and d
Slide 42: Eminent Leadership
04 Eminent Leadership 41 Indian Overseas Bank – Corporate Presentation
Slide 43: Eminent Leadership (1/2)
Eminent Leadership (1/2) Shri Srinivasan Sridhar Shri Ajay Kumar Srivastava Non-Executive Chairman Managing Director & CEO ▪ Financial services expert with over 30 years of experience ▪ A banker with over 35 years of experience in the Banking gained internationally and in India industry ▪ Previously
Slide 44: Eminent Leadership (2/2)
Eminent Leadership (2/2) Shri Joydeep Dutta Roy Ms. Neelam Agrawal Executive Director Govt. Nominee Director ▪ Banking career spanning over 28 years ▪ An officer of 2008 batch of Indian Revenue Service ▪ Has held multiple positions in Bank of Baroda spanning ▪ Wide experience of over 10 years of han
Slide 45: Digital and ESG Initiatives
05 Digital and ESG Initiatives 44 Indian Overseas Bank – Corporate Presentation
Slide 46: Technology & Digital Initiatives (1/2)
Technology & Digital Initiatives (1/2) Customer Centricity Digital Innovation Prioritizing the overall customer experience by tailoring services to Pioneer in multiple digital initiatives with commitment towards meet customer needs and preferences transforming user experience 1 Self-service hub “dig
Slide 47: Technology & Digital Initiatives (2/2)
Technology & Digital Initiatives (2/2) Operational Efficiency Value Delivery Enhancing operational efficiency powered through blend of digital Digital initiatives have resulted in multifaceted value addition in centric process re- engineering and digital solutions accomplishing bank’s business visio
Slide 48: Impact of Digital Infrastructure
Impact of Digital Infrastructure Mobile Banking Users Retail Internet Banking Users Corporate Internet Banking Users (In lakhs) (In lakhs) (In lakhs) 91.7 31.0 27.2 26.1 1.9 68.9 1.7 63.9 22.8 1.6 19.7 1.4 49.2 1.3 34.3 Mar-22 Mar-23 Mar-24 Dec-23 Dec-24 Mar-22 Mar-23 Mar-24 Dec-23 Dec-24 Mar-22 Mar
Slide 49: ESG Initiatives
ESG Initiatives NVIRONMENTAL OCIAL OVERNANCE IOB Vehicle Loan for Various IOB Credit Scheme Complying with all Guidelines E-Bike/Car for Women & Regulations IOB Tejas for Renewable Solar Financial Literacy Centers Energy Equipment and also Effective Monitoring (SNEHA) Credit Facility to Windmills Si
Slide 50: Financial Statements
06 Financial Statements 49 Indian Overseas Bank – Corporate Presentation
Slide 51: Standalone Income Statement
Standalone Income Statement (INR crores) Particulars FY22 FY23 FY24 9M FY24 9M FY25 Interest Earned 16,730 19,401 24,050 17,421 20,498 Other Income 4,903 4,108 5,656 3,179 3,964 Total Income 21,633 23,509 29,706 20,600 24,462 Interest Expended 10,419 11,145 14,221 10,355 12,730 Operating Expenses 5,
Slide 52: Standalone Balance Sheet
Standalone Balance Sheet (INR crores) Particulars FY22 FY23 FY24 9M FY24 9M FY25 Capital & Liabilities Capital 18,902 18,902 18,902 18,902 18,902 Reserves & Surplus 4,098 6,361 9,040 8,255 10,358 Deposits 2,62,159 2,60,883 2,85,905 2,78,046 3,05,121 Borrowings 3,071 20,804 30,387 30,994 43,097 Other
Slide 53: Standalone Cash Flow Statement
Standalone Cash Flow Statement (INR crores) Particulars FY22 FY23 FY24 Cash Flow from Operating Activities Net Profit / (Loss) After Tax 1,710 2,099 2,656 Add: Provision for Tax 69 249 757 Net Profit / (Loss) before Tax 1,779 2,348 3,413 Adjustments for: Amortisation of HTM Investments 33 48 45 Loss
Slide 54: Glossary
07 Glossary 53 Indian Overseas Bank – Corporate Presentation
Slide 55: Glossary (1/2)
Glossary (1/2) ▪ ATM : Automated Teller Machine ▪ Fixed Deposit: A deposit of funds in a bank under an agreement stipulating that the funds must be kept on deposit for a stated period of time at a ▪ APY: Atal Pension Yojana predefined interest rate ▪ Base Rate: Reference rate used by banks for loan
Slide 56: Glossary (2/2)
Glossary (2/2) ▪ Net Interest Margin (NIM): Net interest margin is the net interest income ▪ Repo Rate: The interest rate for secured overnight or short term financing divided by average interest earning assets involving the sale and repurchase of securities ▪ Restructuring: Restructuring would norm
Slide 57: Disclaimer
Disclaimer This presentation has been prepared solely for information purposes, without regard to any specific objectives, financial situations or informational needs of any particular person. Certain forward-looking statements in these slides involve a number of risks, uncertainties and other facto
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