Bank Of Baroda · NSE:BANKBARODA

Bank Of Baroda — Q1 FY2024 Earnings Presentation

38 slides from Bank Of Baroda's earnings presentation, Aug 5, 2023

  1. Slide 1: Performance Analysis Q1FY24

    Performance Analysis Q1FY24 1

  2. Slide 2: Key Highlights

    Key Highlights © 2023 Bank of Baroda. All Rights Reserved Page | 2

  3. Slide 3: Key Highlights

    Key Highlights Business Details (INR crore) Key Performance Drivers Jun 30, 2022 June 30, 2023 YoY (%) Net Interest Margin (%) Net Profit (INR crore) Domestic Deposits 9,09,095 10,50,306 15.5 International Deposits 1,23,619 1,49,602 21.0 25 bps YoY Global Deposits 10,32,714 11,99,908 16.2 14,110 3.2

  4. Slide 4: Financial Performance

    Financial Performance © 2023 Bank of Baroda. All Rights Reserved Page | 4

  5. Slide 5: Key Ratios

    Key Ratios Cost of Deposits Net Interest Margin Domestic Domestic Global International 3.41% 3.42% 3.07% 4.52% 4.74% 3.81% 4.68% 4.43% Q1FY23 Q1FY24 FY23 3.78% 4.25% 3.46% International 0.79% 1.92% 1.94% 1.68% Q1FY23 Q4FY23 Q1FY24 Yield on Advances Domestic Global International Q1FY23 Q1FY24 FY23 9.

  6. Slide 6: Operating Performance

    Operating Performance Particulars Q1 FY23 Q4 FY23 Q1 FY24 YoY (%) (INR crore) Interest on advances 13,038 19,095 19,813 52.0 Interest on investments 4,940 6,057 6,028 22.0 Other Interest income 959 705 715 -25.5 Total Interest Income 18,937 25,857 26,556 40.2 Interest on Deposits 8,835 12,443 13,691

  7. Slide 7: Non-Interest Income

    Non-Interest Income Particulars Q1 FY23 Q4 FY23 Q1 FY24 YoY (%) (INR crore) Commission, Exchange, Brokerage 614 898 745 21.3 Incidental Charges 292 373 389 33.2 Forex Income 63 58 46 -27.0 Other Miscellaneous Income 308 385 327 6.2 Fee based Income 1,277 1,714 1,507 18.0 Trading Gains – Profit from

  8. Slide 8: Operating Expenses

    Operating Expenses Particulars Q1 FY23 Q4 FY23 Q1 FY24 YoY (%) (INR crore) Employee Cost 3,043 3,781 3,754 23.4 of which: Salaries 2,355 3,016 2,980 26.5 Provisions for employees 688 765 774 12.5 Other Operating Expenses 2,449 3,137 2,740 11.9 of which : 313 463 329 5.1 Rent, Taxes and Lighting Prin

  9. Slide 9: Profit Position

    Profit Position Particulars Q1 FY23 Q4 FY23 Q1 FY24 YoY (%) (INR crore) Operating Profit 4,528 8,073 7,824 72.8 Total Provisions 1,685 1,421 1,946 15.5 of which: 1,560 320 1,693 8.5 Provision for NPA & Bad Debts Written-off Provision for Standard Advances -120 419 144 -- Provision for Non Performing

  10. Slide 10: Business Performance

    Business Performance © 2023 Bank of Baroda. All Rights Reserved Page | 10

  11. Slide 11: Deposits

    Deposits % share in Domestic Deposits in Jun’ 23 Particulars Jun’22 Jun’23 YoY (%) Mar’23 Jun’23 QoQ (%) (INR crore) Savings Deposits Domestic CASA Deposits 4,01,622 4,23,600 5.5 4,42,511 4,23,600 -4.3 34% Term Domestic Term Deposits 5,07,473 6,26,706 23.5 6,04,864 6,26,706 3.6 Deposits 60% Current

  12. Slide 12: Advances

    Advances Particulars Jun’22 Jun’23 YoY (%) Mar’23 Jun’23 QoQ (%) % share in Gross Domestic Credit in Jun’23 (INR crore) Agriculture Retail* 1,47,535 1,84,091 24.8 1,78,037 1,84,091 3.4 15.7% Home Loans* 84,450 99,976 18.4 98,014 99,976 2.0 Auto Loans* 26,340 32,171 22.1 31,261 32,171 2.9 Corporate M

  13. Slide 13: Industry-wise Outstanding

    Industry-wise Outstanding Jun'22 Jun'23 Particulars (INR crore) Outstanding Share (%) Outstanding Share (%) Rating Profile Infrastructure of which 1,06,884 15.4 1,05,956 13.0 1. Power 53,210 7.7 49,564 6.1 2. Telecom 10,726 1.5 8,921 1.1 3. Roads & Ports 28,630 4.1 35,621 4.4 5. Other Infrastructure

  14. Slide 14: Segment wise breakup & Ratings of NBFC Standard Outstanding

    Segment wise breakup & Ratings of NBFC Standard Outstanding NBFC Portfolio by Ownership Rating Profile of NBFCs Standard Outstanding* Particulars Mar’23 Jun’23 Outstanding Outstanding 12% 11% % Share % Share (INR crore) (INR crore) Pvt others AAA 94,640 70.38 98,649 72.37 45% 45% Backed by Large AA

  15. Slide 15: Treasury Operations

    Treasury Operations Particulars • Domestic investment book comprises of 67.46% in HTM; 32.38% in Jun ’22 Mar ’23 Jun ’23 (INR crore) AFS and 0.16% in HFT. • The percentage of Investments in SLR Securities to NDTL at Jun 3,20,412 3,52,875 3,47,562 30, 2023 was at 27.06%. Domestic Investments of which

  16. Slide 16: Financial Inclusion

    Financial Inclusion Total Financial Inclusion Accounts Balance /Avg Balance in FI accounts (in Lakh) 33,206 32,549 Zero Balance Accounts (%) 27,849 681 5.5% 674 5.2% 5.2% 656 4,247 4,927 4,783 Jun'22 Mar'23 Jun'23 Jun'22 Mar'23 Jun'23 Market Share* of BOB in PMJDY Accounts (%) Jun'22 Mar'23 Jun'23 B

  17. Slide 17: Asset Quality

    Asset Quality © 2023 Bank of Baroda. All Rights Reserved Page | 17

  18. Slide 18: Movement of NPAs

    Movement of NPAs Particulars Q1 FY23 Q4 FY23 Q1 FY24 (INR crore) A. Opening Balance 54,059 41,858 36,764 B. Additions 4,352 2,744 2,761 Out of which, Fresh Slippages 3,266 2,242 2,452 C. Reductions 5,820 7,838 4,693 Recovery 1,740 1,795 986 Upgradation 859 1,007 951 Cash Recovery + Upgradation 2,599

  19. Slide 19: Sectoral & Industry wise Contribution of NPAs

    Sectoral & Industry wise Contribution of NPAs Sector-wise NPA Industry-wise NPA Particulars (INR crore) Q1 FY23 Q4 FY23 Q1 FY24 Particulars (INR crore) Q1 FY23 Q4 FY23 Q1 FY24 Infrastructure of which 3,168 837 287 Corporate 13,323 3,636 1,519 1. Power 1,912 242 65 2. Telecom 2 2 2 MSME 12,471 10,849

  20. Slide 20: Asset Quality: Sectoral Fresh Slippages

    Asset Quality : Sectoral Fresh Slippages Fresh Slippages CRILC o/s SMA1 and SMA 2 (%) Particulars (INR crore) Q1 FY23 Q4 FY23 Q1 FY24 Corporate 568 45 177 MSME 1,107 1,220 1,143 Retail 575 424 612 0.48 0.48 Agriculture 702 540 436 0.32 0.29* Others 17 9 9 Jun-22 Mar-23 Jun-23 Jun-23* Total Domestic

  21. Slide 21: Exposure to NCLT Accounts

    Exposure to NCLT Accounts 52,612 99.18% 99.31% 38,928 98.49% 96.43% 95.54% 5,052 6,192 2,440 RBI 1 List RBI 2 List Accounts filed Accounts filed Total RBI 1 List RBI 2 List Accounts filed Accounts filed Total by BOB at by others at by BOB at by others at NCLT NCLT NCLT NCLT Exposure in INR Crore Pro

  22. Slide 22: Capital Adequacy

    Capital Adequacy © 2023 Bank of Baroda. All Rights Reserved Page | 22

  23. Slide 23: Capital Adequacy

    Capital Adequacy 16.24% 16.31% 15.46% 15.25% 15.84% Tier II 14.93% 2.25% 2.20% 2.16% 2.49% 2.44% 2.31% AT-1 1.75% 1.70% 1.64% 1.73% 1.86% 1.79% CET-1 12.24% 11.94% 12.51% 11.24% 10.95% 10.83% Jun'22 Sep'22 Dec'22 Mar'23 Jun'23 Consol Jun'23 Particulars (INR crore) Jun ’22 Mar ’23 Jun ’23 Jun ’23 (Co

  24. Slide 24: Sustainability Initiatives

    Sustainability Initiatives © 2023 Bank of Baroda. All Rights Reserved Page | 24

  25. Slide 25: Sustainability Initiatives

    Sustainability Initiatives The Bank is committed and responsible towards ➢ Creating energy efficient infrastructure and digitizing processes. protecting & preserving the gifts of nature for our ➢ All boundary lights in the Corporate Office Building, Mumbai are powered through Solar future generation

  26. Slide 26: Enhancing Employee Engagement

    Enhancing Employee Engagement ➢ The Bank strives to enhance Employee Engagement through various Pro-Employee Initiatives which are crafted based on the inputs received during ‘Voice of Barodians’ Employee Engagement Surveys. ➢ The fourth edition of the survey ‘Voice of Barodians 2023’ was launched w

  27. Slide 27: Digital Milestones

    Digital Milestones © 2023 Bank of Baroda. All Rights Reserved Page | 27

  28. Slide 28: Digital Milestones…1/3

    Digital Milestones…1/3 2nd 2nd 2nd Rank in e-stamping Rank in e-sign Infra Rank in Debit Card usage usage Issuance June’23 Source: NeSL June’23 Source: NeSL June’23 Source: RBI 3rd 99.82% 94% Rank in UPI UPI Remittance Transactions done remittance Success Rate digitally June’23 Source: NPCI June’23

  29. Slide 29: Digital Milestones….2/3

    Digital Milestones….2/3 50% 58% 42% 34% SGB Sales through New FDs New RDs No of merchants using POS, Digital (through Digital) (through Digital) UPI QR, IPG June’23 tranche Q1 FY24 Q1 FY24 as of 30.06.2023 61% 35% 48% 35% Credit Card Digitally active MSME Loans Digital MSME sourced digitally# custom

  30. Slide 30: Digital Milestones…3/3

    Digital Milestones…3/3 8.1 Million 43% 87% Daily Txns on %FDs/RDs opened % IMPS txns through bob World through bob world bob world (Fin & Non-Fin) 80% 86% 87% Digital Passbook UPI handle % Billpay txns accessed through generated through through bob World bob world bob World 6 44% PPF Account Average

  31. Slide 31: Digital Progress

    Digital Progress Key Metric FY-22 FY-23 FY-24 (Q1) DIGITAL SB Opening 96% 96% 98% DIGITAL CA Opening 75% 90% 91% DIGITAL CREDIT CARD 60% NA 61% ISSUANCE# #For 7 variants Personal Loan 87% 80% 89% (Sanctioned digitally) © 2023 Bank of Baroda. All Rights Reserved Page | 31

  32. Slide 32: Consolidated Financials

    Consolidated Financials © 2023 Bank of Baroda. All Rights Reserved Page | 32

  33. Slide 33: Subsidiaries and JVs Performance

    Subsidiaries and JVs Performance Baroda BNP Paribas Asset IndiaFirst Life Insurance Co. Ltd. BOB Financial Solutions Limited Management India Pvt. Ltd. (Subsidiary Holding - 65%) (Subsidiary Holding – 100%) (Subsidiary Holding – 50.1%) ❑ Number of Cards (Card base) as of Jun 30,2023 ❑ Post Merger, p

  34. Slide 34: Subsidiaries and JVs Performance

    Subsidiaries and JVs Performance India Infradebt Limited Baroda Global Shared Services Limited BOB Capital Markets Limited (Joint Venture of 40.99%) (Subsidiary Holding – 100%) (Subsidiary Holding – 100%) ❑ India Infradebt Limited focused on ❑ BGSSL total income grew by 101.7% YoY in ❑ The gross rev

  35. Slide 35: Overseas Subsidiaries and JVs performance

    Overseas Subsidiaries and JVs performance Bank of Baroda (Uganda) Ltd. Bank of Baroda (Kenya) Ltd. Bank of Baroda (UK) Ltd. (Subsidiary Holding – 80%) (Subsidiary Holding – 86.7%) (Subsidiary Holding – 100%) ❑ Total Deposits of Bank of Baroda (Uganda) Ltd. ❑ Total Deposits of Bank of Baroda (Kenya)

  36. Slide 36: Balance Sheet and PL– Consolidated

    Balance Sheet and PL– Consolidated Particulars Particulars Jun’22 Mar ’23 Jun’23 Q1 FY23 Q1 FY24 YoY (%) (INR crore) (INR crore) CAPITAL & LIABILITIES Net Interest Income 9,553 11,942 25.0 Capital 1,036 1,036 1,036 Share Application Money Pending Non Interest Income 1,528 5,316 -- 0 0 0 Allotment To

  37. Slide 37: Disclaimer

    Disclaimer The information contained in this presentation is provided by Bank of Baroda (the “Bank”) to you solely for your information. This document is highly confidential and being given solely for your use and may not be retained by you and neither this presentation nor any part thereof may be (

  38. Slide 38: Thank You

    Thank You Try bob World Scan QR code to download © 2023 Bank of Baroda. All Rights Reserved Page | 38

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