Idfc First Bank Ltd. · NSE:IDFCFIRSTB
Idfc First Bank — Q1 FY23 Earnings Presentation
73 slides from Idfc First Bank's earnings presentation, July 2022
Slide 1: Investor Presentation – Q1 FY23
Investor Presentation – Q1 FY23
Slide 2: Table of Contents
1 Bank at a glance 2 Key Financial Highlights of Q1 FY23 3 Background of IDFC FIRST Bank 4 Our Vision 5 Products and Digital Innovation Table 6 Deposits and Borrowings of 7 Funded Assets Contents 8 Risk Management 9 Asset Quality 10 Profitability 11 Capital Adequacy 12 Board of Directors 13 Sharehol
Slide 3: Bank At a Glance (as on June 30, 2022)
1. Bank at a Glance Bank At a Glance (as on June 30, 2022) Funded Assets1 Customer CASA Ratio Core Operating Net Interest Deposits Profit Margin US$ 17,426 Mn US$ 13,021 Mn 50.04% Q1-FY23: US$ 125 Mn 5.89% (21% YoY) (-82 bps YoY) (64% YoY) (39 bps YoY) (21% YoY) Capital Adequacy Profit After Return
Slide 4: Salient Features of our Business Model
1. Bank at a Glance Salient Features of our Business Model • We maintain the highest levels of corporate governance at all times. Corporate • Our Board members are highly experienced and held senior positions in leading global corporations, government institutions or regulatory bodies. Governance •
Slide 5: Table of Contents
1 Bank at a glance 2 Key Financial Highlights of Q1 FY23 3 Background of IDFC FIRST Bank 4 Our Vision 5 Products and Digital Innovation Table 6 Deposits and Borrowings of 7 Funded Assets Contents 8 Risk Management 9 Asset Quality 10 Profitability 11 Capital Adequacy 12 Board of Directors 13 Sharehol
Slide 6: Key Financial Highlights of Q1 FY23
2. Key Financial Highlights of Q1 FY23 Key Financial Highlights of Q1 FY23 Area Key Parameters Q1 FY22 Q1 FY23 Growth (%/bps) Assets Total Funded Assets1 US$ 14,404 Mn US$ 17,426 Mn 21% Customer Deposits US$ 10,746 mn US$13,021 Mn 21% Deposits CASA Ratio (%) 50.86% 50.04% 82 bps Bank Level GNPA: 4.6
Slide 7: Strong growth in profitability; ROA touches ~1%
2. Key Financial Highlights of Q1 FY23 Strong growth in profitability; ROA touches ~1% Profit After Tax (US$ Mn) Return on Average Total Assets 38% 20 bps 0.97% 13 bps 22% 60 0.77% 27 bps 0.64% 85% 43 36 0.37% 19 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23 The strong profitabilit
Slide 8: Table of Contents
1 Bank at a glance 2 Key Financial Highlights of Q1 FY23 3 Background of IDFC FIRST Bank 4 Our Vision 5 Products and Digital Innovation Table 6 Deposits and Borrowings of 7 Funded Assets Contents 8 Risk Management 9 Asset Quality 10 Profitability 11 Capital Adequacy 12 Board of Directors 13 Sharehol
Slide 9: The IDFC Bank- Capital First Merger
3. Background of IDFC FIRST Bank The IDFC Bank- Capital First Merger • IDFC FIRST Bank was created by the merger of Erstwhile IDFC Bank and Erstwhile Capital First on December 18, 2018. • Erstwhile IDFC Bank started its operation as a Bank after demerger from IDFC Ltd, a premier infrastructure Finan
Slide 10: Background - Erstwhile IDFC Bank
3. Background of IDFC FIRST Bank Background - Erstwhile IDFC Bank About IDFC Bank In 2015, IDFC Bank was formed out of demerger from IDFC Ltd which was one of the biggest infrastructure finance company in India. The institution diversified into Asset Management, Institutional Broking and Investment
Slide 11: Background - Erstwhile Capital First
3. Background of IDFC FIRST Bank Background - Erstwhile Capital First (US$ Mn) Background Strong growth in AUM 5 Yr PAT CAGR of 56% Wholesale AUM Retail AUM Total AUM 4,129 41 3,417 Capital First was a successful NBFC, 30 2,509 26 growing its loan book and net profits at 2,031 14 21 1,516 a 5 year C
Slide 12: Table of Contents
1 Bank at a glance 2 Key Financial Highlights of Q1 FY23 3 Background of IDFC FIRST Bank 4 Our Vision 5 Products and Digital Innovation Table 6 Deposits and Borrowings of 7 Funded Assets Contents 8 Risk Management 9 Asset Quality 10 Profitability 11 Capital Adequacy 12 Board of Directors 13 Sharehol
Slide 13: Key Excerpts from MD & CEO’s letter to shareholders in AR 2020-21
4. Our Vision Key Excerpts from MD & CEO’s letter to shareholders in AR 2020-21 Our Vision: “To build a world class bank in India, guided by ethics, powered by technology and be a force for social good.” 12
Slide 14: Key Excerpts from MD & CEO’s letter to shareholders in AR 2021-22
4. Our Vision Key Excerpts from MD & CEO’s letter to shareholders in AR 2021-22 13
Slide 15: Table of Contents
1 Bank at a glance 2 Key Financial Highlights of Q1 FY23 3 Background of IDFC FIRST Bank 4 Our Vision 5 Products and Digital Innovation Table 6 Deposits and Borrowings of 7 Funded Assets Contents 8 Risk Management 9 Asset Quality 10 Profitability 11 Capital Adequacy 12 Board of Directors 13 Sharehol
Slide 16: Wide bouquet of fund based and non-fund based products
5. Product & Digital The Bank has a wide bouquet of fund based and non-fund based products Innovations across urban and rural consumer, MSMEs and Corporates For salaried & self-employed individuals, the Bank provides various For business professionals, the bank provides Comprehensive funded and prod
Slide 17: Wide range of Current and Savings Account Offerings
5. Product & Digital Innovations The Bank has a wide range of Current and Savings Account Offerings CURRENT ACCOUNTS: SAVINGS ACCOUNTS: The Bank has multiple current account offerings doorstep The Bank offers savings accounts with attractive interest rates and multiple features including health bank
Slide 18: Our Digital Initiatives
Our Digital Initiatives 5. Product & Digital Innovations Significant traction on electronic platforms RTGS & NEFT 94% Ranked 6th 1st Mover 8.5 mn+ payments through CMS Retail Digital Bharat Bill Payment in adoption of account FASTag issued since solutions up by 173% (vol.) and Transactions System (B
Slide 19: India’s FIRST FASTAG with Triple Benefits
5. Product & Digital Innovations India’s FIRST FASTAG with Triple Benefits – Toll, Fuel and Parking! 85,00,000 + 432 19,000 22 Number of FASTag issued Toll Plaza Merchants Fuel Merchants Parking Merchants 30% Market Share 39% Market Share Largest Fuel Acquirer Largest Parking Acquirer (Average Daily
Slide 20: Wealth Management: Easy to use Wealth Management Application
5. Product & Digital Innovations Wealth Management: Easy to use Wealth Management Application AUM of Wealth Management Business has grown 92% On-line Mutual Fund Investing 1 YoY to reach US$ 847 Mn as on June 30, 2022. 2 Consolidated Investment Dashboard 3 MF Holdings & Transaction Management 4 Inve
Slide 21: Table of Contents
1 Bank at a glance 2 Key Financial Highlights of Q1 FY23 3 Background of IDFC FIRST Bank 4 Our Vision 5 Products and Digital Innovation Table 6 Deposits and Borrowings of 7 Funded Assets Contents 8 Risk Management 9 Asset Quality 10 Profitability 11 Capital Adequacy 12 Board of Directors 13 Sharehol
Slide 22: Deposits: Strong growth in CASA Deposits
6. Deposits and Borrowings Deposits: Strong growth in CASA Deposits Proven Capability to grow in US$ Mn CASA Deposits 7,180 6,477 Q1 FY23 vs Q1 FY22 ↑22% 3Y CAGR: 86% 5,810 2,615 999 702 31 Mar 18 31 Mar 19 31 Mar 20 31 Mar 21 31 Mar 22 30 Jun 22 21
Slide 23: Deposits: CASA Ratio stable at ~ 50%
6. Deposits and Borrowings Deposits: CASA Ratio stable at ~ 50% The CASA ratio has been stable at ~ 50% for over a year now despite our reducing the interest rate in FY 21-22. CASA Ratio stable @ ~50% Bank is confident of maintaining the same going forward as we expand 51.75% the book from here on.
Slide 24: Deposits: Strong growth in Retail Deposits
6. Deposits and Borrowings Deposits: Strong growth in Retail Deposits ( Retail CASA + Retail Term Deposit) Retail Deposits (Retail CASA & Retail Term Deposits) have grown significantly In US$ Mn based on on high service levels, strong brand and excellent customer first products. Even during COVID-19
Slide 25: Deposits: Strong growth in Total Customer Deposits
6. Deposits and Borrowings Deposits: Strong growth in Total Customer Deposits in US$ Mn Total Customer Deposits (Retail Deposits + Wholesale 13,021 Deposits) has grown strongly by 3-year CAGR of 32% 11,799 10,472 Q1 FY23 vs Q1 FY22 ↑21% 3Y CAGR: 32% 7,306 4,061 3,446 31 Mar 18 31 Mar 19 31 Mar 20 31
Slide 26: Summary of Deposits & Borrowings
6. Deposits and Borrowings Summary of Deposits & Borrowings In US$ Mn Jun-21 Mar-22 Jun-22 YoY% Legacy Long Term Bonds 968 843 838 -13% Legacy Infrastructure Bonds 1,201 1,153 1,007 -16% Refinance 1,772 2,077 2,232 26% Tier II Bonds - 190 190 - Other borrowings 903 722 673 -25% Total Borrowings (A)
Slide 27: Legacy High Cost Borrowing continues to run down.
6. Deposits and Borrowings Legacy High Cost Borrowing continues to run down. Balance Maturity In US$ Mn Beyond RoI (%) As on Jun-21 As on Jun-22 FY23 FY24 FY25 FY26 FY26 Infrastructure Bonds 1,201 1,007 60 138 696 113 - 8.89% Long Term Legacy Bonds 968 838 - 210 165 463 - 9.04% Other Bonds 513 374 1
Slide 28: Table of Contents
1 Bank at a glance 2 Key Financial Highlights of Q1 FY23 3 Background of IDFC FIRST Bank 4 Our Vision 5 Products and Digital Innovation Table 6 Deposits and Borrowings of 7 Funded Assets Contents 8 Risk Management 9 Asset Quality 10 Profitability 11 Capital Adequacy 12 Board of Directors 13 Sharehol
Slide 29: Diversified Funded Assets
7. Funded Assets Diversified Funded Assets Composition of Funded Assets Infrastructure Finance , 5% Home Loan , 11% Corporate and others , 22% Loan Against Property , 14% Overall Funded Assets Commercial Finance, 8% (as on June 30, 2022) US$ 17,426 Mn Wheels , 8% Credit Card , 2% Digital, Gold Loan
Slide 30: Consistent growth in Retail and Commercial Finance
7. Funded Assets Consistent growth in Retail and Commercial Finance The bank has developed deep specialisation in providing retail and commercial financing for over a decade with low NPA levels of Gross and Net NPA of ~2% and 1% respectively. ( including the experience of both institutions put toget
Slide 31: Stable Corporate Banking Loan Book
7. Funded Assets Stable Corporate Banking Loan Book Corporate (Non-infrastructure) Loan Book (US$ Mn) 4,070 Stable Corporate Banking Book 3,423 2,997 3,034 2,839 2,848 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Jun-22 • The Bank has brought down the legacy infrastructure financing portfolio from US$ 2,875 M
Slide 32: Summary of Funded Assets
7. Funded Assets Summary of Funded Assets Gross Funded Assets (In US$ Mn)1 Jun-21 Mar-22 Jun-22 Growth YoY% Retail Book 8,177 10,422 11,472 40% - Home Loan 1,204 1,786 1,943 61% - Loan Against Property 2,053 2,296 2,358 15% - Wheels 1,163 1,228 1,438 24% - Consumer Loans 1,752 2,197 2,491 42% - Rura
Slide 33: Table of Contents
1 Bank at a glance 2 Key Financial Highlights of Q1 FY23 3 Background of IDFC FIRST Bank 4 Our Vision 5 Products and Digital Innovation Table 6 Deposits and Borrowings of 7 Funded Assets Contents 8 Risk Management 9 Asset Quality 10 Profitability 11 Capital Adequacy 12 Board of Directors 13 Sharehol
Slide 34: Risk Management in Retail & Commercial Finance
8. Risk Management In Retail Risk Management in Retail & Commercial Finance Asset quality in retail and commercial finance lending is driven by 3 factors: - Sourcing & Underwriting Quality (trends described in 8a) - Cheque bounce on presentation (trends described in 8b) - Collection Efficiency (tren
Slide 35: 8a. Improved quality of sourcing
8. Risk Management In Retail 8a. Improved quality of sourcing 90% of customers are credit tested before we onboard them, as Of the 90% customers who are credit tested, 84% have credit bureau compared to 83% in 2019, indicating migration to safer credit profiles. score of > 700, compared to 61% in 20
Slide 36: 8b. Reduced Cheque Bounce on Presentation
8. Risk Management In Retail 8b. Reduced Cheque Bounce on Presentation The number of cheques returned on presentation after 1st month after booking is a direct indicator of asset quality. Such bounces on presentation have reduced by over 30% as compared to Dec-19 (Pre – COVID) Thus, the requirement
Slide 37: 8c. Increased Collection Efficiency Trend
8. Risk Management In Retail 8c. Increased Collection Efficiency Trend Post return of cheques, the collection team contacts customers. Here the indicator of success is collection efficiency. The collection efficiency in early-stage bucket (urban retail) has increased from 98.9% pre COVID to 99.4%, a
Slide 38: Risk Management in Wholesale Banking
8. Risk Management In Wholesale Risk Management in Wholesale Banking The Bank has reduced its exposure to corporate sector from Similarly, the Bank has reduced its exposure to infrastructure sector from 29% in Mar-19 to 17% in Jun-22 19% in Mar-19 to 5% in Jun-22 19% 29% 14% 23% 19% 18% 17% 9% 5% 5%
Slide 39: Table of Contents
1 Bank at a glance 2 Key Financial Highlights of Q1 FY23 3 Background of IDFC FIRST Bank 4 Our Vision 5 Products and Digital Innovation Table 6 Deposits and Borrowings of 7 Funded Assets Contents 8 Risk Management 9 Asset Quality 10 Profitability 11 Capital Adequacy 12 Board of Directors 13 Sharehol
Slide 40: Asset Quality Composition
9. Asset Quality Asset Quality Composition Advances (US$ Mn) Retail & Commercial Book Corporate Book Infrastructure Book Total Loans & Advances 823 @ 16,398 The significant part of the book, i.e. the 2,751 GNPA: 21.74% Retail and Small business financing has @ NNPA: 11.82% GNPA: 3.36% low NPA levels
Slide 41: Retail & Commercial Finance – Asset Quality continues to improve
9. Asset Quality Retail Retail & Commercial Finance – Asset Quality continues to improve Retail & Commercial Finance • Our portfolio tracking GNPA NNPA indicators (sourcing quality, 4.01% bounces and collection %) 3.86% 3.45% indicate that our GNPA and 2.92% NNPA is expected to remain 2.63% 2.26% 2.
Slide 42: Corporate Book (Non-Infrastructure) - Asset Quality Trend
9. Asset Quality Wholesale Corporate Book (Non-Infrastructure) - Asset Quality Trend We follow prudent underwriting, reduction of concentration risk, proper industry and customer selection processes for corporate credit. Corporate Book (Non-Infrastructure) 3.98% 3.67% 3.08% Excluding one retail chai
Slide 43: Bank level Asset quality continues to improve
9. Asset Quality Bank Bank level Asset quality continues to improve Bank Level 4.61% 4.15% 4.27% 3.96% Excluding the NPA in the 3.70% 3.36% infrastructure financing book 2.83% 2.32% which will run down in due 1.86% 2.09% 2.39% 1.74% course, the Gross and Net 1.53% 1.23% 1.30% NPA of the Bank would h
Slide 44: Table of Contents
1 Bank at a glance 2 Key Financial Highlights of Q1 FY23 3 Background of IDFC FIRST Bank 4 Our Vision 5 Products and Digital Innovation Table 6 Deposits and Borrowings of 7 Funded Assets Contents 8 Risk Management 9 Asset Quality 10 Profitability 11 Capital Adequacy 12 Board of Directors 13 Sharehol
Slide 45: Strong rise in Net Interest Income
10. Profitability Strong rise in Net Interest Income Net Interest Income (In US$ Mn) FY22 - 3-Year CAGR 26% 1,229 32% Q1 FY23 vs Q1 FY22 26% NII has grown at a 3-Year CAGR of 21% 934 26%. We expect to sustain similar 769 growth in the foreseeable future. 25% We expect to maintain NIM% at 613 around
Slide 46: Strong growth in Fee & Other Income
10. Profitability Strong growth in Fee & Other Income Fee and Other Income (In US$ Mn) Fee Income Break up for Q1-FY23 Others, 5% Loan Origination fees, 32% FY22 – 3-Year CAGR 32% General Banking Fees, 66% 24% 341 Q1 FY23 vs Q1 FY22 100% Wealth Management & 3rd Party 7% Distribution, 11% Credit Card
Slide 47: Strong increase in Core Operating Profit
10. Profitability Strong increase in Core Operating Profit Core Operating Profit (In US$ Mn) 36% 44% 348 FY22 – 3-Year CAGR • The core operating profit has grown Q1 FY23 vs Q1 FY22 64% at a 3 year CAGR of 36% against the 8% overall 3 year loan book growth of 242 6%. 223 60% • Such strong outperforma
Slide 48: Quarterly Income Statement
10. Profitability Quarterly Income Statement Growth (%) In US$ Mn Q1 FY22 Q4 FY22 Q1 FY23 YoY Interest Income 518 576 623 20% Interest Expense 241 239 275 14% Net Interest Income 277 338 348 26% Fee & Other Income 57 106 114 100% Trading Gain1 50 (1) (6) -111% Operating Income 383 443 457 19% Operat
Slide 49: Balance Sheet
10. Profitability Balance Sheet Growth (%) In US$ Mn Jun-21 Mar-22 Jun-22 (YoY) Shareholders' Funds 2,553 2,659 2,720 7% Deposits 11,558 13,371 14,348 24% - CASA Deposits 5,878 6,477 7,180 22% - Term Deposits 5,680 6,894 7,168 26% Borrowings 6,130 6,704 7,049 15% Other liabilities and provisions 1,1
Slide 50: Table of Contents
1 Bank at a glance 2 Key Financial Highlights of Q1 FY23 3 Background of IDFC FIRST Bank 4 Our Vision 5 Products and Digital Innovation Table 6 Deposits and Borrowings of 7 Funded Assets Contents 8 Risk Management 9 Asset Quality 10 Profitability 11 Capital Adequacy 12 Board of Directors 13 Sharehol
Slide 51: Capital Adequacy Ratio is strong at 15.77% as on June 30, 2022
11. Capital Adequacy Capital Adequacy Ratio is strong at 15.77% as on June 30, 2022 In US$ Mn Jun-21 Mar-22 Jun-22 Common Equity 2,463 2,557 2,636 Tier 2 Capital Funds 116 320 331 Total Capital Funds 2,579 2,876 2,967 Total Risk Weighted Assets 16,575 17,181 18,810 CET 1 Ratio (%) 14.86% 14.88% 14.0
Slide 52: Table of Contents
1 Bank at a glance 2 Key Financial Highlights of Q1 FY23 3 Background of IDFC FIRST Bank 4 Our Vision 5 Products and Digital Innovation Table 6 Deposits and Borrowings of 7 Funded Assets Contents 8 Risk Management 9 Asset Quality 10 Profitability 11 Capital Adequacy 12 Board of Directors 13 Sharehol
Slide 53: Board of Directors: MD & CEO Profile
12. Board of Directors Board of Directors: MD & CEO Profile Vaidyanathan aspires to create “a world-class bank Indian Bank which offers high-quality affordable and ethical banking for India”. He left a Board level position at ICICI group in 2010 and bought shares of a small listed, loss making, real
Slide 54: Board of Directors
12. Board of Directors Board of Directors MR. SANJEEB CHAUDHURI – PART-TIME NON-EXECUTIVE CHAIRPERSON (INDEPENDENT DIRECTOR) Mr. Sanjeeb Chaudhuri is a Board member and Advisor to global organizations across Europe, the US and Asia. He has most recently been Regional Business Head for India and Sout
Slide 55: Board of Directors
12. Board of Directors Board of Directors MR. HEMANG RAJA - INDEPENDENT DIRECTOR Mr. Hemang Raja, is an MBA from Abeline Christian University, Texas, with a major in finance. He has also done an Advance Management Program (AMP) from Oxford University, UK. He has vast experience in the areas of Priva
Slide 56: Board of Directors
12. Board of Directors Board of Directors MR. AJAY SONDHI - NON-EXECUTIVE NON INDEPENDENT DIRECTOR Mr. Ajay Sondhi, is a 2017 Fellow, Harvard Advanced Leadership Initiative, MBA - Finance from JBIMS, Mumbai University, and B.A. in Economics (Honors) from St. Stephens College, Delhi University. He is
Slide 57: Table of Contents
1 Bank at a glance 2 Key Financial Highlights of Q1 FY23 3 Background of IDFC FIRST Bank 4 Our Vision 5 Products and Digital Innovation Table 6 Deposits and Borrowings of 7 Funded Assets Contents 8 Risk Management 9 Asset Quality 10 Profitability 11 Capital Adequacy 12 Board of Directors 13 Sharehol
Slide 58: Shareholding Pattern as of June 30, 2022
13. Shareholding Pattern Shareholding Pattern as of June 30, 2022 Scrip Name : IDFC FIRST Bank (BSE: 539437, NSE:IDFCFIRSTB) Other Body Trusts and Clearing Corporate, 1.2% Members, 0.1% President of India, 4.2% Total # of shares as of June 30, 2022 6219.1 Mn Public (Incl. NRIs), 29.2% Promoters, 36.
Slide 59: Table of Contents
1 Bank at a glance 2 Key Financial Highlights of Q1 FY23 3 Background of IDFC FIRST Bank 4 Our Vision 5 Products and Digital Innovation Table 6 Deposits and Borrowings of 7 Funded Assets Contents 8 Risk Management 9 Asset Quality 10 Profitability 11 Capital Adequacy 12 Board of Directors 13 Sharehol
Slide 60: FIRST Compass at IDFC FIRST Bank 2022 Highlights
FIRST Compass at IDFC FIRST Bank 14. FIRST Compass (ESG) 2022 Highlights I II III Integrating ESG within our Governance ESG Journey ESG Framework @ IDFC FIRST structure Supporter of Task Force on ✓ ESG Steering Committee Climate-Related Financial Committed to scaling up Disclosures ESG/ sustainabili
Slide 61: FIRST Compass at IDFC FIRST Bank 2022 Highlights
FIRST Compass at IDFC FIRST Bank 14. FIRST Compass (ESG) 2022 Highlights Social Environmental Governance ✓ Financial Inclusion - Serving + 6 million customers across ✓ Green buildings & LEED building - IGBC ✓ Strong Board Structure: 70,000 villages/towns across the country and 75% of certification &
Slide 62: Table of Contents
1 Bank at a glance 2 Key Financial Highlights of Q1 FY23 3 Background of IDFC FIRST Bank 4 Our Vision 5 Products and Digital Innovation Table 6 Deposits and Borrowings of 7 Funded Assets Contents 8 Risk Management 9 Asset Quality 10 Profitability 11 Capital Adequacy 12 Board of Directors 13 Sharehol
Slide 63: Awards and Recognition
15. Awards & Recognition Awards and Recognition Breaking Ground in WASH Financing Best Payments & Collections Solution Award 2021 - Asset Asian Awards Best Innovative Payment Solution - Phi Commerce Best Consumer Digital Bank in India – 2021 - Global Finance Magazine Best Wealth management provider
Slide 64: IDFC FIRST Bank
IDFC FIRST Bank We are building a world class bank with: - Highest levels of corporate governance - Stable balance sheet growth of ~20-25%, - Robust asset quality of GNPA less than 2% and net NPA of < 1% - High teens ROE - Contemporary technology and - High levels of Customer Centricity. 63
Slide 65: Disclaimer
Disclaimer This presentation has been prepared by and is the sole responsibility of IDFC FIRST Bank (together with its subsidiaries, referred to as the “Company”). By accessing this presentation, you are agreeing to be bound by the trailing restrictions. This presentation does not constitute or form
Slide 66: THANK YOU
THANK YOU IDFC FIRST Bank
Slide 67: Performing well on the guidances given at the time of the merger (Liabilities)
We are happy to say that the Bank is performing well on the guidances given at Annexure 1 the time of the merger. Dec-18 Jun-22 Particulars Guidance for FY24-FY25 (At Merger) Latest quarter C Net-worth (Share Capital and Reserves & Surplus) US$ 2,326 Mn -- US$ 2,720 Mn A P I CET – 1 Ratio 16.14% >12
Slide 68: Performing well on the guidances given at the time of the merger (Assets and Earnings)
We are happy to say that the Bank is performing well on the guidances given at Annexure 1 the time of the merger. Dec-18 Jun-22 Particulars Guidance for FY24-FY25 (At merger) Latest quarter Retail and Commercial Finance (Net of IBPC) US$ 4,674 Mn US$ 12,650 Mn (Rs. 1,00,000 Cr) US$ 12,824 Mn (37%) R
Slide 69: Annexure 2
Annexure 2 Since the business model of Capital First is an important part of the business being built in the merged bank, the brief history and the progress of Capital First is being provided for ready reference to investors. 68
Slide 70: Successful Trajectory of Growth and Profits at Capital First
Successful Trajectory of Growth and Profits at Capital First This page is an extract from Capital First investor Presentation of September 2018, which is the last quarter prior to merger. Presented Annexure 2 here to demonstrate the capability of the core loan book and the track record of growth and
Slide 71: Capital First: the Return on Equity continuously improved over the quarters
Capital First: the Return on Equity continuously improved over the quarters… Annexure 2 This page is an extract from Capital First investor Presentation of September 2018, which is the last quarter prior to merger. Presented here to demonstrate the capability of the core loan book and the track reco
Slide 72: Successful Trajectory of Growth and Profits at Capital First
Successful Trajectory of Growth and Profits at Capital First This page is an extract from Capital First investor Presentation of September 2018, which is the last quarter prior to merger. Presented Annexure 2 here to demonstrate the capability of the core loan book and the track record of growth and
Slide 73: Successful Trajectory of Growth and Profits at Capital First
Successful Trajectory of Growth and Profits at Capital First This page is an extract from Capital First investor Presentation of September 2018, which is the last quarter prior to merger. Presented Annexure 2 here to demonstrate the capability of the core loan book and the track record of growth and