Slide 1: Cover letter to stock exchanges
SEC/139/2023 April 28, 2023 BSE Limited, National Stock Exchange of India Ltd., Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th floor, Dalal Street, Bandra-Kurla Complex, Mumbai 400001. Bandra (E), Mumbai 400051. Scrip code: 542867 Symbol: CSBBANK Dear Sir/Madam, Press Release and Presentation to Ins
Slide 2: Press Release: Financial Results for Quarter & Year ended March 31, 2023
PRESS RELEASE CSB Bank Limited Financial Results for the Quarter & Year ended March 31, 2023 The Board of Directors of CSB Bank took on record the audited financial results for the 4th quarter (Q4 FY 2023) and year ended 31.03.2023, in their meeting dated 28.04.2023. Highlights a) Profit After-tax:
Slide 3: Performance Highlights and CEO Speak
i) Total Deposits grew by 21 % YoY. Correspondingly, CASA book grew by 16% from Rs 6795 Crs to Rs 7886 Crs YoY. The CASA ratio stood at 32.18% as on 31.03.2023 as against 31.44% as on 31.12.2022. j) Advances (Net) grew by 31% YoY to Rs 20651 Crs as on 31.03.2023 supported mainly by a gold loan portf
Slide 4: SBS 2030 strategy commentary
The good part of the first year SBS journey is that we could sustain our core strengths and start the build phase. All the retail verticals planned for the FY are in place and have started contributing. FY 24 will be the most crucial year in the build phase where we plan for major infra investments-
Slide 5: Q4-FY23 March 2023
INVESTOR PRESENTATION
Slide 6: Company Overview
Company Business Digital Earnings Strategy Overview Overview Penetration Total provisions down by Rs 167Cr (53%) YoY 703 Branches and Presence in 16 (12M Period) 7 Bancassurance Tie ups 528 ATM/CRMs States and 4 UTs with Industry Leaders 100 Years+ Happy Customers Business A Century Young 2.1 Millio
Slide 7: Key Performance Snapshot
Company Business Digital Earnings Strategy Overview Overview Penetration ↑ 29% QoQ ↑ 5% YoY ↑8% QoQ ↑ 15% YoY ↑8% QoQ ↑ 15% YoY ↑8% QoQ ↑ 15% YoY PAT NII RoA NIM EPS Profitability Rs 547 Cr Rs. 1334 Cr 2.06% 5.48% Rs 31.55 ↑ ↑ 29% 20% QoQ QoQ ↑ ↑ 5% 19%YoY YoY ↑8% ↑15%QoQ QoQ↑↑ 15% YoY 16% YoY ↑8% Q
Slide 8: Profitability: Operating Profit and Net Profit
Company Business Digital Earnings Strategy Overview Overview Penetration Profitability Amt in Cr Operating Profit QoQ Net Profit QoQ 193 202 202 156 156 156 155 157 131 121 142 115 Q4 FY22 Q1 FY23 Q2 FY23 Q3 FY23 Q4 Q4FY23 FY23 Q4 FY22 Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 Q4 FY23 Operating Profit YoY Net
Slide 9: NPA Provision
Company Business Digital Earnings Strategy Overview Overview Penetration Prudential Provisioning Policy Asset Classification RBI Norms Our Norms Secured 15% 25% Sub Standard Assets Prudential Provisions Amount (in Cr) Unsecured 25% 50% NPA Provision 65 Doubtful Assets Secured 25% 50% (Up to one year
Slide 10: Branch Distribution, CASA, Gold Loans
Company Business Digital Earnings Strategy Overview Overview Penetration Branch Distribution CASA Gold Loans % distribution 1% 3% 11% 6% 15% 8% 7% State Mar-22 Mar-23 KERALA 44% 38% 5% TAMIL NADU 19% 17% MAHARASHTRA 10% 9% 16% Q4 Q4 ANDHRA 9% 11% FY FY 1(1) 10(3) 2(1) KARNATAKA 7% 6% 23 23 OTHERS 11
Slide 11: Share Holding Pattern
Company Business Digital Earnings Strategy Overview Overview Penetration Share Holding Pattern % of Share Holding No of No of Shares Category % of Holding Shareholders Held(in Mio) FIHM - promoter & FIHM - promoter & Promoter Group 1 86.26 49.72% 30.06% Promoter Group SBI Mutual Fund 1 12.16 7.01% S
Slide 12: Solid CRAR & Adequate Liquidity
Company Business Digital Earnings Strategy Overview Overview Penetration Solid CRAR & Adequate Liquidity – Our Strength Amt in Cr Capital Adequacy Ratio RWA to Total Assets 27.10% 25.90% 25.78% 25.46% 25.14% 40.52% 40.74% 40.12% 25.87% 39.31% 24.35% 23.97% 23.63% 24.27% 38.47% Q4 FY22 Q1 FY23 Q2 FY2
Slide 13: Total Deposits, CASA Ratio, Gross Advances
Company Business Digital Earnings Strategy Overview Overview Penetration Total Deposits (Amt in Cr) CASA Ratio Total Gross Advances (Amt in Cr) 28% 21% 24506 35.14% 34.27% 33.66% 22664 32.18% 20987 31.44% 20188 20267 Q4 FY22 Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 16620 15538 21489 13393 13145 13794 19342 1
Slide 14: Cost of Deposits and Yield on Advances
Company Business Digital Earnings Strategy Overview Overview Penetration Cost of Deposits (QoQ) Cost of Deposits (YoY) 5.93% 6.80% 6.90% 6.23% 5.34% 5.39% 5.29% 5.24% 4.85% 5.07% 5.18% Term Deposits 5.88% 5.91% 5.07% 4.30% 4.31% 4.38% 4.21% Total Deposits 4.18% 4.10% 3.93% 3.89% Savings Accounts 2.6
Slide 15: Advance Mix
Company Business Digital Earnings Strategy Overview Overview Penetration Advance Mix (Amt in Cr) Q4 FY 22 Q4 FY 23 6570 Gold Loans 9701 48% 15% 5444 Corporate Loans 6332 16% 12% 39% 14% 14% 45% 2279 Retail Loans 2966 30% 29% 32% 2449 SME Loans 2491 2% 64% of Assignments loans are gold DA, Retail Loa
Slide 16: Gold Loan – Our DNA
Company Business Digital Earnings Strategy Overview Overview Penetration Gold Loan – Our DNA (Amt in Cr) Portfolio Movements Portfolio Quality Tonnage 24.41 30% 48% YoY 10% QoQ 18.72 Yield LTV 9701 8780 8036 6570 7107 11.44% 73% 6131 Q4 FY22 Q4 FY23 5627 5826 5460 No of Accounts (in Lakhs) 7.02 30%
Slide 17: Investments
Company Business Digital Earnings Strategy Overview Overview Penetration Investments (Amt in Cr) 7142 7231 995 782 5877 5638 5993 627 566 656 6147 6449 5337 5251 5072 HTM 78.46% Q4 FY22 Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 SLR Investments Non-SLR Investments AFS 21.54% Yield on Investments QoQ YoY 6.81%
Slide 18: Sector Wise Exposure
Company Business Digital Earnings Strategy Overview Overview Penetration Sector Wise Exposure Industries % to Gross advances Sector Wise Exposure Textiles 3.15% Food Processing 1.80% Infrastructure 1.38% 16% Construction 1.01% Services % to Gross advances 30% Basic Metal and Metal Products 0.73% NBF
Slide 19: Rating wise Exposure
Company Business Digital Earnings Strategy Overview Overview Penetration Rating wise Exposure External Rating of Corporate Accounts (>Rs 25Cr) Internal Rating of SME accounts 5% 5% 0% 3% 9% 9% 2% 8%0% 4% 95% of Corporate advances 31% 92% of SME advances are 10% 15% are externally rated of 31% rated
Slide 20: Profit & Loss Account - Q4 FY
Company Business Digital Earnings Strategy Overview Overview Penetration Profit & Loss Account - Q4 FY 23 Amt in Cr Q3 FY23 Q4 FY23 QoQ Q4 FY22 YoY Q3 FY23 Q4 FY23 QoQ Q4 FY22 YoY Interest Income 592.0 636.5 8% 519.6 22% Operating Profit 193.4 201.8 4% 142.1 42% Interest Expense 242.3 288.0 19% 215.
Slide 21: Profit & Loss Account - FY
Company Business Digital Earnings Strategy Overview Overview Penetration Profit & Loss Account - FY 23 Amt in Cr FY22 FY23 YoY YoY% FY22 FY23 YoY YoY% Interest Income 2,038.3 2,319.7 281.4 14% Operating Profit 613.6 707.5 93.9 15% Interest Expense 885.0 985.8 100.8 11% Provision for NPA -9.8 -42.9 -
Slide 22: Balance Sheet – FY
Company Business Digital Earnings Strategy Overview Overview Penetration Balance Sheet – FY 23 Amt in Cr 31-03-2022 31-03-2023 YoY (%) 31-12-2022 QoQ (%) Liabilities Capital 173.5 173.5 0% 173.5 0% Reserves & Surplus 2,477.9 3,030.1 22% 2,872.8 5% Deposits 20,188.3 24,505.8 21% 22,664.0 8% Of Which
Slide 23: Asset Quality
Company Business Digital Earnings Strategy Overview Overview Penetration Asset Quality Amt in Cr QoQ movement YoY movement Gross NPA: Movement Q4 FY22 Q1 FY22 Q2 FY23 Q3 FY23 Q4 FY23 FY22 FY23 (3 months) (3 months) (3 months) (3 months) (3 months) (12 months) (12 months) Opening Balance of Gross NPA
Slide 24: Profitability Ratios: NII, NIM, Non-Interest Income
Company Business Digital Earnings Strategy Overview Overview Penetration Profitability Ratios Net Interest Income (in Cr) NIM Non interest Income to Total Income QoQ 350 349 QoQ 5.80% QoQ 5.60% 16.56% 325 5.42% 5.38% 13.18% 10.91% 9.28% 311 5.17% 7.49% 304 Q4 FY22 Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 Q4
Slide 25: Profitability Ratios: Opex, Credit Cost, RoA
Company Business Digital Earnings Strategy Overview Overview Penetration Profitability Ratios Opex to Average assets Credit Cost RoA QoQ QoQ QoQ 3.80% 3.84% 2.13% 2.37% 2.23% 3.63% 1.88% Q4 FY22 Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 1.75% 3.32% -0.03% 3.21% -0.21% -0.35% -0.37% Q4 FY22 Q1 FY23 Q2 FY23 Q3
Slide 26: Asset Quality Ratios
Company Business Digital Earnings Strategy Overview Overview Penetration Asset Quality Ratios Amt in Cr QoQ QoQ 1.81% 1.79% 0.68% 0.60% 0.57% 1.65% 0.42% 1.45% 0.35% 1.26% 107 290 293 291 97 99 78 72 271 263 Q4 FY22 Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 Q4 FY22 Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 2.27% 1.91%
Slide 27: Provision Coverage, Slippage, Recovery Rate
Company Business Digital Earnings Strategy Overview Overview Penetration Profitability Ratios Provision Coverage Ratio Slippage Ratio Recovery Rate QoQ QoQ QoQ 91.93% 92.11% 90.51% 90.10% 89.65% 72.65% 1.05% 71.37% 0.94% 1.04% 34.45% 66.98% 66.03% 0.60% 0.76% 63.05% 14.28% 14.67% 11.03% 11.20% Q4 FY
Slide 28: Share Holders Return & Risk Ratios: EPS
Company Business Digital Earnings Strategy Overview Overview Penetration Share Holders Return & Risk Ratios EPS (in Rs) Net NPA to Networth QoQ QoQ 35.96 32.56 30.13 27.80 4.43% 26.80 3.48% 3.72% 2.76% 2.42% Q4 FY22 Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 Q4 FY22 Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 YoY YoY 31.5
Slide 29: Share Holders Return & Risk Ratios: RoE, BVPS
Company Business Digital Earnings Strategy Overview Overview Penetration Share Holders Return & Risk Ratios RoE Book Value per Share (in Rs) QoQ QoQ 22.21% 22.64% 21.96% 176 18.57% 18.44% 158 167 144 151 Q4 FY22 Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 Q4 FY22 Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 YoY YoY 144 176
Slide 30: Efficiency Ratios: Business and Profit per Employee
Company Business Digital Earnings Strategy Overview Overview Penetration Efficiency Ratios Business per Employee (In Cr) Profit per Employee (in Lakhs) QoQ QoQ 7.92 7.82 11.13 7.38 9.59 9.04 9.81 9.15 6.60 6.73 Q4 FY22 Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 Q4 FY22 Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 YoY YoY 8
Slide 31: Efficiency Ratios: Staff Cost, Cost to Income
Company Business Digital Earnings Strategy Overview Overview Penetration Efficiency Ratios Staff Cost to Total Income Cost to Income Ratio QoQ QoQ 61.34% 24.57% 57.67% 57.46% 57.48% 20.69% 21.50% 22.24% 20.40% 56.00% Q4 FY22 Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 Q4 FY22 Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 YoY
Slide 32: Digital Touch Points
Company Business Digital Earnings Strategy Overview Overview Penetration Digital Touch Points 4.60 lacs+ Net 528 ATM 1,352 Installations 7.10 lacs + Debit Cards Banking users Network 6,170+ QR 92,927+ ePassbook 78,660+Prepaid 1.38 lac+ UPI Installations Downloads Cards Downloads 4.47 lacs+ Mobile Ba
Slide 33: Channel Transactions
Company Business Digital Earnings Strategy Overview Overview Penetration Channel Transactions 750.69 Digital vs Branch No. of txns 889.78 FY22 FY23 (In lakh) (In lakh) Mobile Banking 13.66 18.29 418.53 538.22 Internet Banking 16.54 16.61 Debit Cards 89.50 104.19 UPI 418.53 750.69 104.19 103.52 Branc
Slide 34: SBS 2030
Company Business Digital Earnings Strategy Overview Overview Penetration SBS 2030 CSB Bank Investor Presentation Q4 FY23
Slide 35: Thank You
Thank You… CSB Bank Investor Presentation Q1 FY23
Slide 36: Disclaimer
Disclaimer This presentation has been prepared by CSB Bank Limited (the “Bank”) solely for information purposes, without regard to any specific objectives, financial situations or informational needs of any particular person. All information contained has been prepared solely by the Bank. No informa