Bank Of Baroda · NSE:BANKBARODA
Bank Of Baroda — Q1 FY2021 Earnings Presentation
36 slides from Bank Of Baroda's earnings presentation, Aug 10, 2020
Slide 1: Performance Analysis Q1FY2021
Performance PerformanceAnalysis Analysis Q3 Q1FY FY2020 2021 Jan 24, 2020
Slide 2: Major Highlights
Major Highlights © 2020 Bank of Baroda. All Rights Reserved Page | 2
Slide 3: Major Highlights – Q1FY21
Major Highlights – Q1FY21 Business Details (Rs crore) Growth drivers Jun 30, 2019 Jun 30, 2020 YOY Domestic CASA Ratio up by YoY change in Advances Total Deposits 8,95,542 9,34,461 4.3% 294 bps CASA Deposits* 2,87,196 3,21,229 11.9% 39.49% 8.61% Retail term deposits* 3,48,370 3,84,608 10.4% 38.84% 3
Slide 4: Financial Performance
Financial Performance © 2020 Bank of Baroda. All Rights Reserved Page | 4
Slide 5: Key Ratios
Key Ratios Cost of Deposits NIM Domestic 2.95% Domestic Global International 2.73% 2.88% 2.76% 2.63% 5.48% 5.41% 5.25% 5.20% 4.95% 5.10% 5.02% 4.86% 4.76% 4.48% Jun'19 Sep'19 Dec'19 Mar'20 Jun'20 International 2.22% 2.19% 1.51% 1.96% 1.77% 1.45% 1.43% 1.35% 1.26% 1.21% Jun'19 Sep'19 Dec'19 Mar'20 Ju
Slide 6: Operating Performance
Operating Performance Particulars Q1 FY 20 Q4 FY 20 Q1 FY 21 YOY (%) (INR crore) Interest on advances 13,350 13,292 13,079 -2.03 Interest on investments 4,646 4,464 4,515 -2.82 Other Interest income 948 943 900 -5.06 Total Interest Income 18,944 18,698 18,494 -2.38 Interest on Deposits 11,195 10,627
Slide 7: Non-Interest Income
Non-Interest Income Particulars Q1 FY 20 Q4 FY 20 Q1 FY 21 YOY (%) (INR crore) Commission, Exchange, Brokerage 584 716 493 -15.58 Incidental Charges 188 310 176 -6.38 Other Miscellaneous Income 297 367 199 -33.00 Forex Income 262 286 309 17.94 Total Fee Income 1,331 1,679 1,177 -11.57 Dividend Incom
Slide 8: Operating Expenses
Operating Expenses Particulars (INR crore) Q1 FY 20 Q4 FY 20 Q1 FY 21 YOY (%) Employee Cost 1,939 1,954 2,242 15.63 of which: Salaries 1,702 1,837 1,805 6.05 Provisions for employees 237 117 437 84.39 Other Operating Expenses 2,198 2,558 2,072 -5.73 of which : 335 410 314 -10.15 Rent, Taxes and Ligh
Slide 9: Profit Position
Profit Position Particulars Q1 FY 20 Q4 FY 20 Q1 FY 21 YOY (%) (INR crore) Operating Profit 4,276 5,121 4,320 1.03 Total Provisions 3,285 6,844 5,628 71.32 of which 3,168 3,191 3,458 9.15 Provision for NPA & Bad Debts Written-off Provision for Standard Advances -109 2,684 1,811 Provision for Depreci
Slide 10: Business Performance
Business Performance © 2020 Bank of Baroda. All Rights Reserved Page | 10
Slide 11: Deposits
Deposits Particulars % share in Domestic Deposits in Jun’ 20 Jun’19 Mar’20 Jun’20 YOY (%) (INR crore) Savings Domestic CASA Deposits 2,87,196 3,15,951 3,21,229 11.85 Deposits 34% Domestic 2,42,528 2,66,301 2,73,604 12.81 Saving Deposits Term Domestic deposits Current 44,668 49,650 47,625 6.62 60% Cu
Slide 12: Advances
Advances Particulars Jun’19 Mar’20 Jun’20 YOY (%) % share in Gross Domestic Credit in Jun’ 20 (INR crore) Others (incl LABOD & Staff Retail* 92,617 1,05,165 1,07,084 13.51 loans) Agriculture 3.8% Home Loans* 65,142 71,301 72,428 10.06 14.4% Corporate Auto Loans 12,415 16,490 16,772 25.98 47.6% Educa
Slide 13: Risk profile- Post Amalgamation
Risk profile- Post Amalgamation As on 01.04.2019 As on 31.03.2020 As on 30.06.2020 6% 1% 1% 17% 16% 17% 10% 11% 8% 69% 71% 74% Above 725 701-725 Up to 700 -1 Above 725 701-725 Up to 700 -1 Above 725 701-725 Up to 700 -1 *Based on Amt. *CIBIL scores (V1) as on 01.04.2019 have been converted into corr
Slide 14: Improving Rating Profile
Improving Rating Profile 57% 62% 66% 78% 15% 13% 11% 17% 13% 8% 11% 5% 11% 11% 11% 9% Jun'19 Mar'20 Jun'20 Incremental Jun-19-Jun 20 A & Above BBB Below BBB Unrated *External Rating Distribution of Domestic Advances above INR 5 Crore © 2020 Bank of Baroda. All Rights Reserved Page | 14
Slide 15: Industry-wise Exposure
Industry-wise Exposure Jun ’19 Mar ’20 Jun ’20 Particulars (INR crore) Outstanding %share Outstanding %share Outstanding %share Infrastructure of which 81,474 14.25% 67,724 11.08% 63,490 10.32% 1. Power 39,618 6.93% 33,757 5.52% 32,176 5.23% 2. Telecom 11,455 2.00% 11,588 1.90% 11,743 1.91% 3. Roads
Slide 16: Segment wise breakup and Ratings of NBFC Standard exposure
Segment wise breakup and Ratings of NBFC Standard exposure Rating Profile of Standard NBFCs Exposure NBFC standard exposure at Rs 1,08,191 crore Particulars Mar’20 Jun’20 Exposure Exposure % 27.34% % Share (INR cr) (INR cr) Share 34.08% Pvt others AAA 62,795 56.63% 62,933 58.17% Backed by Large Priv
Slide 17: Treasury operations
Treasury operations Particulars • Domestic investment book comprises of 56.71% in HTM; Jun ’19 Mar ’20 Jun ’20 (INR crore) 43.13% in AFS and 0.16% in HFT. Domestic Investments 2,45,687 2,65,016 2,62,307 • The percentage of SLR Securities to NDTL at June 30, 2020 was at 24.46%. of which 2,08,512 2,21
Slide 18: Financial Inclusion
Financial Inclusion Total Financial Inclusion Accounts Balance /Avg Balance in FI accounts (in Lakh) 546 18731 19948 Zero Balance Accounts (%) 15099 512 8.8% 7.9% 482 3133 3658 3653 5.3% Jun '19 Mar '20 Jun '20 Jun '19 Mar' 20 Jun'20 Jun'19 Mar'20 Jun'20 Balance in Financial Inclusion Accounts (in I
Slide 19: Asset Quality
Asset Quality © 2020 Bank of Baroda. All Rights Reserved Page | 19
Slide 20: Movement in NPAs
Movement in NPAs Particulars Q1 FY 20 Q4 FY 20 Q1 FY 21 (INR crore) A. Opening Balance 69,924 73,140 69,381 B. Additions 6,624 4,485 3,002 Out of which, Fresh Slippages 5,583 3,050 2,740 C. Reductions 6,834 8,243 3,251 Recovery 1,544 2,066 554 Upgradation 684 3,968 264 Write-Offs 4,532 2,210 1,729 O
Slide 21: Sectoral & Industry wise Contribution of Fresh slippages
Sectoral & Industry wise Contribution of Fresh slippages Particulars Industry (INR crore) Jun 19 Mar ’20 Jun ’20 Jun ’19 Mar ’20 Jun ’20 (INR crore) Infrastructure of which 254 32 0 Corporate 1,593 311 165 1. Power 170 28 0 2. Telecom 0 0 0 MSME 1,340 1038 308 3. Roads & Ports 21 0 0 4. Other Infras
Slide 22: Exposure to NCLT accounts
Exposure to NCLT accounts 51590 99.57% 98.35% 34766 93.16% 92.46% 90.32% 4889 6019 5916 NCLT 1 List NCLT 2 List Accounts filed Accounts filed Total NCLT 1 List NCLT 2 List Accounts filed Accounts filed Total by BOB at by other banks by BOB at by other banks NCLT at NCLT NCLT at NCLT Exposure in INR
Slide 23: Asset Quality – Watch list
Asset Quality – Watch list 12500 INR crore 13000 INR crore 2500 1300 All stressed accounts under SMA included in the watch list. 3488 90% of accounts degraded in June 2020 is from 4569 1178 watch list of March 2020. 1822 1649 258 79 302 3534 3074 927 1420 Mar-20 Jun-20 POWER ROAD & EPC IRON & ST
Slide 24: Moratorium – Loan Book
Moratorium – Loan Book Term Loan The total moratorium on Term Loans availed is 21.4% (as % of total loans). of which 15.7% is by Less than 10 lakhs borrowers with outstanding 5.74% above INR 10 lakhs who were given an option to opt- Moratorium Availed in. Moratorium not availed 21.42% 78.58% T
Slide 25: Capital Adequacy & Shareholding
Capital Adequacy & Shareholding © 2020 Bank of Baroda. All Rights Reserved Page | 25
Slide 26: Capital Adequacy
Capital Adequacy 13.48% 13.30% 12.84% Tier II 12.98% 11.50% 2.03% AT-1 2.07% 2.59% 2.51% Tier I 1.94% 1.07% 1.60% CET-1 1.27% 1.25% 1.06% 11.45% 10.71% 10.91% 10.33% 9.55% 9.84% 9.85% 9.44% 9.08% 8.49% Jun'19 Sep'19 Dec'19 Mar'20 Jun'20 Jun ’20 Jun ’20 Particulars (INR crore) Jun ’19 Mar ’20 Jun ’20
Slide 27: Strategy & Strengths
Strategy & Strengths © 2020 Bank of Baroda. All Rights Reserved Page | 27
Slide 28: Key Strategies
Key Strategies Focus on productivity and profitability through branch optimisation, RAROC (Risk) based loan 1 pricing and digital thrust. Thrust on CASA deposits through wide liability franchise and a customer base of 131 million. Domestic 2 CASA ratio up from 36.55% to 39.47%. Digital push to paper
Slide 29: Pan India Presence
Pan India Presence Strong domestic presence through 9,224 branches & 12,619 ATMs and Cash Recyclers 1 supported by self-service channels and BC network of 18,395 as of June 2020 Touch Well distributed branch network with 32% coverage in Rural, 26% in Semi-urban, 23% points: 2 Metro and 19% Urban. Pr
Slide 30: Baroda DigiNext Cash Management: Rapidly Increasing Market-share
Baroda DigiNext Cash Management: Rapidly Increasing Market-share Fee income cumulative (INR crore) 87 CASA maintained by Cash Management customers is Rs 2,073 crore in Jun’20 against Rs 1,053 crore in Jun’19. Total liabilities 51 including short-term deposits reached Rs. 41 FY 20 8,509 crore in Jun’
Slide 31: Digital Footprint
Digital Footprint Recent Initiatives 21X 94% POS/ECOM UPI Outward (F) txns • Digitization of Merchant (YOY growth) (YOY growth) Onboarding on UPI Platform through TabiT • Cashback offer on first 149% 103% transaction through Txns Mobile Banking Baroda Connect, M- Connect Plus and UPI (YOY growth) re
Slide 32: Consolidated Financials
Consolidated Financials © 2020 Bank of Baroda. All Rights Reserved Page | 32
Slide 33: Subsidiaries performance
Subsidiaries performance Baroda Asset Management India Limited BOB Financial Solutions Limited (Rs crore) (Rs crore) Subsidiaries Q1FY20 Q1FY21 YoY Subsidiaries Q1FY20 Q1FY21 YoY Gross Revenue 9.95 8.21 -18% (8.54) (9.93) - Profit for the quarter Profit for the quarter 0.17 (0.97) - -0.02% -1.62% -
Slide 34: Balance Sheet and PL– Consolidated
Balance Sheet and PL– Consolidated Particulars Particulars Jun ’19 Mar ’20 Jun ’20 Q1FY 20 Q1 FY 21 YOY (%) (INR crore) (INR crore) CAPITAL & LIABILITIES Net Interest Income 6,928 7,468 107.79 Capital 771 925 925 Share Application Money Non Interest Income 2,334 2,161 92.59 Pending Allotment Reserve
Slide 35: 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 (
Slide 36: Thank You
Thank You © 2020 Bank of Baroda. All Rights Reserved Page | 36