Indian Overseas Bank · NSE:IOB

Indian Overseas Bank — Q4 FY2023-24 Earnings Presentation

45 slides from Indian Overseas Bank's earnings presentation, May 10, 2024

  1. Slide 1: Performance Analysis Q4-FY 2023-24

    IND EX Performance Analysis Q4-FY 2023-24 09.05.2024 1

  2. Slide 2: Index

    INDEX IND VISION EX ---------- 3 PERFORMANCE HIGHLIGHTS ---------- 4 FINANCIAL PERFORMANCE ---------- 6 BUSINESS PERFORMANCE ---------- 13 NPA MANAGEMENT ---------- 22 CAPITAL ADEQUACY ---------- 25 FINANCIAL INCLUSION ---------- 27 DIGITAL INITIATIVES ---------- 28 CUSTOMER TOUCH POINT ---------- 3

  3. Slide 3: Performance Analysis Q4-FY24

    IND EX 3 Performance Performance Analysis Analysis Q4-FY24 Q3-FY24

  4. Slide 4: Performance Highlights: Business Growth and Profitability

    PERFORMANCE HIGHLIGHTS IND (Rs. In Crores) BUSINESS GROWTH EX Parameters FY 2022-23 FY 2023-24 Y-O-Y ( %) CASA 114113 125508 9.99% BUSINESS GROWTH CASA% 43.74% 43.90% 16 bps Total Deposits 260883 285905 9.59% Home Loan 24116 27621 14.53% Jewel Loan 36828 47732 29.61% Advances 189009 219018 15.88% Bu

  5. Slide 5: Performance Highlights: Asset Quality and Financial Indicators

    PERFORMANCE HIGHLIGHTS IND ASSET QUALITY (Rs. In Crores) EX Parameters FY 2022-23 FY 2023-24 Y-o-Y (%) Gross NPA 14072 6794 -51.72% ASSET QUALITY Net NPA 3266 1217 -62.74% GNPA% 7.44% 3.10% (434 bps) NNPA% 1.83% 0.57% (126 bps) STRENGTHENING FINANCIAL INDICATORS Parameters FY 2022-23 FY 2023-24 Y-o-

  6. Slide 6: Financial Performance

    FINANCIAL PERFORMANCE IND (Rs. In Crores) EX Quarter Ending Year Ending Growth % Q-o-Q Q-o-Q Particulars Y-o-Y Q4 2023-24 Q4 2023-24 Mar-23 Dec-23 Mar-24 FY 22-23 FY 23-24 (12 M) Over Over Q3 2023-24 Q4 2022-23 Interest Income 5192 6176 6629 19401 24050 7.33% 27.68% 23.96% Interest Expenses 2916 377

  7. Slide 7: Total Income

    TOTAL INCOME IND (Rs. In Crores) Quarter EndingEX Year Ending Growth % Particulars Q-o-Q Q-o-Q Q4 23-24 Q4 23-24 Y-o-Y Mar-23 Dec-23 Mar-24 FY 22-23 FY 23-24 Over Over (12 M) Q3 23-24 Q4 22-23 Interest on Loans 3632 4614 4760 13151 17576 3.16% 31.06% 33.65% Interest on Investment 1445 1519 1539 5849

  8. Slide 8: Fee Based Income

    FEE BASED INCOME IND (Rs. In Crores) EX Quarter Ending Year Ending Growth % Particulars Q-o-Q Q-o-Q Q4 2023-24 Q4 2023-24 Y-o-Y Mar-23 Dec-23 Mar-24 FY 22-23 FY 23-24 Over Over (12 M) Q3 2023-24 Q4 2022-23 A.Exchange & Commission 151 81 140 396 363 72.44% -7.50% -8.42% B.Income from Non Fund Based 5

  9. Slide 9: Total Expenses

    TOTAL EXPENSES IND (Rs. In Crores) EX Quarter Ending Year Ending Growth % Q-o-Q Q-o-Q Particulars Q4 2023-24 Q4 2023-24 Y-o-Y Mar-23 Dec-23 Mar-24 FY 22-23 FY 23-24 Over Over (12 M) Q3 2023-24 Q4 2022-23 Interest on Deposits 2717 3283 3337 10536 12609 1.64% 22.82% 19.68% Interest on Borrowings 200 4

  10. Slide 10: Net Profit

    NET PROFIT IND (Rs. In Crores) EX Quarter Ending Year Ending Growth % Q-o-Q Q-o-Q Particulars Q4 2023-24 Q4 2023-24 Y-o-Y Mar-23 Dec-23 Mar-24 FY 22-23 FY 23-24 Over Over (12 M) Q3 2023-24 Q4 2022-23 Operating Profit 1882 1780 1961 5942 6764 10.17% 4.20% 13.83% Provisions 996 702 768 3594 3350 9.40%

  11. Slide 11: Performance Ratios - Quarterly

    PERFORMANCE RATIOS - QUARTERLY IND COST OF DEPOSITS(%) COST OF FUNDS(%) EX 4.82 5.02 4.88 5.09 4.69 4.81 4.38 4.44 4.27 4.35 FY 22-23 FY 23-24 FY 22-23 FY 23-24 4.13 4.70 4.18 4.87 MAR 23 JUN 23 SEP 23 DEC 23 MAR 24 MAR 23 JUN 23 SEP 23 DEC 23 MAR 24 YIELD ON INVESTMENT(%) YIELD ON ADVANCES(%) 6.42

  12. Slide 12: Performance Ratios - Quarterly

    PERFORMANCE RATIOS - QUARTERLY IND YIELD ON FUNDS(%) RETURN ON ASSETS(%) EX 0.94 8.48 0.86 8.05 0.83 0.75 7.50 7.74 7.32 0.62 FY 22-23 FY 23-24 FY 22-23 FY 23-24 6.90 8.03 0.68 0.81 MAR 23 JUN 23 SEP 23 DEC 23 MAR 24 MAR 23 JUN 23 SEP 23 DEC 23 MAR 24 NET INTEREST MARGIN(%) COST TO INCOME(%) 3.53 3.

  13. Slide 13: Business Performance - Global

    BUSINESS PERFORMANCE - GLOBAL IND (Rs. In Crores) EX Q-o-Q variation Y-o-Y variation Particulars Mar-23 Dec-23 Mar-24 Amount % Amount % CASA 114113 120915 125508 4593 3.80% 11395 9.99% a)Retail Term Deposits 130303 135815 141219 5404 3.98% 10916 8.38% b)Bulk Deposits 11928 16522 14314 -2208 -13.36%

  14. Slide 14: Deposit Composition

    DEPOSIT COMPOSITION IND (Rs. In Crores) EX Q-o-Q variation Y-o-Y variation Parameters Mar-23 Dec-23 Mar-24 Amount % Amount % Domestic-Deposits Savings Bank 97211 98544 102328 3784 3.84% 5117 5.26% Current Account 14882 19921 21107 1186 5.95% 6225 41.83% CASA 112093 118465 123435 4970 4.20% 11342 10.

  15. Slide 15: Business Composition

    BUSINESS COMPOSITION IND BUSINESS PORTFOLIO SHARE MAR 24 EX Savings Bank 20% Advances Current 43% Deposits 5% Term Deposits 32% % SHARE OF ADVANCE-MAR 24 POP CATEGORY WISE DISTRIBUTION OF DEPOSITS:MAR 24 Rural Corp/Others Retail 12% 27% 24% Semi Urban Metro 19% 47% MSME Agri 21% 28% Urban 22% 15 Per

  16. Slide 16: Advances

    ADVANCES IND (Rs. In Crores) EX Mar-24 Q-o-Q variation Y-o-Y variation Parameters Mar-23 Dec-23 Amount % Amount % Retail 42400 46616 48514 1898 4.07% 6114 14.42% Agri 43988 50326 55636 5310 10.55% 11648 26.48% MSME 34856 40643 41552 909 2.24% 6696 19.21% Corporate/others 52425 60469 54995 -5474 -9.0

  17. Slide 17: RAM Performance

    RAM PERFORMANCE IND (Rs. In Crores) Parameters Mar-23 Dec-23 Mar-24 Q-o-Q % EX Y-o-Y % RETAIL CREDIT 42400 46616 48514 4.07% 14.42% Of which RETAIL BREAK UP - MAR -24 Home 24116 26612 27621 3.79% 14.53% Education 3443 2635 2641 0.23% -23.29% Others 24% Vehicle 3751 4248 4491 5.71% 19.72% Personal 15

  18. Slide 18: Agriculture

    AGRICULTURE IND (Rs. In Crores) EX % Share to Domestic Period Agri Advances Domestic Advances Advances Mar-23 173669 43988 25.33% Jun-23 174611 44853 25.69% Sep-23 191823 47003 24.50% Dec-23 198054 50326 25.41% Mar-24 200697 55636 27.72% Agri Advances Outstanding Movement 55636 50326 44853 47003 439

  19. Slide 19: MSME

    MSME IND (Rs. In Crores) Category Mar-23 Jun-23 EX Sep-23 Dec-23 Mar-24 Micro 23654 24420 23607 24171 24780 Small 6959 7207 7471 7633 7812 Medium 4243 4320 8033 8839 8960 Total 34856 35947 39111 40643 41552 MSME BREAKUP MAR-24 Micro, 60% Small, 19% Medium, 21% 19 Performance Analysis Q4-FY24

  20. Slide 20: Investment

    INVESTMENT IND (Rs. In Crores) Parameters EX Jun-23 Mar-23 Sep-23 Dec-23 Mar-24 Domestic Investments 92134 91170 93744 96044 96752 SLR 64459 63455 66005 68029 69297 Non SLR 27675 27715 27739 28015 27455 Held to Maturity 77742 79981 80938 81709 81860 Available for Sale 14392 11128 12806 14127 14892 H

  21. Slide 21: Valuations

    VALUATIONS IND EX Particulars Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 FY 2022-23 FY 2023-24 Return on Equity (%) 18.32 13.44 16.16 17.70 18.50 15.55 16.24 Basic & Diluted Earning per Share 0.34 0.26 0.33 0.38 0.43 1.15 1.40 Price Earning Ratio 65.57 92.33 141.48 113.32 140.23 19.65 42.67 Book value per s

  22. Slide 22: NPA Management

    NPA MANAGEMENT IND (Rs. In Crores) Details EX Sep-23 Mar-23 Jun-23 Dec-23 Mar-24 FY 22-23 FY 23-24 i) Opening Gross NPAs 14333 14072 13629 9893 8441 15299 14072 a. Cash Recoveries 292 248 329 212 322 1254 1111 b. Upgradation 175 143 181 163 90 1023 577 c. Write-Offs 403 597 3559 1491 1567 3412 7214

  23. Slide 23: NPA Management

    NPA MANAGEMENT GNPA IND NNPA 7.44% EX 7.13% 1.83% 1.44% 4.74% 3.90% 3.10% 0.68% 0.62% 0.57% Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 PCR SLIPPAGE RATIO 96.76% 96.85% 96.85% 92.63% 94.03% 0.33% 0.31% 86.20% 81.01% 84.57% 82.09% 0.18% 76.79% 0.17% 0.16% FY 22-23 FY 23-24 2

  24. Slide 24: Sector-wise Credit Deployment & NPA

    SECTOR-WISE CREDIT DEPLOYMENT & NPA IND (Rs. In Crores) Mar-23 EX Dec-23 Mar-24 Segmental NPAs ADV NPA Ratio % ADV NPA Ratio % ADV NPA Ratio % Retail 42400 1802 4.25% 46616 846 1.81% 48514 824 1.70% Agri 43988 2974 6.76% 50326 2183 4.34% 55636 2098 3.77% MSME 34856 3193 9.16% 40643 2291 5.64% 41552

  25. Slide 25: Capital Adequacy

    CAPITAL ADEQUACY IND (Rs. In Crores) Particulars Mar-23EX Jun-23 Sep-23 Dec-23 Mar-24 Market Risk RWA 8208 6506 7814 8481 8892 Operational Risk RWA 15066 16705 16705 16705 16705 Credit Risk RWA 106706 106969 106838 114570 118382 Total RWA (A) 129980 130180 131357 139756 143979 CET 1 16736 17367 1813

  26. Slide 26: Movement of CRAR & RWAs

    MOVEMENT OF CRAR & RWAs IND CRAR EX 17.28% 17.00% 16.80% 16.56% 16.10% MA R- 2 3 JUN - 2 3 SE P - 2 3 DEC - 2 3 MA R- 2 4 CREDIT RWA TO ADVANCE RATIO TOTAL RWA TO ADVANCE RATIO 56.46% 68.77% 68.06% 55.93% 62.88% 64.65% 54.05% 65.74% 53.00% 51.14% MA R- 2 3 JUN - 2 3 SE P - 2 3 DEC - 2 3 MA R- 2 4 MA

  27. Slide 27: Financial Inclusion

    FINANCIAL INCLUSION PMJDY Account (Number in Lakhs) IND PMJDY Account Balance (in Crs) 78.93 76.69 EX 73.55 3509 3510 3541 3486 69.15 3432 67.96 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 PMJDY Account (Number in Lakhs) PMJDY Account Balance PMJDY Zero balance Accounts No

  28. Slide 28: Digital Initiatives: Go Digital

    Digital initiatives IND EX IOB MOBILE BANKING APP IOB DIGITAL BHIM IOB UPI PRODUCTS INTERNET BANKING GO DIGITAL !!! 28 Performance Analysis Q4-FY24

  29. Slide 29: IOB Mobile Banking App

    IOB MOBILE BANKING APP IND EX Performance Analysis Q4-FY24 29 Performance Analysis Q4-FY24

  30. Slide 30: Digital Initiatives: UPI

    DIGITAL INITIATIVES IND EX T&C Apply UPI BHIM IOB UPI MEANS 30 Performance Analysis Q4-FY24

  31. Slide 31: Digital Initiatives: e-BG

    DIGITAL INITIATIVES IND e -BG EX Get Your Bank Guarantee Digitally !!! e -BG 31 Performance Analysis Q4-FY24

  32. Slide 32: Digital Outreach

    DIGITAL OUTREACH ATM/CDM USERS IND INTERNET BANKING REGISTERED (NO OF OUTLETS) EX USERS (IN LAKHS) 3515 3508 3506 30.18 3495 28.97 27.77 3477 26.45 25.59 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 MOBILE BANKING REGISTERED USERS UPI REGISTERED USERS (IN LAKHS) (IN LAKHS) 8

  33. Slide 33: Customer Touch Point Pan India

    CUSTOMER TOUCH POINT PAN INDIA IND Domestic Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Presence EX Branches 3220 3222 3223 3226 3236 ATM/CR 3477 3495 3515 3508 3506 BC 3190 3322 3891 4886 6379 MAR-24 BRANCHES MAR-24 ATM/CR Rural, Metro, Rural, Metro, 910, 700, 847, 715, 28% 22% 21% 24% Urban, Semi Urban, Se

  34. Slide 34: Foreign Outreach

    FOREIGN OUTREACH IND EX HONG KONG BRANCH SINGAPORE BRANCH COLOMBO BRANCH BANGKOK BRANCH Performance Analysis Q4-FY24

  35. Slide 35: Share Holding Pattern

    SHARE HOLDING PATTERN IND EX Category of Shareholder % share Government of India 96.38% Shareholding Pattern-Mar-24 FI/Banks 0.00% Foreign Portfolio Investor (Corporate) 0.05% Government of India, 96.38% Mutual Funds 0.06% Institution, Insurance Companies 1.23% 1.41% Individual 1.90% ESOP/ESOS/ESPS

  36. Slide 36: Strategic Investment Joint Venture

    STRATERGIC INVESTMENT JOINT VENTURE IND IOB entered into Non-Life Insurance Business with Universal Sompo General Insurance (USGI) Company Limited with equity participation of 18% along with the other Banks and Institutions EX Name of Entity Share Holding % Shareholding % Indian Overseas Bank 18.06%

  37. Slide 37: Assets & Liabilities

    ASSETS & LIABILITIES IND (Rs. In Lakhs) EXat 31.03.2024 Balance Sheet as LIABILITIES Standalone Consolidated Particulars Mar-24 Mar-23 Mar-24 Mar-23 Capital 1890241 1890241 1890241 1890241 Reserves and Surplus 903989 636053 865904 597363 Deposits 28590538 26088329 28612148 26097359 Borrowings 303871

  38. Slide 38: ESG Initiatives

    ESG INITIATIVES IND EX ENVIRONMENTAL SOCIAL GOVERNANCE ENVIRONMENTAL 38 Performance Analysis Q4-FY24

  39. Slide 39: ESG Initiatives: Environmental

    ESG INITIATIVES IND EX IOB VEHICLE LOAN FOR E BIKE/CAR ENVIRONMENTAL SOCIAL GOVERNANCE IOB TEJAS FOR RENEWABLE SOLAR ENERGY EQUIPMENT CREDIT FACILITY TO WINDMILL PAPERLESS BANKING ENVIRONMENTAL 39 Performance Analysis Q4-FY24

  40. Slide 40: ESG Initiatives: Social

    ESG INITIATIVES IND EX VARIOUS IOB CREDIT SCHEME FOR WOMEN ENVIRONMENTAL SOCIAL GOVERNANCE THE SAKTHI- IOB CHIDAMBARAM CHETTIAR MEMORIAL TRUST FINANCIAL LITERACY CENTERS (SNEHA) SOCIAL FRIENDLY WORK ENVIRONMENT 40 Performance Analysis Q4-FY24

  41. Slide 41: ESG Initiatives: Governance

    ESG INITIATIVES IND EX COMPLYING WITH ALL GUIDELINES &REGULATIONS ENVIRONMENTAL SOCIAL GOVERNANCE EFFECTIVE MONITORING CUSTOMER RIGHT POLICY EFFECTIVE CUSTOMER COMPLAINTS RESOLUTION GOVERNANCE 41 Performance Analysis Q4-FY24

  42. Slide 42: Accolades & Award

    ACCOLADES & AWARD IND EX Indian Overseas Bank has been recognized as a TOP IMPROVER in the EASE 5.0 Rankings. Shri. Srinivasan Sridhar-Chairman, Shri. Ajay Kumar Srivastava-MD & CEO and Shri. Nataraj. K-Chief Compliance Officer receiving the trophy and citation from Dr. Vivek Joshi, DFS Secretary 42

  43. Slide 43: Accolades & Award

    ACCOLADES & AWARD IND EX 19th IBA Annual Banking Technology Conference, Expo & Citations Indian Overseas Bank received 5 awards under Medium Size Banks Category in the following fields. 1. Winner- Best Technology Talent 2. Winner- Best Financial Inclusion 3. Runner Up-Best Fintech & DPI Adoption 4.

  44. Slide 44: Disclaimer

    DISCLAIMER IND EX Except for the historical information contained herein, statements in this release which contain words or phrases such as "will", "aim" "will likely result", "would", "believe", "may", "expect",', "will continue ", "anticipate", "estimate" "intend", "plan", "contemplate" "seek to"

  45. Slide 45: Thank You

    IND EX THANK YOU We express our heartfelt gratitude to all our stakeholders for their support & trust and solicit their continued patronage to make our beloved Bank grow exponentially in the coming years Please provide your valuable feedback @investor.iobnet.co.in visit us @ https://www.iob.in Follo

Indian Overseas Bank — Q4 FY2023-24 Earnings Presentation on 6ix