Yes Bank Limited · NSE:YESBANK
Yes Bank — Q3 FY24 Earnings Presentation
70 slides from Yes Bank's earnings presentation, Jan 28, 2024
Slide 1: Exchange intimation: Press Release and Investor Presentation
YBL/CS/2023-24/153 January 27, 2024 National Stock Exchange of India Limited BSE Limited Exchange Plaza, Corporate Relations Department Plot no. C/1, G Block, P.J. Towers, Dalal Street Bandra - Kurla Complex Mumbai – 400 001 Bandra (E), Mumbai - 400 051 Tel.: 2272 8013/15/58/8307 Tel.: 2659 8235/36
Slide 2: Key Highlights
January 27, 2024 YES BANK ANNOUNCES FINANCIAL RESULTS FOR THE QUARTER ENDED DECEMBER 31, 2023 Key Highlights ▪ Net Profit for Q3 FY24 at INR 231 Cr grows 349.2% Y-o-Y and 2.8% Q-o-Q • NIMs expand Q-o-Q driven by efficient Balance Sheet Management, despite headwinds on Deposits and Funding Costs • Co
Slide 3: Financial Highlights
Financial Highlights Profit and Loss ▪ Q3 FY24 NII at INR 2,017 Cr up 2.3% Y-o-Y and 4.8% Q-o-Q ▪ NIM for Q3 FY24 at 2.4% up 10 bps Q-o-Q ▪ Q3 FY24 Non-Interest Income at INR 1,195 Cr, up 12.1% Y-o-Y. Adjusted for Realised/ Unrealised Gain on Investments, Core Non-Interest Income up 23.4% YoY ▪ Q3 F
Slide 4: Asset Quality and Digital Highlights
Asset Quality ▪ (NNPA + net carrying value of SR) as % of Advances at 1.7% in Q3 FY24 v/s. 2.0% in Q2 FY24 • GNPA ratio at 2.0% flattish in Q3 FY23 and Q2 FY24 • NNPA ratio at 0.9% vs. 1.0% in Q3 FY23 and 0.9% in Q2 FY24 ▪ Gross Slippages for Q3 FY24 at INR 1,233 Cr v/s. INR 1,610 Cr in Q3 FY23 and
Slide 5: Financial Highlights from Q3FY24 Results
Financial Highlights from Q3FY24 Results Profit & Loss Statement Highlights (INR Cr) Q3FY24 Q2FY24 Growth % Q3FY23 Growth % Net Interest Income 2,017 1,925 4.8% 1,971 2.3% Non-Interest Income 1,195 1,210 -1.3% 1,066 12.1% Total Net Income 3,211 3,135 2.4% 3,036 5.8% Operating Profit/(Loss) 864 801 7
Slide 6: Investor Presentation Q3FY24 Financial Results
INVESTOR PRESENTATION Q3FY24 Financial Results January 27, 2024 CRH FTSE4Good S&P Global CDP Ranked highest Included in ESG Score Highest rated Indian amongst 34 large SCBs bank for climate FTSE4Good Index on climate preparedness Highest Score disclosures 2022 – – Climate Risk Horizons Series amongs
Slide 7: New Generation, Professionally Run, Private Sector Bank with a Scalable Platform
New Generation, Professionally Run, Private Sector Bank with a Scalable Platform • 6th Largest Private Sector 1, Universal Bank offering comprehensive suite of product and services via its pan India network of 1,198 branches, 193 BCBOs and 1,287+ ATMs (including CRMs and BNAs) in over 300 districts
Slide 8: A Unique Turnaround by a Seasoned Professional Team
A Unique Turnaround undertaken amidst a difficult backdrop by a Seasoned Professional Team All figures in INR Crs Extreme Stress Conditions – Amidst Challenging Backdrop Bank stands ‘Primed’ For Growth Strong Growth Phase till FY18 Moratorium imposed in Mar’20 Mar’ 20 Apr’ 21 Jan’ 22 Onwards with Pa
Slide 9: Contents
Contents Profitability Improvement Roadmap Financial Results- Q3FY24 YES BANK Franchise 4
Slide 10: Gradual RoA Improvement to be driven through
Gradual RoA Improvement to be driven through All figures in INR Crs Balance Sheet Structure Profit and Loss Structure Data for FY23 Data as of Mar 31, 2023 Mid Size Mid Size YES Large Pvt. YES Large Pvt. As % of Assets Pvt. As % of Assets Pvt. BANK Banks BANK Banks Banks Banks Increasing Share of Ad
Slide 11: Key Business Levers to Improve Profitability
Key Business Levers to Improve Profitability Resolution of PSL (Priority Sector Lending) shortfall related drag Focus Target Metrics Ensuring full PSL compliance1 through organic sourcing, BC partnerships and Inorganic Interventions Organic PSL balances & reduction in shortfall Retail Assets: Mix op
Slide 12: Several Underlying Business vectors exhibiting encouraging trends
Several Underlying Business vectors already exhibiting encouraging trends All figures in INR Crs Higher share of RoA Accretive Retail Products Increasing share of Internal Sourcing in Retail Advances Rising Share of Branch Banking Deposits RoA Accretive Products Other Retail Products Sourcing throug
Slide 13: Reported outcomes however muted
Reported outcomes however muted on account of 1) Continued drag from PSL related Shortfalls Mandated deposits in lieu of PSL Shortfalls: At 11% of Assets- drag on Income & Profitability outcomes All figures below for 9MFY24; ‘Normalized’ indicates Pro-forma figures, normalized for the impact of depo
Slide 14: Investments into the Retail & SME Franchise
2) Investments into the Retail & SME Franchise… Significant shift in Balance Sheet and Income mix towards higher C/I intensive segments over the last 3 years. Advances mix expected to largely stabilize from hereon Advances Mix Deposits mix Gross Income Mix Retail/ SME Advances Corporate Advances Bra
Slide 15: Retail Assets- Product and Sourcing Mix calibration
Retail Assets- Product and Sourcing Mix calibration oriented towards profitability improvement All figures in INR Crs Broadly retained product risk profile through Mix Optimization within existing product 1 Calibration in Disbursement growth with focus on ROA Accretive Products 2 categories Disburse
Slide 16: SME Segment: Niche Segment with Proven Expertise
SME Segment: Niche Segment with Proven Expertise Granular Book with improving Income generation All figures in INR Crs 1 High quality & well diversified granular book with <1% Net NPA 2 ~86% Book Secured; 93%+ PSL compliant Book Split by Ticket Size (count of customers) 5% 4% SME NNPA % 0-0.5 Crs 19
Slide 17: Mid Corporate Segment
Mid Corporate Segment Strong Competitive Advantage aided by Relationships, Expertise & Solutioning 1 Steady growth in Balances in the Mid Corporate segment 2 Strong source of Fee Income FY21 FY22 FY23 9MFY24 Mid Corp. Fees As % of Assets 600 5.0% 31,263 480 27,041 500 4.0% 19,910 18,428 21,092 401 1
Slide 18: Maximizing Branch Distribution as Fulcrum of Business
Maximizing Branch Distribution as Fulcrum of Business Leveraging existing (and growing) network to offer full spectrum of products All figures in INR Crs Branch Banking led Deposits: 19.7% CAGR (FY21-H1FY24) Deposits Outperformance – even higher in last 1 year Branch led sourcing of Assets and distr
Slide 19: Non-Interest Income: Strong Traction in Granular and Transactional Fee Streams
Non-Interest Income: Strong Traction in Granular and Transactional Fee Streams 1 Strong Traction in Non-Interest Income, even higher in the case of Core Fees 2 2 Steadily Rising Contribution in RoA 1 FY21 FY22 FY23 9MFY24 Core Fees as % of Assets 1.21% 4,728 4,399 1.09% 1.02% 3,685 3,654 3,263 3,012
Slide 20: Digital @ Banking
Digital @ Banking: A blend of distinctive capabilities, integrated strategy and multi pronged delivery channels aimed at enhancing skill with better efficiency and profitability Distinctive Capabilities Business Integrated Strategy Multi Pronged Delivery Market Leadership – YBL processes ~1 in 3 ‘De
Slide 21: Augmenting Digital & Transaction Banking Stack
Augmenting Digital &Transaction Banking Stack Customer Journeys and Internal Tools & Workflows Retail Customers MSME & Corporate Customers Employee Recent Add-ons Book of Work Customers Employees Customers Employees 1. Digital LRS (Liberalized Remittance Scheme) – Pilot completed 1. Gen Next AI: Usi
Slide 22: IRIS – A Next Gen all-in-one Retail SUPER APP
IRIS – A Next Gen ‘all-in-one’ Retail SUPER APP Gaining Strong Traction Since Go Live in Aug 2023 34 lakh 17 lakh ~14,000 Service Registered PL Sourced Request Users Handled 8.6 Lakh 1.6 Lakh Monthly 53 lakh RuPay Cards Active Transactions issued Users1 1 Dec 2023 17
Slide 23: YES Connect: Enriched Customer Experience
YES Connect : Enriched Customer Experience Super App for Businesses API’fication of our Marketplace model Sachetization of Solutions across Industry Segments (YES Bank + Partner Offerings) YES Bank Services Partner Services Smart FinTechs Collections E-Invoicing Remittances Retailers Exchange Houses
Slide 24: Ecosystem Partners
Ecosystem Partners Digitizing client journeys & creating inorganic client acquisition funnel through Fintech partnerships Partnership roadmap of Digital & Transaction Banking Source Digital Onboard Digital Transact Digital Service Phygital Monitor Digital ▪ Digital Acquisition at ▪ Digital Client On
Slide 25: Transaction Banking
Transaction Banking: Sustainable & Granular Revenues through Digital Payments, Trade Finance & Cash Mgt. STRENGTHENING FRANCHISE 95% of our Corporate CASA is embedded with Digital & 2+ PPI* in Corporates covers 82% CA, 97% CMS Thruput, 70% of all Lending Clients have 2+ TBG & Transaction Banking Pro
Slide 26: Powering Digital India with our Distinctive Capabilities
Powering Digital India with our Distinctive Capabilities Powering ~30% of all AePS in India (#1 by Txn Count) #1 PSP Bank1 Powering ~118 mn txn daily CAGR 26.7% (Q4FY21-Q3FY24) CAGR 54.2% (Q4FY21-Q3FY24) 120 35.0% 29.3% 70.0% 24.0 110 30.0% 25.2% 23.8% 60.0% 100 25.0% 21.0 45.0% 41.5% 20.2% 38.3% 38
Slide 27: Responsible franchise with sustainability at its core
Responsible franchise with sustainability at its core – Highest rated Indian Bank in ESG CRH S&P Global CDP Ranked highest FTSE4Good Highest rated Indian ESG Score Included in amongst 34 large Highest Score amongst bank for climate scheduled commercial FTSE4Good Index disclosures 2022 – Indian banks
Slide 28: Integrating ESG considerations across the Bank's business and operations
Integrating ESG considerations across the Bank’s business and operations Environment Social Governance First Bank globally with an ISO 21% women participation in the Bank’s 54% of the Directors on the Bank’s 14001:2015 certified Environmental workforce with a target to achieve 25% Board are Independ
Slide 29: Contents
Contents Profitability Improvement Roadmap Financial Results- Q3FY24 YES BANK Franchise 24
Slide 30: Results At a Glance – Q3FY24
Results At a Glance – Q3FY24 All figures in INR Crs Arrows indicative of Q-o-Q Trends Total Assets Advances Total Disbursements1 Deposits CD Ratio Advances Mix Retail & SME: Mid Corp: Corporate 380,391 217,523 28,498 v/s. 241,831 89.9% v/s. 63%:14%:23% 4.2%: Q-o-Q 4.0%: Q-o-Q 28,077 Q2FY24 3.2%: Q-o
Slide 31: Highlights for Q3FY24
Highlights for Q3FY24 1 P&L Highlights 2 Balance Sheet Highlights ▪ NIMs expand Q-o-Q driven by efficient Balance Sheet Management, despite headwinds on ▪ Robust Deposit accretion & Q-o-Q improvement in CASA Ratio despite industry wide headwinds Deposits and Funding Costs • Adjusted for Certificate
Slide 32: Profit and Loss Statement
Profit and Loss Statement All figures in INR Crs • Net Profit for Q3FY24 at INR 231 Crs up Quarter Ended Growth Profit and Loss Statement 349.2% Y-o-Y and 2.8% Q-o-Q Q3FY24 Q2FY24 Q3FY23 Q-o-Q Y-o-Y Net Interest Income 2,017 1,925 1,971 4.8% 2.3% • NII at INR 2,017 Crs for Q3FY24 up 2.3% Y-o-Y and 4
Slide 33: Break Up of Non-Interest Income
Break Up of Non-Interest Income All figures in INR Crs • Non-Interest Income at INR 1,195 Crs Quarter Ended Growth for Q3FY24, up 12.1% Y-o-Y. Adjusted Break up of Non Interest Income 1 for Realised/ Unrealised gain on Q3FY24 Q2FY24 Q3FY23 Q-o-Q Y-o-Y Investments, Non- Interest Income up Non Interes
Slide 34: Break up of Operating Expenses
Break up of Operating Expenses All figures in INR Crs • Second successive quarter of <1% Quarter Ended Growth Q-o-Q growth in Operating Expenses Break up of Operating Expenses 1 Q3FY24 Q2FY24 Q3FY23 Q-o-Q Y-o-Y • Opex for Q3FY24 grew 10.6% Y-o-Y and Staff 911 892 857 2.1% 6.2% only 0.6% Q-o-Q • Opex
Slide 35: Provisions and P&L
Provisions and P&L All figures in INR Crs • Provision costs for Q3FY24 down by Quarter Ended Growth 26.6% Y-o-Y Break up of Provisions Q3FY24 Q2FY24 Q3FY23 Q-o-Q Y-o-Y • Non-Tax provisions down 34.3% Y-o-Y Operating Profit/(Loss) 864 801 914 7.8% -5.4% • Gross Slippages for Q3FY24 at INR 1,233 Crs v
Slide 36: Balance Sheet
Balance Sheet All figures in INR Crs • Balance Sheet grew 10.7% Y-o-Y Balance Sheet 31-Dec-23 30-Sep-23 31-Dec-22 (Q-o-Q) % (Y-o-Y) % • C/D ratio at 89.9% v/s. 89.7% in Assets 380,391 365,223 343,778 4.2% 10.7% Q3FY23 and 89.2% in Q2FY24 Advances 217,523 209,106 194,573 4.0% 11.8% • Advances growth
Slide 37: Break up of Advances & Deposits
Break up of Advances & Deposits All figures in INR Crs • Sustained Granularization of Balance Q-o-Q Y-o-Y Segmental Break up of Advances 31-Dec-23 30-Sep-23 31-Dec-22 Sheet: Growth (%) Growth (%) • Retail Advances mix at 47.4% Retail 103,085 100,441 84,262 2.6% 22.3% v/s.44.0% in Q3FY23 and 48.0% in
Slide 38: Break up of Investments
Break up of Investments All figures in INR Crs • Total Net Investments at INR 79,333 Crs Investments Breakup • SLR – INR 69,959 Crs • NSLR – INR 9,374 Crs • Standard Performing- INR 6,064 Crs: ~98% Rated AA and above HTM 3% • Security Receipts- INR 1,714 Crs • Others1- INR 1,596 Crs SLR 88% NSLR 12%
Slide 39: NPA Highlights
NPA Highlights All figures in INR Crs Asset Quality Parameters 31-Dec-23 30-Sep-23 31-Dec-22 • Gross NPA Ratio at 2.0% flat Q-o-Q Gross NPA (%) 2.0% 2.0% 2.0% • Gross Slippages for Q3FY24 at INR 1,233 Crs v/s. INR 1,610 Crs in Net NPA (%) 0.9% 0.9% 1.0% Q3FY23 and INR 1,199 Crs in Q2FY24 Provision C
Slide 40: Summary of Labelled & Overdue Exposures
Summary of Labelled & Overdue Exposures All figures in INR Crs • Slippage of INR 73 Crs in Q3FY24 from 31-Dec-23 30-Sep-23 31-Dec-22 Particulars Standard Restructured Advances pool of Gross Provisions Gross Provisions Gross Provisions Q2FY24 NPA 4,457 2,523 4,319 2,434 3,904 1,930 Other Non Performi
Slide 41: CET 1 Ratio at 12.6%
CET 1 Ratio at 12.6% 1 Bank’s Capital Adequacy Ratio 1 18.2% 16.3% 17.3% CET 1 Ratio at 12.6% 4.2% 5.1% 3.7% CRAR TIER II Post full warrant conversion ~110 bps CET 1 to further accrue to CET I ratio 12.6% 13.1% 13.0% 31-Dec-23 30-Sep-23 31-Dec-22 2 CET I Q-o-Q Movement in Q3FY24 Impact of RBI Circul
Slide 42: Contents
Contents Profitability Improvement Roadmap Financial Results- Q3FY24 YES BANK Franchise 37
Slide 43: Retail Bank
Retail Bank: Full spectrum retail bank growing with strong momentum All figures in INR Crs Strong growth in Retail Advances 1 Highest Ever +22% Y-o-Y. Pan-India presence via 1,198 branches, 193 BC 58% of branches in 84,262 91,036 94,445 100,441 103,085 banking outlets Top 200 deposit and 1,287 ATMs,
Slide 44: Branch Banking
Branch Banking: Expanding Footprint, Enhanced Digital Cross Sell & Growth in Granular Deposits All figures in INR Crs 1 Branch Network 2 Digital Journeys for seamless Customer Acquisition, Servicing & Cross sell Assisted Digital Branches BCBO • ~95% Eligible SA, ~72% Eligible CA accounts opened digi
Slide 45: Retail Assets
Retail Assets: Fast growing diversified book All figures in INR Crs 1 Retail asset disbursements: Calibration in Product mix 2 Diversified retail book1 Home Loans Preferred financier status 12,705 Personal Loans 5% with leading Auto OEMs 12,132 4% 18% Secured Business Loans 11,283 11,149 2% Auto Loa
Slide 46: Rural Assets
Rural Assets: Deepening the penetration in emerging rural markets & generating Agri PSL All figures in INR Crs 1 Business originations 2 Robust Farmer financing book & improved collections in Women Microfinance book 1,661 ▪ High quality farmer financing book with NPA of 1.6% 1,208 1,020 1,053 ▪ NPA
Slide 47: SME Banking
SME Banking: Strong Book Growth while boosting bottom line All figures in INR Crs 1 Steady growth in funded book 2 Funded and Non-Funded Book composition YoY growth: 24% QoQ Growth: 7% 33,142 Working Capital & Term Loan 30,979 19% 2% Channel Finance 28,899 28,130 26,722 Commodity Finance 11% 68% Non
Slide 48: Credit Cards
Credit Cards: Strong business growth and enhanced customer experience 1 Sustained Strong Growth in Cards, Book Size & Card Spends 2 Growth in Acquisition and Cross sell No of Cards In (‘000s) 1,823 ▪ Steady growth in new card acquisition leading to 32% Y-o-Y growth in customer Book Size (EOP)n Cr ba
Slide 49: Wholesale Banking: Covering diverse Client Segments
Wholesale Banking: Covering diverse Client Segments with deep Product Expertise Scheduled Commercial & Co-op Banks, DFIs, NBFCs, MFIs, Insurance, Mutual Funds, Stock International Banks, Global DFIs and Brokers & Payment Operators Cross border Money Transfer Operators Indian International Financial
Slide 50: Wholesale Banking
Wholesale Banking Granularization of incremental lending book All figures in INR Crs 1 Corporate Book & Disbursements 2 Providing tailored solutions to clients across business segments Funded O/S Non-Funded O/S Disbursements1 • Team of 184 Relationship Bankers spread across 10 locations serving 950
Slide 51: Large Corporates
Large Corporates Focus Sectors Pan India Presence Products • Presence in 10 major locations • Working capital Finance, Project Finance, • Chemicals • Metals & Mining Supply Chain Finance, FX and Derivatives • Infra - Road & Port • Logistics & Warehousing • Delhi • Bengaluru • Electronics & Electrica
Slide 52: Mid Corporates
Mid Corporates Knowledge Sectors – Media & Growth led by NTB and X-sell - Entertainment, Gems & Jewellery, ECOM Team higher wallet share and Food & Agri, Pharma, Chemicals, Unicorn and Soonicorn Focus productivity Auto ancillary, Logistics, Metals Initiatives to maintain Bank’s Leadership Position i
Slide 53: Indian Financial Institutions
Indian Financial Institutions Co-operative Banks & RRBs Banks & DFIs • Relationship driven, Liability rich product offerings • Strong relationships with Domestic Banks & FIs • Dominant position in Digital offerings for Co-operative Banks • Resource raising in the form of Borrowings & Refinance NBFCs
Slide 54: International Banking
International Banking FOCUS SEGMENTS • Resource raising – Trade loans, Bilateral / Syndication loans, MTN borrowings • INR borrowings / FD placements • Interbank limits for global treasury DFI / Banks • Cross-border trade facilitation / fulfillment • Nostro / Vostro accounts • Cross-Border Remittanc
Slide 55: Government Banking
Government Banking FOCUS SEGMENTS MARKET STRENGTHS COMPETITIVE First mover in Key Growth Sectors - Smart Cities, Defense OFB, • Central Ministries ADVANTAGE Ports • State Governments - Government Fund Flow Management • Local Governments – Urban Local Bodies, Districts & Panchayat PERFORMANCE Quick T
Slide 56: Multinational Corporates
Multinational Corporates FOCUS SEGMENTS MARKET STRENGTHS • Ecosystem Banking FIRST MOVER 1st Domestic private sector bank with a dedicated MNC desk • Bespoke CMS and Digital Banking offerings ADVANTAGE • Value Added Trade services Marquee MNCs • Retail Liabilities (B2B2C) Core Coverage across 8 citi
Slide 57: Project Finance Business & Loan Syndication
Project Finance Business & Loan Syndication Sectoral expertise built over the years across sectors viz. Energy, Ports & Logistics, Transport, Core & Evolving Sectors, Real Estate and demonstrated Distribution capabilities across Banks, NBFCs, FIs Key Strengths Contribution Sectoral Knowledge Sector-
Slide 58: IFSC Banking Unit - GIFT City
IFSC Banking Unit - GIFT City GIFT is the only International Financial Services Centre in India. One of the strategic focus areas of the Government and recognized as the key gateway for financial and investment activities. YBL was the First Bank to commence operations in IFSC • Offers comprehensive
Slide 59: Knowledge Banking
Knowledge Banking Leveraging knowledge as a competitive differentiator to grow Banking Business Economics Knowledge Banking (EKB), Food & Agri Strategic Advisory & Research (FASAR), Corporate & Government Advisory (CGA) • A team of specialists with deep sectoral knowledge and expertise in Economy, F
Slide 60: Curated & Expansive Digital Interface
Curated & Expansive Digital Interface Enriched customer experience across all customer segments Yes Online - (Web) Corporate & MSME Banking Revamped, Simplified and Futuristic Revamped, Simplified and Futuristic Net Banking Service Online & Mobility Service Smart Trade & Digital Supply Chain IRIS –
Slide 61: IRIS: Enriched customer experience
IRIS : Enriched customer experience Super APP for Retail Customers ▪ IRIS is a native API-led mobile platform offering banking on fingertips across customer lifecycle (220+ features) ▪ Leveraging 30% mobile native consumers + Digital India stack to build a highly scalable and low C2I digital busines
Slide 62: Strategically leverage Public Digital Infrastructure
Strategically leverage Public Digital Infrastructure Contributing to building new-age India through collaboration on Key Digital Initiatives Digital Initiatives Principle Objectives YES Differentiators Consent Layer for Data sharing system making Curated & Expansive offerings Account Aggregator (AA)
Slide 63: Financial Markets – Customised solutions for clients
Financial Markets – Customised solutions for clients >15 yrs Remittances FX All 32% Currency Exotics Notes Active FX trading desk FX GO Available across digital 5-15 yrs Imports for market making Full platforms for Rate booking 36% providing best in class YesFX FX Sales Product Suite pricing for cus
Slide 64: Robust Governance Structure – Board Members
Robust Governance Structure – Board Members Eminent and Experienced Board Rama Subramaniam Gandhi Atul Malik Sharad Sharma Sadashiv Srinivas Rao Sanjay Kumar Khemani Non-Executive, Part time Chairman, Independent Director Independent Director Independent Director Independent Director Independent Dir
Slide 65: Professional and Seasoned Management team
Professional and Seasoned Management team Prashant Kumar Managing Director & CEO, YES Bank Manish Jain Niranjan Banodkar Rajan Pental Country Head- Wholesale Banking Chief Financial Officer Executive Director Archana Shiroor Dheeraj Sanghi Sachin Raut Gaurav Goel Chief Human Resources Officer Countr
Slide 66: Responsible franchise with sustainability at its core
Responsible franchise with sustainability at its core – Highest rated Indian Bank in ESG CRH S&P Global CDP Ranked highest FTSE4Good Highest rated Indian ESG Score Included in amongst 34 large Highest Score amongst bank for climate scheduled commercial FTSE4Good Index disclosures 2022 – Indian banks
Slide 67: Strong people focus
Strong people focus: Stable leadership with focus on up-skilling talent, objective performance management & enabling employee flexibility • Employees in C-Suite, Leadership, Executive and Senior grades with average vintage of ~ 9 years within the Bank combined with top talent from the industry. Lead
Slide 68: Strong Investor base
Strong Investor base Well diversified Investor base: Shareholding Pattern as on December 31, 2023 Category % STATE BANK OF INDIA Banks 37.2% CA BASQUE INVESTMENTS 26.1% VERVENTA HOLDINGS FDI 12.9% 1 47.1% LIFE INSURANCE CORPORATION OF INDIA Resident Individuals 29.5% HDFC BANK FPI’s 10.9% ICICI BANK
Slide 69: Credit Rating
Credit Rating ICRA Downgrades CARE Upgrades: Basel II Upper Tier II to D from BB BASEL III Tier II to BBB from C INDIA Ratings CARE Downgrades INDIA Ratings Upgrades BASEL II Upper Tier II to BB+ from D CARE Upgrades Ratings across all Outlook-keeps Basel II Upper Tier II to D from C BASEL III Tier
Slide 70: Thank You
Thank You Disclaimer: No representation or warranty, express or implied is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of information or opinions contained herein. The information contained in this presentation is only current as of its date.