Bank Of Baroda · NSE:BANKBARODA
Bank Of Baroda — Q4 FY2024 Earnings Presentation
38 slides from Bank Of Baroda's earnings presentation, May 10, 2024
Slide 1: Performance Analysis Q4FY24 & FY24
Performance Analysis Q4FY24 & FY24
Slide 2: Key Highlights
G a 3itm aster Bank of Baroda Key Highlights
Slide 3: Key Highlights
Key Highlights Key Performance Drivers Business Details (INR crore) Mar 31, 2023 Mar 31, 2024 YoY (%) Net Interest Margin (%) Net Profit (INR crore) 26 bps YoY 26.1% YoY Domestic Deposits 10,47,375 11,28,514 7.7 13 bps YoY International Deposits 1,56,313 1,98,444 27.0 3.53 3.27 3.31 17,789 Global De
Slide 4: Financial Performance
G a 3itm aster Bank of Baroda Financial Performance
Slide 5: Key Ratios
Key Ratios Net Interest Margin Cost of Deposits Domestic 3.65% 3.45% Domestic Global International 3.23% 3.42% 3.32% 5.00% 5.11% 4.52% 5.06% Q4FY23 Q3FY24 Q4FY24 FY23 FY24 4.96% 4.74% 4.77% 4.43% International 3.78% 2.17% 2.04% Q4FY23 Q3FY24 Q4FY24 1.95% 1.94% 1.97% Yield on Advances Domestic Global
Slide 6: Operating Performance
Operating Performance Particulars Q4 FY23 Q3 FY24 Q4 FY24 YoY (%) FY23 FY24 YoY (%) (INR crore) Interest on advances 19,095 21,697 22,760 19.2 64,073 85,098 32.8 Interest on investments 6,057 6,255 6,307 4.1 22,156 24,866 12.2 Other Interest income 705 652 516 -26.8 3,359 2,642 -21.3 Total Interest
Slide 7: Non-Interest Income
Non-Interest Income Particulars Q4 FY23 Q3 FY24 Q4 FY24 YoY (%) FY23 FY24 YoY (%) (INR crore) Commission, Exchange, Brokerage 898 683 1,030 14.7 2,970 3,562 19.9 Incidental Charges 373 416 360 -3.5 1,329 1,587 19.4 Forex Income 58 61 61 5.2 258 239 -7.3 Other Miscellaneous Income 385 383 464 20.5 1,
Slide 8: Operating Expenses
Operating Expenses Particulars Q4 FY23 Q3 FY24 Q4 FY24 YoY (%) FY23 FY24 YoY (%) (INR crore) Employee Cost 3,781 3,809 4,547 20.3 13,357 15,816 18.4 of which: Salaries 3,016 2,997 2,875 -4.7 10,241 11,747 14.7 Provisions for employees 765 812 1,672 -- 3,116 4,069 30.6 Other Operating Expenses 3,137
Slide 9: Profit Position
Profit Position Particulars Q4 FY23 Q3 FY24 Q4 FY24 YoY (%) FY23 FY24 YoY (%) (INR crore) Operating Profit 8,073 7,015 8,106 0.4 26,864 30,965 15.3 Total Provisions 1,421 666 1,302 -8.4 7,137 6,076 -14.9 of which: 320 1,007 1,485 -- 4,351 6,471 48.7 Provision for NPA & Bad Debts Written-off Provisio
Slide 10: Business Performance
Business Performance B ad 3iim asler Bank of Baroda 10
Slide 11: Deposits
Deposits Particulars % share in Domestic Deposits in Mar’24 Mar’23 Mar’24 YoY (%) Dec’23 Mar’24 QoQ (%) (INR crore) Domestic CASA Deposits 4,42,511 4,66,401 5.4 4,34,337 4,66,401 7.4 Savings Deposits Domestic Saving 35% 3,67,400 3,90,014 6.2 3,69,761 3,90,014 5.5 Deposits Domestic Current 75,111 76,
Slide 12: Advances
Advances Particulars % share in Gross Domestic Credit in Mar’24 Mar’23 Mar’24 YoY (%) Dec’23 Mar’24 QoQ (%) (INR crore) Agriculture Retail* 1,78,037 2,14,942 20.7 2,03,627 2,14,942 5.6 15.4% Home Loans* 98,014 1,11,791 14.1 1,06,327 1,11,791 5.1 Auto Loans* 31,261 38,697 23.8 37,080 38,697 4.4 Corpo
Slide 13: Industry-wise Outstanding
Industry-wise Outstanding Mar’23 Mar’24 Rating Profile Particulars (INR crore) Outstanding Share Outstanding Share Infrastructure of which 1,05,934 13.3 1,12,455 12.5 1. Power 49,560 6.2 57,799 6.4 2. Telecom 9,226 1.2 8,429 0.9 3. Roads & Ports 34,656 4.4 33,950 3.8 4. Other Infrastructure 12,493 1
Slide 14: Segment wise breakup & Ratings of NBFC Standard Outstanding
Segment wise breakup & Ratings of NBFC Standard Outstanding NBFC Portfolio by Ownership Rating Profile of NBFCs Standard Outstanding* Particulars Dec’23 Mar’24 14% Outstanding Outstanding 14% % Share % Share (INR crore) (INR crore) Pvt others AAA 96,420 66.67 1,00,849 67.33 39% 38% Backed by Large P
Slide 15: Treasury Operations
Treasury Operations Particulars • Domestic investment book comprises of 72.46% in HTM; 27.31% Mar’23 Dec ’23 Mar’24 in AFS and 0.23% in HFT. (INR crore) • The percentage of Investments in SLR Securities to NDTL as of Domestic Investments 3,52,875 3,58,540 3,56,820 Mar 31, 2024 was at 26.11%. Modifie
Slide 16: Financial Inclusion
Financial Inclusion Total Financial Inclusion Accounts Balance /Avg Balance in FI accounts Zero Balance Accounts (%) (in Lakh) 38,500 34,648 5.22% 5.12% 33,206 4.98% 700 694 674 Mar'23 Dec'23 Mar'24 4,927 4,992 5,503 Market Share* of BOB in PMJDY Accounts (%) 15.30% 15.20% 15.20% Mar'23 Dec'23 Mar'2
Slide 17: Asset Quality
Asset Quality B ad 3iim asler Bank of Baroda 17
Slide 18: Movement of NPAs
Movement of NPAs Particulars Q4 FY23 Q3 FY24 Q4 FY24 FY23 FY24 (INR crore) A. Opening Balance 41,858 33,968 32,318 54,059 36,764 B. Additions 2,744 2,618 3,200 11,150 10,397 Out of which, Fresh Slippages 2,242 2,363 2,855 8,141 9,241 C. Reductions 7,838 4,268 3,683 28,446 15,327 Recovery 1,795 976 1
Slide 19: Sectoral & Industry wise Contribution of NPAs
Sectoral & Industry wise Contribution of NPAs Sector-wise NPA Industry-wise NPA Particulars (INR crore) Q4 FY23 Q3 FY24 Q4 FY24 Particulars (INR crore) Q4 FY23 Q3 FY24 Q4 FY24 Infrastructure of which 837 278 328 Corporate 3,636 2,218 2,371 1. Power 242 3 3 MSME 10,849 10,800 10,956 2. Telecom 2 2 2
Slide 20: Asset Quality: Sectoral Fresh Slippages
Asset Quality : Sectoral Fresh Slippages CRILC o/s SMA1 and SMA 2 (%) Fresh Slippages Particulars (INR crore) Q4 FY23 Q3 FY24 Q4 FY24 FY23 FY24 Corporate 45 299 176 1,123 2,459 MSME 1,220 871 1,138 2,799 2,650 0.32 0.24 Retail 424 553 600 1,231 1,411 0.15 Agriculture 540 532 917 2,100 2,033 Others 9
Slide 21: Exposure to NCLT Accounts
Exposure to NCLT Accounts 45,977 32,749 100.00% 100.00% 100.00% 99.99% 99.99% 6,346 4,594 2,288 RBI 1 List RBI 2 List Accounts filed Accounts filed Total RBI 1 List RBI 2 List Accounts filed Accounts filed Total by BOB at by others at by BOB at by others at NCLT NCLT NCLT NCLT Exposure in INR Crore
Slide 22: Capital Adequacy
Capital Adequacy B ad 3iim asler Bank of Baroda 22
Slide 23: Capital Adequacy
Capital Adequacy 16.24% 16.31% 16.68% 15.84% 15.30% Tier II 2.25% 14.72% 2.24% 2.19% 2.20% 2.11% AT-1 2.05% 1.53% 1.47% 1.75% 1.70% 1.62% 1.56% CET-1 12.24% 11.94% 12.54% 13.02% 11.57% 11.11% Mar'23 Jun'23 Sep'23 Dec'23 Mar'24 Consol Mar'24 Particulars (INR crore) Mar ’23 Dec ’23 Mar’24 Mar’24 (Cons
Slide 24: Sustainability Initiatives
Sustainability Initiatives 24
Slide 25: Sustainability Initiatives 1/3
Sustainability Initiatives….1/3 Sustainable & Social Loans Efficiency & Green Initiatives Bank has executed an MOU with KFW, a Bank has set up rain water harvesting system in multilateral finance agency, under the -177- branches (1.3 MW in total) in rural/semi urban areas are being run on Solar Ener
Slide 26: Sustainability Initiatives 2/3
Sustainability Initiatives….2/3 Glimpses of Social Initiatives Renovation of Iron Bridge to Kadamakudy Island village in ➢ Bank has a ‘Code of Ethics’ which is a landmark initiative for a Public Sector Bank. It follows a collaboration with Indian Navy – Ernakulam stakeholder centric approach and rea
Slide 27: Sustainability Initiatives 3/3
Sustainability Initiatives….3/3 09 Eligible Sectors ➢ Implemented Green Finance Framework in March 2024 for: Renewable Energy ▪ Raising of the Green Deposits and Enabling Energy Efficiency Flow of Credit for the Green Activities. Clean Transportation ▪ Defining of criteria(s) for Channelization of C
Slide 28: Employee Engagement
Employee Engagement Awards ➢ The Bank has always been striving to enhance Employee Engagement ➢ Bank considers its employees as the most valuable assets and has been through various Pro-Employee Initiatives which are crafted based on the inputs continuously undertaking multiple initiatives for ensur
Slide 29: Digital Milestones
Digital Milestones B ad 3iim asler Bank of Baroda 29
Slide 30: Digital Milestones 1/2
Digital Milestones….1/2 48% 21% 60% 94% SGB Sales through New FDs New RDs UPI Remittance Digital (through Digital) (through Digital) Success Rate Mar’ 24 Source: NPCI 74% 2nd 3rd 3rd Credit Card Rank in Debit Card Rank in IMPS Rank in UPI sourced digitally# Issuance Beneficiary remittance Mar’ 24 So
Slide 31: Digital Milestones 2/2
Digital Milestones…2/2 6.71 Million 25% 85% Daily Txns on %FDs/RDs opened % IMPS txns through bob World through bob world bob world (Fin & Non-Fin) 77% 85% 70% Digital Passbook UPI handle % Billpay txns accessed through generated through through bob World bob world bob World 5.66 31% PPF Account Ave
Slide 32: Consolidated Financials
Consolidated Financials B ad 3iim asler Bank of Baroda 32
Slide 33: Subsidiaries and JVs Performance
Subsidiaries and JVs Performance Baroda BNP Paribas Asset IndiaFirst Life Insurance Co. Ltd. BOBCARD Limited Management India Pvt. Ltd. (Subsidiary Holding - 65%) (Subsidiary Holding – 100%) (Subsidiary Holding – 50.1%) ❑ IndiaFirst Life recorded YoY growth of 2.6% on ❑ Number of Cards (Card base) a
Slide 34: Subsidiaries and JVs Performance
Subsidiaries and JVs Performance India Infradebt Limited Baroda Global Shared Services Limited BOB Capital Markets Limited (Joint Venture of 40.99%) (Subsidiary Holding – 100%) (Subsidiary Holding – 100%) ❑ Total disbursed amount aggregates to INR. 7,871 ❑ BGSSL total income grew by 37% YoY in FY24
Slide 35: Overseas Subsidiaries Performance
Overseas Subsidiaries Performance Bank of Baroda (Uganda) Ltd. Bank of Baroda (Kenya) Ltd. Bank of Baroda (UK) Ltd. (Subsidiary Holding – 80%) (Subsidiary Holding – 86.7%) (Subsidiary Holding – 100%) ❑ Total Deposits stands at INR 4,454.87 crore as at ❑ Total Deposits stands at INR 9,047.34 crore as
Slide 36: Balance Sheet and PL – Consolidated
Balance Sheet and PL– Consolidated Particulars Particulars Mar’23 Dec ’23 Mar ’24 FY23 FY24 YOY (%) (INR crore) (INR crore) CAPITAL & LIABILITIES Net Interest Income 44,560 48,480 8.8 Capital 1,036 1,036 1,036 Share Application Money Pending Non-Interest Income 16,276 23,399 43.8 0 0 0 Allotment Tot
Slide 37: 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 (
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