Performance
Analysis
Q1-FY2024-25
22.07.2024
1
INDEX
VISION MISSION STATEMENT | ---------- | 3 |
PERFORMANCE HIGHLIGHTS | ---------- | 4 |
FINANCIAL PERFORMANCE | ---------- | 6 |
BUSINESS PERFORMANCE | ---------- | 13 |
NPA MANAGEMENT | ---------- | 21 |
CAPITAL ADEQUACY | ---------- | 24 |
FINANCIAL INCLUSION | ---------- | 26 |
DIGITAL INITIATIVES | ---------- | 32 |
CUSTOMER TOUCH POINT | ---------- | 40 |
SHARE HOLDING PATTERN | ---------- | 42 |
ASSETS & LIABILITIES | ---------- | 44 |
ESG INITIATIVES | ---------- | 45 |
ACCOLADES & AWARDS | ……….. | 49 |
2
Performance Analysis Q1-FY25
VISION MISSION STATEMENT
Shri M Ct M Chidambaram Chettyar
IOB Founder Chairman
Performance Analysis Q1-FY25
PERFORMANCE HIGHLIGHTS
BUSINESS GROWTH
(Rs. In Crores) | ||||||
Parameters | Quarter Ending | Y-O-Y ( %) | ||||
Jun-23 | Jun-24 | |||||
CASA | 116694 | 125947 | 7.93% | |||
BUSINESS GROWTH | CASA% | 44.14% | 42.17% | (197 bps) | ||
Total Deposits | 264401 | 298681 | 12.97% | |||
Home Loan | 24791 | 28788 | 16.12% | |||
Jewel Loan | 38837 | 52907 | 36.23% | |||
Advances | 191263 | 230092 | 20.30% | |||
Business | 455664 | 528773 | 16.04% |
PROFITABILITY
Profitablity
(Rs. In Crores) | ||||||
Quarter Ending | Y-o-Y ( %) | |||||
Parameters | Jun-23 | Jun-24 | ||||
Net Interest Income | 2323 | 2441 | 5.08% | |||
Net Interest Margin | 3.21% | 3.06% | (15 bps) | |||
Operating Expenses | 1781 | 1798 | 1.02% | |||
Operating Profit | 1345 | 1676 | 24.60% | 4 | ||
Net Profit | 500 | 633 | 26.47% | |||
Performance Analysis Q1-FY25
PERFORMANCE HIGHLIGHTS
ASSET QUALITY
(Rs. In Crores) | |||||||
Parameters | Quarter Ending | Y-o-Y (%) | |||||
Jun-23 | Jun-24 | ||||||
QUALITY | Gross NPA | 13629 | 6649 | -51.22% | |||
Net NPA | 2590 | 1154 | -55.46% | ||||
ASSET | GNPA% | 7.13% | 2.89% | (424 bps) | |||
NNPA% | 1.44% | 0.51% | (93 bps) | ||||
STRENGTHENING FINANCIAL INDICATORS
(Rs. In Crores)
STRENGTHENING FINANCIAL INDICATORS
Parameters | Quarter Ending | Y-o-Y ( %) | |
Jun-23 | Jun-24 | ||
PCR | 94.03% | 96.96% | 293 bps |
CRAR | 16.56% | 17.82% | 126 bps |
ROA | 0.62% | 0.70% | 8 bps |
ROE | 13.44% | 14.10% | 66 bps |
5
Performance Analysis Q1-FY25
FINANCIAL PERFORMANCE
(Rs. In Crores)
Quarter Ending | |||
Particulars | Jun-23 | Mar-24 | Jun-24 |
Interest Income | 5424 | 6629 | 6535 |
Interest Expenses | 3102 | 3866 | 4094 |
Net Interest Income | 2323 | 2763 | 2441 |
Non Interest Income | 803 | 2477 | 1033 |
Operating Income | 3125 | 5240 | 3474 |
Operating Expenses | 1780 | 3279 | 1798 |
Operating Profit | 1345 | 1961 | 1676 |
Total Provisions | 838 | 768 | 938 |
Tax expenses | 7 | 385 | 105 |
Net Profit/Loss | 500 | 808 | 633 |
Growth % | |
Q-o-Q | Y-o-Y |
-1.42% | 20.48% |
5.90% | 31.98% |
-11.65% | 5.13% |
-58.30% | 28.64% |
-33.70% | 11.17% |
-45.16% | 1.02% |
-14.54% | 24.60% |
22.17% | 11.92% |
-72.71% | 1400.37% |
-21.68% | 26.56% |
6
Performance Analysis Q1-FY25
TOTAL INCOME
(Rs. In Crores)
Quarter Ending | |||
Particulars | Jun-23 | Mar-24 | Jun-24 |
Interest on Loans | 3913 | 4760 | 4830 |
Interest on Investment | 1427 | 1539 | 1660 |
Other Interest Income | 84 | 330 | 45 |
Total Interest Income | 5424 | 6629 | 6535 |
Exchange & Commission | 275 | 410 | 316 |
Profit / Loss on Sale of Investments | 23 | 180 | 222 |
(Net of Revaluation) | |||
Profit on Exchange | 75 | 36 | 27 |
Recovery from technical Written | 407 | 908 | 308 |
of Account | |||
All other Income | 23 | 943 | 160 |
Total Non Interest Income | 803 | 2477 | 1033 |
Total Income | 6227 | 9106 | 7568 |
Growth % | |
Q-o-Q | Y-o-Y |
1.48% | 23.44% |
7.84% | 16.31% |
-86.38% | -46.48% |
-1.42% | 20.48% |
-23.01% | 14.79% |
23.50% | 874.99% |
-24.87% | -63.94% |
-66.10% | -24.34% |
-83.03% | 589.71% |
-58.30% | 28.64% |
-16.89% | 21.54% |
7
Performance Analysis Q1-FY25
FEE BASED INCOME
(Rs. In Crores)
Quarter Ending | Growth % | |||||
Particulars | Jun-23 | Mar-24 | Jun-24 | Q-o-Q | Y-o-Y | |
A.Exchange & Commission | 59 | 140 | 122 | -12.85% | 106.31% | |
B.Income from Non Fund Based | 46 | 46 | 39 | -15.35% | -14.97% | |
Business | ||||||
C.Processing charges | 95 | 138 | 80 | -41.80% | -15.65% | |
D.ATM/DBD Related Income | 95 | 122 | 94 | -23.14% | -1.36% | |
E.Marketing/FI/Govt Business | 13 | 21 | 19 | -12.32% | 42.53% | |
F.Miscellaneous Income | 30 | 78 | 92 | 19.24% | 208.04% | |
FEE BASED INCOME | 338 | 544 | 446 | -18.10% | 31.84% | |
(A+B+C+D+E+F) | ||||||
Overseas | 20 | 25 | 15 | -36.47% | -20.48% | |
Fee Based Income - Global | 358 | 569 | 461 | -18.90% | 28.97% | |
8 | ||||||
Performance Analysis Q1-FY25 |
TOTAL EXPENSES
(Rs. In Crores)
Quarter Ending | ||||
Particulars | ||||
Jun-23 | Mar-24 | Jun-24 | ||
Interest on Deposits | 2846 | 3337 | 3588 | |
Interest on Borrowings | 256 | 529 | 506 | |
Total Interest Expenses | 3102 | 3866 | 4094 | |
Staff Expenses | 1215 | 2517 | 1124 | |
Other Expenses | 565 | 762 | 674 | |
Operating Expenses | 1780 | 3279 | 1798 | |
Total Expenses | 4882 | 7145 | 5892 | |
Growth %
Q-o-Q | Y-o-Y |
7.53% | 26.08% |
-4.39% | 97.57% |
5.90% | 31.98% |
-55.33% | -7.45% |
-11.58% | 19.25% |
-45.16% | 1.02% |
-17.53% | 20.69% |
9
Performance Analysis Q1-FY25
PROFIT PARAMETER
(Rs. In Crores) | ||||||||
Quarter Ending | Growth % | |||||||
Particulars | Jun-23 | Mar-24 | Jun-24 | Q-o-Q | Y-o-Y | |||
Operating Profit | 1345 | 1961 | 1676 | -14.54% | 24.60% | |||
Provisions | 838 | 768 | 938 | 22.17% | 11.92% | |||
of which NPA Provisions | 809 | 409 | 164 | -59.92% | -79.74% | |||
Other Provisions | 29 | 359 | 774 | 115.80% | 2569.73% | |||
Tax Expenses | 7 | 385 | 105 | -72.71% | 1400.37% | |||
Net Profit | 500 | 808 | 633 | -21.68% | 26.56% |
1961 | 1676 | |||
1345 | ||||
938 | ||||
838 | 768 | 808 | ||
500 | 633 | |||
Jun-23 | Mar-24 | Jun-24 | |||||
Operating Profit | Provisions | Net Profit | |||||
10
Performance Analysis Q1-FY25