Q4 FY 13. Investor Information

Transcription

1 Q4 FY 13 Investor Information

2 Key Messages : FY 13 Retail Advance grew by 25.47% (12.58%) SME Advance grew by 22.44% (9.49%) Retail & SME Customer base increased by 79.8% in 12 months (32.90%) Other Income increased by 24.81% (3.00%) Average CASA increased by 23.49% (21.52%) Footprint expanded by 153 branches (207 br.) Net NPA at 0.98% (0.53%) Net Interest Margin at 3.37% (3.79%) WoS FedFina turned profitable (Rs 14 Cr) 2

3 Key Ratios FY 10 FY 11 FY 12 FY 13 Profitability Measure ROA Shareholder Value Measure ROE Efficiency Measure Cost/Income Risk Appetite Measure Net NPA%

4 Strategic Focus Growth with Quality Retail Agriculture SME Customer Deposits NRI Savings Bank Current Accounts NRI SME Agriculture Gold Risk based NIM Fee Income Wholesale Banking SME Assets Liability Strategic Segments Revenue Growth Centralization Business Analytics Efficiency Independence in Sourcing & underwriting Dedicated Collection Team Basel II & RAROC Risk Management Look & Feel Extensive branding outside Kerala Identified 5 Potential States for SME & Agriculture Branding & Network Expansion Skill Build Employee Engagement Recruitment Reward Management HR 4

5 Shareholders Value FY 10 FY 11 FY 12 FY 13 RETURN ON ASSETS (%) FY 10 FY 11 FY 12 FY 13 RETURN ON EQUITY (%) FY 10 FY 11 FY 12 FY 13 EARNINGS PER SHARE FY 10 FY 11 FY 12 FY 13 BOOK VALUE PER SHARE 5

6 Shareholders Value Q4 FY 12 Q3 FY 13 Q4 FY 13 RETURN ON ASSETS (%) Q4 FY 12 Q3 FY 13 Q4 FY 13 RETURN ON EQUITY (%) Q4 FY 12 Q3 FY 13 Q4 FY 13 EARNINGS PER SHARE Q4 FY 12 Q3 FY 13 Q4 FY 13 BOOK VALUE PER SHARE 6

7 Profitability Net Profit Q1 Q2 Q3 Q4 Rs in Cr Operating Profit FY 10 FY 11 FY 12 FY 13 FY 10 FY 11 FY 12 FY 13 7

8 Growth in Customer Business Gross Advance FY 12 FY 13 Y-o-Y Retail % Growth % FY 12 FY % 22.44% 28% Rs in Cr SME & Agri % Corporate % Total % 13% 9% 7.50% FY 12 FY 13 Y-o-Y Retail Customer Deposit Retail SME & Agri LCD Savings Current CASA Avg CASA A/c Opened - Fresh Customers FY 12 FY 13 Y-o-Y AGRI % LCD % RBD % SME % Fresh Customer Acquisition Mar-12 Mar-13 Agri Loans Corporate Loans Retail Loans SME & Agri Loans Current Accounts Savings Accounts

9 Robust Growth in Customer Deposit FY 10 FY 11 FY 12 FY 13 Rs in Cr Savings Deposit Demand Deposit Other Retail Deposit Total Deposit 9

10 Improving Deposit Mix Deposit Mix CASA Rs in Cr Resident Retail TD High Value CASA NRI TD Savings Current FY 10 FY 11 FY 12 FY 13 FY 10 FY 11 FY 12 FY 13 10

11 Quality Growth in Credit Rs in Cr Retail Adv SME & Agri Adv Corporate Adv Retail Adv SME & Agri Corporate Adv Q4 FY % 40% 39% 44% 46% Q4 FY 12 30% 30% 30% 28% 27% % 28% 31% 30% 28% FY 10 FY 11 FY 12 FY 13 11

12 Risk Adjusted Yield: Business wise SME Retail FY 08 FY 09 FY 10 FY 11 FY 12 FY 13 gr_yld net_yld_yr FY 08 FY 09 FY 10 FY 11 FY 12 FY 13 Agri LCD FY 08 FY 09 FY 10 FY 11 FY 12 FY 13 FY 08 FY 09 FY 10 FY 11 FY 12 FY 13 12

13 Improving Asset Quality: Focus Segments Fresh Slippage / Total Advance SME 0.60 RETAIL Q4 FY 11 Q1 FY 12 Q2 FY 12 Q3 FY 12 Q4 FY 12 Q1 FY 13 Q2 FY 13 Q3 FY 13 Q4 FY 13 Q4 FY 11 Q1 FY 12 Q2 FY 12 Q3 FY 12 Q4 FY 12 Q1 FY 13 Q2 FY 13 Q3 FY 13 Q4 FY 13 13

14 Sustained Reduction in Slippages Gross NPA Net NPA % Rs in Cr Fresh Accretion Q4 FY 12 Q1FY 13 Q2 FY 13 Q3 FY 13 Q4 FY 13 Retail SME & Agri Corporate RESTRUCTURED ADVANCE Q4 FY 13 Q3 FY 13 No. Amount No. Amount Standard Sub-standard Q4 FY 12 Q1 FY 13 Q2 FY 13 Q3 FY 13 Q4 FY 13 TOTAL Provision Coverage Ratio (Including Technically Written Off) at

15 Credit Portfolio Retail Loan Book Rs in Cr Corporate Portfolio Housing & Mortgage Gold Others SERVICE, 1034 REAL ESTATE, 486 NBFC / FINANCE, INFRA-OTH, 257 MINING, 32 Others, MACHINERY, 335 MANUFACTURIN G, 3377 TEXTILE, TELECOM, 1 IRON & STEEL, 1288 POWER, ROAD & PORT, 1108 HOTEL, 151 TRADERS, 2957 AGRICULTURE, 38 CONSTRUCTION, 436 TRANSPORT, 680 Q1 FY 13 Q2 FY 13 Q3 FY 13 Q4 FY 13 15

16 Expanding Footprint STATE Opened up to FY 12 FY13 Opened up to Q4 FY 13 Andhra Pradesh Assam Bihar Chandigarh 3 3 Chattisgarh 3 3 Dadra & Nagar Haveli Daman & Diu Goa 6 6 Gujarat Haryana Jammu & Kashmir 1 1 Jharkhand 8 8 Karnataka Kerala Madhya Pradesh 3 3 Maharashtra Meghalaya 2 2 Mizoram 1 1 Nagaland New Delhi Orissa Puducherry 2 2 Punjab Rajasthan 7 7 Tamil Nadu Uttar Pradesh Uttarakhand 1 1 West Bengal Tripura Total No of Branches No of ATMs FY 10 FY 11 FY 12 FY 13 16

17 Performance Highlights FY 13 V/S FY 12 Net Profit at Rs Cr (up by 7.9%) Other Income gone up to Rs Cr(up by 24.81%) Total income increased to Rs Cr(up by 12.17%) Operating profit at Rs Cr( -3.11%) NIM at 3.37% (3.79%) EPS at Rs 49.00(45.41) Net NPA at 0.98% (0.53%) BV per Share at Rs (Rs ) ROE at 14.03% (14.37%) ROA at 1.35%(1.41%) Cost to Income at 44.69% (39.4%) Capital Adequacy Ratio at 14.73% (16.64%) 17

18 Performance Highlights Q4 FY 13 V/S Q4 FY 12 Net Profit at Rs Cr (-6.59%) Other Income gone up to Rs Cr(up by 22.61%) Total income increased to Rs Cr(up by 8.58%) Operating profit at Rs Cr( -0.79%) NIM at 3.07% (3.56%) EPS at Rs 51.90(55.56) Net NPA at 0.98% (0.53%) BV per Share at Rs (Rs ) ROE at % (16.74%) ROA at 1.33% (1.64%) Cost to Income at 45.39% (42.86%) Capital Adequacy Ratio at 14.73% (16.64%) 18

19 Balance Sheet FY 12 FY 13 LIABILITIES Capital Reserves & Surplus Deposits Borrowings Other Liabilities & Provisions TOTAL ASSETS Cash & Balance with RBI Balances with Banks, Money at Call Investments Advances Fixed Assets Other Assets TOTAL Rs in Cr 19

20 Key Financials Rs in Cr Q3 FY13 Q4 FY13 Q-o-Q FY 12 FY 13 Y-o-Y Interest Income % % Interest Expenses % % Net Interest Income % % Other Income % % Total Income % % Total Expenditure % % Operating Profit % % Net Profit % % Net Interest Margin (%) % % Cost to Income Ratio (%) % % 20

21 Treasury Portfolio Rs in Cr FY 12 FY 13 Y-o-Y % HFT % AFS % HFT+AFS % HTM % Total Investments % SLR % Non-SLR % 21

22 Key Indicators (%) FY 12 FY 13 Yield on Advance Cost of Deposit Yield on Investments (Excl Trading Gain ) Cost Income Ratio Net Interest Margin Risk Adjusted NIM

23 Other Income Other Income Rs in Cr FY 12 FY 13 Y-o-Y % * Exchange, Commission & Brokerage Income % Other Fee Income % Net Profit on Forex Transactions % Profit on sale of securities % Recovery from assets written off % Q4 FY 12 Q1 FY 13 Q2 FY 13 Q3 FY 13 Q4 FY 13 Fee Income Other Receipts % Total Other Income % Q4 FY 12 Q1 FY 13 Q2 FY 13 Q3 FY 13 Q4 FY 13 23

24 Provisions & Expenses PROVISIONS OPERATING EXPENSES Rs in Cr FY 12 FY 13 FY 12 FY 13 Y-o-Y % Investment Depreciation Staff expense % Loan Losses Depreciation % Other Purpose Tax Others % TOTAL TOTAL % 24

25 Business Distribution Total Advances Q4 FY 13 Fresh Customer Accounts FY 12 FY In 00s 38% 37% 62% 38% 63% 36% 62% 36% Q4 FY 12 64% 64% Outside Kerala Kerala Q4 FY 13 SME & Agri Retail Advances Current Account Corporate Savings Account Rs in Cr 53% 56% 55% 53% 51% Q4 FY 12 47% 44% 45% 47% 49% DEPOSITS ADVANCES Total Deposits Q4 FY 12 Q1 FY 13 Q2 FY 13 Q3 FY 13 Q4 FY 13 25

26 Awards, Accolades & Recognitions Best Bank for CRM & Business Intelligence initiatives Best Bank award for mobile banking and electronic payments for small category Banks Govt. of Kerala Recognition for providing banking channel in all villages allotted to the Bank for implementing Financial Inclusion program Excellence in In-house Magazine Bank`s Aadhaar (UID) Based Authentication for Payments Visa Money Transfer using Visa Debit Cards Innovative Cost Management Measures Global CSR Award for Best Corporate Social Responsibility practice overall Golden Peacock Award for Best Corporate Social Responsibility (CSR) Initiatives 26

27 External Ratings Fixed Deposit Certificate of Deposit A1+ Bonds AA- (Ind) Bonds AA The Fixed Deposits and Certificates of Deposits enjoy the highest rating in that class Bonds have been a rating, which are considered to offer high safety and carrying very low credit risk 27

28 Subsidiaries & JVs IDBI Federal Life Insurance Co. Ltd. Bank s Joint Venture Life Insurance Company, in association with IDBI Bank and Ageas Federal Bank holds 26% equity in the J.V. Started selling life insurance products from March 2008 FedBank Financial Services Ltd. Fully owned subsidiary of the Bank with NBFC license Marketing Retail Asset Products of the Bank Retail Hubs established at major centres all over India Separate mechanism established for speedy and dedicated processing of retail loans sourced through this channel UAE Representative Office Representative Office at Abu Dhabi, established in 2008 Gateway of the Bank to the whole of Middle East Increased the reach of the Bank among Non-Resident Indians in the Gulf countries 28

29 Investments/ Share Holding Major Investments Share Holding Pattern Entity % Equity Fedbank Financial Services Limited % 23% IDBI Federal Life Insurance Company of India Limited 26.00% 46% 10% Credit Analysis and Research Limited 4.15% United Stock Exchange of India Limited 5.83% 16% 5% Experian Credit and Information Company of India Limited 5.00% FIIs FIs/Banks Mutual Funds Corporates Others 29

30 Thank You 30