INVESTOR PRESENTATION FY 2010-11 Second Quarter Results as on 30.09.2010
PERFORMANCE HIGHLIGHTS (Q2 FY 2011 vs Q2 FY 2010) Net Interest Income up by 32.86 % from Rs.329.95 Cr to Rs.438.37 Cr Operating Profit up by 26.95 % from Rs.303.24 Cr to Rs.384.98 Cr Net Profit up by 38.91 % from Rs.101.07 Cr to Rs.140.40 Cr Net NPA at 0.68 % CRAR at 17.23 % Return on Average Total Assets up from 1.04 % to 1.34 % Cost to Income Ratio at 33.90 % Total Business up by 7.66 % to Rs.63751.59 Cr
KEY FINANCIALS 3 Months Performance (Rs. in Cr.) Q 2 Sept 2010 Q 2 Sept 2009 Y-o-y growth Interest Income 978.34 901.07 8.58 % Interest Expenses 539.97 571.12 (-) 5.45 % Net Interest Income 438.37 329.95 32.86 % Other Income 144.04 136.43 5.57 % Total Income 1122.38 1037.50 8.18 % Total Expenditure 737.40 734.26 0.43 % Operating Profit 384.98 303.24 26.95 % Net Profit 140.40 101.07 38.91 % Net Interest Margin 4.44 % 3.70 % Cost to Income Ratio 33.90 % 34.98 %
KEY FINANCIALS 6 Months Performance (Rs. in Cr.) H 1 Sept 2010 H 1 Sept 2009 Y-o-y growth (%) Interest Income 1930.13 1775.45 8.71 % Interest Expenses 1078.44 1155.42 (-) 6.66 % Net Interest Income 851.69 620.03 37.36 % Other Income 253.93 283.84 (-) 10.54 % Total Income 2184.06 2059.29 6.06 % Total Expenditure 1463.74 1477.77 (-) 0.95 % Operating Profit 720.32 581.52 23.87 % Net Profit 272.26 237.45 14.66 % Net Interest Margin 4.30 % 3.51 % Cost to Income Ratio 34.85 % 35.66 %
BALANCE SHEET As at 30 th Sept 2010 30 th Sept 2009 (Rs. in Cr.) LIABILITIES Capital 171.03 171.03 Reserves & Surplus 4791.68 4392.30 Deposits 36115.96 33439.21 Borrowings 1462.23 941.46 Other Liabilities & Provisions 1579.46 1611.41 TOTAL 44120.36 40555.41 ASSETS Cash & Balance with RBI 2558.33 1955.06 Bal. with banks & money at call 356.63 197.10 Investments 12506.65 11744.13 Advances 27635.64 25779.02 Fixed Assets 283.32 277.34 Other Assets 779.79 602.76 TOTAL 44120.36 40555.41
GROWTH IN INCOME & PROFIT (Rs. in Cr.) 3 months (Q2 FY 11 vs Q2 FY 10) 1037.5 1122.38 6 months (H1 FY 11 vs H1 FY 10) 2184.06 2059.29 303.24 384.98 329.95 438.37 581.52 720.32 620.03 851.69 101.07 140.4 136.43 144.04 237.45 272.26 283.84 253.93 Net Profit Operat.Profit Other Income Net. Int. Income Total Income Net Profit Operat.Profit Other Income Net. Int. Income Total Income FY 2009-10 FY 2010-11 FY 2009-10 FY 2010-11
GROWTH IN DEPOSITS CASA constitutes over 38 % of our Retail Deposits 2008 2009 2010 30.9.09 30.9.10 (Rs. in Cr.) Savings Deposits 5037 6445 7611 7013 8596 Demand Deposits 1464 1443 1831 1608 2025 Other Deposits 19412 24310 26616 24818 25495 Total Deposits 25913 32198 36058 33439 36116 Constitution of Total Deposits (30.09.2009) (30.09.2010) 22.0% 19.4% 53.0% 25.0% 51.6% 29.0% Term Deposits CASA Cert. of Deposits + Deposits of 1 Cr and above
Growth in Retail Deposits 28 % of our Retail Deposits are from the NRI segment 25436 27413 (Rs. in Cr.) 7.8 % 7013 8595 5520 5549 7125 7672 22 % 0.5 % 7.7 % Savings Bank NRE Deposits NRI (incl. ONR) Retail Deposits Sept 2009 Sept 2010
GROWTH IN ADVANCES 2007 2008 2009 2010 30.9.2010 Gross Advances 15277 19327 22907 27634 28535 Large Corporate Advances 4958 6763 8474 10523 10727 S M E Advances 6099 6955 7382 8497 8930 Retail Loans 4220 5609 7051 8614 8878 (Rs. in Cr.) Large Corporate Advance refer to advances of Rs.25 Crore and above SME 31.3% Large Corporate 37.6% Retail 31.1%
RETAIL ASSETS Retail Assets constitute 31% of the Bank s gross advances as on 30.09.2010 Product-wise composition of Retail Assets as at 30.09.2010 3% 0.7% 6.6% 5.7% 7.5% 4% 5% 10.5% 57.0% Housing Loans Gold Loans Home Overdraft Mortgage Loan AAS / AAD Car Loan Educational Loan Personal Loan Others Housing Loans form 57 % of Retail Assets Advance against approved securities/deposits form 7.5 % of Retail Assets Gold Loans contribute another 10.5 % Personal Loans account for 0.7 % of Retail Assets
TOP 10 INDUSTRIAL EXPOSURES No. 1 2 3 4 5 6 7 8 9 10 as on 30.09.2010 Sector Power (Infrastructure) Iron & Steel Telecommunications (Infrastructure) Roads & Ports (Infrastructure) Food Processing Chemicals, Dyes, Paints, Fertilizers, etc. Cotton Textiles Engineering incl. electronics Paper & paper products Rubber and rubber products (Rs. in Cr.) Balance outstanding 2121.99 892.84 791.37 629.62 575.76 525.42 403.99 335.53 207.04 195.65
TREASURY OPERATIONS Profit from various segments (Q2 FY 2011 vs Q2 FY 2010) (Rs. in Cr.) 10.86 11.25 11.98 11.76 9.09 7.38 1.96 0.48 0.31 0.95 0 0.26 Forex Money Mkt G Sec Equity Derivatives MF & others Sep-09 Sep-10
TREASURY PORTFOLIO Mar 09 Mar 10 30.9.09 30.9.10 (Rs. in Cr.) HFT 905 800 1298 554 AFS 4771 2885 2354 2890 HFT + AFS 5676 3685 3652 3444 HTM 6571 9382 8122 9372 Total Investments 12247 13067 11774 12816 of which SLR 8164 9294 8602 10355 Non-SLR 4083 3773 3172 2461 IFR 190 190 190 190 HFT 4.32% AFS 22.55% HTM 73.13% Constitution of Investments as on 30.09.2010
NPA MOVEMENT (Rs. in Cr.) 1094.51 789.18 820.97 137.93 128.79 186.29 Q2 FY 10 Q4 FY 10 Q2 FY 11 Gross NPA Net NPA Provision Coverage Ratio Q2 FY 10 Q4 FY 10 Q2 FY 11 81.73 % 83.37 % 82.19 %
Restructured Advances During the period from 01.07.2010 to 30.09.2010 Standard Sub-standard TOTAL No. 33 4 37 Amount (Rs. in Crores) 98.79 3.83 102.62
PROVISIONS (Rs. in Cr.) 12 months ended 3 months ended 3 months ended Mar 2010 Sept 2010 Sept 2009 Investment Losses - 97.74 7.71-26.62 Loan Losses 413.11 142.98 158.76 Other purposes 89.93 19.57 18.00 Tax 395.00 74.32 52.03 TOTAL PROVISIONS 800.30 244.58 202.17
MOVEMENT OF MARGINS FY 2009-10 Sept 09 Sept 10 (12 months) (3 months) (3 months) Yield on Advance 11.30 % 11.57 % 11.21 % Cost of Deposits 6.55 % 6.83 % 5.88 % Interest Spread 4.75 % 4.74 % 5.33 % Yield on Investments 6.84 % 6.88 % 7.04 % Net Interest Margin 3.82 % 3.70 % 4.44 % Cost to Income Ratio 34.86 % 34.98 % 33.90 %
CHANNELS OF DELIVERY As on 30.09.2010 Corporate Office Regional Offices 13 Branches ATMs Regions Representative Office (Overseas) 719 761 13 01 General Branches 694 Service Branches 16 Asset Recovery 4 Specialised Branches 5 Currency Chest 2
BRANCH DISTRIBUTION State No. ANDHRA PRADESH 25 ASSAM 6 BIHAR 1 CHANDIGARH 1 CHATTISGARH 2 GOA 4 GUJARAT 8 HARYANA 8 JHARKHAND 5 KARNATAKA 49 KERALA 435 M ADHYA PRADESH 3 M AHARASHTRA 64 M EGHALAYA 1 NAGALAND 1 NEW DELHI 17 ORISSA 3 PONDICHERRY 2 PUNJAB 6 RAJASTHAN 3 TAM ILNADU 47 UTTAR PRADESH 10 UTTARANCHAL 1 WEST BENGAL 17 Total 719 No. of Branches Metro 109 Urban 160 Semi urban 330 Rural 120 TOTAL 719 No. of Extn. Counters Metro 2 Urban 1 Semi urban 2 Rural 1 TOTAL 6 No. of ATMs Metro 107 Urban 218 Semi urban 353 Rural 83 TOTAL 761 (as on 30.09.2010)
BUSINESS DISTRIBUTION As on 30.09.2010 DEPOSITS ADVANCES 49% 51% 58% 42% Kerala O utside Kerala Kerala Outside Kerala
OPERATING EXPENSES (Q2 FY 2011 vs Q2 FY 2010) (Rs. in Cr.) Salary Rent, Taxes & Lighting Printing & Stationery Postage Repairs Depreciation Advertisement Insurance Others Total Sept 09 89.75 18.48 2.01 3.31 4.86 10.82 3.15 7.76 23.00 163.14 Sept 10 120.78 19.10 2.48 3.76 4.77 8.52 1.86 8.86 27.30 197.43
OTHER INCOME (Q2 FY 2011 vs Q2 FY 2010) (Rs. in Cr.) Exchange, Commission & Brokerage Income Other Fee Income Forex Transactions Profit on sale of securities Recovery from assets written off Other Receipts Total Sept 09 28.63 32.92 12.61 28.93 28.06 5.28 136.43 Sept 10 29.06 34.67 13.77 14.11 46.81 5.62 144.04
KEY RATIOS (all values pertain to quarters) 11.09 11.48 8.99 1.23 1.34 1.04 Sept 09 June 10 Sept 10 RETURN ON EQUITY (%) Sept 09 June 10 Sept 10 RETURN ON ASSETS (%) 30.84 32.83 265.2 281.95 290.16 23.64 Sept 09 June 10 Sept 10 EARNINGS PER SHARE (Rs.) Sept 09 June 10 Sept 10 BOOK VALUE PER SHARE (Rs.)
KEY RATIOS 7.00 6.96 (all values pertain to quarters) 775 777 788 5.30 Sept 09 June 10 Sept 10 Profit Per Employee (Rs. Lakh) Sept 09 June 10 Sept 10 Business Per Employee (Rs. Lakh) 0.16 0.19 0.20 92.2 87.9 88.8 Sept 09 June 10 Sept 10 Sept 09 June 10 Sept 10 Profit Per Branch (Rs. Crore) Business Per Branch (Rs. Crore)
OUR RATINGS Instrument Agency Rating Fixed Deposits Certificate of Deposit Bonds CRISIL CRISIL FITCH P1+ P1+ AA- (ind) Bonds CARE AA
Subsidiaries & Joint Ventures 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, Capital of U.A.E., 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
OWNERSHIP Shareholding pattern as on 30.09.2010 F I I 37% Corporate Bodies 14% GDR 2% Financial Institutions, Banks, etc. 8% Foreign Corporate Bodies 5% Mutual Funds 16% Individuals 18%
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