Experience Next Generation Banking Investor Presentation October - 2016
Safe Harbor 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 such information or opinions contained herein. The information contained in this presentation is only current as of its date. Certain statements made in this presentation may not be based on historical information or facts and may be forward looking statements, including those relating to the Company s general business plans and strategy, its future financial condition and growth prospects, and future developments in its industry and its competitive and regulatory environment. Actual results may differ materially from these forward-looking statements due to a number of factors, including future changes or developments in the Company s business, its competitive environment and political, economic, legal and social conditions in India. This communication is for general information purpose only, without regard to specific objectives, financial situations and needs of any particular person. This presentation does not constitute an offer or invitation to purchase or subscribe for any shares in the Company and neither any part of it shall form the basis of or be relied upon in connection with any contract or commitment whatsoever. The Company may alter, modify or otherwise change in any manner the content of this presentation, without obligation to notify any person of such revision or changes. This presentation can not be copied and/or disseminated in any manner. 2
Contents Q2 FY17 Highlights Business Strategy Performance Matrix Next Generation Bank An Inflection Point About Us 3
Q2 FY17 Highlights 4
Achieving New Heights South Indian Bank Achieves New Milestone One Lakh Crore Business 5
UPI Integration Ahead of the Curve Single Application for accessing different bank accounts Use of Virtual ID is more secure as no credential sharing required No risk of storing customer s virtual address like in Cards Secured with two Factor Authentication SIB M-Pay (UPI Pay) is one of the first Mobile Banking Applications to be powered with UPI Service 6
Recent Awards South Indian Bank wins IDRBT Best Bank Award for Electronic Payment 7
Key Performance Highlights- Q2 FY17 Rs in Crores Q2 FY17 Q2 FY16 Growth Net Total Income 591.1 509.0 16.1% EBIDTA Deposits 60,192 17 53,036 41 13.5% 26% Advances 43,548 39,556 10.1% CASA 13,698 12,072 13.5% PAT 110.5 93.0 18.8% 8
Business Strategy 9
Our Strategy Expand Retail Business Focus on retail loan products Efficient branches for faster processing of loans Continuous training of work force Invest in Brand Building Strengthen SME Base Cluster based approach in industry hubs Sole Banker to SMEs for all banking needs Dedicated vertical to penetrate SME banking Improve CASA Strategy & Road map in place to increase CASA funds Centralized processes allowing branches to focus on garnering low cost funds Enhance Asset Quality Improve share of other Income Granulize loan portfolio to spread out risk Cautious approach on large corporate lending Special recovery cell for monitoring non performing and restructured assets Focus on increasing banking services for SME, Retail & NRI clients Enhance treasury capabilities & increase branch strength Expand PoS & ATM Network 10
Performance in Line with Strategy Expand Retail Business (Excl. Gold) Rs. 25,797 Crs INCREASE 19% YoY Strengthen SME Base Rs. 10,430 Crs INCREASE 19% YoY Improve CASA Rs. 13,698 Crs INCREASE 13% YoY Enhance Asset Quality (Restructured Book) Rs. 1,293 Crs Improve share of other Income Rs. 146 Crs DECREASE 44% YoY INCREASE 21% YoY 11
Shall continue to focus on Core Strengths 01 Increase CASA 02 Retail Business More Products 03 SME Business Sole Banker Retail Relationships SME Relationships 06 Sustainable Asset Quality 05 Increase Fee Income 04 Improve NIM 12
...Increase Retail & SME Business 01 02 03 Centralized Marketing & Processing Centre (Kochi) Retail Hub Home Loan Auto Loan MSME Loan LAP Cluster Branches Loan Processing Enhanced risk management KYC compliance and fraud prevention tools Retail Business Penetrate further in the existing set of Customers Faster Sanctions Branch Profitability Focus on particular geographies and open additional branches Improve Branch Profitability 13
by focus on Housing Loans in Retail Retail Breakup Housing: Key Initiatives 9,250 9,382 1,008 1,057 858 872 1,801 1,998 10,093 10,002 10,358 1,049 1,063 1,094 973 925 1,094 2,521 2,410 2,446 Retail hub in Kochi to increase focus on housing finance Two more hubs to be set up one in South India and one in North India Branch staff being given specific training to market mortgage loans Marketing initiative through TVCs 1,559 1,501 1,564 1,510 1,535 1,655 1,455 1,371 1,417 1,432 2,369 2,499 2,614 2,677 2,756 Tailor made products for different segments July to Sept 2016 Housing Loans Sanctioned : 857 Nos. Sep-15 Dec-15 Mar-16 Jun-16 Sep-16 Amount of Housing Loans Sanctioned 199 Crs Others LAD* Service & Traders Manufacturing Gold Housing *LAD = Loan against deposits 14
becoming a Banker of Choice to SMEs Average SME Loan / Account Loan Book by Geography Q2 FY17 15.28 15.26 15.33 15.56 Rs Lakhs 15.76 Rest of India 24% Kerala 43% South (Ex- Kerala) 33% SME Highlights Dedicated DGM appointed to ensure focus and better coordination with regions Focused Green Channel branches to drive faster loan growth to SMEs Sep-15 Dec-15 Mar-16 Jun-16 Sep-16 Target to become banker of choice to SMEs thereby getting other business as well liabilities, vehicle finance, etc. Ongoing training (in-house as well as external) 15
with the help of our Branch Network Total Branch Network +5.09% 688 738 794 822 834 839 FY12 FY13 FY14 FY15 FY16 H1 FY17 Total ATM Network Branch Location* No of Branches Kerala 454 South India (Ex-Kerala) 245 Rest of India 140 Total 839 663 800 1,000 +18.47% 1,200 1,287 FY12 FY13 FY14 FY15 FY16 1,306 H1 FY17 *Map for illustration purpose only 16
and our Experienced Employees Employee Addition Total Employees: 6,978* 7,123 75 41 32 3 6,978 24% 2% 8% 36% 30% Sep-15 Dec-15 Mar-16 Jun-16 Sep-16 Closing < 1 Year 1-2 Years 2-5 Years 5-10 Years > 10 Years *Employees include full-time officers and clerks. 17
Performance Matrix 18
Strong Deposit Franchise Core & Non-Core Deposits Sept-16 49,909 Sept-16 10,283 Sept-16 60,192 12% 19% 14% 44,420 Sept-15 8,615 Sept-15 53,035 Sept-15 Core Deposit Non-Core Deposit Total Deposit CASA Deposits Sept-16 Sept-16 Sept-16 2,399 11,299 13,697 11% 14% 14% 2,157 9,915 12,072 Sept-15 Sept-15 Sept-15 Current Deposit Savings Deposit Total CASA 19
Core Deposits Growing... Breakup of Deposits CASA Deposit 53,036 53,441 +13% 55,721 57,889 60,192 12,072 2,157 +13% 13,697 2,399 32,334 33,204 34,059 35,230 36,279 9,915 Sep-15 11,299 Sep-16 Current Savings Term Deposits 9,915 11,299 10,177 10,476 11,267 2,157 2,130 1,983 2,187 2,399 8,630 7,930 9,203 9,205 10,215 32,334 +12% 36,279 Sep-15 Dec-15 Mar-16 Jun-16 Sep-16 Term Savings Current Others* Sep-15 Sep-16 *Others includes: Bulk, Certificates of Deposits 20
NRI Deposits Growing NRI Deposits CASA In (%) +20% 12,904 13,566 14,303 15,025 15,476 22.8 23.0 22.4 23.2 22.8 Sep-15 Dec-15 Mar-16 Jun-16 Sep-16 Sept-15 Dec-15 Mar-16 Jun-16 Sept-16 21
Composition of Loan Book Corporate Advances (Above Rs 25 Crs) Segment wise Break Up 16,857 16,584 +2% 16,099 15,998 17,198 6,442, 14.50% 17,198, 38.71% 10,430, 23.48% Sep-15 Dec-15 Mar-16 Jun-16 Sep-16 Retail Advances 23,358 24,017 +17% 25,686 26,026 27,230 1,432, 3.22% 8,925, 20.09% Corporate Retail Ex Gold Gold SME Agriculture Sep-15 Dec-15 Mar-16 Jun-16 Sep-16 22
Key Focus : Retail, SME & Agriculture Retail excluding Gold Gold ( Average LTV 65%) +18% 8,721 8,585 8,925 1,655 7,595 7,927 1,455 1,371 1,417 1,432 Retail Loans (Excl. Gold), Agriculture & SME has grown by 19% Sep-15 Dec-15 Mar-16 Jun-16 Sep-16 Sep-15 Dec-15 Mar-16 Jun-16 Sep-16 Agriculture +20% SME +19% 5,352 5,549 5,770 6,194 6,442 8,756 9,086 9,823 9,830 10,430 ~15% of the Agriculture & SME Loans are backed by Additional Security by way of GOLD Sep-15 Dec-15 Mar-16 Jun-16 Sep-16 Sep-15 Dec-15 Mar-16 Jun-16 Sep-16 23
Advances growing across Regions +10% 40,215 40,601 41,785 42,024 44,428 12,289 12,440 12,549 12,715 13,413 13,187 13,178 13,556 13,315 13,923 14,739 14,983 15,680 15,994 17,092 Sep-15 Dec-15 Mar-16 Jun-16 Sep-16 Rest of India South Ex- Kerala Kerala 24
Net Interest Income - Quarter Net Interest Income Cost of Deposits & Yield on Advances In % 388 407 374 374 445 11.38 Cost Of Deposit 11.21 Yeild on Advances 10.56 10.89 10.59 7.53 7.38 7.24 6.98 6.75 Sep-15 Dec-15 Mar-16 Jun-16 Sep-16 Sept-15 Dec-15 Mar-16 Jun-16 Sept-16 2.81 Net Interest Margin 2.92 2.63 2.74 In % 2.75 Cost of Funds & Yield on Funds Cost of Funds In % Yield on Funds 9.28 9.21 8.78 8.73 8.66 6.71 6.55 6.38 6.30 6.18 Sep-15 Dec-15 Mar-16 Jun-16 Sep-16 Sept-15 Dec-15 Mar-16 Jun-16 Sept-16 25
Net Interest Income - Cumulative Net Interest Income Cost of Deposits & Yield on Advances In % Cost of Deposits Yield on Advances 729 1,135 1,510 819 11.43 11.36 11.18 10.89 10.73 374 7.69 7.58 7.52 6.98 6.86 Sep-15 Dec-15 Mar-16 Jun-16 Sep-16 Sept-15 Dec-15 Mar -16 Jun -16 Sept -16 Net Interest Margin In % Cost of Funds & Yield on Funds Cost of Funds In % Yield on Funds 2.67 2.76 2.73 2.74 2.75 9.33 9.29 9.18 8.73 8.80 6.89 6.77 6.69 6.30 6.32 Sep-15 Dec-15 Mar-16 Jun-16 Sep-16 Sept-15 Dec-15 Mar -16 Jun -16 Sept-16 26
Improving Operating Efficiency Employee Additions C/I Ratio In % 3-14 -41-32 -75 Sept-15 Dec-15 Mar -16 Jun -16 Sept -16 58.70 56.60 56.62 52.57 51.08 Sept-15 Dec-15 Mar -16 Jun -16 Sept -16 Business per Employee Business per Branch 11.7 11.9 12.0 13.0 13.2 107 108 108 115 117 Sep-15 Dec-15 Mar-16 Jun-16 Sep-16 Sep-15 Dec-15 Mar-16 Jun-16 Sep-16 27
Sustainable Other Income Total Other Income led by. Sustainable : Transaction Fees + Technology 121 153 139 173 146 60 39 67 44 76 79 74 52 54 48 21 23 23 25 26 Sep-15 Dec-15 Mar-16 Jun-16 Sep-16 Sep-15 Dec-15 Mar-16 Jun-16 Sep-16 Transaction Fees Technology Profit on Sale of Investments, Forex & Others 24 22 5 4 13 14 10 16 15 23 42 50 57 51 30 Investment Book as on Sept-16 Details Rs. Crs M Duration HTM 12,710 5.46 AFS 3,229 4.36 HFT 9 - Sep-15 Dec-15 Mar-16 Jun-16 Sep-16 Total 15,948 5.27 Forex Other Profit on Sale of Investments 28
Break Up of Provisions Q2-FY 17 Q2-FY 16 Q1-FY17 For NPA & NPI 166.4 89.13 93.09 For Depreciation on Investments -24.8-3.23-5.36 For Standard Assets -4.8 16.3 22.18 For Restructured Advances/Sacrifices & FITL -12.1-37.89 4.05 For Unhedged Forex Exposure 3.8-2.05 0.31 Others -0.1 5.21-0.16 Taxes 58.5 52.18 50.31 Total Provisions 186.82 119.65 164.42 29
Non Performing Assets Gross NPA 3.77% 3.96% 3.96% Net NPA 2.89% 2.89% 2.77% 2.24% 2.75% 1.39% 1.80% Sept-15 Dec-15 Mar-16 Jun-16 Sept-16 Sept-15 Dec-15 Mar-16 Jun-16 Sept-16 Gross NPA Movement Net NPA Movement Sep-15 Dec-15 Mar-16 Jun-16 Sept-16 Sep-15 Dec-15 Mar-16 Jun-16 Sept -16 Opening 714 892 1,108 1,562 1,651 Opening 464 550 716 1,185 1,192 Additions 222 367 845 125 226 Additions 89 311 664 105 135 Deductions 44 151 391 36 132 Deductions 4 145 195 98 121 Closing 892 1,108 1,562 1,651 1,745 Closing 550 716 1,185 1,192 1,206 30
Restructured Advances Breakup Restructured Assets Break-up 2,313 2,236 313 306 Sector Standard Restructure Q2FY17 UDAY Scheme to Benefit Government s Uday Scheme targeted towards power Discoms benefiting SIB 1,392 1,387 1,293 15% 2,000 1,930 443 442 532 31% 949 945 761 54% Benefits of Uday getting reflected in Restructured Book Sep-15 Dec-15 Mar-16 Jun-16 Sep-16 Restructured NPA Restructured Standard Advance Power Discoms Construction EPC Others *Other includes IT, Bullion, etc. 31
Restructured Standard Asset Book Restructured Standard Advance Opening Fresh Addition Increase in Existing Balance Uday SDL Investments Decrease in Balance Slippages to NPA Closing Balance DISCOMS 169 0 0-51 -5 0 113 Construction EPC 402 0 9-0 0 411 Others 373 0 17-0 -153 273 Total 944 0 26-51 -5-153 761 32
Movement in Restructured Accounts 0 Movement in Restructured Accounts 0 2 30 Shift of focus from Large Corporate to SMEs 122 1,387 Defocusing from Power & Infra Sectors 1,293 Opening Fresh Additions Inc. in Balance Upgradation in Standard Category Dec. in Balance Closure incl write-off Closing Special Recovery Cell & Asset Monitoring Cell 33
Adequate Provisioning NPA Provisioning Provisioning 84.4 Coverage Ratio 163.6 516.6 46.12% 437.3 Advances in the Initial quarters as NPAs : Requiring Less Provisioning Opening Additions Deductions Closing 34
Fresh Slippages/Advance Ratios Retail Slippage 0.86% Agriculture Slippage 0.55% 0.35% 0.23% 0.23% 0.38% 0.34% 0.12% 0.15% 0.02% Sept-15 Dec-15 Mar-16 Jun-16 Sept-16 Sept-15 Dec-15 Mar-16 Jun-16 Sept-16 SME Slippage Corporate Slippage 0.44% 0.61% 0.55% 0.51% 4.42% 0.27% 1.80% 0.95% 0.00% 0.64% Sept-15 Dec-15 Mar-16 Jun-16 Sept-16 Sept-15 Dec-15 Mar-16 Jun-16 Sept-16 35
Well Capitalized to support Growth BASEL III In % 11.9 11.7 2.3 2.3 11.8 11.7 2.0 1.8 11.1 1.7 9.6 9.4 9.8 9.9 9.5 Sep-15 Dec-15 Mar-16 Jun-16 Sep-16 36
Balance Sheet Overview- Q2 FY17 Q2-FY 17 Q2-FY 16 Y-o-Y (%) Q1-FY 17 Q-o-Q (%) Capital & Liabilities 67,054 60,127 11.52% 64,504 3.95% Capital 135 135 0.05% 135 0.02% Reserves and Surplus 4,027 3,613 11.45% 3,916 2.84% Deposits 60,192 53,036 13.49% 57,889 3.98% Borrowings 1,499 2,171-30.95% 1,395 7.46% Other Liabilities & Provisions 1,201 1,172 2.48% 1,169 2.74% Assets 67,054 60,127 11.52% 64,504 3.95% Cash & Balances with RBI 2,832 2,365 19.75% 2,602 8.87% Balances with Banks 404 667-39.36% 827-51.09% Investments 15,777 13,174 19.76% 15,386 2.54% Advances 43,548 39,556 10.09% 41,237 5.60% Fixed Assets 598 481 24.34% 594 0.66% Other Assets 3,894 3,884 0.26% 3,858 0.93% Business (Advances + Deposits) 103,740 92,592 12.04% 99,127 4.65% Current Accounts 2,399 2,157 11.20% 2,187 9.68% Savings Accounts 11,299 9,915 13.96% 11,267 0.29% CASA Ratio 22.76% 22.76% 0bps 23.24% 88 bps 37
Profit & Loss Overview- Q2 FY17 Q2-FY17 Q2-FY16 Y-o-Y (%) Q1-FY17 Q-o-Q (%) Net Interest Income 445 388 14.74% 374 19.15% Other Income 146 121 20.58% 173-15.88% Total Income 591 509 16.13% 547 8.05% Operating Expenses 294 297-1.10% 288 2.14% Operating Profit 297 213 39.60% 259 14.59% Provisions (Ex-Tax) & Contingencies 128 67 91.54% 114 12.46% Profit Before Tax 169 145 16.56% 145 16.26% Provision for Tax 58 52 12.48% 50 16.26% Profit After Tax 111 93 18.84% 95 16.26% 38
Key Metrics- Quarterly Particulars FY15 FY16 FY17 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Net Interest Margin (NIM) 2.7% 2.9% 2.5% 2.7% 2.5% 2.8% 2.9% 2.6% 2.74% 2.75% CRAR Basel III 12.2% 12.1% 11.4% 12.1% 11.4% 11.9% 11.7% 11.8% 11.68% 11.13% RoAA (Annualized) 0.5% 0.6% 0.6% 0.1% 0.5% 0.6% 0.7% 0.5% 0.6% 0.7% Provision Coverage 62.5% 62.9% 60.4% 61.0% 56.1% 55.3% 50.3% 40.3% 42.55% 46.12% CASA 22.1% 22.1% 21.5% 20.6% 22.3% 22.8% 23.0% 22.4% 23.24% 22.76% Gross NPA 1.5% 1.6% 1.8% 1.7% 1.9% 2.2% 2.8% 3.8% 3.96% 3.96% Net NPA 0.9% 0.9% 1.0% 1.0% 1.2% 1.4% 1.8% 2.9% 2.89% 2.77% Book Value per Share (Rs.) 25.88 26.47 27.10 26.59 27.07 27.76 28.51 28.45 30.00 30.81 Earnings per Share (Rs.) (Annualized) 3.78 3.01 2.87 2.28 1.93 2.34 2.56 2.47 2.82 3.04 Branches - Kerala 439 440 441 444 447 447 447 449 453 454 - South India (Ex-Kerala) 230 232 233 239 242 244 244 245 245 245 - Rest of India 132 133 136 139 139 140 140 140 140 140 Total Branches 801 805 810 822 828 831 831 834 838 839 ATMs - Kerala 565 587 607 651 670 682 688 698 701 713 - South India (Ex-Kerala) 297 313 325 365 378 380 384 387 388 391 - Rest of India 156 163 176 184 196 198 200 202 202 202 Total ATMs 1,018 1,063 1,108 1,200 1,244 1,260 1,272 1,287 1,291 1,306 39
Next Generation Bank 40
Present across Customer Touch Points Traditional & Alternate Channels Mobile Banking Mobile Banking ATMs 1,306 ATMs across India Branches 839 Branches & 45 Extension Counters Internet Banking Point of Sale 41
Technology Initiatives SIB Mirror is a mobile-led platform with instant account access, balance retrieval, immediate fund transfers, all account intimations, and much more SIB-er Net is a suite of comprehensive internet banking services positioning SIB as a technology-driven bank offering superior services to retail customers Retail branches now interconnected with single-window service and providing real-time online, real-time transactions to customers SIB offers Visa, MasterCard, and RuPay debit cards with online access to users for secure domestic and international transactions Centralized Processing Center allows enhanced risk management and customer creation with complete KYC compliance and fraud prevention tools 42
Personal Banking: Technology Banking Active Internet Users Internet Transaction Volume Internet Transaction Value (000) s 162 133 134 141 157 (000) s 536 1,254 591 611 663 1,887 2,385 2,515 2,551 3,054 Sep-15 Dec-15 Mar-16 Jun-16 Sep-16 Sep-15 Dec-15 Mar-16 Jun-16 Sep-16 Sep-15 Dec-15 Mar-16 Jun-16 Sep-16 Mobile Transaction Volume Mobile Transaction Value (000) s +109% +235% 913 350 437 507 670 748 104 124 170 233 Sep-15 Dec-15 Mar-16 Jun-16 Sep-16 Sep-15 Dec-15 Mar-16 Jun-16 Sep-16 43
Personal Banking: Debit Cards No of Active Debit Cards In Millions 2.8 3.0 3.3 3.4 3.2 Debit Card Transaction Volumes In Millions 29.2 28.9 30.4 30.8 31.4 Sep-15 Dec-15 Mar-16 Jun-16 Sep-16 Sep-15 Dec-15 Mar-16 Jun-16 Sep-16 5,047 Debit Card Transaction Value +17% 5,164 5,375 5,777 5,929 Sep-15 Dec-15 Mar-16 Jun-16 Sep-16 44
An Inflection Point 45
Moving Towards Vision 2020 Appointed International Finance Corporation Entered Memorandum of Understanding with NSIC Opened Centralized Marketing & Processing Centre Provides advisory support to bank on the medium and long term strategy for significant growth in retail, agriculture and SME sectors Facilitates loans to MSE and promotes the MSME credit portfolio of the Bank Houses the Bank s Marketing Dept, Retail Loan Hub and Transaction Banking Dept...to become Retail Banking Power House 46
About Us 47
Milestones FIRST among the private sector banks in Kerala to become a scheduled bank in 1946 under the RBI Act FIRST bank in the private sector in India to open a Currency Chest on behalf of the RBI in April 1992 FIRST private sector bank to open a NRI branch in November 1992 FIRST bank in the private sector to start Industrial Finance Branch in March 1993 FIRST among the private sector banks in Kerala to open an "Overseas Branch" to cater exclusively to the export and import business in June 1993 FIRST bank in Kerala to develop an in-house, a fully integrated branch automation software in addition to the in-house partial automation solution operational since 1992 The FIRST Kerala based bank to implement Core Banking System 48
Expansion over a Decade Branch Network ~2X ATM Network ~9x 834 1,287 449 698 440 263 245 387 121 56 140 144 66 40 38 202 FY06 FY16 FY06 FY16 Kerala South Ex-Kerala Others (Rest of India) 49
Performance over a Decade Net Interest Income CAGR : 17% 1,510 Profit After Tax CAGR : 21% 333 310 51 FY06 FY16 FY06 FY16 Business (Advances + Deposits) Gross NPA CAGR : 20% In % 122bps 96,806 4.99 3.77 15,949 FY06 FY16 FY06 FY16 50
Leadership Team Mr. V. G Mathew, MD & CEO Post Graduate in Physics and CAIIB with over 37 years of experience Joined SIB in January, 2014 as Executive Vice President and appointed as MD & CEO in October, 2014 Significant experience in Retail & Corporate Credit, Technology and Risk Management Joined SBI as a probationary officer in the Ahmadabad Circle in 1978 and was Chief General Manager before joining SIB The major assignments handled by Mr. Mathew in SBI are Dy. General Manager (IT Networking Project) Dy. General Manager and Branch Head, (Overseas Branch, Bangalore) General Manager, (Corporate Accounts Group-Mumbai Branch) Chief General Manager (Risk Management) Chief General Manager (Corporate Accounts Group) He has served on various committees at Corporate Center of SBI such as Wholesale Banking Credit Committee, Investment Committee, Corporate Centre Credit Committee and was a Director on the Board of SBI Macquarie Infrastructure Trustee (P) Limited 51
Leadership Team Mr. Thomas Joseph K, EVP (Administration) Bachelors Degree in Engineering and Diploma in Management & CAIIB He is associated with SIB since 1984 and heads Departments such as Risk Management, Technology, Marketing, Corporate Financial Management, Human Resource and Inspection & Vigilance He was Head of Credit handling a portfolio of Rs.40,000 crores and was instrumental in the execution of the Retail Strategy of the Bank which saw significant growth in the MSME & Agriculture Sectors Mr. G Sivakumar, EVP (Credit) Postgraduate in Chemistry and holds Masters Degree in Business Administration & CAIIB He heads Credit and Legal Departments He has over 35 Years of Experience in Domestic and International Banking in India and Abroad Before joining SIB, he was the General Manager and Head of Private Equity Vertical in State Bank of India where he was responsible for Private Equity and Venture Capital Investments made by the Bank He was also a nominee director on the Board of Directors of four companies and Investment Committee of more than ten Alternative Investment Funds Mr. K N Reghunathan, EVP (Treasury) Commerce Graduate & CAIIB He is responsible for Treasury Operations of the Bank along with International Banking Division Before joining SIB, he was associated with Union Bank of India and was General Manager of Treasury and International Banking Division. He was the Bank s nominee on the Board of FIMMDA and SBI Global Factors and Member of the Advisory Committee of Metropolitan Stock Exchange of India, IDFC Investment Fund, TATA Growth Fund, TATA Innovative Fund, India Advantage Fund I & II 52
Management Team Mr. John Thomas, General Manager (Business Development Department) Bachelors Degree in Science, MBA and CAIIB Mr. Benoy Varghese, General Manager (Credit Department) Bachelors Degree in Arts & Masters Degree in Business Administration and CAIIB Mr. Raphael T.J., General Manager (Marketing & Information Technology) Mr. Murali N A., General Manager (Mumbai Regional Office) Bachelors Degree in Commerce, Masters in EXIM, Diploma in Financial Management and CAIIB Masters Degree in Commerce and JAIIB Mr. Paul V.L., General Manager (Administration) Mr. Anto George T., General Manager (Delhi Regional Office) Masters Degree in Arts and Post Graduate Diploma in Personnel Management & JAIIB Bachelors Degree in Arts & Post Graduate Diploma in Computer Application, Certification in RDBMS & Oracle 8i and JAIIB Mr. Bobby James, General Manager (Inspection & Vigilance) Bachelors Degree in Commerce, C.A. (Inter) and JAIIB 53
Management Team Mr. C.P. Gireesh, Chief Financial Officer Bachelors Degree in Mathematics Fellow member of the Institute of Chartered Accountants of India and Certified Associate of the Indian Institute of Banking & Finance Mr. Jacob EA, Chief Compliance Officer Mr. Jimmy Mathew, Company Secretary Bachelors Degree in Science & CAIIB - I Bachelors Degree in Commerce, Associate Member of Institute of Company Secretary of India and Institute of Cost & Management Accountants of India. Also a Certified Associate of the Indian Institute of Banking & Finance 54
Awards & Recognition SIB wins Social Banking Excellence Award instituted by ASSOCHAM SIB wins prize in IDRBT Banking Application Contest SIB wins Master Card Innovation Award 55
For further information, please contact: Company The South Indian Bank Ltd. CIN L65191KL1929PLC001017 Mr. C. P. Gireesh, CFO cpgireesh@sib.co.in www.southindianbank.com Investor Relations Advisors Strategic Growth Advisors Pvt. Ltd. CIN - U74140MH2010PTC204285 Ms. Payal Dave / Mr. Shogun Jain dpayal@sgapl.net / jshogun@sgapl.net +91 98199 16314 / +91 77383 77756 www.sgapl.net 56