ANALYST S MEET Performance Highlights For the Financial Year ended 31-March-2015
Sl. No. Areas of Presentation Slide No. 1 Highlights 3 2 Business Cross Section 4 3 Deposits 5 4 Domestic Advances 6 5 Infrastructure and NBFC Exposure 7 6 Retail Credit Components 8-9 7 Investments 10 8 Restructured Advances & Stressed Asset Ratio 11-13 9 Non Performing Assets (NPA) 14-18 10 Operating Profit and Net Profit 20 11 Financial Highlights Quarterly and Yearly 12 Other Income Quarterly and Yearly 13 Provisions & Contingencies Quarterly and Yearly 21 & 24 22 & 25 23 & 26 Sl. No. 14 15 Areas of Presentation Overseas Performance London Branch Key Parameters Quarterly and Yearly Slide No. 27 28-29 16 Net Interest Margin (NIM) 30 17 18 Capital Adequacy Ratio (Basel III) Earnings Per share, Book Value Per Share and Equity Holdings 31 32 19 Equity Value 33 20 21 Branch Network & Delivery Channels Corporate Social Responsibility 34-35 36-37 22 Customer Specific Products 38 23 Going Forward 39-41
Business Global Business increased to Rs. 4,61,192 Crores MSME Credit grown by 25% (Y-o-Y) Profit Operating Profit up by 12.46%. Net Profit at Rs. 1,523 Crores Other Income Other Income up by 59% (Y-o-Y). Capital CRAR (Basel III) at 10.54%. Margin Global NIM : 2.38%.
Business Cross Section 461192 438099 GLOBAL ` in Crores 388584 Mar., Dec., Mar., 2015 255388 251469 212343 205804 186630 176241 Particulars Growth Y-O-Y Amount % Global Business 72,608 19% Global Deposits 43,045 20% Global Advances 29,563 17% Business Deposits Advances 372660 390555 DOMESTIC Particulars Growth Y-O-Y Amount % 330701 Mar., Dec., Mar., 2015 225402 223835 Domestic Business 59,854 18% 186966 143735 148825 165153 Domestic Deposits 38,436 21% Domestic Advances 21,418 15% Business Deposits Advances
Global Deposits 62508 63713 55998 `. in Crores 46467 42030 44525 Cost of Deposits % 6.74 6.83 13968 17983 17246 6.55 6.72 6.73 Total CASA Current Savings Mar., Dec., Mar., 2015 Particulars December, 2015 Y-O-Y Growth Global Deposits 2,12,343 2,51,469 2,55,388 43,045 20% Current Deposits 13,968 17,983 17,246 3,278 23% Savings Bank 42,030 44,525 46,467 4,437 11% CASA Deposits (Global) 55,998 62,508 63,713 7,715 14% Domestic CASA Deposits % 29.90% 27.90% 28.25% % of Bulk Deposits (Global) 13.11% 10.87% 10.31% Mar., 14 Jun., 14 Sep., 14 Dec., 14 Mar., 15 `. in Crores %
Domestic Advances Particulars Domestic Advances (Gross) Retail Credit MSE Credit (incl. Priority Sector) Agriculture Credit Credit to Weaker Section MSME Credit Dec., Other Priority Sector 29,945 29,308 Advances (21%) (20%) % age expressed on Gross Domestic Advances 2015 Y-o-Y Growth ` in Crores Q4-o-Q3 Growth Amt % Amt % 1,43,735 1,48,825 1,65,153 21,418 15% 16,328 11% 20,926 (15%) 18,697 (13%) 22,071 (15%) 12,758 (9%) 19,800 (14%) 21,090 (14%) 19,135 (13%) 23,792 (16%) 14,246 (10%) 21,324 (14%) 22,256 (13%) 21,911 (13%) 26,205 (16%) 14,405 (9%) 24,665 (15%) 31,706 (19%) 1,330 6% 1166 6% 3,214 17% 2,776 15% 4,134 19% 2,413 10% 1,647 13% 159 1% 4,865 25% 3,341 16% 1,761 6% 2,398 8% 6
Infrastructure and NBFC Exposure Power Particulars (Global) State Owned Generation & Transmission DISCOMs Private Owned Generation & Transmission Roads & Ports NBFC Aviation Telecom TOTAL 12,813 (7.27%) 8,864 (5.03%) 5,143 (2.92%) 3,721 (2.11%) 3,949 (2.24%) 2,689 (1.53%) 2,302 (1.31%) 26,054 (14.78%) 1,002 (0.57%) 2,827 (1.60%) 44,998 (26%) December, 14,816 (7.94%) 11,237 (6.02%) 7,056 (3.78%) 4,181 (2.24%) 3,579 (1.92%) 3,579 (1.92%) 2,141 (1.15%) 23,433 (12.56%) 1,097 (0.59%) 3,796 (2.03%) 45,283 (24%) % age expressed on Gross Global Advances 2015 17,005 (8.26%) 11,498 (5.59%) 7,309 (3.55%) 4,189 (2.03%) 5,507 (2.67%) 3,688 (2.67%) 2,549 (1.24%) 24,745 (12.02%) 1,330 (0.64%) 4,638 (2.25%) 50,267 (24%) Y-o-Y growth % Q4-o-Q3 growth % 33 15 30 2 42 4 13-39 54 37 3 11 19 (5) 6 33 21 64 22 12 11 ` in Crores 7 7
Retail Credit Components Particulars Dec., 2015 Growth Y.O.Y Growth Q4-o-Q3 Advance Advance Advance Amount % Amount % Housing Loans 9,714 10,023 11,980 2,266 23% 1,957 20% Education Loans 2,768 2,698 2,745 (23) (1%) 47 2% Vehicle Loans 1,447 1,827 2,028 581 40% 201 11% Personal Loans 4,404 4,099 3,476 (928) (21%) (623) (15%) Gold Loans - Non Priority 1,589 1,334 1,044 (545) (34%) (290) (22%) Mortgage Loans 910 1,058 983 73 8% (75) (7%) Others 94 51 -- (94) - (51) (100%) Total Retail Credit 20,926 21,090 22,256 1,330 6% 1,166 5.5%
Distribution of Retail Credit 2015 ` in Crores 4,404 21% 1,589 8% 1003 5% 9,714 46% 3,476 16% 1,044 5% 983 4% 11,980 54% 2,028 9% 1,447 7% 2,768 13% 2,745 12% Housing Loans Education Loans Housing Loans Education Loans Vehicle Loans Personal Loans Vehicle Loans Personal Loans Gold Loans - Non Priority Mortgage Loans & Others Gold Loans - Non Priority Mortgage Loans & Others
Gross Investments 55775 55008 61280 1339 17757 14297 16024 38018 40711 43917 67702 69558 1095 2842 15408 17668 51199 49048 HFT AFS HTM Mar., 14 Jun., 14 Sep., 14 Dec., 14 Mar., 15 Yield on Investments 8.15 8.07 8.02 8.1 8.23 Mar., June., Sept., Dec., Mar., 2015 10
Restructured Advances CDR 31 st 31 st Dec., 31 st 2015 No.: of Accounts 35 32 42 Amount (` in Crores) 3,801 2,439 2,978 Non - CDR 31 st 31 st Dec., 31 st 2015 No.: of Accounts 1,24,645 1,00,411 94,483 Amount (` in Crores) 7,335 7,777 7,789 TOTAL 31 st 31 st Dec., 31 st 2015 No.: of Accounts 1,24,680 1,00,443 94,525 Amount (` in Crores) 11,136 10,216 10,767 11
Restructured Advances- including CDR Particulars As On Y-o-Y Q4-o-Q3 Mar., Dec., Mar., 2015 Increase/ (Decrease) Corporate 3,701 3,083 2,978 (723) (105) Agriculture 1,735 1,587 1,102 (633) (485) Aviation 729 728 727 (2) (1) MSME 596 481 395 (201) (86) Power 3,610 4,197 4,248 638 51 Retail 44 0 0 (44) 0 Others 721 140 1,317 596 1,177 TOTAL 11,136 10,216 10,767 (369) 551 12
Particulars Advances Restructured during Quarter Mar., Quarterly Mar., 2015 Mar., Yearly Mar., 2015 ` in Crores Dec., Restructured Advances 1,094 1,367 2,920 1,900 597 13 Stressed Asset Ratio Particulars June, Sept., Dec., Mar., 2015 Stressed Asset Ratio 8.36 8.43 8.66 8.18 7.55 Restructured (STD) Ratio 5.74 5.46 5.23 4.58 4.42 Gross NPA Ratio 2.62 2.97 3.43 3.60 3.13
NPA Details 4611 5243 6049 6724 ` in Crores 6442 14 2721 3271 3825 4370 3844 Mar., Jun., Sep., Dec., Mar., 2015 Net NPA Gross NPA
NPA and Provision Coverage Ratios 2.62 3.13 1.99 0.76 1.56 1.9 2.97 3.43 3.60 2.62 2.20 1.56 1.88 2.38 3.13 1.90 15 Values in % 2012-13 2013-14 -15 83.41 Gross NPA Net NPA Provision Coverage Ratio (PCR) 70.02 66.61 2012-13 2013-14 -15 Mar., 14 Jun., 14 Sep., 14 Dec., 14 Mar., 15 70.02 Gross NPA Net NPA Provision Coverage Ratio (PCR) 67.56 65.38 66.61 62.96 Mar., 14 Jun., 14 Sep., 14 Dec., 14 Mar., 15
Sector Dec., Mar., 2015 % to Total Sector NPA ` in Crores Q4-o-Q3 Increase/ (Decrease) Agriculture 810 1,165 1254 21 89 Industries 1,603 2,901 2,526 43 (375) Services 768 720 750 13 30 Housing Loan 357 332 317 5 (15) Auto Loan 60 73 67 1 (6) Education Loan 143 283 233 4 (50) Personal Loan 421 383 310 5 (73) Other Retail Loans 102 311 447 8 136 TOTAL 4,264 6,168 5,904 (264) 16
Particulars December, 2015 A. Gross NPA at the Beginning 4,401 6,049 6724 B. Deduction: (i) Upgradation & Decrease due to Operations 396 327 493 (ii) Recoveries 243 182 456 (iii) Write off (incl. Prudential) 348 156 164 C. Additions: ` in Crores TOTAL 987 665 1113 (i) Fresh NPA 1,197 1,340 831 TOTAL 1,197 1,340 831 Gross NPA at the End (A-B+C) 4,611 6,724 6,442 17
Particulars FY Ended March'14 December, FY Ended March'15 A. Gross NPA at the Beginning 2,979 4,611 4,611 B. Deduction: (i) Upgradation 167 910 1527 (ii) Recoveries 805 610 1087 (iii) Write off (incl. Prudential) 1,024 891 1054 C. Additions: ` in Crores TOTAL 1,996 2,411 3,668 (i) Fresh NPA 3,628 4,524 5,499 TOTAL 3,628 4,524 5,499 Gross NPA at the End (A-B+C) 4,611 6,724 6,442
Core Financials
Yearly Performance Operating Profit 4007 3563 3450 12.46% 3.28% ` in Crores Quarterly Performance Operating Profit 1201 998 1014 954 838 20 ` in Crores 2012-13 2013-14 -15 Mar.' 14 (Q4) Jun.' 14 (Q1) Sep.' 14 (Q2) Dec.' 14 (Q3) Mar.' 15 (Q4) Net Profit Net Profit 2004 1711 1523 409 485 316 305 417 (14.62)% (10.99)% 2012-13 2013-14 -15 Mar. '14 (Q4) Jun.' 14 (Q1) Sep.' 14 (Q2) Dec.' 14 (Q3) Mar.' 15 (Q4)
FINANCIAL HIGHLIGHTS - Quarterly Particulars December, 2015 ` in Crores Q4-o-Q4 Q4-o-Q3 Growth (%) Growth (%) Interest Income 4,896 5,499 5,805 19 6 Interest Expended 3,463 4,176 4,382 27 5 Net Interest Income (NII) 1,433 1,323 1,423 0 8 Other Income 462 422 794 71 88 Operating Expenses 897 907 1016 13 12 Operating Profit 998 838 1,201 20 43 Provisions 589 533 784 33 47 21 Net Profit 409 305 417 2 37 21
OTHER INCOME Quarterly ` in Crores 22 Particulars December, 2015 Q4-o-Q4 Growth (%) Q4-o-Q3 Growth (%) Commission & Brokerage 196 181 205 5 13 Commission on Govt. Business Net Profit from FX Transactions 8 15 9 13 (40) Sub Total 204 196 214 5 9 18 11 22 22 100 Recovery in Written Off A/cs 107 21 135 26 543 Miscellaneous Income 95 56 107 13 98 Total (Excl. Trading Profit) 424 282 478 13 70 Net Profit on Sale of Investment 38 140 316 732 126 GRAND TOTAL 462 422 794 72 88
Provisions & Contingencies Quarterly ` in Crores 23 Particulars December, 2015 Q4-o-Q4 Growth (%) Q4-o-Q3 Growth (%) Provision for NPA (net of reversal of excess provision) 330 178 381 15 114 Bad Debts Written Off 20 9 20-122 Provision for Income Tax (net of DTA / DTL) (43) 243 69 - (66) Standard Assets (2) (11) 66 - - Restructured Assets 140 42 171 22 307 Depreciation on Investments 41 16 19 (54) 19 Staff Welfare Fund 5 5 5 - - Leave Encashment 29 6 18 (38) 200 Wage Arrears 60 60 0 - - Others 9 (15) 35 - - TOTAL 589 533 784 23
FINANCIAL HIGHLIGHTS Yearly Particulars 2015 Growth ` in Crores Amount % 24 Interest Income 18,620 21,615 2,995 16% Interest Expended 13,080 16,095 3,015 23% Net Interest Income (NII) 5,540 5,520 (20) - + Other Income 1,325 2,110 785 59% - Operating Expenses 3,302 3,623 321 10% Operating Profit 3,563 4,007 444 12% - Provisions 1,852 2,484 632 34% Net Profit 1,711 1,523 (188) (11%)
OTHER INCOME Yearly Particulars 2015 ` in Crores Growth Amount % 25 Commission & Brokerage 536 698 162 30% Commission on Govt. Business 31 35 4 13% Net Profit from FX Transactions Sub Total 567 733 166 29% 98 97 (1) (1%) Recovery in w/o A/c.s 214 330 116 54% Miscellaneous Income 281 293 12 4% Total (Excl. Trading Profit) 1,160 1453 293 25% Net Profit on Sale of Investment 164 657 493 301% GRAND TOTAL 1,324 2,110 786 59%
Provisions & Contingencies Yearly Particulars ` in Crores 2015 Provision for NPA 990 1,621 Bad Debts Written Off 35 42 Provision for Income Tax (net of DTA / DTL) (68) 473 Standard Assets 141 37 Restructured Assets 156 17 Depreciation on Investments 203 (16) Staff Welfare Fund 20 20 Leave Encashment 97 35 Wage Arrears 240 180 Others 38 75 TOTAL 1,852 2,484 26
London Branch Performance Particulars December, 2015 ` in Crores Growth % Y-o-Y Q4-o-Q3 27 Business 57,883 65,439 70,637 22% 8% Deposits 25,377 27,634 29,986 18% 9% Advances 32,506 37,805 40,651 25% 8% Operating Profit 30 67 54 80% (19%) Gross NPA (%) 1.07% 1.47% 1.32% Net NPA (%) 0.80 1.03% 0.70% Yield on Advances (%) 2.44 2.42 2.71 Cost of Deposits (%) 1.39 0.99 1.12 NIM (%) 0.31 0.43 0.53
KEY PARAMETERS - Quarterly Values in % Parameters Mar., June., Sept., Dec., Mar., 2015 Cost of Deposits 6.55 6.74 6.72 6.83 6.73 Yield on Advances 9.65 9.41 9.63 9.22 9.23 Cost of Funds 5.95 6.19 6.09 6.07 6.12 Yield on Funds 8.41 8.44 8.36 7.99 8.12 Return on Assets 0.70 0.81 0.50 0.44 0.58 Yield on Investments 8.15 8.07 8.02 8.10 8.23 NIM 2.79 2.47 2.57 2.25 2.29 28
KEY PARAMETERS Yearly Values in % Parameters 2013 2015 Cost of Deposits 6.83 6.56 6.73 Yield on Advances 10.51 9.59 9.34 Cost of Funds 6.25 6.00 6.12 Yield on Funds 9.18 8.53 8.22 Return on Assets 1.07 0.78 0.58 Yield on Investments 7.75 7.87 8.09 NIM 3.19 2.79 2.38
Net Interest Margin (NIM) (in %) 30 Yearly Movement of N I M (Global) 3.19 2.79 2.38 3.23 2.56 Quarterly Movement of N I M Dec., 2015 2.60 2.79 2.25 2.29 0.34 0.41 0.53 2012-13 2013-14 -15 Domestic Overseas Global
Capital Adequacy Ratios - Basel III Tier I Tier II CRAR Values in % 11.41 10.80 10.42 10.46 10.54 8.68 8.23 7.92 7.61 7.84 2.73 2.57 2.50 2.85 2.70 June, Sept., Dec., Mar., 2015 Particulars Regulatory Total Capital (` in Crores) Risk Weighted Assets (` in Crores) June, Sept., Dec., Mar., 2015 14,579 14,573 14,441 15,112 16,891 1,27,735 1,34,910 1,38,551 1,44,502 1,60,249 CRAR 11.41 10.80 10.42 10.46 10.54 31
Earnings Per Share ` 33.30 28.21 24.38 EQUITY HOLDING PATTERN Govt. of India 69.24% 32 2012-13 2013-14 -15 Book Value Per Share ` 197.24 175.12 189.63 Others 10.15% FIIs 8.52% Bodies Corporate 1.89% Mutual Fund & UTI 0.57% Insurance Cos. 9.42% Banks & FIs 0.21% 2012-13 2013-14 -15
EQUITY VALUE Particulars Mar., Sep., Dec., Mar., 2015 Earnings Per Share (`) 28.21 25.65 23.61 24.38 Book Value Per Share (`) 189.63 197.16 201.84 197.24 No. of Shares (` in Crs.) 62.46 62.46 62.46 66.21 Share Capital (` in Crs.) 624.58 624.58 624.58 662.06 Market Capitalisation (` in Crs.) 6,002.41 6,817.51 8,216.61 6,700.45
BRANCH NETWORK 34 Satellite Offices 48 658 101 Branches opened during Q4 ( 15) 303 Branches opened during FY 15 Metro 682 704 Urban 783 856 Semi-Urban 936 1032 Rural 1150
Alternate Delivery Channels 35 Internet Banking : 9,02,460 customers ATMs 3427 Mobile Banking : 1,51,781 customers SMS Banking : 14,89,117 customers
ACCOLADES & AWARDS SyndicateBank is one among the Five from Karnataka State in Forbes 2000 list of most powerful public companies FINANCIAL INCLUSION Bank has opened 104 lakh Basic Savings Bank Deposit Accounts (BSBDA) as on 31.03.2015. Of which 6.06 lakh accounts were opened during the quarter ended as on 31.03.2015. The balance outstanding in these accounts is ` 3,611.81 Crore as on 31.03.2015 (104 lakh accounts). To promote financial literacy in the villages, 14196 financial literacy programmes were organized during the year up to 31.03.2015, in which 5.74 lakh persons were benefitted.
PMJDY: Bank has opened 34,96,559 no. of accounts under PMJDY with a balance of ` 505 crore as at 31.03.2015. 33,50,302 RuPay Cards have been issued under PMJDY as at 31.03.2015. CORPORATE SOCIAL RESPONSIBILITY: During the quarter, Bank undertook various CSR activities viz. distribution of water coolers to Govt. Schools; donation to social work & charitable society for distributing rice to poor families on the eve of Republic Day; donation to society for advancement of culture & heritage; donation to temple and trust for purchasing dining tables with tools for Annasantharpane; donation towards making toilets in Government schools under Swachh Bharat Abhiyan, donation towards rehabilitation of flood victims in Jammu & Kashmir and has also donated to support flood (Hudhud) affected in Vishakhapatnam, donation for purchase of benches and desks and construction of auditorium for the schools; donation of Ambulance to Medical colleges & Hospital, donation to corporation of the city; donation of RO Water Purifier to colleges/ Institutes, donation to special school for mentally retarded etc.
CUSTOMER SPECIFIC PRODUCTS Bank has launched the following new products during the Quarter: Synd Connect: Synd Delight: Synd Timber: Bank has launched a new personal banking loan product SyndConnect to meet the loan requirements of employees of Central /State Government Departments, reputed Public Sector Undertakings and Fortune 500 Companies and to improve the quality of retail lending products. Bank has launched a hassle free loan product SyndDelight to existing Housing Loan customers who have demonstrated satisfactory repayment record of 3 years or more to meet any genuine personal credit needs of them. Keeping in view the demand for wooden products and steady growth and its contribution to MSME segment, Bank has launched a new tailor made product SyndTimber to extend credit facilities to Timber Trading, Import of Wood and Wooden products, Wood Processing Units like Sawmill, Steam Chambers, Construction of Shed etc. and for Furniture Shops. The quantum of loan which can be provided under the scheme is above Rs.10 lakh upto Rs.10 crore.
CORPORATE TIE UP Bank has entered into strategic tie-up with the following Corporates:- Bank had signed a Memorandum of Understanding (MOU) with M/s SBI Life Insurance Co. Ltd. on 30th March 2015 for providing Group Life Insurance cover to Education Loan Borrowers of the Bank. Bank has a Corporate Agency tie-up with M/s TATA-AIA Life Insurance Co Ltd. on 30th March 2015 for providing Group Life Insurance cover to Housing Loan borrowers of the Bank on optional basis. Bank had signed a Memorandum of Understanding (MOU) with LIC for implementation of Pradhan Mantri Jeevan Jyoti Bima Yojana. In this, LIC will provide life insurance cover of Rs. 2 lakh in case of death of the insured person at nominal premium of Rs. 330 per annum.
CORPORATE STRATEGIES To attract the retail investors in the pursuit of tax savings and to take the advantage of the available opportunity, Bank has recently launched a campaign titled Save Tax Get Relaxed for from 1st January 31st 2015. This campaign is designed to increase business of the Bank under Core term deposits, Life Insurance Policies from LIC of India, ELSS option of Mutual Funds and Mediclaim polices of the Bank. In order to have impetus for growth momentum and to explore the growth in potential branches, Bank has selected STAR branches to tap business in line with corporate vision to achieve a level of Rs. 10 lakh Crore businesses by 31.03.2020. All these branches will be provided good amenities at branch premises for customers. Along with this, all required publicity materials like banners, pamphlets, posters etc. would be made available to them and Product knowledge if any required shall be made available through Regional Offices to the selected branches.
CORPORATE STRATEGIES (cont.,) Bank had launched a special SIP campaign titled SYND Mutual Funds SIP Campaign with all the nine Mutual Fund Companies, covering all the asset classes i.e. Equity, Debt and Hybrid. The objective of the campaign was to increase the penetration in Mutual Funds business and build the SIP book along with Asset under Management (AUM) for the Bank. The campaign envisaged participation by each and every branch with provision of reward and recognition of the performers. The campaign saw participation from 436 branches in 47 Regions across the country. There were 3233 SIP Folios created with a monthly SIP amount of 34.64 lakhs in various schemes.