Financial Results 31 st March 2017
Performance Highlights Q4 FY 2016-17 NET INTEREST INCOME ` 989.49 cr NON INTEREST INCOME ` Rs.450.16 cr OPERATING PROFIT ` Rs.703.12 cr NET PROFIT ` 203.99 cr NET INTEREST MARGIN 3.10% 48.05% 65.01% 123.71% 186.06% Up by 90 bps FY 2016-17 NET INTEREST INCOME ` 3506.44 cr NON INTEREST INCOME ` Rs.1651.26 cr OPERATING PROFIT ` 2421.15 cr NET PROFIT ` 750.48 cr NET INTEREST MARGIN 2.77% 27.01% 88.96% 56.32% 96.56% Up by 50 bps 2
Performance Highlights FY 2016-17 Scaling Greater Heights Total Business reached all time high level to ` 2,29,833 cr CASA improved from 23.22 % to 28.12 % Branch & ATM network crossed 2000 mark 24.34% Y-o-Y Growth in Retail Advances Focus on Retail Business 29.09% Y-o-Y Growth in Housing Loans Share of Retail Credit in Gross Advances at 30.29 % 3
Performance Highlights FY 2016-17 Comfortable Capital CRAR (Basel III) at 12.73% Tier I CRAR 9.96 % Tier II CRAR 2.77% Improving Asset Quality Gross NPA reduced to 6.59% from 6.64% (Y-o-Y) Net NPA reduced to 4.36 % from 4.81% (Y-o-Y) Provision Coverage Ratio improved to 58.15 % From 50.08% (Y-o-Y) 4
Business Mix 216206 229833 125441 133012 90765 96821 Total Deposits Mar-16 Gr. Advances Mar-17 Total Business Parameters Mar 2016 Mar 2017 Growth (%) Total Deposits 125441 133012 6.04 Gross Advances 90765 96821 6.67 Total Business 216206 229833 6.30 5
CASA, Retail & Bulk Term Dep. 40000 35000 37373 Type of Deposit Mar-16 Mar-17 Growth (%) Y-o-Y Dec-16 Growth (%) Q-o-Q Saving Deposits 22456 28834 28.31 28731 0.28 30000 25000 29125 CASA Current Deposits 6669 8564 28.34 8085 5.86 CASA Deposits 29125 37398 28.40 36816 1.51 CASA % increased by 488 bps YoY Retail Term Deposits grew by 7.30 % CASA as % of Total deposits 23.22 28.12 28.70 Retail Term Deposits 44269 47514 7.30 48184 (1.4) Bulk Term Deposits 40721 43319 6.38 36567 18.46 6
Credit Portfolio Sectors 31.03.16 31.03.17 %Growth Y-o-Y 31.12.16 %Growth Q-o-Q Total Advances 90765 96821 6.67 90290 7.23 Focus on Retail Diversified Credit Portfolio Priority Sector Advances 38003 40594 6.82 37483 8.30 Agriculture 13771 15632 13.51 15041 3.92 MSME 18569 19815 6.71 16631 19.14 Retail Advances 23593 29335 24.34 27284 7.51 7
Retail Credit 35000 Scheme 31.03.16 31.03.17 % Growth Y-o-Y 31.12.16 % Growth Q-o-Q 30000 27284 29335 Housing Loans 8758 11306 29.09 10432 8.38 25000 23593 Education Loans 1119 1358 21.35 1316 3.19 20000 Mar-16 Dec-16 Mar-17 Other retail loans 13716 16671 21.54 15536 7.30 Retail Credit Total Retail Loans 23593 29335 24.34 27284 7.51 Retail Credit accounts for 30.29 % of Gross Advances 8
Priority Sector Credit 40000 38003 40594 Parameters 31.03.16 31.03.17 %Growth Y-o-Y 31.12.16 %Growth Q-o-Q Priority Sector Advances 38003 40594 6.82 37483 8.30 30000 % to ANBC 41.54 41.35-40.11-20000 Mar-16 Mar-17 Agriculture 13771 15632 13.51 15041 3.93 Priority Credit Priority Sector Advances grew by 6.82 % Y-o-Y 9
Sector-Wise Credit Portfolio Diversified Credit Portfolio Sectors Mar 16 Mar 17 Dec 16 % to Gross Credit Infrastructure 20592 21297 19865 21.99 Real Estate(Incl. Housing) 16645 16364 15793 16.90 NBFC 11337 9336 9956 9.64 Capital Market 25 25 26 Food Credit 1602 881 1785 0.90 Iron & Steel 3440 3711 3787 3.83 All Engineering 8003 4190 7448 4.32 Other Industries (Textile, Chemicals etc) 7694 5863 8653 6.05 Retail Loans (Other than Housing) 14835 18029 16852 18.62 Others (Agri, Services etc) 6592 17125 748 17.68 Total Gross Credit 90765 96821 90290-10
Infrastructure Sectors 31.03.16 31.03.17 % to total Advances 31.03.2017 Growth (%) Y-o-Y 31.12.16 Growth (%) Q-o-Q Energy 12672 11417 11.79 (9.90) 10829 5.42 Transport 4349 4296 4.43 (1.21) 4125 4.14 Communication 552 483 0.50 (12.50) 527 8.35 Social & Commercial Infrastructure 2068 3325 3.43 60.78 2621 26.86 Water & Sanitation 950 1776 1.83 86.95 1763 0.73 Total Infrastructure Lending 20592 21297 21.99 3.42 19865 7.20 11
Exposure to Power Sector Sectors Generation Transmission Distribution Total Exposure as on 31.03.2017 Central Govt. Undertakings 756.65 0.00 0.00 756.65 State Govt. Undertakings 3406.50 1337.90 3419.67 8164.07 Private Sector 4898.85 0.00 0.00 4898.85 Total Exposure 9062 1337.90 3419.67 13819.57 States Generation Transmission Distribution Total State Wise Exposure Karnataka 2133.72 1137.90 1393.03 4664.65 Andhra Pradesh 1212.49 0.00 24.48 1236.97 Gujarat 1808.24 200.00 76.60 2084.84 Rajasthan 44.88 0.00 0.00 44.88 Uttar Pradesh 260.43 0.00 0.00 260.43 Haryana 752.11 0.00 195.05 947.16 Tamil Nadu 138.09 0.00 783.99 922.08 Kerala 0.00 0.00 630.00 630.00 Maharashtra 1197.03 0.00 316.51 1513.54 WB 643.51 0.00 0.00 643.51 Chhattisgarh 66.22 0.00 0.00 66.22 Delhi 756.65 0.00 0.00 756.65 Other States 48.72 0.00 0.00 48.72 TOTAL 9062.09 1337.9 3419.66 13819.65 12
Investments Particulars 31.03.16 31.03.17 %Growth (Y-o-Y) 31.12.16 %Growth (Q-o-Q) Investments 44425 Govt. Securities 35163 40043 13.88 40615 (1.4) Other Approved Securities 03 03-3 - 42178 30000 40000 50000 31.03.2017 31.03.2016 Shares 342 257 (24.85) 356 (27.81) Debentures & Bonds 6223 3564 (42.73) 5496 (35.15) Others 447 558 24.83 508 9.84 Total 42178 44425 5.32 46978 (5.43) 13
Investments 58% 42% Category Mar - 16 June - 16 Sept - 16 Dec -16 Mar -17 HTM 27426 28670 29030 28536 25756 AFS 14357 14479 14851 17890 18527 0% HTM AFS HFT HFT 395 262 298 552 141 TOTAL 42178 43411 44179 46978 44425 Modified Duration AFS 4.80 Entire Portfolio 5.34 14
Income & Expenditure 87 % Interest Income 13 % Non - Interest Income Parameters Q4 FY 2016-17 Mar - 16 Mar - 17 Growth % Mar - 16 Mar - 17 Growth % Interest Income 2956 3055 3.35 12084 12379 2.44 Other Income 273 450 64.83 874 1651 88.90 Total Income 3229 3505 8.55 12958 14030 8.27 Interest Expenditure 2287 2065 (9.70) 9323 8873 (4.82) Operating Expenditure 627 737 17.54 2086 2737 31.20 Total Expenditure 2914 2802 (3.84) 11409 11610 1.76 15
Interest Income Parameters Q4 FY 2016-17 Mar - 16 Mar - 17 Growth % Mar - 16 Mar 17 Growth % Interest on Advances 2116 2121 0.20 8848 8735 (1.27) Interest on Investments 749 850 13.47 2955 3359 13.67 Other Interest 91 84 (7.69) 281 285 1.59 Total Interest Income 2956 3055 3.35 12084 12379 2.45 16
Non-Interest Income Q4 FY 2016-17 Parameters Mar - 16 Mar - 17 Growth % Mar - 16 Mar - 17 Growth % Trading Income 51 181 354 220 795 336.36 Recovery in AUC 48 43 (10.41) 125 142 13.60 Commission, Exchange & Brokerage 41 48 17.07 133 147 10.53 Profit on Foreign Exchange 12 6 (50) 38 31 (18.42) Charges PC,IC, Service Charges etc. 117 157 34.18 326 469 43.86 Others 4 15 32 67 109.38 Total Non-Interest Income 273 450 64.84 874 1651 88.90 17
Operating Expenses Parameters Q4 FY 2016-17 Mar - 16 Mar - 17 Variation% Mar - 16 Mar - 17 Variation% Staff Cost 367 483 31.60 1247 1748 40.17 w/w Prov. For retirement benefits 132 224 69.70 342 739 160.80 Other Operating Expenses 260 254 (2.30) 839 989 17.87 Total Operating Expenses 627 737 17.54 2086 2737 31.20 18
Profit and Profitability Q4 FY 2016-17 Parameters Mar - 16 Mar - 17 Growth % Mar - 16 Mar - 17 Growth % Net Interest Income 668.35 989.49 48.04 2760.83 3506.44 27.01 Operating Profit 314.30 703.12 123.71 1548.87 2421.15 56.32 Net Profit 71.31 203.99 186.06 381.80 750.48 96.57 19
Operating Performance (Quarterly) 1000 989 450 450 800 668 400 600 350 Net interest income up by 48.05 % 400 200 300 273 0 Mar-16 Mar-17 250 Mar-162 Mar-17 Operating Profit up by 123.71 % Net Interest Income Fee-based Income 703 250 Net Profit up by 186.06 % 650 550 200 150 204 450 350 314 100 50 71 250 Mar-16 Mar-17 0 Mar-16 Mar-17 Operating Profit Net Profit 20
Operating Performance (Yearly) Net interest income up by 27.01 % 4000 3500 3000 2500 2000 1500 1000 500 0 2761 Mar-16 3506 Mar-17 1700 1600 1500 1400 1300 1200 1100 1000 900 800 874 Mar-162 1651 Mar-17 Operating profit up by 56.32 % Net Interest Income Non-interest Income Net profit up by 96.56 % 2750 2250 2421 800 700 600 500 400 382 750 1750 1549 300 200 100 1250 Mar-16 Mar-17 0 Mar-16 Mar-17 Operating Profit Net Profit 21
Provisions Parameters Mar - 16 Mar - 17 Q4 FY 2016-17 Increase/ (Decrease)% Mar - 16 Mar - 17 Increase/ (Decrease)% Total Provisions & Contingencies 242.99 499.13 105.41 1167.07 1670.67 43.15 Provisions for NPA 707.97 344.56 (51.33) 1514.67 1347.34 (11.04) Provisions for Investment 7.49 58.43 680.10 57.17 44.97 (21.33) Provision for Taxation (410.28) 67.05 - (223.44) 164.00 - Other Provisions 62.19 41.66 (33.01) 181.33 56.09 69.06 22
Key Ratios (Quarterly) Ratios Mar 16 Mar 17 Dec 16 Cost of Deposits 7.00 5.99 6.42 Yield on Advances 9.79 9.57 10.12 Yield on Investments 7.99 9.14 10.57 Cost of Funds 6.64 5.43 5.97 Yield on Funds 8.58 8.03 8.36 NIM 2.20 3.10 2.85 RoA 0.20 0.51 0.59 Return on Equity 4.46 11.59 13.19 Cost to Income 66.61 51.16 53.60 (In Percent) 23
Key Ratios (Annual) (In Percent) Ratios Mar 16 Mar 17 Cost of Deposits 7.34 6.50 Yield on Advances 10.52 9.89 Yield on Investments 8.07 9.32 Cost of Funds 6.77 5.83 Yield on Funds 8.77 8.14 NIM 2.27 2.77 RoA 0.28 0.49 Return on Equity 6.12 11.10 Cost to Income 57.39 53.06 24
Productivity Annual Parameters Mar - 16 Mar - 17 Dec 16 Business per Employee 14.58 15.51 13.85 Business per Branch 116.05 113.22 107.68 25
Capital Funds (Basel III) Quarterly Particulars Mar- 16 Dec- 16 Mar- 17 Capital 10550.41 10538.80 11051.49 Common Equity Tier-1 6973.50 6952.45 7327.49 Additional Tier - 1 955.84 956.10 1319.89 Tier II 2621.07 2630.25 2404.11 Total Risk Weighted Assets 83883.21 84284.30 86798.93 CRAR Total CRAR (%) 12.58 12.50 12.73 Tier I CRAR 9.49 9.38 9.96 Tier II CRAR 3.17 3.12 2.77 26
Book Value (In Rs.) 71 As on 31.03.2017 70 70.24 69.85 Paid up sh. Capital Rs. 999 Cr. Networth Rs. 6977 Cr 69 31.03.2016 31.03.2017 27
Asset Quality Parameters 31.03.16 31.12.16 31.03.17 Gross NPA 6027 6305 6382 Gross NPA (%) 6.64 6.98 6.59 Net NPA 4277 4182 4118 Net NPA (%) 4.81 4.74 4.36 Provision Coverage Ratio (%) 50.08 55.44 58.15 28
Gross NPA & Net NPA 8.00 7.00 6.64 7.31 7.07 6.98 6.59 In Percent 6.00 5.00 4.81 5.42 5.10 4.74 4.36 4.00 3.00 2.00 1.00 0.00 31.03.2016 30.06.2016 30.09.2016 31.12.2016 31.03.2017 Gross NPA % Net NPA % 29
NPA Movement Particulars Q1 Q2 Q3 Q4 FY 16-17 Opening Balance 6027 6589 6491 6305 6027 Additions 1244 736 200 713 2893 Off Which : Slippage from Restructured 288 94 14 14 309 Reductions 682 835 386 636 2539 Cash Recovery-Ledger Balance 159 176 111 127 574 Upgradation 314 435 61 86 896 Write-Off 209 224 213 423 1069 Gross NPA 6589 6491 6305 6382 6382 30
Sector Wise Classification of NPAs Sector/Scheme 31.03.16 31.03.17 % to Gr. NPA % to Adv. in the sector Agriculture 448 545 8.54 4.27 MSME 718 948 14.86 4.78 Education 34 24 0.38 1.77 Housing 67 69 1.08 0.61 Personal 5 5 0.08 0.69 Iron & Steel 1606 2004 31.40 54.00 Engineering 542 533 8.35 31.75 Textile 315 311 4.87 34.63 Infra -Power 780 616 9.65 5.50 Infra-Roads & Ports 467 364 5.70 10.21 Infra-Others 258 158 2.48 2.42 Others Sectors 787 805 12.62 3.46 Total 6027 6382 100.00 6.59 31
Restructuring : Total Loans Restructured Details 31.03.16 30.09.16 31.12.16 31.03.17 Industrial Loans 383 456 458 422 MSME 42 26 23 22 Agricultural Loans 106 94 95 94 Housing Loans 71 63 60 54 Infrastructure 1539 1636 1325 926 CRE 1 1 1 1 Other Loans 13 9 7 4 Total 2155 2285 1969 1524 NPA o/s 88 355 361 408 32
S4A,SDR AND FLEXIBLE STRUCTURING DETAILS Name of the scheme Number of borrowers Balance outstanding NPA S4A 6 434 150 SDR 4 221 170 5/25 11 1972 983 33
Expanding Network Delivery Channels Mar 2016 Mar 2017 Branch Network 1863 2031 ATM Strength 1651 2001 Branch Spread 464 Geographical Centre-Wise Branches 50 143 279 264 516 252 531 520 1043 Metro Urban Semi-Urban Rural Central South North East West North East 34
Shareholding Pattern 17% 2% 1% 10% 70% Govt of India Individuals DIIs FIIs Other Corp Shareholding Pattern : 31.03.2017 35
Digital Banking Improving mobile transactions 15 12 9 6 3 0 5.05 Mar-16 Mar-17 13.20 Mobile Banking Users (in Lakh) 10 8 6 4 2 0 4.94 Mar-16 8.42 Mar-17 Internet Banking Users (In Lakh) Expanding Digital Presence 60 49.59 58.27 40 20 Mar-16 Mar-17 Debit Card Base (In lakh) 36
Customer Analytics 160.00 155.00 (lakhs) 154.94 Particulars Mar 2016 Mar 2017 (In Lakhs) 150.00 145.00 140.00 135.00 130.00 125.00 120.00 142.99 Customer Base 31.03.2016 31.03.2017 Advances Clientele 9.93 11.22 Deposits Clientele 133.06 143.72 Total Customer Base 142.99 154.94 Trust of over 154 Lakhs customers 37
Digital Initiatives Social Media Digital Banking Leadership among nationalized banks in Social Media First PSB to start the initiative 38
Awards & Accolades : Recognition Galore!! Award for outstanding performance under Pradhan Mantri Awas Yojana (Urban) through innovative initiatives. Best Performance Award among Public Sector Banks for financing Backward Class. Award for Excellence in MSE Sector by Govt. of India. Rajbhasha Kirti Puraskar award by Honourable President of India. Best Bank for Electronic Payments among Mid-Size Banks from IDRBT, Hyderabad. 39
THANK YOU http://www.vijayabank.com 40