Performance Analysis

Q4 / FY24

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Ind Supreme 300

Jewel Loan…

IND GST

Cardless Cash

ADVANTAGE..

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your future!

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GST

safe

Contents

Topic

1

Performance Highlights

2

Business Snapshot

3

Financials

4

Capital & Risk Management

5

Asset Quality

6

Financial Inclusion

7

Digital Banking & Business Network

8

ESG, Group Entities & Awards

Page

3

6

14

24

27

34

36

42

2/48

01

Performance Highlights Q4 FY24 (YoY)

3/48

Performance Highlights Q4 FY24 (YoY)

Business

Deposits

₹ 12.22 lakh Cr

₹ 6.88 lakh Cr

12%

11%

Business

Advances

  • 5.34 lakh Cr
    13%

CASA : 8%

CD Ratio

SB: 7%

77.58%

CA: 9%

RAM

Retail

₹ 3.10 lakh Cr

₹ 104735 Cr

14%

15%

Gross NPA

Asset

3.95%

YoY: 200 bps

Quality

QoQ: 52 bps

Agriculture

  • 121062 Cr
    19%

Net NPA

0.43%

YoY: 47 bps

QoQ: 10 bps

MSME

  • 84121 Cr
    6%

PCR

96.34% YoY: 252 bps QoQ: 44 bps

Corporate Credit

  • 188242 Cr
    10%

Q4 (QoQ)

FY (YoY)

Benchmark

Ratios

Cost of Deposits

5.01%

2 bps

4.88%

79 bps

Yield on Advances

Yield on Investments

Domestic NIM

Net Interest Income

8.81%

3 bps

6.88%

8 bps

3.52%

3 bps

₹ 6015 Cr

3%

8.72%

96 bps

3.54%

13 bps

6.80%

35 bps

₹ 23274 Cr

15%

Operating Profit

Q4 (YoY)

₹ 4305 Cr

7%

₹ 16840 Cr

10%

FY (YoY)

Profit before Tax

Net Profit

RoE

RoA

₹ 3057 Cr

111%

₹ 2247 Cr

55%

19.06%

358 bps

1.15%

33 bps

₹ 10951 Cr

85%

₹ 8063 Cr

53%

19.24%

451 bps

1.07%

30 bps

4/48

Consistent Performance (Since Amalgamation)

Business (₹ lakh Cr)

RAM (₹ lakh Cr)

12.2

3.1

2.7

10.1

10.9

2.4

9.3

2.2

8.6

2.0

5.9

6.2

6.9

5.4

4.9

4.7

5.3

3.7

3.9

4.2

Mar-20

Mar-21

Mar-22

Mar-23

Mar-24

Mar-20

Mar-21

Mar-22

Mar-23

Mar-24

Business

Deposits

Advances

RAM

Net Interest Income (₹ in Cr)

Profit (₹ in Cr)

Asset Quality (%)

23274

16840

11.39%

20225

15271

9.85%

15666

16728

12717

8.47%

10967

13057

5.95%

8063

4.19%

3.37%

3.95%

2.27%

3945

5282

0.90%

0.43%

3005

Mar-20

Mar-21

Mar-22

Mar-23

Mar-24

Mar-21

Mar-22

Mar-23

Mar-24

Mar-20

Mar-21

Mar-22

Mar-23

Mar-24

Net Interest Income

Operating Profit

Net Profit

GNPA

NNPA

5/48

02

Business Snapshot

6/48

Business Snapshot

₹ in Cr

Domestic Deposits

Sl No

Parameter

31.03.2023

31.12.2023 31.03.2024 QoQ (%) YoY (%)

1 Deposits

621166

654154

688000

5

11

Domestic

608027

629401

661826

Deposits

Domestic

608027

629401

661826

5

9

258922

280012

Overseas

13139

24753

26174

6

99

Domestic CASA

260239

38598

Deposits breakup

Current

35366

33301

account

241414

225621

224873

Current

35857

33814

38993

15

9

Savings

Bank

Savings

224952

225698

241494

7

7

Term

370479

381814

347788

CASA

Deposits

260809

259512

280487

8

8

CASA % (Global)

41.99%

39.67%

40.77%

31.03.2023

31.12.2023

31.03.2024

CASA % (Domestic)

42.80%

41.14%

42.31%

Term Deposits

360357

394642

407513

3

13

Domestic CASA

100.00

48.00

2 Advances

473586

509800

533773

5

13

90.00

46.00

80.00

Domestic

443921

474355

498160

5

12

44.00

42.80

42.31

41.14

70.00

Overseas

42.00

60.00

29665

35445

35613

0.5

20

CASA%

40.00

36.98

35.85

36.48

50.00

CD Ratio %

76.24%

77.93%

77.58%

38.00

40.00

SB %

30.00

3 Business

1094752

1163954

1221773

5

12

36.00

34.00

5.82

5.29

5.83

20.00

CA %

10.00

Domestic

1051948

1103756

1159986

5

10

32.00

30.00

0.00

Overseas

42804

60198

61787

3

44

Mar'23

Dec'23

Mar'24

7/48

Advances (Domestic)

₹ in Cr

Sector Gross Advances-Domestic Retail Agriculture MSME Total (RAM) RAM % to Gross Domestic Advances Corporate

31.03.2023 443921 91086 101937 79656 272679 61.43% 171242

31.12.2023 474355 99251 114422 83172 296845 62.58% 177510

31.03.2024 498160 104735 121062 84121 309918 62.21% 188242

YoY (%) 12 15 19 6 14 - 10

Retail

31.03.2023

31.12.2023

31.03.2024

YoY (%)

Home Loan (Incl.Mortgage loans)

59840

64343

66423

11%

Auto Loan

5377

7291

8016

49%

Personal Loan

7769

8648

8566

10%

Jewel Loan Non Priority

5206

5626

5366

3%

Other Retail Loan

12894

13343

16364

27%

Retail

91086

99251

104735

15%

Agriculture

31.03.2023

31.12.2023

31.03.2024

YoY (%)

Crop Loans

77894

86787

92473

19%

Investment Credit

11980

12759

13136

10%

31.03.2024

RAM Corporate Credit

Agri allied

3610

5296

5842

62%

Infrastructure & Ancillary

8453

9580

9611

14%

Corporate 38%

Retail 21%

272679

296845

309918

171242177510188242

Agriculture

101937

114422

121062

19%

MSME

31.03.2023

31.12.2023

31.03.2024

YoY (%)

Domestic

Credit

Agriculture

24%

MSME 17%

31.03.2023 31.12.2023 31.03.2024

Micro

43285

45676

47468

10%

Small

26032

27373

25948

0%

Medium

10339

10123

10705

4%

MSME

79656

83172

84121

6%

8/48

Priority Sector Lending

RBI Benchmark Mandatory Target

Achievement

Segment (as on 31.03.24)

(Excluding PSLC)

(as % of ANBC)

(Amount)

Amount

%

Priority Sector

40.00%

162946 178527

43.82%

Agriculture

18.00%

73326

83590

20.52%

Small and Marginal Farmers

10.00%

40737

44242

10.86%

Weaker Section

12.00%

48884

54382

13.35%

Micro under MSME

7.50%

30552

47256

11.60%

Non Corporate farmers

13.78%

56135

65364

16.05%

  • in Cr

Surpassed all the mandatory targets stipulated by RBI under Priority Sector advances

Self Help Group

  • No. of SHGs : 4.21 lakh
  • Balance Outstanding: ₹19243 Cr YoY:37%)
  • Disbursements (FY24): ₹15689 Cr
  • Women Beneficiaries: 55.25 lakhs (Nos)

Position as on 31.03.2024

Stand Up INDIA

MUDRA (Including RRBs)

PM SVANidhi

(Cumulative till Mar'24)

(Cumulative till Mar'24)

• No. of loans Disbursed : 11428

In FY24 :

• No of loans Disbursed

: 5.77 lakh

• No. of loans disbursed: 7.14 lakh

• Amount of Disbursements : ₹747 Cr

• Amount of Disbursements: ₹2546 Cr

• Outstanding Balance: ₹264 Cr

• Achievement: 100%

• Amount disbursed : ₹11700 Cr

  • Achievement: 106%

9/48

Sector Deployment - Domestic Advances

₹ in Cr

% share

% share

YoY

Sector

31.03.2023

to Gross

31.03.2024

to Gross

(%)

Advances

Advances

Infrastructure

54857

12

61254

12

12

of which

Power

20271

5

22006

4

9

Port and Road Project

8495

2

8696

2

2

Other infrastructure

26091

5

30552

6

17

Basic Metal

9729

2

9862

2

1

Textiles

7624

2

8417

2

10

Petroleum and Coal Products

9934

2

9190

2

-7

All Engineering

5596

1

7174

1

28

Food Processing

9170

2

10155

2

11

Trade

22421

5

24842

5

11

Commercial Real Estate

13980

3

17989

4

29

Home Loans/Auto Loans/Other Retail

91086

21

104735

21

15

Agriculture

101937

23

121062

24

19

NBFC

66419

15

55194

11

-17

Others (Other Industries/Sectors)

51168

12

68286

14

33

Total Domestic Advances

443921

100

498160

100

12

10/48

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Disclaimer

Indian Bank published this content on 06 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 May 2024 14:34:08 UTC.