Indian Overseas Bank : Presentation to Analysts September 2023

October 31, 2023 at 06:42 am EDT

Performance

Analysis

Q2/H1-FY2023-24

INDEX

VISION----------	3
PERFORMANCE HIGHLIGHTS ----------	4
FINANCIAL PERFORMANCE ----------	6
BUSINESS PERFORMANCE----------	13
NPA MANAGEMENT----------	22
CAPITAL ADEQUACY----------	25
FINANCIAL INCLUSION----------	27
DIGITAL INITIATIVES----------	28
CUSTOMER TOUCH POINT----------	33
SHARE HOLDING PATTERN----------	35
ASSETS & LIABILITIES----------	37
ESG INITIATIVES----------	38

Performance Analysis Q2-FY24

PERFORMANCE HIGHLIGHTS

IND

BUSINESS GROWTH

(Rs. In Crores)

	Parameters
GROWTH	CASA
CASA%

	Total Deposits
BUSINESS	Home Loan
Jewel Loan

	Advances
	Business

Sep-22	Jun-23Sep-23	Q-o-Q %	Y-O-Y ( %)
111924	116694	119206	2.15%	6.51%
42.76%	44.14%	43.65%	(49 bps)	89 bps
261728	264401	273093	3.29%	4.34%
22458	24790	25596	3.25%	13.98%
35128	38837	41572	7.04%	18.35%
172713	191263	208913	9.23%	20.96%
434441	455664	482006	5.78%	10.95%

PROFITABILITY

(Rs. In Crores)

Profitablity

Parameters	Sep-22	Jun-23Sep-23	Q-o-Q (%) Y-o-Y (%)
	Net Interest Income	1953	2323	2346
		0.99%	20.09%

	Net Interest Margin	2.79	3.21		3.12		(9 bps)	33 bps
	Operating Expenses	1594	1781	1783		0.14%	11.85%

	Operating Profit	1494	1345	1677		24.66%	12.24%
								4
	Net Profit	501	500	625		24.83%	24.58%

Performance Analysis Q2-FY24

Parameters
ASSET QUALITY	Gross NPA
Net NPA

	GNPA%
	NNPA%

PERFORMANCE HIGHLIGHTS

ASSET QUALITY

				(Rs. In Crores)

Sep-22	Jun-23	Sep-23	Q-o-Q (%)	Y-o-Y (%)
14726	13629	9893	-27.41%	-32.82%
4149	2590	1364	-47.32%	-67.11%
8.53%	7.13%	4.74%	239 bps	379 bps
2.56%	1.44%	0.68%	76 bps	188 bps

STREGTHENING FINANCIAL INDICATORS

STRENGTHENING

FINANCIAL

INDICATORS

Parameters

PCR

CRAR

ROA

ROE

Sep-22	Jun-23Sep-23
90.94%	94.03%	96.76%
15.14%	16.56%	17.00%
0.65%	0.62%	0.75%
15.42%	13.44%	16.16%

(Rs. In Crores)

Q-o-Q (%) Y-o-Y (%)

273 bps	582 bps

44 bps	185 bps

13 bps	10 bps

272 bps	74 bps

Performance Analysis Q2-FY24

FINANCIAL PERFORMANCE

(Rs. In Crores)

	Quarter Ending	Half Year Ended		Growth %
Particulars
Sep-22	Jun-23	Sep-23	H1 FY 22-23	H1 FY 23-24	Q-o-Q %	Y-o-Y %	HY 23-24 over

								HY 22-23
Interest Income	4718	5424	5821	9153	11245	7.31%	23.39%	22.86%
Interest Expenses	2764	3102	3475	5445	6577	12.05%	25.72%	20.78%
Net Interest Income	1953	2323	2346	3707	4669	0.99%	20.09%	25.93%
Non Interest Income	1135	803	1114	1728	1917	38.75%	-1.82%	10.96%
Operating Income	3088	3126	3460	5435	6586	10.69%	12.04%	21.17%
Operating Expenses	1594	1781	1783	2915	3563	0.14%	11.85%	22.24%
Operating Profit	1494	1345	1677	2520	3022	24.66%	12.24%	19.93%
Total Provisions	993	845	1053	1627	1897	24.57%	6.01%	16.64%
Net Profit/Loss	501	500	625	893	1125	24.83%	24.58%	25.93%

								6

Performance Analysis Q2-FY24

TOTAL INCOME

(Rs. In Crores)

	Quarter Ending	Half Year Ended		Growth %
Particulars
Sep-22	Jun-23	Sep-23	H1 FY 22-23	H1 FY 23-24	Q-o-Q %	Y-o-Y %	HY 23-24 over

								HY 22-23
Interest on Loans	3139	3913	4288	6004	8201	9.58%	36.61%	36.60%
Interest on Investment	1489	1427	1461	3005	2887	2.38%	-1.94%	-3.94%
Other Interest Income	89	84	72	143	157	-14.22%	-18.80%	9.51%
Total Interest Income	4718	5424	5821	9153	11245	7.31%	23.39%	22.86%

Exchange & Commission	281	275	328	541	602	19.45%	16.72%	11.37%
Profit on Sale of Investment	23	22	37	206	59	64.89%	58.57%	-71.26%
Loss on revaluation of Investment	-126	-82	41	-352	-42	-149.13%	-132.14%	-88.09%
Profit on Exchange	129	75	39	366	114	-48.35%	-69.84%	-68.86%
Recovery from technichal Written	332	407	425	640	832	4.51%	28.01%	29.95%
of Account

All other Income	496	107	245	327	352	129.39%	-50.59%	7.60%
Total Non Interest Income	1135	803	1114	1728	1917	38.75%	-1.82%	10.96%
Total Income	5852	6227	6935	10880	13163	11.37%	18.50%	20.97%

								7

Performance Analysis Q2-FY24

FEE BASED INCOME

(Rs. In Crores)

Particulars

A.Exchange & Commission B.Income from Non Fund Based Business C.Processing charges D.ATM/DBD Related Income E.Marketing/FI/Govt Business F.Miscellaneous Income FEE BASED INCOME (A+B+C+D+E+F) Overseas Fee Based Income - Global

Quarter Ending	Half Year Ended
Sep-22	Jun-23	Sep-23	H1 FY 22-23	H1 FY 23-24
88	59	83	164	143
43	46	45	89	91
92	95	110	166	205
70	95	96	141	191
10	13	20	28	32
29	30	165	53	195
332	338	519	641	856
23	19.6	22.3	31.0	41.8
355	357	541	672	898

	Growth %
Q-o-Q %	Y-o-Y %	HY 23-24 over
HY 22-23

40.22%	-5.38%	-13.02%
-2.13%	4.12%	1.71%
15.65%	19.31%	23.29%
1.55%	37.65%	35.62%
57.31%	97.91%	15.62%
447.28%	468.27%	267.76%
53.65%	56.25%	33.60%
13.81%	-3.26%	34.84%
51.47%	52.39%	33.65%

Performance Analysis Q2-FY24

TOTAL EXPENSES

(Rs. In Crores)

Particulars

Interest on Deposits Interest on Borrowings Total Interest Expenses Staff Expenses Other Expenses Operating Expenses

Total Expenses

Quarter Ending	Half Year Ended
Sep-22	Jun-23	Sep-23	H1 FY 22-23	H1 FY 23-24
2621	2846	3143	5225	5989
143	256	332	220	588
2764	3102	3475	5445	6577
1044	1215	1138	1894	2354
550	565	645	1021	1210
1594	1781	1783	2915	3563
4358	4882	5258	8360	10140

	Growth %
Q-o-Q %	Y-o-Y %	HY 23-24 over
HY 22-23

10.44%	19.91%	14.61%
29.91%	132.08%	167.10%
12.05%	25.72%	20.78%
-6.36%	9.03%	24.27%
14.10%	17.22%	18.49%
0.14%	11.85%	22.24%
7.70%	20.65%	21.29%

Performance Analysis Q2-FY24

PROFIT PARAMETER

(Rs. In Crores)

Particulars	Quarter Ending
Sep-22	Jun-23	Sep-23

Half Year Ended H1 FY 22-23 H1 FY 23-24

	Growth %
Q-o-Q %	Y-o-Y %	HY 23-24 over
HY 22-23

Operating Profit	1494	1345	1677	2520	3022	24.66%	12.24%	19.93%
Provisions	993	845	1053	1627	1897	24.57%	6.01%	16.64%
of which NPA Provisions	627	809	1121	760	1930	38.45%	78.67%	153.87%
Other Provisions	366	36	-68	867	-32	-290.66%	-118.59%	-103.73%
Net Profit	501	500	625	893	1125	24.83%	24.58%	25.93%
			Q to Q PROFIT
			1882			1677
1494	1540
			1345
				1232
						1053
993		985			845

				650		625
501		555		500


Sep-22	Dec-22	Mar-23		Jun-23	Sep-23
			Operating Profit		Provisions	Net Profit	10

Performance Analysis Q2-FY24

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IOB - Indian Overseas Bank published this content on 31 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 October 2023 10:41:50 UTC.

	1st Jan change	Capi.
INDIAN OVERSEAS BANK	+54.16%	15.13B
JPMORGAN CHASE & CO.	+13.75%	556B
BANK OF AMERICA CORPORATION	+12.36%	298B
INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED	+8.64%	247B
WELLS FARGO & COMPANY	+21.72%	210B
BANK OF CHINA LIMITED	+16.11%	170B
CHINA CONSTRUCTION BANK CORPORATION	+6.88%	162B
HSBC HOLDINGS PLC	+4.42%	153B
HDFC BANK LIMITED	-11.67%	138B
ROYAL BANK OF CANADA	+0.10%	139B

1st Jan change

Capi.

INDIAN OVERSEAS BANK

+54.16%

15.13B

JPMORGAN CHASE & CO.

+13.75%

556B

BANK OF AMERICA CORPORATION

+12.36%

298B

INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED

+8.64%

247B

WELLS FARGO & COMPANY

+21.72%

210B

BANK OF CHINA LIMITED

+16.11%

170B

CHINA CONSTRUCTION BANK CORPORATION

+6.88%

162B

HSBC HOLDINGS PLC

+4.42%

153B

HDFC BANK LIMITED

-11.67%

138B

ROYAL BANK OF CANADA

+0.10%

139B

Market Closed - NSE India S.E. Other stock markets 07:43:47 2024-04-26 am EDT			5-day change	1st Jan Change
66.75 ^INR	-0.22%		+8.98%	+54.16%

Apr. 26	Mudunuru Wins Contract Valued at INR10 Million	MT
Apr. 22	IOB Plans to Raise Equity Capital Up to INR 50,000 Million in FY25	CI

Mudunuru Wins Contract Valued at INR10 Million	Apr. 26	MT
IOB Plans to Raise Equity Capital Up to INR 50,000 Million in FY25	Apr. 21	CI
Indian Overseas Bank Receives Notice of Demand Under Section 156 of Income Tax Act, 1961	Mar. 30	CI
Indian Overseas Bank Announces Board Changes	Mar. 11	CI
Indian Overseas Bank Announces Resignation of Ms. S Srimathy as Executive Director	Mar. 10	CI
Orient Bell Chief Human Resources Officer Steps Down; Successor Named	Mar. 04	MT
Indian Overseas Bank Appoints Shri Srinivasan Sridhar as Part-Time Non-Official Director and Non-Executive Chairman	Feb. 21	CI
Indian Overseas Bank Announces Change in Directorate	Jan. 30	CI
Indian Overseas Bank's Consolidated Profit Jumps in Fiscal Q3	Jan. 25	MT
Indian Overseas Bank Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023	Jan. 24	CI
IREDA, Indian Overseas Bank Tie Up for Co-Lending for Renewable Energy Projects	Jan. 16	MT
Indian Overseas Bank Reportedly to Sell INR 4,570 Million MSME NPAs	Nov. 23	CI
Indian Overseas Bank Clocks Rise in Fiscal Q2 Consolidated Net Profit	23-10-27	MT
Indian Overseas Bank Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023	23-10-27	CI
Indian Overseas Bank Announces Change in Directorate	23-10-25	CI
Indian Overseas Bank Appoints Dhanaraj T. as Executive Director	23-10-09	CI
Brahmaputra Infrastructure Limited announced that it has received INR 1.916547334 billion in funding from Punjab National Bank, Indian Overseas Bank, Union Bank of India, Indian Bank	23-09-07	CI
India considers raising retirement age for state-owned bank bosses	23-08-26	RE
Brahmaputra Infrastructure Signs Debt Restructuring Agreement with Lenders; Shares Jump 7%	23-08-17	MT
CARE Keeps AA- Rating on Indian Overseas Bank's Bonds; Shares Surge 12%	23-08-11	MT
Brahmaputra Infrastructure Limited announced that it expects to receive INR 1.91654731 billion in funding from Punjab National Bank, Indian Overseas Bank, Union Bank of India, Indian Bank	23-08-04	CI
Indian Overseas Bank Clocks Gains in Fiscal Q1 Consolidated Net Profit	23-08-03	MT
Indian Overseas Bank Reports Earnings Results for the First Quarter Ended June 30, 2023	23-08-02	CI
Indian Overseas Bank Hikes Base Rate by 20 Basis Points	23-06-14	MT
RBI Imposes Penalty on Indian Overseas Bank for Flouting Norms	23-06-05	MT

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