Performance Highlights [Company Update]
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Transcript of Performance Highlights [Company Update]
Growth Powered by Technology, Driven by Customers
Financial Results
31st
December 2015
Growth Powered by Technology, Driven by Customers
Performance Highlights – Quarter ended December 2015
Total Business of the Bank is at Rs. 2,15,171 Cr.
Advances up by 13 %.
Net Interest Income up by 33 %.
NIM improved to 2.44% up by 56 bps.
Fee based Income up by 32%.
Operating Profit for the quarter up by 26%.
Net profit up by 41%
CD ratio improved to 71.49%.
Gross NPA at 4.32%.
Net NPA at 2.98%.
Provision Coverage Ratio at 58.07%.
CRAR (Basel III) at 10.65%.
Q3
Highlights
(Y-o-Y)
Growth Powered by Technology, Driven by Customers
Business Mix
124051
79136
203187
125475
89696
215171
Dec-14 Dec-15
Gr. Advances Total Business Total Deposits
Parameters Dec’2014 Dec’2015 Growth (%)
Total Deposits 124051 125475 1.15
Gross Advances 79136 89696 13.34
Total Business 203187 215171 5.90
(Rs. Cr)
Growth Powered by Technology, Driven by Customers
CASA, Retail & Bulk Term Dep.
Type of Deposit Dec’ 14 Dec’15 Y-o-Y Growth (%)
Saving Deposits 17692 19888 12.41
Current Deposits 5998 6104 1.77
CASA Deposits 23671 25992 9.81
CASA as % of total deposits 19.08 20.72
Retail Term Deposits 37343 43310 15.98
Bulk Term Deposits 56694 42588 (24.88)
23671
25992
20000
22500
25000
27500
CASA
Retail Term Deposits grew by 15.98%
CASA % increased by 164 bps
(Rs. Cr)
Growth Powered by Technology, Driven by Customers
Credit Portfolio
Diversified Credit Portfolio
Focus on Retail
Sectors 31.12.14 31.12.15
%Growth
Y-o-Y 31.03.15
Total Advances 79136 89696 13.34 87692
Priority Sector
Advances 27450 34955 27.34 30714
Agriculture 10917 12859 17.79 11389
MSE 10838 14989 38.30 13217
MSME 12717 16290 28.10 15165
Retail Advances 17609 22204 26.09 18735
(Rs. Cr)
Growth Powered by Technology, Driven by Customers
Retail Credit
15000
20000
25000
Dec-14 Mar-15 Dec-15
17609 18735
22204
Retail Credit
(Rs. Cr)
Retail Credit accounts for 24.75 % of Gross Advances
Scheme 31.12.14 31.12.15 %Growth
Y-o-Y 31.03.15
Housing Loans 6066 7963 31.27 6526
Education Loans 874 1085 24.14 903
Other retail loans 10669 13156 23.31 11306
Total Retail Loans 17609 22204 26.09 18735
Growth Powered by Technology, Driven by Customers
Priority Sector Credit
10000
15000
20000
25000
30000
35000
Dec-14 Dec-15
27450
34955
Priority Credit
(Rs. Cr)
Priority Sector Advances grew by 27.34 % Y-o-Y
Parameters 31.12.14 31.12.15 %Growth
Y-o-Y 31.03.15
Priority Sector Advances 27450 34955 27.34 30714
% to ANBC 32.14 38.21 18.89 35.97
Agriculture 10917 12859 17.79 11389
MSE 10838 14989 38.30 13217
Growth Powered by Technology, Driven by Customers
Sector-Wise Credit Portfolio
Diversified Credit Portfolio
Sectors 31.12.14 31.12.15
% Growth
Y-o-Y 31.03.15
Infrastructure 22112 22922 3.66 23413
Real Estate 13043 13315 2.09 19042
NBFC 8868 9600 8.25 10410
Capital Market 25 21 (16.00) 265
Food Credit 1705 1626 (4.63) 1383
Others 33383 42212 26.45 33179
Total Gross Credit 79136 89696 13.34 87692
(Rs. Cr)
Growth Powered by Technology, Driven by Customers
Infrastructure
Sectors 31.12.14 31.12.15
% to total Advances
31.12.2015 Y-o-Y
Growth (%) 31.03.2015
Energy 15105 15697 17.50 3.92 15806
Transport 4491 4072 4.54 (9.33) 4770
Communication 711 705 0.79 (0.84) 709
Social & Commercial Infrastructure 1194 1836 2.05 53.77 1544
Water & Sanitation 611 612 0.68 0.16 584
Total Infrastructure Lending 22112 22922 25.56 3.66 23413
(Rs. Cr)
Growth Powered by Technology, Driven by Customers
Exposure to Power Sector
Sectors Generation Transmission Distribution Total
Central Govt. Undertakings 1102.62 - - 1102.62
State Govt. Undertakings 2831.11 1747.81 7600.67 12179.59
Private Sector 4445.66 406.66 - 4852.32
Total Exposure 8379.39 2154.47 7600.67 18134.53
States Generation Transmission Distribution Total
Karnataka 1717.01 1381.40 1004.71 4103.12
Andhra Pradesh 1415.64 - 705.60 2121.24
Gujarat 963.75 773.07 147.00 1883.82
Rajasthan - - 1533.57 1533.57
Uttar Pradesh - - 1063.90 1063.90
Haryana 250.00 - 1055.68 1305.68
Tamil Nadu 54.61 - 1084.06 1138.67
Kerala - - 419.14 419.14
Punjab - - 396.37 396.37
Maharashtra 1458.94 - 190.64 1649.58
WB 112.60 - - 112.60
Chhattisgarh 74.61 - - 74.61
Delhi 1827.76 -- --- 1827.76
Other States 504.47 - - 504.47
TOTAL 8379.39 2154.47 7600.67 18134.53
(Rs. Cr)
State Wise Exposure
Exposure as on 31.12.2015
Growth Powered by Technology, Driven by Customers
Investments
Particulars 31.12.14 31.12.15
%Growth (Y-o-Y)
31.03.15
Govt. Securities 35909 35041 (2.42) 34930
Other Approved Securities 3 3 - 03
Shares 318 362 13.84 325
Debentures & Bonds 3788 3089 (18.45) 3855
Others 6699 446 (93.34) 5585
Total 46717 38941 (16.64) 44698
46717
38941
30000 40000 50000
Investments
31.12.2015 31.12.2014
(Rs. Cr)
Growth Powered by Technology, Driven by Customers
Investments
Category Dec - 14 Mar - 15 June - 15 Sept - 15 Dec -15
HTM 29296 30196 25252 22332 24062
AFS 17195 13960 16795 13728 14387
HFT 226 542 537 564 492
TOTAL 46717 44698 42584 36624 38941
(Rs. Cr)
Modified Duration
AFS 4.85
Entire Portfolio 4.78
62%
37%
1%
HTM AFS HFT
Growth Powered by Technology, Driven by Customers
Income & Expenditure
Parameters Q3
Dec - 14 Dec - 15 Growth %
Interest Income 3034 3028 (0.20)
Other Income 269 209 (22.30)
Total Income 3303 3237 (2.00)
Interest Expenditure 2479 2290 (7.62)
Operating Expenditure 473 504 6.55
Total Expenditure 2952 2794 (5.35)
94%
6%
Interest Income
Non - Interest Income
(Rs. Cr)
Growth Powered by Technology, Driven by Customers
Interest Income
Parameters
Q3
Dec - 14 Dec - 15 Growth %
Interest on Advances 2140 2232 4.30
Interest on Investments 776 737 (5.03)
Other Interest 118 59 (50.00)
Total Interest Income 3034 3028 (0.20)
(Rs. Cr)
Growth Powered by Technology, Driven by Customers
Non-Interest Income
Parameters
Q3
Dec - 14 Dec - 15 Growth %
Trading Income 158 45 (71.52)
Recovery in AUC 18 42 133.33
Commission, Exchange & Brokerage 26 31 19.23
Profit on Foreign Exchange 11 11 -
Charges – PC,IC, Service Charges etc. 52 72 38.46
Others 4 8 100.00
Total Non-Interest Income 269 209 (22.30)
(Rs. Cr)
Growth Powered by Technology, Driven by Customers
Operating Expenses
Parameters
Q3
Dec - 14 Dec - 15 Variation%
Staff Cost 288 309 7.29
Other Operating Expenses 185 195 5.41
Total Operating Expenses 473 504 6.55
(Rs. Cr)
Growth Powered by Technology, Driven by Customers
Profit and Profitability
Parameters
Q3
Dec - 14 Dec - 15 Growth %
Net Interest Income 555 738 33
Operating Profit 351 443 26
Net Profit 37 53 41
(Rs. Cr)
Growth Powered by Technology, Driven by Customers
Operating Performance
0
50
100
150
200
250
300
350
400
450
351
443
Dec-14 Dec-150
10
20
30
40
50
60
37
53
Dec-14 Dec-15
Net Interest Income
Net Profit
Fee-based Income
Operating Profit
Operating profit up by 26%
0
100
200
300
400
500
600
700
800
555
738
Dec-14 Dec-150
20
40
60
80
100
120
140
93
122
Dec-14 Dec-15
Net interest income up by 33%
Fee based Income up by 31%
(Rs. Cr)
Net Profit up by 41%
Growth Powered by Technology, Driven by Customers
Provisions
Parameters
Q3
Dec - 14 Dec – 15 Increase/
(Decrease)%
Total Provisions & Contingencies 313 390 24.60
Provisions for NPA 328 279 (14.94)
Provisions for Investment (23) (2) (91.30)
Provision for Taxation 5 73
Other Provisions 3 40
(Rs. Cr)
Growth Powered by Technology, Driven by Customers
Key Ratios
Quarterly
Ratios Dec - 14 March - 15 June - 15 Sept - 15 Dec - 15
Cost of Deposits 8.11 7.99 7.62 7.50 7.26
Yield on Advances 11.30 11.17 10.86 10.83 10.62
Yield on Investments 8.85 8.39 7.88 8.12 8.07
Cost of Funds 7.43 7.49 6.96 6.75 6.69
Yield on Funds 9.10 9.35 8.88 8.77 8.85
NIM 1.88 2.02 2.13 2.30 2.44
RoA 0.11 0.28 0.41 0.34 0.15
Return on Net-worth 2.51 6.50 9.51 7.53 3.39
(In Percent)
Growth Powered by Technology, Driven by Customers
Productivity
Quarterly
Parameters Dec - 14 Mar - 15 Jun - 15 Sept - 15 Dec - 15
Business per Employee 14.86 14.96 14.64 14.38 14.43
Business per Branch 129.83 132.28 121.54 119.84 119.74
(Rs. Cr)
Growth Powered by Technology, Driven by Customers
Capital Funds (Basel III)
Quarterly
Particulars Dec - 14 Mar- 15 Dec - 15
Capital 7573.50 8895.16 8749.44
Tier–I / Common Equity Tier-1 5605.08 5919.73 5919.10
Additional Tier - 1 0 494.90 490.12
Tier – II 1968.42 2480.53 2340.22
Total Risk Weighted Assets 71641.88 77837.56 82164.76
CRAR
Total CRAR (%) 10.57 11.43 10.65
Dec-14 Mar-15 Dec-15
Tier-II 2.75 3.19 2.85
Tier-I 7.82 8.24 7.80
0
2
4
6
8
10
12
(Rs. Cr)
(In Percent)
Growth Powered by Technology, Driven by Customers
Book Value
(In Rs.)
69
69.5
70
70.5
71
71.5
72
72.5
73
73.5
69.62
72.56
31.12.2014 31.12.2015
As on 31.12.2015
Paid up sh. Capital Rs. 859.12 Cr
Networth Rs. 6233.72 Cr
Growth Powered by Technology, Driven by Customers
Asset Quality
Quarterly
Parameters 31.12.14 31.03.15 30.06.15 30.09.15 31.12.15
Gross NPA 2311 2443 2871 3460 3871
Gross NPA (%) 2.92 2.78 3.39 3.98 4.32
Net NPA 1476 1660 2058 2442 2636
Net NPA (%) 1.89 1.92 2.45 2.84 2.98
Provision Coverage Ratio (%) 65.77 64.01 60.59 58.28 58.07
(Rs. Cr)
Growth Powered by Technology, Driven by Customers
Gross NPA & Net NPA
2.92 2.78
3.39
3.97 4.32
1.89 1.92
2.45
2.84 2.98
0.00
0.50
1.00
1.50
2.00
2.50
3.00
3.50
4.00
4.50
5.00
31.12.2014 31.03.2015 30.06.2015 30.09.2015 31.12.2015
Gross NPA % Net NPA %
In Percent
Growth Powered by Technology, Driven by Customers
NPA Movement
Particulars
2014-15 2015-16
Q1 Q2 Q3 Q4 Q1 Q2 Q3
Opening Balance 1986 1986 2239 2311 2443 2871 3460
Additions 561 1292 742 793 887 972 961
Off Which :
Slippage from Restructured
48 230 48 126 263 16 4
Reductions 478 1039 670 661 460 383 550
Cash Recovery-Ledger Balance
112 333 106 208 73 57 13
Upgradation 226 441 260 231 185 261 467
Write-Off 140 265 304 222 202 65 70
Gross NPA 2069 2239 2311 2443 2871 3460 3871
(Rs. Cr)
Growth Powered by Technology, Driven by Customers
Sector Wise Classification of NPAs
Sector/Scheme 31.12.14 31.03.15 31.12.15
Agriculture 352 338 509
MSME 433 361 637
Education Loans 31 30 34
Housing Loans 82 57 81
Personal Loans 5 5 6
CRE 113 110 114
Others 1295 1542 2490
Total 2311 2443 3871
(Rs. Cr)
Growth Powered by Technology, Driven by Customers
Restructuring : Total Loans Restructured
Details 31.12.14 31.03.15 31.12.15
Industrial Loans 869 1081 1081
MSME 367 521 521
Agricultural Loans 187 185 191
Housing Loans 304 305 305
Infrastructure 4970 5592 5592
CRE 273 273 273
Other Loans 1031 868 868
Total 8001 8825 8831
Balance Outstanding 5290 6193 5226
NPA o/s 729 907 976
(Rs. Cr)
Growth Powered by Technology, Driven by Customers
Expanding Network
Delivery Channels Dec 2014 Dec 2015
Branch Network 1565 1797
ATM Strength 1568 1584
390
458
491
458
Metro Urban Semi-Urban Rural
207
973
208
120 242
47
Central South North
East West North East
Branch Spread Geographical Centre-Wise Branches
Growth Powered by Technology, Driven by Customers
Shareholding Pattern
As on December 31, 2015
74%
13%
8% 3%
2 %
Govt of India Individuals DIIs FIIs Other Corp
Growth Powered by Technology, Driven by Customers
Digital Banking
Internet Banking Users (In Lakh)
0
2
4
6
Dec-14 Mar-15 Dec-15
2.61 3.00
4.11
0
100000
200000
300000
Dec-14 Mar-15 Dec-15
23572 43370
298939
Mobile Banking Users
0
20
40
60
Dec-14 Mar-15 Dec-15
40.64 44.59 51.31
Debit Card Base (In lakh)
Expanding Digital Presence
Improving mobile transactions
Growth Powered by Technology, Driven by Customers
Customer Analytics
Particulars Dec 2014 Dec 2015
Advances Clientele 8.16 9.53
Deposits Clientele 124.90 131.79
Total Customer Base 133.06 141.32
(In Lakhs)
13.30
14.13
5.00
7.00
9.00
11.00
13.00
15.00
Customer Base
31.12.2014 31.12.2015
Trust of over 14 million customers
(Million)
Growth Powered by Technology, Driven by Customers
Awards & Accolades : Recognition Galore!!
Growth Powered by Technology, Driven by Customers
Awards & Accolades : Recognition Galore!!
Growth Powered by Technology, Driven by Customers
http://www.vijayabank.com