Presentation on Analysis of Financial Results March 2019 · •Business Turnover of ` 1,23,280...

Presentation on Analysis of Financial Results

March 2019

Table of contents

2

1FY19 - Financial Performance

Goal - FY20

3

FY19 - Financial Performance

• Business Turnover of ` 1,23,280 crore

as on 31.03.2019.

• Networth of ` 5,785 crore as on

31.03.2019.

• 2,046 service outlets with 836 branches

and 1,210 ATMs (incl. 330 recyclers) in

542 centres across India as on

31.03.2019.

• Offers wide variety of corporate and

retail banking products and services to

over 10.3 million customers.

• Incorporated in 1924, one of the oldest

time tested private sector Banks.

Evolution

Offers wide verity of banking products

With ` 1,23,280 Cr

business turnover

Oldest Bank

2,047 Outlets all over India

3 Months 12 Months

KPAs Q4 FY 19 Q4 FY 18 Q4 FY 19 Q4 FY 18

Turnover 1,23,280 1,10,123 1,23,280 1,10,123

Operating profit 324.23 475.33 1,449.81 1,473.16

Net profit 61.73 11.00 477.24 325.61

Return on Asset 0.32% 0.06% 0.64% 0.49%

Earning per Share 2.18 0.39 16.89 11.52

Return on Equity 4.29% 0.81% 8.53% 6.17%

Net Interest Income 480.88 541.51 1,905.12 1,857.65

Net Interest Margin 2.87% 3.54% 2.93% 3.18%

Gross NPA 4.41% 4.92% 4.41% 4.92%

Net NPA 2.95% 2.96% 2.95% 2.96%

Cost to Income 57.97% 43.14% 50.13% 47.61%

CRAR (Basel III) 13.17% 12.04% 13.17% 12.04%

Highlights – Q4 FY 19

(` crs)

17,2

98

17,3

58

19,2

15

45,4

06

46,4

79

48,1

25

17,1

58

17,5

94

16,4

73

43,3

12

42,1

96

40,0

89

1,113

1,3041,1802,2553,081

171

0

10,000

20,000

30,000

40,000

50,000

60,000

70,000

Mar '17 Mar '18 Jun '18 Sept '18 Dec '18 Mar '19

CASA Retail Wholesale deposits *

6

Deposits

Deposits (` crs)

Deposits break up (Mar „19)

56,733

65,14162,871

CASA share to total Deposits

* Wholesale deposits = Purchase liability + Certificates of deposit + Interbank deposits

63,88562,725

22.28%

5.79%

1.63%

70.30%

Savings Bank Current Account

Wholesale deposits Retail Term Deposits

68,452

29.04%

27.99%27.35%

27.08%26.65%

28.07%

20%

21%

22%

23%

24%

25%

26%

27%

28%

29%

30%


7

Advances [Net] (` crs)

36,916

47,252

47,731

49,970

51,961

54,828

0 15,000 30,000 45,000 60,000

Mar '17

Mar '18

Jun '18

Sept '18

Dec '18

Mar '19

Advances

RatingNo of

BorrowersBalance O/s

(in cr)

% to GBC

Of which, NPA – no. of

borrowers

NPA – Bal o/s (cr)

AAA22

(18)7,925.19

(6,161.32)14.23

(12.77)- -

AA44

(36)6,284.86

(4,211.27)11.28(8.73)

- -

A37

(28)1,789.11(734.75)

3.21(1.52)

- -

BBB80

(63)1,860.20

(1,641.70)3.34

(3.40)1

(-)31.26

(-)

BB72

(71)1,719.83

(1,840.44)3.09

(3.81)1

(1)24.75

(22.72)

B33

(34)487.51

(509.37)0.88

(1.06)2

(1)90.64

(31.86)

C1

(1)12.95

(10.09)0.02

(0.02)1

(-)12.95

(-)

D23

(20)832.44

(1,001.35)1.49

(2.08)10(7)

638.09(808.31)

Total312

(271)20,912.09

(16,110.29)37.55

(33.39)

15(9)

797.69(862.89)

Gross Bank Credit 55,692.75(48,245.51)

External rating wise Credit Portfolio as of Mar „19[ Figures in brackets – as of Mar „18]

Advances

Segmentation of Gross Advances (Mar „19)

CRE

5.94%

Others

4.78%

NBFC

15.22%

Medium

Ent.

2.81%

Other

Personal

loans

5.61%

Large Ent.

15.19%

Housing

13.01%

Agriculture

*

10.94%

Micro-

Small Ent.

18.28%

Infra

8.20%

* However, this works out to 15.81% of the ANBC of 31.03.2018.

52.6

%

45

.1%

45

.1%

45.5

%

43.7

%

42.8

%

10.8%

8.7% 8.8% 9.0% 8.7% 8.4%

36.6

%

46.2

%

46.1

%

45.5

%

47.7

%

48.7

%

0%

25%

50%

75%

100%


Large Corporate Mid Corporate Retail

Retail & Corporate Advances (%)

8

9

CD Ratio

65.1% 75.2% 76.1% 78.2% 79.8% 80.1%48.3%

168.4%143.5%

121.6% 103.2%135.8%

160.8%

56.8%

327.1%

193.0%158.6%

86.6%

0%

100%

200%

300%


CD Ratio Incremental CD Ratio [Annual] Incremental CD Ratio [Quarter]

Pan-India footprint

Add Skills – 70%

Add Skills – 80%

Add Skills – 60%

Add Skills – 90%

28%

27%

23%

22%

Metro Urban Semi Urban Rural

Area wise distribution of Branches

Pan-India Presence

Total 2,046 service outlets – 836

branches & 1,210 ATMs, including 330

recyclers.

Total 34 e-Lobbies & 291 mini e-

Lobbies, all are having Recyclers.

Specialized branches for Forex,

Industrial, Agriculture, MSME,

Corporate business & Financial

Inclusion.

119 Financial Inclusion branches, 35

Ultra Small branches

Expanding network in northern India

also.

Name Here

25

21

2

4

23

7

11

9

3

520

21

7

51

8

1

7

9

50

11

5

20

1724

39

1

Has the strongest presence in South India with 655 branches

0

500

1000

1500

2000

Mar '17 Mar '18 Mar '19

765 800 836

13801534

1210

Branches ATMs (incl recyclers)

Top 5 States:Karnataka (520), Maharashtra (51), Tamilnadu(50), Andhra Pradesh (39), Telangana (24)

11

Income & Profit

Net Income (` crs)

996

1,473

369

725

1,126

1,450

452 326

163 275

416 477

0

500

1000

1500


Operating profit Net profit

Operating and Net Profit (` crs)

Net Interest Margins (%) Cost to Income Ratio (%)

(12 months) (9 months)(12 months) (12 months) (9 months)(12 months)

1,90

51,

002

2,135

2,907

469

1,85

8

1,49

1

936 1,

424

711

209

954

809

410

2,8122,300

678

1,346

0

500

1,000

1,500

2,000

2,500

3,000


Net Interest Income Other Income

(3 months) (6 months) (3 months) (6 months)(12 months) (12 months)

2.79%

3.18%

3.00%2.95% 2.95% 2.93%

2.50%

2.60%

2.70%

2.80%

2.90%

3.00%

3.10%

3.20%

3.30%


56.70%

47.61%45.54% 46.13% 47.29%

50.13%

0.00%

10.00%

20.00%

30.00%

40.00%

50.00%

60.00%


Return and Capital Adequacy Ratios

Return on Equity (%) (after tax) Return on Assets (%) (after tax)

Capital Adequacy (%) - Basel III

11.1

7

13.17

10.4

1

12.2

1

11.2

9

10.8

4

10.5

6

2.001.56

1.090.75 0.76 0.74

11.9811.30 11.60

13.30

12.04

0

4

8

12


Tier I Tier II

10.24%

6.17%

11.89%

10.01% 9.95%8.53%

0.00%

2.00%

4.00%

6.00%

8.00%

10.00%

12.00%

14.00%


0.74%

0.49%

0.91%

0.76% 0.75%0.64%

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%


13

NPAs

Gross NPAs (` crs)

1,5

82

2,3

76

2,2

97

2,3

72

2,3

46

2,4

56

4.21%4.92% 4.72% 4.66% 4.45% 4.41%

0%

2%

4%

6%

0

500

1,000

1,500

2,000

2,500


Gross NPA Gross NPA %

Net NPAs (` crs)

97

5 1,4

01

1,3

96

1,4

98

1,5

61

1,6

17

2.64%2.96% 2.92%

3.00% 3.00%2.95%

0%

1%

2%

3%

0

300

600

900

1200

1500


Net NPA Net NPA %

14

328

763

772

583

574

574

Of which, NPA

Restructured Advances(` crs)

SectorRestructured

Adv.Of which,

NPA

Large Industry 380.99 380.99

Infrastructure 168.55 167.88

MSME [excl. Infrastructure] 134.08 16.07

Agriculture 68.92 8.73

Education[Individual + Institution]

49.65 -

Housing 25.32 0.01

Others 22.13 -

Consumption loans 22.09 0.03

Wholesale/Retail Trade [excl.

services]0.67 -

Grand Total 872.40 573.71

Sector wise Restructured Adv. as Mar „19:

Restructured loans & related accounts

402

489

466

417

412

406

932

562

557

433

484

489

0 500 1,000

Mar '17

Mar '18

Jun '18

Sept '18

Dec '18

Mar '19

Restructured loans Related a/cs

872

1,046

819

1,046

1,365

901

15

No. of a/cs Amount (` in cr)

Opening balance as on 31.03.2018

41 420.93

Addition 9 143.96

Deletion / Upgradation

39 396.48

Position as on 31.03.2019

11 168.41

SMA2 Movement

Pioneer in implementing

“Finacle” (CBS) amongst

the first generation

private sector banks

Also offers other

Products such as

NGRTGS, NEFT,

NECS, CTS, Online

Trading, ASBA facility,

Gift Card, Travel Card,

Biometric Smart Card

under Financial

Inclusion, PoS Network,

Online inward

remittance facility to

NRIs etc.

State-of-art IT set up

which has enabled

Anytime Anywhere

Banking through alternate

delivery channels such as

ATMs, VISA International

Debit Card, RUPAY Debit

Card, Internet

Banking, Mobile

Banking, IMPS, e-lobby

etc.

Implemented „M-Passbook‟

(Mobile Passbook), „KBL

Apna App‟ (SMS Banking),

„KBL-Mobile‟ (Mobile

Banking) app, „BHIM KBL

UPI‟ app on Unified

Payment Interface, etc as

additional facilities for the

convenience of customers.

Implemented Lending

Automation Processing System

(LAPS) software for efficient life

cycle management of loan

accounts and improved

monitoring.

Implemented an Enterprise

Level Fraud Risk Management

System (ELFRMS) for effective

cyber fraud prevention across

delivery channels.

Robust technology platform and risk management systems

Strong technology platform

The existing “ISO 27001:2013” certificate encompassing the

Information Security Management System (ISMS) at the

Bank‟s Data Centre, Near line Site [NLS] at Bengaluru and

Information Technology Department including the DR site

[IT & DR] at Head Office, Mangaluru, has been renewed by

AJA Registrars, UK, for a further period of three years up to

March 2022, reflecting the Bank‟s continued commitment to

technology adoption.

17

Robust technology platform and risk management systems

Effective risk management system

2

3

4

1

5

Periodical monitoring & reviewing of risk profile of the bank.

Internal Credit Rating of all the borrowers: Credit exposure above INR 25 lakh are rated borrower-wise and

credit facilities below INR 25 lakh & all schematic advances including agri-credit proposals are rated under

„Pool based approach‟.

Continuous offsite surveillance of borrower accounts.

Effective ALM/mid office set up to monitor Liquidity risk/ Market risk on a continuous basis.

To effectively control possible frauds in “online transactions” done by customers, enterprise level fraud risk

Management solution is implemented.

7

8

6 For effective Operational risk management:

o Bank is building up a database of internal Loss data, near- miss cases and other Operational risk events,since Sept 2007.

o Bank has an effective AML monitoring system to scrutinize the customer transactions to ensurecompliance to the extant guidelines.

Bank has taken all necessary steps for migration to „Basel II advanced approaches‟ under Credit, Market and

Operational Risk and also complied with the extant „Basel III‟ guidelines of RBI.

Bank has implemented a scientific Fund Transfer Pricing (FTP) & Customer Profitability Management System

(CPMS) to assess the performance of branches / products / portfolios / customers.

18

Leveraging on Technology

Migration to Digital Channel

[share of ADC transactions to total CBS transactions]

44.49%

50.41%53.06%

65.34%

77.86%

20%

40%

60%

Mar '15 Mar '16 Mar '17 Mar '18 Mar '19

19

Mobile Banking

1120

1198

1295

1355

1436

As on 31.03.2018 As on 30.06.2018 As on 30.09.2018 As on 31.12.2018 As on 31.03.2019

No.of Regd users (Thousands)4

60

9

53

07

60

37

70

17

67

83

50

58 66

76 75

Q4(FY17-18) Q1(FY18-19) Q2(FY18-19) Q3(FY18-19) Q4(FY18-19)

No. of Transactions (in 000's)

Avg. Transactions per day (in 000's)

51

21

54

27

63

10

72

75

73

11

56 60

69

79 81


Value of Transactions (in Crore)

Avg. value of Transactions per day (in Crore)

20

Deb

it c

ard

s P

en

etr

ati

on

Card

s U

sag

e

Debit Cards

41.2642.95

44.8446.64

48.5980.70

81.83

83.06

84.4185.19


Total cards issued (Lakhs) Penetration (%)

75.43 79.84 93.14 99.5 108.64

107.06 106.26 111.09 114.89 113.36

182.49 186.10 204.23 214.39 222.00


Total ATM transactions by our Debit Card holders(lakhs)

Shared Network (VISA/NFS) (lakhs)

KBL ATM (lakhs)

21

PO

S T

ran

sact

ion

Valu

eP

OS

In

stall

ati

on

Rep

ort

Point of Sale (POS) Business

13225 13083 14116 1399212816

1918

850

1813

982

727


No. of Machines Installed New Machines Added

4402654000 54459

66444 62790


Value of Transactions (Lakhs)

22

PO

S T

ran

sact

ion

sE

CO

M

Tra

nsa

ctio

ns

POS & ECOM transactions

35

82

40

97

45

42

49

51

50

93

39

45

5054

57


Txn (Thousand) per day (Thousand)

51

1.2

5

60

6.2

4

61

6.7

2

67

6.1

2

66

9.2

7

5.5

6.6 6.8 7.37.3


Amt (Crore) per day (Crore)

23

69

24

54

27

82

31

13

33

55

2627

31 34

36


Txn (Thousand) Per day (Thousand)

20

8

22

3 25

2 28

0

28

9

2.20

2.452.77

3.00 3.10


Amt (Lakhs) Per day (Lakhs)

The journey of last 4 years

23

Rs cr FY16 FY17 FY18 FY19

Networth

Deposits

Borrowing

Other liabilities

Total

Cash

Loans

Investments

Fixed assets

Other assets

Total

3690.6

50488.2

1051.5

1270.0

56500.3

3044.9

33902.4

16256.7

306.6

2989.7

56500.3

5142.6

56733.1

836.2

1330.3

64038.6

3274.1

36915.7

20219.7

720.6

2908.5

64038.6

5410.2

62871.3

816.0

1276.2

70373.7

3601.0

47251.8

15444.4

761.6

3314.9

70373.7

5785.2

68452.1

3325.5

1482.9

79045.7

3609.8

54828.2

16185.0

774.9

3647.8

79045.7

Ratios (%)

CD Ratio 67.15 65.07 75.16 80.10

ID Ratio 32.20 35.64 24.57 23.64

P&L front

24

Rs cr FY16 FY17 FY18 FY19

NII

Other income

- fee

- others

Total income

Operating exp.

- Employee

- Other

Operating profit

NPA provision

Others

Profit before Tax

Profit after Tax

1302.9

542.9

237.9

305.0

1845.7

991.2

443.0

548.2

854.5

267.2

172.1

528.0

415.3

1490.6

809.3

276.1

533.2

2300.0

1304.2

601.0

703.1

995.8

551.4

-7.9

467.9

452.3

1857.7

954.3

364.4

589.9

2812.0

1338.8

524.8

814.0

1473.2

1080.4

67.2

310.1

325.6

1905.1

1002.0

430.5

571.5

2907.1

1457.3

605.6

851.7

1449.8

763.6

209.0

607.8

477.2

Ratios (%)

NIM 2.40 2.79 3.18 2.93

Cost-income 53.68 56.70 47.61 50.13

RoA 0.76 0.74 0.49 0.64

RoE 11.73 10.24 6.17 8.53

2525

Share holders‟ value

Dividend (%)

Earning Per Share (`)

Book value (`)

Banks, FIs, MF, I

nsurance Cos

15.96%Foreign Portfolio Investors14.57%

Indian Public60.03%

Others9.44%

Share holding pattern (Mar „19)

0.00

5.00

10.00

15.00

20.00

Mar '17Mar '18

Mar '19

19.38

11.52

16.89

0%

20%

40%

60%

80%

100%

Mar '17Mar '18

Mar '19 proposed

40%30% 35%

0

100

200

300

Mar '17

Mar '18

Mar '19

181.97 191.44204.71

26

FY20 - Goal

AB

C

Business Turnover of ` 1,44,000 crore.

Opening of 24 new Branches to take the total no. of Branches to 860.

To introduce following products & services:

Digitization for housing, personal & auto loans.

Launching of online mutual fund platform

Setting up of Contact Centre

Corporate Goal for 2019 -20

DOther initiatives:

Opening of Regional Collection Hubs at all Ros

Rebranding exerciseWomen @ KBL – a

special initiative to create career path for women employees

Starting a wholly owned non-financial subsidiary – KBL Services (P) Ltd.

Business Strategy

28

Digital Banking initiatives

Focusing on digital marketing of Bank‟s products & services

Value addition to Bank‟s existing Mobile Banking channel

Installation of self service kiosks Comprehensive IT and Digital

Strategy – Requirement of critical applications and IT infrastructure

Para banking activities.

Partnering with an efficient call center handling company for handling service calls for better customer service and handling sales and collection calls for marketing and credit monitoring.

Minimum space maximum business.

Credit augmentation Focusing on MSME sector Focusing on mid-corporate & retail

sectors Redesigning Home loan product Flow based lending and an exclusive

personal loan product.

NPA & Stressed Assets management

Minimizing slippages and improving recovery management.

A comprehensive collection mechanism.

CASA depositsFocusing on customer onboarding

to increase CASA as well as cross selling.

29

Other information

Corporate Social Responsibility

Foundation Stone Laying ceremony of the open stage theatreproposed to be constructed with the support of the Bank under itsCSR initiatives at the premises of University College, Mangaluru.

Donation of the Embosser machine to M/s MitraJyoti for promoting the training and education ofvisually impaired students.

30

Successful migration to Finacle 10.

Launched Cash@PoS facility & Deposit Only Card.

Launched Centralized Account Opening process for CASA accounts.

Launched DigiLocker Account facility through MoneyClick® Internet Banking.

06Content Here

01

Integrated Bank‟s education loan scheme with Govt of India‟s Vidya Lakshmi Portal for online education loan.

Implemented many of the Robotic Process Automation.

Launched new mobile banking app „KBL-Mobile Plus‟.

02

04

03

06

05

07

Other initiatives / developments

Partnered with Karvy DigiKonnect for Contact Centre Services

Tied up with Bharti AXA Life Insurance Co. Ltd for Life Insurance Business and Launched „QR code‟ instant two-wheeler insurance policy.

08

09

Easy to change

colors, photos and Text.

Content Here

52% 34%

Launched “KBL KOLLECT+” – a Collection tool, on pilot basis

at Regional Collection Hub in Bengaluru.

Launching of Monitoring Excellence Initiatives.

A new institutional SB product called KBL SB-TASC (Trusts,

Associations, Societies & Clubs) was launched.

Implementation of Employee Satisfaction and Career

Development System [ESCDS] and Key Result Area [KRA].

Launched ESOP scheme.

Revamped Internet Banking to improve customer experience.

Bank‟s first „Digi Branch‟ was inaugurated at Bengaluru.

Established Digital Centre of Excellence (DCoE).

KBL-Vikaas – Bank‟s Transformation Journey

BCG as transformation consultant

Launched Regional Loan Processing Centres [RLPCs] at all the

Regions.

Focus on Housing, Retail & MSME loans at these RLPCs.

Tied up with more number of DSAs, BSAs and MRAs, pan India, to

strengthen the credit portfolio.

Tied up with Fintech companies for Digital Home Loan sourcing.

Launched “KBL FORCE” - an integrated Lead Management System

(LMS) and KBL-FORCE (LMS) Mobile App.

Verticalized Credit Department as “Sales vertical” and “Sanctions

vertical”.

Introduced Collection Management System.

As a part of Transformation journey

Awards & AccoladesAwards & accolades received during the FY 2018-19:

“SMEs Excellence Award – 2018” under “Excellent Service

(Private sector)” category, instituted by ASSOCHAM.

“Best MSME Bank Award – Runner Up” instituted by

Chamber of Indian Micro Small & Medium Enterprises

[CIMSME].

“Best Performing Bank” under the following categories of

Atal Pension Yojana,

„People First‟ campaign at Tamilnadu for 100% branch

activation,

„Icons of inspiration‟ campaign, held during 2017-18,

„Best Private Bank‟ during 2017-18,

„Winners Arts of Possible‟ campaign 2018-19,

„Winners of Winning Wednesday‟ campaign – New

Delhi – R K Puram Branch,

„Winners of Winning Wednesday‟ campaign – Delhi

Regional Office,

Lead to Leap for FY 2018-19,

STP Award 2017: In recognition of Bank‟s outstanding

payment formatting and straight through rate, instituted by

Bank of New York, Mellon.

ET Now - BFSI Awards under

“Bank with Best Technology Orientation”

“Best Corporate Social Responsibility Practices”

ET Now – World HRD Congress Awards under

“Bank E-Learning module online”

“Best Employee Engagement in Banking Sector”

“Best Change Management Program”

“Best Learning & Development Strategy”

“Best use of Training in Employee Engagement”.

ASSOCHAM Social Banking Excellence Awards – 2018 :

Winner – Technology

Runner Up – Priority sector lending other than Agriculture

Runner Up – Overall best social banking.

IBA Banking Technology awards – 2019 in “Most Customer Centric

Bank” under Small bank category.

Board of Directors

P Jayarama Bhat

Non Executive Chairman

34

Ashok HaranahalliBengaluru

Advocate

Rammohan Rao Belle Bengaluru

Former MD & CEO, SBI Gen. Insu. Co. Ltd

B A PrabhakarBengaluru Former Chairman & MD of Andhra Bank

U R Bhat

Mumbai

Investment Adviser & Columnist

Keshav Krishnarao Desai

Hubballi

Businessman

D. Surendra Kumar,

Shri Kshethra Dharmastala,

Dakshina Kannada

Educationist

Mahabaleshwara M S

Managing Director & CEO

Mrs Mythily Ramesh,

Bengaluru

IT Professional and Co-Founder &CEO of NextWealth

Disclaimer

This presentation has been prepared by Karnataka Bank (the “Bank”) solely for providing information about the Bank. This presentation is confidential and may not be copied or disseminated, in whole or part, in anymanner. This presentation has been prepared by the Bank based on information and data which the Bank considers reliable, but the Bank makes no representation or warranty or undertaking, express or implied,

whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness, correctness and reasonableness of the contents of this presentation. This presentation has not been approved and will not bereviewed or approved by any statutory or regulatory authority in India or by any Stock Exchange in India and may not comply with all the disclosure requirements prescribed thereof. This presentation may not be all

inclusive and may not contain all of the information that you may consider material. No part of it should form the basis of or be relied upon in connection with any investment decision or any contract or commitment topurchase or subscribe for any securities. Any liability in respect of the contents of, or any omission from, this presentation is expressly excluded. No representation or warranty, express or implied is made as to, and no

reliance should be placed on, the fairness, accuracy, completeness or correctness of such information or opinions contained herein. Neither the Bank nor any of its respective affiliates, advisers or representatives, shall haveany liability whatsoever (in negligence or otherwise) for any loss howsoever arising from any use of this presentation or its contents or otherwise arising in connection with this presentation. The information contained in

this presentation is only current as of its date. Certain statements made in this presentation may not be based on historical information or facts and may be “forward-looking statements”, including those relating to theBank‟s general business plans and strategy, its future financial condition and growth prospects, and future developments in its industry and its competitive and regulatory environment. Actual results may differ from these

forward-looking statements due to a number of factors, including future changes or developments in the Bank‟s business, its competitive environment, information technology and political, economic, legal and socialconditions in India and worldwide. Further, past performance is not necessarily indicative of future results. Given these risks, uncertainties and other factors, viewers of this presentation are cautioned not to place undue

reliance on these forward-looking statements. The Bank disclaims no obligation to update forward looking statements to reflect events or circumstances after the date thereof. This presentation is for general informationpurposes only, without regard to any specific objectives, financial situations or informational needs of any particular person. This presentation and any information presented herein are not intended to be, offers to sell or

solicitation of offers to buy the Bank‟s equity shares or any of its other securities and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful. The Bank‟s equityshares have not been and will not be registered under the U.S. Securities Act 1993, as amended (the Securities Act”) or any securities laws in the United States and, as such, may not be offered or sold in the United States or

to, or for the benefit of, U.S. persons (as such term is defined in Regulation S under the Securities Act) absent registration or an exemption from the registration requirements of the Securities Act and applicable laws. Anyoffering of the equity shares made, if any, in the United States (or to U.S. persons) was made by means of a prospectus and private placement memorandum which contained detailed information about the Bank and its

management, as well as financial statements. The Bank may alter, modify or otherwise change in any manner the content of this presentation, without obligation to notify any person.

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Presentation on Analysis of Financial Results March 2019 · •Business Turnover of ` 1,23,280...

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Transcript of Presentation on Analysis of Financial Results March 2019 · •Business Turnover of ` 1,23,280...