Indian Overseas Bank : Presentation to Analysts Q4 - FY 2023-24

IND

EX

Performance

Analysis

Q4-FY2023-24

09.05.2024

1

INDEX
IND
	EX
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
ACCOLADES & AWARDS		………..	42

2

Performance Analysis Q4-FY24

Performance Analysis Q4-FY24

PERFORMANCE HIGHLIGHTS

IND

BUSINESS GROWTH

EX

(Rs. In Crores)

	Parameters	FY 2022-23	FY 2023-24	Y-O-Y ( %)
GROWTH		CASA	114113	125508	9.99%
	CASA%	43.74%	43.90%	16 bps
	Total Deposits	260883	285905	9.59%
	Home Loan	24116	27621	14.53%
BUSINESS
	Jewel Loan	36828	47732	29.61%
	Advances	189009	219018	15.88%
	Business	449892	504923	12.23%

PROFITABILITY

	Parameters	FY 2022-23	FY 2023-24	Y-o-Y ( %)
Profitability	Net Interest Income	8255	9829	19.07%
Net Interest Margin	2.93%	3.28%	35 bps
Operating Expenses	6422	8722	35.81%
Operating Profit	5942	6764	13.83%
Net Profit	2099	2656	26.54%

4

Performance Analysis Q4-FY24

PERFORMANCE HIGHLIGHTS

ASSETINDQUALITY

EX

(Rs. In Crores)

	Parameters	FY 2022-23	FY 2023-24	Y-o-Y (%)
QUALITY		Gross NPA	14072	6794	-51.72%
	Net NPA	3266	1217	-62.74%
	GNPA%	7.44%	3.10%	(434 bps)
ASSET
	NNPA%	1.83%	0.57%	(126 bps)

STRENGTHENING FINANCIAL INDICATORS

STRENGTHENING FINANCIAL INDICATORS	Parameters	FY 2022-23	FY 2023-24	Y-o-Y ( %)
PCR	92.63%	96.85%	422 bps
	CRAR	16.10%	17.28%	118 bps
	ROA	0.68%	0.81%	13 bps
	ROE	15.55%	16.24%	69 bps

5

Performance Analysis Q4-FY24

FINANCIAL PERFORMANCE

IND

EX

(Rs. In Crores)

	Quarter Ending	Year Ending	Growth %
Particulars						Q-o-Q	Q-o-Q	Y-o-Y
					Q4 2023-24	Q4 2023-24
Mar-23	Dec-23	Mar-24	FY 22-23	FY 23-24	(12 M)
						Over	Over
						Q3 2023-24	Q4 2022-23
Interest Income	5192	6176	6629	19401	24050	7.33%	27.68%	23.96%
Interest Expenses	2916	3778	3866	11145	14221	2.33%	32.58%	27.60%
Net Interest Income	2276	2398	2763	8256	9829	15.22%	21.40%	19.05%
Non Interest Income	1430	1262	2477	4108	5656	96.28%	73.22%	37.68%
Operating Income	3706	3660	5240	12364	15485	43.17%	41.39%	25.24%
Operating Expenses	1824	1879	3279	6422	8722	74.51%	79.77%	35.81%
Operating Profit	1882	1781	1961	5942	6763	10.11%	4.20%	13.82%
Total Provisions	996	702	768	3594	3350	9.40%	-22.89%	-6.79%
Tax expenses	236	356	385	249	757	8.15%	63.14%	204.02%
Net Profit/Loss	650	723	808	2099	2656	11.76%	24.31%	26.54%

6

Performance Analysis Q4-FY24

TOTAL INCOME

IND

(Rs. In Crores)

	Quarter Ending	Year Ending		Growth %
Particulars						Q-o-Q	Q-o-Q	Y-o-Y
	Mar-23	Dec-23	Mar-24	FY 22-23	FY 23-24	Q4 23-24	Q4 23-24
	Over	Over	(12 M)
						Q3 23-24	Q4 22-23
Interest on Loans	3632	4614	4760	13151	17576	3.16%	31.06%	33.65%
Interest on Investment	1445	1519	1539	5849	5946	1.32%	6.51%	1.66%
Other Interest Income	115	42	330	401	528	685.71%	186.96%	31.67%
Total Interest Income	5192	6175	6629	19401	24050	7.35%	27.68%	23.96%
Exchange & Commission	372	319	410	1221	1331	28.53%	10.22%	9.01%
Profit / Loss on Sale of Investments	31	33	180	250	273	445.45%	480.65%	9.20%
(Net of Revaluation)
Profit on Exchange	83	43	36	564	193	-16.28%	-56.63%	-65.78%
Recovery from technichal Written of	697	632	908	1711	2372	43.72%	30.32%	38.65%
Account
All other Income	247	235	943	362	1487	301.13%	281.65%	310.68%
Total Non Interest Income	1430	1262	2477	4108	5656	96.28%	73.22%	37.68%
Total Income	6622	7437	9106	23509	29706	22.44%	37.51%	26.36%

7

Performance Analysis Q4-FY24

FEE BASED INCOME

			IND
						(Rs. In Crores)
			EX
	Quarter Ending	Year Ending		Growth %
Particulars						Q-o-Q	Q-o-Q
	Mar-23	Dec-23	Mar-24	FY 22-23	FY 23-24	Q4 2023-24	Q4 2023-24	Y-o-Y
	Over	Over	(12 M)
						Q3 2023-24	Q4 2022-23
A.Exchange & Commission	151	81	140	396	363	72.44%	-7.50%	-8.42%
B.Income from Non Fund Based	50	42	46	184	179	10.01%	-7.59%	-2.61%
Business
C.Processing charges	92	105	138	360	448	31.14%	49.67%	24.36%
D.ATM/DBD Related Income	84	103	122	320	416	18.37%	45.15%	29.98%
E.Marketing/FI/Govt Business	24	18	21	63	72	17.40%	-11.95%	14.49%
F. Miscellaneous Income	197	89	78	328	362	-12.92%	-60.66%	10.21%
FEE BASED INCOME (A+B+C+D+E+F)	598	438	544	1651	1839	24.23%	-9.01%	11.40%
Overseas	17	18	24.5	65	84	36.30%	44.31%	29.44%
Fee Based Income - Global	615	456	569	1716	1923	24.71%	-7.53%	12.08%

8

Performance Analysis Q4-FY24

TOTAL EXPENSES

IND

EX

(Rs. In Crores)

	Quarter Ending	Year Ending		Growth %
Particulars						Q-o-Q	Q-o-Q
Mar-23	Dec-23	Mar-24	FY 22-23	FY 23-24	Q4 2023-24	Q4 2023-24	Y-o-Y
						Over	Over	(12 M)
						Q3 2023-24	Q4 2022-23
Interest on Deposits	2717	3283	3337	10536	12609	1.64%	22.82%	19.68%
Interest on Borrowings	200	495	529	609	1611	6.87%	164.50%	164.53%
Total Interest Expenses	2917	3778	3866	11145	14220	2.33%	32.53%	27.59%
Staff Expenses	1098	1269	2517	4099	6140	98.35%	129.23%	49.79%
Other Expenses	726	610	762	2322	2582	24.92%	4.96%	11.20%
Operating Expenses	1824	1879	3279	6421	8722	74.51%	79.77%	35.84%
Total Expenses	4741	5657	7145	17566	22942	26.30%	50.71%	30.60%

9

Performance Analysis Q4-FY24

NET PROFIT

IND

(Rs. In Crores)

	Quarter Ending	Year Ending	Growth %
Particulars						Q-o-Q	Q-o-Q
Mar-23	Dec-23	Mar-24	FY 22-23	FY 23-24	Q4 2023-24	Q4 2023-24	Y-o-Y
	Over	Over	(12 M)
						Q3 2023-24	Q4 2022-23
Operating Profit	1882	1780	1961	5942	6764	10.17%	4.20%	13.83%
Provisions	996	702	768	3594	3350	9.40%	-22.89%	-6.79%
of which NPA Provisions	1028	367	409	2858	2706	11.44%	-60.21%	-5.32%
Other Provisions	-32	335	359	736	644	7.16%	-1221.88%	-12.50%
Tax Expenses	236	356	385	249	757	8.15%	63.14%	204.02%
Net Profit	650	722	808	2099	2656	11.91%	24.31%	26.54%

		Q-o-Q					Y-o-Y
1882				1961		5942		6764
	1780
996						3594		3350
				808
	650	702	722	768		2099	2656

Mar-23

Dec-23

Mar-24

FY 2022-23

FY 2023-24

Operating Profit

Provisions

Net Profit

Operating Profit

Provisions

Net Profit

10

Performance Analysis Q4-FY24