Performance
Analysis
Q2/H1-FY2023-24
1
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 |
2
Performance Analysis Q2-FY24
3
PERFORMANCE HIGHLIGHTS
IND
BUSINESS GROWTH
EX
(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 |
5
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% |
8
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% |
9
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.