Axis Bank Limited · NSE:AXISBANK
Axis Bank — Q1 FY2023 Earnings Presentation
75 slides from Axis Bank's earnings presentation, 2022
Slide 1: Investor Presentation Quarterly Results Q1FY23
Investor Presentation Quarterly Results Q1FY23 NSE: AXISBANK BSE: 532215 LSE (GDR): AXB
Slide 2: Axis Bank at a glance
Axis Bank at a glance Axis Bank 3rd largest 4,759 86,400+ 5th straight year Private Bank in India Branches* Employees Constituent of FTSE 4Good EI ^ Traditional Banking Segment Digital Banking Segment Market Share 5.0% 4.7% 5.7% 16% 15% 12% 1 Assets # # Deposits # Advances # UPI Mobile** Credit Card
Slide 3: Agenda
Executive Summary Financial Highlights Capital and Liquidity Position Business Segment performance Asset Quality Sustainability Subsidiaries’ Performance Other important information Quarterly Results Q1FY23 3
Slide 4: Major highlights of Q1FY23
Major highlights of Q1FY23 Strong core operating performance and margin expansion, sequential PAT growth, healthy growth in average deposits and loans • NIM at 3.60%, improved by 14 bps YOY and 11 bps QOQ, NII grew 21% YOY and 6% QOQ Strong core operating performance • Fee income grew 34% YOY, granu
Slide 5: Key metrics for Q1FY23
Key metrics for Q1FY23 Snapshot (As on 30th June 2022) Deposits # 14% YOY Advances 14% YOY Absolute (Rs. Cr) YOY Growth Q1FY23 YoY growth Net Interest Income 9,384 21% 31% Profit & 43% Loss Fee Income 3,576 34% Operating Expenses 6,496 32% 59% 10% Operating Profit 5,887 (5%) Net Profit 4,125 91% Q1F
Slide 6: Agenda
Executive Summary Financial Highlights Capital and Liquidity Position Business Segment performance Asset Quality Sustainability Subsidiaries’ Performance Other important information Quarterly Results Q1FY23 6
Slide 7: Healthy performance across deposits and loans
Healthy performance across deposits and loans All figures in ₹ Billion Deposit mix (QAB)^ Segment loan mix YOY YOY 7,664 7,833 14% 7,356 7,077 7,011 7,134 14% 6,858 6,649 1,470 1,637 39% 6,148 6,217 1,232 1,215 (21%) 1,181 (36%) 2,337 2,165 5% NRTD (31%) 2,319 2,271 2,159 Corporate (10%) 2,912 2,892
Slide 8: CASA growth remains healthy
CASA growth remains healthy Average CASA growth (YoY) 19% 15% 16% 13% 10% 334,376 14% CAGR# 289,138 243,651 100,663 13% CAGR# 216,232 87,507 195,975 74,491 68,777 61,348 233,713 15% CAGR# 201,631 147,455 169,160 134,627 Jun-18 Jun-19 Jun-20 Jun-21 Jun-22 SA QAB CA QAB #Jun-18 to Jun-22 CA QAB as % o
Slide 9: Core Operating profit up 17% YOY, Net Profit up 91% YOY
Core Operating profit up 17% YOY and 5% QoQ, Net Profit up 91% YOY All figures in ₹ Crores Operating revenue Operating expense 2.15% 2.17% 2.24% 2.05% 2.12% 13,042 11% YOY 6,331 6,576 6,496 12,493 12,383 11,699 5,771 11,118 4,223 2,999 4,932 3,840 11% YOY 3,358 3,798 4,393 4,689 4,310 3,835 3,081 8,
Slide 10: Net interest margin improved 14 bps YOY and 11 bps QOQ
Net interest margin improved 14 bps YOY and 11 bps QOQ Advances mix by rate type Cost of Funds MCLR Duration Split 31% (Jun-22) 3% ~ 69% of loans floating 2% 2% 1M 4.93% 2% 23% 3M, 2% 4.60% 4.30% 6M, 7% 4.10% 3.97% 3.89% 12M, 12% 3.87% 3.83% 3.77% 39% Repo linked MCLR linked Other EBLR* Base Rate li
Slide 11: We have built granularity in fees across our business segments
We have built granularity in fees across our business segments All figures in ₹ Crores Retail Banking fees Retail fee mix 43% YOY 43% 38% 37% 2,463 2,375 26% 29% 2,039 2,161 18% ^ 15% 19% 19% 18% 21% 16% 1,660 TPP Retail Cards & Payments Retail Assets excl cards & Retail Liabilities & others payment
Slide 12: Continue to invest in the business, normalize cost over medium term
Continue to invest in the business, confident on ability to normalize cost over medium term YOY incremental Opex in Q1FY23 was led by volume, technology and growth related expenses Incremental YOY cost break up 317 240 (`1,564 Crore) 388 619 Led by statutory Growth in BAU costs (DICGC, opex Investme
Slide 13: Agenda
Executive Summary Financial Highlights Capital and Liquidity Position Business Segment performance Asset Quality Sustainability Subsidiaries’ Performance Other important information Quarterly Results Q1FY23 13
Slide 14: Strong/Healthy capital position with adequate liquidity
Strong/Healthy capital position with adequate liquidity Bank’s Capital Adequacy Ratio Liquidity Coverage Ratio (consolidated) 140% 130% 120% 120% 19.12% 117% 116% 116% 116% 18.54% 120% 115% 114% 17.83% 17.53% 15.84% 3.72% 110% 107% 3.30% 2.67% 4.19% 4.57% 15.40% 15.24% 15.16% 100% 13.34% 90% 11.27%
Slide 15: Agenda
Executive Summary Financial Highlights Capital and Liquidity Position Business Segment performance Asset Quality Sustainability Subsidiaries’ Performance Other important information Quarterly Results Q1FY23 15
Slide 16: Retail Banking
Retail Banking ~29 Mn 4th `2.4 Tn Largest issuer of AUM in wealth SA customers Credit Cards management 43% 66% 59% CASA ratio Sourcing* from ETB Share of (QAB) customers Advances~ 16% 25% 66% YOY Growth in SA YOY Growth in Share in total fee^ QAB deposits advances *for Retail Assets (by volumes) in
Slide 17: Our Deposit franchise continues to grow faster than the industry
Our Deposit franchise continues to grow faster than the industry 16% 15% Continue to focus on improving the franchise quality further 13% 10% 10% 10% 1 “Right fit” customers to accelerate ‘Premiumization’ • Premium segment share in Retail SA ETB portfolio up ~80 bps YoY • Deepening relationships led
Slide 18: Steady growth in SA deposits led by deepening and premiumisation strategy
Steady growth in SA deposits led by deepening and premiumisation strategy • Continue to maintain sharp focus on quality of NTB* acquisitions; Branch channel continued its focus on deepening ETB* relationships • Premiumisation strategy focuses on improving account quality of overall balances while in
Slide 19: We are focused on consistently growing Current Account deposits
We are focused on consistently growing Current Account deposits Trend in Current Account deposits and YOY growth (QAB) Key initiatives driving Current Account (CA) deposit growth 30% 25% 17% 20% 1 Higher contribution from transaction-oriented flow businesses 15% 12% 15% • Leverage API-led partnershi
Slide 20: We are improving quality of our Term Deposits growth
We are improving quality of our Term Deposits growth Our overall Term Deposit growth remains higher than industry… … and have taken multiple steps to improve quality and composition 19% 18% 15% 15% 1 Increase share of LCR accretive deposits and reduce runoff of deposits 11% 10% o Non callable high v
Slide 21: Digital is now contributing significantly to new account acquisitions
Digital is now contributing significantly to new account acquisitions Non-salary1 SA accounts opened digitally(%) Individual CA accounts opened digitally(%) Individual RTD accounts opened digitally (%) 71% 69% 67% 66% 68% 68% 68% 55% 42% 24% 26% 22% 24% 22% 21% 22% 20% 15% 16% 10% 5% Q3FY21 Q4FY21 Q
Slide 22: Rs 4 trillion Retail loan book remains well diversified
Rs 4 trillion Retail loan book remains well diversified Higher customer engagement led to broad base growth from ETB relationships Retail book ~ 79% of our retail book is secured Disbursement trends in secured loans (in ₹ Billion) in Rs Crores Jun-22 QOQ YOY % Prop Home Loans 1,45,171 1% 18% 35% 79%
Slide 23: Small Business Banking segment is well diversified and continues to grow strongly
Small Business Banking segment is well diversified and continues to grow strongly… • 74% YOY growth backed by strong distribution channels, innovative product offerings and our One Axis approach SBB portfolio (Cr.) • 79% value contribution from Secured products (working capital, overdraft, term loan
Slide 24: Led by our innovative product offerings and transformation initiatives
…led by our innovative product offerings and transformation initiatives One Axis approach Building on the learnings from CBG segment, we have improved efficiencies and TATs by • Platinum & Bharat Bank franchise driving branch growth re-imagining and digitizing underwriting systems and loan disbursal
Slide 25: 'Bharat Banking' strategy has been scaling up well
‘Bharat Banking’ strategy has been scaling up well Drive higher business growth and increase market share in Rural and Semi Urban markets through asset led liability strategy • Lending opportunities in RuSu markets to complement the Bank’s overall PSL strategy meaningfully Focus on building a distin
Slide 26: Rural portfolio is well diversified, leveraging technology and partnerships
Rural portfolio is well diversified, offering holistic and integrated financial solutions by leveraging technology and partnerships Well diversified rural lending portfolio with … focused on capitalizing opportunities Higher in customer engagement led to broad base growth from ETB relationships … an
Slide 27: Strong growth in Credit Card issuances
Strong growth in Credit Card issuances Increase in Cards in force (CIF) market share with increasing card issuances aided by KTB^ partnerships Strong traction in new card issuances, grew ~4x YOY In million 321% YOY 31% 1.11 share of KTB sourcing to total card 0.99 issuances in Q1FY23 0.77 Pre-covid
Slide 28: Flipkart Axis Bank Credit Card digital acquisition journey
End to End Digital KTB acquisition journey with best in class early activation and spend metrics for Flipkart Axis Bank Credit Card Customer clicks on Customer fills up the Flipkart Axis Bank form and submits the Credit card banner application and can view details 2.69 mn CIF for Flipkart Axis Bank
Slide 29: Credit Card spends up 96% YOY
Credit Card spends up 96% YOY All figures In ₹ Cr ‘GRAB DEALS’, Axis Bank's exclusive shopping platform has scaled up significantly ~4x YOY growth in transactions ~3x YOY increase in GMV Trend in Credit Card spends Trend in Debit Card spends Overall Credit Card spends ` 28,910 Crores 96% YOY 30% YOY
Slide 30: We are the 2nd largest Merchant Acquiring Bank
We are the 2nd largest Merchant Acquiring Bank led by ‘One Axis’ focus, improved product capabilities and partnerships 30% Axis incremental market share in last 3 months* (POS Terminals) One Axis approach – Taking Bank to Merchant Market share in POS terminals Curated solution offerings : Payment so
Slide 31: Empowering merchants through Integrated Ecosystem solutions
Empowering merchants through Integrated Ecosystem solutions All payment modes in one app, integrated with GST ready billing application Multiple VAS offering- CRM, Loyalty program, online store setup, store analytics etc. Sector specific solutions as per business needs including Catalogue & Inventor
Slide 32: The Bank is a leading player in India's Wealth Management space
The Bank is a leading player in India’s Wealth Management space All figures In ₹ Cr Overall Burgundy AUM^ has grown steadily Burgundy Performance has been strong (CAGR for Mar’17 -Jun’22 period) 5% YOY 260,768 242,335 24% Assets under management Burgundy Private 213,085 adjudged as “Best Private Ban
Slide 33: We have a very well distributed branch network
We have a very well distributed branch network Domestic branch network* Branch presence across categories Axis Virtual Centre 4,758 4,759 4,528 4,594 17% 30% ~6 mn 6 Customer Centers connect ^ 30% 1,500+ 23% Virtual RMs Mar-20 Mar-21 Mar-22 Jun-22 * Includes extension counters Metro Urban Semi-Urban
Slide 34: Corporate & Commercial Banking
Corporate & Commercial Banking 27% 54% 19% YoY growth in YoY growth in YOY growth in CBG* advances Mid Corporate book Corporate & CBG fees 30% 88% 84% Share of short Share of corporate Incremental sanctions term loans to overall advances to clients to A-and above** corporate loans rated A-and above
Slide 35: Strong relationship led franchise driving synergies across One Axis entities
Strong relationship led franchise driving synergies across One Axis entities… We have re-oriented the organisation structure in Corporate & Commercial Banking for delivering execution excellence • Segregated the responsibilities of coverage and product groups to ensure sharper focus • Corporate & Co
Slide 36: With 88% of the book rated A- and above
…with 88% of the book rated A- and above All figures in ₹ Crores Incremental sanctions to corporates 88% of the corporate loan book is rated A- & above rated A- or better 17% 15% 12% 12% 55% of sanctions 65% of book as on were to those rated 30.6.2022 is rated AA- & above AA- & above 83% 85% 88% 88%
Slide 37: Overseas Corporate loan book is 96% India linked
Overseas Corporate loan book is 96% India linked • The Bank’s International strategy is to focus on Indian corporates that have global operations • We have consolidated our overseas business through branches in Dubai, Singapore and Gift City, India Overseas corporate loan contribution ... the fundin
Slide 38: We have strengthened our proposition as a Transaction Bank
We have strengthened our proposition as a Transaction Bank Current Account Greenwich Service Excellence 2021 15% YoY growth in Current Account quarterly for Large Corporates and Middle Markets – Knowledge of average Balances (Q1FY23) Transaction Banking needs Foreign LC Market Share GST Payment Mark
Slide 39: Progressing well on Corporate Digital transformation
We are progressing well on the Corporate Digital transformation and are witnessing strong corporate interest 1 Growing contribution of transactions for newly onboarded customers onto APIs API PRODUCT ▪ Full width of transaction banking products ▪ Quick and seamless integration with ERP % of digital
Slide 40: Industry-wise Distribution (Top 10)
Industry-wise Distribution (Top 10) All figures in ` Crores Outstanding1 as on 30th Jun’22 Total Non-fund Rank Advances Investments based Sectors Value (in % terms) 1. Financial Companies2 57,773 22,152 26,024 1,05,949 11.87% 2. Engineering & Electronics 13,792 1,831 28,151 43,774 4.91% 3. Infrastru
Slide 41: Business Performance: Commercial Banking
Business Performance Commercial Banking
Slide 42: Commercial Banking business benefitting from technology led transformation
Commercial Banking business benefitting from technology led transformation • One of the most profitable segments of the Bank with high PSL coverage • Data driven credit decisions, minimal documentation, simplified products and digitized operations aiding higher business growth CBG Advances New to Ba
Slide 43: SME lending book is well diversified
SME lending book is well diversified Book by Loan size Well diversified Geographical mix Well diversified Sectoral mix 15% 11% 17% 15% 25% 9% 23% 44% 9% 18% 2% 3% 8% 3% 12% 3% 2% 7% 3% 22% 11% 4% 5% 4% 4% 5% 16% Trade Retail and Wholesale Food and Beverages Less than 5 Cr 5 cr 10 cr West 1 West 2 So
Slide 44: Digital Banking
Digital Banking 93% 81% 68% 68% 52% 42% 4.6 Digital Credit cards New SA Individual RTDs PL disbursed New MF SIP Mobile App transactions^^ issued** (Q1FY23) (end-to-end digital) D2C products acquisition* opened (Q1FY23) sales (Q1FY23) ratings 250+ 16% 15% 9.7Mn 104,500+ 2500+ 300+ Services on Market
Slide 45: Our digital strategy is aligned with our GPS strategy
Our digital strategy is aligned with our GPS strategy A B C Reimagine Customer Transform Build Future-ready Proposition the Core Capabilities Digital-first products Ops excellence & institutionalization of Data architecture 3.0; moving embedding design thinking data & tech enabled operating rhythm b
Slide 46: We continue to introduce and scale new products driven by our OPEN philosophy
We continue to introduce and scale new products driven by our OPEN philosophy Our product portfolio Recent launches in last few quarters Buy Now Paylater Merchant Cash Advance Cards lifecycle Auto loan O/W Remittance GrabDeals Insurance 2.0 CA Sole Propreitor 0-based redesign; Ecosystems capable; Nu
Slide 47: We are investing heavily in building capabilities
We are investing heavily in building capabilities Building the right talent Enabling the team through technology • 1500+ people dedicated to digital agenda • Fully cloud ready: new customer facing applications as cloud native • ~76% new hires from non-banking background • CI-CD pipeline in place; us
Slide 48: We are moving to Data Architecture 3.0
We are moving to Data Architecture 3.0 Building data stack 3.0 for next level of analytics and have created service data lake for enhanced customer experience Data Stack 3.0 - Cloud Building alternate data platforms to enable score-based underwriting large cross section of lendable population 100+ n
Slide 49: We are among the top rated players in mobile banking
We are among the top rated players in mobile banking Axis Bank Mobile App 9.7 Mn 61% Axis Bank Mobile Banking Spends (in Cr) and Volumes (in Mn) Monthly active users on MB customers banking Axis Mobile Banking only on mobile app Mobile banking spends (in ` Cr) 67% YOY ~6 Mn 21x 505,504 544,822 613,7
Slide 50: UPI has scaled up tremendously to become a key channel
UPI has scaled up tremendously to become a key channel for customer transactions We have developed best-in-class UPI stack that enables us to offer cutting edge customized solutions across SDK, Intent, Collect and Pay offerings apart from new use cases like UPI AutoPay Dedicated IT cloud infrastruct
Slide 51: Partnerships as a channel has significant potential to expand our customer base
Partnerships as a channel has significant potential to expand our customer base We have 85+ Partnerships across Ecosystems Product Specific (API banking) Transaction banking (White-labelled banking) • Channel to acquire & service customers, complete customer ownership with Bank • Banking as a Servic
Slide 52: Agenda
Executive Summary Financial Highlights Capital and Liquidity Position Business Segment performance Asset Quality Sustainability Subsidiaries’ Performance Other important information Quarterly Results Q1FY23 52
Slide 53: Improving asset quality visible across all segments
Improving asset quality visible across all segments GNPA at 2.76% & NNPA at 0.64% Segmental composition improving sequentially and YOY 3.85% WBG Total 3.53% Retail CBG 3.17% 2.82% 2.76% 64%^ 75%^ 83%^ 77%^ 1.20% 4.95% 1.08% 0.91% 0.73% 0.64% 1.44% 2.76% 2.07% 0.52% 0.53% 0.85% 0.64% Q1FY22 Q2FY22 Q3
Slide 54: Limited restructuring, largely secured and well provided
Limited restructuring, largely secured and well provided; Declining BB & Below Book All figures in ₹ Crores Bank’s Net NPA* and Fund based BB and Below* portfolio Update on restructured book PCR (excluding technical write offs) up 253 bps QoQ at 77%; Outstanding Covid (1+2) restructuring as on 30.6.
Slide 55: Legacy asset quality issues adequately addressed
Legacy asset quality issues adequately addressed Overall Credit Costs: FY10 to Q1FY23 3.57% 3.53% Trend in BB corporate book Credit Cost 7.29% (Fund based as % of GCA) 2.82% Net Credit Cost 2.78% 2.15% 1.32% 1.91% 1.87% 0.64% 1.89% 1.35% 1.56% 1.68% Jun'16 Mar'19 Jun'22 Long term (FY03 to FY22) 1.11
Slide 56: Detailed walk of NPAs over recent quarters
Detailed walk of NPAs over recent quarters All figures in ₹ Crores Q1FY22 Q2FY22 Q3FY22 Q4FY22 Q1FY23 Gross NPAs - Opening balance A 25,315 25,949 24,149 23,301 21,822 Fresh slippages B 6,518 5,464 4,147 3,981 3,684 Upgradations & Recoveries C 2,543 4,757 3,288 3,763 2,957 Write offs D 3,341 2,508 1
Slide 57: Agenda
Executive Summary Financial Highlights Capital and Liquidity Position Business Segment performance Asset Quality Sustainability Subsidiaries’ Performance Other important information Quarterly Results Q1FY23 57
Slide 58: ESG a Bank-wide Agenda
ESG a Bank-wide Agenda Our Purpose Statement: Banking that leads to a more inclusive and equitable economy, thriving community and a healthier planet ESG a Board-level agenda • Axis Bank is the first Indian Bank to constitute an ESG Committee of the Steady Progress on ESG Benchmarks Board ESG oversi
Slide 59: Committed to Positive Climate Action and the Sustainable Development Goals
Committed to Positive Climate Action and Achieving the Sustainable Development Goals ESG commitments announced by the Bank in September 2021 • Positive Impact Financing • Incremental financing of `30,000 crores for positive-impact sectors by FY26 • Making 5% of Retail Two-Wheeler loan portfolio as e
Slide 60: Agenda
Executive Summary Financial Highlights Capital and Liquidity Position Business Segment performance Asset Quality Sustainability Subsidiaries’ Performance Other important information Quarterly Results Q1FY23 60
Slide 61: Significant value creation happening in our key group entities
Significant value creation happening in our key group entities Detailed One Axis presentation Link Invst Banking Consumer Retail Fintech Asset Management Trustee TReDS platform Insurance & Inst Equities focused NBFC Brokerage platform One of the fastest Leadership position in AAA rated NBFC with 3rd
Slide 62: Axis Finance: PAT up 59% YOY, Retail book up 3 times YOY
Axis Finance : PAT up 59% YOY, Retail book up 3 times YOY All figures in ₹ Crores Growth in AUM 48% CAGR** Major Highlights 59% YOY • 3x YOY growth in Retail book, retail mix up from 4% in Jun’20 to 36% in Jun’22 19,011 17,059 • 23.8% YOY growth in Wholesale loan book 6,905 5,694 11,953 (36%) 7,816
Slide 63: Axis AMC: AUM growth of 18% YOY, PAT up 20% YOY
Axis AMC : AUM growth of 18% YOY, PAT up 20% YOY All figures in ₹ Crores Overall QAAUM 18% YOY Equity QAAUM 36% CAGR* 42% CAGR* 259,818 245,510 143,546 29% YOY 208,143 138,801 196,549 107,936 98,822 138,402 89,720 61,968 44,486 Mar-19 Mar-20 Mar-21 Mar-22 Jun-21 Jun-22 Mar-19 Mar-20 Mar-21 Mar-22 Ju
Slide 64: Axis Capital: Volatile markets weighed on deal activity
Axis Capital : Volatile markets weighed on deal activity FY22 Ranking* (includes IPO, FPO, QIP, REIT, OFS & Rights) Major Highlights Rank Banker No of Deals* • 10 IB deals closed in Q1FY23 that include 4 IPOs, 1 QIP, 1 SF Syndication, 3 M&A and 1 1 Peer 1 5 Private Equity 2 Axis Capital 4 • ~26% Ins
Slide 65: Axis Securities: Strong growth in new customer additions
Axis Securities : Strong growth in new customer additions Total customer base (in mn) Axis Securities had acquired nearly 1 mn Karvy’s trading accounts 18% YOY in Q4FY21, making Axis Securities as the 3rd largest bank led 25% CAGR* Major Highlights retail brokerage in terms of customer base 4.36 • 1
Slide 66: A.TREDS: Invoicemart setting a new benchmark in TReDS
A.TREDS: Invoicemart setting a new benchmark in TReDS A.TREDS is one of the three entities allowed by RBI to set up the Trade Receivables Discounting System (TReDS), an electronic platform for facilitating cash flows for MSMEs The TReDS platform connects MSME sellers and their corporate buyers to mu
Slide 67: Freecharge: Buy Now Pay Later and SMB Lending delivered strong growth
Freecharge: Strong traction continues in its payments led financial services journey; “Buy Now Pay Later” & “SMB* Lending” products delivered strong growth SMB* Ecosystem showing Freecharge Paylater DTH, UTILITIES strong Momentum MOBILE LOANS CARDS CA/SA/FD RECHARGES • 2.7x growth in no of loans QOQ
Slide 68: Agenda
Executive Summary Financial Highlights Capital and Liquidity Position Business Segment performance Asset Quality Sustainability Subsidiaries’ Performance Other important information Quarterly Results Q1FY23 68
Slide 69: Major awards won by the Bank and its subsidiaries
Major awards won by the Bank and its subsidiaries Won “Best Private Bank for Client Won “Retail Banker’s International Won “Finnoviti Award for Project Best CRM System ‘Financial Inclusion Initiative of Acquisition, Asia”, 5th Annual Asia Trailblazer”, for use of AI & ML Maximus” Implementation the
Slide 70: Shareholding Pattern (as on June 30, 2022)
Shareholding Pattern (as on June 30, 2022) SUUTI Others 1.52% 11.98% Life Insurance Corporation 7.97% GDR's 2.21% Foreign Institutional Investors 45.55% Indian Institutions 30.77% ▪ Share Capital `614 crores ▪ Shareholders’ Funds `119,378 crores ▪ Book Value Per Share `389 ▪ Diluted EPS (Q1 FY23) #
Slide 71: Financial Performance
Financial Performance Financial Performance (₹ crores) Q1FY23 Q1FY22 % Growth Interest Income A 18,729 16,003 17% Other Income B = C+D+E 2,999 3,359 (11%) - Fee Income C 3,576 2,668 34% - Trading Income D (667) 557 - - Miscellaneous Income E 90 134 (33%) Total Income F = A+B 21,728 19,362 12% Intere
Slide 72: Financial Performance ($ mn)
Financial Performance Financial Performance ($ mn) Q1FY23 Q1FY22 % Growth Interest Income A 2,371 2,027 17% Other Income B = C+D+E 380 425 (11%) - Fee Income C 453 338 34% - Trading Income D (84) 70 - - Miscellaneous Income E 11 17 (33%) Total Income F = A+B 2,751 2,452 12% Interest Expended G 1,183
Slide 73: Balance Sheet
Balance Sheet Balance Sheet As on 30th Jun’22 As on 30th Jun’21 As on 30th Jun’22 As on 30th Jun’21 % Growth CAPITAL AND LIABILITIES In ` Crores In ` Crores in $ Mn in $ Mn Capital 614 613 78 78 0.2% ESOP Outstanding 230 - 29 - - Reserves & Surplus 1,18,764 1,03,277 15,039 13,077 15% Deposits 8,03,5
Slide 74: Safe Harbor
Safe Harbor Except for the historical information contained herein, statements in this release which contain words or phrases such as “will”, “aim”, “will likely result”, “would”, “believe”, “may”, “expect”, “will continue”, “anticipate”, “estimate”, “intend”, “plan”, “contemplate”, “seek to”, “futu
Slide 75: Thank You
Thank You Quarterly Results Q1FY23 75