Central Bank of India · NSE:CENTRALBK
Central Bank of India — FY2024 Earnings Presentation
59 slides from Central Bank of India's earnings presentation, Apr 30, 2024
Slide 1: Submission letter to stock exchanges on results presentation
INVESTORS RELATION DIVISION Central Office CO:IRD:2024:25:37 Date: 30th April, 2024 National Stock Exchange of India Limited BSE Limited Listing Department, Exchange Plaza, Corporate Relationship Dept., Plot No. C/1, ‘G’ Block, Phiroze Jeejeebhoy Towers, Bandra-Kurla Complex, Bandra (East), Dalal St
Slide 2: FY 23-24 Analyst Presentation: Financial Result Analysis
Customer Satisfaction and Value Creation Financial Result Analysis https://youtube.com/c/CentralBankofIndiaOfficial https://www.instagram.com/centralbank_in https://in.linkedin.com/company/centralbankofindia http://twitter.com/centralbank_in https://www.facebook.com/centralbankofindia Visit us at ww
Slide 3: Macro Economic Indicators
MACRO ECONOMIC INDICATORS Country Nov-23 Dec-23 Jan-24 Feb-24 Mar-24 Manufacturing PMI India 56.00 54.90 56.50 56.90 59.10 China 50.70 50.80 50.80 50.90 51.10 Real GVA at basic prices Real GDP USA 49.40 47.90 50.70 52.20 50.30 UK 47.20 46.20 47.00 47.50 50.30 9.4 Germany 42.60 43.30 45.50 42.50 41.9
Slide 4: Macro Economic Indicators
MACRO ECONOMIC INDICATORS • Annual credit growth amounted to 19.95% in December 2023, while deposit grew by Y-o-Y % Change Credit-Deposit 13.28% in the same period. Furthermore, the proportion of term deposits that offer Ratio for SCBs interest rates of 7% and above has risen to 61.4% in December 20
Slide 5: Values That Set Us Apart
VALUES THAT SET US APART NURTURING CONSISTENCY RESPONSIVENESS LOYALTY POTENTIAL C E N T R A L ETHICAL TRANSPARENCY ACCOUNTABILITY STANDARDS FY 23-24 Analyst Presentation 4
Slide 6: Strengths
STRENGTHS Strong Rural + Semi Pan India Urban Presence with Presence with 65% of Total 20266 Customer Base Branches in RUSU Customer Touch 8.43 Crore Centers Points Strong Brand Best CASA base Dedicated Staff Image with Legacy of @50.02% of Strength Of 112+ Years Total Deposits 31,610 FY 23-24 Analy
Slide 7: Contents
CONTENTS Performance Highlights 07-11 01 Financial Performance 12-16 02 05 35-38 Investments Asset Quality & Digital Capital Adequacy 17-24 03 06 39-44 Journey & FI Business Group Performance 25-34 04 07 45-47 Performance Other 08 48-58 Information FY 23-24 Analyst Presentation 6
Slide 8: Performance Highlights
PERFORMANCE HIGHLIGHTS FY 23-24 Analyst Presentation
Slide 9: Key Highlights
KEY HIGHLIGHTS FY’24 vis-a-vis FY’23 ₹ ₹ 636756 Cr ₹ ₹ 385011 Cr ₹ ₹ 191969 Cr ₹ ₹ 251745 Cr ₹ ₹ 167126 Cr ₹ ₹ 4712Cr 10.34% 7.16% 6.46% 15.60% 15.47% 15.38% Total Total Gross Non Interest CASA RAM Business Deposits Advances Income Operating Profit Net Profit Gross NPA % Net NPA % ROA ROE ₹ ₹ 7363 C
Slide 10: Profitability – Sustained Growth
PROFITABILITY – SUSTAINED GROWTH NET PROFIT ₹ ₹ in Cr 77.87% 90.25% 56.77% 41.33% 807 718 605 571 418 458 235 318 JUN'22 JUN'23 SEP'22 SEP'23 DEC'22 DEC'23 MAR'23 MAR'24 61.13% 2549 1582 MAR'23 MAR'24 (FY) (FY) FY 23-24 Analyst Presentation 9
Slide 11: Sustained Headline Numbers (Quarter)
SUSTAINED HEADLINE NUMBERS ( On Stand alone basis) Quarter Ended Growth Particulars Mar'23 Dec'23 Mar'24 Q-o-Q Y-o-Y Yield on Advances (%) 8.65 8.94 8.91 (3 bps) 26 bps Yield on Investments (%) 6.43 6.40 6.80 40 bps 37 bps Yield on Funds (%) 8.15 8.13 8.42 29 bps 27 bps Cost of Deposits
Slide 12: Sustained Headline Numbers (Year)
SUSTAINED HEADLINE NUMBERS ( On Stand alone basis) Year Ended Growth Particulars Mar'23 Mar'24 Y-o-Y Yield on Advances (%) 7.61 8.72 111 bps Yield on Investments (%) 6.26 6.57 31 bps Yield on Funds (%) 7.57 8.10 53 bps Cost of Deposits (%) 3.92 4.61 69 bps Cost of Funds (%) 3.97 4.70 73 bps
Slide 13: Financial Performance
FINANCIAL PERFORMANCE FY 23-24 Analyst Presentation
Slide 14: Financials at a Glance
FINANCIALS AT A GLANCE ₹ ₹ in Cr Quarter Ended Year Ended Particulars Mar'23 Dec'23 Mar'24 Q-o-Q (%) Y-o-Y (%) Mar'23 Mar'24 Y-o-Y (%) Total Interest Income 7144 7809 8337 6.76 16.70 25542 30722 20.28 Total Interest Expenses 3631 4657 4796 2.98 32.08 13855 17826 28.66 Net Interest Income 3513 3152 3
Slide 15: Fee Based Income
FEE BASED INCOME ₹ ₹ in Cr Quarter Ended Year Ended Particulars Mar'23 Dec'23 Mar'24 Q-o-Q (%) Y-o-Y (%) Mar'23 Mar'24 Y-o-Y (%) Fee Based Income (i + ii + iii) 463 486 445 (8.44) (3.89) 1787 1838 2.85 Commission Exchange & Brokerage (i) 94 109 96 (11.93) 2.13 395 377 (4.56) - Commission on LC/BG/DD
Slide 16: Total Expenses
TOTAL EXPENSES ₹ ₹ in Cr Quarter Ended Year Ended Particulars Mar'23 Dec'23 Mar'24 Q-o-Q (%) Y-o-Y (%) Mar'23 Mar'24 Y-o-Y (%) Interest Expenses 3631 4657 4796 2.98 32.08 13855 17826 28.66 Interest Paid on Deposits 3502 4372 4428 1.28 26.44 13388 16908 26.29 Other Interest 129 285 368 29.12 185.27 4
Slide 17: Provisions
PROVISIONS ₹ ₹ in Cr Quarter Ended Year Ended Particulars Mar'23 Dec'23 Mar'24 Q-o-Q (%) Y-o-Y (%) Mar'23 Mar'24 Y-o-Y (%) NPAs 789 714 509 (28.71) (35.49) 3532 3391 (3.99) Standard Assets 378 69 188 172.46 (50.26) 681 52 (92.36) Depreciation/ Provisions on 73 (32) (29) 9.38 (139.73) 215 (265) (223.
Slide 18: Asset Quality & Capital Adequacy
ASSET QUALITY & CAPITAL ADEQUACY FY 23-24 Analyst Presentation
Slide 19: Asset Quality Trend
ASSET QUALITY TREND 8.44 1.77 1.75 1.64 1.23 1.27 4.62 4.95 4.50 4.50 MAR'23 JUN'23 SEP'23 DEC'23 MAR'24 MAR'23 JUN'23 SEP'23 DEC'23 MAR'24 GROSS NPA % NET NPA % ₹ ₹ in Cr Particulars Mar'23 Jun'23 Sep'23 Dec'23 Mar'24 Gross Advances 217779 219863 231032 239646 251745 Net Advances 202984 212690 2240
Slide 20: NPA Movement
NPA MOVEMENT ₹ ₹ in Cr Particulars FY 22-23 Jun'23 (QTR) Sep'23 (QTR) Dec'23 (QTR) Mar’24 (QTR) FY 23-24 Opening Gross NPAs 28156 18386 10891 10666 10786 18386 Add: Slippage of PAs to NPAs 3361 1062 2544 643 1175 4662 Increase in Balance of 715 175 133 107 133 462 Existing NPAs Sub-Total 4076 1237 2
Slide 21: Sector-wise NPA Classification
SECTOR-WISE NPA CLASSIFICATION NPA Classification: Sector-Wise ₹ ₹ in Cr Mar'24 Advances TOTAL TOTAL NNPA NNPA % Particulars Mar'23 Jun'23 Sep'23 Dec'23 Mar'24 (Mar'24) NNPA NNPA % 1426 3.23 Total NPA 18386 10891 10666 10786 11340 251745 3002 1.23 1161 2.42 Retail 1531 1293 841 831 867 71193 102 0.1
Slide 22: Other Major Ratios
OTHER MAJOR RATIOS PROVISION COVERAGE RATIO 93.73 93.58 92.48 92.23 92.54 Mar'23 Jun'23 Sep'23 Dec'23 Mar'24 SLIPPAGE RATIO CREDIT COST 1.29 1.28 3.51 2.21 0.70 1.78 0.62 1.71 1.53 0.57 0.54 1.24 0.37 0.34 0.85 0.44 JUN'22 JUN'23 SEP'22 SEP'23 DEC'22 DEC'23 MAR'23 MAR'24 JUN'22 JUN'23 SEP'22 SEP'23
Slide 23: Restructured Book
RESTRUCTURED BOOK Standard Restructured Book ₹ in Cr Segment Mar'23 Jun'23 Sep'23 Dec'23 Mar'24 Retail 348 409 400 628 625 Agriculture 183 177 176 256 233 MSME 560 512 477 702 722 Corporate 905 855 819 982 1011 TOTAL 1996 1953 1872 2568 2591 Standard Restructured - Covid-19 Resolution Framework Segm
Slide 24: Special Mention Accounts
SPECIAL MENTION ACCOUNTS ₹ in Cr Asset Quality Above 5 Cr Up to 5 Cr Total % of Total Adv. Mar'23 No. of A/Cs Amount No. of A/Cs Amount No. of A/Cs Amount SMA 0 26 253 92306 5794 92332 6047 2.78 SMA 1 19 287 145666 6219 145685 6506 2.99 SMA 2 1 40 36118 267 36119 307 0.14 TOTAL 46 580 274090 12280 2
Slide 25: Capital Ratios
CAPITAL RATIOS CAPITAL ADEQUACY RATIO* 14.12 14.74 15.08 2.62 2.57 2.01 12.46 12.17 12.11 MAR'23 DEC'23 MAR'24 CET-I Tier-II LEVERAGE RATIO* 5.13 4.91 4.73 MAR'23 DEC'23 MAR'24 * CRAR (BASEL recapitalization III) and Leverage Ratio are arrived at after considering the NPV of non-interest bearing bon
Slide 26: Business Performance
BUSINESS PERFORMANCE FY 23-24 Analyst Presentation
Slide 27: Business Across the Board
BUSINESS ACROSS THE BOARD ₹ ₹₹₹ ₹ in Cr PARTICULARS MAR'23 MAR'24 Y-o-Y Growth % Total Business 577075 636756 10.34 Total Deposits (Including Interbank Deposits) 359296 385011 7.16 CASA Deposits 180312 191969 6.46 CASA % 50.39 50.02 (37 bps) Total Advances 217779 251745 15.60 RAM 144735 167126 15.47
Slide 28: Deposit Mix
DEPOSIT MIX ₹ ₹ in Cr MAR'23 Y-o-Y PARTICULARS MAR'23 MAR'24 0.40% Growth % 49.41% 4.95% Current 17781 18248 2.63 Savings 162531 173721 6.88 45.24% Total CASA Deposits 180312 191969 6.46 MAR’24 CASA % 50.39 50.02 (37 bps) 0.31% 4.74% 49.83% Core Time Deposits 177528 191839 8.06 Total Core Deposits 3
Slide 29: Credit Performance
CREDIT PERFORMANCE ₹ in Cr Y-o-Y SECTOR MAR'23 MAR'24 Growth % Retail 62726 71193 13.50 MAR'23 MAR’24 Agriculture 42110 46063 9.39 33.54% 28.80% 33.61% 28.28% MSME 39899 49870 24.99 RAM RAM 66.46 % 66.39% RAM 144735 167126 15.47 18.32% 19.34% 19.81% 18.30% Corporate 73044 84619 15.85 Gross Advance 2
Slide 30: Diversified Loan Book
DIVERSIFIED LOAN BOOK ₹ ₹ in Cr SECTOR Amount Housing Loan 44057 Auto Loan 3343 As on 31st MAR'24 Personal Loan 4514 Education Loan 4284 17.50% 33.61% Other Retail Loan 14995 1.33% Housing Loan Personal Loan 1.79% Total Retail 71193 RAM 1.70% Education Loan Agriculture Loan MSME Credit Other Retail
Slide 31: Retail Segment
RETAIL SEGMENT ₹ ₹ in Cr As on 31st MAR’24 % of Total Retail Advance Y-o-Y Growth 4.70% 2.92% 61.88% 13.57% AUTO LOAN HOME LOAN ₹ 3343 ₹ ₹ 44057 EDUCATION PERSONAL OTHER LOAN LOAN LOAN ₹ ₹ ₹ 14995 ₹ 4284 ₹ 4514 6.02% 18.18% 6.34% 23.87% 21.06% 11.77% Retail Segment ₹ 71193 28.28 % of Total Advance Y
Slide 32: Rated Standard Advances
RATED STANDARD ADVANCES ₹ ₹ in Cr INVESTMENT GRADE WISE STANDARD ADVANCES Y-o-Y (FUND BASED) MAR'23 MAR'24 (%) ( 25 Crore & Above) MAR'23 MAR’24 AAA 23542 35139 49.26 Unrated. Government BB and Below. Unrated. AA 14408 22450 55.82 BB and 1.38% Below. 7.81% Guaranteed 3.00% A Advances. 3.91% 5.92% 56
Slide 33: Sanctions & Outstanding
SANCTIONS & OUTSTANDING ₹ ₹ in Cr GROWTH (%) SANCTIONS SANCTIONS DISBURSEMENTS OUTSTANDING IN SANCTIONS SECTOR Sector (Amt.) (Amt.) No. of No. of A/Cs A/Cs Amt. Amt. No. of A/Cs Amt. Amt. As on Mar'22 Mar'23 Y-o-Y Mar'22 Mar'23 Mar'22 Mar'23 Mar'24 Mar'23 Mar'24 31st Mar’24 Retail 224769 19730 26022
Slide 34: Co-Lending
CO-LENDING ₹ ₹ in Cr GROWTH GROWTH (%) (%) SANCTIONS SANCTIONS DISBURSEMENTS M OUTSTANDING IN DISBURSEMENTS IN (Amt.) (Amt.) SANCTIONS SECTOR Sector a (Amt.) No. of A/Cs Amt. No. of A/Cs Amt. r Mar'23 Y-o-Y No. of A/Cs Amt. No.Mar'22 of A/Cs Mar'22 Amt. No.Mar'23 of A/Cs Amt. No. of A/Cs Mar'23 Amt.
Slide 35: Achievement Under Mandated Targets
ACHIEVEMENT UNDER MANDATED TARGETS TOTAL PRIORITY SECTOR ADVANCES AGRICULTURE ADVANCES @ 53.14% of ANBC against norm of 40% @ 20.57% of ANBC against norm of 18% SURPASSED THE MANDATED NORMS IN RESPECT OF WEAKER SECTOR ADVANCES TO SMALL AND MARGINAL FARMERS @ 17.06% of ANBC against norm of 12% @ 10.9
Slide 36: Investments
INVESTMENTS FY 23-24 Analyst Presentation
Slide 37: Investment Portfolio
INVESTMENT PORTFOLIO ₹ ₹ in Cr Mar'23 Mar'24 Particulars Mar’23 Mar'24 Govt. Securities 103204 112881 0.47% 2.03% 0.03% 0.49% 2.18% 0.03% 23.13% 20.38% Other Approved - - Shares 2844 2143 1.99% 1.43% Debentures & Bonds 32992 30470 Subsidiaries & Joint Ventures 670 740 72.35% 75.49% Others 2896 3257
Slide 38: Treasury Performance
TREASURY PERFORMANCE ₹ in Cr INTEREST ON INVESTMENT PROFIT ON SALE OF INVESTMENT Particulars Mar’23 Mar’24 9510 8715 637 Aggregate Investment 142653 149538 273 Interest on Investment 8715 9510 Yield on Investment % 6.26 6.57 MAR'23 MAR'24 MAR'23 MAR'24 Profit on Sale of Investment 273 637 Profit on
Slide 39: Treasury Operations
TREASURY OPERATIONS ₹ in Cr TOTAL INVESTMENT BOOK MAR’23 MAR'24 AGGREGATE INVESTMENT 142653 149538 PORTFOLIO HTM AFS HFT HTM AFS HFT INVESTMENT 107011 35550 92 107024 41733 781 PERCENTAGE 75.01% 24.92% 0.07% 71.57% 27.91% 0.52% TOTAL SLR 103204 112881 CATEGORY WISE 79210 23902 92 81993 30107 781 AFS
Slide 40: Digital Journey
DIGITAL JOURNEY FY 23-24 Analyst Presentation
Slide 41: Leveraging Technology
LEVERAGING TECHNOLOGY Lead Generation Through Missed Call Customer feedback on branch CFC – Centralized Forex level through SMS Cell for end to end transactions and End to end digital improvement in turn VKYC with lending for MSME around time generation of and CKCC Renewal account number Deceased cl
Slide 42: Digital Transactions & Customer Touch Points (1/2)
DIGITAL TRANSACTIONS & CUSTOMER TOUCH POINTS (1/2) Apr’22 to Mar’23 Apr’23 to Mar’24 UPI Debit Card (POS) 1.90% 5.79% 1.22% 5.38% 5.43% 5.67% 1.61% 0.81% IMPS RTGS/NEFT 0.64% 0.52% 0.51% 0.60% 5.65% 4.54% Mobile Banking AEPS-BHIM-AADHAR 78.38% 81.35% Internet Banking Others Share of Digital Txns Sha
Slide 43: Digital Transactions & Customer Touch Points (2/2)
DIGITAL TRANSACTIONS & CUSTOMER TOUCH POINTS (2/2) IMPS TRANSACTIONS UPI (Remitter + Beneficiary) 26931.24 1503.66 1432.93 19882.66 APR'22 - MAR'23 APR'23 - MAR'24 APR'22 - MAR'23 APR'23 - MAR'24 MOBILE BANKING INTERNET BANKING 170.52 169.70 163.14 152.82 APR'22 - MAR'23 APR'23 - MAR'24 APR'22 - MAR
Slide 44: Digital Initiatives in Progress
DIGITAL INITIATIVES IN PROGRESS Digital Lending Platform (DLP) Digital Lending Platform provides convenience to customers to avail loans in Straight Through Process (STP) and assisted modes. The journeys being currently offered are Retail and Agri Gold Loan, KCC, PAPL and Shishu-Mudra. The platform
Slide 45: Financial Inclusion
FINANCIAL INCLUSION S No. of Accounts (in Lakhs) Balance Outstanding (₹ in Cr) O C 6987.08 6224.66 176.59 5965.85 5871.70 5718.57 I 173.86 P 170.15 A 166.33 L M 162.26 J S D E C Y MAR'23 JUN'23 SEP'23 DEC'23 MAR'24 MAR'23 JUN'23 SEP'23 DEC'23 MAR'24 U R I T PMJJBY PMSBY APY Y 94.31 23.21 90.06 22.01
Slide 46: Central Bank of India - Group
CENTRAL BANK OF INDIA - GROUP Subsidiaries ₹ in Cr Central Bank of India FY 2023-24 Particulars Cent Bank Home Finance Ltd. (Unaudited) Shareholding Mar'23 Mar’24 • Engaged into Housing Finance Activity • Presence in 11 States through 24 Branches Total Income 140.93 162.30 & 6 SPOKE locations Net Pr
Slide 47: Central Bank of India - Group Position
CENTRAL BANK OF INDIA - GROUP Group Position ₹ in Cr Particulars As on 31st Mar’23 As on 31st Mar’24 CAPITAL & LIABILITIES Capital 8681 8681 Reserves and Surplus 20536 23693 Minorities Interest 67 76 Deposits 359775 385541 Borrowings 8334 20013 Other Liabilities and Provisions 9687 9767 Total 407080
Slide 48: Central Bank of India - Group Performance
CENTRAL BANK OF INDIA - GROUP Group Performance ₹ in Cr FY 2023-24 Particulars MAR’23 MAR’24 INCOME Interest and Dividend Earned 25657 30849 Other Income 4084 4713 Total 29741 35562 EXPENDITURE Interest Expended 13905 17882 Operating Expenses 8910 10275 Provisions and Contingencies 5317 4829 Total 2
Slide 49: Shareholding Pattern
SHAREHOLDING PATTERN Insurance Other Body Public. Cos.. 2.69% Corp. 0.18% 3.59% NRI. 0.06% GOI As on 31st MAR'24 FIIs . 0.17% Others. Banks & FI 0.23% FIIs Share Capital : ₹ ₹ 8680.94 Cr Banks & FI. 0.00% Insurance Cos. Shares of Central Bank of India Public are listed at BSE and NSE Other Body
Slide 50: HR Initiatives
HR INITIATIVES ANNUAL SPORTS DAY 24X7 TELE MEDICAL ONLINE YOGA EMPLOYEE ASSISTANCE ANNUAL HEALTH EVENT AND FAMILY CONSULTATION SESSIONS PROGRAM CHECKUP GET-TOGETHER SERVICE Introduced a culture for Introduction of In partnership with reputed Bank has Introduced Annual health checkup celebrating Digi
Slide 51: Pan India Network of Branches
PAN INDIA NETWORK OF BRANCHES As on 31st MAR'24 1. Ladakh 1 2. Jammu and Kashmir 15 Total Branches 4500 3. Himachal Pradesh 1 55 Rural 1606 2 4. Chandigarh 11 Semi Urban 1332 5. Punjab 139 3 6. Uttarakhand 41 Urban 771 7. Haryana 136 5 4 Metro 791 6 8. National Capital Territory of Delhi 97 9. Rajas
Slide 52: Guidance
GUIDANCE GUIDANCE FOR GUIDANCE FOR PARAMETERS FY 23-24 ACHIVEMENTS FY 24-25 Business Growth 10-12% 10.34% 10-12% Deposit Growth 8-10% 7.16% 8-10% Advances Growth 14-15% 15.60% 14-15% CASA 50%(+/- 1%) 50.02% 50%(+/- 1%) RAM: Corporate Credit Ratio 65:35 (+/-5%) 66:34 65:35 (+/-5%) NIM Above 3% 3.40%
Slide 53: ESG
ENVIRONMENT, SOCIAL AND GOVERNANCE ESG • The bank released it’s 5 year strategy - Vision Document on ESG on 21st December 2023. • The Bank has set ambitious targets to achieve Net Zero under scope 1 and reduce scope 2 emissions by 50% by 2028. • The vision document outlines a comprehensive approach
Slide 54: Environment, Social and Governance
ENVIRONMENT, SOCIAL AND GOVERNANCE Environment Social Governance • Banks offers various Green Finance • Bank will incorporate a session on ESG • Bank has put together robust Schemes including: and bank’s strategies in the induction Governance structure to review - Energy Efficiency Scheme for MSME’s
Slide 55: Awards and Recognition
AWARDS AND RECOGNITION Gold Skoch Award Central Bank of India received for Strategic Digital HR recognition as the Best Transformation Organization for Women 2024 FY 23-24 Analyst Presentation 54
Slide 56: Awards and Recognition
AWARDS AND RECOGNITION Best Consumer Delight Highest DQI Special Mention Under PSU Consumer awards Improvement PSU Best Financial Inclusion FY 2023-24 Consumer FY 2023-24 FY 23-24 Analyst Presentation 55
Slide 57: Product Offering
PRODUCT OFFERING FY 23-24 Analyst Presentation 56
Slide 58: Disclaimer
DISCLAIMER Certain statements in this presentation are forward looking statements which are based on management’s current expectations and estimations. Actual outcome may change due to some uncertainties, risk and various other factors. Note: Figures of earlier period have been regrouped wherever ne
Slide 59: Thank You
THANK YOU FY 23-24 Analyst Presentation