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Disclaimer 2 This presentation (the "Presentation") has been prepared by The South Indian Bank Ltd., (the "Company") for informational purposes only. 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. 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 the Company’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 materially from these forward-looking statements due to a number of factors, including future changes or developments in the Company’s business, its competitive environment and political, economic, legal and social conditions in India. This communication is for general information purpose only, without regard to specific objectives, financial situations and needs of any particular person. No part of this Presentation should be construed as investment advice or a recommendation to buy or sell any securities or to engage in any investment strategy. The information provided does not constitute legal, tax, or financial advice and should not be relied upon as such. Investors should conduct their own due diligence and consult with qualified financial and legal advisors before making any investment decisions. The Company makes no representations or warranties regarding the completeness or accuracy of the information contained in this Presentation, and to the fullest extent permitted by law, the Company shall not be liable for any loss, damage, or expense of any kind arising from reliance on this information. The Company may alter, modify or otherwise change in any manner the content of this presentation, without obligation to notify any person of such revision or changes. This presentation cannot be copied and/or disseminated in any manner.
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Brief Snapshot About South Indian Bank – Key Highlights Transformation Journey of the Bank Annexure 1 2 3 4 3
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BRIEF SNAPSHOT
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A Year of Transformation 5 Major Highlights for the Financial Year 2024-25 Highest ever Significant indicators of progress…. PCR (Incl. w/off) 85.03% Other Income Rs. 1813 crore NII Rs. 3486 crore Net Profit Rs. 1303 crore RoA 1.05% RoE 12.90% NNPA 0.92%GNPA 3.20% PPOP Rs. 2270 crore Slippage Ratio 1.31% (Annualized) Enhanced ease of doing business Built new customer facing systems & processes Significant investment in training. Focus on culture change Active management of cost, reducing the CIR by 431 bps Achieved positive operative leverage in current financial year. Transformation in progress …. 5
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Performance Highlights (1/2) 6 Gross Advances Disbursements Deposits Rs. 87,579 Cr Rs. 1,63,270 Cr Rs. 1,07,526 Cr Rs. 80,426 Cr Rs. 95,040 Cr Rs. 101,920 Cr Large Scale of Operations Retail Deposits Rs. 104,750 Cr Rs. 97,743 Cr CASA % 31.37% 32.08% FY25 FY24 Profit After Tax Return on Assets Return on EquityNet Interest Margin Rs. 342 Cr Rs. 288 Cr 3.21% 3.38% 1.11% 0.99% 13.74% 13.11% Consistently Delivered Robust Shareholder Returns Q4FY25 Q4FY24
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Performance Highlights (2/2) 7 Healthy Asset Quality GNPA PCR (incl. w/off) PCR (excl. w/off)NNPA 3.20% 4.50% 0.92% 1.46% 85.03% 79.10% 71.77% 68.66% Branches States / UTs Digital TransactionsEmployees 948 955 9,369 9,836 26 / 4 26 / 4 98.2% 97.5% Multi-pronged distribution Q4FY25 Q4FY24 CRAR 19.31% 19.91% Q4FY25 Q4FY24
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ABOUT SOUTH INDIAN BANK – KEY HIGHLIGHTS
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Key Highlights 9 Diversified loan book – focused on retail, MSME and high quality corporate Pan India presence Strong focus on Asset Quality and Collection Efficiency Well distributed Deposit base with stable cost of funds Focus on Digital channel to drive operating efficiency Strong Management Team and Robust Financial Performance 1 2 3 4 5 6
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Diversified Loan Book with granularity and strong growth in disbursements 10 1 80,426 82,580 84,714 86,966 87,579 Q4'FY24 Q1'FY25 Q2'FY25 Q3'FY25 Q4'FY25 95,040 33,482 76,872 1,22,572 1,63,270 Q4'FY24 Q1'FY25 Q2'FY25 Q3'FY25 Q4'FY25 55% 53% 52% 12% 11% 11% 9% 10% 9% 24% 26% 28% Mar'24 Dec'24 Mar'25 <5 Cr 5-25 Cr 25-100 Cr >100 Cr 84,77983,23076,806 Advances excl. GNPA Advances split by Ticket Size Consistently growing loan book…. …and Disbursements ..and granular book Business Loans 14% Agriculture 19% Personal Segment 26% Corporate 41% Well diversified loan book with ~60% other than corporates Q4’FY25 Rs 87,579 Cr With a diversified portfolio… Rs. Cr Rs. Cr 9% Cumulative for the quarter Rs. Cr
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* Includes IBPC and Portfolio Buyout # Includes remapping of ML from B Segment Consistent growth momentum in retail advances continues 11 Personal Segment 17,639 19,188 21,353 22,143 22,405 Mar'24 Jun'24 Sep'24 Dec'24 Mar'25 Mix of Personal Segment 27% Housing* 35% Mortgage*# 17% Retail Gold, 14% Personal Loan, 10%Vehicle, 9% Credit Card, 6% Loan against Deposit, 7% Others, 2% Rs. Cr Home Loans* Auto Loans 5,083 7,877 Mar'24 Mar'25 1,599 1,987 Mar'24 Mar'25 55% 24% 1,885 3,814 Mar'24 Mar'25 102% Mortgage Loans*# Rs. Cr Rs. Cr Rs. Cr Gold Loan (Incl Agri) 15,513 16,982 Mar'24 Mar'25 9% Rs. Cr
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Consistent growth momentum in advances continues 12 Healthy growth in Avg. Advances ....increased loan disbursals 37% Rs. Cr Growth of 10% 62,625 63,877 67,353 69,235 71,016 72,379 74,693 78,449 80,387 82,197 83,495 86,061 Q1FY23 Q2FY23 Q3FY23 Q4FY23 Q1FY24 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 12,535 13,534 10,863 17,835 22,106 21,349 22,342 29,233 33,482 43,390 45,700 40,698 Q1FY23 Q2FY23 Q3FY23 Q4FY23 Q1FY24 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Rs. Cr
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Branch Value Added – Same Store Sales 13 Branch Value Added 100.0% 90.0% 116.7% 108.5% 157.4% Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 SVA (Indexed) Same Store Sales are compared by computing the NPV of new product sales / incremental balances in existing accounts basis historical trends. These are compared over time. It may be noted that the value addition imputed in this process assumes the behaviour of new accounts would mimic historical trends. Therefore, this process is inherently inexact and comparison over time may not be entirely appropriate. This inherent limitation must be kept in mind while analyzing the data contained above. The above figures are rebased to 100 as on Q4 FY24. 100.0% 79.9% 119.1% 108.3% 151.9% 100.0% 114.0% 127.8% 103.0% 165.8% 100.0% 86.7% 98.2% 115.3% 160.8% Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Branch Value Added – Region wise Kerala South - Ex Kerala Rest of India 100.0% 100.4% 108.7% 100.9% 155.1% 100.0% 93.1% 129.4% 111.3% 176.4% 100.0% 80.8% 115.7% 113.0% 149.7% 100.0% 107.9% 113.8% 94.3% 159.0% Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Branch Value Added – Geography wise METRO URBAN SEMI URBAN RURAL
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Standard Large Corporate Advances, 27% Others, 73% *Figures after remapping as on 01-04-2024; **Does not include exposure to unrated state government owned entity Dominant share of A & above rated corporate loans 14 Corporate Loan Book Standard Large Corporate Advances (Rs. 100 Cr & Above) High share of A & Above rated Large Corporate Loans** 32,084 33,984* 33,961* 34,956* 36,198 * Mar'24 Jun'24 Sep'24 Dec'24 Mar'25 Rs. Cr Mar'24 Mar'25 18,539 24,066 0.0% 1.3% 0.0% 0.0% 0.0%2.0% 0.7% 0.4% 0.4% 0.3% 6.0% 5.5% 5.2% 4.2% 3.7%34.2% 27.3% 28.8% 29.4% 31.6% 57.8% 65.3% 65.6% 66.0% 64.4% Mar'24 Jun'24 Sep'24 Dec'24 Mar'25 < BBB BBB A AA AAA Rs. Cr Standard Advance above Rs. 100 Cr (External Rating) Rs. Cr Mar’25 99.7 % A & Above rated Large Corporate Loans
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MSME Loans comprise mainly of High-Yield Portfolio 15 Focus on MSME loans… ….while creating a granular and diversified book Geographical Split Kerala, 40% South (ex-Kerala), 38% Rest of India, 22% Mar’25 – Rs. 12,686 Cr 47.1 51.3 52.6 52.5 51.78 Mar'24 Jun'24 Sep'24 Dec'24 Mar'25 Rs. Lakhs Average MSME Loan/Account MSME Strategic Initiatives * Figures after remapping on 01-04-2024 # includes write off of 546 crore 15 Dedicated Vertical Sales Incentives Focus on Sector- Based Lending Skill Building Program Tech-enabled Renewals Revamped ML Product Branch Empowerment Streamlined Loan Processes MSME customers relationship managed by dedicated team with Relationship Managers and Sales Managers. Introduced performance-driven reward system to incentivize ECG front end sales team by focusing on disbursement. To drive targeted growth and manage risk effectively, we are strategically focusing on sector-based lending. A structured skill-building initiative for MSME teams has been implemented, focusing on portfolio quality and superior customer experiences. Transaction-based renewals were enabled through technology for hassle-free renewal of borrower accounts New ML product and system launched to improve market position Bank branches are empowered to handle small-value MSME loans with the support of on-the-ground technology for faster sanctioning. A revised Straight Through Process (STP) model, enabling quicker disposal of small-ticket loans and GST-based Overdraft facilities up to Rs. 2 Cr, with a TAT of one day, ensuring best-in-class credit delivery. Rs. in crore 01-Apr-24* Jun-24 Sep-24 Dec-24 Mar-25# MSME/SME 9,958 9,691 9,443 9,317 9,698 Others 3,506 3,387 3,471 3,725 2,988 Total 13,464 13,078 12,914 13,042 12,686
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Rest of India, 31% South (Ex- Kerala), 34% Kerala, 35% 16 Pan India presence with focus on diversification2 *Map for illustration purpose only 955 948 Q4FY24 Q4FY25 1,321 1,280 Q4FY24 Q4FY25 7.6 8.0 Q4FY24 Q4FY25 100+ 50-100 20-50 10-20 No. Of Branches Branches1 ATM / CRM Customers Mn 1. Excludes 5 USBs & Satellite branches Branch NetworkDiversifying Loan Book Outside Kerala 21% 19% 49% 11% Metropolitan Urban Semi-Urban Rural Q3’FY25 Branch Split* Q4’FY25 Has a network of 948 Branches across India Rest of India, 37% South (Ex- Kerala), 33% Kerala, 30% Q4’FY24 Loan Book Rs. 80,426 Cr Q4’FY25 Loan Book Rs. 87,579 Cr Expanding book outside Kerala
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17 Strong focus on improving asset quality and collection efficiency3 Net NPA below pre- covid level 6.97% 5.90% 5.14% 4.50% 3.20% 4.71% 2.97% 1.86% 1.46% 0.92% Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 GNPA NNPA …with focus on Recoveries and Upgrades Significant improvement in PCR…. 58.7% 69.6% 76.8% 79.1% 85.0% 34.1% 51.3% 65.1% 68.7% 71.8% Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 PCR Incl W/off PCR excl W/off 690 1,464 1,814 1,642 1,534 FY21 FY22 FY23 FY24 FY25 Rs. Cr …and reduced SMA 2* 521 575 490 504 288 0.7% 0.7% 0.6% 0.6% 0.3% Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 SMA 2 as % of advances Rs. Cr * Includes SMA2 from portfolio buyout
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4,177 3,787 3,800 2,966 2,776 6,075 5,913 6,373 5,927 6,030 26,618 27,282 27,158 26,903 27,699 65,050 66,550 68,120 69,590 71,021 Q4'FY24 Q1'FY25 Q2'FY25 Q3'FY25 Q4'FY25 Bulk Current Savings Retail Term 18 Well Distributed Deposit Base with focus on low cost deposits4 Breakup of Deposits Rs. Cr 101,920 105,451 105,387103,532 32,693 33,195 33,530 32,830 33,730 Q4'FY24 Q1'FY25 Q2'FY25 Q3'FY25 Q4'FY25 31.15% 31.37% 32.08% 32.06% 31.80% % Deposits CASA Ratio continues to hold… CASA AQB continues to grow consistently…. 100 104 106 105 105 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Rebased to 100 Rs. Cr 107,526
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19 NRI Deposit continues to be a focus with stable Cost of Funds Breakup of Non Resident Deposits Cost of Funds / Yield on Funds Rs. Cr 4.79 4.91 4.80 4.84 4.96 7.78 7.85 7.68 7.64 7.83 Q4'FY24 Q1'FY25 Q2'FY25 Q3'FY25 Q4'FY25 Cost Of Funds Yield on Funds Deposit Type Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 NR SB 7,042 7,120 7,178 7,424 7,480 NR CD 57 57 58 59 55 FCNR (B), RFC & Others 2,337 2,359 2,387 2,517 2,787 Low-Cost NRI Deposit 9,436 9,536 9,623 10,000 10,322 NRE Term Deposit 19,105 19,390 19,624 19,859 19,946 NRO Term Deposit 1,156 1,177 1,241 1,273 1,334 Total 29,697 30,103 30,488 31,132 31,602 Yield on advances/ Yield on Investments / Cost of Deposits 9.34% 9.19% 9.06% 9.01% 9.02% 6.29% 6.52% 6.42% 6.48% 6.88% 5.33% 5.40% 5.35% 5.42% 5.58% Q4'FY24 Q1'FY25 Q2'FY25 Q3'FY25 Q4'FY25 Yield on Advances Yield on Investments Cost of Deposits
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Multitude of Digital Initiatives…5 Driving customer empowerment through continuous digital transformation… Purchase using your debit card and choose to pay in installments with Debit Card EMI facility Update account nomination through digital channels Receive loan due intimations on WhatsApp promptly Opt for PMJJBY/PMSBY digitally. Buy ICICI or Go Digit insurance via digital channels bundled with personal loans- fully digital Seamlessly make digital payments to Karnataka Treasury using internet banking With SIB UPI integrations, convenient offerings to Tirupathi, Attukal temples & Archdiocese of Goa & Daman Basilica A new website provision for customers to quickly register NACH mandate for their Loan accounts Fast Lifestyles need faster banking Personal Loan in 10 minutes End to End digital process Flexible Loan amount and tenure Instant approval and disbursal Invest in instant FD online No Savings account needed Insured by DICGC 100% digital process Taken various digital initiatives… 20
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21 ..leading to a rise in transactions with high digital share Internet Transaction Volume Mobile Transaction Volume 3,143 3,133 3,431 3,728 3,873 97.5% 97.8% 98.0% 98.2% 98.2% Mar'24 Jun'24 Sep'24 Dec'24 Mar'25 Daily average Transactions through digital channel % total transactions (000)’s 2,139 2,136 1,935 1,806 1,749 Mar'24 Jun'24 Sep'24 Dec'24 Mar'25 158 164 178 192 197 Mar'24 Jun'24 Sep'24 Dec'24 Mar'25 (000)’s Mn ….leading to rising digital banking…..
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….creating operational efficiency 22 Employee Additions Cost-to-Income Ratio (Quarterly) Improving productivity metrics -91 -78 -55 -214 -66 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 64.5% 60.6% 58.7% 59.8% 52.6% Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 17.7 19.1 19.4 20.0 20.4 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 178 191 193 196 198 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Business per Employee Business per BranchRs. Cr Rs. Cr
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23 Robust Track Record of Financial Performance6 Total Business Gross Advances Disbursements Net Interest Income Profit after Tax Return Metrics 1,42,128 1,50,957 1,63,743 1,82,346 1,95,104 FY21 FY22 FY23 FY24 FY25 59,418 61,816 72,092 80,426 87,579 FY21 FY22 FY23 FY24 FY25 24,533 54,800 95,040 1,63,270 FY22 FY23 FY24 FY25 2,407 2,240 3,012 3,332 3,486 FY21 FY22 FY23 FY24 FY25 62 45 775 1,070 1,303 FY21 FY22 FY23 FY24 FY25 1.07% 0.77% 11.61% 12.13% 12.90% 0.07% 0.04% 0.72% 0.91% 1.05% FY21 FY22 FY23 FY24 FY25 RoE RoA Rs. Cr Rs. Cr Rs. Cr Rs. CrRs. Cr
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Enhancing Portfolio Resilience Improving Branch Productivity Cost Optimization Growing non- branch Distribution & Leveraging Partnerships Enhancing Control / Compliance Architecture 24 Key Areas of Focus
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The Way Forward – Building ‘Frictionless Processes’ Build out of new automated digital channels continue – Implemented Digital Initiatives 25 Simplified Renewal process for WC Limits (Live from Jan 2025) Simplified Loan process flow to handle MSME renewals for limits between 2-5 Crores Micro Power (Live from Mar 2025) Unified STP flow, for handling MUDRA & SIB UDAY proposals up to 10 lakhs Composite Power (Live from Apr 2025) STP enabled process flow for retail MSME credit proposals with multiple facilities (incl. non funded) Transaction Based Renewal (Live from Apr 2025) Phase III of (TBR) process flow to route Working Capital renewal proposals up to 2 Crores Power CONSOL (Live from May 2025) STP to handle proposals intended to consolidate and realign credit exposure of approaching customers Auto Renewal of AGRI KCC (Live from Nov 2024) Application module for renewal of AGRI KCC proposals upto 50 lakhs Edu Power (Live from May 2025) Revamped with attractive features and streamlined process, for overseas education finance Power Drive (Live from Sep 2024) In-house developed STP process flow for Vehicle Loan proposals Aawas power (Live from May 2025) STP-based LOS for Affordable housing loan proposals LAP Power (Live from Sep 2024) Automated STP platform for Loan Against Property (LAP) proposals Gold Loan Digitalization Process (Live from Mar 2025) Digitalization of Gold loan on- boarding process and documentation with e-sign feature GST Power (Live from Apr 2024) STP Model to manage the entire process for MSME OD from ₹10 lakh to ₹200 lakhs
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www Growing Non – Branch Distribution and Leveraging Partnerships 26 Way Forward – Growing Non- branch Distribution & Leveraging Partnerships sStrategic Tie-Ups (Live) Asset Partnerships Qualified lead referral programs for Mortgage Loans Liability Partnerships Fintech Partnership- allowing NTB customers to open deposit accounts Strategic Tie-Ups (Live) Co-lending partnership Co-lending / DA platform Debit Card EMI Program SIB partners with CapFloat Financial Services Private Limited (axio) to offer seamless online checkout finance for Amazon customers, aiming to enhance its retail portfolio quality and expand its customer base. Digital sourcing of current accounts through referral programs Loan against Mutual fund Pure play –Inhouse products In-house solutions for Digital deposits and Digital Personal loans.
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• Working towards building a ‘customer centric’ branch engaging small businesses and individuals in the neighbourhood of the branches. • 97% of Branch Heads received focused training on small businesses to enable appropriate support for these entities • Staff trained to enable empathetic, customer focused interactions in Branch with every customer type • Extensive use of external training resources to effect change in mindset Emp. Category Internal FY2024-25 External FY2024-25 Total FY2024-25 Internal FY2023-24 External FY2023-24 Total FY2023-24 Executives 9 117 126 9 142 151 Officers 2904 2054 4958 3871 820 4691 CSAs 2262 195 2457 1717 35 1752 SIBOSL/Outsourced 571 0 571 500 0 500 Total Nos. Trained 5746 2366 8112 6097 997 7094 A Transformation in Progress 27
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Improving Operating efficiency Expenses being tracked closely Expenses growth sequentially muted Overall headcount continues to shrink Significant momentum in Retail Segment Home, Auto, Gold, Agriculture, CV/CE showing good traction 1 78:22 – Tooth to Tail Ratio Further progress expected during the financial year Training/ Re-skilling of staff gathering pace 1,304 Staff trained in various programs against 1,209 in Q4’FY24 2 3 4 28 The Way Forward – Building ‘Frictionless Processes’
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TRANSFORMATION JOURNEY OF THE BANK
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Significant transformation of business since Sep’2020 30 Churned around 81% of overall loan book since Oct’ 2020 Old Loan Book GNPAShare of A+ rated Corporate Loans NNPA Current Loan Book (INR Cr) Sep’20 70,606 16,973 Current Book New Book Old Book Current GNPA Split 98% 3.20% 0.90% 88% of Current GNPA is from Old book GNPA Old book 14.56% 0.46% GNPA New book (INR Cr) Mar’25 GNPAShare of A+ rated Corporate Loans NNPA 66% 4.87% 2.53% 65,349 Old Book Old Book 88% New Book 12%
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ANNEXURE
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Profit & Loss Overview (Standalone) 32 Particulars (Rs. In Cr) Q4-FY25 Q4-FY24 Y-o-Y (%) Q3-FY25 Q-o-Q (%) FY 2025 FY 2024 Y-o-Y (%) Net Interest Income 868 875 -1% 869 0% 3,486 3,332 5% Non-Interest Income 572 346 65% 410 40% 1,813 1,515 20% Core Fee Income 194 191 2% 188 3% 758 701 8% Treasury & Forex 81 80 1% 57 42% 272 352 -23% Other* 297 75 296% 165 80% 783 462 69% Total Income 1,440 1,221 18% 1,279 13% 5,299 4,847 9% Operating Expenses* 757 787 -4% 750 1% 3,029 2,979 2% Operating Profit 683 434 57% 529 29% 2,270 1,868 22% Provisions & Contingencies 224 41 446% 66 239% 513 339 51% Profit Before Tax 459 393 17% 463 -1% 1,757 1,529 15% Provision for Tax 117 105 11% 121 -3% 454 459 -1% Profit After Tax 342 288 19% 342 0% 1,303 1,070 22% *Based on the revised agreement with the credit card partner, during the current quarter bank had netted off certain credit card income and expenses. Accordingly the previous period figures are also re classified. The figures for the quarters are Q2 – 39.35 crore, Q3 – 38 crore, Q4 – 42 crore
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Balance Sheet Overview (Standalone) 33 Particulars (Rs. In Cr) Q4 FY25 Q4 FY24 Y-o-Y (%) Q3 FY25 Q-o-Q (%) Capital & Liabilities 1,24,655 1,17,413 6% 1,20,860 3% Capital 262 262 0% 262 0% Reserves and Surplus 9,838 8,562 15% 9,474 4% Deposits 1,07,526 101,920 6% 1,05,387 2% Borrowings 4,300 3,912 10% 2,956 45% Other Liabilities & Provisions 2,729 2,757 (1%) 2,781 (2%) Assets 1,24,655 1,17,413 6% 1,20,860 3% Cash & Balances with RBI 5,098 6,660 (23%) 5,202 (2%) Balances with Banks 7,162 3,363 113% 2,630 172% Investments 21,777 23,977 (9%) 23,416 (7%) Advances 85,682 78,061 10% 84,396 2% Fixed Assets 1,018 966 5% 1,007 1% Other Assets 3,918 4,386 (11%) 4,209 (7%) Business (Net Advances + Deposits) 1,93,208 1,79,981 7% 1,89,783 2% Current Accounts 6,030 6,075 (1%) 5,927 2% Savings Accounts 27,699 26,618 4% 26,903 3% CASA Ratio 31.37% 32.08% (71 bps) 31.15% 22 bps
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*Annualized Key Metrics 34 Particulars Q4FY25 Q3FY25 Q2FY25 Q1FY25 Q4FY24 Q3FY24 Q2FY24 Q1FY24 Net Interest Margin (NIM) 3.21% 3.19% 3.24% 3.26% 3.38% 3.19% 3.31% 3.34% CRAR Basel III 19.31% 18.00% 18.04% 18.11% 19.91% 15.60% 16.69% 16.49% RoA* 1.11% 1.12% 1.07% 1.00% 0.98% 1.07% 0.97% 0.73% RoE* 13.74% 13.93% 13.71% 12.90% 13.11% 16.38% 15.38% 11.80% Provision Coverage 85.03% 81.07% 80.72% 79.22% 79.10% 77.97% 77.82% 76.54% CASA 31.37% 31.15% 31.80% 32.06% 32.08% 31.80% 32.03% 32.64% Gross NPA 3.20% 4.30% 4.40% 4.50% 4.50% 4.74% 4.96% 5.13% Net NPA 0.92% 1.25% 1.31% 1.44% 1.46% 1.61% 1.70% 1.85% Book Value per Share (Rs.) 38.6 37.2 35.9 35.0 33.7 35.3 33.9 32.9 Earnings per Share (Rs.) * 5.0 4.9 4.7 4.5 5.1 5.0 4.6 3.9 Customer Touch Points Kerala 498 499 501 501 501 500 500 499 South Ex Kerala 282 283 284 284 284 283 280 279 Rest of India 168 168 170 170 170 165 164 163 Total 948 950 955 955 955 948 944 941
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Non-Performing Assets 35 GNPA & NNPA Improving Credit Quality 4.50% 4.50% 4.40% 4.30% 3.20% 1.46% 1.44% 1.31% 1.25% 0.92% Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 GNPA NNPA GNPA Movement NNPA Movement Rs. Cr Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Opening 3,682 3,620 3,720 3,731 3,736 1,212 1,135 1,152 1,073 1,056 Additions 289 346 321 297 213 211 250 195 195 155 Deductions 351 246 309 293 1,148 289 233 274 212 421 Closing 3,620 3,720 3,731 3,736 2,800 1,135 1,152 1,073 1,056 791 1.50% 1.20% 0.90% 0.80% 0.90% 0.90% 0.70% 0.80% 0.43% 0.54% Q1FY23 Q2FY23 Q3FY23 Q4FY23 Q1FY24 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Ever 30+ at 6 MOB* (Excl. corporate) * Ever 30 at 6 MOB is defined as the sum of the original principal of loans that are ever 30+ within 6 months on book in that cohort, divided by the sum of the original principal of all loans in that cohort. The reported numbers have changed due to exclusion of certain assets which were rebooked and reclassified as New Book for operational convenience.
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Provisions 36 Rs. Cr Q4FY25 Q3FY25 Q2FY25 Q1FY25 Q4FY24 For NPA & NPI 234 71 148 120 41 For Standard Assets (1) 2 (7) (2) 7 For Restructured Advances/Sacrifices & FITL (9) (6) (30) (11) (9) For Unhedged Forex Exposure - (2) (1) 1 1 Others - 1 - 5 1 Taxes 117 121 116 101 105 Total Provisions 341 187 226 214 146
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Slippages & Collection Efficiency 37 Slippage Ratio Collection Efficiency 0.35 0.41 0.36 0.33 0.24 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 100.1% 99.1% 100.2% 100.8% 99.9% Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Segment wise GNPA Segment wise Slippages Rs. Cr Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Rs. Cr New Book Old Book Q4FY25 Agriculture 464 530 562 543 455 Agriculture 0 43 43 Business Loans 2,120 2283 2,113 2,070 1,449 Business Loans 4 59 63 Personal Segment 568 484 617 628 577 Personal Segment 74 26 100 Corporate 469 424 439 494 319 Corporate 0 0 0 Total 3,620 3,720 3,731 3,736 2,800 Total 78 128 206
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Stressed Assets 38 Restructured Standard Assets Sectoral Break-up 772 664 476 404 317 Mar'24 Jun'24 Sep'24 Dec'24 Mar'25 Rs. Cr 10% 0% 35% 37% 18% On account of MSME restructuring General - DCCO Extension OTR COVID Personal Segment OTR COVID MSME OTR COVID Others COVID One Time Restructuring Security Receipts Rs. Cr. Covid 1.0 Covid 2.0 Total MSME 61 55 116 Personal loans 4 107 110 Other exposures 44 15 59 Total 108 177 285 Security Receipts Outstanding as on Mar 31, 2025 (Rs. Cr) Book Value Provision NAV 190.33 71.06 119.27
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Rs. in Cr Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 SLR 21,616 20,728 20,379 21,737 20,049 NON-SLR 3,663 2,177 1,483 1,785 1,808 Total 25,279 22,905 21,862 23,522 21,857 39 SLR & NON-SLR Investment Book 10 7 13 14 15 52 60 89 74 72 Mar'24 Jun'24 Sep'24 Dec'24 Mar'25 Treasury & Forex Income * Forex Profit from sale of Investment 88 87 102 6762 4.48 4.60 4.69 4.81 5.18 Mar'24 Jun'24 Sep'24 Dec'24 Mar'25 M Duration * Excludes depreciation on Investments
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Capital Composition Risk Weighted Assets CRAR 16.68% 17.98% 1.32% 1.33% Dec'24 Mar'25 Tier 1 Tier 2 15.75%CET 1 17.98% 18.00% Risk Weighted Assets Rs. Cr Dec’24 Mar’25 Total Capital 9,629 10,227 Tier I 8,925 9,521 Of which CET 1 8,425 9,521 Tier II 704 706 Risk Weighted Assets 53,497 52,953 Total Capital Adequacy Ratio is well above minimum regulatory requirement of 11.50% Total Risk weighted assets to Total assets stands at 42.48% as on March 31, 2024 17.65% 16.71% 16.63% 16.68% 17.98% 2.26% 1.40% 1.41% 1.32% 1.33% Mar'24 Jun'24 Sep'24 Dec'24 Mar'25 Tier 1 Tier 2 18.00% 19.31% 40 19.31% 19.91% 18.11% 18.04%
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Strong Management Team Mr. P R Seshadri MD & CEO, 31 years ● Bachelor’s degree in Engineering from the Delhi College of Engineering and a Post Graduate Diploma in Management from IIM Bangalore. ● An accomplished banker with more than 31 years of experience in Retail sales, distribution and lending business. Previously MD&CEO of Karur Vysya Bank, MD and Regional Sales and Distribution head Citibank N.A, Asia pacific, Singapore. MD and Regional head of lending businesses, Citibank N.A, Asia Pacific, Singapore. Mr. Dolphy Jose Executive Director, 30 years ● More than 30 years of experience , MBA in General Management ● Two decades of association with Kotak Mahindra Bank, with expertise in both Retail assets and liabilities, branch banking, P&L management, building distribution, establishing strategic partnerships including Co-Lending and focusing on non branch business. Mr. Anto George T Chief Operating Officer, 35 years ● MBA in Human Resource management, Associated with SIB for more than 29 years. ● Head of HR, Handled Branch banking, Internal Audit & Vigilance, Fraud Management, Regional Head and Retail Banking. Mr. Sony A SGM & CIO, 33 years ● Certified Information Systems Auditor from ISACA, USA and MBA. Over 29 years of experience in banking technology. Instrumental in setting up key systems like Business Process. ● Management tools, CRM systems, Treasury & Risk Management. Leads the payment channels such as UPI, IMPS, Bharat QR, Bhim Aadhaar etc in the Bank. Ms. Biji S S SGM & Head Branch Banking, 31 years ● MBA in HRM; Associated with SIB for more than 29 years ● Previously headed CBG, Secured Retail, Co-lending and SCF. Managed relationship with mid and large corporate clients in various regions of the Bank and vast experience in Branch banking. Successfully led the largest region of the Bank. Mr. Sanchay Kumar Sinha CGM & Head Retail Assets, 31 years ● More than 30 years of extensive experience in retail distribution and institutional sales in industries like financial services, logistics and office automation. ● Associated with HDFC Bank, IndusInd Bank & Mahindra & Mahindra Ltd; Prolific experience in distribution and product management through branches, direct sales, telesales and partners 41
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Strong Management Team Mr. Senthil Kumar SGM & Head Credit, 29 years ● Management graduate with 29 years of experience in banking and finance ● 21 years of experience with ICICI Bank across Sales, Credit, Product, Recovery and Collection functions Ms. Minu Moonjely SGM & Head Corporate Business Group, 29 years ● Post Graduate in Commerce, CAIIB and Advanced Management in Banking and Finance by IIBF. Associated with SIB for more than 29 years. ● Previously headed Credit Underwriting. Experienced banking professional with extensive expertise in Credit analysis, Risk management, Foreign exchange and Branch banking. Also headed the largest MSME region of the Bank. Ms. Chithra H SGM & Chief Compliance Officer, 32 years ● Fellow member of the Institute of Chartered Accountants of India & Certified Associate of the Indian Institute of Banking & Finance ● Associated with SIB for over 29 years. Rich experience in the field of Finance, Compliance, Risk, Treasury Back office, Branch operations and Regional Head. Mr. Nandakumar G SGM & Chief of Internal Vigilance, 33 years ● Associated with SIB for more than 29 years. Head of Inspection and Vigilance ● Vast experience across business functions like Branch/RO management, Retail Banking including Bancassurance and Marketing. Headed three large metro regions of the Bank. Mr. Vinod A N GM & Head of Treasury, 30 years ● Associated with Kotak Group & SBI during last 28 years. Masters in Financial Management (MFM) from JBIMS, Mumbai with more than 28 years of experience In Banking & Financial Markets. ● Has Treasury & Fund Management experience of 20 years in Money markets, Forex & Derivatives, Fixed Income & Equity Markets in the Front Office Dealing Room at SBI & Kotak Mahindra Bank. Mr. Sivaramam K SGM & Head Business Operations Group, 32 years ● Associated with SIB for more than 29 years ● Rich experience in Branch Banking, Headed major regions of the bank, Credit Policy, Mid / Large Corporate CPC’s. 42
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Strong Management Team Mr. Vinod Francis GM & Chief Financial Officer, 19 years ● Associated with SIB for over 19 years. Rich experience in the field of Finance, Credit, Branch Operations ● Associate member of the ICAI and Certified Associate of the Institute of Banking & Finance Mr. Nehru Singh B GM & Head – Credit Quality Assurance, 28 years ● MBA &CAIIB qualified, Has 27+ years of experience in the Banking Industry, extensively in non-retail credit. Previously worked in Axis Bank and was steering the complete life cycle of non-retail credit relationship after sanction of facilities. Provided first line of control to the Bank in overseeing effective management of various processes, including credit operations and monitoring. Mr. Mohan T M GM & Head Legal Department, 35 years ● B.Com, LL.B Graduate. Also completed CAIIB and CS (Inter) ● More than 29 years of experience in Banking. Previous experience of more than 6 years with Income Tax Appellate Tribunal and Apollo TyresLtd. Heading Legal Department of SIB for more than 11 years Mr. Biju E. Punnachalil GM & Chief Risk Officer, 32 years ● Post Graduate in Physics, CFP® by FPSB, Certified Associate of the Indian Institute of Banking & Finance & Diploma in Treasury, Investment and Risk Management. ● Associated with SIB for more than 29 years. Rich experience in the field of Branch Banking, Treasury & Forex Operations and Risk Management Mr. Shibu K Thomas GM - IT, 25 years ● Bachelors Degree in Engineering with certification in cyber security ● Experienced IT and cyber security professional with more than 25 years of combined IT/cyber security experience. Mr. Jimmy Mathew GM & Company Secretary, 19 years ● B. Com, FCS, ACMA, Certified CSR Professional, Certified course in HR Management, ICSI Post Membership Qualification in Corporate Governance and Certified Associate of the Indian Institute of Banking & Finance. ● Associated with SIB for more than 15 years. Proficient in handling various corporate law and Secretarial matters. Before joining the Bank has 4 years’ experience as Company Secretary in other organisations and currently serves as Company Secretary of the Bank with additional charge of heading the HR Department. 43
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Strong Management Team Mr. Sreekumar Chengath GM & Head – Business Process Group, 30 years • B. Tech in Computer Engineering, MBA in Banking and Finance, Certified Associate of Indian Institute of Banking and Finance • Over 30 years of banking experience, Associated with SIB for over 24 years. Rich experience in IT, IT Security and Centralized Banking Operations Mr. Vinod G GM & Head - Data Science, 30 years • Masters in Business Administration, Masters in Commerce, Certified Associate of the Indian Institute of Banking & Finance, Fellow of the Insurance Institute of India • Rich experience in general insurance, development banking, risk management, business intelligence, data analytics, predictive modelling, data science, etc. • Associated with SIB for over 4 years
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