Investor Presentation 30.06.2020
DISCLAIMER This presentation has been prepared by Karur Vysya Bank Limited (“the Bank”) solely by the Bank for information purposes only. This presentation is not a complete description of the Bank and the information contained herein is only current as of its date and has not been verified by anyone else. All financial numbers are based on the Audited Financials or the Reviewed Financial results or based on Management estimates. Figures for the previous period(s) have been regrouped wherever necessary; totals in columns / rows may not agree due to rounding off. The accuracy of this presentation is not guaranteed, it may be incomplete or condensed and it may not contain all material information concerning the Bank. This presentation does not constitute an offer or invitation, directly or indirectly, to purchase or subscribe for any securities of the Bank by any person / entity based in India or in any other country. No part of it should form the basis of or be relied upon in connection with any investment decision or any contract or commitment to purchase or subscribe for any securities. This presentation may contain statements that constitute forward-looking statements. All forward looking statements are subject to risks, uncertainties and assumptions that could cause actual results to differ materially from those contemplated. Factors that could cause actual results to differ materially include, inter-alia, changes or developments in the Bank’s business, political, economic, legal and social conditions. Given these risks, uncertainties and other factors, viewers of this presentation are cautioned not to place undue reliance on these forward-looking statements. Except as otherwise noted, all of the information contained herein is indicative and is based on management information, current plans and estimates / projections. Any opinion, estimate or projection in the presentation constitutes a judgment as of the date of this presentation and there can be no assurance that future results or events will be consistent with any such opinion, estimate or projection. 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 the information or opinions contained in this presentation. Further, past performance is not necessarily indicative of future results. Anyone placing reliance on the information contained in this presentation or any other communication by the Bank does so at his / her / their own risk. Neither the Bank nor anyone else shall be liable for any loss or damage caused pursuant to any act or omission based on or in reliance upon the information contained in the presentation. The Bank may, at its sole discretion, alter, modify or otherwise change in any manner the contents of this presentation, without obligation to notify anyone of such change(s). This presentation is not to be distributed, redistributed, copied or disseminated in any manner whatsoever, either directly or indirectly. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any forward-looking statement to reflect the impact of circumstances or events that arise after the date the forward-looking statement was made. 2
KVB – a unique franchise! Unmatched presence in India’s fast growing hinterland 1 6 1 12 Category No. of Branches 6 1 6 Metro 200 1 Urban 155 4 1 14 15 1 Semi Urban 297 5 25 Rural 127 59 Total 779 51 1 121 7 420 21 Category 30.06.20 31.03.20 31.03.19 Metro 16% 26% Urban Branches 779 779 778 Customer service Semi Urban excellence the ATM's + Cash differentiator 2,226 2,224 2,179 Rural Recyclers 38% 20% 3
Contents Q1 Performance Highlights Portfolio Performance New Initiatives Other Parameters 4 www.kvb.co.in
(Rs. crore) Results Snapshot Other Business Parameters Financial Indicators – 30.06.2020 Gross NPA 4,056 YoY Parameter Amount Growth % Net NPA 1,585 Total Gross NPA % 8.34 60,065 (3) Deposits Net NPA % 3.44 Gross PCR % 72.74 48,617 (1) Advances Total 1,08,682 (2) Basel III Capital 7,210 Business CRAR % 18.14 Tier I % 16.13 Total 879 3 Tier II % 2.01 Income Operating 474 7 Profit NIM % 3.36 Net Profit 106 44 RoA % (annualised) 0.59 5 www.kvb.co.in
(Rs. crore) Balance Sheet Particulars Jun 20 Jun 19 Y-o-Y (%) Capital & Liabilities Capital 160 160 - Reserves and Surplus 6,546 6,336 3 Deposits 60,065 61,711 (3) (61) Borrowings 1,041 2,705 Other Liabilities and Provisions 1,568 1,503 4 Total 69,380 72,415 (4) Assets Cash and Balances with RBI 2,630 3,278 (20) Balances with Banks 1,546 2,865 (46) Investments (Net) 17,033 16,983 - Advances (Net) 46,131 46,982 (2) (2) Fixed Assets 560 571 Other Assets 1,480 1,736 (15) Total 69,380 72,415 (4) 6 www.kvb.co.in
(Rs. crore) Business Profile Y-o-Y Particulars Jun 20 Jun 19 % Total Deposits 60,065 61,711 (3) Demand 6,179 6,241 (1) Savings 13,734 12,099 14 CASA 19,913 18,340 9 Term Deposits 40,152 43,371 (7) CASA % 33 30 Gross Advances 48,617 49,182 (1) Net Advances 46,131 46,982 (2) Total Business 1,08,682 1,10,893 (2) 7 www.kvb.co.in
Investment Portfolio Investments (Rs. crore) Portfolio wise Investment 17357 17227 31.39% 16073 HTM AFS 68.61% June 19 Mar 20 June 20 Duration Investment Portfolio AFS* HFT HTM* 8.93% 0.76% 1.01 - 4.24 SLR Yield on Investment Debentures/CD/MF/CP Shares 6.97% 6.63% 5.67% 90.31% Debentures/CD/MF/CP includes SRs of Rs. 620.05 crore (3.57%) June 19 Mar 20 June 20 * AFS Duration Dec 19 was 1.30, Mar 20 was 1.52 ; HTM Duration Dec 19 was 3.46, Mar 20 was 3.74 . 8 www.kvb.co.in
(Rs. crore) Advances (by value & share) 17056 16539 16074 15620 14169 13589 12767 11978 11278 10893 10956 11193 9609 8936 8161 8113 Mar 19 June 19 Mar 20 June 20 ABG CBG CIG PBG ABG 34% 34% 33% 32% CBG 26% 28% 28% 25% CIG 23% 22% 22% 23% PBG 20% 18% 17% 16% Mar 19 June 19 Mar 20 June 20 Segments ABG – Agri CBG – Commercial (<= Rs. 25 crore) CIG – Corporate (> Rs. 25 crore) PBG* – Personal * Portfolio inclusive of IBPC 9 www.kvb.co.in
(Rs. crore) Capital Adequacy – Basel III As at Capital Jun 20 Mar 20 Mar 19 Mar 18 Mar 17 RWA 39,748 41,948 43,714 44,140 40,417 Tier I 6,412 6,404 6,245 6,145 4,790 Tier II 798 798 751 226 278 Total 7,210 7,202 6,996 6,371 5,068 18.14% 17.17% 19.00% 16.00% 14.43% 12.54% 16.13% 15.27% 14.28% Entire Tier I comprises of 13.92% CET1 capital, well above 11.85% 9.50% the min. requirement of 7.375% 2.01% 1.90% 1.72% 0.69% 0.51% 0.00% Mar 17 Mar 18 Mar 19 Mar 20 June 20 Tier I Tier II Total 10 www.kvb.co.in
(Rs. crore) Profit and Loss A/c Particulars Jun 20 Jun 19 YoY (%) Net Interest Income 562 584 (4) Other Income 317 270 17 Total Income 879 854 3 Operating Expenses 405 409 (1) Operating Profit 474 445 7 Provisions 337 330 2 Credit Related 302 319 (5) Others 35 11 - Profit Before Tax 137 115 18 Tax 31 42 26 Net Profit 106 73 45 11 www.kvb.co.in
(Rs. crore) Break Up of Other Income Particulars Jun 20 Jun 19 YoY (%) TOTAL NON-INT. INCOME 317 270 17 1) Fee Income 121 168 (28) 2) Investment trading profit 178 67 - 3) Forex Income 5 9 - 4) Others* 13 28 - 5) Profit/(loss) on sale of land, building, other assets - (2) - etc. *Includes recoveries from Written Off A/c’s – Rs 1 crore (Q1 FY 20-21) & Rs. 1 crore (Q1 FY 19-20) 12 www.kvb.co.in
Break Up of Operating Expenses (Rs. crore) Jun 20 Jun 19 YoY (%) Particulars 214 204 5 Staff Expenses Of above – 45 40 13 Prov. for employee retirement benefits 191 205 (7) Other Operating Expenses 405 409 (1) TOTAL OPG. EXPENSES 13 www.kvb.co.in
Key Ratios NIM^ Cost to Income 54.05% 50.67% 3.49% 3.46% 3.46% 47.87% 46.68% 3.36% 3.33% 46.09% June 19 Sep 19 Dec 19 Mar 20 June 20 June 19 Sep 19 Dec 19 Mar 20 June 20 ROE ROA 6.29% 0.59% 5.07% 3.87% 4.49% 0.46% 0.40% 0.34% 0.08% 0.92% June 19 Sep 19 Dec 19 Mar 20 June 20 June 19 Sep 19 Dec 19 Mar 20 June 20 ^ NIM for Dec 19 includes items of non-recurring nature 14 www.kvb.co.in
(Rs. crore) Provisions and Contingencies Provision for Jun 20 Jun 19 NPA 228 318 Standard Assets 1 (1) Restructured Advances - 2 Others (incl. NPI) 20 12 COVID-19 Relief Package 73 - Investment Depreciation 15 (1) Total Provisions (excl. Tax) 337 330 Tax Expense 31 42 Total Provisions 368 372 15 www.kvb.co.in
(Rs. crore) COVID Relief Package – Benefits availed book Benefit availed book Advances Book Benefited availed book – Benefit availed book – (Ex Gold Loan) Vertical as on O/s as on O/s. as on 24.07.2020 – O/s. as on 31.03.2020* 30.06.2020 24.07.2020 ABG 9,609 2,807 31% 1,826 19% 388 4% CBG 16,074 12,410 79% 8,868 55% 8,801 55% 11,978 5,074 40% 5,255 44% 5,255 44% CIG PBG 10,956 4,840 43% 3,864 35% 3,675 34% Total 48,617 25,130 52% 19,813 41% 18,118 37% *Percentage is based on loan book as on 31.03.2020 16 www.kvb.co.in
SMA Book (Excluding Gold Loans) 0.87% 0.66 % 0.37 % 0.45 % 0.22 % 0.08 % SMA-1 SMA-2 SMA 30+ Moratorium Non Moratorium Moratorium status as of 24.07.2020 17 www.kvb.co.in
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