IndusInd Bank Q3 concall -
Advances-2.72 lakh cr, up 19 pc yoy
Deposits-3.25 lakh cr, up 14 pc yoy
CASA-1.36 lakh cr, up 14 pc yoy (encouraging)
NII-4495 cr, up 18 pc yoy
Fee Income- 2077 cr, up 11 pc yoy
Operating Profit - 3686 cr, up 11 pc yoy
NP- 1964 cr, up 58 pc yoy
NIMs-4.27 pc
RoA-1.87 pc
RoE-15.23 pc
Cost/Income-43.91,down 232 bps
Gross NPAs-2.06 pc,down 42 bps
Net NPAs-0.62 pc,down 9 bps
Restructured assets -1.25pc,down 205 bps
Loan book composition-
Large corporates-27 pc
Mid Corporates-16 pc
Small Corporates-4 pc
Consumer bank-53 pc
Consumer banking breakdown - Vehicle Finance - 26 pc ( Bank’s Niche )
Micro Finance - 11 pc ( MF percentage is high as Bharat Finance was acquired by bank 5 yrs ago )
Non Vehicle Finance - 16 pc ( includes LAP,Credit cards, Business banking, Personal Loans etc )
Vehicle Finance book at 71k cr, up 18 pc yoy
Micro Finance book at 29k cr, up 8 pc yoy ( avg ticket size of Rs 30k )
Corporate Loan book at 1.27 lakh cr, up 20 pc yoy
Yield on Assets- 8.65 pc
Yield on Advances - 11.51 pc ( corporate yield at 8.2 pc, retail yield at 14.3 pc…due contribution from MFI book)
Cost of Deposits - 5.10 pc
Cost of Funds - 4.41 pc
NIMs - 4.27 pc
Gross slippages in Q3-1467 cr (which is about 2 pc annualised, fairly ok)
Non Vehicle Finance book at 44k cr ( Credit card, LAP disbursement up 46 pc, 10 pc yoy )
Total Provisions at 130 pc of Gross NPAs
Total Branches at 2384 vs 2103 yoy
Bharat Finance branches at 792 vs 825 yoy
Micro finance lending picking up pace wen Dec 22
Started disbursing Home loans for the first time in Q3. Disbursed 200 cr during the Qtr
Went live on Income Tax portal in Q3
Share of top 20 customers in deposits down at 15 pc vs 17 pc, qoq pointing to increased granualrisation of deposit base
Aim to close the year at 2450-2500 branches
Mobile app user base up 26 pc yoy
Hired 1800 employees in Q3 while maintaining healthy cost/income ratio
SMA1 and SMA2 books at 8bps and 24bps ( very healthy levels )
CRAR at 18.1 pc ( including 9M profits )
Guiding for a loan growth of 20-22 pc in Q4
Restructured book trending down QoQ at rapid rates
Bulk of Corporate book is floating book. Bank reprices it every Qtr
Exposure to Idea-Vodafone at 1700 cr. 900 cr out of this has already been provided for
Carrying surplus liquidity to the tune of 45k cr. Aprox 25k cr out of this is held as G-Secs
Aim to keep carrying 20-25k surplus at all times as a matter of prudence
Current yield on newly introduced housing loans at 8.95 pc
Disc : Holding, Invested
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