Q3FY18 FINANCIALS
DECEMBER 31, 2017
3All figures in ̀ Crores
No. of Customers(Total: 24 lacs | IBL customers: 13 lacs)
Customers acquired in Q3 FY18: 453K (B+: 75K; BB: 197K; IBL: 181k)
Network (17,037) CASA/Gross Advances
Franchise Fee/Total Non Interest Income
64.3%(` 138 Cr)
Franchise Fee/Total Operating Income
19.0%
Retailisation of Funded Book: ` 18,513 Cr
PAT GrowthQ3FY18: ̀ 146.2 Cr
YoY
24%
Key Highlights: Q3 FY18 (1 of 2)
QoQ
(In lacs)
37%
12.37 13.78 16.05
19.42
23.96
Dec-16 Mar-17 Jun-17 Sep-17 Dec-17
18.7%
25.2% 26.1% 27.5% 28.8%
Dec'16 Mar'17 Jun'17 Sep'17 Dec'17
1.8%
4.1%
5.9%6.3%
8.6%
Dec'16 Mar'17 Jun'17 Sep'17 Dec'17
42325,661 8,302 10,258
13,070
74
74
86
100
127
13
24
32
48
50
322
326
326
335
306
2481
3080
3337
3423
43
47
47
48
61
Dec-16 Mar-17 Jun-17 Sep-17 Dec-17
MATM
Branches
BC Branches
GV Branches
Aadhar Pay
ATM
4
Key Highlights: Q3 FY18 (2 of 2)
Credit Outstanding1
` 91,128 CrNet Adv: ̀ 47,127 Cr
Credit Inv: ̀ 16,743 Cr LC/BG/LuT: ` 27,258 Cr
PAT
` 146.1 CrQ2 FY18: ` 233.7 Cr
RoA | RoE
0.9% | 7.3%
Network & Customers
Asset mix (` 1,18,199) Operating Income
` 726 CrNII: ` 511 CrNon Int*: ` 215 Cr
NIM
1.9%Loan NIM: 3.0%
EPS (Q3) | Book value per share
0.43 | 44.7
Funding mix (` 95,038) Expenses
` 411 CrHR: ` 176 CrNon-HR: ` 235 Cr
Cost/Income Ratio
56.7%
HR Cost/Income: 24.3%
Headcount*
8,668(Ex-IBL: 5,053)
Q2’18: 8,377 (+3.5%)*including IBL
CASA Ratio2
10.1% (Q2: 8.2%)
Asset Quality Capital Adequacy
19.15%
CET 1: 18.84%
Tier 2: 0.31%
IDFC Bank vs. Bankex3
4,254
23,257
10,434
23,636
2,272
16,437
14,748
CASA
FD
Infra Bonds
Bonds & Deb.
FC Loans
CBLO/Repo/LAF
Others incl CDs
70%
43%
GNPL: 5.6%Q2: 3.9%
NNPL: 2.5%Q2: 1.6%
Net RSA: 1.0%
Net SR: 3.3%
47,127
16,743
2,055
18,041
26,628
7,605
Net Advances
Credit Inv.
Cash & Bank
Statutory Inv.
Trading Inv.
Other AssetsNII/Total
HR/Total
-4%
1. CreditOutstanding (FB+ NFB) grew 0.18% to ` 91,128 Cr as of 31th Dec’17from ` 90,598 Cr as of 30th Sep’17 2. CASA Ratio = CASA/(CASA+FD+CD) 3. Sep-17 to Dec-17 4. Avg. CASA per account; B+: Rs. 25,600 (# of A/Cs: 3.43 lacs); Bharat: Rs. 3,493 (# of A/Cs 7.5 lacs)
Network: 17,037Branches: 127ATMs: 61Aadhar pay: 3,423Micro ATMs: 13,070BC & IBL : 356
CustomersTotal: 24 lacsIBL: 13 lacs
7%
28%
YoY
CASA: ̀ 4,254 Cr (` 3,200 Cr)4
• Bharat: ̀ 261 Cr (` 125 Cr)• Bharat Plus: ̀ 878 Cr (` 661 Cr)• Commercial: ̀ 32 Cr (` 25 Cr)• Wholesale: ̀ 3,082 Cr (` 2,389 Cr)
5
Note: Figures for the previous periods have been reclassified for consistency with the current period.
Balance sheet largely flat, Trading investments down 9% QoQ
In INR Cr. Dec-16 Sep-17 Dec-17 % Growth (QoQ) % Growth (YoY)
Shareholders' Funds 14,486 15,056 15,208 1% 5%
Deposits 27,001 38,890 42,259 9% 57%
Borrowings 68,445 59,944 54,506 (9%) (20%)
Other liabilities and provisions 5,643 6,062 6,226 3% 10%
Total Liabilities 115,576 119,952 118,199 (1%) 2%
Cash and Bank Balances 3,880 2,470 2,055 (17%) (47%)
Net Retail and Corporate Assets 56,641 65,177 63,870 (2%) 13%
Net Advances 46,983 48,830 47,127 (3%) 0%
Credit Investments 9,658 16,347 16,743 2% 73%
Statutory Investments 17,389 16,740 18,041 8% 4%
CRR 2,533 2,604 2,798 7% 10%
SLR 14,856 14,136 15,243 8% 3%
Trading Investments 30,078 29,172 26,628 (9%) (11%)
Fixed and Other Assets 7,589 6,393 7,605 19% 0%
Total Assets 115,576 119,952 118,199 (1%) 2%
6
NII improves 7% on sequential basis driven by Loans & Advances
All figures in ̀ CroresNote: Figures for the previous periods have been reclassified for consistency with the current period.
In INR Cr. 9M FY17 9M FY189M %
Growth (YoY)
Q3 FY17 Q2 FY18 Q3 FY18% Growth
(QoQ)% Growth
(YoY)
Operating Income 2,473 2,509 1% 856 734 726 -1% -15%
Net Interest Income 1,561 1,429 -8% 535 480 511 7% -5%
Non Interest Income 913 1,081 18% 320 254 215 -16% -33%
Fee and Commission 293 387 32% 109 107 138 30% 27%
Trading Gains (Debt & Equity)
616 693 13% 214 146 78 -47% -64%
Other Income 4 1 -81% -2 1 -1 -166% -61%
Operating Expenses 979 1,163 19% 379 362 411 13% 9%
HR 497 508 2% 203 163 176 8% -13%
Non HR 482 655 36% 176 200 235 18% 33%
Pre-Prov Op Profit (Ppop) 1,494 1,347 -10% 476 372 315 -15% -34%
Provisions & Contingencies 278 133 -52% 232 27 109 309% -53%
Profit Before Tax 1,217 1,213 0% 245 345 206 -40% -16%
Tax 372 396 7% 53 112 60 -46% 13%
Profit After Tax 845 817 -3% 192 234 146 -37% -24%
7
Financials: Key ratios
Q3 FY17 Q2 FY18 Q3 FY18 9M FY18
Return on Assets 0.7% 0.8% 0.5% 0.9%
Return on Equity 5.3% 6.1% 3.8% 7.3%
EPS (Rs.) 0.6 0.7 0.4 2.4
Book Value Per Share (Rs.) 42.7 44.3 44.7 44.7
NIMs 2.1% 1.8% 1.9% 1.8%
Of which Loan NIMs 3.1% 2.9% 3.0% 2.8%
Cost / Income 44.3% 49.4% 56.6% 46.3%
HR Cost/ Income 23.7% 22.2% 24.3% 20.2%
Capital Adequacy Ratio 18.4% 19.3% 19.1% 19.2%
Of which Tier I 18.0% 19.0% 18.8% 18.8%
Gross NPL (% of Loans) 7.0% 3.9% 5.6% 5.6%
Net NPL (%) 2.6% 1.6% 2.5% 2.5%
CASA / Gross Advances 1.8% 6.3% 8.6% 8.6%
CASA/Total Deposits 3.3% 8.2% 10.1% 10.1%
8
Customers & Network
Network Sep-16 Dec-16 Mar-17 Jun-17 Sep-17 Dec-17
Branches 58 74 74 86 100 127
BC Branches 324 335 350 358 383 356*
MATM 727 4,232 5,661 8,302 10,258 13,070
0.91.7 2.7 3.8 5.5
7.4
0.30.7
1.42.1
2.83.6
10.09.9
9.610.1
11.1
12.9
11.3 12.4 13.8
16.0
19.4
23.9
Sep-16 Dec-16 Mar-17 Jun-17 Sep-17 Dec-17
Bharat Bharat Plus IBL
Customers :
* To achieve operational efficiency 29 GV branches were closed during the quarter.
9
CASA increased Rs. 1054 Cr. to Rs. 4,254 Cr. QoQ (+33%)
In INR Cr.
71421 1326 1142 1310
452
1073
820 12471772
377
600
703810
1171
900
2094
28503200
4254
Dec-16 Mar-17 Jun-17 Sep-17 Dec-17
Government Corporates Retail
602 1,369 1,129
1,556
2,394
298
726 1,720
1,644
1,859
900
2,094
2,850
3,200
4,254
Dec-16 Mar-17 Jun-17 Sep-17 Dec-17
CA SA
10
158% increase in core deposits (CASA + Retail TD)YoY & 13.5% QoQ
All figures in Rs Cr
899
2094
28503200
42542204
2812
3431
3843
3737
3103
4907
6281
7043
7991
Dec-16 Mar-17 Jun-17 Sep-17 Dec-17
Retail TD
CASA
11
Trade related contingent liabilities grow at 7% (QoQ)
4,683 4,930 5,008
5,554
5,753
7,294
9,461
10,173
13,537 14,102
2,735
4,213
5,301 6,330
7,402
Dec-16 Mar-17 Jun-17 Sep-17 Dec-17
Letter of Credit
Bank Guarantees
Letter of Undertaking
12
BUSINESS HIGHLIGHTS
13
Retail (urban) snapshot
Branch Network
31 Branches
Liabilities• ~ 3,55,000 customers• ~ 3,44,000 CASA accounts
Assets & AUM (End December 2017)• Total advances ̀ 2,300 Cr• Wealth AUM is `654 Cr
14 new branches launched in December increasing the presence to 22 cities
` 4,323 Cr deposit book as on 31 Dec 2017 comprising of:
• ` 878 Cr of Current & Savings Account Deposits
• ` 3,445 Cr of Fixed Deposits
Breakup of total funded advances:
• Home loans - ` 1,241 Cr• Loan against property - ` 442 Cr• Personal loan - ` 271 Cr• Working Capital- Funded book of ` 266 Cr• Alliances - ` 80 Cr
Non funded book as on 31 Dec is ` 78 Cr
Rajkot Branch
Surat Branch
Coimbatore Branch
Retail (urban) Q3 Highlights
Strong ramp up in customer acquisition continues in Q3 FY 18
Sustained momentum on assets disbursement continues in Q3
319
94 57
333
175
73
361
195
101
Home Loans Loan Against Property Personal Loans
Assets Disbursals (Rs Cr)
Q1 FY 18 Q2 FY 18 Q3 FY 18
73,763
138,572
206,756
280,378
355,133
12,578 20,714 35,029 58,257
96,196
Q3 FY17 Q4 FY17 Q1 FY18 Q2 FY18 Q3 FY18
# of Customers
# of customers of which Digitally acquired
15
Retail (semi-urban & rural): ~19.7 Lacs customers acquired and servicedthrough branches and Micro ATMs
Customer Touchpoints
• 16,450 Customer Points• 306 IBL locations• 50 BC locations
Customer Network• 19.7 lacs customers (incl
12.2 Lacs of IBL)• 5.7 lacs Liability & 2.8
lacs asset customers sourced through Branches & MATM
Assets & Liabilities • Rs 2,799 Cr of advances
(2,097 Crs of IBL)• Rs. 553 Cr of deposit
balances• Rs. 3,526 Cr disbursed in
YTD Dec18
•96 Branches across MP, Karnataka, AP, Gujarat,Rajasthan, Tamilnadu, Tripura & Meghalaya
•12,546 MATMs
•3,423 Aadhar Pay (Merchant Points)
•31 ATMs
•More than 7.4 Lacs customers acquiredthrough Branches and MATMs
•No. of loan accounts reached 15.3 lacs
•Branch Based advances are at Rs. 497 Cr
•Assets :MSME - Rs. 90.9 Cr, JLG BC - Rs. 114.7 Cr,and IBL are at Rs. 2,097
16
Wholesale bank
Transaction Highlights
IB TransactionsSuccessfully closed the INR 9,600 Cr Initial Public Offering (IPO) for India's largestgeneral insurance company
Successfully led the INR 543 Crore Initial Public Offering (IPO) for a footwear firm asthe Book Running Lead Manager. IDFC Bank dominated the anchor book with 62%share.
We have always been a leader in bringing out unique stories in the market. IDFC wasthe Book Running Lead Manager for one of the supply chain IPOs.
Strengthened our dominance in healthcare delivery stories with the 3rd consecutiveHealthcare IPO. IDFC dominated the anchor book with 38% share in the 3 banksyndicate. Issue Size: INR 505 cr
DCM TransactionsIDFC Bank continued to be a preferred partner to one of the Infra group for its largeproject financing needs. IDFC Bank underwrote the entire rupee debt of INR 800 Cr
for its subsidiary and subsequently underwrote the entire loan conversion into abond issuance withtenors going out to 21 years.This end-to-end solution emphasizes IDFC Bank’s superior capabilities in structuringand underwriting complex, long tenor financing transactions across loan and debtcapital market products.
TReDSIDFC Bank became the top financier with 35% for M1 Exchange. This is one
of 3 exchanges who have been granted license by RBI for undertakingTReDS financing.
Host to Host PaymentWe have gone live with Host-2-Host Domestic Payment Mode for two
companies under a conglomerate group. With this mandate, we will be able tointegrate ourselves into the entire group to manage their payments andcollections.
Dealer FinanceWe have started Dealer Finance transaction with motor company by
booking INR 50 crore during December 2017 across 3 dealers.
FX DealOne of the natural resource major has routed their first Export inward amounting
to USD 144 Mn. Company was very happy with the way the entire transaction was handled by our Bank
Buyers CreditIDFC Bank successfully won 2 back to back Buyers credit bid from an oil refinery
leading to an outstanding of 100 Million USD in this marquee name.
Marquee Deals
17
Shareholding pattern
% of Top 10 shareholdersSr. no Shareholder Name Category 31.12.17
1 GoI GoI 7.7%
2 Blackrock Fund FII / FDI 1.8%
3 Platinum Investment Management FII / FDI 1.4%
4 Vanguard FII / FDI 1.4%
5 LIC FIs / Insurance Co / Banks 0.9%
6 Emerging Markets Funds FII / FDI 0.8%
7 Capital Group Inc FII / FDI 0.8%
8 Wellington Trust Company National Association FII / FDI 0.7%
9 Kotak MF 0.5%
10 Reliance Capital MF 0.5%
GoI, 7.68%
FIs / Insurance Co / Banks, 1.91%
FDI / FII / NRI / FN /FPI /Overseas
Bodies, 15.82%
MF, 3.20%
Corporate Bodies, 3.04%
Retail, 15.52%
IDFC (Promoters Bodies
Corporate), 52.83%
Shareholding Dec'17