performance highlights [company update]

Growth Powered by Technology, Driven by Customers

Financial Results

31st

December 2015


Performance Highlights – Quarter ended December 2015

Total Business of the Bank is at Rs. 2,15,171 Cr.

Advances up by 13 %.

Net Interest Income up by 33 %.

NIM improved to 2.44% up by 56 bps.

Fee based Income up by 32%.

Operating Profit for the quarter up by 26%.

Net profit up by 41%

CD ratio improved to 71.49%.

Gross NPA at 4.32%.

Net NPA at 2.98%.

Provision Coverage Ratio at 58.07%.

CRAR (Basel III) at 10.65%.

Q3

Highlights

(Y-o-Y)


Business Mix

124051

79136

203187

125475

89696

215171

Dec-14 Dec-15

Gr. Advances Total Business Total Deposits

Parameters Dec’2014 Dec’2015 Growth (%)

Total Deposits 124051 125475 1.15

Gross Advances 79136 89696 13.34

Total Business 203187 215171 5.90

(Rs. Cr)


CASA, Retail & Bulk Term Dep.

Type of Deposit Dec’ 14 Dec’15 Y-o-Y Growth (%)

Saving Deposits 17692 19888 12.41

Current Deposits 5998 6104 1.77

CASA Deposits 23671 25992 9.81

CASA as % of total deposits 19.08 20.72

Retail Term Deposits 37343 43310 15.98

Bulk Term Deposits 56694 42588 (24.88)

23671

25992

20000

22500

25000

27500

CASA

Retail Term Deposits grew by 15.98%

CASA % increased by 164 bps

(Rs. Cr)


Credit Portfolio

Diversified Credit Portfolio

Focus on Retail

Sectors 31.12.14 31.12.15

%Growth

Y-o-Y 31.03.15

Total Advances 79136 89696 13.34 87692

Priority Sector

Advances 27450 34955 27.34 30714

Agriculture 10917 12859 17.79 11389

MSE 10838 14989 38.30 13217

MSME 12717 16290 28.10 15165

Retail Advances 17609 22204 26.09 18735

(Rs. Cr)


Retail Credit

15000

20000

25000

Dec-14 Mar-15 Dec-15

17609 18735

22204

Retail Credit

(Rs. Cr)

Retail Credit accounts for 24.75 % of Gross Advances

Scheme 31.12.14 31.12.15 %Growth

Y-o-Y 31.03.15

Housing Loans 6066 7963 31.27 6526

Education Loans 874 1085 24.14 903

Other retail loans 10669 13156 23.31 11306

Total Retail Loans 17609 22204 26.09 18735


Priority Sector Credit

10000

15000

20000

25000

30000

35000

Dec-14 Dec-15

27450

34955

Priority Credit

(Rs. Cr)

Priority Sector Advances grew by 27.34 % Y-o-Y

Parameters 31.12.14 31.12.15 %Growth

Y-o-Y 31.03.15

Priority Sector Advances 27450 34955 27.34 30714

% to ANBC 32.14 38.21 18.89 35.97

Agriculture 10917 12859 17.79 11389

MSE 10838 14989 38.30 13217


Sector-Wise Credit Portfolio

Diversified Credit Portfolio

Sectors 31.12.14 31.12.15

% Growth

Y-o-Y 31.03.15

Infrastructure 22112 22922 3.66 23413

Real Estate 13043 13315 2.09 19042

NBFC 8868 9600 8.25 10410

Capital Market 25 21 (16.00) 265

Food Credit 1705 1626 (4.63) 1383

Others 33383 42212 26.45 33179

Total Gross Credit 79136 89696 13.34 87692

(Rs. Cr)


Infrastructure

Sectors 31.12.14 31.12.15

% to total Advances

31.12.2015 Y-o-Y

Growth (%) 31.03.2015

Energy 15105 15697 17.50 3.92 15806

Transport 4491 4072 4.54 (9.33) 4770

Communication 711 705 0.79 (0.84) 709

Social & Commercial Infrastructure 1194 1836 2.05 53.77 1544

Water & Sanitation 611 612 0.68 0.16 584

Total Infrastructure Lending 22112 22922 25.56 3.66 23413

(Rs. Cr)


Exposure to Power Sector

Sectors Generation Transmission Distribution Total

Central Govt. Undertakings 1102.62 - - 1102.62

State Govt. Undertakings 2831.11 1747.81 7600.67 12179.59

Private Sector 4445.66 406.66 - 4852.32

Total Exposure 8379.39 2154.47 7600.67 18134.53

States Generation Transmission Distribution Total

Karnataka 1717.01 1381.40 1004.71 4103.12

Andhra Pradesh 1415.64 - 705.60 2121.24

Gujarat 963.75 773.07 147.00 1883.82

Rajasthan - - 1533.57 1533.57

Uttar Pradesh - - 1063.90 1063.90

Haryana 250.00 - 1055.68 1305.68

Tamil Nadu 54.61 - 1084.06 1138.67

Kerala - - 419.14 419.14

Punjab - - 396.37 396.37

Maharashtra 1458.94 - 190.64 1649.58

WB 112.60 - - 112.60

Chhattisgarh 74.61 - - 74.61

Delhi 1827.76 -- --- 1827.76

Other States 504.47 - - 504.47

TOTAL 8379.39 2154.47 7600.67 18134.53

(Rs. Cr)

State Wise Exposure

Exposure as on 31.12.2015


Investments

Particulars 31.12.14 31.12.15

%Growth (Y-o-Y)

31.03.15

Govt. Securities 35909 35041 (2.42) 34930

Other Approved Securities 3 3 - 03

Shares 318 362 13.84 325

Debentures & Bonds 3788 3089 (18.45) 3855

Others 6699 446 (93.34) 5585

Total 46717 38941 (16.64) 44698

46717

38941

30000 40000 50000

Investments

31.12.2015 31.12.2014

(Rs. Cr)


Investments

Category Dec - 14 Mar - 15 June - 15 Sept - 15 Dec -15

HTM 29296 30196 25252 22332 24062

AFS 17195 13960 16795 13728 14387

HFT 226 542 537 564 492

TOTAL 46717 44698 42584 36624 38941

(Rs. Cr)

Modified Duration

AFS 4.85

Entire Portfolio 4.78

62%

37%

1%

HTM AFS HFT


Income & Expenditure

Parameters Q3

Dec - 14 Dec - 15 Growth %

Interest Income 3034 3028 (0.20)

Other Income 269 209 (22.30)

Total Income 3303 3237 (2.00)

Interest Expenditure 2479 2290 (7.62)

Operating Expenditure 473 504 6.55

Total Expenditure 2952 2794 (5.35)

94%

6%

Interest Income

Non - Interest Income

(Rs. Cr)


Interest Income

Parameters

Q3


Interest on Advances 2140 2232 4.30

Interest on Investments 776 737 (5.03)

Other Interest 118 59 (50.00)

Total Interest Income 3034 3028 (0.20)

(Rs. Cr)


Non-Interest Income

Parameters

Q3


Trading Income 158 45 (71.52)

Recovery in AUC 18 42 133.33

Commission, Exchange & Brokerage 26 31 19.23

Profit on Foreign Exchange 11 11 -

Charges – PC,IC, Service Charges etc. 52 72 38.46

Others 4 8 100.00

Total Non-Interest Income 269 209 (22.30)

(Rs. Cr)


Operating Expenses

Parameters

Q3

Dec - 14 Dec - 15 Variation%

Staff Cost 288 309 7.29

Other Operating Expenses 185 195 5.41

Total Operating Expenses 473 504 6.55

(Rs. Cr)


Profit and Profitability

Parameters

Q3


Net Interest Income 555 738 33

Operating Profit 351 443 26

Net Profit 37 53 41

(Rs. Cr)


Operating Performance

0

50

100

150

200

250

300

350

400

450

351

443

Dec-14 Dec-150

10

20

30

40

50

60

37

53

Dec-14 Dec-15

Net Interest Income

Net Profit

Fee-based Income

Operating Profit

Operating profit up by 26%

0

100

200

300

400

500

600

700

800

555

738

Dec-14 Dec-150

20

40

60

80

100

120

140

93

122

Dec-14 Dec-15

Net interest income up by 33%

Fee based Income up by 31%

(Rs. Cr)

Net Profit up by 41%


Provisions

Parameters

Q3

Dec - 14 Dec – 15 Increase/

(Decrease)%

Total Provisions & Contingencies 313 390 24.60

Provisions for NPA 328 279 (14.94)

Provisions for Investment (23) (2) (91.30)

Provision for Taxation 5 73

Other Provisions 3 40

(Rs. Cr)


Key Ratios

Quarterly

Ratios Dec - 14 March - 15 June - 15 Sept - 15 Dec - 15

Cost of Deposits 8.11 7.99 7.62 7.50 7.26

Yield on Advances 11.30 11.17 10.86 10.83 10.62

Yield on Investments 8.85 8.39 7.88 8.12 8.07

Cost of Funds 7.43 7.49 6.96 6.75 6.69

Yield on Funds 9.10 9.35 8.88 8.77 8.85

NIM 1.88 2.02 2.13 2.30 2.44

RoA 0.11 0.28 0.41 0.34 0.15

Return on Net-worth 2.51 6.50 9.51 7.53 3.39

(In Percent)


Productivity

Quarterly

Parameters Dec - 14 Mar - 15 Jun - 15 Sept - 15 Dec - 15

Business per Employee 14.86 14.96 14.64 14.38 14.43

Business per Branch 129.83 132.28 121.54 119.84 119.74

(Rs. Cr)


Capital Funds (Basel III)

Quarterly

Particulars Dec - 14 Mar- 15 Dec - 15

Capital 7573.50 8895.16 8749.44

Tier–I / Common Equity Tier-1 5605.08 5919.73 5919.10

Additional Tier - 1 0 494.90 490.12

Tier – II 1968.42 2480.53 2340.22

Total Risk Weighted Assets 71641.88 77837.56 82164.76

CRAR

Total CRAR (%) 10.57 11.43 10.65


Tier-II 2.75 3.19 2.85

Tier-I 7.82 8.24 7.80

0

2

4

6

8

10

12

(Rs. Cr)

(In Percent)


Book Value

(In Rs.)

69

69.5

70

70.5

71

71.5

72

72.5

73

73.5

69.62

72.56

31.12.2014 31.12.2015

As on 31.12.2015

Paid up sh. Capital Rs. 859.12 Cr

Networth Rs. 6233.72 Cr


Asset Quality

Quarterly

Parameters 31.12.14 31.03.15 30.06.15 30.09.15 31.12.15

Gross NPA 2311 2443 2871 3460 3871

Gross NPA (%) 2.92 2.78 3.39 3.98 4.32

Net NPA 1476 1660 2058 2442 2636

Net NPA (%) 1.89 1.92 2.45 2.84 2.98

Provision Coverage Ratio (%) 65.77 64.01 60.59 58.28 58.07

(Rs. Cr)


Gross NPA & Net NPA

2.92 2.78

3.39

3.97 4.32

1.89 1.92

2.45

2.84 2.98

0.00

0.50

1.00

1.50

2.00

2.50

3.00

3.50

4.00

4.50

5.00

31.12.2014 31.03.2015 30.06.2015 30.09.2015 31.12.2015

Gross NPA % Net NPA %

In Percent


NPA Movement

Particulars

2014-15 2015-16

Q1 Q2 Q3 Q4 Q1 Q2 Q3

Opening Balance 1986 1986 2239 2311 2443 2871 3460

Additions 561 1292 742 793 887 972 961

Off Which :

Slippage from Restructured

48 230 48 126 263 16 4

Reductions 478 1039 670 661 460 383 550

Cash Recovery-Ledger Balance

112 333 106 208 73 57 13

Upgradation 226 441 260 231 185 261 467

Write-Off 140 265 304 222 202 65 70

Gross NPA 2069 2239 2311 2443 2871 3460 3871

(Rs. Cr)


Sector Wise Classification of NPAs

Sector/Scheme 31.12.14 31.03.15 31.12.15

Agriculture 352 338 509

MSME 433 361 637

Education Loans 31 30 34

Housing Loans 82 57 81

Personal Loans 5 5 6

CRE 113 110 114

Others 1295 1542 2490

Total 2311 2443 3871

(Rs. Cr)


Restructuring : Total Loans Restructured

Details 31.12.14 31.03.15 31.12.15

Industrial Loans 869 1081 1081

MSME 367 521 521

Agricultural Loans 187 185 191

Housing Loans 304 305 305

Infrastructure 4970 5592 5592

CRE 273 273 273

Other Loans 1031 868 868

Total 8001 8825 8831

Balance Outstanding 5290 6193 5226

NPA o/s 729 907 976

(Rs. Cr)


Expanding Network

Delivery Channels Dec 2014 Dec 2015

Branch Network 1565 1797

ATM Strength 1568 1584

390

458

491

458

Metro Urban Semi-Urban Rural

207

973

208

120 242

47

Central South North

East West North East

Branch Spread Geographical Centre-Wise Branches


Shareholding Pattern

As on December 31, 2015

74%

13%

8% 3%

2 %

Govt of India Individuals DIIs FIIs Other Corp


Digital Banking

Internet Banking Users (In Lakh)

0

2

4

6


2.61 3.00

4.11

0

100000

200000

300000


23572 43370

298939

Mobile Banking Users

0

20

40

60


40.64 44.59 51.31

Debit Card Base (In lakh)

Expanding Digital Presence

Improving mobile transactions


Customer Analytics

Particulars Dec 2014 Dec 2015

Advances Clientele 8.16 9.53

Deposits Clientele 124.90 131.79

Total Customer Base 133.06 141.32

(In Lakhs)

13.30

14.13

5.00

7.00

9.00

11.00

13.00

15.00

Customer Base

31.12.2014 31.12.2015

Trust of over 14 million customers

(Million)


Awards & Accolades : Recognition Galore!!


http://www.vijayabank.com

performance highlights [company update]

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