Docstoc

SEP 2010 - Slide 1

Document Sample
SEP 2010 - Slide 1 Powered By Docstoc
					Investor Presentation – November 2010
                                                       Disclaimer
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 bank‟s general business plan‟s and strategy, its
future financial condition and growth prospects and future developments in the industry 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 bank‟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. This presentation does not constitute an offer or invitation to purchase or subscribe for any
shares in the bank and neither any part of it shall form the basis of or be relied upon in connection with any contract or
commitment whatsoever. The bank may alter, modify or otherwise change in any manner the content of this presentation,
without obligation to notify any person of such revisions or changes. This presentation should not be copied and/or
disseminated in any manner.
Table of contents



  1.   City Union Bank – Overview & Growth Story     4-8


  2.   Ownership Pattern                            9-10


  3.   Management                                  11-14


 4.    Financial Performance                       15-33
1. City Union Bank – Overview & Growth Story




                                     4
Showcasing steady performance on an ongoing basis …


   Long and consistent track record of profitability – Profit and dividend payout in all 100 + years of operations


     Steady growth – Business growing at a CAGR of 27% and Net Profit at a CAGR of 30% in last five years


   RoA and RoE at 2% and 27% respectively for Q2 2010-11, which is considered healthy in the banking space


Best Corporate Practices; All Independent & Professional directors; Continuity in Management – only 6 CEOs so for


Rapid progress on the technology front with 100% business under CBS and State of the Art Technology platform


     Significant improvement in asset quality over the years. Net NPA – 0.54% for Sep 2010 and PCR > 70%


                      Well capitalized; CAR – Basel II – 13.41% as on September 30, 2010


                  Future plans for expansion of branch network to 500 Branches in next 3 years




                 CUB is well positioned to capitalize on the huge growth opportunities in the banking sector



                                                             5
Key milestones


                                                                                 2003
                                                                      Obtained licenses to act as a
                                                                      agent for procuring life
                                                                      insurance & general
                                        1998                          insurance business                                                 2009
                              Initial Public Offering (IPO);
                                                                                                                              Rights issue for equity
                              Listing Bank‟s shares on the
                                                                                                                              shares @ 1 : 4 – to reward
                              BSE, NSE & MSE
                                                                                                                              the existing shareholders


                     1965
                                                                                                                     2007
           Amalgamation of „The City
           Forward Bank Limited‟ and                                                                  Preferential allotment for equity shares
           „The Union Bank Limited‟ with                                                              strengthening bank‟s capital adequacy
           our Bank                                                                                   ratio


           1904                                                                                             2002
  Incorporation of the Bank                                                                   Entered into agreement with TCS
                                                                                              for core banking solution “Quartz”



                                                                              1957

                                                                  Take over of Common Wealth
                                                                          Bank Limited



                                                  1945

                                    Scheduled bank since 22.03.1945
                                                                      6
Strong presence in the South


 A network of 229 branches of which 200 branches are located in South India and 146 in Tamil Nadu alone




                                                        State wise branches
                                                                            No of    Statewise %   % of our
                                                         State
                                                                          Branches   of Branches   Business
                                                         Tamil Nadu         146          64           71
                                                         Andhra Pradesh      29          13           9
                                                         Karnataka           15           7           6
                                                         Maharashtra         12           5           7
                                                         Kerala              10           4           2
                                                         Gujarat             6            2           1
                                                         Others              11           5           4
                                                         Total              229         100          100




                                                   7
Branch Expansion


   We have received License from Reserve Bank of India to open 62 more branches in various states
          within a Year, out of which 40 branches be in Tier I and Tier II centres and 22
          branches in Tier III to VI centres.

     Till 15th November 2010, we have opened 7 branches in Tamil Nadu out of license received for 62
               branches.

     Remaining 55 branches yet to be opened.

 State wise Branch Expansion planned

                   Tier I & II   Tier III to VI
  State
                    centres         centres
  Tamil Nadu           16             19
  Andhra Pradesh       5
  Karnataka            5
  Maharashtra          4
  Chattishgarh         1
  New Delhi            2
  Orissa               1
  Punjab               1
  Uttar Pradesh        1
  Total                36             19




                                                    8
2. Ownership Pattern




                       9
A well diversified investor base

Ownership profile as on 30th September 2010               Major Institutional shareholders as on 30th September 2010
                                                          Shareholders                                 % holding
       Others
       0.4%                     FII's                     LIC of India                                    4.97
                               23.1%                      L & T Capital Holdings Limited                  4.78
                                                          F M O, Nederlands                               4.67
                                                          Argonaut Ventures                               3.94
                                                          Ares Investments                                3.39
                                         Domestic
  Public                                Institution       Acacia Partners Lp.                             3.03
 56.6%                                    6.5%            GMO Emerging Illiquid Fund                      1.63
                                                          Karur Vysya Bank                                1.45
                                 Corp. Bodies
                                   13.4%                  Wasatch Core Growth Fund                        1.28
                                                          ING Vysya Life Insurance Company                1.15


 Well diversified ownership

 Long term investors ensuring stability and support to management

 Cash management services offered to LIC to improve CASA and customer base

 Bank Assurance partner to LIC and ranked No.1 in South India consecutively for three years

 Chairman‟s Group holding reduces to 9.42%




                                                                10
3. Management




                11
Transparent „Corporate Governance‟ practices


     All directors are Independent and Professional directors




     Various sub-committees of Board functions to oversee the operations of the Bank




     Code of conduct for directors and senior management put in place




     Disclosure norms strictly adhered to




     KYC / AML norms strictly complied with. No penalties / fines for any violation.




                                                        12
 A well experienced and strong Board                                                                                (1/2)

We have eminent personalities on our Board;
     1 Former Chairman of a PSU Bank
     2 Chartered Accountants
     2 Agriculturists
     1 Industrialist
     1 Advocate
     1 Retired High Court Judge
     1 Banking professional

Profile of Board of Directors

Name                     Profile
Mr. P.Vaidyanathan,      He is a graduate in Commerce, a Fellow Member of the Institute of Chartered Accountants of India, Associate
Chairman                 Member of the Institute of Cost & Works Accountants of India and Associate Member of the Institute of Company
                         Secretaries of India. He has more than 35 years of experience in financial services industry
Mr. S. Balasubramanian, He holds a Master degree in Mathematics, CAIIB and PGDFM and has 38 years of experience in the banking
MD & CEO                industry. He had joined City Union Bank in 1971 as a probationary officer and has since then been associated with
                        the Bank in various capacities. In 2005 he was appointed as the Chairman & CEO of our Bank and thereafter, in
                        2009 the Reserve Bank of India has accorded approval for his appointment as the Managing Director and CEO of
                        our Bank with effect from January 31, 2009

Mr. K.S. Raman,          He is a post graduate in Statistics. He is an agriculturist and has been on the board during 1984 to 1992 and 1994
Director                 to 2002 and presently from 2004 onwards. He has worked with Statistics Department, Annamalai University,
                         Automobile Products of India Limited and in Larsen & Toubro Ltd



                                                                  13
A well experienced and strong Board                                                                               (2/2)

Profile of Board of Directors

Name                     Profile
Mr. S. Bernard,          He is a graduate in Commerce and a Fellow Member of the Institute of Chartered Accountants of India. He is a
Director                 practicing Chartered Accountant of 31 years standing with expertise in the field of Accountancy and Taxation

Mr. N Kantha Kumar,      He is a graduate in Commerce and Law. He has been in the Banking Industry for around 38 years. He has held
Director                 key positions such as Executive Director in Canara Bank and Chairman & Managing Director in Syndicate Bank

Mr. N.Sankaran,          He is a Bachelor of Engineering (Civil) and is a Member of Institute of Engineers, India and has been on the
Director                 board since 2008. He is a retired General Manager from M/s. Voltas International, Chennai

Mr. R.G. Chandramogan, He is the Chairman & Managing Director of Hatsun Agro Product Limited. He has been in the dairy processing
Director               and Ice cream business for around 30 years. He visits the Indian Institute of Management, Ahmedabad as a
                       guest faculty.

Mr. T.K. Ramkumar,       He is a graduate in Commerce and an advocate. He is a partner in M/s. Ram & Rajan & Associates, and
Director                 possesses knowledge and experience in banking law, company law, intellectual property rights, civil laws etc

Justice (Retd.)          He is a former Judge of High Court of Madras and High Court of Orissa. He has vast experience of 36 years in
S.R. Singaravelu,        the Judiciary. He was in Judiciary Department and held various position.
Director

Mr. C.R. Muralidharan,   He retired as a whole time member of the Insurance Regulatory and Development Authority (IRDA) in
Director                 November 2009. Prior to this appointment he was a Chief General Manager in Reserve Bank of India. He has
                         extensive experience in regulation of Banks in Reserve Bank of India and Insurance Companies in IRDA.



                                                                 14
4. Financial Performance




                           15
FY10 performance – A snapshot


HIGHLIGHTS FOR THE QUARTER ENDED 30th SEPTEMBER 2010

 Deposits increased by 28.7% to Rs.114,941 Mn from Rs.89,332 Mn

 Advances surged by 38.5% from 58,058 Mn to 80,393 Mn

 Total Business grew by 32.5% from Rs.147,390 Mn to Rs.195,334 Mn

 CASA improved by 26.7% to Rs.22,600 Mn from Rs.17,843 Mn

 Highest Quarterly Profit in the Bank‟s history

 Net Profit increased by 35% from Rs.458 Mn to Rs.616 Mn

 Net NPA lowered to 0.54% from 1.16% (YoY)

 Highest ROA at 1.98% up from 1.86% (YoY)

 Net Interest Margin higher at 3.74% from 2.79% (YoY).




                                                          16
30th September 2010 performance – A snapshot

Financial Performance – 30th September 2010 Vs 30th September 2009
                         SEP 2010        SEP 2009          Absolute       %       Direction    MAR 2010
 Particulars           ( in INR mn)    ( in INR mn)        Growth       Growth                (in INR mn)

 Deposits                    114,941         89,332            25,609     28.7%                   102,846
 Advances                     80,393         58,058            22,335     38.5%                    68,967

 Total Business              195,334         147,390           47,944     32.5%                   171,813
 Demand Deposit                9,727           8,268            1,459     17.6%                    10,970
 Savings Deposit              12,873           9,575            3.298     34.4%                    11,512
 CASA                         22,600          17,843            4,757     26.7%                    22,482
 Gross NPA                     1,011           1,154             -143                                 935
 Net NPA                         428            666              -238                                 397
 Gross NPA (%)                 1.26%          1.99%                                                1.36%
 Net NPA (%)                   0.54%          1.16%                                                0.58%
 CRAR – Basel II              13.41%         14.08%                                               13.46%
 CD Ratio                     69.94%         64.99%                                                67.06%
 PCR                          72.44%         53.51%                                               71.56%




                                                      17
Q2 FY11 performance – A snapshot

Financial Performance – Q2 FY 11 Vs Q2 FY 10
                                 Q2 FY 11             Q2 FY 10        Absolute
 Particulars                   ( in INR mn)         ( in INR mn)      Growth           % Growth    Direction

 Net Interest Income                        1,040               591          449           75.9%
 Other Income                                 439               493              -54      -10.9%
 Operating Expenses                           529               444              85        19.2%
 Operating Profit                             950               641          309           48.3%
 Net Profit                                   616               458          158           34.6%
 ROA                                        1.98%            1.86%
 ROE                                    27.31%               25.58%

Key highlights

 NII increased by 76%

 Operating Profit increased by 48% (YoY)

 Net Profit grew by 35%

 ROA at 1.98% and ROE at 27.31% highest in the Banking Industry.




                                                        18
H1 FY11 performance – A snapshot

Financial Performance – H1 FY 11 Vs H1 FY 10
                                  H1 FY 11          H1 FY 10        Absolute
 Particulars                    ( in INR mn)      ( in INR mn)      Growth         % Growth    Direction

 Net Interest Income                      1,962             1,154          808         70.0%
 Other Income                              761                753              8        1.1%
 Operating Expenses                        986                793          193         24.3%
 Operating Profit                         1,736             1,113          623         56.0%
 Net Profit                               1,060               773          287         37.1%
 ROA                                     1.75%             1.60%
 ROE                                    24.09%             22.10%

Key highlights

 NII increased by 70%

 Operating Profit increased by 56%

 Net Profit increased by 37%

 Healthy ROA at 1.75% and ROE high at 24.09%




                                                      19
Key business indicators

Key indicators

             Particulars              Q2 FY 2010-11        H1 FY 2010-11    Direction   FY 2009-10

Cost of Deposits                               6.84%               6.83%                     7.73%
Yield on Advances                             12.51%              12.44%                    13.04%

Yield on Investments                           6.65%               6.60%                     7.84%

Net Interest Margin                            3.74%               3.64%                     3.15%

Cost to Income                                35.77%              36.22%                    39.33%

Operating Exp - as a % of NII                 50.87%              50.25%                    59.63%

Return on Assets (ROA)                         1.98%               1.75%                     1.52%

Return on Net worth (RONW)                    27.31%              24.09%                    20.55%

Per Employee Business ( in INR mn)             72.56                72.56                     65.10

Per Employee Profit (in INR mn) Ann             0.92                 0.79                      0.58

EPS (in INR.) – FV INR1/- Share                 1.54                 2.65                      4.03




                                                      20
Strong deposit and advances growth

Steady increase in deposits                                             Steady increase in advances
                           Deposits (INR bn)                                                    Advances (INR bn)

120                                                        115
                                                                        90                                                     80
                                                  103
100                                                                     75                                            68
                                          82
 80                                                                                                           56
                              64                                        60
                                                                                                   45
 60                 47                                                  45
                                                                                         33
 40        35                                                                  25
                                                                        30
 20                                                                     15
     0                                                                   0
         Mar-06   Mar-07     Mar-08     Mar-09   Mar-10   Sep-10              Mar-06   Mar-07     Mar-08    Mar-09   Mar-10   Sep-10

Steady increase in CASA
                            CASA (INR bn)                                Deposits - stable and retail oriented. Growing at a
25                                                 22       23
                                                                             CAGR of 30%
20                                                                       CASA recorded 27% growth for Sep 2010 (YoY)
                                          16
15                            13
                   11                                                    Advances growing at a CAGR of 29% in the last 5
10         8
                                                                             years; Credit Deposit ratio is sound at 69%
 5

 0
         Mar-06   Mar-07    Mar-08      Mar-09   Mar-10   Sep-10




                           CUB has reported strong growth in deposits and advances in the last few years
                                                                   21
Strong growth in income and profitability

Strong growth in other income                                             CEB & Charges Income over 5 years

                           Other Income (INR Mn)                                                        CEB Income (INR Mn)

1,500                                              1,435                                                                          690
                                                                          700
                                           1,237                                                                       598
                                                                          600
1,200
                                                                                                            480                              455
                                                                          500
                                 903
 900                                                         761          400                  357
                   600                                                    300        273
 600
          444
                                                                          200
 300                                                                      100
         Mar-06   Mar-07        Mar-08    Mar-09   Mar-10   Sep-10                  Mar-06    Mar-07       Mar-08     Mar-09     Mar-10     Sep-10

Steady increase in net interest income                                    Robust PAT growth
                    Net Interest Income (INR Mn)
                                                                                                            PAT (INR Mn)

                                                   2,781
2,800                                                                                                                               1,528
                                                                          1,500
                                           2,426
2,500                                                                                                                   1,221
                                                                          1,200                              1,017                             1,060
2,200                           1,998                       1,962
                                                                           900                  718
1,900
                  1,675                                                               564
1,600                                                                      600
          1,398
1,300                                                                      300

1,000                                                                           0
         Mar-06   Mar-07        Mar-08    Mar-09   Mar-10   Sep-10                   Mar-06    Mar-07        Mar-08     Mar-09     Mar-10      Sep-10

        Half year figures (Not Annualised)                           22
Cost of deposits & yield on advances

Cost of deposits and yield on advances in last 10 years
                                                                                CoD           YoA
  16.0

              15.06

  14.0
                        13.75
                                                                                                          13.46
                                                                                                                    13.04
                                                                                                12.82
                                  12.58                                                                                     12.44
  12.0
                                            11.72
                                                      11.36                           11.32
                                                                11.00       10.85

  10.0        9.86

                        8.96
                                  8.74
   8.0                                      7.89                                                          7.98
                                                                                                                    7.73
                                                                                                7.23
                                                      6.96                                                                  6.83

   6.0                                                          6.08                  5.95
                                                                            5.75



   4.0
          2000       2001      2002      2003      2004      2005        2006      2007      2008      2009      2010   Sep-10


         Spread between cost of deposits and yield on advances of our bank maintained in the last 10 years

                                                                    23
Investments – At a Glance

 Investments Breakup and Category wise

    Particulars (Rs in Mn)            SEP-10          MAR-10            SEP-09
 SLR                                      28,819           25,788          25,661
 Non SLR                                   6,575             6,397          4,257
 Total Investments                        35,394           32,185          29,918
 Yield on Investments                       6.6%             6.5%           6.4%
 Investments Breakup:
 -AFS                                      4,954             3,928          5,914
 -HTM                                     30,389           28,256          23,959
 -HFT                                          51                   0            46
 Total Investments                        35,394           32,184          29,919
 M D – AFS                                   2.86             2.89           2.09
 M D – HTM                                   5.81             5.98           6.23
 M D – HFT                                   6.46                   -        7.15
 M D – Overall                               5.31             5.49           5.30

 In total Non-SLR securities of Rs.6,575 Mns, investment in NABARD RIDF constitutes Rs.5,924 Mns.

 Modified Duration for entire investment portfolio is 5.31 only.



                                                               24
Loan book – Major Industry wise exposure

Advances to Major Industries as on 30th September 2010
                                                                     Paper & Paper
                             Amount      % to Total                                              Other Metals, 2%
                                                                      Products, 2%
 Loans Composition         (in INR mn)   Advances
                                                                                                           Other I ndustries,
 Construction (Comm Real                                                                                            3%
 Estate)                      3,561         4%
                                                      I ron & Steel, 5%

 Textiles                     8,426         11%

 Food Processing              1,390         2%

 Iron & Steel                 3,760         5%
                                                                                                                Construction, 4%

 Paper & Paper products       1,798         2%

 Other Metal & Metal
 Products                     1,332         2%                Food Processing,
                                                                     2%
 Other Industries             2,480         3%                                   Textiles, 11%




                                                        25
Loan book – Major Sector wise Exposure & Regulatory Classification


  Major Sector wise Advances as on 30th September, 2010

            Major Sector
                                Amount
                                             % to Total Adv    SME and trade loans earning higher yields constitute
                             ( in INR mn)
                                                                 54%.
  MSME                              25,912             32%
                                                               Diversified credit portfolio reduces credit risk
  Agriculture                        9,401             12%

  Large Industries                   4,679              6%
                                                               Lower ticket size backed by adequate collaterals

  Retail Traders                     8,043             10%     Unsecured Advances aggregate to 3% only

  Wholesale Traders                  9,487             12%


  Regulatory Classification of Advances as on 30th September, 2010
                                Amount
            Classification                   % to Total Adv
                             ( in INR mn)

  Corporates                        27,287             34%

  Regulatory Retail                 33,656             42%

  NBFC                               2,411              3%

  Other Advances                    17,039             21%

  Gross Loans Total                80,393




                                                        26
Loan book products composition


 Loan Products composition as September 30, 2010

                                       Amount                       Working capital loans yielding higher interest
  Loan Products Combination      ( in INR mn) % to Total Adv          constitute 58% of advances
  OD/CC and Demand Loans               46,263                58%
                                                                    Re-pricing possible at short intervals thus
  Term loans                           32,489                40%      reducing interest rate risk

  Bills Purchased / Discounted          1,641                2%     ~80% of our loan book is on floating rate basis

  Gross Loans Total                   80,393
                                                                      which reduces interest rate risk


          Bills
     purchased/di
                                                      Demand
       scounted
                                                         loans
          2%
                                                         23%




   O verdraft/Ca
      sh credit
        34%

                                                Term loans
                                                   41%




                                                              27
Asset quality is showing continuous improvement

                                                                  NPA – AN ANALYSIS – LAST 5 YEARS
Gross NPA & Net NPA - Quantum                                                                                       Gross NPA & Net NPA - %
                                                                                                                          7.00%
        140
                     130.69
                                                                                                                          6.00%       5.89%
        120
                                  112.83
                                                                                 102.08                                   5.00%
        100                                                                                               101.11
                                                                                              93.50                                              4.32%
                                               87.07           82.93                                                      4.00%
         80
                                                                                                                                      3.37%
                     67.79                                                                                                3.00%
         60                                                                      61.11
                                                                                                                                                            2.58%
                                  49.80
                                                               44.46                                      42.79           2.00%                  1.95%
         40                                    36.25                                          39.67                                                                    1.81%       1.80%
                                                                                                                                                                                              1.36%      1.26%
                                                                                                                          1.00%                             1.09%      0.98%       1.08%
         20
                                                                                                                                                                                              0.58%      0.54%
             0                                                                                                            0.00%
                                                                                                                                   2005       2006       2007       2008       2009        2010    Sep-10
                 2005         2006         2007          2008              2009           2010        Sep-10
                                                                                                                     Gross NPA %   5.89%      4.32%      2.58%      1.81%      1.80%       1.36%      1.26%
   Gross NPA     130.69       112.83       87.07         82.93            102.08          93.50       101.11
                                                                                                                     Net NPA %     3.37%      1.95%      1.09%      0.98%      1.08%       0.58%      0.54%
   Net NPA       67.79        49.80        36.25         44.46             61.11          39.67       42.79

                                                   Gross NPA           Net NPA                                                                        Gross NPA %              Net NPA %


  Smart improvement in Asset quality over the years; Gross NPA has come down from 5.9% in March‟ 05 to 1.3% in
    September ‟10

  Net NPA level brought down to 0.5% in September ‟10 from 3.4% in March‟ 05

  We have a well defined and robust credit appraisal policy and risk management system




                                                                                                               28
Restructured Accounts


Details of Restructured Accounts

 No accounts Restructured in the last 5 quarters.

 25% of the Restructured amounts already recovered (full cash recovery).

 Only 2.9% of restructured accounts turned NPA and no addition from Restructured accounts in the last 5 quarters.

 The Restructured accounts are performing well and certain accounts got closed well before the due date. Out of Rs.4843
   Mn in Restructured amounts, the amount collected upto September 2010 was Rs.1921 Mn.

 Regular repayments received for more than one year in accounts with restructured balance of Rs.1640 Mn.

 An amount of Rs.1697 Mn only in the Moratorium period of one year in entire Restructured Accounts.

 Balance outstanding on Restructured Accounts as on 30th September 2010 – Rs.3337 Mns




                                                           29
Restructured Accounts


Details of Restructured Accounts

                                                                              Amount
                                                     No .of Borrowers   ( in INR mn)

 Restructured in I Phase – FY 2008-09                      213               3,187.9

 Restructured in II Phase – FY 2009-10                     51                1,655.6

 Total                                                    264               4,843.5

 Out of the above,

 Accounts closed till 30.09.2010                                               699.5

 Accounts turned as NPA                                                        142.5

 Amounts repaid till 30.09.2010                                               1221.9

 Balance outstanding as at 30.09.2010                                        3337.0


 Out of Rs.3337 Mn, accounts corresponding to Rs.1640 Mn have completed 1 year of principal repayment after
    the moratorium period.

 Rs.1232 Mn have completed more than 6 to 12 months of principal repayment after the moratorium period.

 Rs.401 Mn have completed 6 months of principal repayment after the moratorium period.

 Only Rs.64 Mn yet to start principal repayment.




                                                          30
Income and Expenses break up – Q2 FY 11 Vs Q2 FY 10


                                                     Interest income break up                                                       (in INR Mn)

                          Particulars                Q2 FY 11           Q2 FY 10        % Change         March’ 10


                          Interest on Loans                 2,292              1,853           23.7%             7,558
                          Interest on
                          Investments                         603               495            21.8%             1,937

                          Other Interest Income                 26                 8         325.0%                 71

                          Total expenses                    2,921             2,356            24.0%             9,566


                   Other income break up                                                               Expenses break up

Particulars        Q2 FY 11   Q2 FY 10        % Change    March’ 10          Particulars          Q2 FY 11        Q2 FY 10       % Change   March ’10


                                                                             Interest
CEB & Charges           244          148          64.9%           690        expended                    1,881           1,765       6.6%       6,785

Treasury Income          24          287            -Ve           458        Employee cost                 247            224       10.3%         801
Others including                                                             Other operating
Suit Recoveries         172             59      291.5%            260        exp                           282            220       28.2%         857
Total Other
Income                  440          494           - ve         1,435        Total expenses              2,410       2,209           9.1%       8,443




                                                                        31
Income and Expenses break up – H1 FY 11 Vs H1 FY 10


                                                     Interest income break up                                                       (in INR Mn)

                          Particulars                H1 FY 11           H1 FY 10        % Change         March’ 10


                          Interest on Loans                 4,407              3,694           19.3%             7,558
                          Interest on
                          Investments                       1,143               917            24.6%             1,937
                          Other Interest
                          Income                                44                28           57.1%                71

                          Total expenses                    5,594             4,639            20.6%             9,566

                   Other income break up                                                               Expenses break up

Particulars        H1 FY 11   H1 FY 10        % Change    March’ 10          Particulars          H1 FY 11        H1 FY 10       % Change   March ’10


                                                                             Interest
                                                                             expended                    3,632           3,486       4.2%       6,785
CEB & Charges           455          280        162.5%            690

                                                                             Employee cost                 478            405       18.0%         801
Treasury Income          79          370           -Ve            458
                                                                             Other operating
Others including
                                                                             exp                           508            388       30.9%         857
Suit Recoveries         227          103        220.4%            260
Total Other
Income                  761          753           - ve         1,435        Total expenses              4,618       4,279           7.9%       8,443




                                                                        32
Increasing employee efficiency

Growth in business per employee                                              Steady rise in profit per employee


                    Business Per Employee (INR Mn)                                                Profit per Employee (INR Mn)

                                                                                                                                           0.8
80                                                            72.6          0.8
70                                                   65.1                   0.7
                                                                                                                                  0.6
60                                       56.5                               0.6
                                                                                                          0.5          0.5
                             49.9                                           0.5
50                                                                                 0.4      0.4
                                                                            0.4
40    34.0     35.0
                                                                            0.3
30
                                                                            0.2
20                                                                          0.1
      Mar-06   Mar-07       Mar-08      Mar-09       Mar-10   Sep-10              Mar-06   Mar-07        Mar-08      Mar-09      Mar-10   Sep-10




                  Our employee efficiency has been going up continuously as reflected by the above parameters


     Annualised

                                                                       33
Thank You

				
DOCUMENT INFO
Shared By:
Categories:
Stats:
views:13
posted:1/20/2011
language:English
pages:34