IDFC Bank Customer
base touches 20 lacs
§ The Bank’s
network expanded to 14,126 Points-of-Presence, covering 25 states, 325 districts,
670 cities/towns and 45,000 villages, serving 20 lac customers
§ Outstanding
funded & non-funded credit grew 34% y-o-y; funded outstanding credit was up
14% y-o-y
§ As on
September 30, 2017, non-funded business stood at over Rs. 25,000 crore
§ Overall
retail portfolio exceeded Rs. 18,000 crore as on September 30, 2017, which
represents retailisation of about 28%
§ Direct
retail portfolio increased by 38% from Rs. 3,440 crore as on June 30, 2017, to
Rs. 4,733 crore as on September 30, 2017
§ Deposits stood
at Rs. 38,890 crore up 70% y-o-y
§ CASA
increased by 12% from Rs. 2,850 crore as on June 30, 2017, to Rs. 3,200 crore
as on September 30, 2017
Mumbai, Oct 25, 2017:
The Board
of Directors of IDFC Bank today approved the financial results for the quarter ended
September 30, 2017.
Performance
at a glance:
Q2 FY18 v/s Q2 FY17
§ Total Credit
(Funded + Non Funded) up by 34% to Rs. 90,598 crore as of September 30, 2017,
from Rs. 67,862 crore as of September 30, 2016
§ Net Retail
and Corporate Assets were up by 14% to Rs. 65,177 crore as of September 30,
2017, from Rs. 57,138 crore as of September 30, 2016
§ Net profit for
the quarter ended September 30, 2017, was Rs. 234 crore
§ Deposits
were Rs. 38,890 crore as of September 30, 2017 vs. Rs. 22,911 crore as of September
30, 2016 up 70%
Q2 FY18 v/s Q1 FY18
§ Total Credit
(Funded + Non Funded) was up by 9% to Rs. 90,598 crore as of September 30,
2017, from Rs. 83,157 crore as of June 30, 2017
§ Funded
Credit (Net Advances + Credit Inv.) increased 4% to Rs. 65,177 crore as of
September 30, 2017, from Rs. 62,675 crore as of June 30, 2017
§ Net Interest
Income (NII) was at Rs. 480 crore, higher by 10%; Non-Interest Income (ex-asset
sale) was Rs. 130 crore
§ Deposits
were Rs. 38,890 crore as of September 30, 2017 vs. Rs. 41,959 crore as of June
30, 2017, down 7%
IDFC Bank’s active
customer base touched 20 lacs, serviced through 14,126 Points-of-Presence, comprising
100 branches, 48 ATMs, 383 business correspondent branches, 10,258 MicroATMs, and
3,337 Aadhaar Pay merchant points.
Shareholders’
Funds and Capital Adequacy
The
Shareholders’ funds of the Bank stood at Rs. 15,056 crore as on September 30,
2017. Capital Adequacy Ratio (CRAR) of the Bank, computed as per Basel III
guidelines, stood at 19.3% as at the end of the quarter. Tier 1 Capital adequacy
ratio stood at 19.0%.
Asset Quality
Gross NPL
and Net NPL of the Bank as of September 30, 2017 were Rs. 2,002 crore and Rs. 805
crore respectively. Gross NPL as a percentage of Gross Advances was 3.9% and
Net NPL as a percentage of Net Advances 1.6%.
Strengthening Human Capital
The Bank’s
employee base (including IDFC Bharat Limited) grew by 6.5%, as compared to the
previous quarter reaching total team strength of 8,377 employees as of September
30, 2017.
Awards
IDFC Bank
was recognised as a Digital Transformation Leader for Omni- Experience
Innovation at the IDC Digital Transformation Awards 2017.
Key
Financials: Balance Sheet
In INR Crore
|
Sep-16
|
Jun-17
|
Sep-17
|
% Growth
(QoQ)
|
% Growth
(YoY)
|
Shareholders' Funds
|
14,291
|
15,125
|
15,056
|
0%
|
5%
|
Deposits
|
22,911
|
41,959
|
38,890
|
(7%)
|
70%
|
Borrowings
|
66,926
|
56,250
|
59,944
|
7%
|
(10%)
|
Other liabilities and provisions
|
5,100
|
5,911
|
6,062
|
3%
|
19%
|
Total Liabilities
|
109,228
|
119,245
|
119,952
|
1%
|
10%
|
Cash and Bank Balances
|
6,784
|
2,101
|
2,470
|
18%
|
(64%)
|
Net Retail and Corporate Assets
|
57,138
|
62,675
|
65,177
|
4%
|
14%
|
Statutory Investments
|
14,740
|
17,467
|
16,740
|
(4%)
|
14%
|
Trading Investments
|
24,824
|
30,981
|
29,172
|
(6%)
|
18%
|
Fixed and Other Assets
|
5,742
|
6,021
|
6,393
|
6%
|
11%
|
Total Assets
|
109,228
|
119,245
|
119,952
|
1%
|
10%
|
Income
Statement
In INR Cr.
|
Q2 FY17
|
Q1 FY18
|
Q2 FY18
|
% Growth Q2 vs Q1
|
% Growth Q2 vs Q2
|
|
Operating Income
|
905.4
|
1,036.90
|
607.1
|
(41%)
|
(33%)
|
|
Net Interest Income
|
509.9
|
437.5
|
479.8
|
10%
|
(6%)
|
|
Non-Interest Income
|
229.5
|
142.1
|
130.2
|
(8%)
|
(43%)
|
|
Asset Sale
|
166.0
|
457.3
|
(2.9)
|
NM
|
NM
|
|
Operating Expenses
|
323.4
|
389.4
|
362.3
|
(7%)
|
12%
|
|
Pre-Prov Op Profit (Ppop)
|
582.0
|
647.5
|
244.8
|
(62%)
|
(58%)
|
|
Provisions &
Contingencies
|
22.3
|
(14.6)
|
(100.4)
|
NM
|
NM
|
|
Profit Before Tax
|
559.7
|
662.1
|
345.2
|
(48%)
|
(38%)
|
|
Tax
|
172.2
|
224.5
|
111.5
|
(50%)
|
(35%)
|
|
Profit After Tax
|
387.4
|
437.6
|
233.7
|
(47%)
|
(40%)
|
Key Ratios
Particular
|
Q2 FY17
|
Q1 FY18
|
Q2 FY18
|
Return on Assets
|
1.5%
|
1.5%
|
0.8%
|
Return on Equity
|
10.9%
|
11.8%
|
6.1%
|
EPS (Rs.)
|
1.1
|
1.3
|
0.7
|
Book Value Per Share (Rs.)
|
42.1
|
44.5
|
44.3
|
NIMs
|
2.2%
|
1.7%
|
1.8%
|
Cost/Income
|
35.7%
|
37.6%
|
59.7%
|
Capital Adequacy Ratio
|
19.2%
|
18.6%
|
19.3%
|
Of
which Tier I
|
18.7%
|
18.3%
|
19.0%
|
Gross NPL (% of Loans)
|
6.0%
|
4.1%
|
3.9%
|
Net NPL (%)
|
2.4%
|
1.7%
|
1.6%
|
About IDFC Bank:
IDFC Bank (BSE: 539437, NSE: IDFCBANK) is a subsidiary of
IDFC Ltd (BSE: 532659, NSE: IDFC). Headquartered in Mumbai, IDFC Bank is a
universal bank, offering financial solutions through its nationwide branches,
internet and mobile.
Envisioned as a new age bank, IDFC Bank seeks to set a new
standard in customer experience, using technology and a service-oriented
approach, to make banking simple and accessible, anytime and from anywhere.
In
keeping with IDFC’s legacy of building the nation, IDFC Bank will focus on serving
the rural underserved communities and the self-employed, while continuing to
support the country’s infrastructure sector.
IDFC Bank provides customized
financial solutions to corporates, individuals, small and micro-enterprises,
entrepreneurs, financial institutions and the government. With best-in-class
corporate governance, rigorous risk management, experienced management and a
diversified team, IDFC Bank is uniquely positioned to meet the aspirations of
its customers and stakeholders. www.idfcbank.com or Twitter, Facebook and LinkedIn
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