invt prestn 30sept2000

Performance ReviewH1-2000-2001: 

Performance Review H1-2000-2001

Contents: 

Snapshot Retail Banking Corporate Banking Performance Indicators US GAAP Contents

H1-2000 Snapshot: 

H1-2000 Snapshot Net Profit up 59% YoY Net interest income up 154% Cost of deposit < 8% Core Fee income doubles Customer accounts reach 1.2 mn (0.65 mn) NRI accounts cross 40,000 (23,400) ATMs cross 310 (175) (Figures in brackets are as of 31st March 2000)) Infinity accounts reach 2,66,000 (1,10,000) PPA relationships increase to 2500 (950) No. of credit cards reach 69000 (10,656) Corporate assets relationships reach 968 (852) CMS relationships reach 282 (254)

H1- 2000 Snapshot (contd.): 

H1- 2000 Snapshot (contd.) Higher infrastructure and new products expenditure for retail business Decline in Trading Income Cost to Income Ratio increases to 52% Adverse Mark-to-market impact Higher loan loss provisioning

Business Levels: 

Business Levels Rs. million Savings deposits up by 207% Composition of demand deposits increases due to retail thrust Retail deposits constitute 48% of total deposits Customer accounts increases to 1.26 mn from 0.65 mn in March 2000

Summary Ratios (Indian GAAP): 

Summary Ratios (Indian GAAP) *: Not annualised

Contents: 

Snapshot Retail Banking Corporate Banking Performance Indicators US GAAP Contents

Growth in Customer accounts: 

Growth in Customer accounts 637,000 1,245,000 31.3..2000 30.09.2000 95% growth

Growth in Retail deposits: 

Growth in Retail deposits Rs. 30,570 mn Rs. 46,840 mn 31.3.2000 30.9.2000 53% growth

Slide10: 

Share of Retail deposits in Total deposits Retail Corporate

Channel Growth: 

Channel Growth Call Centre ATMs Branches

Growth in Registration for channels: 

Growth in Registration for channels Telephone banking Mobile Banking

New Product Launches: 

New Product Launches

NRI Services: 

NRI Services 1,600 Money2India remittances received for total value of USD 6.50 million 8,000 On line accounts opened Total NRI deposits Rs. 5,380 mn 31.03.2000 30.09.2000 Rs.8,020 mn

Other initiatives: 

Other initiatives B2C initiatives 24 billers registered till date across 11 cities Tie up with 10 shopping malls Third party distribution 9% GOI Relief Bonds Mutual Funds on the Net - Tie up with 6 Mutual Funds

Contents: 

Snapshot Retail Banking Corporate Banking Performance Indicators US GAAP Contents

Initiatives taken: 

Initiatives taken Revised Loan Policy put in place. 90 % of Incremental Assets rated A & above. Rating Exercise: All new accounts approved only after rating. 80% of asset Exposure re-rated under new rating model. Entire CMS & Corporate treasury instruments relationships rated. Bankers to NSE. Capital Market Segment Launched. Institutional Group, SBG, and ABG created. Risk participation in L/Cs. Entry into all major oil refinery accounts

Initiatives taken (contd.): 

Initiatives taken (contd.) Dividend warrant business added to suite of CMS services - 79 issues , value Rs.12,011 mn, average float Rs. 300 mn Roll out of Corporate related agricultural funding products - 4 corporates, 5000 borrowers, Rs. 550 mn exposure approved. Corporate Vendor/ Dealer funding products with 12 corporates, 215 dealers, Rs. 130 crores exposures approved. Tie-up with 5 Vortals for B2B services.

Incremental Market share in Assets: 

Incremental Market share in Assets

Core Fee Income: 

Rs. million Core Fee Income

Assets: Industry-wise - Top 10: Sept 30, 2000: 

Assets: Industry-wise - Top 10: Sept 30, 2000

Contents: 

Snapshot Retail Banking Corporate Banking Performance Indicators US GAAP Contents

Balance Sheet: Liabilities: 

Balance Sheet: Liabilities Rs. million

Balance Sheet: Assets: 

Balance Sheet: Assets Rs. million

H1 Operating Profit: 

H1 Operating Profit Net interest income up by 155% (YoY) Core Fee income doubles Operating Profit up by 62% Rs million

H1 Profit Statement: 

H1 Profit Statement Net profit up by 59% Operating Profit up by 62% YoY Rs. million

Q2 Operating Profit: 

Q2 Operating Profit Rs. million

Q2 Profit Statement: 

Q2 Profit Statement Rs. million

Interest Spread: 

Interest Spread On advances Increasing exposures to higher rated corporates Increase in short-term loans based on tenor based PLR Increase in exposure under Multi Currency Credit Reduction in yield due to interest derecognition On deposits Increase in demand deposit composition

Contents: 

Snapshot Retail Banking Corporate Banking Performance Indicators US GAAP Contents

Income Statement: US GAAP: 

Income Statement: US GAAP Net income down due to MTM losses on Trading Rs. million

Reconciliation of net income - US GAAP: 

Reconciliation of net income - US GAAP Rs. million

Thank You: 

Thank You