Investor Presentation - FY20 / Q4 FY20 CONFIDENTIAL - Fincare Small Finance Bank
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Investor Presentation
FY20 / Q4 FY20
CONFIDENTIAL CONFIDENTIAL © Fincare SFB 2019
Executive Summary
01
Performance Highlights & Key updates
02
Other updates – Q4 FY20/ FY20
03
04 Profitability, P&L and Balance Sheet
Governance and Management
05
2
CONFIDENTIAL © Fincare SFB 2020
FY20 Highlights
Overall Assets Liabilities Technology
• Overall Growth of • Growth of MF,LAG • Liabilities not a • WhatsApp Banking
51% for Gross Loan GLA of 51%,107% constraint for – a new benchmark
Advances and 74% respectively growth. Transformed in conversational
for On-book bulk into retail. banking
Advances • Reduced GNPA to
0.9% in FY20 from • Deposits growth of • Leveraged Kaizala
• Strong Deposit 1.3% in FY19. 128% and healthy and Progressive
growth of 128% in retail share of 77% vs Web Apps as a
FY20 along-with • MF GNPA of 0.6% vs 57% game changer
CASA growth of 1.3%.
• Built solid in-house
148%
team
• Healthy PAT of ₹143
Cr in FY20 vs. ₹102
Cr in FY19. Growth of
41%
• Significant talent build up for control function, digital and IT
Others| •
•
Renewed Brand Association with Viswanath Anand
Developed Fincare SFB Brand Proposition – Wish More, Get More
•
•
ESOP Structure closure
India Banking Reforms Conclave & BFSI
3
CONFIDENTIAL © Fincare SFB 2020
Key Highlights Q4FY20|FY20
P&L Highlights (In ₹ Crore) Growth story of around 80%
In ₹ Crore
Total Income Net Interest Income PPOP Profit After Tax^
366 | 1216 177 | 620 111 | 338 8 | 143
(204|675) (79% |80%) (111|377) (60%|64%) (49|155) (125%|118%) (33|102) (-77%|141%)
Business Highlights (In ₹ Crore) Strong Balance Sheet, Liabilities
In ₹ Crore & Capital
Gross Loan Portfolio Disbursements Deposits Net-worth^
5,342 1,481 | 4963 4,654 904
(3,530) (51%) (1,252|3,238) (18%|53%) (2,043) (128%) (666) (36%)
Operational Highlights Driving diversification, Scale and depth
# States/UTs & Districts # Banking Outlets* # Employees # Customers
19 &177 711 7,363 25 lakh+
(13 &144) (32% & 23%) (569) (25%) (5,498) (34%) (15.5 lakh+) (61%)
Legend 1: for Q4/FY20 Legend 2: as at FY20
^ after a voluntary/non-regulatory COVID-19 provision of ₹ 85 crore
Q4 FY20 | FY20 FY20
* including asset focused branches, BC banking outlets & excluding
administrative offices, processing centers, call centers etc. (Q4FY19 | FY19) (YoY Growth) (FY19) (YoY Growth)
4
CONFIDENTIAL © Fincare SFB 2020
Key Ratios Q4FY20 | FY20
Profit & Loss Ratios Balance Sheet Ratios
Yield NIM Other Income Secured Book GNPA / NNPA* PCR
22.2% |22.4 % 10.2% | 10.2% 25.9% | 18.9% 19.8% 0.9% / 0.4% 91.1%
20.8% | 20.2% 10.8% | 10.8% 19.7% | 15.4% 19.6% 1.3% / 0.3% 94.4%
Opex/Assets Cost to Income Cost of Funds CASA Retail Share of Credit to Deposit
Deposits Ratio
7.6% | 7.9% 53.3% | 55.8% 8.8% | 9.0% 11.9% 76.9% 104%
10.1% | 9.7% 64.1% | 65.2% 9.0% | 9.3% 11.0% 56.5% 136%
ROA^ ROE^ Credit cost Deposits / Net- CRAR^ Tier I CRAR^
Advances
0.4% | 2.4% 3.3% | 18.4% 1.0% | 1.0% 97% 29.3% 23.5%
3.3% | 2.9% 22.8% | 22.4% 0.8% | 1.0% 74% 23.6% 21.5%
Legend: Legend:
Q4FY20|FY20 FY20
Q4FY19|FY19 FY19
^ after a voluntary/non-regulatory COVID-19 provision of ₹ 85 crore * Without considering a voluntary/non-regulatory COVID-19 provision of ₹ 85 crore
5
CONFIDENTIAL © Fincare SFB 2020
Completed Transformation – Say FY17,Do FY20
Bank Goals at the time of launch & status (FY17-20)
Assets Introduce new secured asset products to existing customer segments. Completed (TWL, RLAP & RLAG target
MF customers).
Successfully manage the transition of the balance sheet from MFI to the SFB. Completed (CD ratio –104%).
Liabilities Build and stabilize the liabilities franchise among existing customer and new customer
segments. Completed (Shakti, Smart Saver Accounts availed by all MF/TWL/RLAP and LAP/AHF customers respectively).
Build sufficient wholesale liability options to fund asset growth. Completed (Bank has full range of options from
Bulk FD/ Refinance/ IBPC/ CD/ Securitisation).
Digital & Rollout and stabilize the branch infrastructure, BC points and rapidly grow our digital banking
Channel channels. Completed (711 bank branches, Transitioned all MFI centres to banking outlets, operationalised 202 BC outlets, assisted digital
banking & self-service digital penetration >95% across all retail assets & liabilities).
Technology Stabilize technology and processes. Completed (99% uptime across 50+ systems including completely integrated core
banking, currently handling 50 million+ transactions).
Talent
Build and stabilize the organization with addition of liabilities, compliance and treasury teams.
Completed (senior leadership team of over 18 people with over 500 man years of experience and senior teams of 50 people with over 600
man years experience, all across banking, lending, finance, treasury, compliance, risk and technology).
6
CONFIDENTIAL © Fincare SFB 2020
Executive Summary
01
Performance Highlights & Key updates
02
Other updates – Q4 FY20/ FY20
03
04 Profitability, P&L and Balance Sheet
Governance and Management
05
7
CONFIDENTIAL © Fincare SFB 2020
Business Metrics, Key Performance Highlights(1/2)
Gross Loan Advances growing over years Steady expansion of Total Assets over the years
Gross Loan Advances (₹ Cr.) Total Assets (₹ Cr.)
YoY YoY
CAGR 71% CAGR
51%
57% 7,116 77% 7,116
5,342 5,342 6,628
4,347 4,746 5,929
3,530 3,853 3,530 4,995
4,172 4,172
2,154 2,274
Q4FY19 Q1FY20 Q2FY20 Q3FY20 Q4FY20 FY18 FY19 FY20 Q4FY19 Q1FY20 Q2FY20 Q3FY20 Q4FY20 FY18 FY19 FY20
Deposits growing stupendously Granular Deposits, share of Retail increasing CASA improving over the years
Total Deposits (₹ Cr.) Deposits % of Liabilities Retail Deposits (₹ Cr.) Retail % of Total Deposits CASA (₹ Cr.) CASA %
YoY CAGR YoY CAGR YoY CAGR
128% 153% 224% 378% 148% 289%
74% 77% 77% 76.9% 76.9%
73% 11.9% 11.9%
68% 65.3% 11.0% 10.8% 11.0%
61% 61%
4,654 4,654 56.5% 56.5% 9.4%
4,076 51.7% 53.8% 8.6%
3,681 40% 555 555
3,016 3,016
2,699 2,217 439 5.1%
2,043 2,043 346
1,635 23.2%
1,163 224 231 224
727 930 930
132 37
Q4FY19 Q1FY20 Q2FY20 Q3FY20 Q4FY20 FY18 FY19 FY20 Q4FY19 Q1FY20 Q2FY20 Q3FY20 Q4FY20 FY18 FY19 FY20 Q4FY19 Q1FY20 Q2FY20 Q3FY20 Q4FY20 FY18 FY19 FY20
8
CONFIDENTIAL © Fincare SFB 2020
Business Metrics, Key Performance Highlights(2/2)
Growing Disbursements over the years Fincare spreading its footprint pan-India
Disbursements (₹ Cr.) Number of Branches
YoY
4,963 25% CAGR
CAGR
55% 673 693 711 41% 711
626
YoY 3,238 569 569
18%
2,072 360
1,252 1,255 1,246 1,481
981
Q4FY19 Q1FY20 Q2FY20 Q3FY20 Q4FY20 FY18 FY19 FY20 Q4FY19 Q1FY20 Q2FY20 Q3FY20 Q4FY20 FY18 FY19 FY20
Continuously expanding Customer Base over the years Increasing Strength with growing employee base
Customers (‘Lakhs) Number of Employees
CAGR YoY
YoY 59% 34% CAGR
64% 7,025 7,363 30% 7,363
6,468
25 25 5,498 5,956 5,498
21 23
4,357
16 17 16
10
Q4FY19 Q1FY20 Q2FY20 Q3FY20 Q4FY20 FY18 FY19 FY20 Q4FY19 Q1FY20 Q2FY20 Q3FY20 Q4FY20 FY18 FY19 FY20
9
CONFIDENTIAL © Fincare SFB 2020
Key Ratios – Financial Metrics(1/3)
Improving Cost to Income Ratio despite jittery times Optimizing Opex. as a proportion of Total Assets
Cost to Income Ratio (%) Opex to Average Total Assets (%)
76.6% 14.7%
64.1% 61.6% 65.2%
58.2% 55.8%
52.1% 53.3% 10.1% 9.7%
8.4% 8.5% 7.9%
7.2% 7.6%
Q4FY19 Q1FY20 Q2FY20 Q3FY20 Q4FY20 FY18 FY19 FY20 Q4FY19 Q1FY20 Q2FY20 Q3FY20 Q4FY20 FY18 FY19 FY20
Asset Quality maintained with PCR Improving Pre-Provision Operating Profit (₹ Cr.)
GNPA(%) NNPA(%) PCR(%) PPOP (₹ Cr.)
94.4%
91.3% 91.5% 90.3% 91.1% 338
CAGR
151%
1.3% 1.3% 1.3% YoY
1.2%
0.9% 125% 155
96 111
0.5% 0.5%
0.3% 0.4% 0.4% * 49 65 66 54
Mar'19 Jun'19 Sep'19 Dec'19 Mar'20 Q4FY19 Q1FY20 Q2FY20 Q3FY20 Q4FY20 FY18 FY19 FY20
*Without considering additional voluntary/non-regulatory COVID-19 provision 10
CONFIDENTIAL © Fincare SFB 2020Key Ratios – Financial Metrics(2/3)
Total Income (₹ Cr.) Other Income (₹ Cr.)
Other Income (₹ Cr.) YoY CAGR
1,216 111%
As a % of Contributed Value 109%
CAGR
86% 25.9%
18.9%
YoY 675 19.7%
16.6% 16.3% 15.4% 145
79% 14.0% 14.4%
324 366 351
244 282 62 70
204
28 22 29 33 33
Q4FY19 Q1FY20 Q2FY20 Q3FY20 Q4FY20 FY18 FY19 FY20 Q4FY19 Q1FY20 Q2FY20 Q3FY20 Q4FY20 FY18 FY19 FY20
Net Interest Income (₹ Cr.) Average CoF (%)
Net Interest Income (₹ Cr.) YoY CAGR
60% 78%
Net Interest Margin (%)
10.8% 10.6% 10.8% 10.1%
9.7% 10.2% 10.2% 9.9% 10.2% 9.0% 9.2% 9.0% 9.0% 8.8% 9.3% 9.0%
620
377
133 143 167 177 196
111
Q4FY19 Q1FY20 Q2FY20 Q3FY20 Q4FY20 FY18 FY19 FY20 Q4FY19 Q1FY20 Q2FY20 Q3FY20 Q4FY20 FY18 FY19 FY20
11
CONFIDENTIAL © Fincare SFB 2020Key Ratios – Financial Metrics(3/3)
Networth (₹ Cr.) PAT (₹ Cr.)
YoY YoY
964* 964*
36% 41% 203*
CAGR
64%
102
68*
896 904 904 60 143
666 705 740 666 33 39 37
338 8 NA
Q4FY19 Q1FY20 Q2FY20 Q3FY20 Q4FY20 FY18 FY19 FY20 Q4FY19 Q1FY20 Q2FY20 Q3FY20 Q4FY20 FY18 FY19 FY20
RoA (%) RoE (%)
3.9%*
3.6% 30.1% 29.2%*
3.3% 3.3%* 26.0%*
3.1% 2.9% 22.8% 22.6% 22.4%
2.5% 20.6%
2.4%
18.4%
0.4% 3.3%
NA NA
Q4FY19 Q1FY20 Q2FY20 Q3FY20 Q4FY20 FY18 FY19 FY20 Q4FY19 Q1FY20 Q2FY20 Q3FY20 Q4FY20 FY18 FY19 FY20
*Without considering a voluntary/non-regulatory COVID-19 provision 12
CONFIDENTIAL © Fincare SFB 2020Executive Summary
01
Performance Highlights & Key updates
02
Other updates – Q4 FY20/ FY20
03
04 Profitability, P&L and Balance Sheet
Governance and Management
05
13
CONFIDENTIAL © Fincare SFB 2020Well Diversified Geographical presence reaching
25 lakh+ customers
Banking Network Mar’19 Mar’20
711 Banking Outlets
Bank Branches 417 509
17 States, 2 UTs
Rural 39 49
177* Districts
Urban 94 114
Semi-Urban 246 293
Metro 38 53
URC Outlets 152 202
Total 569 711
Asset only Asset & Liability Liability only Customers (in lakhs)
25.4
23.0 25.4
17.1 21.0
2.5 15.5 2.5
15.5
1.3 1.8
0.6 0.9 0.6
9.4 13.6 16.5 19.5 19.5
7.0 7.0
7.9 6.8 6.2 4.8 7.9
3.5 3.5
Q4FY19 Q1FY20 Q2FY20 Q3FY20 Q4FY20 FY19 FY20
states in which Asset BCs are present
*exclusive of Asset BCs states 14
CONFIDENTIAL © Fincare SFB 2020Credit Rating
Rating of Financial Instruments
Instrument Rating Rating Agency Type
CARE A; Stable
CARE Ratings
(Single A; Outlook: Stable)
Long Term
Term Loans From Bank [ICRA A] (Stable)
ICRA
(Single A; Outlook: Stable)
CARE A; Stable
CARE Ratings Long Term
Unsecured Sub-ordinated Debt/ (Single A; Outlook: Stable)
Non-Convertible Debentures Ind A-/ Positive
India Ratings Long Term
(Single A Minus; Outlook: Positive)
[MA+] (Stable)
Fixed Deposit Programme ICRA Medium Term
(MA+; Outlook: Stable)
Certificate of Deposits Crisil A1+ CRISIL Short Term
Long term Credit Rating evolution
FY15 FY16 FY17 FY18 FY19
BBB-/ Stable BBB-/ Positive A-/ Stable A-/ Stable A/ Stable
15
CONFIDENTIAL © Fincare SFB 2020Fincare response to COVID-19
Customers Employees
• Reached out to ~98% MF ,~98% Mortgage customers & ~100% LAG • Extended insurance coverage to 7346 employees to
customers through telecalls to ensure their well-being include COVID-19 and full reimbursement for treatment of
• 100% MF customers were provided moratorium. Out of which, 3.35 COVID-19
lakhs MF customers opted out for Moratorium. • Weekly communication with employees by CEO & MD via
• Sent out COVID-19 advisory to 20.45 lakh(~98%) MF clients Employees platforms like Coffee with CEO, Chat with CEO, and
• Put up COVID-19 awareness posters in the residences of 57,269 MF Customers fortnightly e-Townhall with 300+ employees.
customers • Video based training to 3,777 field employees of MF on
• Assisted 4,719 MF customers on digital payment methods to fulfil digital payments and other relevant topics.
Society
their basic needs. • Adequate COVID-19 precautionary measures at Corporate
• Rapidly launched AEPS & DBT enrolment in two weeks offices, Branches and back offices for employees
Business
• Conducted 65+ webinars in association with professionals like Continuity
Doctors, Bankers, Chartered Accountants, Economists with 800+
participants
Business Continuity Society
• More than 70% banking outlets during Lockdown 1.0, ~ 80-90% banking • Distributed Groceries to 3000+ families
outlets in Lockdown 2.0 & post Lockdown 2.0, ~100% banking outlets • Distributed 3,133 hygiene kits to Corona Warriors (police &
were opened with COVID-19 precautionary measures in place sanitation staff)
• Zero downtime on Internet Banking, Mobile Banking and Corporate • Fincare employees donated ~ ₹ 19 lakh to COVID-19 PM
Internet Banking. Cares Fund from their one-day salary
• ~90% of Ahmedabad corporate office employees and ~95% of
Bangalore corporate office employees worked from home in April.
• VPN solution for secure connectivity was provided to 330 employees
across corporate offices
• Employee communication and Business meetings carried out
effectively on Blue Jeans
16
CONFIDENTIAL © Fincare SFB 2020Awards & Recognition (1/2)
17
CONFIDENTIAL © Fincare SFB 2020Awards & Recognition (2/2)
18
CONFIDENTIAL © Fincare SFB 2020Fincare in the media: Q4 FY20
19
CONFIDENTIAL © Fincare SFB 2020Asset Products – Evolution over the years
GLA by segment (₹ Cr.) CAGR Product Wise Loan Book - Fincare
LAP Micro Loans IF LAG Others
Microloan
2,839 4,285
1,227 1,817 52%
0.9% 1.0% 3% 0.3% 3% 1%
Mar'17 Mar'18 Mar'19 Mar'20 7% 6% 7% 5% 11%
9%
569 Mar’19
335 Mar’18 Mar’20
LAP
87 136 87%
Mar'17 Mar'18 Mar'19 Mar'20 80% 80%
84%
160 257 255 27% GLA ₹ 2,154 Cr. ₹ 3,530 Cr. ₹ 5,342 Cr.
IF
-
Mar'17 Mar'18 Mar'19 Mar'20
Break-up of Gross Loan Portfolio; Loans moving more towards
Secured/ Non-MF portfolio
LAG
184 202%
- 20 89
On-Book Off-Book Secured Portfolio (%)
Mar'17 Mar'18 Mar'19 Mar'20
49
Others
20% 20%
21 53%
- 10
16%
Mar'17 Mar'18 Mar'19 Mar'20
₹ 2,154 Cr. ₹ 3,530 Cr. ₹ 5,342 Cr.
Total
3,530 5,342 60%
1,314 2,154 21% 9%
24%
Mar'17 Mar'18 Mar'19 Mar'20 76% 79% 91%
Secured
691 1,057
Book
87 337
130% Mar'18 Mar'19 Mar'20
Mar'17 Mar'18 Mar'19 Mar'20 20
CONFIDENTIAL © Fincare SFB 2020Executive Summary
01
Performance Highlights & Key updates
02
Other updates – Q4 FY20/ FY20
03
04 Profitability, P&L and Balance Sheet
Governance and Management
05
21
CONFIDENTIAL © Fincare SFB 2020Profit & Loss Statement
QoQ YoY YoY
In ₹ Crore Q4FY20 Q3FY20 Q4FY19 FY20 FY19
Growth Growth Growth
Audited Unaudited Audited Audited Audited
Income
Interest Earned 304 292 4% 177 72% 1,071 607 76%
Interest Expended 128 125 2% 68 88% 451 233 94%
Net Interest Income 177 167 6% 109 62% 620 375 66%
Other Income 62 33 89% 27 128% 145 69 111%
Total Net Income 238 200 19% 136 75% 765 443 73%
Expenses
Employee Expenses 76 64 18% 52 47% 263 180 46%
Other Costs 51 40 29% 35 45% 164 107 53%
Provisions & Write-offs 100 11 789% 9 977% 135 45 200%
Total Expenses 227 115 97% 96 136% 562 333 69%
Profit Before Tax 11 84 -87% 40 -72% 203 110 84%
Tax Expenses 3 25 -86% 7 -50% 59 8 607%
Profit After Tax 8 60 -87% 33 -77% 143 102 41%
22
CONFIDENTIAL © Fincare SFB 2020Balance sheet : Total Assets grew 71% YoY
In ₹ Crore 31st March 2020 31st December 2019 QoQ Growth 31st March 2019 YoY Growth
Liabilities
Capital 64 64 0% 56 14%
Reserves & Surplus 840 832 1% 610 38%
Deposits 4,654 4,076 14% 2,043 128%
Borrowings 1,368 1,445 -5% 1,283 7%
Others 190 211 -10% 179 6%
Total Liabilities 7,116 6,628 7% 4,171 71%
Assets
Cash and Cash equivalent 1,083 1,168 -7% 521 108%
Investments 1,007 799 26% 701 44%
Advances 4,816 4,481 7% 2,765 74%
Fixed Assets 40 39 4% 33 22%
Other Assets 170 141 21% 152 12%
Total Assets 7,116 6,628 7% 4,171 71%
23
CONFIDENTIAL © Fincare SFB 2020Executive Summary
01
Performance Highlights & Key updates
02
Other updates – Q4 FY20/ FY20
03
04 Profitability, P&L and Balance Sheet
Governance and Management
05
24
CONFIDENTIAL © Fincare SFB 2020Fincare SFB – Board of Directors
Pramod Kabra Rajeev Yadav Sameer Nanavati Ravindran A. L.
Chairman Managing Director Director Nominee Director
Partner, True North MD & CEO, Fincare SFB Founder, Disha Microfin General Manager, SIDBI
Alok Prasad Sunil Gulati Susan Thomas Varun Sabhlok Vinay Baijal
Independent Director Independent Director Independent Director Independent Director Independent Director
Former CEO, MFIN Former CRO, RBL Bank, Faculty at IGIDR; Formerly, Citibank, PayPal Sr. Advisor, KPMG
Yes Bank Economist Former CGM, RBI
SFB Board composed of industry stalwarts and veterans with rich experience in banking, financial
inclusion, rural economy and regulatory matters
25
CONFIDENTIAL © Fincare SFB 2020Fincare SFB – Business Management Team
Dr. Ashish Chhabra Ashish Misra Deepabh Jain Kishore Mangalvedhe Nilesh Sangoi
Chief Operating Officer, Chief Operating Chief Operating Officer, Chief Operating Officer, Chief Digital Officer & Head –
Retail Banking - West Officer, Mortgages & IF Rural Banking – South Data Analytics
Last Org: Indusind bank Retail Banking Last Org: IFC Last Org: L&T Finance Last Org: Merucabs
Exp: 21 years Last Org: IndusInd Bank Experience: 27 years Experience: 33 years Experience: 22 years
Experience: 22 years
Rajeev Yadav
Managing Director &
Chief Executive Officer
Last Org: GE Money
Experience: 25 years
Ravish Chandra Soham Shukla Suresh Krishnamurthy Virender Sharma
Chief Operating Officer, Chief Operating Officer, Chief Operating Officer, Head – Alternate Channels,
Rural Banking - West Rural Banking Retail Banking - South Rural Banking
Last Org: Kotak Mahindra Bank Co-Founder: Disha Microfin Last Org: HDFC Bank Last Org: Swadhaar Finserve
Exp: 19 years Last Org: MoneyMitra Exp: 26 years Exp: 20 years
Experience: 26 years
26
CONFIDENTIAL © Fincare SFB 2020Fincare SFB – Functional Management Team
Chandar Rao Devika Praveen Keyur Doshi Mahender Chawla Pankaj Gulati
Chief Technology Officer Head - Compliance Chief Financial Officer, Chief Operating Officer, Chief People Officer
Last Org: FINO Last Org: Kotak Co-Founder – Disha Microfin Operations & Gold Loans Last Org: Metlife
Experience: 24 years Mahindra Bank Ltd Last Org: MoneyMitra Last Org: MoneyMitra Experience: 24 years
Experience: 25 years Experience: 24 years Experience: 24 years
Rajeev Yadav
Managing Director &
Chief Executive Officer
Last Org: GE Money
Experience: 25 years
Prakash Sundaram Rakesh Das Shashi Kumar R. Venkata Jayaraman
Chief Strategy Officer Head – Credit Head – IT Projects Chief Risk Officer
Last Org: Commonwealth Last Org: IFMR Capital Last Org: Samhita Microfinance Last Org: ING-Kotak Bank
Experience: 25 years Experience: 18 years Experience: 19 years Experience: 33 years
27
CONFIDENTIAL © Fincare SFB 2020In case of any queries, please contact:-
Mr. Keyur Doshi, CFO
Board Line: 080 4250 4444
E-mail Id: keyur.doshi@fincarebank.com
Thank You!
28
CONFIDENTIAL © Fincare SFB 2020Disclaimer
This presentation has been prepared by Fincare Small Finance Bank Ltd. (the “Bank”) solely for information purposes, without regard of any specific objectives,
financial situations informational needs of any particular person. All information contained has been prepared solely by the Bank. No information contained
herein has been independently verified by anyone else. This presentation may not be copied, distributed, redistributed disseminated, directly indirectly, in any
manner.
This presentation does not constitute offer or invitation, directly or indirectly, to purchase or subscribe for any securities of the Bank by any person in any
jurisdiction, including India and the United States. No part of it should form the basis of be relied upon in connection with any investment decision any
contract commitment to purchase or subscribe for any securities. Any person placing reliance on the information contained in this presentation or any other
communication by the Bank does so at his or her own risk and the Bank shall not be liable for any loss or damage caused pursuant to any act or omission
based on fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in
all events not current after the date of this presentation. Further, past performance is not necessarily indicative of future results.
This presentation is not a complete description of the Bank. This presentation may contain statements that constitute forward-looking statements. All forward-
looking statements are subject to risk, uncertainties and assumptions that could cause actual results to differ materially from those contemplated by the
relevant forward-looking statement. Important factors that could cause actual results to differ materially include, among others, future changes or
developments in the Bank’s business, its competitive environment and political, economic, legal and social conditions. Given these risks, uncertainties and
other factors, viewers of this presentation are contained not to place undue reliance on these forward-looking statements. The Bank disclaims any obligation
to update these forward-looking statements to reflect future events or developments.
Except as otherwise noted, all of the information contained herein is indicative and is based on management information, current plans and estimates in the
form as it has been disclosed in this presentation. Any opinion, estimate or projection herein constitutes a judgment as of the date of this presentation and
there can be no assurance that future results or events will be consistent with any such opinion, estimate or projection. The Bank may alter, modify or otherwise
change in any manner the content of this presentation, without obligation to notify any person of such change or changes. The accuracy of this presentation
is not guaranteed, it may be incomplete or condensed and it may not contain all material information concerning the Bank.
This presentation is not intended to be an offer document or a prospectus, a statement in lieu of a prospectus, an offering circular or an advertisement under
the Companies Act, 2013 and Rules made thereafter, as amended, the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements)
Regulations, 2009, as amended by any other applicable law.
Figures for the previous period/ year have been regrouped wherever necessary to confirm to the current period’s/ year’s presentation. Total in some columns/
rows may not agree due to rounding off.
Note: All financial numbers in the presentation are from Audited Financials or Limited Reviewed financials or based Management estimates.
29
CONFIDENTIAL © Fincare SFB 2020Key Definitions
Yield As a % of Average Gross Loan Advances
Net Interest Margin As a % of Average Interest Earning Assets
Non-Interest/Other Income Includes Processing Fees and Other Income
Opex/Assets As a % of Average Total Assets
Cost to Income Opex/ (Net Interest Income + Other Income)
RoA Computed on monthly average of Interest earning Assets
RoE Computed on monthly average of Net worth
Credit Cost As a % of Average Gross Loan Advances
Secured Book Computed on Total Gross Loan Advances
PCR As per RBI norms (including technical write-offs)
Credit to Deposit Ratio On-Book Advances/Total Deposits
30
CONFIDENTIAL © Fincare SFB 2020Glossary
AEPS Aadhaar-enabled Payment System MFI Micro Finance Institution
AHF Affordable Housing Finance NIM Net Interest Margin
BC Business Correspondent NPA Non Performing Asset
CAGR Compounded Annual Growth Rate Opex Operating Expenses
CASA Current Account and Savings Account PAT Profit After Tax
CD Certificate of Deposit PPOP Pre-Provisioning Operating Profit
CoF Cost of Fund PCR Provision Coverage Ratio
CRAR Capital Adequacy Ratio Q-o-Q Quarter on Quarter
DBT Direct Benefit Transfer RLAP/RLAG Rural LAP/ Rural LAG
FY Financial Year RoA Return on Assets
GLA Gross Loan Advances RoE Return on Equity
IBPC Inter Bank Participation Certificate SFB Small Finance Bank
LAG Loan Against Gold TWL Two-Wheeler Loan
LAP Loan Against Property URC Unbanked Rural Centre
IF Institutional Finance UT Union Territory
MF Micro Finance Y-o-Y Year on Year
31
CONFIDENTIAL © Fincare SFB 2020You can also read
