The South Indian Bank Limited has informed the Exchange about Investor Presentation

DEPT.: SECRETARIAL REF. No. : SEC/ST.EX.STT/248/2024-25 DATE : January 21, 2025

National Stock Exchange of India Ltd., Exchange Plaza, 5th Floor, Plot No.C/1, G Block, Bandra-Kurla Complex, Bandra (E), Mumbai – 400 051. SCRIP CODE: SOUTHBANK

BSE Ltd. Department of Corporate Services (Listing), First Floor, New Trading Wing, Rotunda Building, P J Towers, Dalal Street, Fort,Mumbai – 400 001. SCRIP CODE: 532218

Dear Madam/Sir,

Sub: Presentation to Investors and Analysts

Pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015, please find enclosed the Investor Presentation to Investors and Analysts with respect to financial results of The South Indian Bank Limited for the quarter and nine months ended 31st December, 2024.

The aforesaid www.southindianbank.com.

information

is also being hosted on

the website of

the Bank

Kindly take the same in your records.

Yours faithfully,

(JIMMY MATHEW) COMPANY SECRETARY

Encl.: a/a

The South Indian Bank Ltd., Regd. Office: Thrissur, Kerala Head Office: S.I.B. House, T.B. Road, P.B. No: 28, Thrissur - 680001, Kerala (Tel) 0487-2420 020, (Fax) 91 487-244 2021, e-mail: sibcorporate@sib.co.in CIN: L65191KL 1929PLC001017, Toll Free (India) 1800-102-9408, 1800-425-1809 (BSNL)

www.southindianbank.com

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 Company’s general business plans and strategy, its future financial condition and growth prospects, and future developments in its industry and its competitive 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 Company’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 Company and neither any part of it shall form the basis of or be relied upon in connection with any contract or commitment whatsoever. The Company may alter, modify or otherwise change in any manner the content of this presentation, without obligation to notify any person of such revision or changes. This presentation can not be copied and/or disseminated in any manner.

2

1

2

3

4

Brief Snapshot

About South Indian Bank – Key Highlights

Transformation Journey of the Bank

Annexure

BRIEF SNAPSHOT

Performance Highlights (1/2)

Q3FY25 Rs. 86,966 Cr

Rs. 1,22,572 Cr

Rs. 1,05,387 Cr

Rs. 102,421 Cr

31.15%

Gross Advances

Disbursements

Deposits

Retail Deposits

CASA %

Large Scale of Operations

Q3FY24 Rs. 77,686 Cr

Rs. 65,805 Cr

Rs. 99,155 Cr

Rs. 95,088 Cr

31.80%

Rs. 342 Cr

Profit After Tax

Rs. 305 Cr

3.19%

Net Interest Margin

3.19%

1.12%

13.93%

Return on Assets

Return on Equity

1.07%

16.38%

Consistently Delivered Robust Shareholder Returns

5

Performance Highlights (2/2)

Q3FY25 4.30%

GNPA

Q3FY24 4.74%

1.25%

NNPA

1.61%

81.07%

PCR (incl. w/off)

71.73%

PCR (excl. w/off)

77.97%

67.08%

18.00%

CRAR

15.60%

Healthy Asset Quality

950

9,448

26 / 4

Branches

Employees

States / UTs

948

9,939

26 / 4

98%

Digital Transactions

97%

Multi-pronged distribution

6

ABOUT SOUTH INDIAN BANK – KEY HIGHLIGHTS

Key Highlights

1

Diversified loan book – focused on retail, MSME and high quality corporate

2

Pan India presence

3

4

5

Strong focus on Asset Quality and Collection Efficiency

Well distributed Deposit base with stable cost of funds

Focus on Digital channel to drive operating efficiency

6

Strong Management Team and Robust Financial Performance

8

1

Diversified Loan Book with granularity and strong growth in disbursements

Consistently growing loan book….

…and Disbursements

Rs. Cr

Rs. Cr

77,686

80,426

12%

82,580

84,714

86,966

Cumulative for the quarter

1,22,572

95,040

65,805

76,872

33,482

Q3'FY24

Q4'FY24

Q1'FY25

Q2'FY25

Q3'FY25

Q3'FY24

Q4'FY24

Q1'FY25

Q2'FY25

Q3'FY25

With a diversified portfolio…

..and granular book

Well diversified loan book with ~60% other than corporates

Business Loans 15%

Corporate 40%

Q3’FY25 Rs 86,966 Cr

Agriculture 19%

Personal Segment 26%

Advances excl. GNPA

Advances split by Ticket Size

Rs. Cr

<5 Cr

5-25 Cr

25-100 Cr

>100 Cr

74,004 25% 8% 12%

55%

Dec'23

76,806

24% 9% 12%

55%

83,230

26% 10% 11%

53%

Mar'24

Dec'24

9

Consistent growth momentum in retail advances continues

Personal Segment

Rs. Cr

17,515

17,639

26%

19,188

21,353

22,143

Mortgage Loans*#

Home Loans*

Rs. Cr

79%

3,503

Rs. Cr

64%

8,195

1,953

5,000

Dec'23

Mar'24

Jun'24

Sep'24

Dec'24

Dec'23

Dec'24

Dec'23

Dec'24

Mix of Personal Segment

Auto Loans

Credit Card

Others, 2%

Loan against Deposit, 7%

Credit Card, 7%

Housing* 37%

Mortgage*# 16%

Retail Gold, 12%

Vehicle, 9%

Personal Loan, 10%

* Includes IBPC and Portfolio Buyout # Includes remapping of ML from B Segment

Rs. Cr

25%

1,554

1,938

Rs. Cr

4%

1,427

1,486

Dec'23

Dec'24

Dec'23

Dec'24

10

Consistent growth momentum in advances continues

Healthy growth in Avg. Advances

Rs. Cr

33%

62,625

63,877

67,353

69,235

71,016

72,379

74,693

78,449

80,387

82,197

83,495

Growth of 12%

Gold Loan (Incl Agri)

Rs. Cr

10%

15,369

16,966

Q1FY23 Q2FY23 Q3FY23 Q4FY23 Q1FY24 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25

.... Increased loan disbursals

Dec'23

Dec'24

Personal Loans

Rs. Cr

43,390

45,700

Rs. Cr

2,186

3%

2,249

12,535

13,534

10,863

22,106

21,349

22,342

17,835

33,482

29,233

Q1FY23 Q2FY23 Q3FY23 Q4FY23 Q1FY24 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25

Dec'23

Dec'24

11

….momentum in retail disbursals continues

Home Loans*#

Auto Loans*

426

376

393

366

177

139

100

210

196

292

261

236

204

100

Jun-23

Sep-23 Dec-23 Mar-24 Jun-24

Sep-24 Dec-24

Jun-23

Sep-23 Dec-23 Mar-24

Jun-24

Sep-24 Dec-24

Agriculture Loans*

225

208

176

144

100

126

122

Personal Loans*

124

100

109

98

95

87

75

Jun-23

Sep-23 Dec-23 Mar-24 Jun-24

Sep-24 Dec-24

Jun-23

Sep-23 Dec-23 Mar-24 Jun-24

Sep-24 Dec-24

*Q1 FY24 Rebased to 100 # excludes IBPC

12

Dominant share of A & above rated corporate loans

Corporate Loan Book

Standard Large Corporate Advances (Rs. 100 Cr & Above)

Rs. Cr

33,984*

33,961*

34,956*

Rs. Cr

32,084

29,892

Standard Large Corporate Advances, 25%

18,143

21,638

Others, 75%

Dec'23

Mar'24

Jun'24

Sep'24

Dec'24

Dec'23

Dec'24

Rs. Cr

Standard Advance above Rs. 100 Cr (External Rating)

< BBB

BBB

A

AA

AAA

Dec’24

99.6 %

High share of A & Above rated Large Corporate Loans**

54.9%

34.3%

1.9%

6.8%

2.1%

2.0%

57.8%

34.2%

6.0%

0.0%

0.7%

Dec'23

Mar'24

65.3%

27.3%

Jun'24

65.6%

66.0%

5.5%

1.3%

0.4%

28.8%

5.2%

0.0%

0.0%

29.4%

4.2%

0.4%

Sep'24

Dec'24

*Figures after remapping as on 01-04-2024; **Does not include exposure to unrated state government owned entity

A & Above rated Large Corporate Loans

13

MSME Loans comprise mainly of High-Yield Portfolio

Focus on ECG loans…

MSME Strategic Initiatives

Rs. In crores 01-Apr-24*

Jun-24 Sep-24

Dec-24

Dedicated Vertical

MSME customers relationship managed by dedicated team

MSME/SME

13,464

13,078 12,914

13,042

* Figures after remapping on 01-04-2024

….while creating a granular and diversified book

Average MSME Loan/Account

Rs. Lakhs

51.3

52.6

52.5

46.8

47.1

Dec'23

Mar'24

Jun'24

Sep'24

Dec'24

Geographical Split

South (ex-Kerala), 37%

Skill Building Program

Revamped ML Product

Significant investment in building highly skilled teams managing MSME clients

New ML product and system launched to improve market position

LAP Power

New STP( Straight Through Process) work flows has been introduced for small ticket sized loans for quicker disposal

Advanced LOS

Two new LOS platforms – LAP Power and GST Power launched

Digital Sourcing Capabilities

Enhanced digital sourcing capabilities

Fintech tie-ups

Entered into strategic alliance with MoneyView, Loantap and Bajaj Finserv Direct Limited for digital sourcing of Mortgage Loans

Branch Mgmt.

Small value MSME loans are handled by bank branches, supported by on-the-ground technology for faster loan sanctions.

Dec’24 – Rs. 13,042 Cr

Kerala, 41%

Rest of India, 22%

Empowered Branches

Tech-enabled Renewals

Branches are empowered with a revised STP workflow and improved product offerings to deliver best-in-class credit

Transaction-based renewals were enabled through technology for hassle-free renewal of borrower accounts

14 14

2

Pan India presence with focus on diversification

Diversifying Loan Book Outside Kerala

Continuously expanding network

Q3’FY25

Has a network of 950 Branches across India

Q3’FY24

Loan Book Rs. 77,686 Cr

Kerala, 36%

Rest of India, 30%

South (Ex- Kerala), 34%

Q3’FY25 Branch Split*

11%

21%

48%

Metropolitan

Semi-Urban

19%

Urban

Rural

Expanding book outside Kerala

Q3’FY25

Loan Book Rs. 86,966 Cr

Kerala, 30%

Rest of India, 36%

South (Ex- Kerala), 34%

1. Excludes 5 USBs & Satellite branches

No. Of Branches

100+ 50-100 20-50 10-20

*Map for illustration purpose only

Branches1

950

948

Q3FY24

Q3FY25

ATM / CRM

1,315

1,280

Q3FY24

Q3FY25

Customers

7.9

7.5

Mn

Q3FY24

Q3FY25

15

3

Strong focus on improving asset quality and collection efficiency

Net NPA below pre- covid level

…with focus on Recoveries and Upgrades

6.97%

4.71%

GNPA

NNPA

5.90%

2.97%

5.14%

1.86%

4.50%

1.46%

4.30%

1.25%

Rs. Cr

690

1,814

1,642

1,464

1,025

Mar-21

Mar-22

Mar-23

Mar-24

Dec-24

FY21

FY22

FY23

FY24

9M FY25

Significant improvement in PCR….

…and reduced SMA 2*

PCR Incl W/off

PCR excl W/off

SMA 2

as % of advances

Rs. Cr

58.7%

34.1%

69.6%

51.3%

76.8%

65.1%

79.1%

68.7%

81.1%

71.7%

623

0.8%

Mar-21

Mar-22

Mar-23

Mar-24

Dec-24

Dec-23

Mar-24

Jun-24

* Includes SMA2 from portfolio buyout

521

575

490

504

0.7%

0.7%

0.6%

Sep-24

0.6%

Dec-24

16

4

Well Distributed Deposit Base with focus on low cost deposits

Breakup of Deposits

CASA Ratio continues to hold…

Rs. Cr

99,155

101,920

103,532

105,451

105,387

% Deposits

31.80%

31,529

32.06%

33,195

31.80%

33,530

32.08%

32,693

Rs. Cr

31.15%

32,830

63,558

65,050

66,550

68,120

69,590

Q3'FY24

Q4'FY24

Q1'FY25

Q2'FY25

Q3'FY25

26,027

5,502 4,067

26,618

27,282

27,158

6,075 4,177

5,913 3,787

6,373 3,800

26,903

5,927 2,966

Q3'FY24

Q4'FY24

Q1'FY25

Q2'FY25

Q3'FY25

Bulk

Current

Savings

Retail Term

CASA AQB continues to grow consistently….

Rebased to 100

104

105

105

100

100

Q3FY24

Q4FY24

Q1FY25

Q2FY25

Q3FY25

17

NRI Deposit continues to be a focus with stable Cost of Funds

Breakup of Non Resident Deposits

Rs. Cr

Deposit Type

Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25

NR SB

NR CD

7,039

7,042

7,120

7,178

7,424

57

57

57

58

59

Cost of Funds / Yield on Funds

Cost Of Funds

Yield on Funds

7.53

4.71

7.78

4.79

7.85

4.91

7.68

4.80

7.64

4.84

Q3'FY24

Q4'FY24

Q1'FY25

Q2'FY25

Q3'FY25

FCNR (B), RFC & Others

2,200

2,337

2,359

2,387

2,517

Yield on advances/ Yield on Investments / Cost of Deposits

Low-Cost NRI Deposit

9,295

9,436

9,536

9,623

10,000

Yield on Advances

Yield on Investments

Cost of Deposits

NRE Term Deposit

18,859

19,105

19,390

19,624

19,859

9.28%

9.34%

NRO Term Deposit

1,082

1,156

1,177

1,241

1,273

Total

29,236

29,697

30,103

30,488

31,132

5.64%

5.18%

9.19%

6.52%

9.06%

6.42%

9.01%

6.48%

6.29%

5.33%

5.40%

5.35%

5.42%

Q3'FY24

Q4'FY24

Q1'FY25

Q2'FY25

Q3'FY25

18

5

Multitude of Digital Initiatives…

Taken various digital initiatives…

Digital portal to onboard NTB deposit customers(Quick FD). Helps NTB customers to seamlessly open term deposits without the need of opening of operative account.

UPI T+1 credit - A feature extended to merchants to receive their UPI credits as a consolidated credit on next day.

NCMC wallet recharge: Facility for users to view/recharge their NCMC wallet.

Bank have successfully installed self-operating Dynamic QR Kiosks at Tirupati Temple premises for receiving donations.

A UPI merchant integration kit designed for merchants who are willing to integrate banks UPI infrastructure for collecting payments.

Enabling the customers to create the mandates against the loan accounts through our websites to cater the loan repayments from other bank accounts this will eliminate the usage of the paper mandate.

Tridentity - Swipe to Pay based AFA for Debit Cards E Commerce Transaction using Mirror+. Customer can validate the transaction by swiping the request received in the mirror plus.

PMJJBY/PMSBY through mirror plus: Facility for users to opt for PMJJBY/PMSBY insurance products seamlessly through mirror plus

Customisations in Fee Book product for collection of offerings from devotees for Bom Jesus Church, Goa

Bank has gone live in partnership with PineLabs for real time debit card EMI Loan. Approved customers of SIB can now avail Debit card EMI purchases at various merchants.

On boarding Corporate customers and facilitating internet and Mobile Banking in a single BPM workflow

Successfully installed self-operating Dynamic QR Kiosks at Kumaranelloor Temple and Chottanikara Temple for receiving donation and vazhipadu booking.

Enabled mandatory marking of Positive Pay System(PPS) confirmation through Digital Channels and Branches for clearing cheques above 5 lakhs to control cheque related frauds

19

….leading to rising digital banking…..

(000)’s

Transactions through digital channel

% total transactions

..leading to a rise in transactions with high digital share

3,036

97.5%

Dec'23

(000)’s

1,968

3,143

97.5%

Mar'24

3,133

97.8%

3,431

98.0%

3,728

98.2%

Jun'24

Sep'24

Dec'24

Internet Transaction Volume

Mobile Transaction Volume

2,139

2,136

Mn

1,935

1,806

147

158

164

178

192

Dec'23

Mar'24

Jun'24

Sep'24

Dec'24

Dec'23

Mar'24

Jun'24

Sep'24

Dec'24

20

….creating operational efficiency

Employee Additions

Cost-to-Income Ratio (Quarterly)

-14

Q3FY24

Q4FY24 -91

Q1FY25 -78

Q2FY25

Q3FY25

-55

64.5%

62.0%

60.6%

58.7%

59.8%

-214

Q3FY24

Q4FY24

Q1FY25

Q2FY25

Q3FY25

Rs. Cr

Improving productivity metrics

Rs. Cr

Business per Employee

19.1

19.4

20.0

Business per Branch 191

193

196

17.2

17.7

177

178

Q3FY24

Q4FY24

Q1FY25

Q2FY25

Q3FY25

Q3FY24

Q4FY24

Q1FY25

Q2FY25

Q3FY25

21

6

Robust Track Record of Financial Performance

Total Business

Gross Advances

Disbursements

Rs. Cr

Rs. Cr

Rs. Cr

1,82,346

1,92,352

1,42,128

1,50,957

1,63,743

86,966

80,426

72,092

1,22,572

95,040

59,418

61,816

54,800

24,533

FY21

FY22

FY23

FY24

Q3'FY25

FY21

FY22

FY23

FY24

Q3'FY25

FY22

FY23

FY24

9M 'FY25

Net Interest Income

Profit after Tax

Return Metrics

Rs. Cr

Rs. Cr

3,012

3,332

2,617

2,407

2,240

1,070

961

775

RoE

RoA

11.61% 12.13%

13.10%

FY21

FY22

FY23

FY24

9M 'FY25

FY21

FY22

FY23

FY24

9M 'FY25

62

45

1.07%

0.77%

0.07% 0.04%

0.91%

1.06%

0.72%

FY21

FY22

FY23

FY24

9M 'FY25

22

Key Areas of Focus

Enhancing Portfolio Resilience

Improving Branch Productivity

Cost Optimization

Growing non- branch Distribution & Leveraging Partnerships

Enhancing Control / Compliance Architecture

23

The Way Forward – Building ‘Frictionless Processes’ (1/4)

Build out of new automated digital channels continue – Implemented Digital Initiatives

Auto Renewal of AGRI KCC loan upto 50L

(Live from Nov 2024)

 Renewal of AGRI KCC proposals that can be easily facilitated at branches through simplified questionnaire.  Improved efficiency in renewal operations and improvement in the TAT.

LAP Power

(Live from Sep 2024)

 Automated STP platform for Loan Against Property (LAP) proposals.  Reduced TAT and Quick decision making through various automations including Integrated Bureau analysis capability.  Aimed at empowering entrepreneurs and enterprises for meeting their immediate business financial needs.

Power Drive

(Live from Sep 2024)

 First in- house developed End to End digital Journey to handle Vehicle Loan proposals  Multiple On-boarding channels like Branch, DSA, DST & Dealer.  Scorecard based underwriting with minimal data entry for Quick decision within 30 minutes.

LAP Power Phase II –

(Live from Dec 2024)

MSME Renewal Module in New LOS (up to INR 25 Cr)

(Live from Sep 2024)

 Enhanced mortgage STP application flow – LAP Power has been enriched. Workflow from approval to

disbursement with automation of important operations..

 Also added enhancements such as OD facility, multiple ITRs etc. to facilitate different business scenarios.

 MSME Renewal Module is made Live in New LOS platform with auto data fetch through APIs (CBS & Non-CBS)  Reduced TAT and Quick decision making with Minimal data entry .  Ensuring Credit quality through automation of various quality & compliance checks.

24

The Way Forward – Building ‘Frictionless Processes’ (2/4)

Build out of new automated digital channels continue – Ongoing Initiatives

Debt Consolidation- Power Consol  A system for consolidation of Debt’s with multiple loans or

multiple products with Single or Multiple Bank. Expected by Apr 2025



Global Education Loan: Simplified Process flow based system  Revamped product with attractive features

and a streamlined process. Strategic and resources set to positively impact growth Expected by Mar 2025

dedicated

tie-ups





field

Composite Power- Multi Facility SME loans up to 2 Cr.  Development phase of an STP enabled process flow for retail

MSME proposals with multiple facilities.

 Aims to minimize manual intervention through auto-validation

processes Expected by Feb 2025



Unified flow for handling proposals upto INR 10 lakhs – Micro Power  Program based process flow for handling proposals

from Micro, Small Business segment. Empowering Branches/Regional Offices for quick file disposal and faster on-boarding. Expected by Mar 2025





Affordable Housing Finance STP – Aawas Power  New STP based Loan Origination System for Affordable Housing loan proposals by Enhance offering faster decision making and streamlined processes. Expected by Apr 2025

experience

customer





25

Way Forward – Growing Non- branch Distribution & Leveraging Partnerships

(3/4)

Growing Non – Branch Distribution and Leveraging Partnerships

Asset Partnerships Qualified lead referral programs for Mortgage Loans

Co-lending partnership

SIB partners with CapFloat Financial Services Private Limited (axio) to offer seamless online checkout finance for Amazon customers, aiming to enhance its retail portfolio quality and expand its customer base.

Co-lending / DA platform

Strategic Tie-Ups (Live)

Debit Card EMI Program

Liability Partnerships

Fintech Partnership- allowing NTB customers to open deposit accounts

Digital sourcing of current accounts through referral programs

Co-lending

Partnerhip with Fintech for  Personal Loans  Gold Loans  MSME  CV/CE  Housing loan/LAP

Liability

Partnerhip with Fintech for

 Pure digital deposits through

various market places

 Connected Banking

Strategic Tie-Ups (Upcoming)

Asset Partnerhip with Fintech for  Personal Loan aggregation – 100:0

Model

 Loan against securities/ Mutual funds

through various market places

 Digital vehicle loan.

26

The Way Forward – Building ‘Frictionless Processes’ (4/4)

Improving Operating efficiency

1

Significant momentum in Retail Segment Home, Auto, Gold, Agriculture, CV/CE showing good traction

2

3

78:22 – Tooth to Tail Ratio Further progress expected during the financial year

Training/ Re-skilling of staff gathering pace 2,175 Staff trained in various programs against 1,631 in Q3’FY24

4

Expenses being tracked closely Expenses growth sequentially muted Overall headcount continues to shrink

27

Deep ESG focus – Promoting Sustainable & Environmentally friendly assets

GREEN DEPOSIT POLICY & GREEN FINANCING FRAMEWORK

Green deposits are a unique financial product that allows customers to align their savings with environmentally responsible initiatives

Statement of Portfolio-level information on the use of funds raised from green deposits as on 31.03.2024

Particulars

As on 31.03.2024 *

Total green deposits raised (A) Use of green deposit funds** (1) Renewable Energy   (2) Energy Efficiency (3) Clean Transportation

Solar Power Generation Wind Power Generation



Projects promoting electrification of transportation

Total Green Deposit funds allocated (B = Sum of 1 to 3) Amount of Green Deposit funds not allocated (C = A – B)

56.21

51.03 37.98 13.05

0.50

0.50

51.53

4.68

Details of the temporary allocation of green deposit proceeds pending their allocation to the eligible green activities/projects

The unallocated amount of Rs. 4.68 Crores is invested in Liquid Assets temporarily as on 31.03.2024

The Bank have installed 75 KW solar

plant and 150 KW solar plant is

awaiting commission in multiple

locations. Furthermore, plans are

underway for additional solar

installations

The Bank has commissioned 10 KLD sewage treatment plant at Kannur in this financial year and we already have 15 KLD plant at Administrative building Kakkanad. Installation of 75 KLD sewage treatment plant was completed as part of new building project and awaiting commissioning

 Steps taken to promote usage of EV by initiating the installation of 2 new DC fast charging stations at out New Administrative building at Kakkanad, Kochi

 The Bank has replaced old CFL lights with energy-efficient LED Lights in all bank owned premises.

The Bank employs a robust grading

model to assess environmental and

social risks, with emphasis on climate

risk for high-value credit, in

accordance with the thresholds

prescribed by ESMS Policy

The Human Resources Department

have imparted trainings for employees

on Human Rights, ESG Investing and

Green Finance through Bank’s E-

learning platform viz., I-learn

 CSR committee is made responsible for overseeing ESG activities of the Bank under ESG framework

the

 For effective reporting of BRSR and to review the ESG practices at the Bank, also Board appointed a professional agency for Business Responsibility and Sustainability Reporting

assisting

had

Note: KLD: Kilo Liter per Day; *As per RBI master direction RBI/2023-24/14 DOR.SFG.REC.10/30.01.021/2023-24 dated April 11, 2023, framework for acceptance of Green Deposits came into effect from June 1, 2023. The figures reported above correspond to the period from 01.06.2023 to 31.03.2024. ** Under each category, REs may provide sub-categories based on the funds allocated to each sub-sector.

28

TRANSFORMATION JOURNEY OF THE BANK

Significant transformation of business since Sep’2020

(INR Cr) Sep’20

65,349

(INR Cr) Dec’24

19,391

Churned around 78% of overall loan book since Oct’ 2020

67,574

New Book

Old Book

91% of Current GNPA is from Old book

Old Book

Old Loan Book

Current Book

Current Loan Book

New Book 9%

Current GNPA Split

Old Book 91%

66%

4.87%

2.53%

98%

Share of A+ rated Corporate Loans

GNPA

NNPA

Share of A+ rated Corporate Loans

4.30%

GNPA

1.25%

NNPA

17.54%

0.50%

GNPA Old book

GNPA New book

30

ANNEXURE

Profit & Loss Overview (Standalone)

Particulars (Rs. In Cr)

Net Interest Income

Non-Interest Income

Core Fee Income

Treasury & Forex

Other

Total Income

Operating Expenses

Operating Profit

Provisions & Contingencies

Profit Before Tax

Provision for Tax

Profit After Tax

Q3-FY25

Q3-FY24

Y-o-Y (%)

Q2-FY25

Q-o-Q (%)

869

447

226

57

164

819

452

178

158

116

1,316

1,271

787

529

66

463

121

342

788

483

48

435

130

305

6%

-1%

27%

-64%

41%

4%

0%

10%

38%

6%

-7%

12%

882

449

229

106

114

1,332

781

550

110

440

116

325

-1%

0%

-1%

-46%

44%

-1%

1%

-4%

-40%

5%

4%

5%

32

Balance Sheet Overview (Standalone)

Particulars (Rs. In Cr)

Q3 FY25

Q3 FY24

Y-o-Y (%)

Q2 FY25

Q-o-Q (%)

Capital & Liabilities Capital Reserves and Surplus Deposits Borrowings Other Liabilities & Provisions Assets Cash & Balances with RBI Balances with Banks Investments Advances Fixed Assets Other Assets Business (Advances + deposits) Current Accounts Savings Accounts CASA Ratio

1,20,860 262 9,474 1,05,387 2,956 2,781 1,20,860 5,202 2,630 23,416 84,396 1,007 4,209 1,89,783 5,927 26,903 31.15%

1,13,514 209 7,185 99,154 4,213 2,753 1,13,514 5,056 1,823 25,335 75,340 931 5,029 1,74,495 5,502 26,027 31.80%

6% 25% 32% 6% -30% 1% 6% 3% 44% -8% 12% 8% -16% 9% 8% 3% -65 bps

1,20,364 262 9,133 1,05,451 2,609 2,909 1,20,364 5,785 5,160 21,789 82,174 989 4,467 1,87,626 6,373 27,158 31.80%

0% 0% 4% 0% 13% -4% 0% -10% -49% 7% 3% 2% -6% 1% -7% -1% -65 bps

33

Key Metrics

Particulars

Q3FY25

Q2FY25

Q1FY25

Q4FY24

Q3FY24

Q2FY24

Q1FY24

Net Interest Margin (NIM)

3.19%

3.24%

3.26%

3.38%

3.19%

3.31%

3.34%

CRAR Basel III

18.00%

18.04%

18.11%

19.91%

15.60%

16.69%

16.49%

RoA*

RoE

Provision Coverage

CASA

Gross NPA

Net NPA

Book Value per Share (Rs.)

Earnings per Share (Rs.) *

Customer Touch Points

Kerala

South Ex Kerala

Rest of India

Total

*Annualized

1.12%

13.93%

81.07%

31.15%

4.30%

1.25%

37.2

4.9

1.07%

13.71%

80.72%

31.80%

4.40%

1.31%

35.9

4.7

499

283

168

950

501

284

170

955

1.00%

12.90%

79.22%

32.06%

4.50%

1.44%

35.0

4.5

501

284

170

955

0.98%

13.11%

79.10%

32.08%

4.50%

1.46%

33.7

5.1

501

284

170

955

1.07%

16.38%

77.97%

31.80%

4.74%

1.61%

35.3

5.0

500

283

165

948

0.97%

15.38%

77.82%

32.03%

4.96%

1.70%

33.9

4.6

500

280

164

944

0.73%

11.80%

76.54%

32.64%

5.13%

1.85%

32.9

3.9

499

279

163

941

34

Non-Performing Assets

GNPA & NNPA

GNPA

NNPA

Improving Credit Quality

Ever 30+ at 6 MOB* (Excl. corporate)

4.74%

4.50%

4.50%

4.40%

4.30%

1.50%

1.20%

0.90%

0.80%

1.61%

1.46%

1.44%

1.31%

1.25%

Q3FY24

Q4FY24

Q1FY25

Q2FY25

Q3FY25

0.70%

0.80%

0.43%

0.90%

0.90%

Q1FY23 Q2FY23 Q3FY23 Q4FY23 Q1FY24 Q2FY24 Q3FY24 Q4FY24 Q1FY25

* Ever 30 at 6 MOB is defined as the sum of the original principal of loans that are ever 30+ within 6 months on book in that cohort, divided by the sum of the original principal of all loans in that cohort. The reported numbers have changed due to exclusion of certain assets which were rebooked and reclassified as New Book for operational convenience.

Rs. Cr

Opening

Additions

Deductions

Closing

GNPA Movement

NNPA Movement

Q3FY24

Q4FY24

Q1FY25

Q2FY25

Q3FY25

Q3FY24

Q4FY24

Q1FY25

Q2FY25

Q3FY25

3,714

3,682

3,620

3,720

3,731

1,234

1,212

1,135

1,152

1,073

306

337

289

351

346

246

321

309

297

293

185

207

211

289

250

233

195

274

195

212

3,682

3,620

3,720

3,731

3,736

1,212

1,135

1,152

1,073

1,056

35

Provisions

Rs. Cr

For NPA & NPI

For Standard Assets

For Restructured Advances/Sacrifices & FITL

For Unhedged Forex Exposure

Others

Taxes

Total Provisions

Q3FY25

Q2FY25

Q1FY25

Q4FY24

Q3FY24

71

2

(6)

(2)

1

121

187

148

(7)

(30)

(1)

-

116

226

120

(2)

(11)

1

5

101

214

41

7

(9)

1

1

105

146

46

(10)

(15)

-

28

129

178

36

Slippages & Collection Efficiency

Slippage Ratio

0.41

0.34

0.35

0.36

0.33

99.8%

100.1%

Collection Efficiency

100.2%

99.1%

100.8%

Q3FY24

Q4FY24

Q1FY25

Q2FY25

Q3FY25

Q3FY24

Q4FY24

Q1FY25

Q2FY25

Q3FY25

Rs. Cr

Agriculture

Business Loans

Personal Segment

Corporate

Total

Segment wise GNPA

Segment wise Slippages

Q3FY24

Q4FY24

Q1FY25

Q2FY25

Q3FY25

Rs. Cr

New Book

Old Book

Q3FY25

490

2,152

542

498

464

2,120

568

469

530

2283

484

424

562

2,113

617

439

543

Agriculture

2,070

Business Loans

628

494

Personal Segment

Corporate

5

5

86

29

33

84

20

28

3,682

3,620

3,720

3,731

3,736

Total

126

165

39

89

106

57

291

37

Stressed Assets

Restructured Standard Assets

Sectoral Break-up

Rs. Cr

894

772

664

476

404

Dec'23

Mar'24

Jun'24

Sep'24

Dec'24

16%

10%

0%

On account of MSME restructuring

General - DCCO Extension

43%

31%

OTR COVID Personal Segment

OTR COVID MSME

OTR COVID Corporate

COVID One Time Restructuring

Security Receipts

Rs. Cr.

MSME

Personal loans

Other exposures

Total

Covid 1.0

Covid 2.0

Total

65

4

45

114

107

120

20

248

172

124

65

362

Security Receipts Outstanding as on Dec 31, 2024 (Rs. Cr)

Book Value

82.76

Provision

82.76

NAV

-

38

Investment Book

SLR & NON-SLR

Treasury & Forex Income *

Rs. in Cr

Q3FY24

Q4FY24

Q1FY25

Q2FY25

Q3FY25

SLR

NON-SLR

Total

22,937

3,718

21,616

20,728

20,379

21,737

3,663

2,177

1,483

1,785

26,654

25,279

22,905

21,862

23,522

M Duration

4.48

4.60

4.69

4.81

3.97

99

14

89

74

13

14

52

10

60

7

Dec'23

Mar'24

Jun'24

Sep'24

Dec'24

Dec'23

Mar'24

Jun'24

Sep'24

Dec'24

Forex

Profit from sale of Investment

* Excludes depreciation on Investments

39

Capital Composition

Risk Weighted Assets

Total Capital Adequacy Ratio is well above minimum regulatory requirement of 11.50%

CET 1

15.70%

18.04%

1.41%

16.63%

Sep'24

15.75%

Tier 1

Tier 2

18.00%

1.32%

16.68%

Dec'24

Total Risk weighted assets to Total assets stands at 44.26% as on December 31, 2024

Rs. Cr

Total Capital

Tier I

Of which CET 1

Tier II

Risk Weighted Assets

Risk Weighted Assets

Sep’24

9,691

8,935

8,435

756

53,730

Dec’24

9,629

8,925

8,425

704

53,497

Basel III

Tier 1

Tier 2

19.91

2.26%

18.11

1.40%

18.04

1.41%

18.00

1.32%

17.65%

16.71%

16.63%

16.68%

15.60

2.23%

13.37%

Dec'23

Mar'24

Jun'24

Sep'24

Dec'24

40

Strong Management Team

Mr. P R Seshadri MD & CEO, 31 years ● Bachelor’s degree in Engineering from the Delhi College of Engineering and

a Post Graduate Diploma in Management from IIM Bangalore.

● An accomplished banker with more than 30 years of experience in Retail

sales, distribution and lending business. Previously MD&CEO of Karur Vysya Bank, MD and Regional Sales and Distribution head Citibank N.A, Asia pacific, Singapore. MD and Regional head of lending businesses, Citibank N.A, Asia Pacific, Singapore.

Mr. Anto George T Chief Operating Officer, 35 years ● MBA in Human Resource management, Associated with SIB for more than

28 years.

● Head of HR, Handled Branch banking, Internal Audit & Vigilance, Fraud

Management, Regional Head and Retail Banking.

Mr. Sony A SGM & CIO, 33 years ● Certified Information Systems Auditor from ISACA, USA and MBA. Over 28 years of experience in banking technology. Instrumental in setting up key systems like Business Process.

● Management tools, CRM systems, Treasury & Risk Management. Leads the payment channels such as UPI, IMPS, Bharat QR, Bhim Aadhaar etc in the Bank.

Mr. Dolphy Jose Executive Director, 30 years ● More than 30 years of experience , MBA in General Management ● Two decades of association with Kotak Mahindra Bank, with expertise in

both Retail assets and liabilities, branch banking, P&L management, building distribution, establishing strategic partnerships including Co-Lending and focusing on non branch business.

Mr. Sanchay Kumar Sinha CGM & Head Retail Assets, 31 years ● More than 30 years of extensive experience in retail distribution and institutional sales in industries like financial services, logistics and office automation.

● Associated with HDFC Bank, IndusInd Bank & Mahindra & Mahindra Ltd; through

Prolific experience in distribution and product management branches, direct sales, telesales and partners

Ms. Biji S S SGM & Head Branch Banking, 31 years ● MBA in HRM; Associated with SIB for more than 28 years ● Previously headed CBG, Secured Retail, Co-lending and SCF. Managed relationship with mid and large corporate clients in various regions of the Bank and vast experience in Branch banking. Successfully led the largest region of the Bank.

41

Strong Management Team

Mr. Senthil Kumar SGM & Head Credit, 29 years ● Management graduate with 27 years of experience in banking and finance ● 21 years of experience with ICICI Bank across Sales, Credit, Product,

Recovery and Collection functions

Ms. Minu Moonjely SGM & Head Corporate Business Group, 29 years ● Post Graduate in Commerce, CAIIB and Advanced Management in Banking

and Finance by IIBF. Associated with SIB for more than 28 years.

● Previously headed Credit Underwriting. Experienced banking professional with extensive expertise in Credit analysis, Risk management, Foreign exchange and Branch banking. Also headed the largest MSME region of the Bank.

Mr. Sivaramam K GM & Head Business Operations Group, 32 years ● Associated with SIB for more than 28 years ● Rich experience in Branch Banking, Headed major regions of the bank,

Credit Policy, Mid / Large Corporate CPC’s.

Ms. Chithra H SGM & Chief Compliance Officer, 32 years ● Fellow member of the Institute of Chartered Accountants of India &

Certified Associate of the Indian Institute of Banking & Finance

● Associated with SIB for over 29 years. Rich experience in the field of Finance, Compliance, Risk, Treasury Back office, Branch operations and Regional Head.

Mr. Nandakumar G SGM & Chief of Internal Vigilance, 33 years ● Associated with SIB for more than 28 years. Head of Inspection and

Vigilance

● Vast experience across business functions like Branch/RO management, Retail Banking including Bancassurance and Marketing. Headed three large metro regions of the Bank.

Mr. Vinod A N GM & Head of Treasury, 30 years ● Associated with Kotak Group & SBI during last 28 years. Masters in Financial Management (MFM) from JBIMS, Mumbai with more than 28 years of experience In Banking & Financial Markets.

● Has Treasury & Fund Management experience of 20 years in Money markets, Forex & Derivatives, Fixed Income & Equity Markets in the Front Office Dealing Room at SBI & Kotak Mahindra Bank.

42

Strong Management Team

Mr. Nehru Singh B GM & Head – Credit Quality Assurance, 28 years ● MBA &CAIIB qualified, Has 27+ years of experience in the Banking Industry, extensively in non-retail credit. Previously worked in Axis Bank and was steering the complete life cycle of non-retail credit relationship after sanction of facilities. Provided first line of control to the Bank in overseeing effective management of various processes, including credit operations and monitoring.

Mr. Shibu K Thomas GM - IT, 25 years ● Bachelors Degree in Engineering with certification in cyber security ● Experienced IT and cyber security professional with more than 25 years of

combined IT/cyber security experience.

Mr. Biju E. Punnachalil GM & Chief Risk Officer, 32 years ● Post Graduate in Physics, CFP®

by FPSB, Certified Associate of the Indian Institute of Banking & Finance & Diploma in Treasury, Investment and Risk Management.

● Associated with SIB for more than 28 years. Rich experience in the field of

Branch Banking, Treasury & Forex Operations and Risk Management

Mr. Mohan T M GM & Head Legal Department, 35 years ● B.Com, LL.B Graduate. Also completed CAIIB and CS (Inter) ● More than 29 years of experience in Banking. Previous experience of more than 6 years with Income Tax Appellate Tribunal and Apollo Tyres Ltd. Heading Legal Department of SIB for more than 11 years

Mr. Jimmy Mathew GM & Company Secretary, 19 years ● B. Com, ACS, ACMA, Certified CSR Professional,

ICSI Post Membership Qualification in Corporate Governance and Certified Associate of the Indian Institute of Banking & Finance.

● Associated with SIB for more than 14 years. Proficient in handling various corporate law and Secretarial matters. Before joining the Bank has 4 years’ experience as Company Secretary in other organisations.

Mr. Vinod Francis GM & Chief Financial Officer, 19 years ● Associated with SIB for over 18 years. Rich experience in the field of

Finance, Credit, Branch Operations

● Associate member of the ICAI and Certified Associate of the Institute of

Banking & Finance

43

THANK YOU