The South Indian Bank Limited has informed the Exchange about Investor Presentation
DEPT: SECRETARIAL REF. No. : SEC/ST.EX.STT/23/2025-26 DATE : May 15, 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 in respect of financial results of The South Indian Bank Limited for the quarter/financial year ended 31st March, 2025.
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.: as above
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
This presentation (the "Presentation") has been prepared by The South Indian Bank Ltd., (the "Company") for informational purposes only. 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.
No part of this Presentation should be construed as investment advice or a recommendation to buy or sell any securities or to engage in any investment strategy. The information provided does not constitute legal, tax, or financial advice and should not be relied upon as such. Investors should conduct their own due diligence and consult with qualified financial and legal advisors before making any investment decisions. The Company makes no representations or warranties regarding the completeness or accuracy of the information contained in this Presentation, and to the fullest extent permitted by law, the Company shall not be liable for any loss, damage, or expense of any kind arising from reliance on this information. 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 cannot 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
3
BRIEF SNAPSHOT
A Year of Transformation
Major Highlights for the Financial Year 2024-25
Highest ever
NII Rs. 3486 crore
Other Income Rs. 1813 crore
PPOP Rs. 2270 crore
Net Profit Rs. 1303 crore
PCR (Incl. w/off) 85.03%
Significant indicators of progress….
RoA 1.05%
RoE 12.90%
GNPA 3.20%
NNPA 0.92%
Slippage Ratio 1.31% (Annualized)
Transformation in progress ….
Enhanced ease of doing business
Built new customer facing systems & processes
Significant investment in training. Focus on culture change
Active management of cost, reducing the CIR by 431 bps
Achieved positive operative leverage in current financial year. 5
5
Performance Highlights (1/2)
FY25 Rs. 87,579 Cr
Rs. 1,63,270 Cr
Rs. 1,07,526 Cr
Rs. 104,750 Cr
31.37%
Gross Advances
Disbursements
Deposits
Retail Deposits
CASA %
Large Scale of Operations
FY24 Rs. 80,426 Cr
Rs. 95,040 Cr
Rs. 101,920 Cr
Rs. 97,743 Cr
32.08%
Q4FY25 Rs. 342 Cr
Profit After Tax
Rs. 288 Cr Q4FY24
3.21%
Net Interest Margin
3.38%
1.11%
13.74%
Return on Assets
Return on Equity
0.99%
13.11%
Consistently Delivered Robust Shareholder Returns
6
Performance Highlights (2/2)
Healthy Asset Quality
Q4FY25 948
Branches
Q4FY24 955
Q4FY25 3.20%
GNPA
Q4FY24 4.50%
0.92%
NNPA
1.46%
85.03%
PCR (incl. w/off)
71.77%
PCR (excl. w/off)
79.10%
68.66%
19.31%
CRAR
19.91%
9,369
26 / 4
Employees
States / UTs
9,836
26 / 4
98.2%
Digital Transactions
97.5%
Multi-pronged distribution
7
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
9
1
Diversified Loan Book with granularity and strong growth in disbursements
Consistently growing loan book….
…and Disbursements
Rs. Cr
Rs. Cr
80,426
82,580
9%
84,714
86,966
87,579
Cumulative for the quarter
1,63,270
1,22,572
95,040
76,872
33,482
Q4'FY24
Q1'FY25
Q2'FY25
Q3'FY25
Q4'FY25
Q4'FY24
Q1'FY25
Q2'FY25
Q3'FY25
Q4'FY25
With a diversified portfolio…
Well diversified loan book with ~60% other than corporates
Business Loans 14%
Corporate 41%
Q4’FY25 Rs 87,579 Cr
Agriculture 19%
Personal Segment 26%
Advances excl. GNPA Rs. Cr
..and granular book
Advances split by Ticket Size
<5 Cr
5-25 Cr
25-100 Cr
>100 Cr
76,806
24% 9% 12%
55%
83,230
26% 10% 11%
53%
84,779
28% 9% 11%
52%
Mar'24
Dec'24
Mar'25
10
Consistent growth momentum in retail advances continues
Personal Segment
Rs. Cr
17,639
19,188
27%
21,353
22,143
22,405
Mortgage Loans*#
Home Loans*
Rs. Cr
102%
3,814
Rs. Cr
55%
7,877
1,885
5,083
Mar'24
Jun'24
Sep'24
Dec'24
Mar'25
Mar'24
Mar'25
Mar'24
Mar'25
Mix of Personal Segment
Auto Loans
Gold Loan (Incl Agri)
Housing* 35%
Mortgage*# 17%
Retail Gold, 14%
Others, 2%
Loan against Deposit, 7%
Credit Card, 6%
Vehicle, 9%
Personal Loan, 10%
* Includes IBPC and Portfolio Buyout # Includes remapping of ML from B Segment
Rs. Cr
24%
1,599
1,987
Rs. Cr
9%
15,513
16,982
Mar'24
Mar'25
Mar'24
Mar'25
11
Consistent growth momentum in advances continues
Rs. Cr
37%
Healthy growth in Avg. Advances
62,625
63,877
67,353
69,235
71,016
72,379
78,449
74,693
80,387
82,197
83,495
86,061
Growth of 10%
Q1FY23
Q2FY23
Q3FY23
Q4FY23
Q1FY24
Q2FY24
Q3FY24
Q4FY24
Q1FY25
Q2FY25
Q3FY25
Q4FY25
Rs. Cr
....increased loan disbursals
43,390
45,700
40,698
33,482
29,233
12,535
13,534
10,863
22,106
21,349
22,342
17,835
Q1FY23
Q2FY23
Q3FY23
Q4FY23
Q1FY24
Q2FY24
Q3FY24
Q4FY24
Q1FY25
Q2FY25
Q3FY25
Q4FY25
12
Branch Value Added – Same Store Sales
Branch Value Added
SVA (Indexed)
157.4%
100.0%
116.7%
108.5%
90.0%
Q4FY24
Q1FY25
Q2FY25
Q3FY25
Q4FY25
Same Store Sales are compared by computing the NPV of new product sales / incremental balances in existing accounts basis historical trends. These are compared over time. It may be noted that the value addition imputed in this process assumes the behaviour of new accounts would mimic historical trends. Therefore, this process is inherently inexact and comparison over time may not be entirely appropriate. This inherent limitation must be kept in mind while analyzing the data contained above. The above figures are rebased to 100 as on Q4 FY24.
Branch Value Added – Region wise
165.8%
160.8%
151.9%
127.8%
115.3%
114.0%
119.1%
100.0% 100.0% 100.0%
86.7%
98.2%
108.3%
103.0%
79.9%
Q4FY24
Q1FY25
Q2FY25
Q3FY25
Q4FY25
Kerala
South - Ex Kerala
Rest of India
Branch Value Added – Geography wise
176.4%
159.0%
155.1%
149.7%
129.4%
115.7%
108.7%
113.8%
113.0%
111.3%
100.9%
94.3%
Q2FY25
Q3FY25
Q4FY25
100.0% 100.0% 100.0% 100.0%
Q4FY24
100.4%
107.9%
93.1%
80.8%
Q1FY25
METRO
URBAN
SEMI URBAN
RURAL
13
Dominant share of A & above rated corporate loans
Corporate Loan Book
Standard Large Corporate Advances (Rs. 100 Cr & Above)
33,984*
33,961*
34,956*
36,198 *
Rs. Cr
24,066
Standard Large Corporate Advances, 27%
18,539
Others, 73%
Rs. Cr
32,084
Mar'24
Jun'24
Sep'24
Dec'24
Mar'25
Mar'24
Mar'25
Rs. Cr
Standard Advance above Rs. 100 Cr (External Rating)
< BBB
BBB
A
AA
AAA
Mar’25
99.7 %
High share of A & Above rated Large Corporate Loans**
57.8%
2.0%
34.2%
6.0%
0.0%
0.7%
Mar'24
65.3%
27.3%
Jun'24
5.5%
1.3%
0.4%
65.6%
28.8%
Sep'24
66.0%
64.4%
5.2%
0.0%
0.4%
29.4%
4.2%
0.0%
0.0%
31.6%
3.7%
0.3%
Dec'24
Mar'25
*Figures after remapping as on 01-04-2024; **Does not include exposure to unrated state government owned entity
A & Above rated Large Corporate Loans
14
MSME Loans comprise mainly of High-Yield Portfolio
Focus on MSME loans…
MSME Strategic Initiatives
Rs. in crore
MSME/SME
Others
Total
01-Apr-24* Jun-24 Sep-24 Dec-24 Mar-25# 9,698
9,958 9,691
9,317
9,443
Dedicated Vertical
MSME customers relationship managed by dedicated team with Relationship Managers and Sales Managers.
3,506 3,387
3,471 3,725
2,988
13,464 13,078 12,914 13,042
12,686
Sales Incentives
Introduced performance-driven reward system to incentivize ECG front end sales team by focusing on disbursement.
* Figures after remapping on 01-04-2024 # includes write off of 546 crore
….while creating a granular and diversified book
Average MSME Loan/Account
51.3
52.6
52.5
51.78
Rs. Lakhs
47.1
Mar'24
Jun'24
Sep'24
Dec'24
Mar'25
Geographical Split
South (ex-Kerala), 38%
Mar’25 – Rs. 12,686 Cr
Kerala, 40%
Rest of India, 22%
Focus on Sector- Based Lending
Skill Building Program
Tech-enabled Renewals
Revamped ML Product
Branch Empowerment
To drive targeted growth and manage risk effectively, we are strategically focusing on sector-based lending.
A structured skill-building initiative for MSME teams has been implemented, focusing on portfolio quality and superior customer experiences.
Transaction-based renewals were enabled through technology for hassle-free renewal of borrower accounts
New ML product and system launched to improve market position
Bank branches are empowered to handle small-value MSME loans with the support of on-the-ground technology for faster sanctioning.
Streamlined Loan Processes
A revised Straight Through Process (STP) model, enabling quicker disposal of small-ticket loans and GST-based Overdraft facilities up to Rs. 2 Cr, with a TAT of one day, ensuring best-in-class credit delivery.
15 15
2
Pan India presence with focus on diversification
Q4’FY25
Has a network of 948 Branches across India
Q3’FY25 Branch Split*
11%
21%
49%
Metropolitan
Semi-Urban
19%
Urban
Rural
No. Of Branches
100+ 50-100 20-50 10-20
*Map for illustration purpose only
Diversifying Loan Book Outside Kerala
Q4’FY24
Loan Book Rs. 80,426 Cr
Kerala, 35%
Rest of India, 31%
South (Ex- Kerala), 34%
Expanding book outside Kerala
Q4’FY25
Loan Book Rs. 87,579 Cr
Kerala, 30%
Rest of India, 37%
South (Ex- Kerala), 33%
1. Excludes 5 USBs & Satellite branches
Branch Network
Branches1
955
948
Q4FY24
Q4FY25
ATM / CRM
1,321
1,280
Q4FY24
Q4FY25
Customers
8.0
7.6
Mn
Q4FY24
Q4FY25
16
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%
5.90%
2.97%
GNPA
NNPA
5.14%
1.86%
4.50%
1.46%
Rs. Cr
1,814
1,464
1,642
1,534
3.20%
0.92%
690
Mar-21
Mar-22
Mar-23
Mar-24
Mar-25
FY21
FY22
FY23
FY24
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%
85.0%
71.8%
Mar-21
Mar-22
Mar-23
Mar-24
Mar-25
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
288
0.3%
Mar-25
17
4
Well Distributed Deposit Base with focus on low cost deposits
Breakup of Deposits
CASA Ratio continues to hold…
Rs. Cr
101,920
103,532
105,451
105,387
107,526
% Deposits
32.08%
32,693
32.06%
33,195
31.80%
33,530
31.15%
32,830
Rs. Cr
31.37% 33,730
65,050
66,550
68,120
69,590
71,021
26,618
27,282
27,158
26,903
27,699
6,075 4,177
5,913 3,787
6,373 3,800
5,927 2,966
6,030 2,776
Q4'FY24
Q1'FY25
Q2'FY25
Q3'FY25
Q4'FY25
Q4'FY24
Q1'FY25
Q2'FY25
Q3'FY25
Q4'FY25
CASA AQB continues to grow consistently….
Rebased to 100
104
100
106
105
105
Q4FY24
Q1FY25
Q2FY25
Q3FY25
Q4FY25
Bulk
Current
Savings
Retail Term
18
NRI Deposit continues to be a focus with stable Cost of Funds
Breakup of Non Resident Deposits
Rs. Cr
Deposit Type
Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25
NR SB
NR CD
7,042
7,120
7,178
7,424
7,480
57
57
58
59
55
Cost of Funds / Yield on Funds
Cost Of Funds
Yield on Funds
7.78
4.79
7.85
4.91
7.68
4.80
7.64
4.84
7.83
4.96
Q4'FY24
Q1'FY25
Q2'FY25
Q3'FY25
Q4'FY25
FCNR (B), RFC & Others
2,337
2,359
2,387
2,517
2,787
Yield on advances/ Yield on Investments / Cost of Deposits
Low-Cost NRI Deposit
9,436
9,536
9,623
10,000
10,322
Yield on Advances
Yield on Investments
Cost of Deposits
NRE Term Deposit
19,105
19,390
19,624
19,859
19,946
NRO Term Deposit
1,156
1,177
1,241
1,273
1,334
Total
29,697
30,103
30,488
31,132
31,602
9.34%
6.29%
9.19%
6.52%
9.06%
6.42%
9.01%
6.48%
5.33%
5.40%
5.35%
5.42%
9.02%
6.88%
5.58%
Q4'FY24
Q1'FY25
Q2'FY25
Q3'FY25
Q4'FY25
19
5
Multitude of Digital Initiatives…
Fast Lifestyles need faster banking
Taken various digital initiatives…
Invest in instant FD online No Savings account needed
Insured by DICGC
100% digital process
Personal Loan in 10 minutes End to End digital process
Flexible Loan amount and tenure
Instant approval and disbursal
Purchase using your debit card and choose to pay in installments with Debit Card EMI facility
Receive loan due intimations on WhatsApp promptly
Seamlessly make digital payments to Karnataka Treasury using internet banking
A new website provision for customers to quickly register NACH mandate for their Loan accounts
Driving customer empowerment through continuous digital transformation…
Update account nomination through digital channels
Opt for PMJJBY/PMSBY digitally. Buy ICICI or Go Digit insurance via digital channels bundled with personal loans- fully digital
With SIB UPI integrations, convenient offerings to Tirupathi, Attukal temples & Archdiocese of Goa & Daman Basilica
20
….leading to rising digital banking…..
(000)’s
Daily average Transactions through digital channel
% total transactions
..leading to a rise in transactions with high digital share
3,143
97.5%
Mar'24
3,133
97.8%
Jun'24
3,431
98.0%
3,728
98.2%
3,873
98.2%
Sep'24
Dec'24
Mar'25
Internet Transaction Volume
Mobile Transaction Volume
(000)’s
2,139
2,136
1,935
1,806
1,749
158
164
178
192
197
Mn
Mar'24
Jun'24
Sep'24
Dec'24
Mar'25
Mar'24
Jun'24
Sep'24
Dec'24
Mar'25
21
….creating operational efficiency
Employee Additions
Cost-to-Income Ratio (Quarterly)
Q4FY24
Q1FY25
Q2FY25
Q3FY25
Q4FY25
-91
-78
-55
-66
64.5%
60.6%
58.7%
59.8%
52.6%
-214
Q4FY24
Q1FY25
Q2FY25
Q3FY25
Q4FY25
Improving productivity metrics
Rs. Cr
17.7
Business per Employee
20.0
20.4
19.1
19.4
Rs. Cr
178
Business per Branch
193
191
196
198
Q4FY24
Q1FY25
Q2FY25
Q3FY25
Q4FY25
Q4FY24
Q1FY25
Q2FY25
Q3FY25
Q4FY25
22
6
Robust Track Record of Financial Performance
Total Business
Gross Advances
Disbursements
Rs. Cr
Rs. Cr
Rs. Cr
1,95,104
1,82,346
1,42,128
1,50,957
1,63,743
59,418
61,816
87,579
80,426
72,092
1,63,270
95,040
54,800
24,533
FY21
FY22
FY23
FY24
FY25
FY21
FY22
FY23
FY24
FY25
FY22
FY23
FY24
FY25
Net Interest Income
Profit after Tax
Return Metrics
Rs. Cr
Rs. Cr
3,332
3,486
3,012
2,407
2,240
1,303
1,070
775
FY21
FY22
FY23
FY24
FY25
FY21
FY22
FY23
FY24
FY25
62
45
RoE
RoA
11.61% 12.13%
12.90%
1.07%
0.77%
0.07% 0.04%
0.91%
1.05%
0.72%
FY21
FY22
FY23
FY24
FY25
23
Key Areas of Focus
Enhancing Portfolio Resilience
Improving Branch Productivity
Cost Optimization
Growing non- branch Distribution & Leveraging Partnerships
Enhancing Control / Compliance Architecture
24
The Way Forward – Building ‘Frictionless Processes’
Build out of new automated digital channels continue – Implemented Digital Initiatives
GST Power (Live from Apr 2024)
STP Model to manage the entire process for MSME OD from ₹10 lakh to ₹200 lakhs
LAP Power (Live from Sep 2024)
Automated STP platform for Loan Against Property (LAP) proposals
Power Drive (Live from Sep 2024) In-house developed STP process flow for Vehicle Loan proposals
Composite Power (Live from Apr 2025)
STP enabled process flow for retail MSME credit proposals with multiple facilities (incl. non funded)
Gold Loan Digitalization Process (Live from Mar 2025) Digitalization of Gold loan on- boarding process and documentation with e-sign feature
Aawas power
(Live from May 2025)
STP-based LOS for Affordable housing loan proposals
Power CONSOL (Live from May 2025)
STP to handle proposals intended to consolidate and realign credit exposure of approaching customers
Edu Power (Live from May 2025)
Revamped with attractive features and streamlined process, for overseas education finance
Micro Power (Live from Mar 2025)
Unified STP flow, for handling MUDRA & SIB UDAY proposals up to 10 lakhs
Simplified Renewal process for WC Limits (Live from Jan 2025) Simplified Loan process flow to handle MSME renewals for limits between 2-5 Crores
Transaction Based Renewal (Live from Apr 2025) Phase III of (TBR) process flow to route Working Capital renewal proposals up to 2 Crores
Auto Renewal of AGRI KCC (Live from Nov 2024)
Application module for renewal of AGRI KCC proposals upto 50 lakhs
25
Way Forward – Growing Non- branch Distribution & Leveraging Partnerships
Growing Non – Branch Distribution and Leveraging Partnerships
Asset Partnerships Qualified lead referral programs for Mortgage Loans
Liability Partnerships
Co-lending partnership
Fintech Partnership- allowing NTB customers to open deposit accounts
Strategic Tie-Ups (Live)
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.
www
Co-lending / DA platform
Digital sourcing of current accounts through referral programs
s
Pure play –Inhouse products
Strategic Tie-Ups (Live)
Debit Card EMI Program
Loan against Mutual fund
In-house solutions for Digital deposits and Digital Personal loans.
26
A Transformation in Progress
• Working towards building a ‘customer centric’ branch engaging small businesses and individuals in
the neighbourhood of the branches.
• 97% of Branch Heads received focused training on small businesses to enable appropriate support for
these entities
• Staff trained to enable empathetic, customer focused interactions in Branch with every customer type
• Extensive use of external training resources to effect change in mindset
Emp. Category
Executives Officers CSAs
SIBOSL/Outsourced
Total Nos. Trained
Internal FY2024-25
External FY2024-25
Total FY2024-25
Internal FY2023-24
External FY2023-24
Total FY2023-24
9 2904 2262
571
5746
117 2054 195
0
2366
126 4958 2457 571
8112
9 3871 1717
500
6097
142 820 35
0
997
151 4691 1752
500
7094
27
The Way Forward – Building ‘Frictionless Processes’
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 1,304 Staff trained in various programs against 1,209 in Q4’FY24
4
Expenses being tracked closely Expenses growth sequentially muted Overall headcount continues to shrink
28
TRANSFORMATION JOURNEY OF THE BANK
Significant transformation of business since Sep’2020
(INR Cr) Sep’20
65,349
(INR Cr) Mar’25
16,973
Churned around 81% of overall loan book since Oct’ 2020
Old Book
Old Loan Book
70,606
New Book
Old Book
88% of Current GNPA is from Old book
Current Book
Current Loan Book
New Book 12%
Current GNPA Split
Old Book 88%
66%
4.87%
2.53%
98%
Share of A+ rated Corporate Loans
GNPA
NNPA
Share of A+ rated Corporate Loans
3.20%
GNPA
0.90%
NNPA
14.56%
0.46%
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
Q4-FY25 Q4-FY24
Y-o-Y (%) Q3-FY25 Q-o-Q (%) FY 2025
FY 2024
Y-o-Y (%)
868
572
194
81
297
875
346
191
80
75
1,440
1,221
757
683
224
459
117
342
787
434
41
393
105
288
-1%
65%
2%
1%
296%
18%
-4%
57%
446%
17%
11%
19%
869
410
188
57
165
1,279
750
529
66
463
121
342
0%
40%
3%
42%
80%
13%
1%
29%
239%
-1%
-3%
0%
3,486
1,813
758
272
783
5,299
3,029
2,270
513
3,332
1,515
701
352
462
4,847
2,979
1,868
339
1,757
1,529
454
459
1,303
1,070
5%
20%
8%
-23%
69%
9%
2%
22%
51%
15%
-1%
22%
*Based on the revised agreement with the credit card partner, during the current quarter bank had netted off certain credit card income and expenses. Accordingly the previous period figures are also re classified. The figures for the quarters are Q2 – 39.35 crore, Q3 – 38 crore, Q4 – 42 crore
32
Balance Sheet Overview (Standalone)
Particulars (Rs. In Cr)
Q4 FY25
Q4 FY24
Y-o-Y (%)
Q3 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 (Net Advances + Deposits) Current Accounts Savings Accounts CASA Ratio
1,24,655 262 9,838 1,07,526 4,300 2,729 1,24,655 5,098 7,162 21,777 85,682 1,018 3,918 1,93,208 6,030 27,699 31.37%
1,17,413 262 8,562 101,920 3,912 2,757 1,17,413 6,660 3,363 23,977 78,061 966 4,386 1,79,981 6,075 26,618 32.08%
6% 0% 15% 6% 10% (1%) 6% (23%) 113% (9%) 10% 5% (11%) 7% (1%) 4% (71 bps)
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%
3% 0% 4% 2% 45% (2%) 3% (2%) 172% (7%) 2% 1% (7%) 2% 2% 3% 22 bps
33
Key Metrics
Particulars
Q4FY25
Q3FY25
Q2FY25
Q1FY25
Q4FY24
Q3FY24
Q2FY24
Q1FY24
Net Interest Margin (NIM)
3.21%
3.19%
3.24%
3.26%
3.38%
3.19%
3.31%
3.34%
CRAR Basel III
19.31%
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
1.11%
13.74%
85.03%
1.12%
13.93%
81.07%
1.07%
13.71%
80.72%
31.37%
31.15%
31.80%
3.20%
0.92%
38.6
5.0
4.30%
1.25%
37.2
4.9
4.40%
1.31%
35.9
4.7
498
282
168
499
283
168
501
284
170
948
950
955
1.00%
0.98%
1.07%
0.97%
0.73%
12.90%
13.11%
16.38%
15.38%
11.80%
79.22%
32.06%
4.50%
1.44%
35.0
4.5
501
284
170
955
79.10%
32.08%
4.50%
1.46%
33.7
5.1
501
284
170
955
77.97%
31.80%
4.74%
1.61%
35.3
5.0
500
283
165
948
77.82%
32.03%
4.96%
1.70%
33.9
4.6
500
280
164
944
76.54%
32.64%
5.13%
1.85%
32.9
3.9
499
279
163
941
34
Non-Performing Assets
GNPA & NNPA
4.50%
4.50%
GNPA
NNPA
4.40%
4.30%
1.46%
1.44%
1.31%
1.25%
3.20%
0.92%
Q4FY24
Q1FY25
Q2FY25
Q3FY25
Q4FY25
Improving Credit Quality
Ever 30+ at 6 MOB* (Excl. corporate)
1.50%
1.20%
0.90% 0.80%
0.70% 0.80%
0.43% 0.54%
0.90% 0.90%
Q1FY23 Q2FY23 Q3FY23 Q4FY23 Q1FY24 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25
* 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
Q4FY24
Q1FY25
Q2FY25
Q3FY25
Q4FY25
Q4FY24
Q1FY25
Q2FY25
Q3FY25
Q4FY25
3,682
3,620
3,720
3,731
3,736
1,212
1,135
1,152
1,073
1,056
289
351
346
246
321
309
297
293
3,620
3,720
3,731
3,736
213
1,148
2,800
211
289
250
233
195
274
195
212
1,135
1,152
1,073
1,056
155
421
791
35
Provisions
Rs. Cr
For NPA & NPI
For Standard Assets
For Restructured Advances/Sacrifices & FITL
For Unhedged Forex Exposure
Others
Taxes
Total Provisions
Q4FY25
Q3FY25
Q2FY25
Q1FY25
Q4FY24
234
(1)
(9)
-
-
117
341
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
36
Slippages & Collection Efficiency
Slippage Ratio
Collection Efficiency
0.41
0.35
0.36
0.33
100.1%
99.1%
100.2%
100.8%
99.9%
0.24
Q4FY24
Q1FY25
Q2FY25
Q3FY25
Q4FY25
Q4FY24
Q1FY25
Q2FY25
Q3FY25
Q4FY25
Rs. Cr
Agriculture
Business Loans
Personal Segment
Corporate
Total
Segment wise GNPA
Segment wise Slippages
Q4FY24
Q1FY25
Q2FY25
Q3FY25
Q4FY25
Rs. Cr
New Book
Old Book
Q4FY25
464
2,120
568
469
530
2283
484
424
562
2,113
617
439
543
455
Agriculture
2,070
1,449
Business Loans
628
494
577
319
Personal Segment
Corporate
3,620
3,720
3,731
3,736
2,800
Total
0
4
74
0
78
43
59
26
0
128
43
63
100
0
206
37
Stressed Assets
Rs. Cr
772
664
Restructured Standard Assets
Sectoral Break-up
476
404
317
Mar'24
Jun'24
Sep'24
Dec'24
Mar'25
0%
10%
18%
On account of MSME restructuring
General - DCCO Extension
37%
OTR COVID Personal Segment
35%
OTR COVID MSME
OTR COVID Others
COVID One Time Restructuring
Security Receipts
Rs. Cr.
MSME
Personal loans
Other exposures
Total
Covid 1.0
Covid 2.0
Total
61
4
44
108
55
107
15
177
116
110
59
285
Security Receipts Outstanding as on Mar 31, 2025 (Rs. Cr)
Book Value
190.33
Provision
71.06
NAV
119.27
38
Investment Book
SLR & NON-SLR
Treasury & Forex Income *
Rs. in Cr
Q4FY24
Q1FY25
Q2FY25
Q3FY25
Q4FY25
SLR
NON-SLR
Total
21,616
3,663
20,728
20,379
21,737
20,049
2,177
1,483
1,785
1,808
25,279
22,905
21,862
23,522
21,857
M Duration
4.48
4.60
4.69
4.81
5.18
102
89
88
87
74
72
13
14
15
62
52
10
67
60
7
Mar'24
Jun'24
Sep'24
Dec'24
Mar'25
Forex
Profit from sale of Investment
* Excludes depreciation on Investments
Mar'24
Jun'24
Sep'24
Dec'24
Mar'25
39
Capital Composition
Risk Weighted Assets
Total Capital Adequacy Ratio is well above minimum regulatory requirement of 11.50%
CET 1
15.75%
Tier 1
Tier 2
18.00%
1.32%
16.68%
Dec'24
17.98%
19.31%
1.33%
17.98%
Mar'25
19.91%
2.26%
Total Risk weighted assets to Total assets stands at 42.48% as on March 31, 2024
Risk Weighted Assets
17.65%
Rs. Cr
Total Capital
Tier I
Of which CET 1
Tier II
Risk Weighted Assets
Dec’24
9,629
8,925
8,425
704
53,497
Mar’25
10,227
9,521
9,521
706
52,953
CRAR
Tier 1
Tier 2
18.11%
1.40%
18.04%
18.00%
1.41%
1.32%
16.71%
16.63%
16.68%
19.31%
1.33%
17.98%
Mar'24
Jun'24
Sep'24
Dec'24
Mar'25
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 31 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
29 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 29 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 29 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 29 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 29 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 SGM & Head Business Operations Group, 32 years ● Associated with SIB for more than 29 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 29 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 29 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,
FCS, ACMA, Certified CSR Professional, Certified course in HR Management, ICSI Post Membership Qualification in Corporate Governance and Certified Associate of the Indian Institute of Banking & Finance.
● Associated with SIB for more than 15 years. Proficient in handling various corporate law and Secretarial matters. Before joining the Bank has 4 years’ experience as Company Secretary in other organisations and currently serves as Company Secretary of the Bank with additional charge of heading the HR Department.
Mr. Vinod Francis GM & Chief Financial Officer, 19 years ● Associated with SIB for over 19 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
Strong Management Team
Mr. Sreekumar Chengath GM & Head – Business Process Group, 30 years • B. Tech in Computer Engineering, MBA in Banking and Finance, Certified
Associate of Indian Institute of Banking and Finance
• Over 30 years of banking experience, Associated with SIB for over 24 years.
Rich experience in IT, IT Security and Centralized Banking Operations
Mr. Vinod G GM & Head - Data Science, 30 years • Masters in Business Administration, Masters in Commerce, Certified Associate of the Indian Institute of Banking & Finance, Fellow of the Insurance Institute of India
• Rich experience in general insurance, development banking, risk management, business intelligence, data analytics, predictive modelling, data science, etc.
• Associated with SIB for over 4 years
THANK YOU