SOUTHBANKNSE18 January 2024

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

The South Indian Bank Limited

DEPT.: SECRETARIAL

REF. No. : SEC/ST.EX.STT/ 184/2023-24 DATE : January 18, 2024

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 Unaudited Financial Results of the South Indian Bank Limited for the quarter and nine months ended 31st December, 2023.

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

Investor Presentation Investor Presentation Q3-FY 2024 Q3-FY 2024

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”, incl uding those relating to the Company’s general business plans and strategy, its future financial condition and growth prospects, and future devel opments in its industry and its competitive and regulatory environment. Actual results may differ materially from these forward-looking statem ents 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 objecti ves, 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 sha ll 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 ca n not be copied and/or disseminated in any manner.

Table of contents

Brief Snapshot

Transformation Journey of the Bank

About South Indian Bank – Key Investment Highlights

Annexures

Brief Snapshot

Transformation Journey of the Bank

About South Indian Bank – Key Highlights

Annexure

Brief Snapshot (Dec’23)

Large Scale

Multi-pronged distribution strategy

Maintaining healthy asset quality

Consistently delivering robust shareholder returns

INR 77,686 Cr Total Advances

INR 65,805 Cr Disbursement (9M’24)

948 / 9,939 Branches/ Employees

26 / 4 States / Union Territories

INR 99,155 Cr Deposits

97.5%

Digital Transactions

4.74% GNPA

1.61%

NNPA

77.97%

PCR (incl. w/off)

67.08%

PCR (excl. w/off)

INR 782.5 Cr PAT

3.28% NIM

0.91% & 14.05% RoA & RoE

Brief Snapshot

Transformation Journey of the Bank About South Indian Bank – Key Highlights

Annexure

Significant transformation of business since September 2020

Churned around 67% of overall loan book since October 1, 2020

As of Sep’20

Current Book ( As of Dec’23)

Key Considerations in transformation Journey

Rs. in crore

Old Book

New Book

Old Book

Overall Book

Loan book

Share of A+ rated in Large Corporate

GNPA

% of GNPA - Total Book

Net NPA

65,349

66%

3,182

4.87%

1,655

52,227

25,459

77,686

 Focus on A+ rated in large

corporates

97%

113*

39%

94%

3559

3672*

 Reduction in large ticket size in

increase

and loans granularity

0.22%*

13.98%

4.73%*

 Diversification of into other segments

loan book

1174

1212

 Using technology to reduce

cost

% of Net NPA - Total Book

2.53%

0.07%

4.61%

1.56%

*Excl. Rs. 10 crore Gold Loan

Leading to improvement in various key metrics- Sep 2020 vs Dec 2023

Total Business

Gross Advances

Retail Deposits

CASA

Rs. in Crore

+19%

Rs. in Crore

+19%

Rs. in Crore

+27%

1,76,841

77,686

Rs. in Crore

27.8

95,088

1,47,970

65,349

74,976

+37%

22,978

31.8

31,529

Sep'20

Dec'23

Sep'20

Dec'23

Sep'20

Dec'23

Sep'20

Dec'23

Disbursement

Rs. in Crore

NIM

+34 Bps

65,805

3.28%

CRAR

+166 Bps

15.60%

6.97%

GNPA/ NNPA

43,461

16,860

22,108

8,809

2,779

2.94%

13.94%

Jun'21

Jun'23

Sep'21

Sep'23 Dec'21 Dec'23

Sep'20

Dec'23

Sep'20

Dec'23

4.71%

4.74%

1.61%

Mar'21

Dec'23

GNPA

NNPA

NPA base figure is as on March 2021 due to Covid moratorium till September 2020

Brief Snapshot

Transformation Journey of the Bank

About South Indian Bank – Key Highlights Annexure

Key Highlights

Diversified Loan Book with focus on A-rated corporate loans

Pan India presence with focus on diversification

Strong focus on Asset Quality and collection efficiency

Strong Management team and robust Financial Performance

Focus on Digital channel to drive operating efficiency

Well Distributed Deposit base with stable cost of funds

#1. Diversified Loan Book with granularity and growth

Well diversified loan book with ~62% other than corporates

19%

20%

23%

38%

Corporate Personal Segment Business Loans Agriculture

Focused on Granularity with reduction in ticket size* Rs. in Crore

66,274

18% 10% 17%

55%

68,383

74,004

20%

12% 15%

53%

25%

8% 12%

55%

DEC-22

MAR-23

DEC-23

<5 cr

5-25 cr

25-100 cr

>100

* Figures excluding NPA

Gold Loan (Rs in crore)

Personal Segment (Rs in crore)

Mix of Personal Segment

Consistent traction being seen across segments

13,053

78%

13,808

78%

+18%

14,478

78%

14,998

79%

15,369

78%

16,153

15,725

+11%

16,746

17,515

17,153

29%

11%

12%

Dec’23 Rs. 17,515 Cr

19%

22%

21%

22%

Dec-22

Mar-23

Jun-23

Sep-23

Dec-23

Dec-22

Mar-23

Jun-23

Sep-23

Dec-23

Retail

Agri

Housing Gold Loan Against Deposit Credit Card

Mortgage Vehicle Personal Loan Others

#1. Increasing share of A rated corporate loans

Corporate Loan Book

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

27,522

27,491

29,892

(Rs. in Crore)

22,174

23,523

Dec-22 * Figures after remapping as on 01-04-2023

Mar-23

Jun-23

Sep-23

Dec-23

Improving Rating Profile of Large Corporate Loan Book (in %)1

A & Above rated Large Corporate Loans

+3000 bps

75%

66%

93%

96%

Sep'20

Sep'21

Sep'22

Sep'23

Dec'23

7.4

2.6

2.4

2.6

9,437

6,516

Mar-19

Mar-20

3,177

5 Mar-21

% of total Advances

18,143

13,705

6,867

Mar-22 Mar-23 Large Corporate Advances

Dec-23

Standard Advances above Rs. 100 Cr. (External Rating)

AAA

BBB

<BBB

48.6

39.0

51.4

50.9

53.7

54.9

34.6

9.5

39.3

6.0

2.9

1.7

35.9

6.5

34.3

6.8

2.2

2.1

1.9

0.8

Dec-22

Mar-23

Jun-23

Sep-23

Dec-23

1. Does not include exposure to unrated state government owned entity

1.9

#1. MSME Loans comprise mainly of High-Yield Portfolio

Focus on MSME segment in business loan…

Geographic split

Rs. in Crore

Others 33%

Dec’23 Rs. 15,424 Cr

Rest of India 23%

Kerala 42%

Dec’23 Rs. 15,424 Cr

MSME/SME 67%

South (Ex-Kerala) 35%

…while creating a granular and diversified book

(Rs. in Lakhs)

Average MSME Loan/ Account

48.8

48.3

47.5

47.3

46.8

Dec-22

Mar-23

Jun-23

Sep-23

Dec-23

MSME strategic initiatives

• MSME loans of up to 2Cr to be handled directly by branches with technology support

enabling faster decision. December saw highest disbursement in this segment. List of 288 branches to focus on above 2Cr business. Branches identified based on potential and credit history Teams sourcing above 2Cr revamped and enhanced training and skill building being implemented to tap best in class customers Limit set up in MSME business group has seen a positive movement, with bank adding 1529 incremental borrowers to its fold with incremental limit set up of Rs.2,051cr New LOS implementation in progress. Same would enable integration of all steps from sourcing to disbursement under a single process flow. Seamless delivery and client experience with faster TAT envisaged. Decentralised credit and business structure put in place to enable better client connect and faster decisions Selective tie up for co-lending within defined risk parameters

•

#2. Pan India presence with focus on diversification

148

500

Classification

Metropolitan Urban Semi-Urban Rural Total

No of Branches 202 182 460 104 948

*Map for illustration purpose only

Diversifying Loan Book outside Kerala…

Kerala 40%

Rs. 70,117 Cr

Rest of India 26%

South (Ex- Kerala) 34%

Rest of India 30%

South (Ex- Kerala) 34%

Kerala 36%

Rs. 77,686 Cr

Dec-22

Dec-23

…while expanding Network

Branches1

948

ATM

1,315

Customers Lakhs

928

1,277

Q3FY23

Q3FY24

Q3FY23

Q3FY24

Q3FY23

Q3FY24

1. Excludes 5 USBs & Satellite branches

#3. Strong focus on improving asset quality and collection efficiency

Net NPA below pre-covid level

…with focus on Recoveries and Upgrades

4.92

3.45

4.98

3.34

6.97

4.71

5.90

2.97

5.14

1.86

4.74

1.61

Rs. in crore

1814

1464

1216

530

690

Mar-19

Mar-20

Mar-21

Mar-22

Mar-23

Dec-23

Gross NPA %

Net NPA %

FY 2020

FY 2021

FY 2022

FY 2023

9M-FY24

Significant improvement in PCR…

…and Collection efficiency

54.20

34.10

58.70

34.10

69.60

51.27

76.78

77.97

101.1%

65.12

67.08

42.50

30.90

100.1%

100.2%

99.8%

Mar-19

Mar-20

Mar-21

Mar-22

Mar-23

Dec-23

PCR Incl W/off

PCR excl W/off

Q3 FY23

Q4 FY23

Q1 FY24

Q2 FY24

Q3 FY24

#4. Well Distributed Deposit Base with stable Cost of Funds

Breakup of Deposits

Rs. in Crore

90,672

91,651

95,499

97,085

99,155

Yield on funds and Cost of funds

Cost Of Funds

Yield on Funds

58,000

59,387

60,876

62,348

63,559

25,316

25,241

26,016

26,003

26,027

5,344

2,012

4,986

5,151

5,097

5,502

2,037

3,456

3,637

4,067

Q3 FY23

Q4 FY23

Q1 FY24

Q2 FY24

Q3 FY24

Bulk

Current

Savings

Retail Term

7.09

4.01

7.44

4.21

7.34

4.41

7.49

7.53

4.57

4.71

Q3FY23

Q4FY23

Q1FY24

Q2FY24

Q3FY24

Yield on advances and Cost of Deposits

Cost Of Deposits

Yield on Advances

8.84

9.31

9.17

9.31

9.28

4.27

4.55

4.85

5.00

5.18

Q3FY23

Q4FY23

Q1FY24

Q2FY24

Q3FY24

#5. Digital Banking has been rising…

Taken various digital initiatives…

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

Customer Experience

Digital Onboarding

… n o i t a z i n a g r O e h t

s s o r c A s e v i t a i t i n I

 Developed a platform for

SMEs

 Introduced SMILE SIB

MSME Integrated Lending Engine in FY22

Digital Security

 Deployed FRM with AI

capability

 Digital E-Lock for customers

Internal Operations

 Performance Management

System Adoption for employee performance review

…

y g o l o n h c e T s s a l c n i

t s e b g n i s u e l i h w …

Video KYC

Digital underwriting

Entire stack of digital Payments

s n o i t c a s n a r t n i

e s i r o t g n i d a e l

…

Robust digital & technology infrastructure powering 24/7/365 availabiliy

3500.0

(000)’s

2627.7

2828.2

3035.5

3000.0

2500.0

2000.0

1500.0

1000.0

500.0

124.3 0.0

2258.9

2459.1

95.1%

94.8%

127.5

97.0%

97.2%

97.5%

81.0

82.3

79.3

98.0%

97.5%

97.0%

96.5%

96.0%

95.5%

95.0%

94.5%

94.0%

93.5%

93.0%

Dec-22

Mar-23

Jun-23

Sep-23

Dec-23

Transactions Through Branch

Transactions Through Digital Channel

% Digital Share

Internet Transaction Volume

Mobile Transaction Volume

(000)’s

1,764

1,776

1,892

1,846

1,968

(000)’s

99,139

1,08,321

1,19,006

1,33,599

1,47,269

Dec-22

Mar-23

Jun-23

Sep-23

Dec-23

Dec-22 Mar-23

Jun-23

Sep-23 Dec-23

…creating operational efficiency

Employee Additions

Cost-to-Income Ratio (Quarterly)

74.30%

53.30%

58.07%

61.19%

61.98%

129

-47

227

Q3 FY23

Q4 FY23

Q1 FY24

Q2 FY24

Q3 FY24

-14

(Rs. in Crore)

Business per Employee

(Rs. in Crore)

Business per Branch

16.0

16.3

16.8

16.9

17.2

164

174

176

177

Improving productivity metrics

Q3 FY23

Q4 FY23

Q1 FY24

Q2 FY24

Q3 FY24

Q3 FY23 includes SR provision of Rs.312 Crore

Q3FY23

Q4FY23

Q1FY24

Q2FY24

Q3FY24

Q3FY23

Q4FY23

Q1FY24

Q2FY24

Q3FY24

18 18

#6. Robust Track Record of Financial Performance

Total Business

Gross Advances

Rs. in Crore

Disbursements

Rs. in Crore

65,805

1,48,558

1,42,128

1,50,957

1,76,840

1,63,743

65,524

59,418

61,816

77,686

72,092

36,957

16,860

FY20

FY21

FY22

FY23

9M'FY24

FY20

FY21

FY22

FY23

9M'FY24

Dec-21 Jan-21

Dec-22 Jan-22

Dec-23 Jan-23

Net Interest Income

Profit after Tax

Rs. in Crore

2,317

2,407

2,240

3,012

2,457

Rs. in Crore

775

782

FY20

FY21

FY22

FY23

9M'FY24

FY20

FY21

FY22

FY23

9M'FY24

105

Return Metrics

RoE

1.91

1.07

0.77

11.61

14.05

FY20

FY21

FY22

FY23

9M'FY24

RoA

0.11

0.07

0.04

0.72

0.91

FY20

FY21

FY22

FY23

9M'FY24

#6. Strong Management Team

Mr. P R Seshadri MD & CEO, 30 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 CGM - HR & Operations, 33 years

MBA in Human Resource management, Associated with SIB for more than 27 years. Head of HR, Handled Branch banking, Internal Audit & Vigilance, Fraud Management, Regional Head and Retail Banking.

Mr. Thomas Joseph K EVP & Chief Business Officer, 39 years

Bachelors Degree in Engineering and Diploma in Management & CAIIB. Associated with SIB for 39 years Managed various portfolio including Credit, Risk Management, Technology, Marketing, Corporate Financial Management, Regional Head, and Human Resource.

Mr. Sanchay Kumar Sinha CGM & Head (Distribution & Branch Banking) 30 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; Prolific experience in distribution and product management through branches, direct sales, telesales and partners

#6. Strong Management Team

Mr. Sony A SGM & CIO, 31 years

Certified Information Systems Auditor from ISACA, USA and MBA. Over 27 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. Senthil Kumar SGM-Collection & Recovery / MSME / AGRI, 28 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 Credit Underwriting, 27 years

Associated with SIB for more than 27 years. Head of Credit underwriting.

Vast experience across business functions like Credit underwriting, Branch Banking, Corporate Finance & Forex. Headed largest MSME region of the Bank

Ms. Biji S S SGM & Group Business Head, 29 years

MBA in Human Resource Management. Associated with SIB for more than 27 years. Heading Corporate Business, 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 lead the largest region of the Bank.

Ms. Chithra H SGM & Chief Financial Officer, 31 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 27 years. Rich experience in the field of Finance, Compliance, Risk, Treasury Back office, Branch operations and Regional Head.

#6. Strong Management Team

Mr. Nandakumar G GM & Chief of Internal Vigilance, 31 years

Associated with SIB for more than 27 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. Sivaraman K GM & Head Business Operations Group, 30 years

Associated with SIB for more than 27 years.

Rich experience in Branch Banking, Headed major regions of the bank, Credit Policy, Mid / Large Corporate CPC’s.

Mr. Nehru Singh B GM & Head – Credit Quality Assurance, 27 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. Harikumar L GM - Strategic Alliances and Alternative Distribution, 26 years

Post Graduate in Management with more than 25 years of experience in the banking industry. Previously worked in Axis Bank for more than two decades handling leadership roles in Retail Banking at Circle,Zonal & National level covering Branch Banking, NR Business, RM Channel& Wealth Channel

Mr. Vinod A N GM & Head of Treasury, 29 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.

#6. Strong Management Team

Mr. Mohan T M GM & Head Legal Department , 34 years

B.Com, LL.B Graduate. Also completed CAIIB and CS (Inter).

More than 28 years of experience in Banking. Previous experience of more than 6 years with Income Tax Appellate Tribunal and Apollo Tyres Ltd. HeadingLegal Department of SIB for more than 11 years.

Mr. Shibu K Thomas GM - Chief Information Security Officer, 23 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 and currently handling the CISO role for the bank

Way forward - Strategy

Strategic Focus Areas

• Significant progress made:

• Portfolio is reasonably healthy – small pockets of weakness that we expect will flow through over time contractually • Growth in Low risk / high quality assets

• Portfolio realignment - higher rated corporate, lower tenures etc. • Gold loans growth • Reduction in high “experienced” risk books

• Revenue diversification with controlled growth of Credit Cards and Retail Personal Loans • Enhanced control environment

• Centralisation of Risk Acceptance • Creation of business verticals for specialized origination / maintenance • Substantial influx of high quality talent to bolster overall in-house talent pool

• Hired professionals in Credit Policy / Acceptance, Data Science, Risk, Business and other areas since 2020

• Investment initiated in high quality tools to enhance business capabilities

•

Invested in LOS systems for Retail and MSME

• Enhancing institutional capabilities in various dimensions – Data Science / Risk Measurement and Containment /

Underwriting / Technology

Five Areas of Focus

• Enhancing Portfolio Resilience

• Improving Branch Productivity

• Cost Optimisation

• Growing Non-branch Distribution & Leveraging Partnerships

• Enhancing Control / Compliance Architecture

Enhancing Portfolio Resilience

• Granularising the portfolio

• Building ‘Frictionless’ processes

• Modifying existing LOS systems to create ‘swim-lanes’ for targeted segments • Building high-quality score-cards to facilitate risk acceptance • Modifying policies to reduce ‘wax’ and improving customer centricity

• Making processes ‘front facing’

• Empowering the Branch to meet customer needs (and thereby building differentiation) • Ensuring quality through the system • Claim our rightful share of Retail business

• Home / Mortgage / Auto and Personal are subscale

• Buildout in a controlled manner while focusing on profitability

• Renew Growth of MSME business

• Tap MSME across its life cycle / product lines

Improving Branch Productivity

• Improving “Tooth to Tail” ratio

• From 75:25 to 85:15 over time

• Launched ‘Sales Value Addition’ metric to track sales activities at Branch level.

• Enhancing Branch Morale and Increasing Sales Focus

• Launched sales rewards from Jan. 1, 2024 • Plan is based on Sales Value Addition and is product agnostic – i.e. customer focused - to enable branch to provide the

products and services desired by the customer

• Plan rewards branches if their ‘Sales Value Addition’ is above preset thresholds so as to foster recovery of

branch costs through incremental sales

• Since the scheme is ‘product agnostic’ it reduces risk of ‘mis-selling’

• Enhance Branch Capabilities

• Training branches on products and processes and customer relationship Management

Cost Optimisation

• SIB has higher cost : income relative to its peers

• Lower NIM – Large concentration of lower yield, short duration, high quality assets leading to NIM compression • Higher staffing count

• Large proportion of staff in non-customer facing roles (control / risk / credit / operations)

• Working on a plan to reduce Cost to Income ratio

•

Immediate / Near term action steps:

• Hiring reduction • Branch review based on Sales Value Added & Service Intensity

• Branches with Low Sales Value Added and Low Service Intensity to be reviewed

• Review other expense heads judiciously excising cost

Growing Non-Branch Distribution & Leveraging Partnerships

• Branch is the main source of business for the bank

• Building non-branch distribution is critical. This is to be achieved in two ways:

• Creating Non-branch architecture – leveraging traditional ‘non-branch’ sources • Building Partnerships

• Head of Partnerships appointed

• Our banking platforms are API enabled allowing us to integrate with third-parties

Integrations at scale already operational vis-à-vis Credit Cards

• • Other relationships under development

Brief Snapshot

Transformation Journey of the Bank

About South Indian Bank – Key Highlights

Annexure

Profit & Loss Overview (Standalone)

Rs. in Crore

Q3-FY24

Q3-FY23

Y-o-Y (%)

Q2-FY24

Q-o-Q (%)

FY23

(Rs. in Crore)

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

819

452

179

158

115

1,271

788

483

434

129

305

825

(34)

148

(287)

105

791

588

203

162

103

(1%)

1429%

21%

155%

10%

61%

34%

138%

20%

168%

119%

196%

830

356

171

148

1,186

726

460

409

134

275

-1%

27%

327%

-22%

-4%

11%

3,012

813

569

(308)

553

3,825

2,317

1,508

399

1,108

333

775

* Includes additional wage revision provision of Rs. 24 crore # Includes 100% provision for a key reported item amounting to Rs. 28.63 crore

Balance Sheet Overview (Standalone)

Particulars

Dec 2023

Dec 2022

Y-o-Y (%)

Sep 2023

Q-o-Q (%)

(Rs. in Crore)

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

1,13,514 209 7,185 99,154 4,213 2,753 1,13,514 5,056 1,823 25,335 75,340 931 5,029 1,74,494 5,502 26,027 31.80%

1,03,833 209 6,140 90,672 4,773 2,039 1,03,833 5,411 1,407 22,925 67,920 878 5,292

1,58,592 5,344 25,316 33.81%

9% 0% 17% 9% (12%) 35% 9% (7%) 30% 11% 11% 6% (5%)

10% 3% 3% (201bps)

1,12,743 209 6,880 97,085 5,898 2,671 1,12,743 5,292 2,856 25,930 72,588 886 5,192 1,69,673 5,097 26,003 32.03%

1% 0% 4% 2% (29%) 3% 1% (4%) (36%) (2%) 4% 5% (3%)

3% 8% 0% (23bps)

Key Metrics – Quarterly

Particulars

Net Interest Margin (NIM)

CRAR Basel III

RoAA (Annualized)

Provision Coverage

CASA

Gross NPA

Net NPA

Book Value per Share (Rs.) Earnings per Share (Rs.) (Annualized) Customer Touch Points

Kerala

South Ex Kerala

Rest of India

Total

3.19%

15.60%

1.07%

77.97%

31.80%

4.74%

1.61%

35.3

5.0

500

283

165

948

FY24

3.31%

16.69%

0.97%

77.82%

32.03%

4.96%

1.70%

33.9

4.6

500

280

164

944

FY23

3.34%

16.49%

0.73%

76.54%

32.64%

5.13%

1.85%

32.9

3.9

499

279

163

941

3.67%

17.25%

1.26%

76.78%

32.98%

5.14%

1.86%

31.9

3.7

498

279

163

940

3.52%

16.25%

0.56%

74.51%

33.81%

5.48%

2.26%

30.4

2.8

496

275

157

928

3.21%

16.04%

0.65%

72.79%

34.53%

5.67%

2.51%

29.8

3.2

497

273

156

926

2.74%

16.25%

0.46%

70.11%

34.4%

5.87%

2.87%

28.8

2.2

497

273

156

926

Provisions

Particulars

For NPA & NPI

For Standard Assets

For Restructured Advances/Sacrifices & FITL

For Unhedged Forex Exposure

Others

Taxes

Total Provisions

Q3FY24

Q2FY24

Q3FY23

(Rs. in Crore)

(10)

(15)

129

178

(4)

(13)

(1)

134

185

(17)

(8)

100

Stressed Assets

Restructured Standard Advance

Sector Break up

(Rs. in Crore)

1,781

1,516

1,297

1,159

894

26%

19%

On Account of MSME Restructuring

General - DCCO Extention

OTR COVID Personal Segment

OTR COVID MSME

46%

OTR COVID Corporate

Dec-22

Mar-23

Jun-23

Sep-23

Dec-23

Covid One Time Restructuring (OTR)

Rs. in Crore

Covid 1.0

Covid 2.0

Total

MSME

Personal loans

Other exposures

Total

132

187

324

275

167

483

407

172

228

807

Security Receipts

(Rs. in crore)

Security Receipts Outstanding as on Dec 31, 2023

Book Value

Provision

1,320.38

1,226.80

NAV

93.58

Slippages & collection efficiency

Segment wise NPA slippages

Segment wise GNPA

Rs. in Crore

Agriculture

Business Loans

Personal Segment

Corporate

Total

Q3-2024

Rs. in Crore

Q3-2023 Q4-2023 Q1-2024 Q2-2024 Q3-2024

144

267

Agriculture

576

548

513

490

Business Loans

2,038

1,938

2,243

2,188

2,152

Personal Segment

Corporate

Total

541

688

481

741

556

492

547

489

542

498

3,844

3,708

3,804

3,714

3,682

Slippages

0.63

0.46

0.48

0.42

0.34

Q3FY23

Q4FY23

Q1FY24

Q2FY24

Q3FY24

Investments

Investment Book

Details

HTM

AFS

HFT

Total

Dec 22

Mar 23

Dec 23

Rs. in Crore

Modified Duration

Rs. in Crore

Modified Duration

Rs. in Crore

Modified Duration

18,916

5,263

109

24,287

2.69

1.17

7.69

2.47

19,688

6,071

255

26,014

2.79

0.95

5.14

2.48

22,374

4,122

158

26,654

4.23

1.89

1.34

3.97

SLR & NON-SLR

Rs. in Crore

Dec-22

Mar-23

Jun-23

Sep-23

Dec-23

SLR

20,170

22,290

23,065

23,295

22,937

NON-SLR

4,117

3,724

4,216

4,001

3,718

Total

24,287

26,014

27,281

27,296

26,654

Capital Composition

Risk Weighted Assets

BASEL III

Rs. in Crore

Dec 31, 2023

Sep 30, 2023

16.25

17.25

16.49

16.69

Total Capital

7843.86

15.60%

7,888.1

16.69%

- Tier I

6726.14

13.37% 6,723.3

14.22%

- Of which CET1

6226.14

12.38% 6,223.3

13.17%

13.71

14.74

14.04

14.22

15.60

13.37

- Tier II

1117.71

2.23% 1,164.8

2.47%

Risk Weighted Assets

50,291.85

47,258.37

The Total Risk weighted assets to Total assets stands at 44.30% as on December 31, 2023. Total Capital Adequacy Ratio is well above the minimum regulatory requirement of 11.50%

2.54

2.51

2.45

2.47

2.23

Dec-22

Mar-23

Jun-23

Sep-23

Dec-23

Tier 1

Tier 2

For further information, please contact:

The South Indian Bank Ltd. CIN - L65191KL1929PLC001017 Ms. Chithra H, CFO chithra@sib.co.in

Mr. Vinod Francis, Joint General Manager vinodfrancis@sib.co.in

Mr. Prashanth George Tharakan, Head IR prashanthgt@sib.co.in

www.southindianbank.com

THANK YOU

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