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TRANSCRIPT
2
This presentation has been prepared by Oriental Bank of Commerce (the “Bank”) for general information purposes only, without regard to any specific objectives, suitability, financial situations and needs of any particular person and does not constitute any recommendation or form part of any offer or invitation, directly or indirectly, in any manner, or inducement to sell or issue, or any solicitation of any offer to purchase or subscribe for, any securities of the Bank, nor shall it or any part of it or the fact of its distribution form the basis of, or be relied on in connection with, any contract or commitment therefor. This presentation does not solicit any action based on the material contained herein. Nothing in this presentation is intended by the Bank to be construed as legal, accounting or tax advice. This presentation has been prepared by the Bank based upon information available in the public domain. 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This presentation is not an offer to sell or a solicitation of any offer to buy the securities of the Bank in the United States or in any other jurisdiction where such offer or sale would be unlawful. Securities may not be offered, sold, resold, pledged, delivered, distributed or transferred, directly or indirectly, in to or within the United States absent registration under the Securities Act of 1933, as amended (the “Securities Act”) and in compliance with any applicable securities laws of any state or other jurisdiction of the United States. The Bank’s securities have not been and will not be registered under the Securities Act.
• Overview
• Transformation & Turnaround Plan
• Performance Highlights
• Asset Quality Analysis
• Financial Statements
• Digital Penetration
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Bank’s Reach ( As on 30th September 2018)
2,387 Branches
2,635 ATMs
Across 26 States & 5 U.Ts.
23.1 Million Customers
22,199 Workforce
Govt.of India,
77.23%
FPIs/ NRIs, 4.17%
Banks/FIs/
Insurance. cos., 8.52%
Mutual Funds/ UTI
& Trusts, 3.31%
Others, 6.77%
• Established in 1943 as the Oriental Bank of Commerce Limited at Lahore.
• First bank to go public with IPO in 1994 followed by FPO in 2005
• Operational for more than 75 years, offering a broad variety of wholesale
and retail banking products and services
• Business is principally divided into:
(a) Retail Banking
(b) Agricultural & MSME Banking
(c) Corporate / Wholesale Banking
(d)Treasury Operations
(e) Other Banking Services
Shareholding Pattern
“ First time entered the World’s most valuable 500 banking brands 2018 list
concluded by Brand Finance”
“Bank is among the leading public sector banks in implementing EASE
reforms agenda framework of “Responsive and Responsible PSBs”
Overview Achievements
“ Best Performing Bank – Public Sector Bank for the APY during
FY2017-18”
5
Gross NPA INR 256,733 Mn INR 261,413 Mn
Net NPA INR 137,952 Mn INR 142,620 Mn
NIM 2.58% 2.82%
Cost to Income 50.19% 59.72%
Retail Advances INR 280,117 Mn INR 263,444 Mn
Fresh Slippages INR 14,512 Mn INR 28,312 Mn
CASA 30.97% 31.40%
Credit Risk Weight Factor
76% 79%
Credit Cost (Ann.) 2.69 % 3.29 %
Capital Adequacy 10.35% 10.25%
1) Asset quality showing signs of
improvement.
2) Improved Recovery and Enhanced PCR.
1) Share of CASA increased from sub 25% in
FY’15 to 31% in H1FY’19.
2) Bank is consistently maintaining targeted
NIM above 2.50% in FY19.
Bank has adopted a new vertical structure
leading to operational efficiency .
1) Advance portfolio predominantly driven by
Retail.
2) Credit Cost Contained.
PCR 65.31% 64.59%
Q2FY19 Q1FY19
Recovery and Upgradation
INR 11,555 Mn INR 10,229 Mn
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MANAGING DIRECTOR & CHIEF EXECUTIVE OFFICER
EXECUTIVE DIRECTOR CVO
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Joined as Managing Director and Chief Executive Officer of Oriental Bank of
Commerce on July 15, 2017.
A Post Graduate in Economics from Delhi School of Economics and a qualified
Chartered Accountant
Prior experience includes association with Punjab & Sind Bank as an Executive
Director and also association with Dena Bank as Chief General Manager heading the
positions of Chief Financial Officer, Chief Strategist for Business Development.
Over 32 years of wide and varied exposure both at Operational and Administrative
levels covering the entire gamut of Banking including areas such as finance, Audit,
Business Process Reengineering (BPR), Investor Relations etc.
Joined as the Executive Director of Oriental Bank of Commerce on November 1, 2018
An MBA from FMS Delhi, University of Delhi and also holds a Post-Graduate degree
in Statistics from Lucknow University.
Over 34 years of experience in the banking sector.
Prior experience includes association with Punjab National Bank and Vijaya Bank.
Also served as CVO of IFCI Limited, Oriental Insurance Company Limited and the
erstwhile State Bank of Mysore. Vijay Dube
Executive Director
Mukesh Kumar Jain Managing Director and Chief Executive Officer
405
390
243
209
145
125
1
21
3
30 20
78
52
1
2
108
36
64
78
74
7 50
49
53
59
20
14
1
1
2
Legends >100 Branches
>50 Branches 1- 50 Branches 0 Branches State UT
Metro 593
Urban 607
S-Urban
626
Rural 561
Metro 730
Urban 694
S-Urban
649
Rural 562
No. of Branches- 2,387
No. of ATMs- 2,635
46
8
As on Sep’18
9
1 2
6 3
5 4
Capital optimized credit growth.
Credit RWA have contained by 18% from
FY’15 to H1FY’19.
Share of A & better rated portfolio (>`100
million) increased from 32% in FY’15 to 45%
in H1FY’19.
3) Capital Optimization
4) Focus on improving fee income
Dedicated Fee Based Vertical created.
1) Vertical Organization Structure
Bank has transformed into a new vertical
structure.
Specialized verticals have been created for
Retail, MSME, Recovery, CASA and Forex
Business which have enabled quicker decision
making and improved compliance
~90 % of the Bank’s total business falls under
this structure
Created a dedicated Stressed Asset
Management Vertical for cases above `100
million.
6 Field GMs, 67 dedicated clusters and 4000
strong recovery workforce deployed for
resolution and recovery
Recovery and Resolution of `35,038 million in
H1FY19 (against `31,613 million during
FY’18)
5) Focus on Recovery and Resolution 2) Shift from Corporate to Retail Focus
Leveraging 23.1 million strong retail client
base across 2,387 branches to augment growth
in Retail Advances and generating cross
selling opportunities
New products, improved lending processes
and distribution channels for retail segment
Modernization and Upgradation of ~500
branches is under implementation to enhance
customer experience
Digitisation of Retail Lending Processes
Share of RAM credit has increased from
45.24% in FY15 to 51.42% to H1FY’19
6) Technology Led Service Delivery
Share of Digital Transactions has increased
from 50.6% in FY15 to 68.9% as on H1FY’19.
10
Profit Maximisation
Asset Growth
Retail/ MSME
RAROC Pricing
Recovery & Resolution
Improvement in NIM
Rationalisation of Cost
Credit Cost
Branch Rationalisation/ Space Audit
Reduction in Operational Cost &
Leveraging Technology
Increase CASA
Non- Interest Income
Fee Based Income
Treasury & Forex Linked Products
Trade Finance
New Third Party Products (TPP)
Asset Utilisation
Monetisation of Strategic Investment
Sale of Real Estate
Capital Optimisation (Reduction of Credit
RWA)
Increase in Non Corporate Credit
11
12
5,7
10
12
8,5
31
14
3,6
85
13
3,0
97
10
9,9
55
11
0,6
60
10
0,8
17
8.50% 8.09%
8.52% 7.59% 7.46%
6.50% 7.18%
FY14 FY15 FY16 FY17 FY18 H1FY18 H1FY19
CET - 1 CET-1 %
31,7
72
42,5
19
44,8
38
48,3
41
42,6
12
47,0
84
42,4
09
2.15%
2.68% 2.66% 2.76% 2.89% 2.76% 3.02%
FY14 FY15 FY16 FY17 FY18 H1FY18 H1FY19
Tier - 2 Tier - 2 %
13
1,0
39
13
8,6
85
15
3,4
14
15
5,7
55
11
2,1
63
13
3,4
64
10
2,9
84
8.86% 8.73% 9.10% 8.88%
7.61% 7.84% 7.33%
FY14 FY15 FY16 FY17 FY18 H1FY18 H1FY19
Tier 1 Tier 1 %
1,4
79
,35
5
1,5
89
,45
0
1,6
85
,98
9
1,7
53
,56
8
1,4
74
,73
1
1,7
03
,43
2
1,4
05
,25
5
11.01% 11.41%
11.76% 11.64%
10.50% 10.60%
10.35%
FY14 FY15 FY16 FY17 FY18 H1FY18 H1FY19
Risk Weighted Assets Capital Adequacy Ratio
Tier 1 - Capital Tier 2 - Capital
CET 1 - Capital RWA and Capital Adequacy Ratio
(` in Million)
12
1,934,890
2,040,097
2,089,148
2,193,394
2,073,461
2,144,874
2,064,408
Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 H1FY18 H1FY19
Total Deposits
1,407,651
1,480,390
1,536,394
1,664,379
1,482,060
1,621,312
1,489,113
Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 H1FY18 H1FY19
Total Advances
(` in Million)
18.19% 15.93%
20.26%
10.77% 10.13% 10.79% 8.62%
FY14 FY15 FY16 FY17 FY18 H1FY18 H1FY19
Shredding of Bulk Deposits
13
118,819 128,395 128,211
179,666
138,099 133,836 126,919
Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 H1FY18 H1FY19
Current Deposits
351,606 365,256 398,692
489,234 518,873
482,597 512,501
Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 H1FY18 H1FY19
Savings Bank
1,464,465
1,546,446 1,562,246
1,524,494
1,416,489
1,528,441
1,424,988
Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 H1FY18 H1FY19
Term Deposits
* Bulk Deposits ( > INR 5 crs) as % of total deposits
(` in Million)
14
161,281 181,228 186,175 199,959
234,020 246,350 280,117
Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 H1FY18 H1FY19
Retail
305,603
330,923
306,986
288,590 280,308
298,341
288,191
Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 H1FY18 H1FY19
MSME
176,986 180,927
215,801 223,270 213,489 211,456 197,351
Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 H1FY18 H1FY19
Agriculture (Excluding RIDF)
763,781 787,312 827,432
952,560
754,243 865,165
723,454
Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 H1FY18 H1FY19
Corporate/Others
(` in Million)
15
127,020 124,376 140,968
123,918
175,869
15,605 14,510 16,468
15,235
16,707
43,550 61,074
76,584
61,110
87,542
FY16 FY17 FY18 H1FY18 H1FY19
Home Loans Vehicle Loans Other Retail loans
186,175 199,959 234,020 200,263 280,117
(` in Million)
Excl. IBPC
128,211 179,666 138,099 133,836 126,919
398,692 489,234 518,873 482,597 512,501
FY16 FY17 FY18 H1FY18 H1FY19
Current Deposits Savings Deposits
16
7.19%
6.33%
5.67% 5.73% 5.54%
FY16 FY17 FY18 H1FY18 H1FY19
25.22% 30.50% 31.68% 30.97% 28.74%
(` in Million)
CASA (%)
Cost of Deposit (%)
17
9.57%
11.45% 12.36%
13.80% 13.73% 14.83%
16.30% 16.95% 17.63% 17.89% 17.24%
6.70% 8.11%
8.93% 9.68%
8.96% 9.56% 9.44% 9.52% 10.48% 10.63% 10.07%
Mar-16 Jun-16 Sep-16 Dec-16 Mar-17 Jun-17 Sep-17 Dec-17 Mar-18 Jun-18 Sep-18
GNPA (%) NNPA (%)
40
,19
2
34
,63
8
21
,42
3
27
,03
3
39
,12
9
29
,19
3
30
,82
4
33
,04
5
31
,23
1
28
,31
2
14
,51
2
51.16% 49.33% 48.47% 49.44% 53.61% 54.68%
59.75% 62.09% 64.07% 64.59% 65.31%
Mar/16 Jun/16 Sep/16 Dec/16 Mar/17 Jun/17 Sep/17 Dec/17 Mar/18 Jun/18 Sep/18
Slippages PCR
` in Million
Sr. No. Parameters Sep-18 Jun-18 Sep-17
Variation
Q2<>Q1 Y-o-Y
1 Gross NPA 256,733 261,413 264,319 (1.79%) (2.87%)
2 Gross NPA as a % of
Gross Advances 17.24% 17.89% 16.30% (65 bps) 94 bps
3 Net NPA 137,952 142,620 141,283 (3.27%) (2.36%)
4 Net NPA as a % of Net
Advances 10.07% 10.63% 9.44% (56 bps) 63 bps
5 Provision Coverage
Ratio 65.31% 64.59% 59.75% 72 bps 556 bps
18
(` in Million)
19
Sr. No.
Particular Sep 18
Q2 Jun 18
Q1 Sep-17
Q2
1 Opening Gross NPAs 261,413 261,336 244,095
2 Recovery in Ledger Balance 10,164 13,120 5,369
3 Up gradation 1,125 3,136 762
4 Write Off 7,903 11,980 4,469
5 Total Reduction (2+3+4) 19,192 28,236 10,600
6 Fresh Addition 14,512 28,312 30,824
7 Closing Gross NPAs 256,733 261,412 264,319
8 Provision 118,781 118,792 123,036
9 Closing Net NPAs 137,952 142,620 141,283
10-a Cash Recovery in Bad Debt Written-off 3,202 804 561
10-b Cash Recovery in Recorded Interest 419 3,069 184
10-c Total Cash Recovery in Revenue i.e.(10a+10b) 3,621 3,873 745
11 Total Recovery including upgradation (2+3+10c) 14,910 20,129 6,876
(` in Million)
Sn Particular Sep 18
H1 Mar 18
H2 Sep-17
H1
1 Opening Gross NPAs 261,336 264,319 228,592
2 Recovery in Ledger Balance 23,284 13,368 8,980
3 Up gradation 4,261 2,355 3,278
4 Write Off 19,884 51,537 12,032
5 Total Reduction (2+3+4) 47,429 67,260 24,290
6 Fresh Addition 42,825 64,277 60,017
7 Closing Gross NPAs 256,732 261,336 264,319
8 Provision 118,781 118,508 123,036
9 Closing Net NPAs 137,951 142,828 141,283
10-a Cash Recovery in Bad Debt Written-off 4,006 1,638 999
10-b Cash Recovery in Recorded Interest 3,488 469 528
10-c Total Cash Recovery in Revenue i.e.(10a+10b) 7,494 2,107 1,527
11 Total Recovery including upgradation (2+3+10c) 35,039 17,830 13,785
20
(` in Million)
21
6,876
9,541 8,288
20,129
14,910
Sep-17 Dec-17 Mar-18 Jun-18 Sep-18
21
INCLUDING CIRP
6,876
9,541
8,288
10,229
11,555
Sep-17 Dec-17 Mar-18 Jun-18 Sep-18
EXCLUDING CIRP
(` in Million)
22
(` in Million)
26
4,3
19
27
5,5
09
26
1,3
36
26
1,4
12
25
6,7
32
4,365 4,365 30,871 34,044 37,563
76,623 74,327
92,036 80,635 86,760
Sep/17 Dec/17 Mar/18 Jun/18 Sep/18
Gross NPA Under NCLT (TWO) Under NCLT (Non TWO)
23
Parameters RBI 1st
List RBI 2nd
List Total
Cases filed by
other Banks/ Others
Cases filed by
our Bank
Grand Total
Number of accounts referred under IBC
9 16 25 60 39 124
No of Cases where Resolution Plan has been approved
3 1 4 1 - 5
Number of accounts referred under IBC as on 30th Sep 2018
6 15 21 59 39 119
Outstanding as on 30th Sep 2018
33,637 25,379 59,016 34,315 30,992 124,323
Provision made till 30th Sep 2018
24,975 17,807 42,782 26,100 24,389 93,271
Provision Coverage as on 30thSep, 2018 in these account
74.25% 70.17% 72.49% 76.06% 78.70% 75.02%
(` in Million)
24
Sector/ Industries
As on 30.09.2018 As on 30.06.2018 As on 30.09.2017
O/s NPA % of
NPA to O/s
% of NPA to Gross NPA
O/s NPA % of
NPA to O/s
% of NPA to Gross NPA
O/s NPA % of NPA
to O/s
% of NPA to Gross NPA
Retail 280,117 4,820 1.72% 1.88% 263,444 5450 2.07% 2.08% 246,350 5483 2.23% 2.07%
Agriculture (Excl. RIDF)
197,351 30,900 15.66% 12.04% 203,222 32,780 16.13% 12.54% 211,456 21,795 10.31% 8.25%
MSME (Excl. SIDBI Investments)
288,191 34,904 12.11% 13.60% 273,610 33,400 12.21% 12.78% 298,341 38,470 12.89% 14.55%
Total RAM 765,659 70,624 9.22% 27.51% 740,276 71,630 9.68% 27.40% 756,147 65,748 8.70% 24.87%
Others 723,454 186,060 25.72% 72.47% 721,311 189,730 26.30% 72.58% 865,165 198,540 22.95% 75.11%
Total Advances 1,489,113 256,730 17.24% 100.00% 1,461,587 261,410 17.89% 100.00% 1,621,312 264,318 16.30% 100.00%
(` in Million)
25
Sector/ Industries
As on 30.09.2018 As on 30.06.2018 As on 30.09.2017
O/s NPA
% of NPA
to O/s
% of NPA to
Gross NPA
Provision coverage for NPA
O/s NPA % of
NPA to O/s
% of NPA to
Gross NPA
O/s NPA % of
NPA to O/s
% of NPA to
Gross NPA
Infra Structure
150,438 46,733 31.06% 18.20% 45.97% 143,270 47,490 33.15% 18.17% 159,410 31,450 19.73% 12.88%
Out of which Infra-power
67,294 29,246 43.46% 11.39% 36.90% 63,200 26,040 41.20% 9.96% 69,390 13,980 20.15% 5.73%
Textile 67,414 13,554 20.11% 5.28% 79.27% 70,467 14,746 20.93% 5.64% 75,101 20,583 27.41% 8.43%
Iron and Steel
83,443 56,493 67.70% 22.00% 69.17% 85,177 58,972 69.24% 22.56% 106,714 76,060 71.27% 31.16%
NBFC 154,145 189 0.12% 0.07% 100.00% 141,770 160 0.11% 0.06% 137,090 164 0.12% 0.07%
(` in Million)
26
Balance Sheet FY16 FY17 FY18 H1FY18 H1FY19
Cash & Balances with RBI 94,329 108,131 122,548 102,406 101,404
Balances with banks and money at call and short notice
21,795 66,131 14,266 8,614 11,494
Investments 662,343 592,293 699,023 656,164 749,142
Advances 1,488,800 1,577,060 1,363,679 1,498,440 1,370,487
Fixed Assets 22,719 23,585 25,496 24,545 25,002
Other Assets 107,694 163,448 108,428 125,830 121,902
Total Assets 2,397,680 2,530,648 2,333,440 2,415,999 2,379,431
Paid up Capital 3,214 3,462 6,328 3,462 6,328
Reserves and Surplus 149,197 137,752 111,540 115,307 108,571
Deposits 2,089,148 2,193,394 2,073,461 2,144,874 2,064,407
Borrowings 101,239 145,922 96,940 101,120 145,080
Other liabilities and Provisions 54,882 50,118 45,171 51,236 55,045
Total Liabilities 2,397,680 2,530,648 2,333,440 2,415,999 2,379,431
(` in Million)
27
Profit & Loss Statement FY16 FY17 FY18 H1(FY18) H1(FY19)
Interest Earned 201,685 184,223 173,989 88,902 85,588
Interest Expended 147,939 135,128 128,881 64,921 59,464
Net Interest Income 53,746 49,095 45,108 23,981 26,124
Other Income 17,663 27,655 27,823 18,460 11,381
Operating Income 71,409 76,750 72,931 42,441 37,505
Operating Expense 34,588 35,049 35,899 16,844 20,538
Operating Profit 36,821 41,701 37,032 25,597 16,967
Provisions & Contingencies 35,260 52,642 95,749 47,958 19,882
Net Profit 1,561 (10,941) (58,717) (22,361) (2,915)
Key Ratios:
Cost of Deposit 7.19% 6.33% 5.67% 5.73% 5.54%
Yield on Total Advances 10.34% 8.89% 7.73% 7.97% 8.14%
Yield on Earning Advances 11.52% 10.30% 9.28% 9.45% 9.95%
Net Interest Margin (NIM) 2.66% 2.42% 2.19% 2.31% 2.69%
Book value per share (in Rs.) 416.73 365.70 162.86 301.49 149.41
Earning per Share (in Rs.) (not annualised)-Basic & Diluted
5.20 (31.82) (168.09) (64.60) (4.61)
Market Price (in Rs.) 91.65 140.85 91.60 119.15 61.50
Price Earning Ratio -Annualised 17.63 (4.42) (0.54) (0.92) (6.69)
Price to Book Value Ratio 21.99% 38.52% 56.24% 39.52% 41.15%
Return on Assets 0.07% (0.46%) (2.31%) (1.76%) (0.24%)
(` in Million)
28 28
41.24% 41.34%
48.44% 45.67%
49.22% 39.69%
54.76%
FY14 FY15 FY16 FY17 FY18 H1FY18 H1FY19
Cost to Income
2.78% 2.61% 2.66% 2.42%
2.19% 2.31% 2.69%
FY14 FY15 FY16 FY17 FY18 H1FY18 H1FY19
NIM
NIMs
Cost to Income
29
50.60
54.41 54.51
63.05
68.91
49.40
45.59 45.49
36.95
31.09
0
10
20
30
40
50
60
70
80
Mar-15 Mar-16 Mar-17 Mar-18 Sep-18
Digital % Branch %
“ Effort to Increase Digital Transactions Paying Off “
30
1,452
2,128
2,488 2,566 2,621 2,632 2,635
0
500
1,000
1,500
2,000
2,500
3,000
Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Sep-18
ATM No.
3.91 4.97
7.48
8.92 9.94
11.23 11.45
0.00
2.00
4.00
6.00
8.00
10.00
12.00
14.00
Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Sep-18
ATM Card Base (Million)
0.04 0.06 0.08 0.12 0.29
1.25
1.59
0.00
0.20
0.40
0.60
0.80
1.00
1.20
1.40
1.60
1.80
Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Sep/18
Mobile Banking Customers (Million)
0.56 0.67 0.82
1.37
2.01
2.75 3.04
0.00
0.50
1.00
1.50
2.00
2.50
3.00
3.50
Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Sep/18
Internet Banking Customers (Million)