Investor Presentation - Federal Bank
Investor Presentation
Q3 FY 12
Performance Highlights 1.44
1.41
Profitability Measure ROA 1.30 14.29
14.56
11.37
Shareholder Value Measure ROE
37.30
Efficiency Measure
COST-INCOME 0.81
0.74 0.58
Risk Appetite Measure
Q3 FY 11
NET NPA%
Q2 FY 12
Q3 FY 12
2
38.91
37.13
Financial Highlights Q3 FY 11 V/S Q3 FY 12 Net Profit at Rs 201.87 Cr (up by 41.07%) Other Income gone up to Rs 137.93 Cr (up by 13.34%)
Total income increased to Rs 1604.76 Cr (up by 40.33%) Operating profit improved to Rs 418.72 Cr (up by 17.39%) NIM at 3.94% (4.31%) EPS at Rs 47.21 (33.47) Net NPA at 0.74% (0.81%) BV per Share at Rs 330.19 (298.53) ROA at 1.41% (1.30)
ROE at 14.56% (11.37) Cost to Income decreased to 37.13% (37.30) Capital Adequacy Ratio at 15.91% 3
Business Growth Rs in Cr
DEPOSIT GROWTH
Deposits
46742
26.63%
CASA
13186
21.97%
Retail Deposits
38678
27.25%
NRE Deposits
7375
31.78%
Net Advance
33206
17.59%
SME Advance
9863
6.23%
Retail Advance
9870
10.37%
14571
33.40%
Corporate Credit
4
CREDIT GROWTH
Key Financials Rs in Cr Q3 FY 11
Interest Income
Q2 FY 12
Q3 FY 12
Y-o-Y
1021.88
1367.83
1466.83
43.54%
Interest Expenses
574.63
893.42
938.80
63.37%
Net Interest Income
447.25
474.41
528.03
18.06%
Other Income
121.69
116.96
137.93
13.34%
Total Income
1143.57
1484.79
1604.76
40.33%
Total Expenditure
786.86
1123.52
1186.04
50.73%
Operating Profit
356.71
361.27
418.72
17.39%
Net Profit
143.10
191.16
201.87
41.07%
4.31
3.77
3.94
-8.48%
37.30
38.91
37.13
-0.48%
Net Interest Margin (%) Cost to Income Ratio (%)
5
Balance Sheet Rs in Cr Q3 FY 11
Q2 FY 12
Q3 FY 12
LIABILITIES Capital Reserves & Surplus Deposits Borrowings Other Liabilities & Provisions TOTAL ASSETS Cash & Balance with RBI Bal. with banks & money at call Investments Advances Fixed Assets Other Assets TOTAL
171.03 4934.77 36913.53 2166.13 1984.03 46169.49
171.05 5274.93 47263.46 2926.15 2067.95 57703.54
171.05 5476.81 46742.46 3030.22 2550.51 57971.05
2790.49 642.41 13146.84 28240.02 287.07 1062.66 46169.49
3378.33 295.91 18798.11 33606.69 289.23 1335.27 57703.54
3256.40 918.11 18644.60 33206.07 307.67 1638.20 57971.05
6
Profit & Income Growth Rs in Cr
Q3 FY 11
665.96
Q3 FY 12 568.94 528.03 447.25
418.72 356.71
201.87 143.1
Net Profit
121.69
Opearting Profit
*Total Income = Other Income + Net Interest Income
137.93
Other Income
Net Interest Income
Total Income*
7
Core Business Portfolio Rs in Cr Advance 46,742 33,206
Q3 FY 11
33,607
28,240
36,914
47,263
Deposit
Q2 FY 12
Q3 FY 12
8
Deposit Growth Rs in Cr Q3 FY 11
Q3 FY 12
Savings Deposits
8842.52
11101.61
Demand Deposits
2096.24
2295.16
High Value Deposits
6247.76
7873.40
Other Term Deposits
19727.01
25472.29
Total Deposits
36913.53
46742.46
Constitution of Total Business CASA HIGH VALUE
29% OTHER TERM DEPOSIT
54% 17%
9
Deposit Growth - Retail Rs in Cr Q3 FY 11 38678
Q3 FY 12 30395
11102 8843 2096
Savings Deposits
Demand Deposits
2295
5596
7375
NRE Deposits
Retail Deposit
10
Deposit Composition Rs in Cr
RETAIL DEPOSIT
LOW COST DEPOSIT NRE TD
SB
FCAB
1125.13
CD 1382.05
Others
CASA
998.95
11101.61 8842.52
2295.16
13186.04
2096.24
10810.81
19455.8
25281.39
Q3 FY 11 Q3 FY 11
1552.24
Q3 FY 12
Q3 FY 12
11
Credit Growth
Rs in Cr Q3 FY 11
LARGE CORPORATE ADVANCE
Q3 FY 12
10923.03
14571.05
SME ADVANCE
9284.59
9862.76
RETAIL ADVANCE
8943.39
9870.43
GROSS ADVANCE
29151.01
34304.24
Agri Advance
LARGE CORPORATE ADVANCE SME ADVANCE RETAIL ADVANCE
31%
37%
32% 4172.76
Q3 FY 11 Q3 FY 12
3591.81
29% 42%
29% Q3 FY 11
Q3 FY 12
12
Retail Book Composition Q3 FY 12
3%
2% 3% 5%
11%
Rs in Cr 4% 19% Adv against Dep
53% Education Loan Gold Loan 4%
5% 1%
6%
10%
Housing Loan 3% Mortgage Loan 10%
Other Retail Loans Personal Loan 62%
Vehicle Loan
Q3 FY 11 13
Top Industrial Exposure Rs in Cr SECTOR
Q3 FY 11
POWER
1949
NBFC
1899
HOUSING FINANCE (INDIRECT)
1249
PETROLEUM
803
IRON AND STEEL
799
FOOD CREDIT
770
ROAD & PORT
735
AVIATION
413
ENGG CONTRACTOR
399
TELECOM
362
Exposure to Infrastructure at Rs 3622 Cr 14
Treasury Portfolio Rs in Cr
Q3 FY 11
Q2 FY 12
Q3 FY 12
HFT
555.62
1334.49
690.92
AFS
2802.37
6292.57
5992.18
HFT + AFS
3357.99
7627.06
6683.10
HTM
9816.55
11745.75
13614.97
13174.54
19372.81
20298.07
of which SLR
9488.27
12586.68
13806.23
Non-SLR
3686.27
6786.13
6491.84
190
190
190
Total Investments
IFR
15
Cost, Yield & NIM Rs in Cr Q3 FY 11 Q2 FY 12 Q3 FY 12
12.74
12.91
11.06
7.44 7.57
7.28
7.57
7.79
6.03 4.31
Cost of deposit
Yield on Advance
Yield on Investment
3.77
Net Interest Margin
16
3.94
Margins Rs in Cr
Q3 FY 11 (3 months)
Q3 FY 12 (3 months)
Yield on Advance
11.06
12.91
Cost of Deposits
6.03
7.57
Interest Spread
5.03
5.34
Yield on Investments
7.28
7.79
Net Interest Margin
4.31
3.94
Cost to Income Ratio
37.3
37.13
17
NIM & Cost of Funds NIM 4.44
3.94
4.31
4
3.77 3.87
Q2 FY 11
Q3 FY 11
Q4 FY 11
Q1 FY 12
Q2 FY 12
7.09 6.03
6.08
Q2 FY 11
Q3 FY 11
Q3 FY 12
7.59
7.57
6.38
Q4 FY 11
Q1 FY 12
Q2 FY 12
Average Cost of Funds
18
Q3 FY 12
NPA Movement 1299 1153
1250
1148
Rs in Cr
1363
Gross NPA Net NPA 227
236
191
Q3 FY 11
Q4 FY 11
Q1 FY 12
244
196
Q2 FY 12
Q3 FY 12
Provision Coverage Ratio at 80.54% 0.81
0.74 0.74
0.6
0.58
Net NPA % Q3 FY 11
Q4 FY 11
Q1 FY 12
Q2 FY 12
Q3 FY 12
19
Restructured Portfolio & Provisions Rs in Cr No. Standard Sub-standard TOTAL
Amount 18
1.66
3
0.02
21
1.68
PROVISIONS
RESTRUCTURED ADVANCE
Q3 FY 11 Investment Losses
Q2 FY 12
Q3 FY 12
1.86
6.82
23.21
127.58
56.98
92.02
Other purposes
12.94
8.39
0.02
Tax
71.23
97.92
101.60
213.61
170.11
216.85
Loan Losses
TOTAL
20
Other Income Rs in Cr
Q3 FY 11
Q2 FY 12
Q3 FY 12
Exchange, Commission & Brokerage Income
31.90
31.35
33.31
Other Fee Income
35.29
36.06
34.03
Net Profit on Forex Transactions
5.22
18.83
27.66
Profit on sale of securities
8.21
14.06
15.63
39.30
13.64
27.68
1.77
3.02
-0.38
121.69
116.96
137.93
Recovery from assets written off Other Receipts Total
21
Key Ratios 14.29 14.56 1.44
11.37
1.41 Q3 FY 11
1.30 Q2 FY 12 Q3 FY 12
RETURN ON ASSETS (%)
44.70
47.21
RETURN ON EQUITY (%) 330.19 318.39
33.47 298.53
EARNINGS PER SHARE
BOOK VALUE PER SHARE
22
Productivity Ratios Rs in Cr 0.08
0.09
9.45
0.07
9.16
7.96
Q3 FY 11 PROFIT PER EMPLOYEE
Q2 FY 12 0.25 0.19
0.24
BUSINESS PER EMPLOYEE
Q3 FY 12
106.83 88.40
PROFIT PER BRANCH
95.75
BUSINESS PER BRANCH
23
Distribution Network State Andhra Pradesh Assam Bihar Chandigarh Chattisgarh Goa Gujarat Haryana Jammu & Kashmir Jharkhand Karnataka Kerala Madhya Pradesh Maharashtra Meghalaya Mizoram Nagaland New Delhi Orissa Puducherry Punjab Rajasthan Tamilnadu Uttar Pradesh Uttarakhand West Bengal Grand Total
No of Br 26 6 1 1 2 4 20 9 1 5 60 491 3 77 1 1 1 19 5 2 6 4 62 10 1 17 835
• 835 branches spread across 27 states
• Presence across various geographies – 124 branches in metros, 173 in urban centres, 408 in semi-urban centres and 130 in rural areas • Two currency chests • Corporate Banking Branches at Mumbai and New Delhi • One Overseas Representative Office at Abudhabi, UAE • 8 Zonal Offices across the country • 31 Regional Offices across the country • 6 Extension Counters at various locations • 891 ATMs across 129 metro centres, 231 urban centres, 441
semi-urban locations and 90 rural areas • Retail and SME hubs established across major centers in India for faster processing of loans and advances
24
Business Distribution
Kerala
DEPOSITS
ADVANCES
Outside Kerala
50%
39%
50% 61%
25
Product Range Deposits
RETAIL BANKING
CORPORATE
BANKING
TREASURY
Savings Bank variants Current Account variants Fixed Deposits Recurring Deposits
Loans Car / 2 wheeler loans Home Loans Home Overdrafts Mortgage Loans Loans against securities Educational Loans Gold Loans Personal Loans
Other services Gold Coin sales Debit Cards POS terminals On-line bill payments NRI Services Insurance Product sales Mutual Fund sales Depository Services On-line equity trading PIS for NRI’s
Working Capital Working Capital Term Loans Term Loans Collection ofbills bills Collection of
Letter credit Letter of of credit Bank Guarantee Bank Guarantee Forex and Derivatives Derivatives Forex and Cash ManagementServices Services Cash Management Syndication
Currency Futures Currency Futures Structured products to to HNIs HNIs Structured products Derivative products Derivative products G-Sec retailing G-Sec retailing Retailing of debt debtinstruments instruments Retailing of Buyer’s Buyer’s credit credit
OTC Contracts OTC Contracts Outward remittances hub hub Outward remittances On-line SMEforex forextrading trading On-line SME Rate DataCell Cell Rate Research Research Data Option Trading Option Trading Offshore Bankingunit unit Offshore Banking
External Ratings Fixed Deposit
P1+
Certificate of Deposit
P1+
Bonds
AA- (Ind)
Bonds
AA
• The Fixed Deposits and Certificates of Deposits enjoy the highest rating in that class • Bonds have been a rating, which are considered to offer high safety and carrying very low credit risk 27
Subsidiaries & JVs IDBI Federal Life Insurance Co. Ltd. • Bank’s Joint Venture Life Insurance Company, in association with IDBI Bank and Ageas • Federal Bank holds 26 % equity in the J.V. • Started selling life insurance products from March 2008
FedBank Financial Services Ltd. • • • •
Fully owned subsidiary of the Bank with NBFC license Marketing Retail Asset Products of the Bank Retail Hubs established at major centres all over India Separate mechanism established for speedy and dedicated processing of retail loans sourced through this channel
UAE Representative Office • Representative Office at Abu Dhabi, Capital of U.A.E., established in 2008 • Gateway of the Bank to the whole of Middle East • Increased the reach of the Bank among Non-Resident Indians in the Gulf countries
28
Major Investments Entity
% Equity
Fedbank Financial Services Limited
100.00%
IDBI Federal Life Insurance Company of India Limited
26.00%
Credit Analysis and Research Limited
5.00%
United Stock Exchange of India Limited
6.00%
Experian Credit and Information Company of India Limited
5.00%
29
Share Holding Pattern
12%
Mutual Funds
19%
Financial Inst. & Banks
7%
FIIs 6% 1%
Corporate Bodies GDR
14%
Foreign Corporate Bodies 41%
Individuals
30
Thank You
31
Q3 FY 12
Performance Highlights 1.44
1.41
Profitability Measure ROA 1.30 14.29
14.56
11.37
Shareholder Value Measure ROE
37.30
Efficiency Measure
COST-INCOME 0.81
0.74 0.58
Risk Appetite Measure
Q3 FY 11
NET NPA%
Q2 FY 12
Q3 FY 12
2
38.91
37.13
Financial Highlights Q3 FY 11 V/S Q3 FY 12 Net Profit at Rs 201.87 Cr (up by 41.07%) Other Income gone up to Rs 137.93 Cr (up by 13.34%)
Total income increased to Rs 1604.76 Cr (up by 40.33%) Operating profit improved to Rs 418.72 Cr (up by 17.39%) NIM at 3.94% (4.31%) EPS at Rs 47.21 (33.47) Net NPA at 0.74% (0.81%) BV per Share at Rs 330.19 (298.53) ROA at 1.41% (1.30)
ROE at 14.56% (11.37) Cost to Income decreased to 37.13% (37.30) Capital Adequacy Ratio at 15.91% 3
Business Growth Rs in Cr
DEPOSIT GROWTH
Deposits
46742
26.63%
CASA
13186
21.97%
Retail Deposits
38678
27.25%
NRE Deposits
7375
31.78%
Net Advance
33206
17.59%
SME Advance
9863
6.23%
Retail Advance
9870
10.37%
14571
33.40%
Corporate Credit
4
CREDIT GROWTH
Key Financials Rs in Cr Q3 FY 11
Interest Income
Q2 FY 12
Q3 FY 12
Y-o-Y
1021.88
1367.83
1466.83
43.54%
Interest Expenses
574.63
893.42
938.80
63.37%
Net Interest Income
447.25
474.41
528.03
18.06%
Other Income
121.69
116.96
137.93
13.34%
Total Income
1143.57
1484.79
1604.76
40.33%
Total Expenditure
786.86
1123.52
1186.04
50.73%
Operating Profit
356.71
361.27
418.72
17.39%
Net Profit
143.10
191.16
201.87
41.07%
4.31
3.77
3.94
-8.48%
37.30
38.91
37.13
-0.48%
Net Interest Margin (%) Cost to Income Ratio (%)
5
Balance Sheet Rs in Cr Q3 FY 11
Q2 FY 12
Q3 FY 12
LIABILITIES Capital Reserves & Surplus Deposits Borrowings Other Liabilities & Provisions TOTAL ASSETS Cash & Balance with RBI Bal. with banks & money at call Investments Advances Fixed Assets Other Assets TOTAL
171.03 4934.77 36913.53 2166.13 1984.03 46169.49
171.05 5274.93 47263.46 2926.15 2067.95 57703.54
171.05 5476.81 46742.46 3030.22 2550.51 57971.05
2790.49 642.41 13146.84 28240.02 287.07 1062.66 46169.49
3378.33 295.91 18798.11 33606.69 289.23 1335.27 57703.54
3256.40 918.11 18644.60 33206.07 307.67 1638.20 57971.05
6
Profit & Income Growth Rs in Cr
Q3 FY 11
665.96
Q3 FY 12 568.94 528.03 447.25
418.72 356.71
201.87 143.1
Net Profit
121.69
Opearting Profit
*Total Income = Other Income + Net Interest Income
137.93
Other Income
Net Interest Income
Total Income*
7
Core Business Portfolio Rs in Cr Advance 46,742 33,206
Q3 FY 11
33,607
28,240
36,914
47,263
Deposit
Q2 FY 12
Q3 FY 12
8
Deposit Growth Rs in Cr Q3 FY 11
Q3 FY 12
Savings Deposits
8842.52
11101.61
Demand Deposits
2096.24
2295.16
High Value Deposits
6247.76
7873.40
Other Term Deposits
19727.01
25472.29
Total Deposits
36913.53
46742.46
Constitution of Total Business CASA HIGH VALUE
29% OTHER TERM DEPOSIT
54% 17%
9
Deposit Growth - Retail Rs in Cr Q3 FY 11 38678
Q3 FY 12 30395
11102 8843 2096
Savings Deposits
Demand Deposits
2295
5596
7375
NRE Deposits
Retail Deposit
10
Deposit Composition Rs in Cr
RETAIL DEPOSIT
LOW COST DEPOSIT NRE TD
SB
FCAB
1125.13
CD 1382.05
Others
CASA
998.95
11101.61 8842.52
2295.16
13186.04
2096.24
10810.81
19455.8
25281.39
Q3 FY 11 Q3 FY 11
1552.24
Q3 FY 12
Q3 FY 12
11
Credit Growth
Rs in Cr Q3 FY 11
LARGE CORPORATE ADVANCE
Q3 FY 12
10923.03
14571.05
SME ADVANCE
9284.59
9862.76
RETAIL ADVANCE
8943.39
9870.43
GROSS ADVANCE
29151.01
34304.24
Agri Advance
LARGE CORPORATE ADVANCE SME ADVANCE RETAIL ADVANCE
31%
37%
32% 4172.76
Q3 FY 11 Q3 FY 12
3591.81
29% 42%
29% Q3 FY 11
Q3 FY 12
12
Retail Book Composition Q3 FY 12
3%
2% 3% 5%
11%
Rs in Cr 4% 19% Adv against Dep
53% Education Loan Gold Loan 4%
5% 1%
6%
10%
Housing Loan 3% Mortgage Loan 10%
Other Retail Loans Personal Loan 62%
Vehicle Loan
Q3 FY 11 13
Top Industrial Exposure Rs in Cr SECTOR
Q3 FY 11
POWER
1949
NBFC
1899
HOUSING FINANCE (INDIRECT)
1249
PETROLEUM
803
IRON AND STEEL
799
FOOD CREDIT
770
ROAD & PORT
735
AVIATION
413
ENGG CONTRACTOR
399
TELECOM
362
Exposure to Infrastructure at Rs 3622 Cr 14
Treasury Portfolio Rs in Cr
Q3 FY 11
Q2 FY 12
Q3 FY 12
HFT
555.62
1334.49
690.92
AFS
2802.37
6292.57
5992.18
HFT + AFS
3357.99
7627.06
6683.10
HTM
9816.55
11745.75
13614.97
13174.54
19372.81
20298.07
of which SLR
9488.27
12586.68
13806.23
Non-SLR
3686.27
6786.13
6491.84
190
190
190
Total Investments
IFR
15
Cost, Yield & NIM Rs in Cr Q3 FY 11 Q2 FY 12 Q3 FY 12
12.74
12.91
11.06
7.44 7.57
7.28
7.57
7.79
6.03 4.31
Cost of deposit
Yield on Advance
Yield on Investment
3.77
Net Interest Margin
16
3.94
Margins Rs in Cr
Q3 FY 11 (3 months)
Q3 FY 12 (3 months)
Yield on Advance
11.06
12.91
Cost of Deposits
6.03
7.57
Interest Spread
5.03
5.34
Yield on Investments
7.28
7.79
Net Interest Margin
4.31
3.94
Cost to Income Ratio
37.3
37.13
17
NIM & Cost of Funds NIM 4.44
3.94
4.31
4
3.77 3.87
Q2 FY 11
Q3 FY 11
Q4 FY 11
Q1 FY 12
Q2 FY 12
7.09 6.03
6.08
Q2 FY 11
Q3 FY 11
Q3 FY 12
7.59
7.57
6.38
Q4 FY 11
Q1 FY 12
Q2 FY 12
Average Cost of Funds
18
Q3 FY 12
NPA Movement 1299 1153
1250
1148
Rs in Cr
1363
Gross NPA Net NPA 227
236
191
Q3 FY 11
Q4 FY 11
Q1 FY 12
244
196
Q2 FY 12
Q3 FY 12
Provision Coverage Ratio at 80.54% 0.81
0.74 0.74
0.6
0.58
Net NPA % Q3 FY 11
Q4 FY 11
Q1 FY 12
Q2 FY 12
Q3 FY 12
19
Restructured Portfolio & Provisions Rs in Cr No. Standard Sub-standard TOTAL
Amount 18
1.66
3
0.02
21
1.68
PROVISIONS
RESTRUCTURED ADVANCE
Q3 FY 11 Investment Losses
Q2 FY 12
Q3 FY 12
1.86
6.82
23.21
127.58
56.98
92.02
Other purposes
12.94
8.39
0.02
Tax
71.23
97.92
101.60
213.61
170.11
216.85
Loan Losses
TOTAL
20
Other Income Rs in Cr
Q3 FY 11
Q2 FY 12
Q3 FY 12
Exchange, Commission & Brokerage Income
31.90
31.35
33.31
Other Fee Income
35.29
36.06
34.03
Net Profit on Forex Transactions
5.22
18.83
27.66
Profit on sale of securities
8.21
14.06
15.63
39.30
13.64
27.68
1.77
3.02
-0.38
121.69
116.96
137.93
Recovery from assets written off Other Receipts Total
21
Key Ratios 14.29 14.56 1.44
11.37
1.41 Q3 FY 11
1.30 Q2 FY 12 Q3 FY 12
RETURN ON ASSETS (%)
44.70
47.21
RETURN ON EQUITY (%) 330.19 318.39
33.47 298.53
EARNINGS PER SHARE
BOOK VALUE PER SHARE
22
Productivity Ratios Rs in Cr 0.08
0.09
9.45
0.07
9.16
7.96
Q3 FY 11 PROFIT PER EMPLOYEE
Q2 FY 12 0.25 0.19
0.24
BUSINESS PER EMPLOYEE
Q3 FY 12
106.83 88.40
PROFIT PER BRANCH
95.75
BUSINESS PER BRANCH
23
Distribution Network State Andhra Pradesh Assam Bihar Chandigarh Chattisgarh Goa Gujarat Haryana Jammu & Kashmir Jharkhand Karnataka Kerala Madhya Pradesh Maharashtra Meghalaya Mizoram Nagaland New Delhi Orissa Puducherry Punjab Rajasthan Tamilnadu Uttar Pradesh Uttarakhand West Bengal Grand Total
No of Br 26 6 1 1 2 4 20 9 1 5 60 491 3 77 1 1 1 19 5 2 6 4 62 10 1 17 835
• 835 branches spread across 27 states
• Presence across various geographies – 124 branches in metros, 173 in urban centres, 408 in semi-urban centres and 130 in rural areas • Two currency chests • Corporate Banking Branches at Mumbai and New Delhi • One Overseas Representative Office at Abudhabi, UAE • 8 Zonal Offices across the country • 31 Regional Offices across the country • 6 Extension Counters at various locations • 891 ATMs across 129 metro centres, 231 urban centres, 441
semi-urban locations and 90 rural areas • Retail and SME hubs established across major centers in India for faster processing of loans and advances
24
Business Distribution
Kerala
DEPOSITS
ADVANCES
Outside Kerala
50%
39%
50% 61%
25
Product Range Deposits
RETAIL BANKING
CORPORATE
BANKING
TREASURY
Savings Bank variants Current Account variants Fixed Deposits Recurring Deposits
Loans Car / 2 wheeler loans Home Loans Home Overdrafts Mortgage Loans Loans against securities Educational Loans Gold Loans Personal Loans
Other services Gold Coin sales Debit Cards POS terminals On-line bill payments NRI Services Insurance Product sales Mutual Fund sales Depository Services On-line equity trading PIS for NRI’s
Working Capital Working Capital Term Loans Term Loans Collection ofbills bills Collection of
Letter credit Letter of of credit Bank Guarantee Bank Guarantee Forex and Derivatives Derivatives Forex and Cash ManagementServices Services Cash Management Syndication
Currency Futures Currency Futures Structured products to to HNIs HNIs Structured products Derivative products Derivative products G-Sec retailing G-Sec retailing Retailing of debt debtinstruments instruments Retailing of Buyer’s Buyer’s credit credit
OTC Contracts OTC Contracts Outward remittances hub hub Outward remittances On-line SMEforex forextrading trading On-line SME Rate DataCell Cell Rate Research Research Data Option Trading Option Trading Offshore Bankingunit unit Offshore Banking
External Ratings Fixed Deposit
P1+
Certificate of Deposit
P1+
Bonds
AA- (Ind)
Bonds
AA
• The Fixed Deposits and Certificates of Deposits enjoy the highest rating in that class • Bonds have been a rating, which are considered to offer high safety and carrying very low credit risk 27
Subsidiaries & JVs IDBI Federal Life Insurance Co. Ltd. • Bank’s Joint Venture Life Insurance Company, in association with IDBI Bank and Ageas • Federal Bank holds 26 % equity in the J.V. • Started selling life insurance products from March 2008
FedBank Financial Services Ltd. • • • •
Fully owned subsidiary of the Bank with NBFC license Marketing Retail Asset Products of the Bank Retail Hubs established at major centres all over India Separate mechanism established for speedy and dedicated processing of retail loans sourced through this channel
UAE Representative Office • Representative Office at Abu Dhabi, Capital of U.A.E., established in 2008 • Gateway of the Bank to the whole of Middle East • Increased the reach of the Bank among Non-Resident Indians in the Gulf countries
28
Major Investments Entity
% Equity
Fedbank Financial Services Limited
100.00%
IDBI Federal Life Insurance Company of India Limited
26.00%
Credit Analysis and Research Limited
5.00%
United Stock Exchange of India Limited
6.00%
Experian Credit and Information Company of India Limited
5.00%
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Share Holding Pattern
12%
Mutual Funds
19%
Financial Inst. & Banks
7%
FIIs 6% 1%
Corporate Bodies GDR
14%
Foreign Corporate Bodies 41%
Individuals
30
Thank You
31
