Business composition improved in respect of CASA and Retail Advance portfolio
CASA increased to Rs.90,071 crore as on September 30, 2018 from Rs.85,376 crore as on September 30, 2017. CASA as on September 30, 2018 stood at 38% of total deposits.
Savings Bank Deposits increased by 11% to Rs.57,035 crore as on September 30, 2018 from Rs.51,488 crore as on September 30, 2017.
The composition of Advances portfolio Corporate Vs Retail was realigned. (54:46 as on September 30, 2018 as against 61:39 as on September 30, 2017).
Structured Retail Assets portfolio increased by Rs. 6075 crore or 14.56% to Rs. 47793 crore as on September 30, 2018 from Rs. 41718 crore as on September 30, 2017.
Profitability
Cost efficiency strengthened further with reduction in Cost of Deposits and Cost of
Funds
Cost of Deposits reduced by 24 bps to 5.41% for QE September 2018 from 5.65% for QE September 2017.
Cost of Funds reduced by 16 bps to 5.79% for QE September 2018 from 5.95% for QE September 2017.
Operating Profit stands at Rs.850 crore for QE Sep 2018 against Rs. 2803 crore for QE
Sep 2017. The September 2017 results includes Rs.1337 crore as profit from sale of Non-Core Assets.
Interest Expenditure reduced by 7% to Rs.4,055 crore for QE Sep 2018 from Rs. 4347 crore for QE Sep 2017.
Net Interest Income stands at Rs.1301 crore for the QE Sep 2018 against Rs. 1657 crore for QE Sep 2017.
Net Loss stands at Rs.3602 crore for QE Sep 2018 as against Net Loss of Rs.2410 crore for QE June 2018 and Rs. 198 crore for QE Sep 2017 on account of higher provisioning.
Asset Quality
Provision Coverage Ratio (PCR) improved to 68.72% as on September 30, 2018 from 54.56% as on September 30, 2017.
Gross NPA and Net NPA Ratio stood at 31.78% and 17.30% respectively as on
September 30, 2018.
Slippages during the quarter were Rs.3489 crore which were lowest during last 6 quarters.
Recovery from written-off accounts improved to Rs.148 crore for QE September 2018 from Rs. 34 crore for QE September 2017.
Capital
CET 1 capital of the Bank stands at 3.87% as on September 30, 2018 ( 6.56% as on
September 30, 2017) CRAR stood at 6.22% as on September 30, 2018.
Risk Weighted Assets (RWA) reduced by Rs. 55,013 crore or 22% to Rs.1,92,028 crore over September 30, 2017.
During the quarter, Bank received capital of Rs. 2098 crore from Life Insurance Corporation of India.
Focus Areas
Improving CASA and Retail Deposit base thereby containing cost of deposits.
Strengthening the Balance Sheet through augmenting Retail Business and realignment of corporate and Retail portfolio.
Focus on NPA resolution, recovery from written off cases and improving the provision coverage.
Mumbai, November 14, 2018: The Board of Directors of IDBI Bank Ltd. (IDBI) met
in Mumbai today to consider the financial results for the quarter ended September 30, 2018.
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IDBI Bank Limited published this content on 14 November 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 14 November 2018 10:38:07 UTC
IDBI Bank Limited is an India-based bank. The Company's segments include Treasury, Corporate/Wholesale Banking, Retail Banking and Other Banking Operations. The Treasury segment includes all investments, money market operations, derivative trading, and foreign exchange operations on the proprietary account and for customers. The Retail Banking segment includes credit and deposit activities that are primarily oriented towards individuals and small business including priority sector lending. The Retail Banking segment also encompasses payment and alternate channels like automated teller machine (ATMs), point of sale (POS) machines, Internet banking, mobile banking, credit cards, debit cards, travel/currency cards, third party distribution and transaction banking services. The Corporate/Wholesale Banking segment includes corporate relationship covering deposit and credit activities other than retail. The Company also covers corporate advisory/syndication and project appraisal.
IDBI BANK LIMITED 
