Our story in numbers

Consistent growth in a
challenging environment

Our secured lending vintage and diversified product mix, ability to mobilise deposits, and well-capitalised balance sheet enabled us to report steady growth despite a sluggish economic environment.

In FY 2019-20, our profitability improved driven by stable margins and asset quality, along with improving cost efficiencies. Overall AUM increased 27% Y-o-Y, with the retail mix increasing to 84% from 78% last year. Deposits grew by 35% Y-o-Y; retail term deposits including CASA accounted for 43% of total deposits, up from 39% a year earlier. Our cost of funds declined by 18 bps Y-o-Y to 7.7%. Our balance sheet remains well capitalised with CAR and Tier 1 ratio at 22.0% and 18.4%, respectively as on 31st March 2020, well above minimum requirements of 15% and 7.5%, respectively. Furthermore, our liquidity position remains robust with LCR at 133% versus the minimum requirement of 90% (as on 31st March, 2020).

Near-term prospects have become quite challenging as an already subdued consumer demand has been significantly impacted by the nationwide lockdown following the outbreak of the novel coronavirus (COVID-19). In FY 2020-21, we will focus on ensuring strong liquidity and capital buffers and keeping asset quality under control. While FY 2020-21 will be a year full of challenges, we will keep an eye out for opportunities that could emerge out of this crisis. Our relatively short vintage as a Bank gives us greater flexibility to adapt quickly and effectively.

Yield on AUM

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Cost of funds

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Net interest margin

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Gross NPA

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Net NPA

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Capital adequacy ratio

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Capital adequacy ratio – Tier I

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Return on average total asset (ROAA)

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Return on average equity (ROAE)

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Net worth

(` in crore)