Highlights:

The bank has completed five years of banking operating and established strong deposits base and achieved strong loan growth during last year's.

The assets of the bank have increased at 5-year CAGR of 30%. The company has also exhibited strong performance during pandemic.

The deposits base of the bank is getting more granular every quarter. The bank has 0.3% share in banking industry deposits.

The bank has 0.4% market share in the banking sector loans with 2.0% share in wheels segment, 0.4% share in MSME loans, 0.1% share in housing loans and negligible share in commercial banking.

In the wheels segment, of the vehicles financed about 53% were new, 36% were used, 9% were tractors and 2% were two-wheelers. The books asset quality has remained stable with GNPA ratio at 2.4%

On small business loans side, the bank is seeding good traction. The segment GNPA ratio is stable at 2.7%.

The housing finance segment momentum is strong and is expected to sustain driven by urbanisation, change in customer behavior and regulatory changes. The housing finance GNPA ratio was steady at 0.45%.

The commercial banking focus is on growing the business banking and agri segments. Asset quality was stable in Q1FY2023.

The bank has issued over 2.4 lakh credit cards and monthly run-rate stands at 30 thousand cards.

As per the bank, about 74% of AUM is fixed rate and remaining 26% is on a floating rate basis.

The bank expects AUM growth to remain near 30% going forward.

The bank aims to maintain cost of funds and margins in FY2023 at similar level to FY2022.

The bank has absorbed the major impact of interest rate movement on MTM.

The bank has continued to invest in branch banking as well as its digital capabilities.

The bank expects to maintain cost-to-income in the range of 60-62% for FY2023 and aims to reduce it to 50% in the longer term.

The capital adequacy ratio of the bank is comfortable and the bank will take a call on capital raising at appropriate time.

As per the bank, about 73% of the loan book is generated post March 2020 and 92% of that is current with a GNPA ratio of 0.48%.

The slippages in the restructured loan book are lower at 15% against expectation of 30%.