Provisions and contingencies plunged 96% to Rs 5.93 crore in Q3FY2016 from Rs 153.17 crore in Q3FY2015. Depreciation provisions trebled to Rs 17.24 crore in Q3FY2016. The profit before taxes declined 27% to Rs 463.19 crore in the quarter ended December 2015. The effective tax rate was higher at 33.3% in Q3FY2016 compared with 32% in Q3FY2015. The net profit dipped 58% to Rs 176.18 crore for Q3FY2016.

• In one quarter, non-fund business was over 5% of credit outstanding
• New product offerings include all non-funded products like LCs/ BGs, working capital products, trade finance and market risk management products like FX and derivatives
• Total number of branches were 24 (Bharat Bank : 16, Commercial & Wholesale Bank : 7 and Personal & Business Bank : 1)
• Asset quality stable with strong provisions cover. Net NPLs at 1% and net restructured accounts at 4.3%
• Deposits stood at Rs 1,646 crore, CASA at Rs 324 crore and Term Deposits at Rs 1,322 crore
• Well Capitalized Bank with total Capital Adequacy Ratio (CAR) of 20.3% and Tier 1 CAR of 19.6% under Basel III

• Outstanding portfolio consists of 17 assets amounting to Rs 735 crore.
• Raised bonds of Rs 705 crore through five issuances.
• Tier-I Capital of Rs 473 crore at end December 2015
• AAA rated entity
• RBI granted an extension upto 2 years (25-11-2017) to dilute equity holding of IDFC NOFHC to 49%

• Average AUM of Rs 54440 crore
• Equity AUM comprises 26% of total AUM
• Total Market share at 4.1% (Debt: 5.3%; Equity: 3.0%)

• Total AUM of over Rs 16000 crore across 7 funds in 3 asset classes
• Total of 71 investments across funds
• 37 exits (including partial)

• Ranked analysts in Institutional Investor Survey
• Rated brokerage house by Asia Money and Starmine Awards

Book value of the company stood at Rs 62.7 per share at end December 2015.

YTD Financial Performance

Total Income grew declined 3% yoy to Rs 6912.02 crore in the nine months ended December 2015 (9MFY2016). Interest expenses increased 5% to Rs 4374.4 crore and the other expenses increased 58% to Rs 810.12 crore in 9MFY2016. Operating profits declined 30% to Rs 1727.50 crore in 9MFY2016. Provisions and contingencies declined 48% to Rs 330.54 crore. After considering exceptional item of Rs 2638.72 crore, the losses before taxes came in at Rs 1274.56 crore. Tax Provisions write back stood at Rs 412.09 crore in 9MFY2016. Finally, the net losses stood at Rs 1065.25 crore in 9MFY2016.