Key Business Highlights for the Quarter ended December 31, 2023:
Deposits: Healthy CASA accretion
- Total deposits grew 29%/3% YoY/QoQ to ₹ 29,869 crore from ₹ 23,203 crore/ ₹ 29,139 crore in Dec’22/ Sep’23
- Excess system liquidity moderated further during the quarter
- Strong traction in CASA, up 24%/8% YoY/QoQ to ₹ 7,549 crore; CASA (%) of total deposits at 25.3% vs 24.1% in Sep’23
Assets: Focus on growing secured book
- Gross Loan Book* up 27%/5% YoY/QoQ to ₹ 27,791 crore from ₹ 21,895 crore/ ₹ 26,574 crore in Dec’22/ Sep’23
- Disbursement at ₹ 5,675 crore, up 17% YoY and down 1% QoQ
- Affordable Housing# continues its strong performance with highest ever quarterly disbursement; disbursed ₹ 595 crore up 73%/10% YoY/QoQ
- Secured book inching up at 28.5% Vs 28.1%/ 27.5% as on Dec’22/ Sep’23 as other secured businesses like MSME, micro-mortgage has started to pick-up gradually
- Credit to Deposit ratio at 87.7% Vs 87.4% / 85.4% as on Dec’22/ Sep’23 (excluding IBPC/ Securitisation)
Collections & Asset Quality: Continues to be strong
- Collection continues to be healthy across all buckets
- Credit quality continues to improve with PAR/GNPA at 3.6%/2.1% vs 3.7%/2.2% as on Sep 30, 2023 (including IBPC/Securitisation)