Page 59 - Demo

CORPORATE OVERVIEW
FY 2019-20 achievementS
onboarded 97 new financial institutions to initiate deposit relationships
Total active FIG relationships stood at 260+ on liabilities side and 35 on assets side
Initiated current account relationships with different NBFCs/MFIs and Co-operative Banks during the financial year and achieved reasonable results in developing current account balances
Diversified liabilities portfolio across geographies and different client segments reduced concentration
risk substantially
Developed alternative funding sources such as refinance, lines of credit from banks
for contingencies
Raised wholesale funds in difficult market situation at competitive rates
Reduced reliance on Certificate of Deposit as source of funding
Road ahead
We will consistently focus on building current account (CA) balances from FIG segment
clients. With good synergies and collaborations with branch banking teams, we on-boarded 61 liabilities clients during Fy 2019-20 and propose to enhance the same in
FY 2020-21. Moreover, we seek to expand our asset base by fostering new relationships and enriching current relationships. Our new product initiative will also attract CA floats, fee income from FIG clients.
Besides, we will increase our fee-based income with new products such as Bank Guarantee business and further enhance interbank limits, exposure limit from various mutual funds, insurance companies and various cooperative banks. We will selectively lend to NBFC and MFI clients with good portfolio quality to grow our asset book.
We will also launch Electronic Fixed Deposit Receipt (E-FDR) for the National Stock Exchange of India Limited (NSE) and Bombay Stock Exchange (BSE). We are also introducing current account linked Call Money Product. This product will take on the automated route based on its success. Additionally, we are exploring opportunities with nBFCs and fintechs to
offer digitised collection and payment solutions to augment our CA growth.
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