J&K Bank Investor Presentation Q1 FY 2024-25 PDF

Investor Presentation Q1 FY 2024-25 1 Disclaimer The Jammu and Kashmir Bank has created this presentation exclusively for general informational purpose, disregarding any individual's informational demands, financial circumstances, or special goals. Except for...

Investor Presentation Q1 FY 2024-25 1 Disclaimer The Jammu and Kashmir Bank has created this presentation exclusively for general informational purpose, disregarding any individual's informational demands, financial circumstances, or special goals. Except for the historical information contained herein, statements in this presentation that contain terms or phrases like "is," "aims," "will," "would," "indicating," "expected to," "guidance," "way forward," "expected," "estimate," "objective," "goal," "strategy," "philosophy," "project," etc., and similar expressions or variations of such expressions may constitute ‘forward-looking statements’. Several risks, uncertainties and other factors are included in these forward-looking statements and they have the potential to cause actual results to differ materially from those predicted by the statements. While the Bank has made reasonable assumptions to support the forward-looking statements, if any, in this presentation, there are still risks and uncertainties that could affect the Bank's ability to successfully implement its strategy. The risks and uncertainties may include the dynamic and complex internal and external environment, market, business, legal risks/changes in law, etc. which may affect the future levels of non- performing loans, the Bank's growth and expansion in business, the impact of any acquisitions, the adequacy of its allowance for credit losses, its provisioning policies, the actual growth in demand for banking products and services, investment income, cash flow projections and all other aspects of business. Note: “Financial figures in the presentation are from Audited Financials/Limited Reviewed financials or have basis upon the forward-looking statements, if any used in the presentation, that in turn are based on Management estimates. Anyone who relies on these financial data will do it at their own risk and responsibility and the Bank is not responsible for any gains or losses that result from the use of this data”. 2  Jammu and Kashmir Bank Limited has strong market presence in the J&K and Ladakh regions 1 | Overview of the Bank 3  Jammu and Kashmir Bank Limited – Oldest Private Sector Banks in India Jammu and Kashmir Bank Limited was incorporated on October 1, 1938 236552 235923 and today caters to a wide range of customers including retail, corporate, 212655 194549 (₹ CRORE ) agriculture and MSME. 101777 103350 90617 Widespread Branch Network: 1001 Branches, of which 832 are operating 79839 in the UT of J&K, 37 in UT of Ladakh and 132 branches outside the UTs of J&K and Ladakh. Has presence across 22 states / UTs 122038 134775 132573 114710 The GoJK is a majority holder, however the Bank enjoys full operational autonomy. The Bank has a subsidiary called JKB Financial Services Limited and is also the Sponsor bank of J&K Grameen Bank Limited. Mar-22 Mar-23 Mar-24 Jun-24 Deposits Total Advances(incl. TWO) Business The Bank leverages technology to exploit opportunities and deliver products and services. 1,767 1,197 Strong market presence and designated as Agency Bank by RBI for 415 502 conducting government banking in UTs of J&K and Ladakh. FY2021-22 FY2022-23 FY2023-24 Q1 FY2024-25 PAT (₹ crore) J&K Bank stands as a pillar of support for the local communities while also extending its exceptional services beyond these regions. TWO – Technical Write Off 4  2021-2024 Journey of 8 Decades  Global CSR Excellence & Leadership Award  Top Banker Award for PMEG Listing on Stock  Awarded with Development Exchanges Leadership Award 2023 at 14th 2000s Agriculture Leadership Conclave 2023.  Licensed Status  Prestigious ‘Times Now India’s  Sponsored RRB 1980s Impactful CEO - 2023’ Award Bank Incorporated 2010-2020 bestowed upon MD & CEO Baldev and Business Prakash. Commences  First Scheduled Commercial Bank 1990s (SCB) in the country to have been awarded Payment Card Industry  IT Developed to offer Data Security Standard (PCIDSS) 1970s Internet Banking Version 4 Certification for both  Tied up with an MNC Issuance and Acquiring Business.  Sponsored 2nd RRB for Bancassurance  Best Performance Award in CASA - 1938-39 India (1st Runner up in Small Bank Category) at ICC Emerging Asia Banking Conclave & Awards 2022  Gold Award at Infosys Finacle Innovation Awards – 2023 under the category of Process innovation. 5  Interest Earnings and Advances Mix 12000 3% 10000 Gross Advances Mix – March 31, 2024 3.10% 20.20% Corporate 4% Advances 8000 22.10% 32.6% Retail Advances 20.90% 67.4% 6000 76.80% 4000 3.40% 74.80% 75.10% Gross Advances Mix – June 30, 2024 20.40 2000 Corporate 76.20% Advances Retail 35.2% 0 Advances Q1 FY2024- FY2021-22 FY2022-23 FY2023-24 64.8% 25 Other Interest Income 321 286 338 102 Interest on Investments 1677 2071 2265 610 Interest on Advances 6015 6998 8609 2282 All figures, other than percentage, in ₹ crore 6  Consistent net profit, High PCR, and turnaround on all key metrics 2 | Q1 FY 2024 -2025 Performance Snapshot 7  Q1 FY2024-25 Performance CHANGE YoY CHANGE QoQ Q1 Q4 Q1 PARTICULARS FY 2023-2024 (%) (%) FY 2023-24 FY 2023-24 FY 2024-25 INTEREST EARNED 2,657.08 2,910.18 2994.39 13% 3% 11,212.37 INTEREST EXPENDED 1,373.78 1,604.06 1625.16 18% 1% 6,008.68 NET INTEREST INCOME 1,283.30 1,306.12 1369.23 7% 5% 5,203.69 OTHER INCOME 228.27 224.56 194.10 (15)% (14)% 825.48 OPERATING INCOME 1,511.57 1,530.68 1563.33 3% 2% 6,029.17 OPERATING EXPENSES 983.52 866.85 968.65 (2)% 12% 3,752.29 OPERATING PROFIT 528.05 663.83 594.68 13% (10)% 2,276.88 PROVISIONS & CONTINGENCIES 76.73 -165.05 -17.47 -107.69 PROFIT BEFORE TAX 451.32 828.88 612.15 36% (26)% 2,384.57 PROVISION FOR TAX 124.87 190.21 196.66 57% 3% 617.30 NET PROFIT/LOSS 326.45 638.67 415.49 27% (35)% 1,767.27 All figures, other than percentage, in ₹ crore 8  YOY Comparison at a Glance (Q1 June 2023 vs Q1 June 2024) Profitability Growth Capital Adequacy Asset Quality NIM Deposits Tier I GNPA (%) 3.86% ₹ 1,32,573 crores 12.81% 3.91% (was 3.98%) Up 9 % (was 11.87%) (was 5.77%) PAT Gross Advances Tier II NNPA (%) ₹ 415.49 crores ₹ 98,580 crores 2.26% 0.77% Up 27 % Up 12 % (was 2.96 %) (was 1.39%) RoA Total Business CRAR PCR (%) 1.08% (Including TWO) 15.07% 91.57% (was 0.94%) ₹ 2,35,923crores (was 14.83%) (was 87.55%) Up 10 % 9  Jammu and Kashmir Bank Limited |Key Financial Ratios-Trajectory Cost of Deposits (%) Cost of Funds (%) 4.70 4.78 4.57 4.66 3.92 3.79 3.76 3.65 FY2021-22 FY2022-23 FY2023-24 Jun-24 FY2021-22 FY2022-23 FY2023-24 Jun-24 Yield on Advances (%) Yield on Investments (%) 9.54 9.50 6.68 6.78 5.53 5.89 8.91 8.32 FY2021-22 FY2022-23 FY2023-24 Jun-24 FY2021-22 FY2022-23 FY2023-24 Jun-24 10  Jammu and Kashmir Bank Limited |Key Financial Ratios- Trajectory Return on Assets (%) Return on Average Networth(%) 1.22 1.08 0.89 18.01 15.23 14.82 0.42 7.77 FY2021-22 FY2022-23 FY2023-24 Jun-24 FY2021-22 FY2022-23 FY2023-24 Jun-24 Earnings Per Share (Rs.) Book Value Per Share (Rs.) 16.80 15.09 99.59 104.11 12.43 75.72 80.70 6.04 FY2021-22 FY2022-23 FY2023-24 Jun-24 FY2021-22 FY2022-23 FY2023-24 Jun-24 11  Strong legacy, loyal customer base and an established brand with over 86 years of operations 3 | Key Strengths 12 Key Strengths of the Bank 1 Strong legacy, loyal customer base and an established brand with over 85 years of operations 2 Strong presence in fast growing region of J&K and increasing presence in other strategic regions 3 Healthy mix of retail in overall advances mix with focus on MSME and agriculture segment 4 Consistently growing deposit base with best in class low-cost retail CASA 5 Turnaround Story with increasing PCR and improvement in asset quality 6 Fast improving digital presence 7 Professionally managed Bank with experienced senior management team and board of directors 13  Strong presence in J&K Region and increasing presence across India Urban, Branches in 11%, 832 J&K Semi Urban, Branch 16%, Distribution Rural, 1425 ATMs Metro, Network 55%, 18%, 22 States / UTs Rest of Rest of India, India, 9.0%, 29.3%, Gross Total Advances Deposits J&K and J&K and Ladakh, Ladakh, 91.0%, 70.7%, The J&K and Ladakh growth story continues with major infrastructure under implementation and some strategic ones nearing completion that will drive growth for J&K Bank in the near future All data provided herein pertains to the period ended / as at June 30, 2024 14  Fast improving digital presence Credit Card Users Debit Card Users (in number) (In Lacs) 117847 120788 43.07 44.17 34.62 38.58 82327 78050 MAR-22 MAR-23 MAR-24 JUN-24 MAR-22 MAR-23 MAR-24 JUN-24 Internet Banking Users Mobile Banking Users (In Lacs) (In Lacs) 6.67 25.52 6.77 24.36 5.09 5.60 19.59 15.38 MAR-22 MAR-23 MAR-24 JUN-24 MAR-22 MAR-23 MAR-24 JUN-24 15 Professionally managed Bank with experienced SMPs and Board Of Directors MR. BALDEV PRAKASH (MD & CEO ) MR. NABA KISHORE SAHOO Over three decades with the country’s largest bank Nearly 4 decades of experience and risen through the ranks Multiple degrees and diplomas offered by the IIBF : CAIIB, Diploma in Treasury, Very rich and diverse experience in banking industry with expertise in Credit, Risk Investment and Risk Management, Diploma in International Banking and Finance Management & HR. DR. PAWAN KOTWAL, IAS MR. UMESH CHANDRA PANDEY Presently posted as Advisor to Lieutenant Governor, UT of Ladakh (1994 IAS) Nearly 4 decades of experience as a Chartered Accountant Wealth of Administrative acumen and proficiency having previously served as Strong Competencies in Corporate Law, Taxation, Project Report, M & A Principal Secretary various ministries including P&M Dept. in UT of Ladakh. Transactions, Statutory Compliance Audit – Direct Tax/ Indirect Tax & Labor Laws MR. SANTOSH DATTATRAYA VAIDYA, IAS MR. ANIL KUMAR GOEL Presently posted as Principal Secretary Finance, UT of J&K 1998 AGMUT Qualified Arbitrator & Mediator, Information Systems Auditor (DISA), Forensic B-tech from IIT-Kharagpur PG(Econ) (IGNOU) and Masters in Public Policy from Auditor & Fraud Detector (FAFD) Johns Hopkins University, United States. 34 years expertise in Corporate & Tax Laws, Consultancy, Statutory Audits DR. MANDEEP K BHANDARI, IAS MR. ANAND KUMAR MBBS with Gold Medal, administrative and professional expertise of >20 years (IT) specialist who has experience of more than three decades in IT development Principal Secretary to Hon’ble Lieutenant Governor of UT of J&K and is also and management and is a BE(IT) from IIT and a PGDM from IIM-L. holding charge of CEO Amarnathji Shrine Board Worked at multiple MNCs and large groups: Citigroup, HSBC, Barclays, Fiserv, etc. MR. R. K. CHHIBBER MR. SUDHIR GUPTA Over three decades of banking experience, his areas of expertise include Credit, Over three decades of experience in different capacities across the operational Finance, IT, Corporate & Retail Banking, Risk management, Trade Finance, topography of the Bank with expertise in Credit, Finance, Corporate & Retail Foreign exchange, Business continuity planning, HR, Bancassurance Banking, Customer Service, Trade Finance, Foreign exchange, BCP etc. DR. RAJEEV LOCHAN BISHNOI MS. SHAHLA AYOUB Credit specialist and advises corporates and banks on balance sheet stress, risk Works as an Assistance Professor in the DHE, J&K and brings to Board an processes and improving the overall financial health of the enterprise. affluence of Economic expertise and perspicacity and has strong interests in Partner in Chartered Accountancy firm M/S Jain & Malhotra, New Delhi. Conflict Economics, Financial Inclusion and Developmental Economics. 16  Strong Focus on Growth with Six Key Building Blocks 4 | Key Strategies 17  Key Strategies Focus on improving asset quality and maintaining NPA levels and avoiding slippages Emphasis on retail, agriculture and MSME segment Increase CASA Deposit Base and reduce cost of funds Continue our investments in technology to support our digital banking and reduce the cost Expand beyond Jammu and Kashmir and Increase customer penetration through Focus on increasing Non-interest income through expansion of branch and ATM network interventions in Treasury and Financial Services 18  J&K Bank has demonstrated improvements on several of its Key Performance Indicators 5 | Financial Performance 19  Condensed Profit and Loss Account Q1 Q4 Q1 PARTICULARS FY 2023-2024 FY 2023-24 FY 2023-24 FY 2024-25 INTEREST EARNED 2,657.08 2,910.18 2,994.39 11,212.37 INTEREST EXPENDED 1,373.78 1,604.06 1,625.16 6,008.68 NET INTEREST INCOME 1,283.30 1,306.12 1,369.23 5,203.69 OTHER INCOME 228.27 224.56 194.10 825.48 OPERATING INCOME 1,511.57 1,530.68 1,563.33 6,029.17 OPERATING EXPENSES 983.52 866.85 968.65 3,752.29 OPERATING PROFIT 528.05 663.83 594.68 2,276.88 PROVISIONS & CONTINGENCIES 76.73 -165.05 -17.47 -107.69 PROFIT BEFORE TAX 451.32 828.88 612.15 2,384.57 PROVISION FOR TAX 124.87 190.21 196.66 617.30 NET PROFIT/LOSS 326.45 638.67 415.49 1,767.27 All figures, other than percentage, in ₹ crore 20  Condensed Balance Sheet As on As on As on Particulars Jun 30, 2023 Mar 31, 2024 Jun 30, 2024 Capital & Liabilities Capital 103.16 110.13 110.13 Reserves and Surplus 10,166.52 12,125.55 12,615.82 Deposits 1,21,297.49 1,34,774.89 1,32,573.13 Borrowings 4,389.00 2,885.00 4,525.98 Other Liabilities and Provisions 4,551.51 4,631.02 5,102.49 Total 1,40,507.68 1,54,526.59 1,54,927.55 Assets Cash and Balance with Reserve Bank of India 6,828.43 7,250.08 6,387.75 Balance with Banks & Money at Call & Short Notice 129.06 927.40 101.97 Investments 33,160.31 34,986.71 33,065.84 Advances 84,475.63 93,762.51 95,449.77 Fixed Assets 2,276.84 2,257.48 2,241.85 Other Assets 13,637.41 15,342.41 17,680.37 Total 1,40,507.68 1,54,526.59 1,54,927.55 All figures, other than percentage, in ₹ crore 21  Turnaround Story with Decadal High PCR and improvement in asset quality Gross & Net NPA (%) Provision Coverage Ratio (%) 8.67 91.58 91.57 6.04 GNPA 4.08 3.91 86.20 2.49 NNPA 84.26 1.62 0.79 0.77 Mar-22 Mar-23 Mar-24 Jun-24 Mar-22 Mar-23 Mar-24 Jun-24 CREDIT COST (%) 10.84 Gross Slippage Ratio (%) 0.34 4.56 2.13 0 0 1.31 0.73 0 FY22 FY23 FY24 Q1 FY 2024-25 FY21 FY22 FY23 FY24 Q1 FY 2024-25 22  Key Ratios and Performance Indicators Particulars Q1 FY2024 Q4 FY2024 Q1 FY2025 FY2024 Profitability Net Interest Margin (%) 3.98 3.77 3.86 3.92 Operating Profit (₹ crore) 528.05 663.83 594.67 2276.88 Profit after Tax (₹ crore) 326.45 638.67 415.49 1,767.27 Return on Assets (%) 0.94 1.69 1.08 1.22 Capital Adequacy Tier I Capital (%) 11.87 13.09 12.81 13.09 Tier II Capital (%) 2.96 2.24 2.26 2.24 CET 1 Capital (%) 10.63 12.02 11.76 12.02 CRAR (%) 14.83 15.33 15.07 15.33 Asset Quality Gross NPA (%) 5.77 4.08 3.91 4.08 Net NPA (%) 1.39 0.79 0.76 0.79 Provision Coverage Ratio (%) 87.55 91.58 91.57 91.58 Return Ratios Yield on Advances (%) 9.30 9.48 9.50 9.54 Cost of Funds (%) 4.47 4.83 4.78 4.70 Cost of Deposits (%) 4.32 4.71 4.66 4.57 All figures, other than percentage, in ₹ crore 23 Capital Adequacy Ratios Particulars June 2023 March 2024 June 2024 Risk Weighted Assets: Credit Risk 69,628 82,325 83,920 Market Risk 1,655 1,807 1,505 Operational Risk 8,897 8,896 9,937 15.39 15.33 15.07 Total RWA 80,180 93,029 95,362 13.23 13.09 12.81 12.35 11.73 Tier I Capital Funds 9,519 12,181 12,217 Tier II Capital Funds 2,372 2,085 2,158 Total Capital Funds 11,891 14,266 14,375 3.04 2.24 2.26 1.50 CRAR 14.83 15.33 15.07 Tier-I 11.87 13.09 12.81 Mar-22 Mar-23 Mar-24 Jun-24 Tier-II 2.96 2.24 2.26 Tier I Capital Tier II Capital CRAR All figures, other than percentage, in ₹ crore; Profits of June quarter 2024 are excluded for CRAR 24  Asset Quality | Categories of Advances March 31, 2024 June 2024 Category Amount % of Gross Advances Amount % of Gross Advances Standard 93,026 95.92 94,722 96.09 Sub-Standard 427 0.44 407 0.41 Doubtful 2,750 2.84 2624 2.66 Loss 779 0.80 827 0.84 Gross Advances 96,982 100 98,580 100 % of Standard Special Mention Accounts Amount Amount % of Standard Advances Advances SMA 0 16,751 18.01 20,430 21.56 SMA 1 4,234 4.55 2,881 3.04 SMA 2 2,547 2.74 3,085 3.25 All figures in ₹ crore except in percentage Total SMA 23,532 25.30 26,396 26.78 All figures, other than percentage, in ₹ crore 26 25  Asset Quality | Movement of Gross NPAs Particulars Q1 FY 2024-2025 Q4 FY 2024 FY 2024 At a Gross NPA Level Opening Balance 3,956 4,526 5,204 Additions during the period 178 325 1,112 Upgradations during the period 94 171 903 Write off (including TWO) 15 520 530 Compromise/Settlements 39 32 83 Other Recoveries 128 172 844 Gross NPA 3,858 3,956 3,956 Less Provisioning* 3130 3,219 3,219 Net NPA 728 737 737 *including Netting items. All figures in ₹ crore 26 Sector-Wise Credit Deployment (As of June, 2024) Sector Gross Advances Exposure (%) Gross NPA GNPA % Personal Finance 37905.27 38.45 308.72 0.81 Trade 11507.91 11.67 818.17 7.11 Financial Markets 10936.19 11.09 625.23 5.72 Agriculture 9462.82 9.60 418.50 4.42 Services 9131.02 9.26 688.45 7.54 Manufacturing 9090.61 9.22 601.39 6.62 Infrastructure 6782.82 6.88 206.42 3.04 Against Cash Collaterals 1570.30 1.59 0.69 0.04 Real Estate 180.02 13.05 1379.28 1.40 Others 813.57 0.83 9.99 1.23 Total 98579.79 100.00 3857.58 3.91 All figures, other than percentage, in ₹ crore 27 6 | Annexures 29 Gross Advances Mix Personal Finance Trade & Services Manufacturing Financial Markets Agriculture Others 88,402 86,156 82,035 79,113 98,580 96,982 86,156 10.7 % 11.8 % 75,242 9.6 % 11.6 % 9.7 % 13.4 % 11.0 % 11.6 % 11.1 % 11.5% 10.2% 7.8 % 9.2 % 5.9 % 9.0 % 8.5 % 20.9 % 20.9 % 20.9 % 23.8 % 37.20% 38.20 % 38.5 % 37 % Mar-22 Mar-23 Mar-24 Jun-24 Others 10047 9997 11470 10546 Agriculture 8656 9475 9422 9463 Financial Markets 4425 8778 11286 10936 Manufacturing 6382 7789 7564 9091 Trade & Services 17872 18043 20231 20639 Personal Finance 27860 32074 37009 37905 All figures, other than percentage, in ₹ crore 29  Consistently growing deposit base with best-in-class low-cost retail CASA 1,34,775 1,32,573 1,22,038 1,14,710 Mar-22 Mar-23 Mar-24 Jun-24 Term Deposits 49836 56020 66702 66592 Savings Deposits 50477 52025 53249 52325 Demand Deposits 14398 13993 14824 13655 72% CD Ratio 69.57% CASA Ratio 56.56% 50.51% 49.77% 67.43% 54.10% 61.37% Mar-22 Mar-23 Mar-24 Jun-24 Mar-22 Mar-23 Mar-24 Jun-24 All figures, other than percentage, in ₹ crore 30  Investments Profile Category of Investments Total SLR Non-SLR Income SLR Income Non-SLR Yield Yield Investments Investments Investments Investments Investments Q1 FY25 FY2023-24 FY24 FY24 (%) (%) Government Securities 27458.49 27458.49 0.00 7.27 513.00 0 6.95 Treasury Bills 726.26 726.26 0.00 7.07 12.84 0 7.21 Corporate Bonds 1286.40 0 1286.40 5.23 0.00 14.66 5.15 Commercial Papers 48.24 0 48.24 0 0.00 0.00 0 Others 4435.75 0 4435.75 6.62 0.00 69.07 6.63 Gross Investments 33955.15 28184.75 5770.40 525.84 83.73 7.11 6.90 All figures, other than percentage, in ₹ crore 32  Investments Profile 0.00 726.26 2% 1% 1% CATEGORY OF INVESTMENTS CP Others 0% Corporate 13% G Sec 4435.75 Bonds 81% 27% 4% T Bills 27458.49 2% 70% 48.24 1286.40 Held to Maturity Available for Sale 0.00 SLR INVESTMENTS NON-SLR INVESTMENTS Held For Trading FVTPL Government Securities Treasury Bills Corporate Bonds Commercial Papers ISJ Others All figures, other than percentage, in ₹ crore 33 Awards and Accolades Second best award for J&K Bank MD Baldev Prakash Best MSME Bank at MSME promoting Government honoured with prestigious Banking Excellence Awards Schemes under ‘Private Bank’ Times Now India’s Impactful (2023) category at MSME Banking CEO – 2023 Award Excellence Awards (2023) Award from HUDCO for Gold Award under the Development Leadership outstanding contribution category of Process innovation Award 2023 at 14th towards housing sector in Small Bank segment at Agriculture Leadership under PM Awas Yojana Infosys Finacle Innovation Conclave 2023 Awards - 2023 First Scheduled Commercial Bank in the country to attain J&K Bank’s CFO awarded best Best performance in CASA – the esteemed Payment Card performing CFO for the FY India (1st runner up in Small Industry Data Security 2023 in the small cap category Bank category) at ICC Standard (PCIDSS) Version 4 of the Banks by Dalal Street Emerging Asia Banking certification Investment Journal Conclave & Awards 2022 34  Shareholding Information No. of Shares No. of Shares % to % to Change Particulars held as on Capital held as on Capital YoY Jun 30, 2024 Jun 30, 2023 Shareholding Pattern PROMOTERS as on Jun 30, 2024 65,40,98,280 59% 65,40,98,280 63% 0% 3% 4% RESIDENT INDIVIDUALS 23,98,42,135 22% 27,96,65,952 27% (-14%) 5% 7% 59% FII / FPI 7,88,39,301 7% 2,25,05,423 2% 250% INDIAN MUTUAL FUNDS 4,05,30,293 4% 95,40,000 1% 325% 22% INDIAN FINANCIAL INSTITUTIONS 3,28,38,943 3% 1,46,93,665 1% 123% BODIES CORPORATES 2,65,01,939 2% 2,93,11,954 3% -10% PROMOTERS NON RESIDENT INDIANS RESIDENT INDIVIDUALS 2,07,50,525 2% 1,89,92,459 2% 9% FII / FPI Others (AIF / IEPF / Trusts) 77,14,315 1% 25,67,514 0% 200% INDIAN MUTUAL FUNDS INDIAN FINANCIAL INSTITUTIONS CLEARING MEMBERS 66,732 0% 1,04,614 0% -36% Others Total 1,10,11,82,463 100% 1,03,14,79,861 100% 6.76% 34 Thank You 35