ESG Q1 FY24 Update
Key Business Metrics
New Accounts (Lacs)
16.34
12.95
13.71
9.02
10.97
Q1 FY23
Q2 FY23
Q3 FY23
Q4 FY23
Q1 FY24
Retail Spends (Cr)
22% YOY
20% QOQ
Cards-in-force (Cr)
1.43
21% YOY
3% QOQ
1.73
1.68
25
MAKING LIFE SIMPLE
OSBI card
Receivables (Cr)
30% YOY
6% QOQ !
43,271
I
40,722
33,215
28% YOY
5% QOQ
Jun'22
Mar'23
Jun'23
Jun'22
Mar'23
Jun'23
54,562
55,520
58,347
50,895
45,488
Q1 FY23
Q2 FY23
Q3 FY23
Q4 FY23
Q1 FY24
Corporate Spends ( Cr)
10% YOY
4% QOQ
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16,166
15,565
14,183
14,273
11,411
Q1 FY23
Q2 FY23
Q3 FY23
Q4 FY23
Q1 FY24
Key Insights:
Interventions to focus on sourcing of profitable segments.
Net card additions ~ 600 K, aspire to continue ~20%
market share in net addition.
Robust growth in retail spends, Corporate spends ~ 21% of
overall spends
IBNEA increased to 62% vs 61% PQView entire presentation