OREANDA-NEWS. August 1, 2012. Major Highlights -Q1FY13

 

 

Y-o-Y

Total Business

Rs 351221 crore

12.60%

Total Deposits

Rs 196977 crore

5.97%

Advances

Rs 154244 crore

22.37%

Net Profit

Rs 336 crore

19.57%

PERFORMANCE HIGHLIGHTS

•           Total Income has registered a growth of 16.22%, from Rs. 4840 crore to Rs. 5625 crore on y-o-y basis.

•           Total Interest Income registered a growth of 16.34% from Rs. 4558 crore to Rs. 5303 crore on y-o-y basis.

•           Net Interest Income of the Bank registered a growth of 3.61% from Rs. 1330 crore to Rs. 1378 crore on y-o-y basis.

•           Non Interest Income of the Bank registered a growth of 14.18% from Rs. 282 crore Rs. 322 crore on y-o-y basis.

•           Operating Profit of the Bank stood at Rs. 793 crore as on June 30, 2012 as compared to Rs. 792 crore as on June 30, 2011 on y-o-y basis.

•           Bank recorded Net Profit of Rs. 336 crore as on June 30, 2012 as compared    to         Rs.       281

crore as on June 30, 2011, registering y-o-y growth of 19.57%.

•           Gross NPA to Gross Advances increased to 4.87 % from 2.29 % on y-o-y basis.

•           Net NPA to Net Advances increased from 0.87 % to 3.22 % on y-o-y basis.

•           Average Business per Employee increased to Rs. 947 lakh in June 2012 from   Rs. 882 lakh

in June 2011.

•           Net Profit per Employee increased to Rs. 3.76 lakh in June 2012 as against Rs. 3.37 lakh in June 2011.

BUSINESS HIGHLIGHTS

•           Total Business of the Bank increased to Rs. 351221 crore as at June 2012 compared to Rs.311929 crore as at June 2011, registering y-o-y growth of 12.60%.

•           Total Deposits reached to Rs. 196977 crore in June 2012 from Rs. 185885 crore as at June, 2011 showing a y-o-y growth of 5.97 %.

•           CASA percentage improved to 32.89% in June 2012 as against 32.58 % in June 2011.

•           Gross Advances of the Bank grew by Rs. 28200 crore i.e. to Rs. 154244 crore in June 2012 from Rs. 126044 crore in June 2011, registering a Y-o-Y growth of 22.37 %.

•           Agriculture Advances increased by 20.67% to Rs. 19782 crore in June, 2012 from Rs. 16394 crore in June, 2011.

•           MSME Advances registered y-o-y growth of 19.02% to Rs. 15735 crore in June, 2012 from Rs.13221 crore of corresponding quarter.

•           Retail Loans showed substantial growth of 35.84% on y-o-y basis to Rs. 17460 crore from Rs. 12986 crore.

•           Housing Loan portfolio of the Bank stands at Rs. 6167 crore consisting of 35% of the total Retail Portfolio.

•           Education Loan portfolio of the Bank registered y-o-y growth of 24.77% to Rs. 2186 crore in June, 2012 from Rs.1752 crore of corresponding quarter.

•           Bank Stood first among all channel partners of Life insurance corporation of India in Bancassurance with YOY growth of 170 %.

•           The Credit Deposit Ratio has moved from 67.81% to 78.30% on y-o-y basis.

NEW INITIATIVES

•           Bank has launched ‘CENT PREMIUM', variant of Saving Deposit to meet needs of high value customers.

•           Bank has waived prepayment penalty on the Home Loan borrowers and not insisting Returns for loans up to Rs. 10 Lakh to target the lower income group customers.

•           Bank is providing hassle free education loans to the students of premier institutes such as IIMs and other reputed institutes at attractive terms and on the spot sanction is provided on the date of admission itself. In the current academic year, the Bank has already sanctioned more than 1000 accounts amounting to Rs 175 crore.

•           Obtained approval for setting up a Representative Office in Kenya, which will be opened shortly.

•           Bank has planned to open a branch in DIFC , Dubai.

•           Bank has also decided to set-up a Branch / Subsidiary in Mozambique

•           NEFT service charges for remittance upto Rs 1 lac is now free in the Bank.

•           Acceptance of Aadhaar Card as an official valid document for identification of address.

❖        Provision of Payment Gateway for online payment of Prime Minister National Relief Fund.

❖        Launch of health insurance policy at affordable premium for customers, staff and retired staff members.

❖        Bank has signed agreement with NPCI for issuance of RuPay cards and acceptance of the same on POS, Payment gateway etc.

❖        Bank has signed tripartite agreement with Bank sponsored RRBs for issuance of RuPay debit card on banks CBS' platform.

❖        Bank signed agreement with Karnataka State Road corporation(KSRTC) for booking     of

bus ticketing on net. It is estimated that 5 lacs bus tickets shall be booked on net.

❖        Bank has signed MOU with Chhattisgarh Govt for issuance of pre-paid card for disbursement of scholarship to 25 lacs students.

❖        Bank signed agreement with Indian Dental association for issuance of co branded card to 50000 dental doctors along with POS machines.

AWARDS /RECOGNITION

□          Bank has received second prize for implementation of Official Language Policy of Govt. of India by Reserve Bank of India for the year 2010-11 under Linguistic Region ‘A'.

□          Bank was conferred with the Outstanding Leadership Award at the IPEB FSI Awards (Institute of Public Enterprise Banking Financial Services & Insurance) from Director IPE Hyderabad .