OREANDA-NEWS. Operating Profit increased to Rs. 1154 crore for September, 2013 as against Rs. 802 crore for September, 2012.

Net Profit stood at Rs. 276 crore during the quarter ending September, 2013 registering a growth of 17.77% (YoY).

Net Interest Margin (NIM) stood at 2.75% during the quarter ending September, 2013.

Net Interest Income during the quarter ending 30.09.13 increased to Rs. 1309 crore as against Rs. 1174 crore during the corresponding period last year.

Other Income of the Bank increased to Rs. 696 crore as on 30.09.13 as against Rs. 302 crore on 30.09.12 showing a YoY growth of 130.35 %.

Total Business of the Bank increased to Rs. 3,14,262 crore as on 30.09.13 as against Rs. 2,74,116 crore on 30.09.12 showing a YoY growth of 14.65 %.

Deposits of the Bank increased to Rs. 1,80,396 crore as on 30.09.13 from Rs. 1,61,957 crore as on 30.09.12. Year-on-Year basis, the Total Deposits grew by 11.38 %.

Gross Credit increased to Rs. 1,33,866 crore as on 30.09.13 as against Rs. 1,12,159 crore as on 30.09.12. Year-on-Year basis, the Gross Credit increased by 19.35%.

Gross NPA to Gross Advances was 4.94% as on 30.09.13.

Net NPA to Net Advances Ratio was 3.83% as on 30.09.13.

Provision Coverage Ratio was 45.99 % as on 30.09.13.

Capital Adequacy Ratio stood at 11.07 % as on 30.09.13.

Shareholders' Value

Return on Asset stood at 0. 54% as on 30.09.13.

Book Value per Share increased to Rs. 224.61 as on 30.09.13

Technology

The total number of Aadhaar linked accounts increased to more than 1.80 lac.

The Bank has issued more than 24.17 lac ATM-cum-Debit Cards. Bank's total number of ATMs/Cash Dispensers increased to 728.

Social Banking

Priority Sector Credit grew from Rs. 36,686 crore as on 30.09.12 to Rs. 42,292 crore as on 30.09.13 registering an absolute YoY growth of Rs. 5606 crore.

Agriculture Credit increased from Rs.16,809 crore as on 30.09.12 to Rs. 18,969 crore as on 30.09.13 registering an absolute YoY growth of Rs. 2160 crore.

Credit to Micro & Small Enterprises (MSE) grew from Rs.15,215 crore as on 30.09.12 to Rs. 17,857 crore as on 30.09.13.

To provide awareness and knowledge of basic banking and financial literacy, Bank has established 18 Financial Literacy Centres (FLCs). A total of 19,793 persons have availed the services of FLCs during the first half of 2013-14.

Retail Credit

Total Outstanding under Retail Credit as on 30.09.13 rose to Rs. 18,413 crore as against Rs. 15,711 crore as on 30.09.12, registering 17.20 % YoY growth.

Total Disbursement under Retail Credit of the Bank during the second quarter of FY 2013-14 was Rs. 1077 crore as against Rs. 795 crore during the corresponding period last year registering a growth of 35.47%.

Bank has financed Rs. 55 crore for commercial use under its Commercial Vehicle Finance Scheme during the second quarter of 2013 - 14 as against Rs. 41 crore during the corresponding period last year registering a growth of 34.15 % on YOY basis.

Total disbursement under Bank's Housing Loan during the period July to September, 2013 increased to Rs. 421 crore as against Rs. 261 crore last year, registering a growth of 61.30% YoY.

40 Centralised Retail Banking Boutiques (CRBBs) of the Bank have sanctioned / processed Rs. 319 crore in 2062 cases during the second quarter of 2013-14.

Accolades

The Bank has been awarded the prestigious Indira Gandhi Rajbhasha Puraskar by the

Department of Official Language, Ministry of Home Affairs, Government of India on 14.09.2013 for outstanding performance in implementing the Official Language Policy in the Bank.

The Bank has been awarded “The Sunday Standard Best Bankers' Award -2013” for outstanding performance in Financial Inclusion category by the New Indian Express Group as a reward for the outstanding work of the Bank in this area.

Future Plans

Bank has planned to achieve Rs. 3,60,000 crore of Total Business by 31st March, 2014.

The Bank intends to open 300 Branches during 2013-14.

Bank plans to open 250 e - lobbies and 100 Cash Kiosks.