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Sunday, 27 July 2014

BANK RESULTS


BANK’S RESULTS FOR FIRST QUARTER ENDED JUNE 30, 2014

Highlights – Q1 FY 2014-15
Total Business
Rs. 4,26,829 crore

Total Deposits
Rs. 2,40,782 crore

Total Advances
Rs. 1,86,047 crore

Net Profit
Rs. 192 crore

PERFORMANCE HIGHLIGHTS



  • Total Income increased to Rs.6,928 crore from Rs.6,443 crore in June 2013, recording Y-o-Y growth of 7.53 %.



  • Total Interest Income increased to Rs.6,497 crore from Rs.5,845 crore in June 2013, recording Y-o-Y growth of 11.15 %.



  • Net Interest Margin improved from 2.68 % in June 2013 to 2.87 % in June 2014.



  • Operating profit increased to Rs.974 crore from Rs.827 crore in March 2014, recording Q-o-Q growth of 17.77%.


  • Net Profit increased to Rs.192 crore in June 2014 from Rs.22 crore in June 2013, recording Y-o-Y growth of 772.73%.



  • Net Interest Income has increased to Rs.1,882 crore from Rs.1,537 crore in June 2013, recording Y-o-Y growth of 18.54%



  • Gross NPA to Gross Advances reduced to 6.15 % from 6.27 % as on March 2014 on sequential basis.



  • Net NPA to Net Advances reduced to 3.62% from 3.75 % as on March 2014 on sequential basis.



  • Provision Coverage Ratio has improved from 42.46 % to 51.52 % on Y-o-Y basis.



  • CRAR under BASEL II is at 11.41 % with Tier I at 7.78 % whereas CRAR under BASEL III is 9.62 % with Tier I at 7.12 %.





  1. BUSINESS HIGHLIGHTS

  • Total Business of the Bank increased to Rs. 4,26,829 crore from Rs.4,05,383 crore in June 2013, recording Y-o-Y growth of 5.29 %.



  • Total Deposits increased to Rs.2,40,782 crore from Rs.2,30,760 crore in June 2013, recording Y-o-Y growth of 4.34 %.



  • CASA increased to Rs.79,476 crore from Rs.74,174 crore in June 2013, recording Y-o-Y growth of 7.15 %. Share of CASA in total deposits stood at 33.01 % as against 32.14 % in June 2013.



  • Total Advances of the Bank stood at Rs.1,86,047 crore against Rs.1,74,623 crore in June 2013 recording Y-o-Y growth of 6.54 %.



  • Agriculture Advances increased by 40.80 % to Rs.35,836 crore in Q1 2014-15 from Rs.25,452 crore in Q1 2013-14.



  • MSE Advances registered y-o-y growth of 26.92 % to Rs. 22,159 crore in Q1 2014-15 from Rs.17,459 crore in Q1 2013-14.



  • Retail Loans showed substantial growth of 22.62 % on y-o-y basis to Rs.28,545 crore in Q1 2014-15 from Rs.23,280 crore in Q1 2013-14.



  • Housing Loan portfolio of the Bank stands at Rs. 11,365 crore in Q1 2014-15 consisting of 39.81 % of the total Retail Portfolio.



  • Education Loan portfolio of the Bank registered Y-o-Y growth of 12.77 % to Rs.3,020 crore in Q1 2014-15 from Rs.2,678 crore of corresponding quarter Q1 2013-14.



  • The Credit Deposit Ratio has moved from 75.67% in Q1 2013-14 to 77.27% in Q1 2014-15.
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