The Bank that begins with Financial Results Q3 & 9-Months 2011-12 Tele-Conference with Analysts February 7 th, 2012; 3.30 P.M.
Performance Highlights Dec - 2010 Dec - 011 Percent 141915 Total Business 123785 14.6 Deposit 73106 82815 13.3 CASA 29423 32939 11.9 Advance 50679 59100 16.6
Total Business Progress 145000 140000 141915 135000 131779 133086 130000 130201 125000 123785 120000 115000 110000 Dec'10 Mar'11 Jun'11 Sep'11 Dec'11
Pan-India Presence Presence in 28 States & 5 UTs Metro, 32 Regional Offices 319, Rural, 100% CBS Network of 1649Branches As on 31.12.2011 19% Semi Urban, 304, 18% Urban, 374, 23% 652, 40% Western, 66, 4% Central, 106, 6% Northern, 84, 5% Southern, 67, 4% North East, 278, 17% East, 1048, 64%
Operating Overview
Total Deposits 80000 82815 85000 82815 76000 72000 68000 64000 60000 73106 Dec'10 Dec'11 Total Deposits increased by 13.3% 82000 79000 77845 78244 77104 76000 73000 73106 70000 Dec'10 Mar'11 Jun'11 Sep'11 Dec'11 Core Deposits increased by 21.2%
CASA 30000 20000 10000 CA 29423 6229 SA 23194 32939 CA 7293 SA 25646 40000 30000 20000 10000 23124 6229 23217 24120 8529 6914 24693 6513 25646 7293 0 Dec'10 Dec'11 0 Dec'10 Mar'11 Jun'11 Sep'11 Dec'11 SB deposits grew by 10.6% Current Deposits Increased by 17.1% on YoY basis
Deposit Mix Dec 10 Dec 11 Current, 6229, 8% Current, 7293, 9% Savings, 23194, 32% Bulk, 18227 25% Retail Term, 25456, 35% Savings, 25646, 31% Bulk, 16304, 20% Retail Term, 33572, 40% CASA : 40.2% CASA : 39.8% Core Deposit: 75.1% Core Deposit : 80.3%
Cost of Deposits 7 Q311-12 6 5 Q310-11 5.69 6.69 4 Quarterly Sequential 7 9M11-12 6.8 6.5 6.63 6.69 6.2 6.38 6 9M11-12 6.58 5.9 5.6 5.69 5.95 5.3 5 5.56 5 Dec'10 Mar'11 Jun'11 Sep'11 Dec'11
Advances
Total Advances 60000 59100 56000 58000 59100 52000 50679 54000 53934 53097 54842 48000 50000 50679 44000 Dec'10 Dec'11 46000 Dec'10 Mar'11 Jun'11 Sep'11 Dec'11 Total Advances increased by 16.6% Quarterly Sequential
Total Advances - Breakup Scheme Dec 10 Dec 11 Growth(%) Total Advances : 50679 59100 16.6% Retail Advances 6915 8163 18.0% MSME Advances 7390 8882 20.2% Agriculture 4897 5921 20.9% Large & Mid-corporate 31477 36134 14.8% Dec 10 Dec 11 Growth (%) Priority Sector Advances 16368 19267 17.7% Food Credit 1090 1381 26.7%
Advances Mix Dec 10 Dec 11 Retail Advances, 6915 MSME Advances, 7390 Retail Advances, 8163 MSME Advances, 8882 Large & Midcorporate, 31477 Agriculture, 4897 Large & Midcorporate, 36134 Agriculture, 5921
Top 10 Exposures Construction, 778 Cement/Cement Products, 910 Engineering, 1169 Chemicals, 932 Power, 6848 Textile, 1314 Metal/Metal Products, 4523 Telecom, 1524 Other Infra, 978 Road & Ports, 2594
Retail Advances 10000 8000 6000 6915 18% 8163 8200 7700 7753 8170 7801 8163 4000 7200 2000 6915 0 Dec'10 Dec'11 6700 Dec'10 Mar'11 Jun'11 Sep'11 Dec'11
Retail Advances Breakup Retail Scheme Dec 10 Dec 11 Growth (%) Housing Loan 2302 2728 18.5% Auto Loan 374 460 23.0% Education Loan 441 493 11.8% Mortgage Loan 969 963-0.6% Loan against FD/NSC/LIC etc. 980 1497 52.8% Personal & other loans 1849 2022 9.4% Total : 6915 8163 18.0%
PRISEC Advances Agriculture MSME Other 21000 19912 4944 7390 3.3% 20.2% 5109 8882 19000 17000 17751 17264 18458 20.9% 4897 5921 16368 Dec'10 Dec'11 15000 Dec'10 Mar'11 Jun'11 Sep'11 Dec'11 PRISEC Advances up by 17.7% Quarterly Sequential
MSME Advances 10000 8882 10000 8000 6000 7390 20.2% 9000 8882 4000 8000 8214 8292 2000 0 Dec'10 Dec'11 7000 7784 7390 Dec'10 Mar'11 Jun'11 Sep'11 Dec'11
Restructured Accounts Dec'2010 Mar'2011 Jun'2011 Sept'2011 Dec'2011 Total Advance 50679 53934 53097 54842 59100 Out of which NPA 1485 1356 1535 1908 1939 Restructured Advance 2205 2167 2076 1995 2255 Fresh Restructured 98 77 91 8 279 Closed / Recovery 188 115 182 89 19 NPA in Restructured Advance 312 306 311 497 474 Slippage 63 240 20 194 8 Upgradation/Recovery/Closed 26 246 15 8 31 Fresh restructure during the 9 months period `378 crore No. of Restructured Accounts 24446 out of which 14633 accounts identified as NPA
Yield on Advances 12.00 Percentage ( % ) 10.50 9.00 9M11-12 7.50 6.00 4.50 9M10-11 10.23 11.62 Quarterly Sequential 3.00 1.50 0.00 12.00 10.50 9.00 7.50 6.00 4.50 3.00 1.50 Q3 10-11 10.39 Q3 11-12 11.98 12.5 12 11.5 11 10.5 10 9.5 11.98 11.70 11.16 10.71 10.39 Dec'10 Mar'11 Jun'11 Sep'11 Dec'11 0.00
INVESTMENTS
Total Investments AFS, 7158, 27.54% HFT, 0, 0.00% HTM, 18836, 72.46% AFS, 7012, 24.74% HFT, 0, 0.00% HTM, 21335, 75.26% Total Investment - 25994 Dec 10 Total Investment - 28347 Dec 11 Net Investments increased by 9.1%, whereas HTM grew by 13.3% and AFS decreased by 2.1%. Yield on Investment increased from 7.76% to 7.80%
Operating Snapshot
Income & Profitability % 9MFY11 9MFY12 Parameters Q3FY11 Q3FY12 % 27.4 4574.11 5828.77 2050.95 Interest Earned 1630.97 25.8 18.5 417.88 495.08 Non-Interest Income 145.68 163.21 12.0 33.2 2979.56 3968.68 Interest Expenses 1071.23 1383.34 29.1 7.9 930.47 1004.16 Operating Expenses 318.71 347.55 9.1
Non Interest Income 9 - Months Quarterly 520 495.08 170 163.21 480 160 440 400 417.88 18.5% 150 12% 145.68 140 360 9M-FY11 9M-FY12 130 Q3-FY11 Q3-FY12
Non Interest Income Break up % of growth 9M - 2010-11 9M- 2011-12 Particulars Q3 2010-11 Q3 2011-12 % of growth 3.8% 129.87 134.80 Comm., Exchange & Brokerage 43.25 46.05 6.5% 11.9% 179.64 200.98 Miscellaneous other Income 69.89 71.78 2.7% 8.5% 309.51 335.78 Total of Core Non Interest Income 113.14 117.83 4.2% 47.0% 108.37 159.30 Income from Treasury Operation 32.54 45.38 39.5% 18.5% 417.88 495.08 Total Non Interest Income 145.68 163.21 12.0% 17.3% 44.69 52.42 Recovery from Written-off A/cs 22.13 16.44-25.7%
Net Interest Income 9 Months Quarterly 1900 1860.09 1700 1500 1594.55 16.7% 700 500 559.74 19.3% 667.61 1300 1100 9M-FY11 9M-FY12 300 Q3-FY11 Q3-FY12
Operating Profit Half Yearly Quarterly 1500 1200 900 1081.96 600 1351.01 386.72 400 24.9% 25.0% 483.27 600 200 300 0 9M-FY11 9M-FY12 0 Q3-FY11 Q3-FY12
Provisions & Contingencies % 9MFY11 9MFY12 Q3FY11 Q3FY12 % 23.7 701.22 867.77 Total Prov. & Contg. 223.57 257.25 15.1 NPA Provision 56.47 7.2 324.77 348.35 93.24 65.1 33.3 105.00 70.00 Pension/Gratuity 35.00 29.00 17.1 30.6 147.00 192.00 Provision for Income Tax 57.00 59.00 3.5 Provision for others 75.10 106.8 124.45 257.42 76.01 1.2
Net Profit 9-Months Quarterly 600 400 380.74 483.24 250 200 150 163.14 226.02 200 100 50 0 9M-FY11 9M-FY12 0 Q3-FY11 Q3-FY12 Half Yearly et Profit up by 26.9% Q2 Net Profit increased by 38.5%
Asset Quality
NPA Movement 9M 2010-11 9M 2011-12 Particulars Q3 2010-11 Q3 2011-12 1372.30 1355.78 Opening NPA 1460.10 1908.06 537.29 790.77 Reduction 174.20 330.88 191.95 210.70 Cash Recovery 81.75 71.41 166.16 394.03 Up-gradation 39.36 221.15 179.18 186.04 Write-off 53.09 38.32 650.28 1374.06 Slippages 199.39 361.89 1485.29 1939.07 Closing NPA 1485.29 1939.07
Non Performing Assets Particulars Dec 10 Security Available % of security Dec 11 Security Available % of security Gross Non Performing Assets/Security Available 1485.29 1153.38 77.7% 1939.07 1597.44 82.4% Sub-standard 523.54 484.34 92.5% 1024.67 871.35 85.0% Doubtful 755.24 669.04 88.6% 903.80 726.09 80.3% Loss 206.51 0.00 0.0% 10.60 0.00 0.0%
(Percent) Non Performing Assets Net NPA: 1178.39 Crore as on 31.12.2011 4.0 3.5 Gross NPA Net NPA 3.0 2.5 2.0 2.93 3.28 1.5 1.0 1.52 2.01 0.5 Dec'10 Dec'11
Key Ratio
Key Ratios Dec 10 Dec 11 Mar 11 Basel-II (CRAR) 12.51% 12.63% 13.05% Tier-I 8.22% 8.37% 8.90% Tier-II 4.29% 4.26% 4.15% % of GOI shareholding 84.20% 85.48% 85.48%
Profitability Ratios (%) 9MFY 11 9MFY 12 Parameters Q3FY 11 Q3FY 12 10.23 11.62 Yield on Advance 10.39 11.98 7.76 7.80 Yield on Investment 7.76 7.80 5.56 6.58 Cost of Deposit 5.69 6.69 3.20 3.23 NIM 3.21 3.38 0.65 0.73 ROA 0.80 1.00 46.23 42.64 Cost to Income Ratio 45.18 41.83 69.32 71.36 CD Ratio 69.32 71.36
Market Information Parameters Dec 10 Dec 11 Mar 11 Book Value per Share (`) 103.12 117.27 102.89 Earning per Share (`) 10.54 12.10 14.38 Price / Book Value 0.96 0.40 1.03 Price Earning Ratio 9.43x 3.84x 7.39x Return on Equity (Annualised) 13.63% 13.76% 12.86%
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