The Bank that begins with Financial Results Q3 (2013-14 )
HIGHLIGHTS 31.12.2013. Total Business at Rs.188867 crore, with a y-o-y growth of 19.78%. Highlights Total Deposits increased to Rs.109891 crore, up by 19.34% Y-o-Y. Total Advance rose to Rs. 78976 crore, growth of 20.40% Y-o-Y. CASA deposits increased to Rs.39104 crore as against Rs. 36819 crore last year registered a growth of 6.21%.
HIGHLIGHTS NINE MONTHS Highlights Interest Income increased to Rs. 7837 crore with a Y- o-y growth of 13.33% from Rs. 6915 crore last year. Other Income rose to Rs. 895 crore from Rs. 716 crore last year,with a Y-o-Y growth of 25.11%. Interest Expenditure grew by 19.65% to reach Rs. 5973 crore as compared to Rs. 4992 crore last year. Operating Expenditure increased to Rs. 1241 crore with a yearly growth of 12.82% from Rs. 1100 crore last year. Operating profit at Rs. 1519 crore as against Rs. 1539 crore during corresponding period of last year
HIGHLIGHTS Q3 2013-14 Highlights Interest Income increased to Rs. 2766 crore with a Y- o-y growth of 18.13%. Other Income stood at Rs. 221 crore as against Rs 258 Crore last year. Interest Expenditure increased by 17.45% to reach Rs. 2005 crore over the corresponding period last year. Operating Expenditure increased to Rs. 437 crore with a yearly growth of 16.00% Operating profit at Rs. 545 crore from Rs. 516 crore last year with a Y-o-Y +ve growth of 5.69%.
BUSINESS PROFILE Amt. in Rs. Crore Dec 12 Mar 13 Jun 13 Sep 13 Dec 13 Y-o-Y Growth(%) Total Business 157682 170359 181156 201364 188867 19.78% Total Deposits 92086 100651 109622 117728 109891 19.34% Total Advances 65596 69708 71534 83636 78976 20.40% CD Ratio (%) 71.23 69.26 65.26 71.04 71.87 +0.64bps
COMPOSITION OF DEPOSITS Amt. in Rs. Crore Dec 12 Mar 13 Jun 13 Sep 13 Dec 13 Y-o-Y Growth(%) Savings Deposits Current Deposits CASA Deposits 28997 30372 31242 31952 32321 11.47% 7822 9533 9958 10860 6782-13.30% 36819 39905 41200 42812 39104 6.21% CASA (%) 39.98 39.65 37.58 36.37 35.58 12.83% Term Deposits 55267 60746 68422 74916 70787 28.08%
COMPOSITION OF CREDIT PORTFOLIO Dec 12 Mar 13 Jun 13 Sep 13 Dec 13 Amt. in Rs. Crore Y-o-Y Growth (%) Priority Sector 23177 25604 27210 29092 28339 22.27% Agriculture Credit 9083 9571 10437 10816 10326 13.68% MSE Advance 9366 11072 11556 12554 11406 21.78% Other Priority sector 4728 4961 5217 5722 6607 39.74% Retail Advance 8597 10049 9707 11216 10760 25.16% Housing 3125 3508 3725 3947 4268 36.58% Education 517 551 548 547 540 4.45% Car Loan 503 537 549 577 649 29.03% Personal Loan & Oth. 4452 5453 4885 6145 5303 19.12% Large & Mid corporate 33822 34055 34617 43328 39877 17.90% TOTAL ADVANCES 65596 69708 71534 83636 78976 20.40%
Rs. In Crore TOTAL BUSINESS Up by 19.78% (Y-o-Y) 205000 180000 153264 170359 181156 201364 188867 155000 130000 105000 Dec - 12 Mar-13 June -13 Sept - 13 Dec - 13
Rs. In Crore DEPOSITS 120000 100000 92086 Up by 19.33% (Y-0-Y) 100651 109622 117728 109891 80000 60000 Dec - 12 Mar - 13 June -13 Sept - 13 Dec - 13
Rs. In Crore ADVANCES Up by 20.40% (Y-oY) 85000 75000 65596 69708 71534 83636 78976 65000 55000 45000 Dec - 12 Mar - 13 June-13 Sept - 13 Dec - 13
INVESTMENTS Amt. in Rs. Crore Dec 12 Mar 13 Jun 13 Sep 13 Dec 13 Investments(Domestic) 34107 33659 38242 37216 36743 Held to Maturity 23685 23147 21792 28314 28308 Available for Sale 10422 10512 16450 8902 8435 Held for Trading 0 0 0 0 0
RATIO - Q3-2013-14 Highlights Contd NIM stands at 2.65% as compared to 1.88% last quarter. CD Ratio increased to 71.87% as compared to 71.04% in last quarter. Yield on Investment improved to 7.93%. Yield on Advance 10.52% as compared to 10.50% last quarter. Cost of Deposits decreased to 6.74% as compared to 7.42% last quarter. Cost to Income Ratio stands at 44.49% from 52.46% last quarter.
Income and Profitability Rs. in Crore Nine Months 2013-14 2012-13 Parameters 31 rd st Quarter 2013-14 2012-13 1864.47 1923.48 Net Interest Income 760.76 634.13 1518.80 1539.19 Operating Profit 545.09 515.77 3201.61 1178.47 Provision & Contings. 1783.15 473.56-1682.82 360.72 Net Profit -1238.07 42.20
QUARTERLY- INCOME, EXPENDITURE AND PROFIT (Amt. in Crore) Q- 3 (2012-13) Q- 4 (2012-13) Q- 1 (2013-14) Q- 2 (2013-14) Q- 3 (2013-14) Growth (%) (Y-o-Y) Interest Income 2341.05 2336.10 2463.74 2607.98 2765.53 18.13% Interest Expenditure 1706.93 1772.32 1876.72 2091.29 2004.77 17.45% Net Interest Income 634.12 563.78 587.02 516.69 760.76 19.97% Non-Interest Income 258.34 351.07 405.06 268.80 221.27-14.35% Total Income 2599.39 2687.17 2868.80 2876.78 2986.80 14.90% Total Expenditure 2083.63 2176.45 2268.48 2503.40 2441.72 17.19% Operating Expenses 376.70 404.13 391.76 412.11 436.95 15.99% Employee Cost 239.27 242.53 240.62 244.85 263.18 9.99% Operating Cost 137.43 161.60 151.14 167.26 173.77 26.44% Operating Profit 515.76 510.72 600.33 373.39 545.09 5.69% Net Profit 42.19 31.18 44.73-489.48-1238.07-3034.50%
Comm, Exch & Brokerage Q- 3 (2012-13) OTHER INCOME Amt. in Rs. Crore Q- 4 (2012-13) Q- 1 (2013-14) Q- 2 (2013-14) Q- 3 Growth (2013-14) (%) (Y-o-Y) 47.19 47.73 48.53 53.82 43.73-7.30% Profit from Trading 113.49 173.69 228.01 105.96 76.30-32.80% Profit from Exchange Trans. Bad Debt Realisation 26.82 24.51 37.12 36.03 44.99 67.70% 29.54 29.88 45.84 13.95 11.98-59.44% Other Misc. Income 41.30 75.26 45.56 59.04 44.27 7.19% Total Other Income 258.34 351.07 405.06 268.80 221.27-14.30%
ASSET QUALITY Assetquality The reduction in NPA has been Rs. 913 crore against Rs. 702 crore last year However, due to fresh slippage of Rs. 3172 crore Gross NPA has increased to Rs. 8546 crore from Rs. 2902 crore last year. Gross NPA ratio stands at 10.82% in comparison to 7.52% in last quarter. Total restructured stands at Rs.5524 crore, out of which fresh restructuring in current year Rs 1003 crore required additional provision of Rs. 153 crore.
CAPITAL ADEQUACY CAIPTAL ADEQUACY RATIO Basel III Basel II CRAR of 9.01% Tier I ratio at 5.59% Tier II ratio at 3.42% CRAR of 9.93% Tier I ratio at 6.12% Tier II ratio at 3.81%
TREND IN COST AND YIELD (%) Q- 3 (2012-13) Q- 4 (2012-13) Q- 1 (2013-14) Q- 2 (2013-14) Q- 3 (2013-14) Cost of Deposits 6.93 7.22 7.15 7.42 6.74 Cost of Funds 6.98 7.08 7.20 7.37 6.87 Yield on Advances 11.22 10.87 10.96 10.50 10.52 Yield on Funds 9.78 9.73 9.43 9.23 9.41 Yield on Investments 7.92 7.91 7.88 7.91 7.93
PRODUCTIVITY RATIOS *Annualised Business Per Employee(Rs/Cr.) Business Per Branch(Rs/Cr.) Gross Profit Per Employee(Rs/ Lac)* Gross Profit Per Branch (Rs/ Lac)* Dec 12 Mar 13 Jun 13 Sep 13 Dec 13 9.73 10.83 11.42 12.43 11.10 92.48 98.53 104.78 111.94 97.71 12.88 13.24 15.38 12.01 9.08 120.37 118.56 138.88 108.13 78.57
ASSET QUALITY Dec 12 Mar 13 Jun 13 Sep 13 Dec 13 Gross NPA (Rs./Crore) 2901.71 2963.82 4001.74 6285.89 8545.50 Gross NPA ( %) 4.42 4.25 5.59 7.52 10.82 Net NPA (Rs/Crore) 1416.18 1969.98 2699.59 4384.69 5629.96 Net NPA Ratio (%) 2.22 2.87 3.86 5.39 7.44 PCR (%) 67.25 62.50 56.63 47.90 47.90
MOVEMENT OF NPA Amount in crore Q- 3 (2012-13) Q- 4 (2012-13) Q- 1 (2013-14) Q- 2 (2013-14) Q- 3 (2013-14) Opening Balance 2417.73 2901.71 2963.82 4001.74 6285.89 Reduction 196.74 995.17 162.13 186.32 912.53 Upgradation (-) 53.21 79.11 91.07 92.21 616.88 Cash Recovery (-) 73.08 130.22 65.38 87.51 285.91 Write-off (-) 70.45 785.84 5.68 6.60 9.74 Fresh Slippages(+) 680.72 1057.28 1200.05 2470.47 3172.14 Closing Balance 2901.71 2963.82 4001.74 6285.89 8545.50
COMPOSITION GROSS NPA Amt. in Rs. Crore Dec 12 Mar 13 Jun 13 Sep 13 Dec 13 Substandard Assets 1245.79 1898.37 2719.73 4229.61 5618.73 Doubtful Assets 1550.73 1046.93 1125.41 1864.90 2575.97 Loss Assets 105.19 18.52 156.60 191.38 350.80 Total NPA 2901.71 2963.82 4001.74 6285.89 8545.50
SECTORAL NPA Amt. in Rs. Crore Dec 12 Mar 13 Jun 13 Sep 13 Dec 13 Agriculture 351.18 405.81 403.30 679.84 1155.63 SME 858.37 885.87 1131.16 2123.28 2436.38 Housing Loan 96.80 99.47 91.67 272.32 291.51 Education Loan 17.50 20.48 19.37 68.85 75.13 Car Loan 11.15 12.28 11.62 58.60 56.94 Medium Industry 49.05 51.87 64.01 92.11 120.01 Large Industry 1008.29 690.10 1100.95 1491.88 2383.71 Others 509.37 797.94 1179.66 1499.01 2026.19 Total 2901.71 2963.82 4001.74 6285.89 8545.50
RESTRUCTURED ACCOUNTS Amt in Rs crore Particulars Mar 13 June 13 Sep 13 Dec 13 Total Advances 69708 71534 83636 78976 Of which NPA 2964 4002 6286 8546 Restructured Advances 4555 4781 5082 5523 Of which NPA 638 778 1143 1379 Fresh Restructured during the quarter/increase in Balance 886 346 455 706 Closed / Recovery during the quarter 890 120 154 264 Restructured A/c Slippage to NPA during the Quarter/ fresh NPA restructure Closed/Recovery of NPA Restructured A/C during the quarter 216 200 420 265 786 60 55 29
RESTRUCTURED ADVANCES Amt. in Rs. Crore Dec 12 Mar 2013 Dec 13 Growth Y-o-Y Agriculture 324 279 293-9.57% MSME 194 186 220 13.40% Housing 81 77 67-17.28% Large Advances 3848 3839 4815 25.13% Others 110 174 129 17.27% Total 4557 4555 5524 21.22%
FINANCIAL INCLUSION HOLISTIC APPROACH TO FINANCIAL INCLUSION Bank is the SLBC convener in two states, West Bengal & Tripura Lead responsibility in 34 districts. Under FI initiatives Bank covered all the allotted 1858 villages (spread across 11 states and 1 UT) with population above 2000 for providing banking facilities. Under Direct Benefit Transfer (DBT), Bank has its presence in 67 districts with 240 Branch. Subsidy to the tune of Rs. 29.18 Crore has been disbursed through APBS/NACH channel in the DBT Districts during the 3 rd Quarter of F.Y.2013-14. 4.98 lakhs Basic Savings Bank accounts (BSBD) opened during the quarter, taking the number of BSBD to 33.28 lakhs, with Rs. 28.81 crore balance as at December 13.
FINANCIAL INCLUSION 5.20 lakh new smart cards were delivered during the quarter with a cumulative Smart Cards delivery of 17.30 lakh to the FI beneficiaries as at December 13. HOLISTIC APPROACH TO FINANCIAL INCLUSION Credit linkage has been made to 6.68 lakh customers with an outstanding amount of Rs. 174.23 crore. Opened 1758 Ultra Small Branches to cater to the financially excluded population. As at 30 th December 13, Bank has opened 34 Financial Literacy Centres covering all 34 Lead Districts. Financial Literacy Centres have organized 212 workshops wherein 7771 persons attended and 4441 were converted as Bank s customer till December 2013.
REGIONAL RURAL BANKS HOLISTIC APPROACH TO FINANCIAL INCLUSION Bank has sponsored 4 RRBs, Bangiya Gramin Vikash Bank (West Bengal), Assam Gramin Vikas Bank (Assam), Tripura Gramin Bank (Tripura) and Manipur Rural Bank (Manipur). Combined branch network of the sponsored RRBs is 1127 with a combined business of Rs. 27441 crore as on 31.12.2013. Out of the above, Bangiya Gramin Vikas Bank is second largest in the country in terms of branch network All the branches of the RRBs are CBS enabled.
GOALS FOR FY-14 On the Move 3 Crore Customer Base. 2000 Branch Network. 2000 ATM Network. 45% CASA 5 E-Lounges
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