DENA BANK WELCOMES YOU AT ANALYST MEET 6 th November 01 Un-Audited [Reviewed] Quarterly/Half Yearly Financial Results For September 30, 01
KEY INDICATORS [` cr] Full Year Quarter March 1 Sept 11 Sept 1 Growth [%] Half Year Sept 11 Sept 1 Growth [%] Operating Profit 158.43 35.01 437.11 4.18 659.75 895.03 35.66 Net Profit 803.14 193.58 39.64 3.79 361.67 478.7 3.4 Total Income 7376.30 1747.19 37.84 33.3 3399.7 4606.69 35.50 Total Expenses 5847.87 1395.18 1890.73 35.5 739.97 3711.66 35.46 Provision & Contingencies 75.9 158.43 197.47 4.64 98.08 416.76 39.8 Business Mix 13436 107335 14958 33.19 107335 14958 33.19
NET INTEREST INCOME Full Year Quarter Growth March 1 Sept 11 Sept 1 [%] Half Year Sept 11 Sept 1 [` cr] Growth [%] Interest Income 6794.13 1633.8 193.97 34.8 316.00 4331.17 36.98 Advances 5161.17 15.87 1689.58 37.83 403.01 3340.16 39.00 Investment 1544.40 396.60 494.77 4.75 74.78 944.1 7.11 Inter Bank 38.0 11.34 9.6 [15.17] 16.0 19.91.90 Others 50.54 0.01 0.00 0.01 6.98 Interest Expense 4693.13 1118.93 1599.96 4.99 00.56 314.9 4.01 Deposits 458.0 108.76 159.03 41. 18.3 300.63 41.08 Others 164.93 36.17 70.93 96.10 7.4 1.9 69.8 Net Interest income [NII] 101 514.89 594.01 15.37 961.44 106.5 5.46 3
NET INTEREST INCOME [` cr] Full Year Quarter Half Year Net Interest Income Net Interest Margin March 1 Sept 11 Sept 1 Sept 11 Sept 1 101.00 514.89 594.01 961.44 106.5 3.17% 3.%.86 % 3.06%.96 % 600.00 500.00 465.7 514.89 594.01 400.00 300.00 00.00 40.4 Sep 09 [Q] Sep 10 [Q] Sep 11 [Q] Sep 1 [Q] 4
5 NON INTEREST INCOME Full Year Quarter March 1 Sept 11 Sept 1 Growth [%] Half Year Sept 11 Sept 1 Growth [%] Total Non Interest Income 58.17 113.37 133.87 18.08 37.7 75.5 15.90 Fee Based Income Core Profit from Sale of Securities Recovery in Written off Advances 477.73 96.57 105.56 9.31 09.3 09.60 0.13 34.68 3.98 19.19 38.16 5.36 51.3 855.78 69.76 1.8 9.1 [8.86] 3.04 14.69 [36.4]
6 PROVISION & CONTIGENCIES [` cr] Full Year Quarter Half Year March 1 Sept 11 Sept 1 Sept 11 Sept 1 NPA 6.13 65.0 59.98 87.5 154.78 Tax Expense 163.03 77.10 9.97 151.6 08.85 Investment Depreciation 104.3 11.11 [.73] 47.9 [36.34] Standard Assets 84.57 3.09 3.3 [1.03] 31.37 FITL 50.69 1.97 8.71.4 35.7 NPV of Restructured A/cs 45.5 0.00 15.00 0.00.30 Others 15.1 0.14 0.31 10.43 0.53 Total Provisions 75.9 158.43 197.47 98.07 416.76
RESOURCES /DEPLOYMENT [` cr] March 1 Sept 11 Sept 1 Growth [%] Current Deposits 773.0 4890.99 6484.97 3.59 Savings Deposits 19316.84 17988.04 0135.10 11.94 CASA Deposits 6589.86 879.03 660.07 16.35 Term Deposits 4750.3 3960.11 5339.91 34.66 Aggregate Deposits 73840.18 6481.14 79949.98 7.96 CASA [%] to Total Deposits 34.46 35.6 31.86 Inter Bank Deposits 336.6 1754.53 360.13 105.30 TOTAL DEPOSITS 77166.80 6435.67 8355.11 30.07 Gross Advances 57159.0 43099.63 59405.69 37.83 7
RESOURCES 8,000 6,60 90,000 83,55 6,000 4,000,000 0,000 18,000 0,97,879 80,000 70,000 60,000 53,498 64,36 16,000 14,000 Sep'10 Sep'11 Sep'1 50,000 40,000 Sep'10 Sep'11 Sep'1 CASA Deposits Total Deposits Bank has witnessed CAGR of 1.78% in CASA Deposits over last two years Bank has witnessed CAGR of 4.97% in Total Deposits over last two years 8
9 ADVANCES [` cr] March 1 Sept 11 Sept 1 Gross Advances 57159 43100 59406 [Growth %] Priority Sector [6.56] 15501 [17.95] 11911 [37.83] 16846 [Growth %] [4.60] [4.57] [41.43] Direct Agriculture 5544 3870 4670 [Growth% ] [35.35] [-11.78] [0.67] MSME 891 6365 8666 [Growth %] [.] [16.85] [36.16] Retail 78 6571 7485 [Growth %] [18.68] [18.48] [13.91] CD Ratio [%] 74.07 67.10 71.10
10 ADVANCES 70,000 60,000 50,000 40,000 30,000 36,541 43,100 59,406 0,000 Sep'10 Sep'11 Sep'1 Advances Bank has witnessed CAGR of 7.50% in Advances over last two years.
TREASURY [` cr] March 1 Sept 11 Sept 1 Growth over Sept 11 [%] SLR Investments 19504.71 16770.16 770.56 35.78 Non-SLR Investments 3703.09 4936.64 4389.50 [11.08] Total Investments 307.80 1706.80 7160.06 5.1 Of which HFT 163.97 [0.70%] 490.35 [.6%] 494. [1.8%] 0.79 AFS 4553.71 [19.6%] 4389.77 [0.%] 596.50 [1.95%] 35.83 HTM 18490.1 [79.67%] 1686.68 [77.5%] 0703.34 [76.3%] 3.04 AFS / HFT Duration [Modified] Portfolio Duration [Modified] 4.35 3.0 4.60 4.48 4.41 4.68 11
1 BUSINESS MIX [` cr] Sept 10 Sept 11 Sept 1 Business Mix per Employee Business Mix per Branch 8.74 10.89 1.88 77.6 89.37 107.89 14 1 10 8 6 1.88 10.89 8.74 Sep'10 Sep'11 Sep'1 10 110 100 90 80 70 60 107.89 89.37 77.6 Sep'10 Sep'11 Sep'1 Business Mix / Employee Business Mix / Branch
ASSET QUALITY [` cr] March 1 Sept 11 Sept 1 Gross NPA 956.50 830.49 1170.54 Net NPA 571.73 491.01 70.56 Gross NPA Ratio [%] 1.67 1.93 1.97 Net NPA Ratio [%] 1.01 1.15 1. NPA Provision 38.45 337.63 448.07 Provision Coverage Ratio [PCR] [Incl Technical Write Off] 75.53 77.14 7.47 13
ASSET QUALITY [` cr] Full Year Quarter Half Year March 1 Sept 11 Sept 1 Sept 11 Sept 1 Gross NPA Opening Balance 84.4 797.4 1076.13 84.4 956.50 Less: Cash recoveries.56 4.66 51.5 14.4 100.58 Up gradations 191.47 16.61 55.00 17.80 76.71 Write off 193.90 63.57 87.5 63.89 89.16 Total Reductions 607.93 1.84 194.04 316.11 66.45 Add: Slippage & Debit Operations 7.19 156.09 88.45 304.36 480.49 Closing Balance 956.50 830.49 1170.54 830.49 1170.54 Recovery in w/o A/c 69.76 1.8 9.1 3.04 14.68 14
CAPITAL ADEQUACY [` cr] March 1 Sept 11 Sept 1 Tier I Capital 4481.98 3614.8 4404.94 Tier II Capital 1339.94 168.10 147.06 Total Capital Funds 581.9 488.9 655.00 Total RWAs 50574.3 38894.03 54399.84 CRAR Basel II 11.51 1.55 1.05 CRAR Core Basel II 8.86 9.9 8.10 CRAR Basel I 10.07 10.6 10.63 Net Worth 456.14 3737.34 4657.37 15
HEAD ROOM AVAILABLE March 1 Sept 1 HEAD ROOM Tier I Equity Capital 9.1 9.1 Perpetual Debt [IPDI] 90.84 4.30 [` cr] PNCPS 151.96 1089.68 Total Head Room Tier I 1571.9 1541.10 HEAD ROOM Tier II Upper Tier II Bonds 161.05 1553.41 Lower Tier II Bonds 150.99 704.47 Total Head Room Tier II 314.04 57.88 Total Head Room Available 4713.91 3798.98 During Quarter ended June-1 Bank had raised Lower Tier II Bonds of `850 cr. 16
17 FINANCIAL RATIOS Full Year Quarter Half Year March 1 Sept 11 Sept 1 Sept 11 Sept 1 Cost of Deposits [%] 7.06 6.97 7.64 6.84 7.66 Yield on Advances [%] 11.77 11.96 11.81 11.64 11.88 Yield on Investments [%] 7.39 7.57 7.7 7.35 7.65 Cost Income Ratio [%] 43.04 43.97 39.95 44.98 39.60 Return on Assets [%] 1.08 1.11 1.01 1.04 1.04
18 FINANCIAL RATIOS Full Year Quarter Half Year March 1 Sept 11 Sept 1 Sept 11 Sept 1 Earning Per Share ` [non-annualized] Return on Equity [%] [annualized] Profit Per Branch [in ` Lacs] [annualized] Profit Per Employee [in ` Lacs] [annualized] Book Value ` [Incl Revaluation Reserve] 4.08 5.81 6.84 10.85 13.66 0.7 1.30 0.61 1.56 1.11 64.46 64.47 7.35 60.3 7.19 7.87 7.86 8.64 7.34 8.6 16.91 117.8 138.19 117.8 138.19
19 SHARE HOLDING PATTERN 14.3 Share Capital No of Shares ` 350.06 cr 35.01 cr.70 0.48 Net Worth ` 4657.37 cr BV per Share ` 138.19 cr Return on Equity 0.61 % [Annualized] 16.30 10.1 0.84 55.4 DENA is part of BSE 500, BSE Midcap and BSE Sectoral [PSU] Govt of India Insurance Comp Mutual Funds/ Banks/ FIs FIIs Listed on BSE and NSE & in Indian Public NRIs & OCBs Corp Bodies Future and Options segment also.
0 DISTRIBUTION CHANNELS March 1 Sept 1 Branches 134 1417 Ext. Counters 1 7 ATMs 543 561 Bank has opened 59 new branches during the Quarter and has 7 licences pending for opening of new branches. Bank plan to open 100 new branches during FY 01-13
STRATEGIES SKILL BUILDING: FOR CUSTOMER SATISFACTION & ENHANCED PRODUCTIVITY Bank has been imparting training to employees for improvement of their knowledge & skill. Such training programmers are conducted in-house and also through reputed institutes like NIBM, CAB and MDI etc. Bank is also nominating Officers for training programmes in different foreign locations. Bank has designed two special training programmes for Sub- Staff [Main Hoon Na] and Clerks [Dena Gaurav] to make them feel important in the progress and growth of the Bank. A special programme titled Professional Development of Women Employees has also been introduced. Bank has recruited 693 officers, 1090 clerks and 491 sub-staff during FY 01-13, out of which 91 Officers, 485 clerks and 349 Sub-staff have already joined the Bank. 1
STRATEGIES With the advancement of banking technology, Bank has kept pace by introducing state of the art products and services for its customers in the form of Internet banking, ATM, Mobile Banking, Phone Banking etc. During the current year the Bank has ambitious plan to expand the range of offerings through alternate delivery channels as under: - Utility Bill Payment through ATM and Mobile Banking. - Income Tax payments through ATM - Establishing call centre - Card less remittance through ATM - IMPS through USSD / using Bank IFSC - Issue of Gift & Travel Cards
3 STRATEGIES MSME has been identified as one of the growth engines for increasing credit portfolio of the Bank. Central Processing Cells are set-up in all the 1 Regional offices for speedy processing of MSME proposals. Interest rates on MSME advances are also significantly reduced to make it competitive. Bank has also entered into tie-up with different auto manufacturers for financing of 3 wheelers. The Bank is having 95 specialized MSME Branches for better servicing to MSME Sector. Bank has also formulated Line of Credit facility [Open Composite Facility] and also Joint Origination Policy for increasing MSME financing. Bank has appointed IDBI Intech [a PSU owned by IDBI] to suggest strategies and assist in the implementation of Business Processing Re-engineering exercise.
4 FINANCIAL INCLUSION The Bank has successfully implemented Financial Inclusion Plan for providing banking services in 730 villages, with population above 000 allocated to it. Apart from this, 43 villages, with population below 000 out of the allotted target of 833 villages have also been covered. Bank has set up Ultra Small Branches in 683 villages, which are serviced through Business Correspondent Model. Remaining 47 Villages are provided banking services through full fledged branches.
5 FINANCIAL INCLUSION Bank has opened 14.60 lacs No Frills Account till 30th Sept 01 against target of 1 lacs for FY 01-13. Out of this, In-built Over Draft Facility has been extended in 7.56 lac No Frill Accounts. Similarly Bank has embarked upon urban financial inclusion plan for providing banking services to urban poor, slum dwellers and other inhabitants including migrant workers & Street Vendors /hawkers in select urban areas in the state of Gujarat. So far 0 kiosks have been set up & Bank has plan to set up 100 Kiosks in urban areas during FY 01-13.