The Bank that begins with Financial Results Q-4 / FY (2014-15 )
Result at A Glance. Performance Parameter Rs. crore Ratio for 2014-15 (in %) Net Profit 256 Return on Assets 0.21% Operating Profit 2428 Return on Equity 5.16% Total Business 177888 Cost- Income Ratio 42.70% Total Deposits 108818 Total Advances 69070 Capital Adequacy Ratio (Basel II, Tier I : 7.77%) Total Assets Net worth 123028 5030 Capital Adequacy Ratio (Basel III, Tier I :7.52%) 11.42% 10.57% Total Capital (Basel- III) 7055 Prov Coverage Ratio 58.50% Tier I Capital (Basel-III) 5021 Gross NPA 9.49% Business per Employee 12 Net NPA 6.22%
HIGHLIGHTS- FY 2014-15. Highlights Operating profit for the FY 15 increased to Rs. 2428 crore as compared to Rs. 2062 crore in FY 14,registered a growth of 17.76%. Net Profit for the FY 15 stands at Rs 256 crore as against loss of Rs.1213 crore in FY 14. Healthy CASA growth @ 11% from Rs. 41231 to Rs45755 crore. Interest income for the FY 15 is Rs. 10180 crore as against Rs. 10599 crore in FY 14. Gross NPA stands at Rs.6553 crore against Rs 7118 crore in March 14. Net NPA declined to Rs.4081 crore against Rs 4664 crore in March 14.
HIGHLIGHTS- 4 th - Qrtr on Qrtr Operating profit for the quarter increased to Rs. 792 crore as compared to Rs 543 crore in corresponding quarter of FY 14,registering a growth of 45.86%. Net Profit for the current quarter stands at Rs. 105 cr as against Rs 469 cr in the corresponding qrtr of FY 14. Other income for the current qrtr stands at Rs 581 cr as against Rs312 cr in corresponding qrtr of FY 14, registering a growth of 86%. Interest income for the quarter stood at Rs2572 crore as against Rs. 2762 crore in corresponding qrtr of FY 14
HIGHLIGHTS- 31.03.2015. CASA as on 31.03.2015 increased to 42.05% against 36.98 % as on 31.03.2014. Preferential interest rate Deposit including CD has comedown exponentially & stands at Rs 1483 cr as against Rs. 9906 cr in FY 14. CD as in FY 15 stands at Zero. Cost of Deposit stands at 6.88% against 7.13% for FY 2013-14. PCR as at 31.03.2015 is 58.50 % against 52.25% as on 31.03.2014. Gross NPA decline to 9.49% against 10.47% as on 31.03.2014. Net NPA decline to 6.22% against 7.18% as on 31.03.2014
Branch Network as on 31 st March 2015 Regional Breakup of Branches as on 31.03.2015 Metro Urban Semi-Urban Rural 330 463 411 800 During last five years, the Bank added 470 branches to its network During the FY 2014-15 Bank opened 5 branches 2 in urban location, 2 in semi-urban location & 1 in rural location The newly opened branches belonged to Telangana (1), Karnatka (2), Manipur (1) and West Bengal (1) states Around 39.92% of the Bank s network at the end of March, 2015 was situated in rural areas Around 58.18% of the Bank s network was situated in eastern and 17.71% in noth eastern parts of the country
Concentration of Branches as on 31.03.2015 Region No. of Branches 119 40 121 203 355 312 854 West Bengal East other than West Bengal North East North South West Bengal 854 East other than West Bengal 312 North East 355 North 203 West South 121 Central West 119 Central 40
Pattern of Shareholding : Mar 15 Share Capital: Rs 840 cr Net worth: Rs.5030 cr Book Value per share: 59.20/ share Return on Equity:5.16%
170359 BUSINESS PROFILE 179492 177888 Amt. in Rs. Crore Mar 13 Mar 14 Mar 15 Y-o-Y Growth (%) 100651 111510 108818 Total Business 170359 179492 177888-0.89% 69708 67982 69070 Total Deposits 100651 111510 108818-2.41% Mar 13 Mar 14 Mar 15 Advances Deposits Total Business Total Advances CD Ratio (%) 69708 67982 69070 1.60% 69.26 60.96 63.47 4.12
INVESTMENT Amt. in Rs. Crore Particulars Mar 14 Mar 15 Gross Investments 45127 46798 Held To Maturity (HTM) 29075 27570 Available For Sale (AFS) 16052 19228 Duration (AFS) 2.07 3.75 Modified Duration (AFS) 1.96 3.59 Duration Total Portfolio 4.30 4.82 Modified Duration Total Portfolio 4.10 4.62 Net Demand & Time Liabilities 111059 107587 SLR (%) 31.60 32.55 SLR HTM to Total SLR (%) 73.96 69.00 HTM to Gross Investment 64.43% 58.91% Total SLR 35100 35021 Total Non SLR 10027 11777
COMPOSITION OF DEPOSITS Amt. in Rs. Crore Mar 13 Mar 14 Mar 15 Y-o-Y Growth(%) Savings Deposits 30372 33154 36811 11.03% % Share 30.18% 29.73% 33.83% - Current Deposits 9533 8077 8944 10.73% % Share 9.47% 7.24% 8.22% - CASA Deposits 39905 41231 45755 10.97% CASA (%) 39.65% 36.98% 42.05% 13.71% Term Deposits 60746 70279 63063-10.27% % Share 60.35% 63.02% 57.95% - Total Deposits 100652 111510 108818-2.41%
COMPOSITION OF CREDIT PORTFOLIO Amt. in Rs. Crore Mar 13 Mar 14 Mar 15 Y-o-Y Growth (%) PRISEC 25604 28950 28561-1.34% Agriculture Credit 9571 9725 8600-11.57% MSE Advance 11810 11249 11641 3.48% Other Priority sector 4223 7976 8320 4.31% Retail Advance 10049 10357 12051 16.36% Housing 3508 4385 5093 16.15% Education 551 531 489-7.91% Car Loan 537 649 513-20.96% Other Retail Loans 5453 4792 5956 24.29% Corporate Advance 38278 38941 33749-13.33%
Interest On INTEREST INCOME Amt. in Rs. Crore Q- 4 (2013-14) Q- 4 (2014-15) Growth (%) (Q-o-Q) FY (2013-14) FY (2014-15) Growth (%) (Y-o-Y) Advances 1997.23 1786.52-10.55% 7816.56 7040.83-9.92% Investments 688.69 774.67 12.48% 2597.62 3048.21 17.35% Others 76.12 10.67-85.98% 185.11 91.44-50.60% Total Interest Income 2762.04 2571.86-6.89% 10599.29 10180.48-3.95%
Interest On INTEREST EXPENSE Q- 4 (2013-14) Q- 4 (2014-15) Growth (%) (Q-o-Q) FY (2013-14) Amt. in Rs. Crore FY (2014-15) Growth (%) (Y-o-Y) Deposits 1953.05 1746.30-10.59% 7569.14 7253.66-4.17% Interest on RBI/Inter Bank Borrowing 17.65 32.91 86.46% 94.12 82.53-12.31% Interest on UBI Bonds 57.51 57.51 0.00 223.06 233.25 4.57% Interest on Refinance 35.83 24.13-32.65% 149.50 119.38-20.15% Others -0.35 0.00-100% 0.65 1.00 53.85% Total Interest Expense 2063.69 1860.85-9.83% 8036.47 7689.82-4.31%
Particulars OTHER INCOME Amt. in Rs. Crore Q- 4 (2013-14) Q- 4 (2014-15) FY 2013-14 FY 2014-15 Comm, Exch & Brokerage 56.38 64.03 202.47 202.81 Profit from Trading 115.70 378.66 525.98 1167.74 Profit from Exchange Trans. 37.84 33.62 155.98 97.64 Bad Debt Realisation 24.01 32.13 95.28 60.88 Service Charges 37.61 48.29 143.33 142.19 Other Misc. Income 40.20 24.53 83.83 75.65 Total Other Income 311.74 581.26 1206.87 1746.91
Establishment Expense Rent, Taxes & Lighting OTHER EXPENDITURE Amt. in Rs. Crore Q- 4 (2013-14) Q- 4 Growth (%) (2014-15) (Y-o-Y) FY (2013-14) FY (2014-15) Growth (%) (Y-o-Y) 265.71 267.41 0.64% 1014.34 1038.29 2.36% 35.00 37.51 7.17% 125.52 139.94 11.49% Printing & Stationery 13.43 11.25-16.23 30.01 26.41-12.00% Depreciation 20.89 32.29 54.57% 69.19 105.73 52.81% Service charges 54.70 41.56-24.02% 88.96 127.56 43.39% Insurance 28.57 23.94-16.21% 111.18 103.38-7.02% Others 48.85 86.38 75.82% 268.74 268.32 - Total: 467.15 500.34 7.11% 1707.94 1809.63 5.95%
PROVISIONS & CONTINGENCIES Amt. in Rs. Crore Q- 4 Q- 4 Growth (%) FY FY Growth (2013-14) (2014-15) (Y-o-Y) (2013-14) (2014-15) (%) (Y-o-Y) Provisions for NPA -35.30 100.19-383.82% 1908.62 844.87-55.73% Provisions for NPI 22.24 12.46-43.97% 56.36 20.12-64.30% Depreciation on Investments -52.34 8.46-116.16% 88.52-70.41-179.54% Deferred Tax Asset -193.12 23.82-112.33% -342.77 198.11-157.80% Addl. Pension/Gratuity 245.70 164.26-33.15% 1119.16 451.37-59.67% Service Tax 3.62 3.09-14.64% 7.42 10.48 41.24% Others -9.20 375.12 4177.39% 437.88 717.41 63.84% Total 73.59 687.40 834.09% 3275.19 2171.95-33.68%
Interest On SPREAD MANAGEMENT Q- 4 (2013-14) Q- 4 (2014-15) Growth (%) (Q-o-Q) FY (2013-14) Amt. in Rs. Crore FY (2014-15) Growth (%) (Y-o-Y) Interest Expense 2063.69 1860.85-9.83% 8036.47 7689.82-4.31% Interest Income 2762.04 2571.86-6.89% 10599.29 10180.48-3.95% Net Interest Income (Spread) 698.35 711.01 1.81% 2562.82 2490.66-2.82% NIM 2.48% 2.60% - 2.32% 2.23% -
KEY RATIOS COST & YIELD Particulars Q- 4 (2013-14) Q- 4 (2014-15) FY 2013-14 FY 2014-15 Cost of Deposit (%) 7.28 6.79 7.13 6.88 Yield on Advance (%) 11.04 10.99 10.79 10.68 Yield on Investment (%) 8.00 8.04 8.00 8.04 Cost to Income Ratio (%) 46.25 38.72 45.31 42.70
OPERATING RATIOS Particulars Q- 4 (2013-14) Q- 4 (2014-15) FY 2013-14 FY 2014-15 Cost to Income (%) 46.25 38.72 45.31 42.70 Staff Cost as (%) of average working funds 0.88 0.88 0.83 0.86 Operating Profit to AWF(%) 1.80 2.61 1.69 2.01 Other Operating expenses as % of AWF 0.67 0.77 0.57 0.64 Staff Cost to Total Expenditure (%) 10.50 11.33 10.93 10.41
PROFITABILITY RATIOS Particulars Q- 4 (2013-14) Q- 4 (2014-15) FY 2013-14 FY 2014-15 Return on Assets (ROA) (%) 1.52 0.35-0.99 0.21 Earning per Share (Amt in Rs.) Book Value per Share (Amt in Rs.) 8.46 1.41-28.68 3.78 61.51 59.20 61.51 59.20
*Annualised PRODUCTIVITY RATIOS Mar 14 Mar 15 Business Per Employee (Rs/Cr.) 10.67 11.51 Business Per Branch (Rs/Cr.) 89.79 88.77 Gross Profit Per Employee (Rs/ Lac)* 12.50 15.98 Gross Profit Per Branch (Rs/ Lac)* 103.14 121.16
PRODUCTIVITY RATIOS (Qrtr-on-Qrtr) *Annualised Business Per Employee (Rs/Cr.) Business Per Branch (Rs/Cr.) Gross Profit Per Employee (Rs/ Lac)* Gross Profit Per Branch (Rs/ Lac)* Mar 14 Jun 14 Sep 14 Dec 14 Mar 15 10.67 10.60 10.53 10.74 11.51 89.79 87.40 85.32 85.00 88.77 12.50 14.21 13.00 14.00 15.98 103.14 114.89 103.38 109.07 121.16
CAPITAL ADEQUACY Mar 14 Mar 15 Tier - I 3987.02 5020.58 Of which- Common Equity 3987.02 5020.58 Adjusted Additional Tier I (AT 1) 0.00 0.00 Tier II 1993.51 2034.21 Total 5980.53 7054.79 RWA 61007.00 66798.28 CAR (%age) 9.81 10.56 Tier I 6.54 7.52 of which CET 6.54 7.52 Additional Tier AT -1 0.00 0.00 Tier -II 3.27 3.05
ADVANCE SECTORAL Rs. in crore 25 Sl No Parameters Mar 14 Dec 14 Mar 15 % Share in Nonfood cr. Variation Mar 15/Mar 14 Amt. (%) 1 Gross Advance 67981.71 64899.40 69069.92 0.00% 1088.21 1.60 2 Domestic Gross Advance 67981.71 64899.40 69069.92 0.00% 1088.21 1.60 2a 2b Food Credit 1501.81 1685.14 1403.05 0.00% -98.76-6.58 Dom. Non Food Gross Advance 66479.90 63214.26 67666.87 100.00 1186.97 1.79 3 Agriculture & Allied 9724.81 8321.59 8594.61 12.70-1130.20-11.62 4 Industry 30083.28 29264.62 29983.08 44.31-100.20-0.33 4a MSME Manufacturing 6009.41 5070.21 6499.49 9.61 490.08 8.16 4b Large Industry 24073.87 24194.41 23483.59 34.70-590.28-2.45
ADVANCE SECTORAL Rs. in crore Sl No Parameters Mar 14 Dec 14 Mar 15 % Share in Nonfood cr. Variation Mar 15/Mar 14 Amt. (%) 5 Retail Loans 10356.82 10512.48 12050.96 17.81 1694.14 16.36 5a Housing 4381.50 4744.23 5092.74 7.53 711.24 16.23 5b Car/Vehicle 648.24 545.68 513.03 0.76-135.21-20.86 5c Education 530.78 499.08 488.72 0.72-42.06-7.92 5d Other Retail Loans 4796.30 4723.49 5956.47 8.80 1160.17 24.19 6 Commercial Real Estate 679.12 464.08 376.88 0.56-302.24-44.50 7 NBFC 5270.12 5007.76 6128.48 9.06 858.36 16.29 8 Services & Others 10365.75 9643.73 10532.86 15.57 167.11 1.61
Advances-Industry wise Breakup Sl Major Industry wise Deployment March 14 Share % to Amt NFC Amt. in Rs. Crore March 15 Share % to Amt NFC 1 Food Processing 1216.48 1.83 1291.70 1.91 2 Textiles 1527.81 2.30 1512.57 2.24 3 Chemical & Chemical Product 1352.07 2.03 1146.07 1.69 4 Cement & Cement Products 861.86 1.30 821.93 1.21 5 Basic Metal & Metal Products 5002.08 7.52 5085.37 7.52 5a Iron & Steel 4920.6 7.40 5005.35 7.40 6 Paper & Paper Products 132.22 0.20 95.64 0.14 7 Petroleum 144.32 0.22 134.09 0.20
Advances-Industry wise Breakup Sl Major Industry wise Deployment March 14 Share % to Amt NFC Amt. in Rs. Crore March 15 Share % to Amt NFC 8 All Engineering Products 1481.47 2.23 1625.44 2.40 9 Vehicles & Vehicle Parts 478.39 0.72 603.87 0.89 10 Construction 934.66 1.41 1027.61 1.52 11 Infrastructure 14671.13 22.07 14408.47 21.29 11a Power 9664.66 14.54 9484.11 14.02 11b Telecommunication 1078.71 1.62 971.68 1.44 11c Roads & Ports 2883.95 4.34 2831.27 4.18 11d Other Infrastructure 1043.81 1.57 1121.41 1.66 12 Other Industry 2280.79 3.43 2230.32 3.30 13 Total Industry 30083.28 45.25 29983.08 44.31
ASSET QUALITY Mar 14 Jun 14 Sep 14 Dec 14 Mar 15 Gross NPA (Rs./Crore) 7118.01 7097.44 7074.69 7809.38 6552.91 Gross NPA ( %) 10.47 10.49 10.78 12.03 9.49 Net NPA (Rs/Crore) 4664.11 4666.54 4486.24 5240.32 4081.38 Net NPA Ratio (%) 7.18 7.23 7.19 8.50 6.22 PCR (%) 52.25 53.18 54.82 52.48 58.50
COMPOSITION GROSS NPA Mar 13 Mar 14 Mar 15 Standard Assets 66744 60864 62517 (95.75%) (89.53%) (90.51%) Substandard Assets 1898 4162 2221 (2.72%) (6.12%) (3.22%) Doubtful Assets 1047 2809 4294 (1.50%) (4.13%) (6.22%) Loss Assets 19 147 38 (0.03%) (0.22%) (0.05%) Total NPA 2964 7118 6553 (4.25%) (10.47%) (9.49%) Total 100% 100% 100%
SECTORAL NPA Rs. in crore Sl Parameters Mar 14 % of NPA Dec 14 % of NPA Mar 15 % of NPA 1 Gross Advance 7118.01 10.47 7809.38 12.03 6552.91 9.49 2 Domestic Gross Advance 7118.01 10.47 7809.38 12.03 6552.91 9.49 2a Food Credit 0.00 0.00 0.00 2b 3 Dom. Non Food Gross Advance Agriculture & Allied 7118.01 10.71 7809.38 12.35 6552.91 9.68 1285.45 13.22 1440.95 17.32 1322.96 15.39 4 Industry 3880.81 12.90 4493.90 15.36 3489.45 11.64 4a MSME Manufact. 1026.56 17.08 998.22 19.69 994.23 15.30 4b Large Industry 2854.25 11.86 3495.68 14.45 2495.22 10.63
Sl SECTORAL NPA Rs. in crore No Parameters Mar 14 % of NPA Dec 14 % of NPA Mar 15 % of NPA 5 Retail Loans 467.22 4.51 516.40 4.91 396.08 3.29 5a Housing 149.91 3.42 152.15 3.21 107.76 2.12 5b Car/Vehicle 30.47 4.70 36.92 6.77 32.58 6.35 5c Education 62.16 11.71 66.59 13.34 55.01 11.26 Other Retail 5d Loans 224.68 4.68 260.74 5.52 200.73 3.37 Commercial 6 Real Estate 142.04 20.92 64.91 13.99 60.97 16.18 7 NBFC 0.00 0.00 0.00 Services & 8 Others 1342.49 12.95 1293.22 13.41 1283.45 12.19
NPA MOVEMENT - QUARTERWISE Amount in crore Q- 4 (2013-14) Q- 1 (2014-15) Q- 2 (2014-15) Q- 3 (2014-15) Q- 4 (2014-15) Opening Balance 8545.50 7118.01 7097.44 7074.69 7809.38 Reduction 2592.13 1199.97 823.45 887.08 1741.77 Upgradation (-) 1487.37 611.12 578.33 318.43 1147.13 Cash Recovery (-) 645.41 340.38 237.17 193.39 465.64 Write-off (-) 459.35 248.47 7.95 375.26 129.00 Fresh Slippages(+) 1164.64 1179.40 800.70 1621.77 485.30 Closing Balance 7118.01 7097.44 7074.69 7809.38 6552.91
MOVEMENT OF NPA Amount in crore Q- 4 (2013-14) Q- 4 (2014-15) FY (2013-14) FY (2014-15) Opening Balance 8545.50 7809.38 8545.50 7118.01 Reduction 2592.13 1741.77 2592.13 4652.27 Upgradation (-) 1487.37 1147.13 1487.37 2655.01 Cash Recovery (-) 645.41 465.64 645.41 1236.58 Write-off (-) 459.35 129.00 459.35 760.68 Fresh Slippages(+) 1164.64 485.30 1164.64 4087.17 Closing Balance/Gross NPA 7118.01 6552.91 7118.01 6552.91 Net NPA 4664.11 4081.38 4664.11 4081.38 Gross NPA (%) 10.47 9.49 10.47 9.49 Net NPA (%) 7.18 6.22 7.18 6.22
RESTRUCTURED ACCOUNTS Particulars Mar 14 Jun 14 Sep 14 Dec 14 Mar 15 Total Advances 67982 67640 65647 64899 69070 Of which NPA 7118 7097 7075 7809 6553 Restructured Advances - Standard 4856 5219 5711 5711 8476 Restructured Advances - NPA 1484 1563 1686 1986 1692 Fresh Restructured during the quarter/increase in Balance 1056 618 787 677 2738 Closed / Recovery during the quarter 239 176 172 377 267 Restructured A/c Slippage to NPA during the Quarter incl fresh NPA restructure 222 236 206 530 201 Closed/Recovery of NPA Restructured A/C during the quarter 158 157 83 230 495
RESTRUCTURED ADVANCES Amt. in Rs. Crore Mar 2014 Mar 2015 Growth Y-o-Y Agriculture 244.25 217.83-10.82% MSME 230.45 222.48-3.46% Housing 64.55 51.45-20.29% Large Advances 5635.49 8365.31 48.44% Others 165.26 1311.07 693.34% Total 6340 10168 60.38%
Steps Taken by IT Division to Enhance Customer Service Internet Banking PPF module for viewing and making payments launched Amt. in in Rs. Internet Crore banking LPG-ID seeding enabled through Internet banking E-Filing of Tax through Internet Banking enabled Aadhaar seeding through Internet Banking, ATMs & SMS enabled Closure & Pre-Closure of Term Deposits through Internet Banking Meghalaya state Tax collection enabled through Internet Banking Interest certificate for all deposit and loan accounts launched in Internet banking Customer defined fund transfer limits & cooling period for new beneficiary launched in Internet Banking Birthday greeting message on Internet Banking launched
As on 31st March 2015, 13250 villages were Amt. in covered Rs. Crore under the Bank's Financial Inclusion drive. 4252 Bank Mitras are now operating under Sub Service Area (SSA) approach. Bank has set up 2,681 Ultra Small Branches across the country to support this initiative. Under Prime Minister Jan Dhan Yojna (PMJDY), Bank has opened 38.69 lakh accounts under PMJDY and issued 30.63 lakh Rupay Card.
REGIONAL RURAL BANKS 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). HOLISTIC APPROACH TO FINANCIAL INCLUSION Combined branch network of the sponsored RRBs is 1162 with a combined business of Rs. 32267 crore as on 31.03.2015. 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.
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