www.themegallery.com
2
HISTORY & BACKGROUND 3
ONE OF THE OLDEST BANKS IN SOUTH INDIA. INCORPORATED ON JANUARY 25, 1929.HEAD OFFICE: THRISSUR, KERALA FIRST AMONG PRIVATE SECTOR BANKS IN KERALA TO BECAME A SCB IN 1946. A PIONEER - FIRST PRIVATE SECTOR BANK : TO OPEN A NRI BRANCH IN NOV,1992 & AN IFB BRANCH IN MARCH 1993. AMONG THE PVT SECTOR BANKS IN KERALA TO OPEN AN OVERSEAS BRANCH, JUNE 93. LISTED IN NSE, BSE & CSE- IPO IN 1998. SUCCESSFUL FPO IN 2006 SUCCESSFUL QIP IN SEPT 2007 4
BOARD OF DIRECTORS NAME Shri. Amitabha Guha (Chairman) Dr. V.A.Joseph ( MD & C.E.O) Sri Jose Alapatt Sri Paul Chalissery Sri Mathew L Chakola Dr. N J Kurian Sri Mohan E Alapatt Sri K. Thomas Jacob Sri H. Suresh Prabhu M.Sc QUALIFICATION M.Com, LL.B., CAIIB, Ph.D.(HRD), MPM. B.Sc B.Com., PGDM Graduation Ph.D(Eco.), M.A.(Eco.), M.Sc(Stat.) BE (Mech) B.SC./ F.C.A. / DISA (ICAI) M.B.A (Finance), M.A., C.A.I.I.B, PG Diploma in International Banking, Bank Management, Treasury Investment & Risk Management EMINENT PERSONALITIES WITH RICH AND VARIED EXPERIENCE, GUIDE THE BANK IN ITS PROGRESS & ACHIEVEMENTS IN ALL SPHERES FII's, 38.79% Shareholding Pattern (June 11) Others, 5.90% Fis & Banks, 7.41 % Individuals, 40.98% Corporates, 9.65% DIVERSIFIED SHAREHOLDING & TRADITION OF GOOD CORPORATE GOVERNANCE PRACTICES 5
CORPORATE VISION TO EMERGE AS THE MOST PREFERRED BANK IN THE COUNTRY IN TERMS OF BRAND, VALUES, PRINCIPLES WITH CORE COMPETENCE IN FOSTERING CUSTOMER ASPIRATIONS, TO BUILD HIGH QUALITY ASSETS LEVERAGING ON THE STRONG AND VIBRANT TECHNOLOGY PLATFORM IN PURSUIT OF EXCELLENCE AND CUSTOMER DELIGHT AND TO BECOME A MAJOR CONTRIBUTOR TO THE STABLE ECONOMIC GROWTH OF THE NATION. MISSION TO PROVIDE A SECURE, AGILE, DYNAMIC AND CONDUCIVE BANKING ENVIRONMENT TO CUSTOMERS WITH COMMITMENT TO VALUES AND UNSHAKEN CONFIDENCE, DEPLOYING THE BEST TECHNOLOGY, STANDARDS, PROCESSES AND PROCEDURES WHERE CUSTOMER CONVENIENCE IS OF SIGNIFICANT IMPORTANCE AND TO INCREASE THE STAKEHOLDERS VALUE. 6
7
8
HIGHLIGHTS No of years in banking business 82 years No of branches 643 No of ATM s 533 Business as on Quarter end June 2011-2012 ` 53773 Crore Last 5 years business CAGR ~26% Net Interest Margin (June 11) 2.8% Capital Adequacy Ratio (Basel II -June 11) 13.51% Net Non-Performing Assets (June 11) 0.29% 9
OVERVIEW 10
Healthy Fundamentals Adequately capitalised; 13.51% CRAR & 10.86% Tier 1 ratio Asset quality; 1.07% GNPAs & 0.29% NNPAs 73.94% NPA Coverage ratio 17.18% ROE, 1.02% ROAA Over 85% secured loan book Strong Growth One of the fastest growing banks in India. 25% CAGR in business in last 5 years Constant growth in Business & Profitability Most advanced technology in all spheres of banking operations & delivery channels. Key Strength Significant Turnaround Benchmarked HR Practices & Introduced Performance Linked Incentive schemes. Forward looking employee profile Highly skilled workforce- 43% of employees under age 30 with professional qualification. Key Competitive Advantage Fast expanding branch network High Asset Quality with well diversified Loan portfolio 9% market share in Kerala s NRI deposit base. Strong boost to Income from high yielding gold loans forming 20% of the loan book. 11
Spread of Branches 2 more branches added in FY 12 making the total no of branches - 643. 1000 500 (Pie chart distribution of Branch classification as on 30.06.2011) Rural 110 17% Semiurban 293 46% Branch Statistics Metro 98 15% Urban 142 22% (Proposed) 475 500 530 580 641 700 0 FY07 FY08 FY09 FY10 FY11 FY12 12
STATES No: of Branches STATES No: of Branches KERALA 360 JHARKHAND 2 TAMIL NADU 115 MADHYA PRADESH 2 KARNATAKA 37 ORISSA 2 ANDHRA PRADESH 29 PONDICHERRY 2 MAHARASHTRA 24 RAJASTHAN 2 DELHI 21 ASSAM 2 WEST BENGAL 9 BIHAR 1 UTTAR PRADESH 8 CHANDIGARH 1 GUJARAT 6 JAMMU & KASHMIR 1 HARYANA 4 UTTARANCHAL 1 PUNJAB 4 TRIPURA 1 GOA 4 HIMACHAL PRADESH 1 CHATTISGARH 3 MEGHALAYA 1 13
100 50 New Branches Added 25 25 30 50 (Proposed) 61 59 0 FY07 FY08 FY09 FY10 FY11 FY12 14
Project SIBERTECH- 100% Core Banking Solution (CBS) using FINACLE from Infosys. Centralized Data Centre with most advanced technological platform in a new state of the art Green complied building at Kochi, Kerala. Emphasis on IT security & Risk Management - Disaster-recovery site at Bangalore for CBS & Regular IS Audits. Member of INFINET & 533 On-line ATMs through NFS tie-up with other banks A host of hi-tech products- International debit & credit cards, high speed & secure Internet & Mobile Banking for retail & corporate clients. Online Value added services - Stock trading, ticket booking, mobile recharges, shopping, Utility payments, offerings. SIB FINS Card -A smartcard based FI initiative in association with M/s Coromandel Infotech India Ltd., Chennai, as the technology service provider. Successfully implemented RTGS & NEFT in all branches. Successfully launched Smart card at Christ University, Bangalore which works as Access card, Identity card, ATM card and card for payment of fees in Christ College for around 10000 students. Best-in-class IT products & solutions in all banking operations like Treasury, Risk Management, AML, Credit Processing, HR, Audit & KYC. 15
Loan Products Deposit products Other Products Retail Banking Gold Loans Retail Business Loans Housing Loans/ Mortgages Auto Loans Personal Loans Education Loans Employee Group Loans Savings Bank Accounts Current Accounts Fixed/ Recurring Deposits Depository Account Mutual Funds sales Life Insurance sales General Insurance sales Group Insurance sales E-payment Cash Management Services Online Foreign Inward Remittance m-commerce New Pension System Commercial Banking Wholesale Banking Working Capital Loans Term Loans Wholesale Deposits Letters of Credit Banks Guarantees Bill Finance 16
Particulars March 10 March 11 June 11 Number of Business Correspondents appointed (BCs) Number of villages with population above 2000 provided with banking facility (Rural branches & BCs) 0 7 12 107 117 122 Number of rural households covered 2.46 Lakh 2.47 Lakh 2.52 Lakh Number of No-frills accounts (including Students A/c) 6.83 Lakh 10.26 lakh 10.61 lakh No-frills accounts - amount 64.06 crore 102.72 crore 105.96 crore Way forward We have been empanelled by UIDAI for opening No-Frills account based on AADHAAR enrollment. in 26 districts & 39 villages already allotted for Financial Inclusion. BCs with smartcard based model with Hand Held Terminals as per the open standards as. recommended by IBA/IDRBT implemented. 17
LIFE INSURANCE WITH LIC GENERAL INSURANCE WITH BAJAJ ALLIANZ MUTUAL FUNDS ALL THE LEADING AMCS IN INDIA SRILANKA'S HATTON NATIONAL BANK (HNB) IMPROVE THE REMITTANCE FLOW TO INDIA AND SRI LANKA MORE THAN 30 EXCHANGE HOUSES & BANKS IN MIDDLE EAST FACILITATING FAST REMITTANCES FOR MORE THAN 2LAKH NRI CUSTOMERS, MOSTLY FROM GULF COUNTRIES PROVIDING MANAGERIAL SUPPORT TO OVERSEAS EXCHANGE HOUSE - HADI EXCHANGE HOUSE 18
NO. 1 in Asset Quality- Business Today Ranking of Banks. Best Bank in Asset Quality Award - Dun & Bradstreet Best NPA Manager- ASSOCHAM- ECO Pulse Survey. Top Performer in Asset Quality- Analyst 2008 Survey. Best Asian Banking Website - Asian Banking & Finance Magazine, Singapore. Best Old Pvt Sector Bank - Financial Express India's Best Banks 2008-2009. Best Pvt Sector bank in the Service quality segment Outlook Money - CFore Survey. Best Website Award from Kerala Management Association India s Best Bank 2010 Award Businessworld Price Water House Coopers. Best Banks Survey 2010 19
BUSINESS PERFORMANCE 20
(Amount in ` Crore) 200 180 160 140 120 100 80 60 40 20 0 Net Profit 58.44 167.36 Net Interest Income 82.49 204.97 Q1 (FY 2010-11) Q1 (FY 2011-12) Advances 31% (Q1 Q1 ) Growth Cost/ Income Ratio Gross NPA ROA Tier 1 Deposits 36% 44.22% 1.07% 1.02% 10.86% 2.8% 0.29% 17.18% 13.51% Net Interest Margin Net NPA ROE CRAR Net profit grew 41% 21
RoA RoA (Quarter 1) (Annualized) 1.50% 1.00% 1.01% 1.09% 1.07% 1.05% 1.02% 0.90% 0.92% 0.91% 0.91% 0.95% 0.50% 0.00% FY08 / '08(Q1) FY09/ '09(Q1) FY10/ '10(Q1) FY11/ '11(Q1) FY12/ '12(Q1) RoA coming mainly from Core Income 22
(Amount in ` Crore) Total Business and Growth Credit Deposit Ratio 60000 50000 40000 30000 20000 10000 0 34% 29% 27% 23% 21% 53773 40217 21342 26020 31316 FY08 (Q1) FY09 (Q1) FY10 (Q1) FY11 (Q1) FY 12 (Q1) 40% 35% 30% 25% 20% 15% 10% 5% 0% 72% 68% 64% 60% 56% 71.07% 69.03% 67.18% 65.92% 63.28% FY08 (Q1) FY09 (Q1) FY10 (Q1) FY11 (Q1) FY 12 (Q1) Business grew over 2.5 times at CAGR of 26% in 5 years Increasing trend for CD ratio for last 2 year 23
(Amount in ` Crore) Growth in Deposits 30000 25000 20000 15000 10000 5000 0 25.34% 19.82% 12834 15378 21.43% 18674 24.94% 23331 35.54% 31622 FY08 (Q1) FY09 (Q1) FY10 (Q1) FY11 (Q1) FY12 (Q1) 40% 30% 20% 10% 0% Deposits grew over 2.5 times at CAGR of 25% in 5 years 24
Composition of Deposits : June 11 SB Deposits, 5464, 17% CD Deposits, 1326, 4% Term Deposits, 24833, 79% 15000 10000 5000 0 Annual Trend in Low cost deposits FY08 FY09 FY10 FY11 SB Deposits CD NRE Deposits SB, CD and NRE deposits form 34% of total deposits. 25
Trend in Cost of Deposits - Yearly Trend in Cost of Deposits - Qtrly 10.00% 9.00% 8.00% 7.00% 6.93% 6.43% 6.34% 6.40% 6.57% 7.60% 6.00% 5.00% 4.00% Mar'10 Jun'10 Sep'10 Dec'10 Mar'11 Jun' 11 26
30000 20000 10000 0 Growth in Advances 34.70% 28.80% 27.21% 31.66% 19.14% 22151 8508 10642 12642 16886 FY08 Q1 FY09 Q1 FY10 Q1 FY11 Q1 FY12 Q1 40% 30% 20% 10% 0% Advances grew over 2.6 times at CAGR of 27% in 5 years 27
Composition of Advances June 11 Sector Less than 5 crore 5 crore & above Total % to total Agriculture 3144.03 285.23 3429.26 15.48% MSME 1673.66 396.78 2070.44 9.35% Large Scale Industries 511.82 3075.10 3586.93 16.19% Housing 1149.77 597.91 1747.69 7.89% Commercial Real Estate 72.20 32.06 104.27 0.47% NBFC 59.38 898.33 957.71 4.32% Food Credit -- 415.81 415.81 1.88% LC Bills -- 3077.80 3077.80 13.89% Other 5885.58 875.52 6761.11 30.52% Total 12496.45 9654.55 22151.00 100.00% 28
Trend in Yield on Advances- Yearly Trend in Yield on Advances - Qtrly 16.0% 12.0% 11.8% 12.0% 8.0% 8.9% 9.5% 10.6%11.7% 11.1%10.9% 11.0% 11.1% 10.9% 10.8% 10.6% 10.7% 4.0% 0.0% FY06 FY07 FY08 FY09 FY10 FY11 10.0% Mar'10 Jun'10 Sep'10 Dec'10 Mar'11 Jun'11 Yield on Advance trends downwards in last two years. Improvement in last 3 quarters. 29
10000 5000 0 SLR & Non SLR Securities 1181 789 1451 641 532 7286 3165 4147 4552 5711 FY08 (Q1) FY09 (Q1) FY10 (Q1) FY11 (Q1) FY12 (Q1) SLR Securities Non-SLR Securities Composition of Investment Book (June 11) Category Amount Percentage Held to Maturity 6327 75% Held for Trading 369 4% Available for Sale 1771 21% 10% 9% 8% 7% 6% 5% Total 8467 100% Yield on Investments 6.88% 6.55% 6.71% 6.08% 6.05% 6.69% FY07 (Q1) FY08 (Q1) FY09 (Q1) FY10 (Q1) FY11 (Q1) FY12 (Q1) 30
Particulars March 2009 June 2009 March 2010 June 2010 March 2011 June 2011 Total Investment Portfolio Total HM Investment Portfolio Total HFT and AFS together Investment Portfolio 3.34 3.48 3.89 4.34 3.67 4.10 5.04 5.64 5.21 5.18 4.81 4.68 0.77 0.95 0.35 0.74 0.42 0.39 31
16.5% 16.0% 15.5% 15.0% 14.5% 14.0% 13.5% 13.0% 12.5% 12.0% 14.8% 14.2% CRAR Basel 2 16.0% 15.4% 15.1% 14.0% 13.5% FY09 /'09 Q1 FY10/'10 Q1 FY11/'11 Q1 FY 12/'12 Q1 The bank has CRAR in excess of the required minimum of 9% stipulated by RBI. 32
20% 15% 1.54% 1.37% 3.57% 3.43% 2.97% 2.89% 2.78% 2.58% 2.74% 2.65% 10% (Amount in ` crore) RWA Tier 1 Capital Tier 2 Capital 5% 0% Total Capital Mar 09 9525 1259 147 1406 Mar 10 11377 1412 337 1749 Jun 10 11270 1476 326 1802 Sep 10 11861 1551 330 1881 Dec 10 13174 1622 340 1962 Mar 11 14647 1650 401 2051 Jun 11 15152 1645 401 2046 13.22% 13.71% 14.30% 13.93% 12.42% 13.10% 13.08% 12.31% 11.27% 10.86% Mar'09 Jun'09 Sep'09 Dec'09 Mar'10 Jun'10 Sep'10 Dec'10 Mar'11 Jun'11 Tier 1 CRAR Tier 2 CRAR Strong Core Capital. Dependence on Capital Instruments low. 33
(Amount in ` crore) 1000 800 600 400 200 0 34% 26% 28% 12% 41% FY08 (Q1) FY09 (Q1) FY10 (Q1) FY11 (Q1) FY12 (Q1) Int on Adv Int on Inv Oth Int Non-Int Income Trend Gross Annual income grew over 2.5 times in 5 years at CAGR 26% 50% 40% 30% 20% 10% 0% 15% 10% 5% 0% Total income FY08 (Q1) 322.00 FY09 (Q1) 405.90 FY10 (Q1) 521.20 FY11(Q1) 581.80 FY 12 (Q1) 820.40 7.52% 8.73% 8.85% 9.53% 8.45% 9.47% FY07 (Q1) Yield on funds FY08 (Q1) FY09 (Q1) FY10 (Q1) FY11 (Q1) FY12 (Q1) 34
Particulars Quarter ended 30/06/2010 Quarter ended 30/06/2011 Commission, Exchange & Brokerage 8 9 Profit on sale of investment (NET) 9 15 Profit on sale of Land, Building & Other assets (net) - ~ 1 Profit on Exchange Transactions (Net) 4 5 Miscellaneous Income 1. Processing Fees 2 3 2. Rent Received - - (Amount in ` crore) 3. Others (Folio charges, Locker Rent) 18 19 Total 41 52 35
Trend in Expenses Cost of Funds 800 700 600 500 400 300 200 100 0 45% 26% 30% 268.13 336.51 677.21 438.08 477.38 9% 42% FY08 (Q1) FY09 (Q1) FY10 (Q1) FY11 (Q1) FY12 (Q1) Int Exp Staff Exp Oth Exp Trend 50% 45% 40% 35% 30% 25% 20% 15% 10% 5% 0% 8% 7% 6% 5% 4% 4.59% FY07 (Q1) 5.97% 6.40% 6.89% 5.83% FY08 (Q1) FY09 (Q1) FY10 (Q1) FY11 (Q1) 6.94% FY12 (Q1) 36
(Amount in ` crore) Growth in Net Profit Net Interest Margin 100 80 60 40 20 0 82.49 58.44 38.62 44.42 30.37 15.05 FY07 (Q1) FY08 (Q1) FY09 (Q1) FY10 (Q1) FY11 (Q1) FY12 (Q1) 3.00% 2.75% 2.50% 2.8% 2.8% 2.8% FY10 (Q1) FY11 (Q1) FY12 (Q1) Net profit grew over 5.5 times in 6 years at CAGR 41%. Net Interest margin (NIM) remains at satisfactory range. 37
Return on Equity Return on Average Assets 20.0% 15.0% 10.0% 5.0% 0.0% 16.1% 17.2% 15.2% 12.9% 13.2% 9.2% FY07 (Q1) FY08 (Q1) FY09 (Q1) FY10 (Q1) FY11 (Q1) FY12 (Q1) 1.00% 0.80% 0.60% 0.40% 0.20% 0.00% 0.85% 0.89% 0.85% 0.89% 0.95% 0.51% FY07 (Q1) FY08 (Q1) FY09 (Q1) FY10 (Q1) FY11 (Q1) FY12 (Q1) Cost/ Income Ratio Earnings per Share (EPS) 60.0% 40.0% 20.0% 56.7% 55.7% 47.8% 55.0% 50.1% 44.2% 4.00 3.00 2.00 1.00 0.86 1.73 1.71 1.58 2.07 2.93 0.0% 0.00 FY07 (Q1) FY08 (Q1) FY09 (Q1) FY10 (Q1) FY11 (Q1) FY12 (Q1) FY07 (Q1) FY08 (Q1) FY09 (Q1) FY10 (Q1) FY11 (Q1) FY12 (Q1) 38 38
1000 800 600 400 200 0 Business per Employee (` in Lakh) 924 754 652 527 579 453 FY07 (Q1) FY08 (Q1) FY09 (Q1) FY10 (Q1) FY11 (Q1) FY12 (Q1) 7.00 6.00 5.00 4.00 3.00 2.00 1.00 0.00 Profit per Employee (` in Lakh) 6.09 4.59 3.53 3.87 3.14 1.69 FY07 (Q1) FY08 (Q1) FY09 (Q1) FY10 (Q1) FY11 (Q1) FY12 (Q1) 100.00 80.00 60.00 40.00 20.00 0.00 Business per Branch (` in Crore) 78.71 66.85 50.68 55.75 36.05 42.48 FY07 (Q1) FY08 (Q1) FY09 (Q1) FY10 (Q1) FY11 (Q1) FY12 (Q1) 100.00 80.00 60.00 40.00 20.00 0.00 Operating Profit per Branch (` in Lakh) 89.99 72.70 55.50 61.72 37.61 44.87 FY07 (Q1) FY08 (Q1) FY09 (Q1) FY10 (Q1) FY11 (Q1) FY12 (Q1) 39 39
(Amount in Rs crore) Gross NPA & Net NPA (%) 100% Provision Coverage 75.03% 70.55% 58.38% 71.20% 73.15% 4% 3% 2% 1% 0% 3.70% 1.98% 1.85% 0.83% 0.49% 0.68% 1.33% 1.07% 0.39% 0.29% FY08 (Q1) FY09 (Q1) FY10 (Q1) FY11 (Q1) FY12 (Q1) 0% Change in Gross NPA & Net NPA FY08 (Q1) FY09 (Q1) FY10 (Q1) FY11 (Q1) FY12 (Q1) Year ended 31/03/2 010 Qtr ended 30/06/2 010 Year ended 31/03/20 11 Qtr ended 30/06/2 011 Gross NPA 211 223 230 236 Gross NPA (%) 1.32% 1.33% 1.11% 1.07% Net NPA 62 64 61 63 Net NPA (%) 0.39% 0.39% 0.29% 0.29% Asset Quality maintained at high level. Provision coverage comfortable 40 40
Particulars Year ended 31/03/2010 Year ended 31/03/2011 Qtr ended 30/06/2010 Qtr ended 30/06/2011 For NPA advance 34.98 27.74 10.89 2.77 For Depreciation on Investments (Amount in ` crore) -40.94 9.37 2.74 3.98 For NPA investment 2.14 0.26 0.26 - For standard assets 6.43 21.60 2.20 13.78 For income tax 133.55 152.94 29.26 39.81 For Restructured advances 7.58-0.05 - -0.04 General Provision 33.00 20.00 - - Other impaired assets 0.07 0.84 0.61 0.34 Total Provisions and Contingencies 176.81 232.70 45.96 60.64 41 41
Performance Highlights 9-Jun 9-Sep 9-Dec 10-Mar 10-Jun 10-Sep 10-Dec (Amount in ` crore) Year ended Mar-11 Quarter ended Jun-11 CRAR Basel 2 (%) 15.08% 17.86% 17.35% 15.40% 15.99% 15.86% 14.89% 14.01% 13.51% Return on Assets (Annualised) 1.23% 1.30% 1.23% 1.07% 0.91% 1.03% 1.04% 1.05% 1.02% NIM (%) 3.3% 3.% 3.3% 2.8% 2.8% 3.0% 3.0% 3.1% 2.8% Gross NPA's 230.9 212.9 213.9 211.0 223.1 227.7 253.6 230.3 236.4 Net NPA 83 56 57 61 65 67 74 60 63 Gross NPA (%) 1.85% 1.61% 1.46% 1.32% 1.33% 1.27% 1.33% 1.11% 1.07% Net NPA (%) 0.68% 0.43% 0.39% 0.39% 0.39% 0.38% 0.39% 0.29% 0.29% Provision Coverage 63.20% 73.30% 73.30% 70.50% 70.70% 70.10% 70.70% 73.64% 73.15% CASA 4551 4784 4999 5323 5852 5989 6045 6404 6790 CASA 24.40% 24.30% 24.20% 23.10% 25.10% 23.90% 22.40% 21.55% 21.47% Deposits 18650 19688 20643 23012 23331 25060 26998 29721 31622 Advances 12320 13059 14508 16115 16728 17718 19188 20799 21829 Yield on advances 11.85% 11.68% 11.39% 11.14% 10.77% 10.61% 10.69% 10.90% 11.75% 42 42
FUTURE STRATEGY 43
1 2 3 4 Enhancing income Ramping up low Enhancing Focus on increasing from distribution of cost as well as productivity per share of low cost third party retail liabilities branch/per NRI deposit base products franchise employee 44 44
AIMS TO OPEN 57 BRANCHES & 107 ATMS THIS FISCAL TO BOOST NETWORK & TAKE BRANCH TALLY TO 700 BY MARCH 2012. AIMS TO INCREASE TOTAL BUSINESS MIX TO RS 1.25 LAKH CRORE BY MARCH 2015. TO SUPPORT BUSINESS GROWTH PLAN FOR THE NEXT 3 YEARS, THE BANK HAS DECIDED TO RAISE RS 1,000 CRORE CAPITAL THROUGH QIP. ENHANCING INCOME FROM DISTRIBUTION OF THIRD PARTY PRODUCTS RAMPING UP LOW COST AS WELL AS RETAIL LIABILITIES. ENHANCING PRODUCTIVITY PER BRANCH/PER EMPLOYEE FOCUS ON INCREASING SHARE OF LOW COST NRI DEPOSIT BASE FOCUS ON IMPROVING SHARE OF GOLD LOANS 45
(Amount in ` crore) Particulars June 11 Target June 11 Actual Outperformance/ (Underperformance) March 13 Target Target growth Deposits 31,048 31,622 1.85% Advances 21,844 22,151 1.40% Total Business 52,892 53,773 1.66% 75,000 39.47% Profits 79 82 3.80% Number of branches - 643-750 Net NPA % 0.29% 46 46
IMPORTANT NOTICE No representation or warranty, express or implied is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of such information or opinions contained herein. The information contained in this presentation is only current as of its date. Certain statements made in this presentation may not be based on historical information or facts and may be forward looking statements, including those relating to the Company s general business plans and strategy, its future financial condition and growth prospects, and future developments in its industry and its competitive and regulatory environment. Actual results may differ materially from these forwardlooking statements due to a number of factors, including future changes or developments in the Company s business, its competitive environment and political, economic, legal and social conditions in India. This communication is for general information purpose only, without regard to specific objectives, financial situations and needs of any particular person. This presentation does not constitute an offer or invitation to purchase or subscribe for any shares in the Company and neither any part of it shall form the basis of or be relied upon in connection with any contract or commitment Important Notice whatsoever. The Company may alter, modify or otherwise change in any manner the content of this presentation, without obligation to notify any person of such revision or changes. This presentation can not be copied and/or disseminated in any manner. 47 47
PROMOTE GREEN BANKING, SOCIALLY RESPONSIBLE BANKING 48