The Bank that begins with Financial Results Q3 & 9Months, F.Y. 2012-13 Concall with Analysts 4 th March, 2013
Performance Highlights Mar - 2012 Dec - 2011 Dec - 2012 Percent 152989 157682 Total Business 141915 11.1 89116 Deposit 82815 92086 11.2 36329 CASA 32939 36819 11.8 63873 Advance 59100 65596 11.0
Total Business Progress 160000 157682 155000 155189 152989 150000 145000 141915 140000 Dec'11 Mar'12 Sep'12 Dec'12
Pan-India Presence Presence in 28 States & 4 UTs 33 Regional Offices 100% CBS Network of 1695Branches As on 31.12.2012 Metropolitan, 322, 19% Urban, 386, 23% Semi Urban, 316, 18% Rural, 671, 40% South, 70, 4% West, 68, 4% North, 87, 5% Central, 110, 7% N-East, 289, 17% East, 1071, 63%
Operating Overview
Total Deposits 100000 100000 90000 80000 70000 82815 92086 95000 90000 89116 89639 92849 92086 60000 85000 82815 50000 Dec'11 Dec'12 Total Deposits increased by 11.2% 80000 Dec'11 Mar'12 Jun'12 Sep'12 Dec'12 Core Deposits increased by 21.0%
CASA 35000 28000 21000 25646 26589 27830 28757 28997 14000 7000 7293 9741 8447 8603 7822 0 Dec'11 Mar'12 Jun'12 Sep'12 Dec'12 SB deposits grew by 13.1% Current Deposits Increased by 7.3% on YoY basis
Deposit Mix Dec 11 Dec 12 CASA : 39.8% CASA : 40.0% Core Deposit: 80.5% Core Deposit : 87.6%
Cost of Deposits 7.1 7 6.9 6.92 6.98 7.01 6.93 6.8 6.7 6.69 6.6 6.5 Dec'11 Mar'12 Jun'12 Sep'12 Dec'12 9-Months Quarterly Sequential
Advances
Total Advances 67000 65000 65596 63000 63873 63625 62340 61000 59000 59100 Dec'11 Mar'12 Jun'12 Sep'12 Dec'12 Total Advances increased by 11% Quarterly Sequential
Total Advances - Breakup Category Dec 11 Dec 12 Growth(%) Total Advances : 59100 65596 11.0% Retail Advances 8163 8597 5.3% MSME Advances 8882 10153 14.3% Agriculture 5921 9083 53.4% Large & Mid-Corp. 36134 37763 4.5% Dec 11 Dec 12 Growth (%) Priority Sector Advances 19267 23177 20.3% Food Credit 1381 1743 26.2%
Advances Mix Dec 11 Dec 12 Large & Mid- Corp., 36134, 61% Retail Advances, 8163, 14% MSME Advances, 8882, 15% Agriculture, 5921, 10% Large & Mid- Corp., 37763, 58% Retail Advances, 8597, 13% MSME Advances, 10153, 15% Agriculture, 9083, 14%
Top 10 Sectoral Exposures Housing, 5681.96 Chemicals, 2144.41 Engineering, 1986.21 NBFC, 7143.29 Food Credit, 1743.10 Power, 7305.19 Agriculture, 8445.09 Metal, 5673.09 Trade, 4110.03 Road & Port, 3043.99
Retail Advances 8600 9000 8400 8597 8700 8597 8200 8000 8163 8400 8100 8163 8175 8127 8008 7800 7800 7600 Dec'11 Dec'12 7500 Dec'11 Mar'12 Jun'12 Sep'12 Dec'12 Total Retail Advances increased by 5.3% Quarterly Sequential
Retail Advances Breakup Retail Scheme Dec 11 Dec 12 Growth (%) Housing Loan 2728 3125 14.6% Auto Loan 460 503 9.3% Education Loan 493 517 4.9% Personal & other loans 4482 4452-0.7% Total : 8163 8597 5.3%
Priority Sector Advances 24000 18.0% 23000 22000 22258 22506 22087 23177 44.2% 21000-12.6% 20000 19000 19267 Dec'11 Mar'12 Jun'12 Sep'12 Dec'12 PRISEC Advances up by 20.3% Quarterly Sequential
MSME Advances 10500 10500 9900 9300 14.3% 10153 10000 9500 9727 9973 9559 10153 8700 8100 8882 9000 8882 7500 Dec'11 Dec'12 8500 Dec'11 Mar'12 Jun'12 Sep'12 Dec'12
Restructured Accounts FY ended Quarters ended Mar 12 Dec'11 Mar 12 Jun'12 Sep'12 Dec'12 Total Advance 63873 59100 63873 63625 62340 65596 Out of which NPA 2176 1939 2176 2210 2418 2902 Restructured Advance 3106 2255 3106 4093 4214 4557 Fresh Restructured 1350 279 972 1120 257 629 Closed / Recovery 411 19 121 133 136 286 NPA in Restructured Advance 778 474 778 921 1000 1113 Slippage in Restructured Adv. 549 8 327 121 120 139 Upgradation/Recovery/Closed 77 31 23 39 41 40 No. of Restructured Accounts 18168 out of which 10267 accounts identified as NPA
Q3 10-11 Yield on Advances
INVESTMENTS
Total Investments Dec'11 HFT, 0, 0% Dec'12 HFT, 0, 0% AFS, 7012, 25% AFS, 10422, 31% HTM, 21335, 75% HTM, 23685, 69% Total Investment - 28347 Total Investment 34107 Net Investments increased by 20.3%, whereas HTM grew by 11.0% Yield on Investment increased from 7.80% to 7.92% Modified duration (in years) of: 31.12.2011 31.12.2012 Portfolio 4.88 4.63 AFS/HFT 3.07 3.18 HTM 5.55 5.35
Operating Snapshot
Income & Profitability Growth % 9MFY12 9MFY13 Parameters Q3FY12 Q3FY13 Growth % 18.6 5828.77 6915.39 2341.05 Interest Earned 2050.95 14.1 44.5 495.08 715.50 Non-Interest Income 163.21 258.34 58.3 25.8 3968.68 4991.91 Interest Expenses 1383.34 1706.93 23.4 9.5 1004.16 1099.79 Operating Expenses 347.55 376.70 8.4
Non Interest Income 9-Months Quarterly - Sequential 300 44.50% 250 237.83 241.87 258.34 215.29 200 150 163.21 Dec'11 Mar'12 Jun'12 Sep'12 Dec'12
Non Interest Income Break up 9M-FY12 9M-FY13 % growth Particulars Q3-FY12 Q3-FY13 % growth 134.80 147.35 9.3% Comm., Exchange & Brokerage 46.05 47.19 2.5% 172.86 191.79 11.0% Miscellaneous other Income 60.57 71.37 17.8% 28.13 82.93 194.8% Income on Exchange Transactions 11.22 26.28 134.2% 335.79 422.07 25.7% Total of Core Non Interest Income 117.84 144.84 22.9% 159.29 293.42 84.2% Income from Treasury Operation 45.37 113.49 150.1% 495.08 715.50 44.5% Total Non Interest Income 163.21 258.33 58.3% 52.42 79.66 52.0% Recovery from Written-off A/cs 16.44 29.54 79.7%
Net Interest Income 9-Months Quarterly - Sequential 700 3.4% 675 667.61 683.57 650 625 619.14 634.12 600 605.79 Dec'11 Mar'12 Jun'12 Sep'12 Dec'12
Operating Profit 9-Months Quarterly - Sequential 560 546.10 13.9% 535 510 515.76 485 483.27 477.83 477.33 460 Dec'11 Mar'12 Jun'12 Sep'12 Dec'12
Provisions & Contingencies Growth% 9M-FY12 9M-FY13 Q3FY12 Q3FY13 Growth% 35.8 867.77 1178.47 Total Prov. & Conting. 257.25 473.57 84.1 93.0 348.35 672.23 NPA Provision 93.24 313.99 236.8 54.2 70.00 108.00 Pension/Gratuity 29.00 36.00 24.1 8.85 192.00 175.00 Provision for Income Tax 59.00 18.00 69.4 13.28 257.42 223.24 Provision for others 76.01 105.58 38.90
Net Profit 9-Months Quarterly - Sequential 600 250 500 400 483.24 360.72 200 226.02 173.89 300 150 149.29 144.64 200 100 100 50 42.19 0 Dec'11 Dec'12 0 Dec'11 Mar'12 Jun'12 Sep'12 Dec'12 9-Months Net Profit decreased by 25.3%
Asset Quality
NPA Movement 9MS 2011-12 9MS 2012-13 Particulars Q3 2011-12 Q3 2012-13 1355.78 2176.42 Opening NPA 1908.06 2417.73 790.77 702.27 Reduction 330.88 196.74 210.70 245.09 Cash Recovery 71.41 73.08 394.03 149.03 Up-gradation 221.15 53.21 186.04 308.15 Write-off 38.32 70.45 1374.06 1427.56 Slippages 361.89 680.72 1939.07 2901.71 Closing NPA 1939.07 2901.71
(Percent) Non Performing Assets Net NPA: Rs.1416Cr. as on 31.12.12 Provision Coverage Ratio as on 31/12/2012 67.25%
Key Ratio
Key Ratios Dec 11 Mar 12 Dec 12 Basel-II (CRAR) 12.95% 12.69% 11.88% Tier-I 8.94% 8.79% 8.49% Tier-II 4.01% 3.90% 3.39% % of GOI shareholding 85.48% 81.56% 81.56%
Profitability Ratios (%) 9M - 2011-12 9M 2012-13 Q3-2011-12 Q3 2012-13 11.26 11.38 Yield on Advance 11.56 11.22 7.80 7.92 Yield on Investment 7.78 7.92 6.58 6.98 Cost of Deposit 6.69 6.93 3.16 2.77 NIM 3.30 2.68 0.73 0.47 ROA 1.00 0.16 42.64 41.67 Cost Income Ratio 41.83 42.21 71.36 71.23 CD Ratio 71.36 71.23 6.64 7.16 Cost of Fund 6.77 7.18
Market Information Parameters Dec 11 Mar 12 Dec 12 Book Value per Share (`) 117.28 114.39 124.46 Earning per Share (`) 12.10 15.79 8.25 Price / Book Value 0.40 0.63 0.65 Price Earning Ratio 3.84x 4.59x 7.32x Return on Equity 13.76% 13.18% 8.84%
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