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BUSINESS:
Ø
Total Business
increased by
33.73% from Rs.51581 crore to
Rs.68980
crore.
Ø
Total Deposits
increased by
31.98% from Rs.31952 crore to
Rs.42169
crore.
Ø
Gross Advances
increased by
36.59% from Rs.19629 crore
to 26811 crore.
PROFITABILITY
:
Ø
Net Profit
for the period ended 30.09.2007 is
Rs.216.60 crore as against Rs.174.96 crore
for the period ended 30.09.2006, recording growth of
23.80%.
Ø
Operating Profit
for the period ended 30.09.2007 is Rs.315.82
crore as against Rs.339.98 crore.
Ø
Interest Income from advances
increased from
Rs.1287.64 crore to
Rs.1862.64 crore, recording growth of
44.65%.
Comparison of quarter ended
30.09.2007 with quarter ended 30.09.2006.
Ø
Net Profit
for the quarter ended 30.09.2007 is
Rs.105.25 crore as against Rs.102.33 crore
for the quarter ended 30.09.2006.
Ø
Operating Profit
for the quarter ended 30.09.2007 is
Rs.144.55 crore as against Rs.159.84
crore.
Ø
Interest Income from advances increased from Rs.674.20 crore to
Rs.964.41 crore, recording growth of
43.04%.
Asset Quality
:
Ø
Gross Non-Performing Assets
is
Rs. 543.28 crore as against Rs.564.31
crore as on 31.03.2007
. Gross NPA ratio is
2.03% as against 2.29% as on 31.03.2007 &
2.60% as on 30.09.2006.
Ø
Net Non-Performing Assets
is
Rs. 115.60 crore as against Rs.143.96
crore as on 31.03.2007
. Net NPA ratio is
0.44% as against 0.59% as on 31.03.2007 and
0.57% as on 30.09.2006.
Ø
NPA Provision Coverage Ratio
is
78.72%.
Ø
Total Cash Recovery
for the period ended 30.09.2007 is
Rs.136.92 crore as against Rs.117.41 crore
for the period ended 30.09.2006.
KEY RATIOS
:
Ø
Return on Average Assets
(annualised) is
0.97% for the period ended
30.09.2007.
Ø
Return on Net Worth is
22.36% as against 20.82% for the period ended
30.09.2006.
Ø
Capital Adequacy Ratio
stood at 11.28% and is above the RBI stipulated
norm of 9%.
Ø
Average business per employee
gone up from Rs.4.18 crore as on 30.09.2006 to
Rs.
5.84 crore as on 30.09.2007.
Ø
Earning per Share
(annualised) gone up from Rs.8.08 as on
30.09.2006 to
Rs.10.00 as on 30.09.2007.
Ø
Book Value per share
gone up from Rs.41.04 as on 30.09.2006 to
Rs.47.10 as on 30.09.2007.
Ø
Establishment Cost to gross Income
down from 12.74% as on 30.09.2006 to 9.24%
as on 30.09.2007.
Ø
Net Interest Margin [NIM]
stood at 2.61%.
Ø
Low Cost Deposit ratio
stood at 31.12%.
COMMITMENT TO SOCIETY
:
Ø
Priority Sector Credit is
Rs.10319 crore as against Rs.8427 crore as on
30.09.2006, recording a growth of
22%.
Priority Sector Credit as percentage to
Adjusted Net Bank Credit stood at
42%, above the standard norm of
40%.
Ø
Agricultural Credit increased from Rs.2598
crore to
Rs.3017 crore, recording growth of
16%.
Ø
Advances to Micro, Small & Medium Enterprises
(MSME) doubled from Rs.1466 crore to
Rs.2960 crore. MSME credit constitutes 12% of Adjusted Net Bank
Credit.
Ø
Advances to Weaker Sections increased from
Rs. 1084 crore
to Rs.1367 crore, recording growth of 26%.
new
business initiatives & plans for financial year 2007-08:
Ø
Corporate goal for 2007-08 is “Improving Profitability through Core Business”.
Ø
To reach total business of Rs.76,000 Crore
comprising of total deposits of Rs.45,000 crore and advances of Rs.31,000 Crore.
Ø
To reach 1050 branches network by March
2008.
Ø
Bank has become the member of National Financial
Switch Group, thereby enabling the customers to access over 14000 ATMs of 26 participating
Banks.
Ø
To increase networked ATMs from 171 to a
minimum of 375 as on 31.03.2008.
Ø
To increase number of CBS business outlets from
571 to 675 and the business coverage from 85% to 90%.
Ø
REAL TIME GROSS SETTLEMENT (RTGS) facility and
NATIONAL ELECTRONIC FUNDS TRANSFER (NEFT) facility has been provided through all CBS
branches.
Ø
To achieve growth of 76% for the year under
Education Loan portfolio from Rs.209 crore to Rs.367 crore.
Ø
To boost credit offtake to specific sectors
like Agriculture/ SSI/ MSME/ Women/ Weaker Sections etc.
Ø
Human Resource Management System is under
implementation.
Ø
To focus on core deposits and to improve
deposits under Current and Savings Accounts (CASA).
Ø
To arrest the growth in NPAs and achieve
accelerated performance under recovery of NPAs through aggressive recovery campaigns such as,
Vijaya Adalats and Settlement Camps with greater HO participation.
Ø
To increase the client base.
Ø
To focus on improving fee based income and
aggressively promote fee-based non-fund based business like LCs, Bank Guarantees etc.
Ø
To ensure compliance with BASEL II capital
adequacy requirements by Sept 2008, ahead of the prescribed schedule of March 2009.
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