|
Particulars
|
30.06.2007
|
30.06.2006
|
Growth (%)
|
|
Net Profit
|
111.35
|
72.63
|
53.31
|
|
Total Business
|
64,477
|
46,800
|
37.77
|
|
Deposits
|
39,742
|
28,884
|
37.59
|
|
Advances
|
24,735
|
17,916
|
38.06
|
|
Interest on Loans & Advances
|
610.40
|
378.36
|
61.33
|
|
Earning Per Share
[Annualised]
[Rs]
|
10.28
|
6.72
|
|
|
Average Business Per Employee
|
5.65
|
4.00
|
|
|
Net NPA ratio
[Percentage]
|
0.49
|
0.85
|
|
|
Gross NPA ratio
[Percentage]
|
2.22
|
2.96
|
|
|
Return on Assets
[Percentage]
|
1.03
|
0.92
|
|
|
Return on Net worth
[Percentage]
|
23.61
|
17.92
|
|
|
|
BUSINESS:
-
Total Business increased by 37.77% from Rs.46800 crore to Rs.64477 crore.
-
Total Deposits increased by 37.59% from Rs.28884 crore to Rs.39742 crore.
-
Gross Advances increased by 38.06% from Rs.17916 crore to 24735 crore.
|
|
PROFITABILITY
:
-
Net Profit for the quarter ended 30.06.2007 is
Rs.111.35 crore as against Rs.72.63 crore for the quarter ended 30.06.2006,
recording an impressive growth of
53.31%.
-
Operating Profit for the quarter ended 30.06.2007 is
Rs.171.27 crore and Core Operating Profit grown by
9.16%.
-
Interest Income from advances increased from Rs.378.36 crore to
Rs.610.40 crore, recording growth of
61.33%.
|
|
KEY RATIOS
:
-
Net Interest Margin is
3.11 %,which compares well with the industry benchmark.
-
Capital Adequacy Ratio stood at 11.21% and is above the RBI stipulated norm of
9%.
-
Return on Average Assets (annualised) is 1.03
% as against 0.92% for the quarter ended 30.06.2006.
-
Return on Net Worth is 23.61% as against 17.92% for the quarter ended
30.06.2006.
-
Average business per employee gone up from Rs.3.99 crore to Rs.
5.65 crore.
-
Earning per Share (annualised) gone up from Rs.6.72 to
Rs.10.28.
-
Book Value per share gone up from Rs.38.29 to
Rs.44.72.
-
Establishment Cost to gross Income down from 12.68% to 9.67%.
|
|
Asset Quality
:
-
Gross Non-Performing Assets is
Rs. 548.07 crore as against Rs.564.31 crore as on 31.03.2007
.
Gross NPA ratio is
2.22% as against 2.29% as on 31.03.2007 & 2.96% as on 30.06.2006.
-
Net Non-Performing Assets is
Rs. 119.47 crore as against Rs.143.96 crore as on 31.03.2007
.
Net NPA ratio is
0.49% as against 0.59% as on 31.03.2007 and 0.85% as on 30.06.2006.
-
NPA Provision Coverage Ratio improves to
78.20% from 71.97% as on 30.06.2006.
-
Total Cash Recovery for the quarter ended 30.06.2007is
Rs.73.21 crore as against Rs.50.56 crore for the quarter ended 30.06.2006.
|
|
COMMITMENT TO SOCIETY
:
-
Priority Sector Credit is
Rs.10431 crore as against Rs. Rs.7676 crore as on 30.06.2006, recording a growth of
36 % .
Priority Sector Credit as percentage to Adjusted Net Bank Credit stood at
42.33%.
-
Agricultural Credit increased fromRs.2469 crore to
Rs.3122 crore, recording growth of 26
%.
-
Advances to SMEs increased from Rs.1460 crore to
Rs.2390 crore, recording growth of 64%. SME credit constitutes 9.70% of
Adjusted Net Bank Credit.
-
Advances to Weaker Sections increased from Rs.1088 crore
to Rs.1255 crore, recording growth of 15%.
|
|
Plans for Financial Year 2007- 08:
-
Corporate goal for 2007-08 is “Improving Profitability through Core Business”.
-
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.
-
To reach 1050 branches network by March 2008.
-
To open full fledged branches at Dubai and Hong Kong during current financial
year.
-
To increase number of CBS business outlets from 492 to 675 and the business coverage
from 80% to 90%.
-
To increase networked ATMs from 171 to a minimum of 375 and also to share the ATM
networks of other banks.
-
REAL TIME GROSS SETTLEMENT (RTGS) facility and NATIONAL ELECTRONIC FUNDS TRANSFER
(NEFT) facility has been provided through all CBS branches.
-
To achieve growth of 76% for the year under Education Loan portfolio from Rs.209
crore to Rs.367 crore.
-
To boost credit offtake to specific sectors like Agriculture/ SSI/ SME/ Women/
Weaker Sections etc in order to ensure compliance with the growth norms.
-
To focus on core deposits and to improve deposits under Current and Savings Accounts
(CASA), by opening atleast 1 million CASA accounts before 31.08.2007.
-
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.
-
To increase the client base and focus on attractive business propositions.
-
To focus on improving fee based income and aggressively promote fee-based non-fund
based business like LCs and Bank Guarantees/ DPGs etc.
-
To ensure compliance with BASEL II capital adequacy requirements by Sept 2008, ahead
of the prescribed schedule of March 2009.
|
