Performance Highlights for the Q1FY’12
• Total Business of the Bank reached Rs.5,67,005 crore in June 2011 as against Rs. 4,52,205 crore in June 2010, showing a y-o-y growth of 25.4%.
• Deposits of the Bank rose to Rs.3,24,097 crore as on 30.06.2011 from Rs 2,55,335 crore as on 30.06.2010, exhibiting a y-o-y growth of 26.9%.
• CASA deposits increased to Rs.1,21,260 crore in June’11 from Rs. 1,04,385 crore in June’10, recording a growth of 16.2%.
o CASA share stood at 38.1% at Quarter ended June’11.
o Saving deposits increased by 15.9% to Rs. 94,875 crore while Current deposits rose by 17.1% to Rs. 26,384 crore.
• Advances of the Bank at Rs.2,42,908 crore at the end of June’11 grew by 23.4% as against Rs.1, 96,870 crore at the end of June’10.
• Credit Deposit Ratio stood at 74.95% as at June’11.
• Net Profit of the Bank for the quarter ended June 2011 amounted to Rs.1105 crore as against Rs.1068 crore last year; a growth of 3.4%.
o Core Net Profit (excluding treasury operations) in Q1 FY’12 amounted to Rs. 1191 crore grew by 23.9%.
• Operating Profit for Q1 FY’12 increased to Rs. 2474 crore from Rs.2098 crore in Q1 FY’11, registering a YoY growth of 17.9%.
o Core Operating Profit (excluding treasury profit) in Q1 FY’12 grew by 22.7% to reach Rs.2426 crore.
• PS Advances grew by 18.17% to Rs.76,164 crore.
• Credit to agriculture grew by 12.94% to Rs.34,153 crore.
• Bank’s credit to Micro, Small & Medium Enterprises rose to Rs.46,714 crore as at end of June’11 from Rs.37,018 crore last year, recording a growth of 26.19%.
• Retail credit of the Bank marked a y-o-y increase of 24.3% to cross Rs.24,154 crore at the end of June’11. Good y-o-y growth was recorded in Reverse Mortgage scheme (38.59%), Pensioners loan portfolio (33.41%), Car/Vehicle loan (34.42%) and Education loan (23.34%).
• Bank has installed 5375 ATMs and has 141 lakh card holders. Bank has around 14 lac internet banking users and 32 lac customers are availing SMS facility.
• Under the aegis of PNB Prerna, computers, Books, Clothes and other utility stuff were given as assistance to NGO and other havenots.
• Bank has accepted the offer of MetLife India Ltd to acquire a 30% stake in the Life Insurance Co. subject to regulatory approval.
• Bank has successfully kicked off a saving fund campaign from 1st August, 2011 to 30th September, 2011 where pan India participation of all the members of PNB parivar was seen. The cash backed incentives were announced for the employees who actively participated in the campaign. Bank has opened 20.60 lac SF accounts with an amount of Rs 2499 crore as on 30th September, 2011. Out of this 8.26 lac accounts with Rs 2439 crore are the qualified accounts.
• Bank has also been awarded Best Bank Award by Business India for the Year 2011 after the rigorous selection procedure by the eminent panelist chaired by Mr MD Mallya, CMD, BOB while the award was received from the hands of Dr C Rangarajan, Chairman, Prime Minister’s Economic Advisory Council at Mumbai. Business India, the coveted corporate world magazine has dedicated October issue featuring the PNB as the winner of the “Best Bank of the Year 2011” award and addressed Mr K R Kamath as a “Change Agent”. Prior to this the Bank has also bagged the “Overall Most Productive Bank” Award 2011 in public sector Bank category, instituted by FICCI and IBA.
Financial Inclusion
• Bank has opened 75.22 lakh “No Frill”/PNB Mitra accounts out of which 41.57 lac are ICT based accounts.
• Under FI plan, Bank has covered 2186 villages through ICT Based BC model.
• In 58 Financial Literacy and Credit Counseling Centers (FLCCs), around 1.50 lakh people made enquires and 1.03 lakh attended seminar.
• 30 PNBRSETI’s and 9 Farmers’ Training Centres imparted free of cost training to 30,373 and 3.41 lakh persons respectively.
PNB’s Forays in Karnataka
PNB’s Network
• Karnataka state has 29 Districts and PNB has spread all over Karnataka having a Circle office at Bangalore with 62 Branches.
• Out of 62 branches in Karnataka State, 9 branches are in rural, 5 branches are in semi-urban and 20 branches are in urban areas. To expand this foot print, it is proposed to open 14 number of branches in the next 1-2 years.
• To provide “Any Where Any Time” Banking service, the bank has 67 ATMs in Karnataka state, besides providing free Internet Banking.
PNB’s Business
• Total Business of the PNB in the State crossed Rs 14,000 crore registering a y-o-y growth of around 21% as at 7th October 2011.
o Deposits of PNB crossed Rs.5900 crore, registering a y-o-y growth of around 54.60%.
o Saving Fund Campaign: Karnataka has opened 29157 SF a/cs with an amount of Rs.21 crore as on 30th September, 2011. Out of this 10794 a/cs with Rs.20 crore are the qualified accounts.
o Advances of PNB reached around Rs. 8100 crore, registering a y-o-y growth of more than 7 %.
The retail portfolio of the Circle has focused on “Education loans which rose by 26% during the period under review.
• To further boost customer base and retail deposits, the bank has started a special Saving Deposit accounts campaign from 01.08.2011 to 30.09.2011.
• Bank has launched a Special Car loan campaign under Monsoon Dhamaka from 01.08.2011 till 31st Dec 2011 to give a fillip to Car loan business.
• Bank has also launched a Special campaign for Credit Card & Mutual Fund Business to leverage its presence in metro areas.
Financial Inclusion:
• Karnataka state, our Bank has more than 20000 Saving Fund credit linkage under Financial Inclusion as at 30.09.11.
• Plan 20 Villages have been allotted to our Bank in Karnataka
HIGHLIGHTS OF THE EVENT
In order to encash the brand image of PNB and to create good visibility of PNB in Karnataka, we propose to introduce Urban Financial Inclusion, which will facilitate us to have a Technology Service Provider and a Business Correspondent, facilitating us to mobilize atleast 5,000 additional accounts among the Urban population. This will create visibility and provide an opportunity for us to explore core business from other segment of the Urban Society.
We are now launching Urban Financial Inclusion at Mangalore, a port city, which has a large number of migrant labourers from the northern belt of the country. Although Mangalore has a large number of bank branches with Corporate Offices of a few banks, most of them are brick and mortar branches, which dissuades financially excluded persons to open an account with them.
In the above backdrop, we are launching urban financial inclusion in the State of Karnataka at Mangalore on 17th October, 2011 with the following plan of action for implementation:
• Mysore live operation will be commenced by end of October, 2011.
• Mangalore operations will be commenced within one month thereafter.
• Other Urban centres of Karnataka like Hassan, Belgaum and Bijapur will be considered for implementation by the end of this quarter, i.e. December, 2011.
