PERFORMANCE HIGHLIGHTS:
PBT at Rs 571 crs up by 88% for 9 months ended Dec.2012 y-o-y, o/a:
a) Increase in operating Profit due to
i) improved NII
ii) better Treasury profits
&
b) decrease in provisions on NPAs
PAT growth 40 % at Rs 155 crs in Q3 FY13 vis-à-vis Rs 111 crs y-o-y.
NIM at 3.27% is an improvement of 11 bps over March 2012 level of 3.16%.
EPS at Rs.96.84 (annualised) is up by 34% y-o-y over Rs.72.08
Improvement in market share both in deposits and advances in current year.
CASA share improved y-o-y to 31.40% (150 bps increased). Deposits growth 13% y-o-y.
Advances registered a growth of 16% y-o-y.
Agriculture advances y-o-y growth of 17% and MSME of 13%.
Gross NPA declined to 3.99% from 4.67% in Q1-FY13.
Provision Coverage Ratio improved to 67.02% from 65.20% in March 2012.
Profit per employee increased by 21%.
As the state of Karnataka was reeling under drought for the third consecutive year, the Bank has restructured 63,800 accounts amounting to Rs.707 crs in agriculture.
Revised KCC scheme implemented and 37,483 KCC cards issued with an amount of Rs.1,320 crs.
NEW PRODUCTS LAUNCHED DURING THE PERIOD UPTO DEC.2012
a) ‘Centenary Liquid Deposit’ scheme with no prepayment penalty feature
b) SB linked with accident insurance coverage of Rs.4 lacs for a nominal- premium of Rs.100/- per annum.
c) Competitive Deposit and loan interest rates – P / MSME / Education loans.
d) 37% of transactions shifted to alternate delivery channels.
e) Issuance of SME credit cards.
f) Cash Deposit Machines installed in important branches.
REDUCTION IN INTEREST RATES/CHARGES
1. Interest rates on personal and MSME advances rationalized to make the rates competitive. The reduction ranges from 0.75% to 2.75% across various ratings / limit quantum.
2. Processing charges reduced uniformly to 0.20% in P segment loans (Housing, Car, Education and Gold Loans).
FINANCIAL INCLUSION
I. Bank has implemented meaningful financial inclusion in letter and spirit
II. Banking facilities extended to all the 260 villages allotted (with about 2,000 population):Covered by BC / USB and Brick and Mortar branches before March 2012.
III. In respect of 143 villages, with a population range of 1600 to 2000: 82 villages covered by BC/USB .
IV. Opened 5,40,325 “no frill” accounts and issued SMART cards in more than 2,50,000 accounts.
V. Actively involved in Direct Cash transfer to beneficiary accounts in the Bank’s Lead Districts TUMKUR and MYSORE.
CORPORATE SOCIAL RESPONSIBILITY (CSR)
1. Water purifiers (1500 +) installed by our branches in schools - outlay over Rs 1 cr
2. Sir M. Visvesvaraya Training Centre for Rural Artisans, Doddaballapur- Rs 1 cr.
3. NIMHANS – Electric operated vehicles(2) – Rs 10 lacs
