The total income during the quarter increased to Rs 3,189.85 crore from Rs 2,698.82 crore in the year-ago period.
Total business for the period ended June 30th, 2014 registered a growth of 12.94% and increased to Rs.195768 cr from Rs.173333 cr as of 30th June, 2013.
Highlights of the Q1 results
- Deposits increased from Rs.105368 cr as on 30th June, 2013 to Rs.118677 cr as on 30th June, 2014, up by 12.63%.
- Advances increased to Rs.77091 cr as on 30th June, 2014 from Rs.67964 cr as on 30th June, 2013, up by 13.43%.
- Priority Sector portfolio increased by 32.38% ie., from Rs.19005 cr as of 30.06.2013 to Rs.25158 cr as of 30.06.2014
- MSME advances increased to Rs.12243 cr registering a growth of 16.27%.
- Retail advances increased to Rs.15945 cr as of 30.06.2014 from Rs.13499 cr as of 30.06.2013, up by 18.12%.
- Advances to Weaker Section increased by 28.73% and Advances to Women beneficiaries increased by 15.34%.
Bank’s Gross NPA ratio as on June 30, 2014 is 2.68%. - Net NPA ratio of the Bank as on June 30, 2014 is 1.77%.
- Provision coverage ratio of the Bank is at 63.75% as on 30.06.2014.
- Capital to risk weighted assets ratio is at 10.46 %( Basel III) with
Tier I ratio at 8.14% and Tier II ratio at 2.32%. - CRAR of the bank is above the minimum stipulated level of 9%.
- The Bank is in the process of raising equity capital to the tune of Rs.600 cr through ‘Qualified Institutional Placement’ route for augmenting the Tier I capital.
