• The Net Interest Margin continues to be healthy at 3.05%.
• Capital to Risk-adjusted Ratio (CRAR) of the Bank stood at 10.96% (under Basel III), as against a minimum of 9% stipulated by RBI.
• The Aggregate Deposits of the Bank at Rs.57,392 crores showed an increase of over Rs.7,000 crores over Sep’12 (13%).
(y-o-y) incr.
|
Rs. in crs.
|
%Incr.
|
No. of A/cs
|
%Incr.
|
Share of SB A/c
|
1,732
|
12%
|
11.14 lacs
|
22%
|
Share of Current A/c
|
432
|
19%
|
0.22 lacs
|
18%
|
• Bank has shed its bulk deposit during the half year, reducing it from 26% to 20%.
• CASA deposits have grown from 32.4% to 33.6%.
• Total Advances rose by Rs.5,038 crores (12%) over Sep’12 to reach Rs.46,200 crores.
• Strong Retail focus (y-o-y growth) - Home Loan -17%, Auto 27% and Agri 16%.
• Gross Non-Performing assets rose to Rs 2,753 crores (LY Rs. 1,780 crores), due to fresh slippages mainly in the Corporate segment. Gross NPA Ratio 5.96% and Net NPA Ratio at 3.69% PCR currently stands at 57%.
There was a y-o-y reduction in Net Profit by 56% (Rs. 82 crores) consequent to muted growth in interest income due to higher provisioning on account of NPAs and Re-structured assets and decline in Treasury income. However, the growth in NPA levels in Q2FY14 (Rs. 270 crores) has decelerated and is below the growth in NPA levels in Q1FY14 growth (Rs. 392 crores).
The Bank has set up over 1,000 POS Machines, Cash Dispensing Machines besides, Multi Functional Kiosks, SSKs, Green Channel Counters, ATMs in Large numbers and has been successful in migrating 32% of transactions through Alternate Delivery Channels.
During the HY the Bank has opened 122 branches, which included its 800th and 900th Branches, NRI Branches at Bangalore and Mangalore and an all Women’ Branch at Bangalore. The Bank has recently celebrated commemoration of Centenary Year by dedicating 101 branches at the hand of the Union Finance Minister.
