Bankable development

Highlights of Q4, FY-2012-13 (three months)

• Net Profit of the Bank stood at Rs126.15 crore for the quarter ended March, 2013.
• The Bank registered Operating Profit of Rs767.28 crore for the quarter ended March, 2013.
• Total Other Income during the quarter ended March, 2013 increased to Rs525 crore  as against Rs355 crore in the corresponding quarter last year, thereby registering a YoY growth of 48 per cent.
• Net Interest Margin (NIM) stood at 2.30 per cnet for Q4, FY 2012 -13.
• Yield on Advances stood at 10.45 per cent for Q4.
• Cost of Deposits decreased to 7.29 per cent for quarter ended March, 2013 as against 7.34 per cent in the corresponding period last year.
• Cost of Funds decreased to 7.04 per cent for quarter ended March, 2013 as against 7.23 per cent last year.     

Highlights of 12 Months period ending March 31, 2013

• Operating Profit of the Bank stood at Rs3385 crore during FY 2012-13.
• Net Profit is Rs1185 crore during the Financial Year ending March 31, 2013.      
• Net Interest Income during the Financial Year ending March, 2013 is Rs4866 crore. 
• Total Other Income during the Financial Year ending March, 2013 increased to Rs1477 crore as against Rs1299 crore last year registering a YoY growth of 13.70 per cnet.
• Net Interest Margin (NIM) stood at 2.81 per cent during the Financial Year ending March, 2013.
• Total Business of the Bank increased to Rs3,09,678 crore as on 31st March, 2013 as against Rs2,71,843 crore as on 31st March 2012 showing a YOY growth of 13.92 per cent.
• Deposits of the Bank went up to Rs1,78,742 crore as on March 31 from Rs1,59,593 crore as on March 31.

Year-on-Year basis, Total Deposits grew by 12 per cent.

• Gross Credit surged to Rs1,30,936 crore as on March 31, 2013 from Rs1,12,250 crore as on March 31, 2012.

Year-on-Year basis, the Gross Credit increased by 16.65 per cent.

• Credit Deposit Ratio stood at 73 per cent as on March 31, 2013.
• Cost of Deposits stood at 7.51 per cent.
• Cost of Funds stood at 7.31 per cent.
• Yield on Funds stood at 10.08 per cent.
• Gross NPA to Gross Advances stood at 3.92 per cent as in March, 2013.
• Net NPA to Net Advances stood at 3.19 per cent as at March, 2013.
• Provision Coverage Ratio stands at 50 per cent.

New Initiatives

• Bank has introduced a three-in-one account facility to the customers wherein with a Savings/Current account, Demat Account is provided by the bank and online trading services is provided by Aditya Birla Money limited.
• Bank opened 200 Branches during the last financial year, of which 72 are rural, 60 semi-urban, 34 urban and 34 are metropolitan branches taking the total number of branches to 2716 (excluding one overseas branch at Hong Kong); 52 branches have been opened during the quarter ending March, 2013.
• Fifty-seven branches have been opened under Financial Inclusion Plan during the year 2012-13.
• DBT (Direct Benefit Transfer) has been successfully implemented in the specified areas.
• Bank has signed MOU with CARE, ICRA, CRISIl, SMERA, ONICRA & BRICK WORK for Credit Rating of Micro & Small Enterprises.
• Bank has entered into a Tie-up arrangement with M/s International Tractors ltd (ITl), manufacturers of Sonalika brand of Tractors for channel financing to tractor dealers.

The bank has launched the following schemes during 2012-13 under Priority Sector Credit:

a.Advances to farmers against warehouse receipt

b.Scheme for financing farmers for purchase of land for agricultural purposes

c.Scheme for construction of godown under tie-up arrangement with FCI/other Government organisations has been made more competitive by providing competitive pricing and liberalised terms

d.Model Scheme on Solar Photovoltaic Pumping System

e.Scheme for Financing Self Help Groups (SHG) in Cash Credit mode

• The bank has introduced All Bank Fleet Finance Scheme for financing commercial vehicles to transport operators wherein loan amount above two crore can be sanctioned at an attractive rate of interest.