INDIAN OVERSEAS BANK

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BANKING

INDIAN OVERSEAS BANK ‘S PERFORMANCE HIGHLIGHTS FOR THE HALF YEAR ENDED 30.09.2012


Oct 29, 2012

1. TOTAL BUSINESS: Total business grew from ` 2,90,744 crore as on 30.09.2011 to ` 3,42,508 crore as on 30.09.2012 recording a year on year growth of  17.80 %.
2.  DEPOSITS: Total deposits grew from ` 1,63,579 crore as on 30.09.2011 to ` 1,89,115crore as on 30.09.2012 recording a year on year growth of   15.61%.
3. ADVANCES: Total gross advances increased from ` 1,27,166 crore as on 30.09.2011 to` 1,53,393 crore as on 30.09.2012 registering a year on year growth of 20.62%.
4. OPERATING PROFIT: Operating Profit for H1 (2012-13) stood at ` 1,653.81 crore as against ` 1,709.43 crore for the corresponding period of the previous year (2011-12) representing a marginal decline.
Operating Profit for Q2 (2012-13) stood at ` 807.03 crore as agains `  906.83  crore for the corresponding quarter of the previous year (2011-12).
5.  NET PROFIT: Net Profit for H1 (2012-13) stood at  ` 391.86 crore as against ` 413.04 crore  for  the corresponding period H1 (2011-12) of previous year.
Net Profit for Q2 (2012-13) stood at ` 158.43 crore as against ` 207.46 crore for the corresponding quarter of the previous year (2011-12).
The reduction in Operating Profit and Net Profit is mainly due to interest reversal on restructured accounts / slippage accounts and additional provisions  requirements thereon.
6. TOTAL INCOME: Total income of Q2 (2012-13) increased to   `  5,515.02 crore from `4,822.56 crore for the corresponding quarter of the previous year (2011-12) registering a growth of  14.36%.
7. INTEREST INCOME: Interest income of Q2 (2012-13) increased to     ` 5,104.01 crore from ` 4,395.39 crore for the corresponding quarter of the previous year (2011-12) registering a growth of 16.12%.
8. NON INTEREST INCOME: Non interest income of Q2 (2012-13) stood a ` 411.01 crore as against ` 427.17 crore for the corresponding quarter of the previous year (2011-12 ).
9. INTEREST EXPENSES: Interest Expenses for the quarter ended 30.09.2012  stood at ` 3,857.82 crore as against `  3,129 crore for the corresponding quarter of the previous year (2011-12) registering an  increase  of  23.29%.
10. NET INTEREST INCOME: Net interest income stood at ` 1,246.19  crore for Q2 of 2012-13 as against ` 1,266.39  crore for the corresponding quarter of  previous year (2011-12 ).
11. CAPITAL ADEQUACY RATIO (CRAR):
Basel IBasel II
Tier I
6.96%
7.63%
Tier II
4.06%
4.44%
Total11.02%12.07%
Total Capital funds of the Bank stands at ` 17,137.83 crore as on 30.09.2012 as against  `  15,144.07 crore as on 30.09.2011.
12. BUSINESS PER EMPLOYEE: As on 30th September 2012, business per employee has improved to ` 12.45 crore as against ` 11.58 crore as at  30th September 2011.
13. CREDIT DEPOSIT RATIO:  CD ratio is increased to 81.11% as on 30.09.2012 from   77.74% as on 30.09.2011.
14. CASA RATIO: CASA ratio stood at  25.00% as on 30.09.2012 as against  27.46% as on 30.09.2011. 
15. BOOK VALUE PER SHARE: Book value per share stood at  ` 125.79  as on 30.09.2012 as against ` 123.71 crore as on 30.09.2011.
16. EARNINGS PER SHARE: EPS for the quarter ended 30th September 2012 stood at ` 7.95 as against ` 13.41  for the corresponding quarter of the previous year (2011-12).
17. NPA Management: Gross  NPA  as  on  30th September  2012  stood at  ` 5,930crore as against ` 3,898 crore as on 30th September 2011 with  Gross NPA ratio of 3.87% and 3.07% respectively.
Net NPA as at 30.09.2012 stood at ` 3,378 crore as against `  1,505   crore as on 30.9.2011 with  Net NPA ratio of 2.25% and 1.21% respectively.
We give below the  sector wise break up of Gross NPA (Domestic – Rs. 5301 crore) as on 30.09.2012.
CategoryNPA  (Rs in Crore)% to total Domestic NPA
Agriculture743.3814.02
Industry2267.4342.78
Services1264.0723.85
Personal272.135.13
Others753.6114.22
Total  – Domestic  NPA5300.62100.00
Overseas NPA629.00
Grand Total5929.62
18. PROVISION COVERAGE RATIO: Provision Coverage Ratio (PCR) stood at 58.53 % as on 30.09.2012 as against 71.77% as on 30.09.2011.
19. Net Interest Margin (NIM): Net Interest Margin stood at  2.46%  as on 30.09.2012.

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