CENTRAL BANK OF INDIA

BANKING

CENTRAL BANK OF INDIA – RESULTS FOR THE SECOND QUARTER ENDED 30th SEPTEMBER,  2012 / Major Highlights –Q2 /FY13

Nov 6, 2012

by Prashant Kapadia

·         Total Income has registered a growth of 10.45%, from Rs. 5234 crore to 

Rs. 5781 crore on y-o-y basis.

·         Total Interest Income registered a growth of 8.51% from Rs. 4910 crore to Rs. 5328 crore on y-o-y basis.

·         Net Interest Income of the Bank registered a growth of 1.29% from Rs. 1397 crore to       Rs. 1415 crore on y-o-y basis.

·         Non Interest Income of the Bank registered a growth of 8.95% from Rs. 324 crore to                Rs. 353 crore on y-o-y basis.

·         Operating Profit of the Bank stood at Rs. 816 crore as on Sep 30, 2012 as compared to      Rs. 796 crore as on Sep 30, 2011 on y-o-y basis.

·         Bank recorded Net Profit of Rs. 330 crore as on Sep 30, 2012 as compared to Rs. 244 crore as on Sep 30, 2011, registering y-o-y growth of 35.25%.

·         Average Business per Employee increased to Rs. 956 lakh in Sep 2012 from Rs. 862 lakh in Sep 2011.

·         Gross NPA to Gross Advances increased to 5.54 % from 4.87% of previous quarter.

·         Net NPA to Net Advances increased to 3.80 % from 3.22 % of previous quarter.

·         BUSINESS HIGHLIGHTS

·         Total Business of the Bank increased to Rs. 357139 crore as at Sep 2012 compared to Rs.318754 crore as at Sep 2011, registering y-o-y growth of 12.04%.

·         Total Deposits grew by 8.10 % on Y-o-Y to Rs.203538 crore from Rs. 188286 crore  in Sep-11 whereas Core Deposits grew by 18.49% Y-o-Y.

·         CASA percentage improved to 33.00% in Sep 2012 as against 32.82 % in Sep 2011.

·         Gross Advances of the Bank grew by Rs. 23133 crore i.e. to Rs. 153601 crore in Sep 2012 from Rs. 130468 crore in Sep 2011, registering a Y-o-Y growth of 17.73%.

·         Agriculture Advances increased by 23.72% to Rs. 18677 crore in Sep, 2012 from Rs. 15096 crore in Sep, 2011.

·         MSE Advances registered y-o-y growth of 20.27% to Rs. 14692 crore in Sep, 2012 from  Rs.12216 crore of corresponding quarter.

·         Retail Loans showed substantial growth of 34.13% on y-o-y basis to Rs. 18964 crore from      Rs. 14138 crore.

·         Housing Loan portfolio of the Bank stands at Rs. 6695 crore consisting of 35.30% of the total Retail Portfolio.

·         Education Loan portfolio of the Bank registered y-o-y growth of 25.22% to Rs. 2473 crore in Sep, 2012 from Rs.1975 crore of corresponding quarter.

·         Bank Stood first among all channel partners of Life insurance corporation of India and collected Rs.100 crore LIC premium during half year.

·          The Credit Deposit Ratio has moved from 69.29% to 75.46% on y-o-y basis.

AWARDS /RECOGNITION

Ø   Bank has been awarded with the “Best Bankers’ Award-2012” by The Sunday Standard (The New Indian Express Group).

 Bank has been awarded with prestigious GOLD award (highest independent honour in India) for “INNOVATIVE URBAN FINANCIAL INCLUSION IMPLEMENTATION MODEL” in the 30th SKOCH SUMMIT organized at New Delhi.

Ø   Bank has been awarded with prestigious ‘GOLDEN PEACOCK HR EXCELLENCE AWARD’ for the year 2012 instituted by Institute of Directors. This award has been bestowed on the Bank for achieving overall effectiveness in its HR and People Management practices, thereby contributing to the needs of the businesses, profession, employees, Industry and the Nation.

NEW INITIATIVES

Ø  Appointed Chief Customer Service Officer exclusively for redressal of customer complaints.

Ø  Started service called Missed Call Alerts for its CASA customers, whereby customers can get detail of balance and last three transactions free of cost.

Ø  The Customer Grievances Redressal Mechanism has been made fully online for quick disposal of grievances.

Ø  Arranging Recovery Camps all across for OTS/Upgradation.

Ø  Recovery through outside Recovery Agents/ Enforcement Agents.

Ø  Extensive use of SARFESI Act for maximum recovery in cases where securities are available.

Ø  Web Portal has been established for monitoring DRT cases.

Ø  Launched Festival Bonanza for various retail products.

Ø  Introduced new retail loan product “CENT COMBO”.

Ø  Introduced new variant of Saving Account -“CENT PREMIUM”.

Ø  An automated loan appraisal and monitoring software called CLASS for speedy disposal of retail, corporate and agriculture loans has been made operational.

Ø  Introduction of new Recurring Deposit schemes-CENT LAKHPATI RDS and CENT SWA SHAKTI FLEXI RDS.

Ø  Launched new variants of Debit and Credit cards with special features

Ø  Opened 1131 ULTRA SMALL BRANCHES,62 Full fledged Branches and upgraded 9 extension counters to full fledged Branches on 131st Birth Anniversary of our founder Sir Sorabji Pochkhanawala .

Ø  Biometric smart Card Based FI implemented in 373 districts.

Ø  Cent prosperity – special scheme for minorities with CGTMSE coverage and concessional rate of Interest.

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