CENTRAL BANK OF INDIA
BANKING
CENTRAL BANK OF INDIA
Excellent Growth for FY ended March 2013
PERFORMANCE HIGHLIGHTS
Total Income has registered a growth of 14.52%, from Rs. 20,545 crore to Rs. 23,528 crore on y-o-y basis.
Total Interest Income registered a growth of 14.16% from Rs.19150 crore to Rs. 21861 crore on y-o-y basis.
Net Interest Income of the Bank registered a growth of 11.01% from Rs.5169 crore to Rs.5738 crore on y-o-y basis
Non Interest Income of the Bank has increased by 19.50% from Rs.1395 crore to Rs.1667 crore.
Operating Profit of the Bank stood at Rs.3173 crore as on March 2013 as compared to Rs. 2815 crore as on March 2012.
Bank recorded Net Profit of Rs.1015 crore as on March 31, 2013, as compared to Rs.533 crore as on March 31, 2012, registering y-o-y impressive growth of 90.43%.
Average Business per Employee increased to Rs.973 lacs in March 2013 from Rs.862 lacs in March 2012 on Y-o-Y Basis.
Gross NPA to Gross Advances has decreased to 4.80% as on 31st March 2013 from 4.83% of previous year as on 31st March 2012. Net NPA to Net Advances decreased by 0.02% to 2.90 % as on 31st March 2013 from 3.10 % of previous year.
Recovery in written off a/c at Rs.282 crores showing robust growth of 89.26%.
BUSINESS HIGHLIGHTS
Total Business of the Bank increased to Rs.4,02,272 crore as on 31st March 2013 compared to Rs.3,46,898 crore as at March 2012, registering y-o-y growth of 15.96%.
Total Deposits grew by 15.22 % on Y-o-Y to Rs.2,26,038 crore from Rs. 1,96,173 crore in March 201
Total Core deposit of the Bank grew by 27.84% on Y-o-Y Basis to Rs.1,70,953crores as of March, 2013 from Rs.1,33,726crores as of March 2012.
CASA Deposits increased to Rs.73,581 crore as of March 2013 compared to Rs.65,275 crore as of March 2012, registering Y-o-Y growth of 12.72%.
Gross Advances of the Bank grew by Rs.25,509 crore i.e. to Rs.1,76,234 crore in March 2013 from Rs.1,50,725 crore in March 2012, registering a Y-o-Y growth of 16.92%.
Agriculture Advances increased by 30.84% to Rs.24,660 crore in March 2013 from Rs. 18,848 crore in March 2012.
MSE Advances registered y-o-y growth of 31.31% to Rs.17,289 crore in March 2013 from Rs.13,161 crore of previous year.
Retail Loans showed substantial growth of 27.74% on y-o-y basis to Rs.21,352 crore from Rs.16,715 crore.
Housing Loan portfolio of the Bank stands at Rs.7,699 crore consisting of 36.06% of the total Retail Portfolio.
Education Loan portfolio of the Bank registered y-o-y growth of 19.01% to Rs.2,567 crore in March 2013 from Rs.2157 crore of previous year.
The Credit Deposit Ratio has moved from 76.83% to 77.97% on y-o-y basis.
Credit growth in the bucket size of Rs.5 – 25 crores recorded a significant growth of 43.97% on Y-o-Y basis.
Provision coverage ratio has improved from 40.62% for 2011-12 to 47.75% for 2012-13.
NEW INITIATIVES
Bouquet of Premium products in Current and Savings portfolio designed for HNI customers launched for retention, upscaling and new HNI clients.
Customised savings product –Cent Salary Savings Scheme with inbuilt offers, concessions and Overdraft facility launched for salaried class
Flexible RDS scheme – Cent Swashakti launched to promote savings among customers with variable income
Facility of online opening of time deposit accounts to Internet Banking users offered – being first Nationalised Bank to offer this facility.
Standardised Branding of Branches, ATMs, Kiosks, Lifts & Gates.
“Cent Kalyani Scheme” for women entrepreneurs launched with most attractive features. First Bank to set up women entrepreneur cell at all regional offices.
Operationalized Nav-chetna branches across the country to enhance customer delight and cross-selling.
Operationalised 21 Retail Asset Branches (RABs) all over India.
Signed MoU with renowned builders/developers for providing hassle free home loans at special rates across the country.
Convened and participated in various property expos and other expos across the country resulting in substantial leads in Housing loans as well as other Bank products.
“Cent Construction Equipment Finance” for financing New -Machinery/ Equipment/ Vehicles for construction activities with or without CGTMSE coverage
“Cent Food Processing Plus Scheme” for financing Food and Agro based Processing unit- the scheme was modified and concessional Rate of interest is offered if the collateral security is 100% irrespective of the credit rating of the unit.
“Cent Prosperity” (For Minority Communities) for Unemployed / traditional and prospective artisan minorities to generate continuous and sustainable employment opportunities and also to increase income. Rate of Interest offered under the scheme is BR+0.25% upto Rs. 10 lakh.
Innovative concept of Grow- Trees – through this, we have replaced the corporate mementos with Certificates having planted specific number of trees in the wastelands of the country in association with Growtrees.com. Under our CSR initiatives Bank supported socially useful activities under health care, education, drought relief, support physically challenged etc. through accredited and NGOs like Helpage, Delhi, Tata Memorial Hospital, Iskcon for mid day meals to rural children etc.
Financial Inclusion (FI)
As on 31 March 2013, Bank has covered 8684 unbanked villages through 4860 BCs and 116 Brick & Mortar Branches. Bank is doing FI activities in 377 districts across the country.
Number of FI accounts increased from 30.92 lacs to 40.82 lacs in 2012-13 (growth 32%)
FI Transactions through BC has increased from 6.39 lacs in 2011-12 to 22.42 lacs in 2012-13 (growth 3.51 times).
The amount of transaction through BCA has grown from Rs.16.21 crores in 2011-12 to Rs.154.40 crores in 2012-13 (growth 9.24 times)
“Direct Benefit Transfer (DBT)
Under DBT first phase, we are lead bank in two districts Hoshangabad in MP and Amravati in Maharashtra. Out of 1.29 lacs beneficiaries list received from the Government, accounts of 1.19 lacs (92%) beneficiaries have already been opened by the banks
Under DBT second phase (to be implemented from 01 July 2013) out of 78 Districts, we are lead district in six districts , viz Cooch Behar (WB), Etawah (UP), Jalgaon (Maharashtra), Jabalpur (MP), Koriya (Chattisgarh) and Kota (Rajasthan).
Bank is in the forefront to implement the coveted DBT project of the Government.
Bank is APBS live since the first day of national launch of DBT, ie on 01 January 2013. Bank has processed 20611 DBT transfers using APBS amounting to Rs.2.08 crores.
Bank is Aadhar Enabled Payment System(AEPS) live and AEPS payments were made in Hoshangabad and Amravati.
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