CENTRAL BANK OF INDIA POSTS EXCELLENT RESULTS FOR F Y ENDED MARCH, 2015

 CENTRAL BANK OF INDIA POSTS EXCELLENT  RESULTS FOR  

F Y ENDED MARCH, 2015

MAJOR HIGHLIGHTS –FY 2014-15

Left to Right-Executive Directors of  Central Bank of India Dr R C Lodha, Shri R.K. Goyal and Shri B K Divakara are seen during  the Press Meet  to announce the financial results for the quarter ended March 2015 at Mumbai.

		Rs. in crore
Ø	Total Business	4,50,539
Ø	Total Deposits	2,55,572
Ø	Core Deposits	2,28,137
Ø	Total Advances	1,94,967
Ø	Total Income	28,303
Ø	Net Profit	606

PERFORMANCE HIGHLIGHTS

      Gross NPA to Gross Advances has come down to 6.09% in FY 2014-15 from 6.27% as on            31^st March 2014. Net NPA to Net Advances decreased to 3.61% in 2014-15 from 3.75% of previous year

      Bank recorded Net Profit of Rs.606 crore in FY 2014-15 as against Net Loss of Rs.1,263 crore incurred in FY 2013-14.

      Total Income registered a growth of 7.41 %, from Rs. 26,350 crore in FY 2013-14 to  Rs.28,303 crore  in FY 2014-15 on y-o-y basis.

      Total Interest Income registered a growth 8.11% from Rs. 24,427 crore to Rs. 26,409 crore in FY 2014-15 on y-o-y basis.

      Net Interest Income of the Bank registered a growth of 11.60 % from Rs. 6,494 crore in FY  2013-14 to Rs. 7,247 crore in FY 2014-15 on y-o-y basis.

      Net Interest Margin increased to 2.79 % in FY 2014-15 against 2.73% of  FY 2013-14.

       Operating Profit of the Bank stood at Rs. 3,559 crore in FY 2014-15 as compared to Rs. 3,238 crore as on March 2014 registering y-o-y growth of 9.91 %.                                                                     

BUSINESS HIGHLIGHTS

      Total Business of the Bank increased to Rs.4,50,539  crore in FY 2014 -15 compared to  Rs. 4,23,390 crore as of  March 2014, registering y-o-y growth of 6.41  %.

      Total Deposits grew by 6.46 % on y-o-y basis to Rs. 2,55,572  crore  in FY 2014-15 from       Rs. 2,40,069 crore as of  March 2014.

      Core deposits of the Bank grew by 21.59 % on y-o-y basis to Rs. 2,28,137 crore in FY 2014-15 from Rs.1,87,635  crore as of March 2014. 

      CASA Deposits increased to Rs. 87,012 crore in March 2015 compared to Rs. 80,011 crore as of March 2014, registering y-o-y growth of 8.75 %.  Share of CASA in total deposits increased to 34.05% in March 2015 as compared to 33.33% in March 2014.

      Total Advances stood at Rs. 1,94,967 crore as against Rs.1,83,321 crore in March 2014, recording  y-o-y growth of 6.35%.

      Priority Sector Advances increased by 10.71 % on y-o-y basis to Rs.75,997 crore in FY 2014-15 from Rs. 68,648 crore in March 2014.

      We have achieved 40 % of ANBC in Priority Sector & 18 % of ANBC in Agriculture as per RBI Guidelines.  

      MSE Advances increased by 23.18 % to Rs.26,503 crore in FY 2014-15 from  Rs. 21,515 crore in March 2014.  

      Retail Loans showed substantial growth of 21.91 % on y-o-y basis to Rs.33,538 crore in FY 2014-15 from Rs. 27,511 crore in FY 2013-14. 

      Housing Loan portfolio of the Bank has shown a substantial growth of 29.28 % on y-o-y basis to         Rs.14,004 crore in FY 2014-15 from Rs. 10,832 crore in March 2014.

      Education Loan portfolio of the Bank increased by 15.5 % to Rs.3,442 crore in March 2015 from      Rs. 2,980 crore in March 2014.  

      Provision coverage ratio has improved from 50.68 % in 2013-14 to 55.16 % in FY 2014-15 on y-o-y basis.

      CRAR under BASEL II is at 11.89% with Tier I at 8.46 % whereas CRAR under BASEL III is      10.90% with Tier I at 8.05%