Bank’s
Global Business reached Rs. 1597747 crore
Key Highlights
Domestic Business of the Bank grew by 8.88% (y.o.y) to Rs.1538179 Cr as at September 2020 from Rs.1412710 Cr in corresponding period last year.
CASA Deposits increased by 14.47% (y.o.y) to Rs.298529 Cr as at Sep 2020. Domestic CASA share increased (y.o.y) by 74 bps to 32.77% as at Sep 2020.
Retail term deposit grew by 18.14% (y.o.y) to Rs.405781 Cr as at Sep 2020.
Retail Credit stood at Rs.110196 Cr with Housing loan at Rs.59940 Cr as at Sep 2020.
Operating Profit grew by 32.53% to Rs.4640Cr during Q2 FY21.
Net Profit stood at Rs.444 Cr during Q2 FY21.
Net-Interest Income grew by 29.31% (y.o.y) to Rs.6296 Cr as at Q2 FY21.
Non-Interest Income stood at Rs.3155 Cr in Q2 FY21 with growth of 12.06% (y.o.y).
CRAR (Basel III) stood at 12.77% as at Sep 2020. Bank has raised AT-I bonds to the tune of Rs.1181 cr.
Gross NPA ratio at 8.23%, down by 187 bps (y.o.y) while Net NPA ratio at 3.42%, down by 230 bps (y.o.y) as at Sep 2020.
Provision Coverage Ratio (PCR) improved significantly by 1188 bps from 69.60% as at Sep 2019 to 81.48% as at Sep 2020.
RAM constitutes 55.74% of Total Advances.
Key Summary of Business Performance (as on 30.09.2020) Business
Global Business increased by 6.28% (y.o.y) to Rs.1597747 Cr as at Sep 2020 with Global Deposits at Rs.948767 Cr (9.19% y.o.y) and Global Advance (gross) at Rs.648980 Cr (2.28% y.o.y).
Domestic Deposit of the Bank stood at Rs.910984 Cr as at Sep 2020 with growth of 11.90% (y.o.y).
Domestic Advances (gross) of the Bank stood at Rs.627195 Cr as at Sep 2020 with growth of 4.77% (y.o.y).
Retail lending Portfolio increased 8.63% (y.o.y) to Rs.110196 Cr as at Sep 2020.
o Housing Loan Portfolio increased 12.84% y.o.y to Rs.59940 Cr.
o Vehicle Loan portfolio stood at Rs 12872 Cr as at Sep 2020.
Advances to Agriculture grew by 7.57% (y.o.y) to Rs.141880 Cr as at Sep 2020.
Income
and Profitability for Q2 FY21
Operating Profit grew by 32.53% to Rs.4640 Cr during Q2 FY21.
Net Profit stood at Rs.444 Cr during Q2 FY21.
Total Income increased by 1.08% (y.o.y) to Rs.20837 Cr as at Q2 FY21.
Non-Interest Income increased by 12.04% (y.o.y) to Rs.3155 Cr as at Q2 FY21.
Net-Interest Income grew by 29.31% (y.o.y) to Rs.6296 Cr as at Q2 FY21.
Asset Quality
Gross Non-Performing Assets (GNPA) ratio reduced to 8.23% as at Sep 2020 down from 8.84% as at June 2020, 9.39% as at March 2020 and 10.10% as at Sep 2019.
Net Non-Performing Assets (NNPA) ratio reduced to 3.42% as at Sep 2020 down from 3.95% as at June 2020, 4.34% as at March 2020 and 5.72% as at Sep 2019.
Provision Coverage Ratio (PCR) improved to 81.48% as at Sep 2020 from 69.60% as at Sep 2019.
Capital Adequacy
CRAR stood at 12.77% as at Sep 2020. Out of which Tier-I is 9.54% and Tier-II is 3.23% as at Sep 2020.
Priority
Sector & Financial Inclusion
The Bank has achieved Targets in Priority Sector and Agricultural Credit at 46.52% and 19.77% of ANBC as at Sep 2020, as against the mandatory target of 40% and 18% respectively.
Credit to Weaker Sections stood at 18.32% of ANBC, exceeding the target of 10%.
Credit to women beneficiaries as on Sep 2020 at Rs.87063 Cr (15.70 % of ANBC as against the target of 5%).
Bank has opened 137 lakhs accounts under PMJDY and mobilised CASA deposits of Rs.5588 Cr as at Sep 2020.
Network
As on 30.09.2020, the Bank has 10495 number of Branches, 3076 Rural, 3178 Semi- Urban, 2102 Urban & 2139 Metro along with 13023 ATMs.
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