Tuesday, 18 May 2021

FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED 31st MARCH 2021

 

 

 

                               Key Highlights (12 Months period ended)

                         (Mar 2020 V/s Mar 2021)

 

●        Net Profit stood at Rs.2557 cr against Net Loss of Rs.5838 crores for FY-20

●        Operating Profit reached a new horizon at Rs.20009 cr grew by 55.93%

●        Net-Interest Income grew by 18.57%

 

●        Non-Interest Income grew by 40.75%

 

●        Domestic NIM improved by 24 bps

 

●        Cost to Income Ratio improved by 966 bps

●        Domestic Business grew by 8.57%

●        Agricultural & Allied Credit grew by 17.44%

●        Retail Credit grew by 12.14% with Housing loan at 15.11%

 

 

●        CASA Deposits increased by 13.95 %

●        Retail term deposit grew by 16.37 %

 

 

 

●        Gross NPA Ratio down by 46 bps

 

●        Net NPA Ratio down by 52 bps

●        Provision Coverage Ratio (PCR) at 79.68% improved by 273 bps

●        CRAR stood at 13.18% as at Mar 2021. Out of which Tier-I is 10.08% and Tier-II is 3.10%

                         Key Highlights (3 Months ended)

                       (Mar 2020 V/s Mar 2021)

 

●        Net Profit stood at Rs.1010 Cr as against Net Loss of Rs.6567 crores

●        Operating Profit grew by 136.40%

●        Net-Interest Income grew by 9.87%

●        Non-Interest Income grew by 72.08%

●        Cost to Income Ratio improved by 2285 bps

 

 

                       Key Highlights (3 Months ended)

                                                (Dec 2020 V/s Mar 2021)

 

●        Net Profit grew by 45.11% to Rs.1010 Cr

●        Non-Interest Income increased by 21.86 % to Rs.5207 Cr

●        Cost to Income improved by 85 bps

        


 

Key Summary of Business Performance (as on 31.03.2021)

   

     Business

 

●        Global Business increased by 8.23% (y.o.y) to Rs.1686030 Cr as at Mar 2021 with Global Deposits at Rs.1010875 Cr 11.50% (y.o.y) and Global Advance (gross) at Rs.675155 Cr 3.68% (y.o.y)

●        Domestic Deposit of the Bank stood at Rs.963306 Cr as at Mar 2021 with growth of 10.74% (y.o.y)

●        Domestic Advances (gross) of the Bank stood at Rs.652558 Cr as at Mar 2021 with growth of 5.51% (y.o.y)

●   RAM constitutes 56.24% of Total Advances

●        Retail lending Portfolio increased 12.14% (y.o.y) to Rs.115312 Cr as at Mar 2021

o   Housing Loan Portfolio increased 15.11% y.o.y to Rs.64326 Cr

o   Vehicle Loan portfolio increased 13.25% y.o.y to Rs.13713 Cr

●        Advances to Agriculture grew by 17.44% (y.o.y) to Rs.156058 Cr as at Mar 2021

 

 

Asset Quality

●        Gross Non-Performing Assets (GNPA) ratio stood at 8.93% as at Mar 2021 as against 7.46% at Dec 2020, 9.39% as at March 2020

●        Net Non-Performing Assets (NNPA) ratio stood at 3.82% as at Mar 2021 as against 2.64% as at Dec 2020, 4.34% as at March 2020

●        Provision Coverage Ratio (PCR) improved to 79.68% as at Mar 2021 from 76.95% as at Mar 2020

Capital Adequacy

 

●        CRAR stood at 13.18% as at Mar 2021. Out of which Tier-I is 10.08% and Tier-II is 3.10%

●        Bank successfully raised capital during FY21 through:

 

AT-1 Bonds : Rs.2936.10 Cr

QIP Equity  : Rs.2000 Cr

 

 

Priority Sector & Financial Inclusion

 

●        The Bank has achieved Targets in Priority Sector at 44.11% and Agricultural Credit at 18.56% of ANBC as at Mar 2021, as against the mandatory target of 40% and 18% respectively

●        Credit to Weaker Sections stood at 17.66% of ANBC, against the target of 10%

 

●        Bank has opened 138 lakhs accounts under PMJDY and mobilised CASA deposits of Rs.6152 Cr as at Mar 2021

Network

 

●        As on 31.03.2021, the Bank has 10416 Number of Branches, out of which 3069 are Rural, 3140 Semi- Urban, 2094 Urban & 2113 Metro along with 13452 ATMs


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