Financial Results for Quarter ended June 2013

Financial Results for Quarter ended June 2013

Profitability – Q1 of FY 2013-14

Operating Profit improves from Rs. 1,674 Cr in June-12 to Rs.2,180 Cr in June-13 (Growth: 30.23%)

Net Profit improves from Rs.887Cr in June-12 to Rs.964 Cr in June-13 (Growth: 8.68%)

Net Interest Income improves from Rs.2,044Cr in June-12 to Rs.2,537 Cr in June-13 (Growth: 24.15%)

Non-Interest Income improves from Rs.841 Cr in June-12 to Rs.1,181Cr in June-13 (Growth: 40.42%)

Business

Global Business increased from Rs.6,03,144cr in June-12  to Rs.7,24,396 cr inJune-13. (Growth:20.10%)

Global Deposits increased from Rs. 3 38 983 cr in June-12  toRs.4,14,964cr in June-13. (Growth: 22.41%)

Global Advances increased from Rs. 2,64,162cr in June-12  to Rs.3,09,432cr in June-13. (Growth: 17.14%)

Domestic Deposits increased from Rs. 2,67,283crore in June-12  to Rs.3,16,112crore in June-13. (Growth: 18.27%)

Domestic Advances increased from Rs. 1,83,393crore in June-12  to Rs.2,08,883 crore in June-13. (Growth: 13.90%)

International Deposits increased from Rs. 71,700crore in June-12 to Rs.98,852crore in June-13. (Growth: 37.87%)

International Advances increased from Rs. 80,769 crore in June-12 to Rs.1,00,549crore in June-13. (Growth: 24.49%)

CASA Deposits increased from Rs.83,233crore in June 2012 to Rs.96,687 crore in June 2013. (Growth: 16.16%)

High Cost Deposits at 4.11% of Total Deposit

Credit Deposit Ratio is 74.57%in June 2013

Asset Quality

Gross NPA ratio stood at 3.04% in June-13

Net NPA ratio at 2.10%.

Provision Coverage Ratio improves from 60.86% in June-12 to 60.97% in June-13

Important Ratios

Global NIM improves from 2.27 in June-12, 2.46 in March-13 to 2.50 in June-13,Domestic NIM improves from 2.56 in June-12, 3.0 in March-13 to 3.07 in June-13

Return on Assets (ROA) improves from 0.68% in March-13 to 0.80% in June-13.

Cost to Income ratio improves from 41.98% in June-12 to 41.35% in June-13

Business per Employee increased from Rs.14.45crorein June-12 to Rs.17.18crorein June-13and Business per Branch improved from Rs.148.89crorein June-12to Rs.166.49crorein June-13

Cost of Deposit brought down from 5.95% in June-12 to 5.71% in June-13

Capital Adequacy Ratio

Capital Adequacy Ratio of the Bank under Basel II is 10.66% as onJune 30, 2013

Tier I CRAR is 7.98% as on June 30, 2013

Tier II CRAR is 2.68% as on June 30, 2013

Capital Adequacy Ratio of the Bank under Basel III is 10.36% as on June 30, 2013

Credit Portfolio

Retail Loans grew by 16.50% on YoY basis – Growth in Home Loans 24.46% on YoY basis

Agriculture Advance grew by 19.71% on YoY basis

Priority sector Advance grew by 16.56% on YoY basis

MSME Advance grew by 27.76% on YoY basis

Branch Network

As of June-13, Bank’s distribution network was at 4322 Branches and 2452 ATMs, with increase of 300 Branches and 725 ATMs over 4022 Branches and 1727 ATMs as of June 30, 2012