by NR INDRAN / INT

Organisational  Restructuring starts yielding results.

Sparkling all round performance.

System recognition of NPAs leads to better recovery.

(Rs in crore)

Parametres	Q4 2010-11	Q4 2011-12	%age Growth
Operating Profit	1205	2015	67
Net Profit	494	953	93
ROA	0.60	0.98	–
ROE	13.19	21.17	–
CASA %age	29.18	34.25	–

CASA ratio jumps by 5 percentage points to 34.25%.

Operating Profit for Q4 goes up by 67%.

Net Profit for Q4 surges by 93%.

NIM for Q4 improves by 37 bps sequentially.

Gross NPA ratio for Q4 goes down by 40 bps to 2.34% sequentially.

Net NPA ratio for Q4 goes down by 31 bps to 1.47% sequentially.

510 branches added taking the total number of Domestic branches to 4000.

Q4 Performance

Operating Profit improved from Rs.1205 crore in Q4 – FY 2010-11 to Rs. 2015 crore in Q4-FY 2011-12 (growth of 67.2%).

Net Profit rose from Rs. 494 crore in Q4 FY 2010-11 to Rs.953 crore in Q4 FY 2011-12 ( growth of 93.0%).

Net Interest Income (NII) increased sequentially from Rs.2068 crore in Q3 FY 2011-12 to Rs.2501 crore in Q4 FY 2011-12 (growth of 21%).

Net Interest Margin (NIM) improved sequentially from 2.55% in Q3 FY 2011-12 to 2.86% in Q4 FY 2011-12.

Return on Assets (RoA) improved from 0.76% in December, 2011 to 0.98% in March, 2012.

Return on Equity (RoE) improved from 16.97% in December, 2011 to 21.17 in March,2012.

Gross NPA ratio decreased from 2.74% in December,2011  to 2.34% in March,2012

Net NPA ratio decreased from 1.78% in December,2011 to 1.47% in March,2012

Annual Performance

Growth in Advances during 2011-12 at 16.35%

Growth in Deposits during 2011-12 at 6.47%

Operating Profit improved from Rs. 5384 crore in FY 2010-11 to Rs. 6694 crore in FY 2011-12. (Growth of 24.3%)

Net Profit improved from Rs. 2489 crore in FY 2010-11 to Rs. 2678 crore in FY 2011-12 (Growth of 7.6%)

Non-Interest Income goes up from Rs. 2642 crore in 2010-11 to Rs. 3321 crore in 2011-12 (Growth of 25.7%).

Cost to Income Ratio drops from 48.49% in FY 2010-11 to 42.47% during FY 2011-12.

International Operations

Bank is operating in 19 countries with 49 offices.

Robust performance reflecting Y-o-Y growth of 51.9% in Deposits and 44.2% in Advances.

Bank of India (New Zealand) Limited, a 100% Subsidiary of the Bank, commences operations during the year.

Way Forward

1.    CASA growth with higher customer acquisition.

2.    Continued focus on SME, Retail and Rural Business.

3.    Continued focus on Inclusive Growth.

4.    I.T. Enabled Services to ensure better customer satisfaction.

5.    Focused attention on Human Resources.

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