Gross Income increased by 9.79% to Rs. 6237 crores in Q2FY 2013-14 from Rs. 5681 crores in Q2 FY 2012-13. Y-o-Y growth for the half year is 12.15%.

Total Interest Income registered a growth of 9.97%  from Rs. 5328 crores in Q2 FY 2012-13 to Rs.5859 crores in Q2 FY 2013-14 on Y-o-Y basis.

Non Interest Income of the Bank registered a growth of 7.08% to Rs. 378 crores in Q2 FY 13-14 from Rs. 353 crores in Q2 of previous year on Y-o-Y basis.

CRAR under Basel II is at 11.41% with Tier I at 8.17% whereas CRAR under Basel III is 10.15% with Tier I at 6.52%.

Net Interest Margin of the Bank decreased to 2.45% in Q2 FY 2013-14 from NIM of 2.68% of the corresponding quarter of FY 2012-13.

Operating Profit of the Bank in this quarter fell to Rs.542 crores.

Bank registered Net Loss of Rs. 1509 crores in Q2 FY 2013-14  as compared to Net Profit of Rs. 330 crores during corresponding period of previous year.  For the half year September 2013 the Net Loss is Rs. 1487 crores compared to Net Profit of Rs. 666 crores in September 2012.

Gross NPA stood at Rs. 11563 crores as on September 2013 from Rs. 8507 crores in Sept. 2012 and Rs. 10529 crores in June 2013.

Gross NPA to Gross Advances stood at 6.47% as on September 2013 as against 5.54% in September 2012 and 6.03% in June 2013.

Net NPA to Net Advances is at 3.77%.

Provision coverage ratio has improved to 49.98% in September 2013 from 39.86% in September 2012.

BUSINESS HIGHLIGHTS

Total Business of the Bank increased to Rs.4,09,041 crores as at September 2013 compared to Rs. 357139 crores as at September 2012, registering             Y-o-Y growth of 14.53%.

Total Deposits grew by 13.20% to Rs.2,30,413 crores in Q2 FY 2013-14 from Rs. 2,03,538 crores in Q2 FY 2012-13,  whereas Core Deposits increased by 21.58%.

CASA increased by 11.04% to Rs. 74597 crores in Q2 FY 2013-14 from                Rs. 67180 crores in Q2 FY 2012-13.

Gross Advances of the Bank stood at Rs. 178628 crores  in September 2013 from Rs. 153601 crores in September 2012, registering Y-o-Y growth of 16.29 %.

Agriculture Advances increased by 21.79% to  Rs. 22746 crores in Q2 FY 2013-14 from Rs. 18677 crores in Q2 FY 2012-13.

 

MSE Advances registered a growth of 25.39% to Rs. 18423 crores in Q2 FY 2013-14 from  Rs. 14692  crores in Q2 FY 2012-13.

Retail Advances increased by 29.23% to Rs. 23884 crores in Q2 FY 2013-14 from Rs. 18479 crores in Q2 FY 2012-13.

The Credit Deposit Ratio has increased to 77.53% in Q2 FY 2013-14 from 75.47% in Q2 FY 2012-13.

Source : Sachin Murdeshwar