MUMBAI, 28 JANUARY, 2021 (GPN):

Bank’s Global Business reached Rs.1640582 crore

Key Highlights (9 Months period ended)                         (Dec 2019 V/s Dec 2020)

●        Domestic Business of the Bank grew by 8.69%.●        Net-Interest Income grew by 21.47%.●        Non-Interest Income grew by 28.64%.●        Operating Profit grew by 37.29%●        Net Profit grew by 112.21%●        Domestic NIM improved by 26 bps●        Cost to Income Ratio improved by 488 bps.●        Retail Credit grew by 9.33% with Housing loan at 13.32%.●        CASA Deposits increased by 14.89%.●        Retail term deposit grew by 18.19%.●        Gross NPA Ratio down by 236 bps. ●        Net NPA Ratio down by 298 bps.●        Provision Coverage Ratio (PCR) improved by 1452 bps.●        CRAR stood at 13.69% as at Dec 2020. Out of which Tier-I is 10.45% and Tier-II is 3.24% as at Dec 2020.                         Key Highlights (3 Months ended)                       (Dec 2019 V/s Dec 2020) ●        Net-Interest Income grew by 14.58%.●        Non-Interest Income grew by 63.09%.●        Operating Profit grew by 46.65%.●        Cost to Income Ratio improved by 567 bps                       Key Highlights (3 Months ended)                                                (Sep 2020 V/s Dec 2020) ●        Operating Profit grew by 16.02% to Rs.5382 Cr.●        Net Profit grew by 56.76% to Rs.696 Cr.●        Total Income increased by 3.08% to Rs.21479 Cr.●        Non-Interest Income increased by 35.44 % to Rs.4273 Cr.

 

Business

●        Global Business increased by 6.97% (y.o.y) to Rs.1640582 Cr as at Dec 2020 with Global Deposits at Rs.973021 Cr 7.80% (y.o.y) and Global Advance (gross) at Rs.667561 Cr 5.79% (y.o.y).

●        Domestic Deposit of the Bank stood at Rs.928325 Cr as at Dec 2020 with growth of 9.49% (y.o.y).

●        Domestic Advances (gross) of the Bank stood at Rs.644826 Cr as at Dec 2020 with growth of 7.55% (y.o.y).

●   RAM constitutes 56.65% of Total Advances.

●        Retail lending Portfolio increased 9.33% (y.o.y) to Rs.113835 Cr as at Dec 2020.

o   Housing Loan Portfolio increased 13.32% y.o.y to Rs.62074 Cr.

o   Vehicle Loan portfolio stood at Rs.13537 Cr as at Dec 2020.

●        Advances to Agriculture grew by 10.95% (y.o.y) to Rs.150652 Cr as at Dec 2020.

Asset Quality

●        Gross Non-Performing Assets (GNPA) ratio reduced to 7.46% as at Dec 2020 down from 8.23% as at Sept 2020, 9.39% as at March 2020 and 9.82% as at Dec 2019.

●        Net Non-Performing Assets (NNPA) ratio reduced to 2.64% as at Dec 2020 down from 3.42% as at Sept 2020, 4.34% as at March 2020 and 5.62% as at Dec 2019.

●        Provision Coverage Ratio (PCR) improved to 84.89% as at Dec 2020 from 70.37% as at Dec 2019.

Capital Adequacy

●        CRAR stood at 13.69% as at Dec 2020. Out of which Tier-I is 10.45% and Tier-II is 3.24% as at Dec 2020.

●        Bank successfully raised capital during FY21 through:-

AT-1 Bonds:-2816.10 Cr

QIP Equity:- 2000 Cr

Priority Sector & Financial Inclusion

●        The Bank has achieved Targets in Priority Sector and Agricultural Credit at 47.36% and 19.54% of ANBC as at Dec 2020, as against the mandatory target of 40% and 18% respectively.

●        Credit to Weaker Sections stood at 17.88% of ANBC, exceeding the target of 10%.

●        Bank has opened 137 lakhs accounts under PMJDY and mobilised CASA deposits of Rs.5803 Cr as at Dec 2020.

Network

●        As on 31.12.2020, the Bank has 10491 number of Branches, 3075 Rural, 3175 Semi- Urban, 2103 Urban & 2138 Metro along with 12973 ATMs.