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Performance Highlights for the period ended December 31, 2014

Income and Profit

  • Total quarterly income increased by 5.7% to Rs.849 crore forquarter ended December 2014fromRs.791 crore forquarterended December 2013.
  • Total income for nine months period ended December, 2014at Rs.2,460 crore is higher by 16% than Rs.2,122 crorefor corresponding period in previous year.
  • Net Interest income during current 9 months period improved by 2% to Rs.396 crorefrom Rs.389 crore in corresponding period in previous year. For the quarter, the NII reduced to Rs.186 crore from Rs.215 crore in the corresponding quarter in previous year.
  • Profit before tax for 9 months period ended December 31, 2014 at Rs.579 crore is higher by 34% vis-à-vis Rs.432 crore in corresponding period in previous year.  However, profit before tax for quarter ended December 31, 2014 at Rs.205 crore is lower compared to Rs.219 crore for quarter ended December 31, 2013.
  • Net Profit for 9 months period ended December 2014 at Rs.403 crore is higher by 19% vis-à-vis Rs.338 crore for corresponding period in previous year. However, profit after tax for quarter ended December 31, 2014 at Rs.134 crore is lower as compared to profit at Rs.143 crore for quarter ended December 31, 2013.

Important Ratios

  • CRAR as at December, 2014 stands at 20.2% (Tier I Capital 13.9%)
  • Gross NPAhas reduced to 11.5% from 17.3% in March, 2014 and Net NPAhas reduced to 8.0% from 11.4%in March, 2014
  • Provision Coverage Ratio for current period stands at 60% vis-à-vis 54% as at March, 2014.
  • Return on average Assets was 1.8%for current period as compared to 1.7% in corresponding period in previous year.
  • Average Yield on Advances increased from 11.8% in FY 2014 to 12.6% in current period.
  • Average cost of funds increased from 9.1% in FY 2014 to 9.6% in the current period.
  • Earnings per share (non-annualized) in the current 9 months period isRs.2.4as against Rs.2in corresponding period of previous year.
  • Debt equity ratio for current period stands at 3.7compared to 3.3 for the corresponding period in previous year.
  • Net Interest Margin decreasedmarginally to 2.5% for current period from 2.7% in corresponding period in previous year.
  • Book value per share for current period increased to Rs.37.2from Rs.34.9 as at March 31, 2014.
  • Cost to total income ratio stood at 65.4% for the period ended December 31, 2014 vis-à-vis 61% for the corresponding period in previous year
  • Ratio of Operating Cost (excluding depreciation)to total income was lower at 2.8% as compared to 3% for the corresponding period in previous year.

Other Information

  • Net worth standsincreased to Rs.6,188 crore on December 31, 2014 from Rs.5,797 crore as at March 31, 2014.
  • Business Assetshavegrown by 18%for current period to Rs.29,458 crore from December, 2013 and by 10%from March 2014.
  • Sanctions and disbursements for the current period ended December 2014 were at Rs.6,521 crore andRs.5,325 crore. In the same period borrowings of Rs.3,884 crore were made.
  • Standard loans to borrowersincreased at Rs.20,353 croreas on December 31, 2014, fromRs.16,539 croreon March 31, 2014.
  • Total Assets stand increased to Rs.31,965 crore as on December 31, 2014, fromRs.29,260 croreon March 31, 2014.

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