HIGHLIGHTS OF PERFORMANCE FOR THE QUARTER ENDED 31ST DEC. 2011

- The  Total Business of the Bank  increased to Rs. 321543 crores as on December 31, 2011 from 279418 crore as on December 31, 2010, a growth of 15.08 % (Y-o-Y) basis.

- Aggregate Deposits of the Bank increased to Rs 188226 crore as on December 31, 2011 in comparison to Rs 163109 crore as on December, 2010 registering a growth of 15.40 % on YoY basis.

- The CASA Deposits grew from Rs 56907 crore as on December 31, 2010 to Rs 61080 crore as on December 31, 2011 with a growth of 7.33% on YoY basis. The CASA deposits is 32.45% of Total Deposits as on December 31, 2011.

- The Gross Advances have increased to Rs 133317 crore as on December 31, 2011 from Rs 116309 crore as on December 31, 2010 at a growth rate of 14.62 % on YoY basis.

- Business per branch has increased to Rs 80.87 crore as on December 31, 2011 compared to Rs 76.42 crore as on December 31, 2010, registering a growth of 5.82%.

- Business per employee has slightly increased to Rs 8.44 crore as on December 31, 2011 from Rs 8.43 crore as on September 30, 2011.

- The Investments have increased to Rs 62891 crore as on December 31, 2011 from       Rs 54055 crore as on December 31, 2010 i.e. by 16.35 % on Y-o-Y basis.

- PROFIT

 Operating Profit of Central Bank of India decreased to Rs. 614 crores as on 31^st  Dec. 2011 from Rs. 815 crores as on 31^st  Dec. 2010 showing a negative growth of 24.66 % on Y-o-Y basis.  This decline is mainly due to increase in interest on deposits as well as reversal of unrealized interest on NPAs and loss of income on NPA as well as few restructured accounts.

 Net Profit of the Bank for the quarter ended Dec. 31, 2011 stood at Rs. 113 crores vis-à-vis Rs. 404 crore for the quarter ended Dec. 31, 2010 showing decrease of Rs. 291 crores on Y-o-Y basis.  The decline is due  to higher provision on NPA as well as on restructured/CDR Accounts.

 Non Interest Income of the Bank increased to Rs 357 crore for the quarter ended December 31, 2011 from Rs 250 crore for the quarter ended December 31, 2010 registering increase by 42.80% on Y-o-Y basis.

 Net Interest Margin (NIM) decreased to 2.85 % for nine months as on 31^st Dec. 2011, as compared to 3.22% as on 31^st Dec. 2010.

 Return on Assets (RoA) has decreased to 0.41 % as on Dec. 31, 2011 from 0.89 % as on December 31, 2010.

- CAPITAL ADEQUACY

 Capital Adequacy of the Bank stands at 12.20% (Basel I) as on December 31, 2011.

 As per Basel II the CRAR stands at 12.86% as on Dec. 31, 2011.

- SEGMENTWISE ADVANCES

 Under Priority Sector Advances of the Bank, the Agriculture Advances stood at Rs 15621 crore as on Dec. 31,  2011  that increased  from Rs 15111 crore as on December 31, 2010  registering growth of 3.38% on Yo-Y basis.

 Under MSE Sector the Advances were at Rs. 12449 crore as on Dec. 31, 2011 as against Rs. 10322 crore for the corresponding period of previous year registering a increase of 20.61% on Y-o-Y basis. Retail Loans grew from Rs. 11168 crores as on 31^st Dec. 2010 to Rs. 15130 crores as on 31^st  December 2011 with a growth of 35.48 % on Y-oY basis.

ASSET QUALITY

 The percentage of Net NPA as on December 31, 2011 is 2.04 % of Total Advances.

 NPA Coverage – cum- Provision is 48.05 % as on December 31, 2011. 

 We have moved to system-driven NPA for all accounts above Rs. 5 lacs.

 Gross NPA ratio  increased to 3.69% as on December 31, 2011 from 2.34% as on December 31, 2010.   Net NPA increased to 2.04% as on Dec. 31, 2011 from 0.71% as on December 31, 2010.  NPA Provision Coverage decreased to 48.05 % as on December 31, 2011 from 70.32% as on Dec. 31, 2010.

- KEY FINANCIAL RATIOS

 Cost to Income ratio impacted to 60.03 % for the period ended December 31, 2011 from 51.53%  for the period  ended December 31,  2010 on Y-o-Y basis.

 Cost of Deposits has increased to 7.33 % for the period ended December 31, 2011 as compared to 5.68% for the period  ended December 31, 2010 on  Y-o-Y  basis.

 Yield on Investments increased to 7.26% for the period ended Dec.31, 2011 when compared to 7.24% for the period ended Dec. 31, 2010 on Y-oY basis.

 Return on Assets (RoA) has decreased to 0.22 % as on December 31, 2011 from 0.89% as on December 31, 2010 on Y-o-Y basis.

 Achievements & Initiatives

 Shri M V Tanksale, Chairman & Managing Director of Central Bank of India has been conferred the title of PERSON OF THE YEAR  by SKOCH Foundation for his contribution in the area of Financial Inclusion. Dr. C Rangarajan, Hon’ble Chairman, Economic Advisory Council to the Prime Minister has conferred the

award on Shri Tanksale.

 Bank has re-introduced product  “Cent Double” to facilitate the customers to double their money in 7

2/3 years

.

 “Cent Sahyog” a new scheme launched on 2nd October 2011 to offer hassle free financial assistance to the MSME segment.

 Our Bank has received the prestigious  “Golden Peacock Award 2011” instituted by Institute of Directors (IODs) under innovative product/service category for retail product “Cent Sahyog”.

 Bank has been awarded as  “Best BFSI Company” by Business & Economy

magazine.

 RBI license obtained for Capital Market Service Branch in Mumbai which shall

be opened shortly.