PERFORMANCE HIGHLIGHTS Q4 2011-12 AND FY 2011-12
Ø The Total Business of the Bank increased to Rs. 346898 crore as on March 31, 2012 from Rs 310763 crore as on March 31, 2011 registering a growth of 11.63% (Y-o-Y basis) which includes a Deposit growth of 9.38% and Advances growth of 14.70%.
Ø Total Deposits as on March 31, 2012 stood at Rs 196173 crore in comparison to Rs. 179356 crore as on March 31, 2011 showing a growth of 9.38 % over 2010-11.
Ø The share of CASA is marginally reduced to 33.27% v/s 35.17% in previous year.
Ø The Total Advances of the Bank increased from Rs 1,31,407 crore as of March 31, 2011 to Rs. 150725 crore registering a Y-o-Y growth of 14.70 %.
Ø The Credit growth on Direct Agriculture is 20.60%, MSME Sector 22.90% and Retail Sector 39.72%.
Ø The Credit Deposit Ratio has moved from 72.44% to 76.83%.
Ø The Total Income has registered a growth of 24.62%, from Rs. 16486 crore to Rs. 20545 crore on Y-o-Y basis.
Ø Total Interest Income registered a growth of 25.81% from Rs. 15221 crore to Rs. 19150 crore on Y-o-Y basis.
Ø Net Interest Income of the Bank declined marginally from Rs. 5326 crore to Rs. 5169 crore on Y-o-Y basis.
Ø Non Interest Income of the Bank registered a growth of 10.28% from Rs. 1265 crore to Rs. 1395 crore on Y-o-Y basis.
Ø The NIM for the quarter is 2.59%, as against 1.81% for the quarter of 2010-11. However, the NIM stood at 2.78% for the year 2011-12 v/s 3.31% for FY 2010-11.
Ø The cost to Income Ratio has improved from 60.68% to 57.11%.
Ø Operating Profit of the Bank was up by 8.65% and stood at Rs. 2815 crore as on March 31, 2012 as compared to Rs. 2591 crore as on March 31, 2011 on Y-o-Y basis.
Ø Bank recorded Net Profit of Rs. 533 crore for the year ended 2011-12 as compared to Rs.1252 crore for the year 2010-11.
Ø Gross NPA to Gross Advances increased from 1.82 % to 4.83 % as on March 31, 2012.
Ø Net NPA increased from 0.65% to as on 31.03.2011 to 3.09% in the backdrop of slippages, due to adverse market scenario and Bank implementing reporting of 100% of its Advances through system. Bank achieved 100% CBS in December 2011.
Ø Investments of the Bank registered a growth of 8.62% from Rs. 54847 crore to Rs. 59577 crore on Y-o-Y basis.
Ø The Bank got the capital of Rs. 1000 crore from Govt. of India and LIC in the last week of March 2012 and the CRAR for March 2012 is 12.40 % under Basel II and 11.96% under Basel I.
NEW INITIATIVES
Ø Being the Centenary Year, Bank created a strong visibility across the country and improved the Brand Recognition.
Ø Bank opened 283 branches during the year.
Ø ATM network increased from 1006 as on 31.3.2011 to 1682 as on 31.03.2012.
Ø Bank introduced Centsahayog, a hassle free loan product for MSME sectors.
Ø Bank introduced Cent Param Vayushakti for Airforce and Cent Param Jalshakti for Navy. These products provide defence personnel with host of most competitive bank products. Bank is in final stage of making such arrangement with Armed Forces also.
Ø Completion of 100% System driven NPA alongwith Data Cleansing.
Ø The Bank has exhibited strong marketing skills in promoting third party products like life and non-life Insurance, Mutual Funds, Government Business and registered a robust growth on Fee-based Income on these Income streams. The Bank has achievedd 100% BIMA Zones, 66 BIMA Regions and over 704 BIMA branches under Bancassurance scheme of L.I.C.
FINANCIAL INCLUSION
Ø Under Financial Inclusion plan all allotted 3725 villages having population more than 2000, have been covered well within the stipulated time.
Ø Out of 3725 villages covered, 3629 villages are covered through Business Correspondents and 96 villages are covered through Brick & Morter Branches.
Ø Bank has opened 50 Financial Literacy and Counceling Centres and 46 RUDSETIs as on 31.03.2012.
Ø No. of No Frill Accounts stood at 6521689 with Smart Cards activated 30.92 lacs as on 31.03.2012.
AWARDS /RECOGNITION
Bank won various Awards and accolades for its various HR initiatives and practices, Product Innovation on SME, Financial Inclusion and Brand creation.
Ø Bank has been ranked 4th Best Public Sector Bank in India under “Brand Equity – Top 100 Most Trusted Brands 2011” and ranked at 16th position in 2011 under “India’s Most Trusted Service Brands” category as per survey conducted by Economic Times.
Ø 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”.
Ø Shri M V Tanksale, Chairman & Managing Director of Central Bank of India has been conferred the title of the PERSON OF THE YEAR by SKOCH Foundation for his contribution in the area of Financial Inclusion.
Ø Shri R K Dubey, Executive Director of our Bank has been conferred with the Best Banker Award 2012 by Shri K C Chakrabarty, Dy. Governor, Reserve Bank of India. The Award was presented during SME Banking Conclave 2012 on “Ensuring Growth of SMEs for Better Future”, organized by Small & Medium Business Development Chamber of India.
Ø The Banker’ has published on 1st February 2012 the list of “top 500 BANKING BRANDS 2012”. We are pleased to inform that our Bank’s brand has moved up by 61 i.e. from 390 in 2011 to 329 in 2012.
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