Central
Bank of India, the premier nationalized bank, has announced its financial
results for the year ended 31.3.2013 showing substantial improvement over its
performance of the previous year.
MAJOR HIGHLIGHTS
–FY13
|
PARTICULARS
|
AMOUNT IN RS. CRORES
|
CONTRIBUTION IN %
|
|
Net Profit
|
1015
|
+90.43
|
|
Net NPA
|
4988
|
2.90
|
|
Gross NPA
|
8456
|
4.80
|
|
Total Business
|
402272
|
+15.96
|
|
Total Deposits
|
226038
|
+15.22
|
|
Aggregate Core Deposits
|
170953
|
+27.84
|
|
Advances
|
176234
|
+16.92
|
PERFORMANCE
HIGHLIGHTS
Ø Total Income has registered a growth of
14.52%, from Rs. 20,545 crore to Rs.23,528 crore on y-o-y basis.
Ø Total Interest Income registered a
growth of 14.16% from Rs.19150 crore to Rs.21861 crore on y-o-y basis.
Ø Net Interest Income of the Bank
registered a growth of 11.01% from Rs.5169 crore to Rs.5738 crore on y-o-y
basis.
Ø Non Interest Income of the Bank has
increased by 19.50% from Rs.1395 crore to Rs.1667 crore.
Ø Operating Profit of the Bank stood at
Rs.3173 crore as on March 2013 as compared to Rs. 2815 crore as on March 2012.
Ø Bank recorded Net Profit of Rs.1015
crore as on March 31, 2013, as compared to Rs.533 crore as on March 31, 2012,
registering y-o-y impressive growth of 90.43%.
Ø Average Business per Employee
increased to Rs.973 lacs in March 2013 from Rs.862 lacs in March 2012 on Y-o-Y
Basis.
Ø Gross NPA to Gross Advances has
decreased to 4.80% as on 31st March 2013 from 4.83% of previous year as on 31st
March 2012. Net NPA to Net Advances decreased by 0.02% to 2.90 % as on 31st
March 2013 from 3.10 % of previous year.
Ø Recovery in written off a/c at Rs.282
crores showing robust growth of 89.26%.
BUSINESS HIGHLIGHTS
Ø Total Business of the Bank increased
to Rs.4,02,272 crore as on 31st March 2013 compared to Rs.3,46,898 crore as at
March 2012, registering y-o-y growth of 15.96%.
Ø Total Deposits grew by 15.22 % on
Y-o-Y to Rs.2,26,038 crore from Rs. 1,96,173 crore in March 2012.
Ø Total Core deposit of the Bank grew by
27.84% on Y-o-Y Basis to Rs.1,70,953 crores as of March, 2013 from Rs.1,33,726crores
as of March 2012.
Ø CASA Deposits increased to Rs.73,581
crore as of March 2013 compared to Rs.65,275 crore as of March 2012,
registering Y-o-Y growth of 12.72%.
Ø Gross Advances of the Bank grew by
Rs.25,509 crore i.e. to Rs.1,76,234 crore in March 2013 from Rs.1,50,725 crore
in March 2012, registering a Y-o-Y growth of 16.92%.
Ø Agriculture Advances increased by
30.84% to Rs.24,660 crore in March 2013 from Rs. 18,848 crore in March 2012.
Ø MSE Advances registered y-o-y growth
of 31.31% to Rs.17,289 crore in March 2013 from Rs.13,161 crore of previous
year.
Ø Retail Loans showed substantial growth
of 27.74% on y-o-y basis to Rs.21,352 crore from Rs.16,715 crore.
Ø Housing Loan portfolio of the Bank
stands at Rs.7,699 crore consisting of 36.06% of the total Retail Portfolio.
Ø Education Loan portfolio of the Bank
registered y-o-y growth of 19.01% to Rs.2,567 crore in March 2013 from Rs.2157
crore of previous year.
Ø The Credit Deposit Ratio has moved
from 76.83% to 77.97% on y-o-y basis.
Ø Credit growth in the bucket size of
Rs.5 - 25 crores recorded a significant growth of 43.97% on Y-o-Y basis.
Ø Provision coverage ratio has improved
from 40.62% for 2011-12 to 47.75% for 2012-13.
NEW INITIATIVES
Ø Bouquet of Premium products in Current
and Savings portfolio designed for HNI customers launched for retention, upscaling
and new HNI clients.
Ø Customised savings product –Cent
Salary Savings Scheme with inbuilt offers, concessions and Overdraft facility
launched for salaried class
Ø Flexible RDS scheme – Cent Swashakti
launched to promote savings among customers with variable income
Ø Facility of online opening of time
deposit accounts to Internet Banking users offered – being first Nationalised
Bank to offer this facility.
Ø Standardised Branding of Branches,
ATMs, Kiosks, Lifts & Gates.
Ø “Cent Kalyani Scheme” for women
entrepreneurs launched with most attractive features. First Bank to set up
women entrepreneur cell at all regional offices
Ø Operationalized Nav-chetna branches
across the country to enhance customer delight and cross-selling.
Ø Operationalised 21 Retail Asset
Branches (RABs) all over India.
Ø Signed MoU with renowned
builders/developers for providing hassle free home loans at special rates
across the country.
Ø Convened and participated in various
property expos and other expos across the country resulting in substantial
leads in Housing loans as well as other Bank products.
Ø “Cent Construction Equipment Finance”
for financing New -Machinery/Equipment/ Vehicles for construction activities
with or without CGTMSE coverage.
Ø “Cent Food Processing Plus Scheme” for
financing Food and Agro based
Ø Processing unit- the scheme was
modified and concessional Rate of interest is offered if the collateral
security is 100% irrespective of the credit rating of the unit.“
Ø Cent Prosperity” (For Minority
Communities) for Unemployed / traditional and prospective artisan minorities to
generate continuous and sustainable employment opportunities and also to
increase income. Rate of Interest offered under the scheme is BR+0.25% upto Rs.
10 lakh.
Ø Innovative concept of Grow- Trees –
through this, we have replaced the corporate mementos with Certificates having
planted specific number of trees in the wastelands of the country in
association with Growtrees.com. Under our CSR initiatives Bank supported socially
useful activities under health care, education, drought relief, support
physically challenged etc. through accredited and NGOs like Helpage, Delhi,
Tata Memorial Hospital, Iskcon for mid day meals to rural children etc.
FINANCIAL INCLUSION
(FI)
Ø As on 31 March 2013, Bank has covered
8684 unbanked villages through 4860 BCs and 116 Brick & Mortar Branches.
Bank is doing FI activities in 377 districts across the country.
Ø Number of FI accounts increased from
30.92 lacs to 40.82 lacs in 2012-13 (growth 32%)
Ø FI Transactions through BC has
increased from 6.39 lacs in 2011-12 to 22.42 lacs in 2012-13 (growth 3.51
times).
Ø The amount of transaction through BCA
has grown from Rs.16.21 crores in 2011-12 to Rs.154.40 crores in 2012-13
(growth 9.24 times)
“DIRECT BENEFIT TRANSFER (DBT)
Ø Under DBT first phase, we are lead
bank in two districts Hoshangabad in MP and Amravati in Maharashtra. Out of
1.29 lacs beneficiaries list received from the Government, accounts of 1.19
lacs (92%) beneficiaries have already been opened by the banks.
Ø Under DBT second phase (to be
implemented from 01 July 2013) out of 78 Districts, we are lead district in six
districts , viz Cooch Behar (WB), Etawah (UP), Jalgaon (Maharashtra), Jabalpur
(MP), Koriya (Chattisgarh) and Kota (Rajasthan).
Ø Bank is in the forefront to implement
the coveted DBT project of the Government.
Ø Bank is APBS live since the first day
of national launch of DBT, ie on 01 January 2013. Bank has processed 20611 DBT
transfers using APBS amounting to Rs.2.08 crores.
Ø Bank is Aadhar Enabled Payment
System(AEPS) live and AEPS payments were made in Hoshangabad and Amravati.
ACHIEVEMENTS
Ø During the year Bank has added 847
ATMs to reach 2,529 ATMS concentrating in Tier II and Tier III towns.
Ø Share of Electronic transaction
increased from 13.37% to 30% of total transactions during the year.
Ø Debit Card base doubled from 21 lacs
to 42 lacs during the year.
Ø During the year Internet banking
customer base increased from 1.81 lacs to 6.02 lacs registering an impressive
growth of 233%.
Ø Direct Benefits Transfer successfully
implemented in 6 districts.
Ø Bank stood 2nd in mobilizing insurance
premium amongst all Bancassurance partners of LIC with Y-o-Y growth of 32%.
Bank has canvassed 1,49,668 policies with premium of Rs. 238 crores.
Ø Under general insurance business, Bank
has mobilized 1,89,956 policies with premium collection of Rs.83crore with
Y-o-Y growth of 38%.
Ø Bank has launched new cards viz. World
Credit Card, IDA Co – Branded Credit Card and Big Cinema Credit Card.
AWARDS /RECOGNITION
Ø Bank has been awarded with two
prestigious Skoch Gold Awards by Skoch Foundation during 2012-13
i. Innovative Urban Financial
Inclusion
ii. Reaching Last Mile
Ø “Certificate of Excellence” in
establishing of “RSETI” (Rural Self Employment Training Institute” across the
country during 2011-12
Ø “Outstanding Leadership Award” at the
Institute of Public Enterprise Banking Financial Services & Insurance,
Hyderabad.
Ø “Golden Peacock HR Excellence
Award-2012” for best HR practices.
Ø “Best HR Strategies & Innovation
in Employee Retention Strategies” conferred by Greentech Foundation.
Ø “Outlook Money Award 2012” for Runner
up in Best Housing & Education Loan Provider.
Ø Bank has been awarded 4th Best PSU
Bank in India under “Brand Equity- Top 100 Most Trusted Brand.
Ø ZEE Brand Excellence Award in BFSI.
Ø Ranking of our Bank has improved by 61
notches, moving up from 390 in 2011 to 329 in 2012 in the List of “Top 500
Banking Brands 2012’.
Ø Our Big Cinema credit card won best
entry award in co–branded cards category at the recent Master Card Innovation
awards at Kovallam, Kerala.
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