Central Bank of India: Property exhibitions were arranged for housing loans..!

Central Bank of India:

 RESULTS FOR THE THIRD QUARTER ENDED DECEMBER 31, 2012

            PERFORMANCE HIGHLIGHTS

• Total Income has registered a growth of 14.12 %, from Rs. 5099 crore to Rs. 5819 crore on y-o-y basis.

•Total Interest Income registered a growth of 15.18 % from Rs. 4742 crore to Rs. 5462 crore on y-o-y basis.

•Net Interest Income of the Bank registered a growth of 19.59 % from Rs. 1179 crore to Rs. 1410 crore on y-o-y basis.

•Non Interest Income of the Bank has remained unchanged at Rs. 357 crores.

Central Bank of India Chennai press meet

•Operating Profit of the Bank stood at Rs. 779 crore as on Dec 31, 2012 as compared to  Rs. 614 crore as on Dec 31, 2011 on y-o-y basis. 

•Bank recorded Net Profit of Rs. 180 crore as on Dec 31, 2012 as compared to Rs. 113 crore as on Dec 31, 2011, registering y-o-y growth of 59.29 %.

• Restructured Assets as on Dec, 2012 is of Rs. 22,182 crore as compared to Rs.21,199 of previous quarter as on Sep, 2012.

• Government of India (GoI) has approved infusion of additional equity capital of           Rs. 2406/- crore by way of issue of equity shares to GoI on preferential basis during Quarter ended 31st March 2013.

• Average Business per Employee increased to Rs. 996 lakh in Dec 2012 from Rs. 844 lakh in Dec 2011.

•Gross NPA to Gross Advances increased marginally by 0.10 % to 5.64 % as on 31st Dec 2012 from 5.54 % of previous quarter as on 30 th Sep, 2012. However, Net NPA to Net Advances decreased by 0.01 % to 3.79 % as on 31st Dec, 2012 from 3.80 % of previous quarter as on 30th Sep, 2012. 

BUSINESS HIGHLIGHTS..!

• Total Business of the Bank increased to Rs. 3,70,695 crore as at Dec 2012 compared to Rs.3,21,543 crore as at Dec 2011, registering y-o-y growth of 15.29 %.

• Total Deposits grew by 12.74 % on Y-o-Y to Rs.2,12,201 crore from Rs. 1,88,226 crore in Dec-11 whereas Core Deposits grew by 22.76,% Y-o-Y.   

• CASA Deposits increased to Rs.67,999 crore as of Dec,2012 compared to Rs. 61,080 crore as of Dec,2011, registering Y-o-Y growth of 11.33 %.

•Gross Advances of the Bank grew by Rs. 25,117 crore i.e. to Rs. 1.58.494 crore in Dec 2012 from Rs. 1.33.317 crore in Dec 2011, registering a Y-o-Y growth of 18.89.%.

•.Agriculture Advances increased by 24.05.% to Rs. 19.378 crore in Dec 2012 from Rs. 15.621 crore in Dec 2011.  

• MSE Advances registered y-o-y growth of 24.93 % to Rs. 15.553 crore in Dec, 2012 from Rs.12.449 crore of corresponding quarter.  

• Retail Loans showed substantial growth of 30.74.% on y-o-y basis to Rs. 19,710 crore from Rs.15,076 crore. 

• Housing Loan portfolio of the Bank stands at Rs. 7,042 crore consisting of 35.73 % of the total Retail Portfolio.

• Education Loan portfolio of the Bank registered y-o-y growth of 25.70 % to Rs. 2,568 crore in Dec, 2012 from Rs.2,043 crore of corresponding quarter.  

• The Credit Deposit Ratio has moved from 70.83 % to 74.69 % on y-o-y basis.

NEW INITIATIVES..!

v Central Bank of India launched premium variants of current account for convenience of different segment of customers.

v Launched net banking facility in  “Cash Credit” accounts.

v Opened 15 Retail Asset Branches (RABs) all over India.

v Property exhibitions were arranged in Metro’s and Tier II cities across the country which resulted into substantial leads for housing loans.

v Bank has launched “Aadhar” and Non-”Aadhar” based  inter operable Kisan Credit Cards under RuPay platform.

v Launched multi utility portal for collection of school & college fee.

v Also launched Money Changer Counter at Amritsar International Airport and at New Delhi Railway Station.

       

ACHIEVEMENTS..!

v Bank crossed the milestone of 2000 ATMs during the quarter.

v E-transaction of the Bank has rapidly grown from 13 % to 25 %.

v Bank crossed  35 lakh debit card base in the quarter.

v Number of transactions in FI accounts increased by 298 % over 2011-12.

v Bank stood first position in mobilizing highest premium amongst all Bancassurance partners of LIC of India with Y-o-Y growth of 46 % as against 4 % negative growth  in industry.

v Bank has recorded 46 % growth in general insurance business as against industry growth of 11 %.

AWARDS..!

* Bank is 4th most Trusted Brand among PSU Banks and 14th among top 50 Service Brands as per Economic Times Brand Equity- Most Trusted Brands, 2012.

* Bank Received “Golden Skoch” award for financial inclusion : Project-Reaching last mile.

 * Bank has also received “The Outlook Money Awards 2012” consecutively for 2nd year for Housing and Education Loan product.

* Bank has also received Greentech CSR Award for its active role in CSR activities towards the upliftment of the poor and providing help to needy and weaker sections of the society at Pan-India level.

* Bank has further received  “Finoviti Award” from “Business Frontier” for innovation in Banking Products namely miss call alert & customized statement of account

Contact:

Central Bank of India

Muralidharan - Public Relations Officer

Email: rsnmurali65@gmail.com

Share: