CO:PRO:2017:02:PRESS:47 4thFebruary, 2017
PRESS RELEASE
Major Highlights -Q3 FY 2016-17
(Rs.in crores)
| Total Business | Rs 4,81,801 crore | 4.91% |
| Total Deposits | Rs 2,98,972 crore | 13.70% |
| Advances | Rs 1,82,829 crore | -6.88% |
| Non Interest Income | Rs 724 crore | 47.45% |
| CASA | Rs 1,21,845 crore | 34.75% |
| CASA % | 40.75% | |
| PCR | 54.95% | |
| Operating Profit | Rs 582 crore | |
| NIM | 2.27% |
Total Income s tood at Rs. 6788 crore (inclusive Interest Income of Rs. 6064 crore) as on December 31, 2016 .
Non Interest Income of the Bank registered a growth of 47. 45% from Rs. 491 crore to Rs. 724 crore on y- o-y basis.
Operating Profit of the Bank stood at Rs. 582 crore for the quarter ended December 31, 2016 as compared to Rs. 661 crore for the corresponding quarter on y-o- y basis.
Net Loss reduced to Rs. 606 crore for the quarter ended December 31, 2016 as against the Net Loss of Rs. 837 crore for the corresponding quarter on y-o-y basis ( Net Loss down by 28 % ↓).
ASSET QUALITY:Gross NPA to Gross Advances marginally increased to 14.14 % as on December 31, 2016 from 13.70 % as on September 30, 2016 .
Net NPA to Net Advances marginally increased to 8.54 % as on December 31, 2016 from
8.17 % as on September 30, 2016 .
Provision Coverage Ratio improved to 54.95% as on December 31, 2016 from 52.95
% as on December 31 , 2015 .
BUSINESS HIGHLIGHTS:Total Business of the Bank increased to Rs. 481801 crore as at December 2016 compared to Rs. 459266 crore as at December 2015, registering y -o-y growth of 4.91 %.
Total Deposits reached to Rs. 298972 crore in December 2016 from Rs. 262937 crore as at December, 2015 showing a y -o-y growth of 13. 70 %.
CASA percentage improved to 40.75 % in December 201 6 as against 34.39 % in December 2015.
Gross Advances of the Bank stood at Rs. 182829 crore in December 2016 as against Rs. 196329 crore in December 2015 .
Priority Sector portfolio increased f rom Rs. 81,932 crore as of December 31, 2015 to Rs. 84,445 crore as of December 31, 2016. Priority sector advances as a percentage of ANBC as of December 31, 2016 s tood at 41. 86%.
Agriculture Advances increased by 6.05 % to Rs. 38129 crore in December, 2016 from Rs. 35955 crore in December 2015 .
MSME Advances registered y-o-y growth of 1. 66 % to Rs. 32338 crore in December, 2016 from Rs. 31809 crore in December 2015 .
Retail Loans showed substantial growth of 8.25 % on y -o-y basis to Rs. 39913 crore from Rs. 36871 crore.
Housing Loan portfolio of the Bank stood at Rs. 17463 crore consti tuting 43.75 % of the total Retail Portfolio.
Capital Adequacy Ratio (CRAR) as per Basel III stood at 9.99 % as on December 31 , 2016, of which, Tier I capital stood at 7 .87 % and CET 1 at 7.70 %.
Bank' s Net worth stood at Rs. 14,624.60 crore as on December 31, 2016 .
DIGITAL BANKING:Bank is having total 5319 ATMs as on December 31, 2016 including 17 ATMs installed during the quarter ended December 31, 2016 .
Bank recorded sizable increase in transactions t hrough Alternate channels (ATM, Mobile banking and Net banking) which reached to 344.33 Lakhs (45.09%).
Bank registered manifold increase in demand for new Debit Cards from a monthly average of 1,60,000 to 3 ,16,000 .
Bank also witnessed significant incr ease in Po S/e-com transactions from around 45,000 to 1,35 ,000 t ransactions per day.
Registration for Net Banking & Mobile Banking increased by 79,000 and 1,25 ,000 respectively.
BRANCH SEGMENTATION:Bank is having pan India presence with network of 4736 branches spanning 64% in rural
& semi-urban areas, 3677 Ultra Small Branches and 5319 ATMs as on 31st December 2016.
DEMONETISATION :Bank registered 166.14 l akh deposit t ransactions aggregating to Rs. 49, 193.86 crore and 333.78 lakh withdrawal t ransactions aggregating to Rs. 22,795.28 crore. Bank witnessed 37.57 lakh customers having exchanged currency notes to the tune of Rs. 1331.02 crore.
Bank extended Benefits/ concessions such as - withdrawal any number of times through ATMs of any Bank free of cost upto 30.12.2016, Waiver of rent on PoS machines ti l l 31.03.2017 , Merchant discount rate (MDR) on all Debit/Credit cards ti l l 31.12.2016, Capping MDR on Debit cards at 0.75/1 .00% based on transaction value.
Effective popularization of di gi tal channels resulted in increase in registration for alternate channels by 8, 00,000 and transactions by about 45%.
Nariman Point, Mumbai - 400 021. |
AWARDS /RECOGNITION |
Bank was awarded " Rajbhasha Kirti Puraskaar'' second prize for i t' s best implementation of Official Language Policy of Government of India under the category of nationalized banks in l inguistic Region " B" for the year 2015 -16 in a gl i ttering function held on 14th September, 2016 ( Hindi Day) at Rashtrapati Bhawan, New Delhi. This Shield was given at the hands of Hon' ble President of India - Shri Pranab Mukherjee to Shri Rajeev Rishi, Chairman & Managing Director, Central Bank of India.
*******