Central Bank Of India : BANK’S RESULTS FOR THE SECOND QUARTER ENDED SEPTEMBER 30, 2015
November 19, 2015 at 07:09 am
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CO:PRO:2005:08:
CO:PRO:2015-16:11:PRESS: 46 9th November, 2015
PRESS RELEASE
B ANK 'S RESU LT S F O R T H E SECO N D QU ART ER ENDED SEPTEMBER 30, 2015
Major Highlights -Q2 FY 2015-16
(Rs.in crores)
Total Business
4,63,347
Total Deposits
2,68,753
Total Core Deposits
2,52,674
Gross Advances
1,94,594
Net Profit
113
PERFORMANCE HIGHLIGHTS
Total Income increased to Rs.7,104 crore from Rs.7,021 crore in September 2014 recording Y-o-Y growth of 1.18 %.
Total Interest Income registered a growth of 0.20% from Rs. 6,618 crore in Q2 FY 2014-15 to Rs.6,631 crore in Q2 FY 2015-16 on Y-o-Y basis.
NIM improved from 2.85 % in September 2014 to 2.91% in September 2015.
Operating Profit of the Bank registered a growth of 0.24% to Rs.848 crore in Q2 FY 2015-16 from Rs. 846 crore in Q2 FY 2014-15 on Y-o-Y basis.
Bank registered Net Profit of Rs.113 crore in Q2 FY 2015-16 as compared to Net Profit of Rs.103 crore in Q2 FY 2014-15 during corresponding period of previous year.
Net Interest Income has increased to Rs.1,913 crore from Rs.1,827 crore in September 2014, recording Y- o-Y growth of 4.71%.
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Gross NPA stood at Rs.13,358 crore as on September 2015.
Gross NPA to Gross Advances stood at 6.86 % as on September 2015.
Net NPA to Net Advances stood at 3.83% as on September 2015 as against 3.38% in September 2014 .
Provision Coverage Ratio has improved from 55.02 % to 57.61 % on Y-o-Y basis.
CRAR under BASEL II is at 11.48 % with Tier I at 8.19 % whereas CRAR under BASEL III is 10.70 % with Tier I at 7.72 %.
BUSINESS HIGHLIGHTS
Total Business of the Bank increased to Rs.4,63,347 crore from Rs.4,33,808 crore in September 2014, recording Y-o-Y growth of 6.81 %.
Total Deposits of the Bank increased to Rs.2,68,753 crore from Rs.2,47,489 crore in September 2014, recording Y-o-Y growth of 8.59 %.
Core Deposits increased to Rs.2,52,674 crore from Rs.2,06,943 crore in September 2014,recording Y-o-Y growth of 22.10 %.
CASA increased to Rs.93,198 crore from Rs.80,758 crore in September 2014, recording Y-o-Y growth of
15.40 %. Share of CASA in total deposits stood at 34.68 % as against 32.63 % in September 2014.
Total Advances stood at Rs.1,94,594 crore against Rs.1,86,319 crore in September 2014, recording Y-o-Y growth of 4.44 %.
Agriculture Advances increased by 9.49 % to Rs.36,500 crore in Q2 FY 2015-16 from Rs. 33,336 crore in Q2 FY 2014-15.
MSE Advances registered a growth of 16.39 % to Rs.26,719 crore in Q2 FY 2015-16 from Rs. 22,957 crore in Q2 FY 2014-15.
Retail Advances increased by 12.97 % to Rs.34,173 crore in Q2 FY 2015-16 from Rs. 30,250 crore in Q2 FY 2014-15.
Housing Loan portfolio of the Bank registered Y-o-Y growth of 20.92 % to Rs.14,951 crore in Q2 2015- 16 from Rs. 12,364 crore of corresponding quarter Q2 2014-15.
Education Loan portfolio of the Bank registered Y-o-Y growth of 13.92 % to Rs. 3,674 crore in Q2 2015- 16 from Rs. 3,225 crore of corresponding quarter Q2 2014-15.
Photo Narration:
Shri Rajeev Rishi, Chairman & Managing Director, Central Bank of India announced the financial results for the quarter ended September 2015. On his left Shri R.K. Goyal and to his right Shri B K Divakara and Dr R C Lodha, Executive Directors of the Bank were also present.
Central Bank of India Limited is an India-based commercial bank. The Company offers various banking services, including digital banking; deposits; retail loans; agriculture; services for micro, small and medium enterprises; corporate loans; services for non-resident Indians; services for pensioners. Its digital banking services include Internet banking, mobile banking, Cent M-Passbook, debit cards, credit cards, missed call facility, railways ticket booking, automated teller machine and point of sale machine. Its deposits services include savings bank accounts, current accounts, time deposits, recurring deposit scheme, small saving scheme and interest rate on deposits. Its Retail Banking services include housing loans, vehicle loans, education loans, personal/gold loans, loans to senior citizens, and loan against property-personal needs. Its agriculture services include Central Kisan Credit Card, Sent Agri Gold Loan Scheme, Sent SHG Bank Linkage Scheme, and CENT AGRI INFRA Scheme.