Tuesday, May 6, 2014

HIGHLIGHTS OF PERFORMANCE FY 2014.

Total  deposits : Rs.4,20,723 crores.
Total Advances:Rs.3,01,067 crores.
 Total Business: Rs.7.22 lakh crores.
Operating profit up by 15.4% to Rs.6796 crores.
Net profit for FY 2014 is Rs.2438 crores against Rs.2872 crores in FY 2013.
Capital Adequacy Ratio as per Basel III norms stood at 10.63%(against mandatory
requirement of 9%).
Gross NPA ratio at 2.49% against 2.57%(FY 2013)
Net NPA  ratio at 1.98% against 2.18%  (FY 2013).
Bank's Board of Directors approves final dividend of 45% taking the total to 110%.
GOALS FOR 2015.
# Plans to take the number of branches to 6000 from 4755.
# Number of ATM's to 10,000 from 6312.
# Opening a branch  at Johannesburg (S.Africa) in May,2014.
# Opening a branch at New York (USA) in June,2014.
# Plans to open 8 new branches overseas by March,2015.
# To improve NIM to 2.50% from 2.27%
#  M/s KPMG Advisory services Ltd., appointed for comprehensive
    assessment & to draw roadmap for the bank's subsidiaries/Associates.

To a question about the status of merger of Amanath cooperative bank with 
Canara bank,the Chairman said,they have obtained approvals from Central/
state governments and is awaiting RBI permission and also Court's approval.




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