Tuesday, May 6, 2014

Mr.V.Kannan,CMD of the bank addressing the media.
Performance as on FY 2014.

Rs.2,00,000 crores business mix.

Deposits Up by 28%.
Advances Up by 17%.
Total Income Up by 13%.

Provision Coverage ratio at 64.05%.

Total deposits: Rs.1,24,296 crores
Total advances; Rs.82,425 crores.
Operating Profit reduced to Rs.1104 crores from Rs.1122 crores(FY 13).Net profit reduced to Rs.416 crores from Rs.585 crores (FY 13).
Gross NPA is at 2.41% against 2.17% in FY 2013.
Net NPA  is at 1.55% against 1.30% in FY 2013.
Total number of branches increased to 1512 .
Total number of ATM's reached 1528.
The bank opened 153 branches during the year (FY 14).
The Central government's holding has  increased to 74.06% from 55.02% due to
conversion of perpetual Non Cumulative Preference share capital aggregating to
Rs.1200 crores held by Govt.of India into equity capital at a premium of Rs.29.39
per share with face value of Rs.10/- each to improve the common equity Tier I capital.

The Board of directors of the bank approved dividend of 20%(10% interim & 10%Final).


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