Dear Our Valued Customer,
I welcome you to our website. It is a great pleasure for me to place before you, our financial results for the year ended Mar 31, 2017 along with major initiatives taken.
The Bank’s total business at the end of FY 2017 was Rs. 54,162.47 Crores, with a growth rate of 2.30% on year-on-year basis. The Bank’s deposits recorded a growth rate of 6.00% during the year by reaching Rs. 32,190.15 Crores. CASA has increased from Rs. 5,891.68 Crores to Rs. 7,478.54 Crores with a growth of 26.93%. The Bank’s total advances crossed Rs. 21,972.32 Crores.
The Bank has been giving continued thrust on advances to Priority Sectors like Agriculture, MSME, Education, Housing etc. Advances to Priority sector has increased from Rs. 11,976.95 Crores to Rs. 12,960.75 Crores with a growth rate of 8.21% and was 55.25% of ANBC as against the RBI mandated minimum requirement of 40%. The Advances to Agriculture sector has increased from Rs. 3,764.61 Crores to Rs. 4,330.39 Crores. The Advances to Agriculture Sector constitute 18.46% of total advances, which is higher than the regulatory requirement of 18%. Credit to MSME sector has increased from Rs. 7,041.57 Crores to Rs. 7,559.55 Crores with the growth rate of 7.36%.
The Gross NPA was at 2.91% of total advances and Net NPA was at 1.74% of total advances.
Interest Income during the year has increased from the level of Rs. 3,252.17 Crores to Rs. 3,380.96 Crores at 3.96%. The Other Incomes were to the tune of Rs. 430.39 Crores. The Interest Expenditure has increased from the level of Rs. 2,208.16 Crores to Rs. 2,230.15 Crores.
The Operating Profit is Rs. 875.63 Crores and the Net Profit for the year is Rs. 316.66 Crores. The Net Interest Income (NII) increased from Rs. 1,044.01 Crores to Rs. 1,150.81 Crores at 10.23%.
The Capital to Risk weighted Assets Ratio (CRAR) as on 31st March 2017 was 14.02%. The Book Value per Share stood at Rs. 226.23 and the face value of the share is Rs. 10.00
We have added 18 branches and 48 ATMs during the last financial year. The Bank has geographical presence in 16 states and 4 Union Territories. 5 e-lobbies were opened, 2 Central Retail Asset Processing Cell were opened in Coimbatore & Chennai, 2 Regional Offices were opened in Ahmedabad & Salem. As on March 31, 2017, the Bank’s network was at 505 branches and 1063 ATMs. We serve more than 3.6 million delighted customers.
Our website provides a wealth of information about the Bank’s products and services. Thank you for sparing your valuable time to visit our Bank’s website.
We look forward to building a long lasting partnership with you and your family.
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