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, 2016 along with major initiatives taken.
The Bank’s total business at the end of FY 2016 was Rs. 52,946.59 Crores, with a growth rate of 17.70% on year-on-year basis. The Bank’s deposits recorded a growth rate of 18.40% during the year by reaching Rs. 30,368.88 Crores. CASA has increased from Rs. 5,037.16 Crores to Rs. 5,891.68 Crores with a growth of 16.96%. The Bank’s total advances crossed Rs. 22,577.71 Crores and registered a growth rate of 16.77%.
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. 9,564 Crores to Rs. 11,977 Crores with a growth rate of 25.23% and was 60.77% of ANBC as against the RBI mandated minimum requirement of 40%. The Advances to Agriculture sector has increased from Rs. 2,107.68 Crores to Rs. 3,764.61 Crores with a growth rate of 78.61%. The Advances to Agriculture Sector constitute 19.10% of total advances, which is higher than the regulatory requirement of 18%. Credit to MSME sector has increased from Rs. 6,385.34 Crores to Rs. 7,752.79 Crores with the growth rate of 21.42%.
The Gross NPA was at 1.86% of total advances and Net NPA was at 0.89% of total advances.
Interest Income during the year has increased from the level of Rs. 2,835.53 Crores to Rs. 3,252.17 Crores at 14.69%. The Other Incomes were to the tune of Rs. 318.44 Crores. The Interest Expenditure has increased from the level of Rs. 1,952.11 Crores to Rs. 2,208.16 Crores.
The Operating Profit is Rs. 725.49 Crores and the Net Profit for the year is Rs. 402.16 Crores. The Net Interest Income (NII) increased from Rs. 883.42 Crores to Rs. 1044.01 Crores at 18.18%. The per-employee business is Rs. 12.48 Crores and the profit per employee is Rs. 9.48 Lakhs.
The Capital to Risk weighted Assets Ratio (CRAR) as on 31st March 2016 was 12.76%. An interim dividend of Rs. 1,400 per share (14,000%) was declared on Mar 17, 2016. The Book Value per Share has increased to Rs. 1,03,656.00 from Rs. 91,203.00 last year.
We have added 57 branches and 135 ATMs during the last financial year. The Bank has geographical presence in 15 states and 4 Union Territories. 7 e-lobbies were opened in Chennai (2 Locations), Guntur, Tiruchirapalli, Madurai, Thoothukudi and Thane. Two Central Retail Asset Processing Cell were opened. As on March 31, 2016, the Bank’s network was at 487 branches and 1015 ATMs. We serve more than 3.4 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.
H.S. Upendra Kamath
Managing Director & CEO
[ CEO Message as narrated on Jun 09, 2015 ]
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* Some of the proposed initiatives are subject to appropriate approvals.