Saturday, 2 February 2013

Indian Overseas Bank records a growth of 14 % this Quarter



1. TOTAL BUSINESS: Total Business grew from Rs. 2,99,555 crore as on 31.12.2011 to                    Rs. 3,43,186 crore as on 31.12.2012 recording a year on year growth of  14.57 %.

2.  DEPOSITS: Total Deposits grew from Rs. 1,67,006 crore as on 31.12.2011 to                                Rs.  1,85,573 crore as on 31.12.2012 recording a year on year growth of 11.12%.

3. ADVANCES: Total Gross Advances increased from Rs. 1,32,549 crore as on 31.12.2011 to Rs. 1,57,613 crore as on 31.12.2012 registering a year on year growth of 18.91%.

4. OPERATING PROFIT: Operating Profit for 9 months ended 31st December 2012 increased by 5.49% to `. 2670.86 crore from Rs. 2,531.79 crore of the corresponding period of the previous year.   

5. NET PROFIT: Net Profit for 9 months ended 31.12.2012 stood at Rs.508.36 crore as against Rs. 521.31 crore for the  corresponding period of  the previous year and   marginally decreasing by 2.48%.

6. TOTAL INCOME: Total income of Q3 (2012-13) increased to Rs. 5,846.98 crore from Rs. 5,007.14crore for the corresponding quarter of the previous year (2011-12) registering a growth of 16.77%.

7. INTEREST INCOME: Interest income of Q3 (2012-13) increased to Rs. 5,333.14 crore from Rs. 4,596.08 crore for the corresponding quarter of the previous year (2011-12) registering a growth of 16.04%.

8. NON INTEREST INCOME: Non interest income of Q3 (2012-13) increased to           `. 513.84 crore from ` 411.06 crore for the corresponding quarter of the previous year (2011-12) registering a growth of  25%.
9. INTEREST EXPENSES:  Interest Expenses for the quarter ended 31.12.2012 stood at     Rs. 3,951.59  crore as against Rs. 3,374.50 crore for the corresponding quarter of the previous year (2011-12).

10. NET INTEREST INCOME: Net interest income increased to Rs. 1,381 crore for Q3 of 2012-13 from `1,221 crore of the corresponding quarter of the previous year (2011-12).

11. CAPITAL ADEQUACY RATIO (CRAR): 


Basel I
Basel II

Tier I

                    6.78%

7.33%

Tier II

    4.00%

4.32%
Total
   10.78%
11.65%
Total Capital funds of the Bank stands at `. 17,219.94 crore as on 31.12.2012 as against  ` 15,137.30 crore as on 31.12.2011. The increase in capital fund is due to infusion of capital to the extent of `. 1743 crore from Govt. of India and LIC of India and addition of net profit for the year 2011-12.

12. BUSINESS PER EMPLOYEE: As on 31st December 2012, business per employee has improved to `. 12.17 crore as against ` 11.55 crore as at 31st December 2011.

13. CREDIT DEPOSIT RATIO: CD ratio is at  84.93% as on 31.12.2012 as against 79.37% as on 31.12.2011.

14. CASA RATIO: CASA ratio stood at 24.97% as on 31.12.2012.

15. BOOK VALUE PER SHARE: Book value per share is  Rs. 127.25 as on 31.12.2012 as against  Rs. 124.90 as on 31.12.2011.

16. EARNINGS PER SHARE: EPS for the quarter ended 31.12.2012 stood at Rs. 5.85 (annualized).
  
17. NPA Management: Gross NPA as on 31.12.2012 stood at  `. 6,516.00 crore and Net NPA as on 31.12.2012 stood at Rs. 3,595 crore.

We give below the sector wise break up of Gross NPA (Domestic – Rs. 5909.17 crore) as on 31.12.2012. 

Category
NPA  (Rs in Crore)
% to total Domestic NPA
Agriculture
794.82
13.45
Industry
2848.48
48.21
Services
1664.67
28.17
Personal
358.85
6.07
Others
242.35
4.10
Total  - Domestic  NPA
5909.17
100.00
Overseas NPA
606.40

Grand Total
6515.57


18. PROVISION COVERAGE RATIO: Provision Coverage Ratio (PCR) stood at 59%. as on 31.12.2012.

19. Net Interest Margin:  Net interest Margin for the quarter ended 31.12.2012 stood at 2.51% as  against 2.33% for the previous quarter ended 30.09.2012.

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