CO:PRO:2005:08:



CO:PRO:2015-16:11:PRESS: 46 9th November, 2015


PRESS RELEASE

B ANK 'S RESU LT S F O R T H E SECO N D QU ART ER ENDED SEPTEMBER 30, 2015


Major Highlights -Q2 FY 2015-16


(Rs.in crores)

Total Business

4,63,347

Total Deposits

2,68,753

Total Core Deposits

2,52,674

Gross Advances

1,94,594

Net Profit

113


PERFORMANCE HIGHLIGHTS


  • Total Income increased to Rs.7,104 crore from Rs.7,021 crore in September 2014 recording Y-o-Y growth of 1.18 %.


  • Total Interest Income registered a growth of 0.20% from Rs. 6,618 crore in Q2 FY 2014-15 to Rs.6,631 crore in Q2 FY 2015-16 on Y-o-Y basis.


  • NIM improved from 2.85 % in September 2014 to 2.91% in September 2015.


  • Operating Profit of the Bank registered a growth of 0.24% to Rs.848 crore in Q2 FY 2015-16 from Rs. 846 crore in Q2 FY 2014-15 on Y-o-Y basis.


  • Bank registered Net Profit of Rs.113 crore in Q2 FY 2015-16 as compared to Net Profit of Rs.103 crore in Q2 FY 2014-15 during corresponding period of previous year.


  • Net Interest Income has increased to Rs.1,913 crore from Rs.1,827 crore in September 2014, recording Y- o-Y growth of 4.71%.


    ….2



    : 2 :


  • Gross NPA stood at Rs.13,358 crore as on September 2015.


  • Gross NPA to Gross Advances stood at 6.86 % as on September 2015.


  • Net NPA to Net Advances stood at 3.83% as on September 2015 as against 3.38% in September 2014 .


  • Provision Coverage Ratio has improved from 55.02 % to 57.61 % on Y-o-Y basis.


  • CRAR under BASEL II is at 11.48 % with Tier I at 8.19 % whereas CRAR under BASEL III is 10.70 % with Tier I at 7.72 %.


    BUSINESS HIGHLIGHTS


  • Total Business of the Bank increased to Rs.4,63,347 crore from Rs.4,33,808 crore in September 2014, recording Y-o-Y growth of 6.81 %.


  • Total Deposits of the Bank increased to Rs.2,68,753 crore from Rs.2,47,489 crore in September 2014, recording Y-o-Y growth of 8.59 %.


  • Core Deposits increased to Rs.2,52,674 crore from Rs.2,06,943 crore in September 2014,recording Y-o-Y growth of 22.10 %.


  • CASA increased to Rs.93,198 crore from Rs.80,758 crore in September 2014, recording Y-o-Y growth of

    15.40 %. Share of CASA in total deposits stood at 34.68 % as against 32.63 % in September 2014.


  • Total Advances stood at Rs.1,94,594 crore against Rs.1,86,319 crore in September 2014, recording Y-o-Y growth of 4.44 %.


  • Agriculture Advances increased by 9.49 % to Rs.36,500 crore in Q2 FY 2015-16 from Rs. 33,336 crore in Q2 FY 2014-15.


  • MSE Advances registered a growth of 16.39 % to Rs.26,719 crore in Q2 FY 2015-16 from Rs. 22,957 crore in Q2 FY 2014-15.


  • Retail Advances increased by 12.97 % to Rs.34,173 crore in Q2 FY 2015-16 from Rs. 30,250 crore in Q2 FY 2014-15.


  • Housing Loan portfolio of the Bank registered Y-o-Y growth of 20.92 % to Rs.14,951 crore in Q2 2015- 16 from Rs. 12,364 crore of corresponding quarter Q2 2014-15.


  • Education Loan portfolio of the Bank registered Y-o-Y growth of 13.92 % to Rs. 3,674 crore in Q2 2015- 16 from Rs. 3,225 crore of corresponding quarter Q2 2014-15.



Photo Narration: Shri Rajeev Rishi, Chairman & Managing Director, Central Bank of India announced the financial results for the quarter ended September 2015. On his left Shri R.K. Goyal and to his right Shri B K Divakara and Dr R C Lodha, Executive Directors of the Bank were also present.


********

distributed by