OREANDA-NEWS. Central Bank of India announced results for Q1 ended June 30, 2013.

Major Highlights Q1 FY14

Y-o-Y growth

Total Business

Rs. 405383 crore

15.42%

Total Deposits

Rs. 230760 crore

17.15%

Advances

Rs. 174623 crore

13.21%

Operating Profit

Rs. 1000 crore

26.10%

Net Profit

Rs. 22 crore

PERFORMANCE HIGHLIGHTS

Total Income has registered a growth of 14.54% from Rs. 5625 crore to Rs. 6443 crore on y-o-y basis.

Other income increased by Rs. 276 crore registering a growth of 85.71% on y-o-y basis.

Total Interest Income registered a growth of 10.22% from Rs. 5303 crore to Rs. 5845 crore on y-o-y basis.

Net Interest Margin has improved to 2.68% for the quarter ended June 2013 as compared to 2.64% of June 2012 on y-o-y basis.

Net Interest Income of the Bank registered a growth of 11.54% from Rs. 1378 crore to Rs. 1537 crore on y-o-y basis.

Non Interest Income of the Bank registered a growth of 85.71% from Rs. 322 crore to Rs. 598 crore on y-o-y basis.

Operating Profit of the Bank stood at Rs. 1000 crore as on June 30, 2013 as compared to Rs. 793 crore as on June 30, 2012 registering a growth of 26.10% on y-o-y basis.

Bank recorded Net Profit of Rs. 22 crore as on June 30, 2013 as compared to Rs. 336 crore as on June 30, 2012.

Gross NPA to Gross Advances increased to 6.03% from 4.87% on y-o-y basis.

Net NPA to Net Advances increased from 3.22% to 3.85% on y-o-y basis.

Average Business per Employee increased to Rs. 983 lacs in June 2013 from Rs. 947 lacs in June 2012.

BUSINESS HIGHLIGHTS

Total Business of the Bank increased to Rs. 405383 crore as at June 2013 compared to Rs. 351221 crore as at June 2012 registering y-o-y growth of 15.42%.

Total Deposits reached to Rs. 230760 crore in June 2013 from Rs. 196977 crore as at June 2012 showing a y-o-y growth of 17.15 %.

CASA percentage was 32.14% in June 2013 as against 32.89% in June 2012.

Gross Advances of the Bank grew by Rs. 20379 crore i.e. to Rs. 174623 crore in June 2013 from Rs. 154244 crore in June 2012 registering a y-o-y growth of 13.21%.

Agriculture Advances increased by 28.60% to Rs. 25452 crore in June 2013 from Rs. 19782 crore in June 2012.

MSE Advances registered y-o-y growth of 26.87% to Rs. 17459 crore in June 2013 from Rs. 13761 crore in June 2012.

Retail Loans showed substantial growth of 34.39% on y-o-y basis to Rs. 23280 crore from Rs. 17323 crore.

Housing Loan portfolio of the Bank stands Rs 8315 crore consisting of 34.83% of the total Retail Portfolio.

Education Loan portfolio of the Bank registered y-o-y growth of 17.82% to Rs. 2678 crore in June 2013 from Rs. 2273 crore of corresponding quarter.

Cent Personal Gold Loan was at Rs. 922 crore as on June 2013 against Rs. 409 crore of June 2012 registering growth of 125.43%.

Bank stood first among all channel partners of Life Insurance Corporation of India in Bancassurance.

The Credit Deposit Ratio has moved from 78.30% to 75.67% on y-o-y basis.