CENTRAL BANK OF INDIA Q2 RESULTS

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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



CENTRAL BANK OF INDIA’S RESULTS FOR THE 2ND QUARTER ENDED
SEPTEMBER 30, 2015



Major Highlights –Q2 FY 2015-16(Rs.in crores)
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Total Business
4,63,347
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Total Deposits
2,68,753
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Total Core Deposits
2,52,674
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Gross Advances
1,94,594
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Net Profit
113

PERFORMANCE HIGHLIGHTS
v  Total Income increased to Rs.7,104 crore from Rs.7,021 crore in September 2014 recording Y-o-Y growth of 1.18  %.
v  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.
v  NIM improved from 2.85 % in September 2014 to 2.91% in September 2015.
v  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.
v  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.
v  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%.
v  Gross NPA stood at Rs.13,358 crore as on September 2015. 
v  Gross NPA to Gross Advances stood at 6.86 % as on September 2015.
v  Net NPA to Net Advances stood at 3.83% as on September 2015 as against 3.38% in September 2014 .
v  Provision Coverage Ratio has improved from 55.02 % to 57.61 % on Y-o-Y basis.
v  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
v  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 %.
v  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 %.
v  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 %.
v  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.
v  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 %.
v  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.  
v  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.  
v  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.
v  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.
v  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.
               

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