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Audited Financial Results for the year ended 31st March 2009

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Audited. Financial. Results. for the year ended 31st March 2009 ... PS credit to NBC [%] 2794. Agriculture. 5302. Others. 8096. Priority Sec. Advance. 31.03.08 ... – PowerPoint PPT presentation

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Title: Audited Financial Results for the year ended 31st March 2009


1
Analyst Meet
Audited
Financial
Results
  • for the year ended 31st March 2009

2
KEY INDICATORS
Rs. Crore F.Y. F.Y. Growth Quarter Quarter Growth
Rs. Crore 2007-08 2008-09 Growth Mar08 Mar09 Growth
Total income 3154.02 3877.62 22.94 882.98 1035.83 17.31
Total expenses 2467.58 3151.26 27.71 664.05 848.07 27.71
Operating Profit 686.44 726.36 5.82 218.93 187.76 14.24
Exceptional items Exceptional items Exceptional items Exceptional items Exceptional items Exceptional items Exceptional items
Profit on sale of properties 29.95 0.00 29.95 0.00
Provision for wage revision 0.00 70.00 0.00 20.00
Business Operating Profit 656.49 796.36 21.30 188.98 207.77 9.95
Provisions 326.65 303.70 7.03 107.94 76.60 29.03
3
KEY INDICATORS
Rs. Crore F.Y. F.Y. Growth Quarter Quarter Growth
Rs. Crore 2007-08 2008-09 Growth Mar08 Mar09 Growth
Net Profit 359.79 422.66 17.47 110.99 111.17 0.15
Business Net Profit excl. exceptional items 329.84 492.66 49.36 81.04 131.17 61.86
EPS Rs. non annualized 12.54 14.74 3.87 3.88
Return on Assets Annualized - 1.06 1.02 1.21 1.00
4
KEY INDICATORS
Rs. Crore 31.03.08 31.03.09 Growth over Mar 08
Aggregate Deposits 32232.39 41405.12 28.46
Inter Bank Deposits 1710.79 1645.49 3.82
Total Deposits 33943.18 43050.61 26.83
Gross Advances 23381.16 29185.36 24.82
Investments 10334.98 12538.32 21.32
Gross NPA Ratio 2.45 2.13
Net NPA Ratio 0.94 1.09
CRAR Basel I 11.09 10.73
CRAR Basel II N.A 12.07
5
NET INTEREST INCOME
Rs. Crore Growth Quarter Quarter Growth
Rs. Crore 2007-08 2008-09 Growth Mar08 Mar09 Growth
Interest Income 2675.90 3447.50 28.84 730.24 895.79 22.67
Advances 1953.37 2565.98 31.36 545.22 668.24 22.56
Investment 691.90 828.13 19.69 176.67 220.04 24.55
Inter Bank 19.92 17.20 13.65 2.34 4.55 94.44
Others 10.71 36.19 237.91 6.01 2.96 50.75
Interest Expense 1817.14 2383.07 31.14 500.99 656.83 31.11
Deposits 1718.11 2255.90 31.30 471.35 624.14 32.42
Others 99.03 127.17 28.42 29.64 32.69 10.29
Net Interest income NII 858.76 1064.43 23.95 229.25 238.96 4.24
6
NON INTEREST INCOME
Rs. Crore Growth Quarter Quarter Growth
Rs. Crore 2007-08 2008-09 Growth Mar 08 Mar 09 Growth
Commission 120.94 132.31 9.40 34.69 37.53 8.19
Profit from Securities 90.02 54.32 39.66 8.48 22.01 159.55
Profit from sale of Properties / FF 29.95 0.00 30.24 0.62
Forex Exchange 42.03 43.86 4.35 7.48 9.58 28.07
Process fee 30.10 39.51 31.26 11.24 16.43 46.17
Incidental charges 11.38 26.09 129.26 3.69 21.78 490.24
Recovery in written off advances 114.29 100.24 12.29 43.23 27.54 36.29
Other Misc. 39.41 33.80 14.23 13.69 5.79 57.70
Total non interest income 478.12 430.13 10.04 152.74 140.04 8.31
7
OPERATING EXPENSES
Rs. Crore Growth Quarter Quarter Growth
Rs. Crore 2007-08 2008-09 Growth Mar 08 Mar 09 Growth
Staff Expenses 370.85 467.89 26.17 85.77 116.69 36.05
Insurance 33.75 38.47 13.99 8.53 9.98 17.00
Postage/Telephone 9.31 12.88 38.35 2.23 3.70 65.92
Printing/Stationery 10.34 9.94 3.87 2.61 1.80 0.81
Depreciation 29.45 26.84 8.86 8.26 6.49 21.43
Lighting 19.39 21.03 8.46 4.08 4.63 13.48
Rent Taxes 36.95 47.82 29.42 10.45 13.25 26.79
Advertising 9.47 11.21 18.37 4.39 3.40 22.55
Auditors Fees 7.64 7.45 2.49 2.33 2.32 0.43
Repairs/Maintenance 19.13 19.31 0.94 4.71 2.76 41.40
Core Banking Solution 35.65 33.06 7.27 10.00 6.50 35.00
Other Expenses 68.51 72.29 5.5 19.70 19.71 0.01
Total Expenses 650.44 768.19 18.10 163.06 191.23 17.28
8
PROVISION CONTINGENCIES
Rs. Crore Quarter Quarter
Rs. Crore Mar 08 Mar 09 Mar 08 Mar 09
Non Performing Loans 264.00 199.44 127.12 39.88
Tax expense 42.17 118.77 128.33 25.24
Investment Depreciation 27.58 21.05 30.15 12.83
Standard Assets 78.18 54.78 78.16 1.65
Other provisions 0.94 19.23 0.84 0.30
Total Provisions 326.65 303.70 107.94 76.60
9
RESOURCES
Rs. Crore 31.03.08 31.03.09 growth
Current Deposits 3015.97 3496.97 15.95
Savings Deposits 10239.19 11395.58 11.29
Term Deposits 18977.23 26512.57 39.71
Aggregate Deposits 32232.39 41405.12 28.46
CASA 41.13 35.97
Inter Bank Deposits 1710.79 1645.49 3.82
TOTAL DEPOSITS 33943.18 43050.61 26.83
Borrowing 394.61 52.13 86.79
10
RESOURCES
11
DEPLOYMENT
Rs. Crore 31.03.08 31.03.09 Growth over Mar 08
Gross Advances 23381 29185 24.82
Priority Sec. Advance 8096 9715 20.00
Agriculture 2794 3851 37.83
Others 5302 5864 10.60
PS credit to NBC 43.32 41.55
Retail Credit 4294 4424 3.03
S.M.E 3885 4775 22.91
CD Ratio 68.88 67.82
Gross investment 10335 12538 21.32
12
TREASURY
Rs. Crore 31.03.08 31.03.09 Growth over Mar 08
SLR Investments 8595.31 10075.80 17.22
Non-SLR Investments 1739.67 2462.52 41.55
Total Investments 10334.98 12538.32 21.32
Of which HFT 100.72 0.97 104.43 0.84 3.68
AFS 1612.26 15.60 2489.27 19.85 54.40
HTM 8622.00 83.43 9944.62 79.31 15.34
AFS / HFT Duration modified 3.39 2.86
Portfolio Duration modified 4.76 4.74
13
DEPLOYMENT
Rs. Crore Mar 08 Mar 09 Growth Growth
Rs. Crore Mar 08 Mar 09 y on y y on y
Net Advances 23024 28878 28878 25.43
Net Investments 10283 12473 12473 21.30
14
CAPITAL ADEQUACY
Rs. Crore 31.03.08 31.03.09
Tier I capital 1535.55 1780.97
Tier II capital 986.38 1398.53
Total capital funds 2521.93 3179.50
Total RWAs 22742.25 29645.48
CRAR Basel II N.A 12.07
CRAR Core Basel II N.A. 6.76
CRAR Basel I 11.09 10.73
CRAR Core Basel I 6.75 6.01
Net Worth 1410.55 1637.00
15
ASSET QUALITY
Rs. Crore 31.03.08 31.03.09
Gross NPA 572.60 620.77
Net NPA 215.43 313.38
Gross NPA Ratio 2.45 2.13
Net NPA Ratio 0.94 1.09
NPA Provision 347.62 299.65
Provision coverage 60.71 48.27
16
ASSET QUALITY
17
ASSET QUALITY
Rs. Crore Mar 08 FY Mar 09 FY Variation
Gross NPA
Opening Balance 744.48 572.60
Less
Cash recoveries 184.86 188.72 2.09
Upgradations 114.07 191.38 67.77
Write off 288.96 247.44 14.37
Total Reductions 587.89 627.54 6.74
Add
Slippage Debit Operations 416.01 675.71 62.43
Closing Balance 572.60 620.77
18
FINANCIAL RATIOS cost/yield
Quarter Quarter
Mar08 Mar09 Mar08 Mar09
Cost of Deposits 5.90 6.36 6.08 6.56
Cost of Funds 5.95 6.47 6.13 6.64
Yield on Advances 10.11 10.71 10.08 10.51
Yield on Investments with POSOI 7.74 7.50 7.58 7.59
Yield on Investments without POSOI 6.88 7.04 7.26 6.91
Yield on Funds 8.22 8.76 8.35 8.36
19
FINANCIAL RATIOS
Quarter Quarter
Mar08 Mar09 Mar08 Mar09
Int. Income as age to avg. working funds 7.97 8.33 8.04 8.04
Non Int. Income as age to avg working funds 1.31 1.04 1.56 1.26
Int. spread as age to avg working funds (NII/Avg. Gross Assets) 2.63 2.57 2.59 2.14
Operating Profit as age to avg working funds 2.02 1.76 2.38 1.68
Net Interest Margin NII / Income generating assets on average basis 2.84 2.91 2.81 2.38
Net Interest Margin NII / Income generating assets on bal. sheet date 2.75 2.48 2.85 2.23
20
FINANCIAL RATIOS
Quarter Quarter
Mar08 Mar09 Mar08 Mar09
Earning Per Share Rs. non-annualized 12.54 14.74 3.87 3.14
Cost Income Ratio 48.65 51.40 42.69 50.46
Cost Income Ratio without wage provision 0.00 46.72 0.00 45.18
Return on Assets annualized 1.06 1.02 1.21 1.00
Return on Equity annualized 21.82 22.30 30.99 20.50
Profit Per Branch in Rs. Lacs annualized 33.91 38.88 41.84 40.91
Profit Per Employee in Rs. Lacs annualized 3.61 4.28 4.46 4.50
21
FINANCIAL RATIOS

31.03.08 31.03.09
Coverage Ratio 3.41 3.01
Book Value Rs. including Revaluation Reserve 57.35 69.79
Book Value Rs. excluding Revaluation Reserve 49.18 62.06
Gross Business Per Branch in Rs. Crore 54.03 66.45
Gross Business per Employee in Rs. Crore 5.76 7.31
22
NEW INITIATIVES AND THRUST
  • The Bank has opened 26 new branches taking the
    total number of branches to 1184. The Bank is
    further planning to open 100 new branches during
    the year.
  • During the year 50 branches had obtained ISO
    90012000 certification increasing the tally of
    ISO certified branches to 337.
  • The Bank has entered into a co-branding tie up
    arrangement for issuance of Credit Card with
    State Bank of India.

23
NEW INITIATIVES AND THRUST
  • The Bank in its pursuit of lending to Corporate /
    SME is planning to open four Corporate Business
    Branches CBBs in Metro cities.
  • The Bank in its continuous endeavour of providing
    better customer service has constituted a
    Standing Committee on Customer Service headed by
    the Chairman Managing Director.
  • The Bank is in the process of centralising all
    its back-office operations to enable branches to
    be more customer centric and growth oriented.

24
NEW INITIATIVES AND THRUST Technology
  • Dena Garima Banks Core Banking initiative
    gained momentum with rolling out of 498 branches
    during the year 2008-2009, taking the tally to
    606 branches covering 293 centers and 26 states /
    union territories. As on date 654 branches are
    under Core Banking.
  • All the branches of the Bank are computerized and
    99.80 of Banks business is conducted through
    technology based solutions.
  • A total of 387 ATMs have been installed as on
    31st March 2009 all over the country. Out of
    these ATMs, 284 are Onsite and 103 are Offsite
    covering more than 260 centers.
  • The Bank has launched Dena International Gold
    Debit Card to NHI customers with Visa
    affiliation.
  • The Bank is offering host of other techno
    enabled products viz. Mobile banking, Tele
    banking, Dena Billpay, e-payment of indirect
    Taxes and RTGS/ NEFT etc.

25
NEW INITIATIVES AND THRUST Priority Lending
  • The Bank has tied up with Life Insurance
    Corporation for providing life insurance cover to
    tractor loan accountholders under Mortgage
    Redemption Insurance Scheme.
  • Bank has tied up with National Bulk Handling
    Corporation (NHBC) for providing financial
    assistance to farmers and others against pledge
    of warehouse receipts issued by NHBC.
  • Bank has opened Credit Counseling Center at
    Himatnagar, Palanpur, Mehsana, Bhuj in the state
    of Gujarat and Silvassa in the UT of Dadra
    Nagar Haveli.
  • The Bank had facilitated formation of 289 new
    farmers club during the year taking the total no.
    of farmers club at 1276. Dena Singhali Farmers
    Club promoted by our Mahuda Branch of Kheda Dist
    in Gujarat has received the National Award from
    the Honble Union Finance Minister as the best
    performing Farmers Club in Gujarat

26
NEW INITIATIVES AND THRUST Human Resources
Development
  • Recruitment process for 553 officers (including
    specialist officers) for the year 2008-09 was
    completed in the last week of Dec 08.
  • Written Test for 1289 clerical cadre post was
    held on 8th March, 2009 at 11 centers across the
    country. Result of the same is likely to be
    declared in the month of Apr/May 2009.
  • 1522 employees have undergone training during
    Jan-Mar09 in various thrust areas like Credit,
    CBS, Retail, NPA, SME, HR etc. at both in-house
    through STCs/DIIT/Sir SPBTC and through outside
    training agencies (both in India Abroad).
  • Bank ensures to provide training to all employees
    to update and sharpen their skills.
  • Bank recognises the efforts of outstanding
    achievers and encourages by suitable awards.

27
NEW INITIATIVES AND THRUST Corporate Social
Responsibility
  • The Bank has set up Rural Development Self
    Employment Training Institute RUDSETIs at
    Himmat Nagar, Bhuj Mehsana for imparting
    training to unemployed rural youth women. Over
    3530 rural youth/women have already been imparted
    training by these RUDSETIs.
  • The Bank is continuing to sponsor education og
    girl students in the villages served by the Bank
    under Laxmi Shiksha Protsahan Yojana and so far
    provided scholarships to 1603 girl students under
    the scheme.
  • Under the Agriculture Debt Waiver Debt Relief
    Scheme 2008, the bank has granted debt waiver of
    Rs.76.94 crore covering 27547 farmers. Further,
    Bank has provided debt relief of Rs.52.28 crore
    benefitting 20212 farmers.

28
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