dena bank agm

8/22/2019 dena bank agm

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Press Release

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PerfPerfPerfPerfoooorrrrmmmmaaaancencencence HHHHiiiigggghhhhllllighighighighttttssss ffffoooorrrr tttthehehehe FFFFinancialinancialinancialinancial YYYYearearearear / Quarter/ Quarter/ Quarter/ Quarterendedendedendedended 31313131stststst March 2013March 2013March 2013March 2013

Shri Ashwani Kumar, Chairman and Managing Director, Dena Bank, announced theperformance of the Bank after the adoption of the financial results for the Financial

Year / Quarter ended 31st March 2013 by the Board of Directors.

Business Growth

1. Aggregate Business:

Total Business of the Bank as on 31.03.13stood at`1,63,664 cr as compared to`1,34,326 cr as on 31.03.2012.

The total business increased by`

29,338cr with a growth rate of 21.84%on y-o-y basis.

Business per employee has gone up from`13.17cr as on 31.03.2012 to`14.75cr as on 31.03.2013 Business per Branch

has improved from ` 107.81cr as on31.03.2012 to ` 119.03 cr as on31.03.2013

Total Business163664

134327109373

Mar-11 Mar-12 Mar-13

2. Deposits:

Deposits of the Bank increased to`97207.15 cr as on 31.03.2013 from

` 77166.80 cr as on 31.03.2012

recording a growth of 25.97% on y-o-ybasis.

3. Advances:

The y-o-y growth in Advances was16.27% from ` 57159.20 cr as on

31.03.2012 to ` 66456.88 cr as on

31.03.2013

The Credit Deposit ratio stood at 68.37%.

Deposits

7716797207

64210

Mar-11 Mar-12 Mar-13

1


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a. DirectAgricultural advances ofthe Bank was at ` 5295 cr as on31.03.2013 as compared to`3875 cr ason 31.03.2012 showing y-o-ygrowth of 36.65%.

b. MSME advances of the Bank stood

at ` 10,673 cr as at 31.03.2013 asagainst `8291 cr as on

31.03.2012, showing y-o-y growth of28.73%.

c. Retail advances increased to` 7724 cr as on 31.03.2013 asagainst ` 7282 cr as on 31.03.2012showing y-o-y growth of6.07%

Advances

66457

5715945163

Mar-11 Mar-12 Mar13

Highlights for the Year ended 31.03.2013

1. Net Profit: The Net profit of the Bank for the F Y ended 31st March 2013increased to`810.38 cr as against`803.14 cr for previous financial yearrecording an increase of`7.27 cr (0.90%).

2. Operating Profit: The operating profit of the Bank for the FY ended 31st

March 2013 was at` 1,738.86 cr as against`1,528.43 cr for previous fiscalrecording an increase of`210.43cr (13.77%).

3. During current financial year, the Total income stood at`9,554.85 cr incomparison with`7,376.30 cr for FY ended 31.03.2012 showing an increase of`

2,178.55 cr [29.53%].

4. On comparison with FY 2011-12, the Interest income increased by `2,105.26 cr from`6794.13 cr to reach`8899.39 cr [30.99%] for theFY ended 31.03.2013.

5. Non-interest income was at`655.46cr as at 31.03.2013 as compared to`

582.17 cr for previous financial year showing an increase of 12.59% .

6. The Net interest Income [NII] for FY ended 31.03.2013 was at`

2,383.10 cr compared to `2101.00 cr for previous financial year recording agrowth of 13.43%.

7. Return on Assets [ROA] was at 0.86%, and Return on Equity [ROE] wasat 17.62% for the FY ended March 2013.

8. Cost to Income Ratio was reduced from 43.04% for the year ended March 2012to 42.77% for the Year ended March 2013.


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9. Earnings per share was at`23.15 as on 31.03.2013 as against `24.08 ason 31.03.2012.

In FY 2011-12 Bank has issued 166.69 lacs equity shares to LIC on preferential basisin the last week of March-12, therefore, Weighted Average No of Equity Share isconsidered to calculate EPS for March-12, whereas for FY 2012-13 the total ShareCapital is considered to calculate EPS.

10. Book Value per Share rose to `156.58 as on 31.03.2013 whencompared to`126.91 as on 31.03.2012

11. Net Interest Margin: Interest Spread to average interest bearing assets for Yearended 31.03.2013 has been at 2.80%.

12. The Net Profit per employee at`7.31 lakhs and the Net Profit per

Branch was at`58.94 lakh during year ended 31.03.2013

13. During the year , the Bank opened 122 Branches across the country.

Highlights for the Quarter ended 31.03.2013

1. Net Profit: The Net profit of the Bank for the Quarter [Q4] ended 31st Mar 2013decreased to`125.67 cr as against`254.79 cr for Q4 of previousfiscal recording decrease of`129.12 cr [-50.68%] mainly due to higher

provisions and contingencies of`275 cr against`221 cr during Q4 of

previous year. Higher provision is on NPA`143cr against `106 cr &

Depreciation on Investment`98 cragainst `36 cr.2. Operating Profit:

The operating profit of the Bank for the Quarter [Q4] ended 31st Mar

2013 was at`400.76 cr as against`475.51 cr for Q4 of previous

fiscal recording decrease of`74.75 cr [-15.72%] mainly due to reduction

in Base Rate as also rationalization of interest rates on Agriculture, MSMEand Retail Advances.

3. Income: Total income for the Quarter [Q4] ended Mar 2013 grew by 17.24% andreached`2,539.74 cr as against`2,166.36 cr for Q4 of FY 2012.

The Interest income also grew by 17.81% over Q4 of FY 2012 to reach`2,304.26 cr as on 31.03.2013.

4. N o n I n t e r e s t I n c o m e f r o m areas like Commission, Exchange,Brokerage, etc., is at ` 235.48 cr as on 31.03.2013 showing anincrease of 11.88% on y-o-y basis.

5. Net Interest Income (NII) for the Quarter [Q4] ended Mar 2013 was at `561.96 cr as against` 598.37 cr for Q4 of FY 2012 and recorded adecrease of 6.08%.

6. Return on Assets [ROA] was at 0.49%, and Return on Equity [ROE] was at10.17% for the Quarter [Q4] ended Mar2013 (annualized).

7. Cost to Income Ratio was at 49.74% for the Quarter [Q4] ended Mar 2013.

8. During the quarter, the Bank opened 33 Branches across the country.


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Asset Quality & Recovery

1. NPA: Gross NPA stood at 2.19% and Net NPA stood at 1.39% at the end of FY 2012-13against 1.67% and 1.01% respectively at the end of previous year. In absoluteterms the Gross NPAs stood at`1,452.45 cr and Net NPA stood at`917.18 cr.

2. Cash Recovery: Bank effected cash recovery and up gradation of NPAs of`386.57cr, during the FY 2012-13 compared to`414.03 cr in the previous financialyear.

3. Provision Coverage: The NPA provision coverage ratio stood at 69.58% with reference toNPA as at 31.03.2013.

Capital & Net worth

1. Capital Adequacy Ratio: Capital Adequacy Ratio under Basel II as on 31.03.2013is at a level of 11.03% with Tier I at 7.26%.

2. Net worth: Net worth of the Bank stood at ` 4,625.83 cr as on 31.03.2013 as

compared to`4256.14 cr as on 31.03.2012.

Going Forward

Bank is targeting credit growth of 16% and deposit growth of 18%. Bank expects to maintain NIM around 3%. Having opened 122 branches during 2012-13, Bank plans to open 150 branches during the

FY 2013-14.

As a part of Platinum Jubilee Celebrations, Bank has undertaken/ plan various CSR activitieslike Medi claim to farmer borrowers, donation of wheel chairs to the physically challenged

persons, water tanks in the drought hit areas of Maharashtra, Health Checkup Camps, and

Scholarships to girl child etc.

Bank has initiated monitoring of borrowal accounts online to prevent slippages. At present,Bank is monitoring all accounts above`10 cr on daily basis.

Bank is in the process of launching various new IT Products viz. Issue of Gift & Travel Cards,Issuance of On-Line Fixed Deposits, Launch of SMS based Help for Customers Grievance

Redressal and Service, App on Smart Phones and Tablets, Self Service Lobbies etc

Recruitment of fresh talent Bank has initiated the process for recruiting 700 ProbationaryOfficers, 482 Specialist Officers, 894 clerks and 347 sub staff.


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FINANCIAL INCLUSION PLAN

The Bank has successfully implemented Financial Inclusion Plan (FIP) envisaging road mapfor provision of banking services through banking outlet in 730 villages.

During the FY 2012-13, Bank has covered 1277 villages by setting up of ultra small branchesto facilitate financial inclusion plan. These villages are covered by engaging individual

Business correspondents.

Similarly, Bank has embarked upon urban financial inclusion plan for providing bankingservices to urban poor, slum dwellers and other inhabitants including migrant workers &

Street Vendors /hawkers in select urban areas in the state of Gujarat. As of 31st March 2013,

Bank has set up 199 Kiosks against target of setting up 100 Kiosks in urban areas during FY

2012-13.

Bank has also launched Direct Cash Transfer Scheme as per Govt. Of India Guidelinesthrough Aadhaar Payment Bridge System (ABPS) and Aadhaar Enabled Payment System

(AEPS).


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FYMar12

FYMar13

Growth Full Yr

Abs. %

Mar12[Q4]

Mar13[Q4]

Growth Q4/Q4

Abs. %

Net Profit 803.14 810.38 7.24 0.90%254.79 125.67 -129.12 -50.68%

Operating Profit 1,528.43 1,738.86 210.43 13.77% 475.51 400.76 -74.75 -15.72%

Total Income 7,376.30 9,554.85 2,178.55 29.53% 2166.36 2539.74 373.38 17.24%

Interest Income 6,794.13 8,899.39 2,105.26 30.99% 1955.89 2304.26 348.37 17.81%

Net Interest Income 2,101.00 2,383.10 282.10 13.43% 598.37 561.96 -36.41 -6.08%

Non Interest Income

from Core Areas582.17 655.46 73.29

12.59% 210.47 235.48 25.01 11.88%

Financial Indicators

[` in Cr]

As at : 31.03.2012 31.03.2013Growth Amt

Mar 13/Mar 12Growth %

Mar 13/Mar 12

Total Business 1,34,326 1,63,664 29,338 21.84%

Deposits 77,167 97,207 20,040 25.97%

Net Advances 56,693 65,781 9,088 16.03%

Investments 23,208 34,547 11,339 48.86%

CRAR - Under Basel II

Tier ITier II

11.51%

8.86%2.65%

11.03%

7.26%3.77%

Net Worth 4,256 4,626

Gross NPAs (as % to

gross advances)

Absolute

1.67%

956.50

2.19%

1,452.45

Net NPAs (as % to gross

advances)

Absolute

1.01%

571.73

1.39%

917.18

Documents

dena bank agm