Monday, May 7, 2012

INDIAN OVERSEAS BANK - GOOD PEOPLE HAVE GROWN!


(1)  TOTAL BUSINESS:  Total business grew from 259020 crore as on 31st March 2011 to 321707 crore as on 31st March 2012 recording a year on year growth of  24.20%        

(2)   DEPOSITS:  Total deposits grew from 145229 crore as on 31st March 2011 to 178434  crore as on 31st March 2012 recording a year on year growth of  22.86 %.

(3)  ADVANCES:  Gross Advances increased from 113791 crore as on 31st March 2011 to 143273 crore as on 31st March 2012 registering a growth of 25.91%.

(4) OPERATING PROFIT: Operating Profit for the year ended 31st March 2012 is 3534.15 crore from 2860.63 crore for the year ended 31st March 2011, registering a growth of 23.54%

(5) NET PROFIT:  Net Profit for the year ended 31st March 2012 is 1050.13 crore. 

(6) TOTAL INCOME:  Total income recorded a growth of 46.91% during the year ended 31st March 2012.  The increase was from 13326.56 crore for the year ended 31st March 2011 to 19578.13 crore.

(7) INTEREST INCOME:  Interest income increased to ` 17897.08 crore for the year ended 31st March 2012 from ` 12101.46 crore for the year ended 31st March 2011 - an increase of 47.89%.

Interest income from Advances registered an increase of 53.28% from  8848.57 crore to 13589.86 crore.

(8) NET INTEREST INCOME:  Increased to ` 5016.17 crore during 2011-12 from 4208.03 crore during 2010-11- an increase of ` 808.14 crore (19.20%)                                              

(9)  NON INTEREST INCOME:  Non interest income is ` 1681.04 crore (for the year ended 31st March 2012) as against ` 1225.10 crore (for the year ended 31st March 2011) registering an increase of 37.22%

(10) INTEREST EXPENSES:    The interest expenses for the year ended    31st March 2012 is ` 12880.91 crore as against ` 7893.44 crore for the year ended 31st March 2011.

(11)NPA MANAGEMENT:  Gross NPA as at 31st March 2012 is at 3920.07 crore as against 3089.59 crore as on 31st March 2011, with Gross NPA ratio of 2.74% and 2.72% respectively.

Net NPA as at 31st March 2012 is ` 1907.44 crore as against 1328.42 crore as on 31st March 2011, with Net NPA ratio of 1.35% and 1.19% respectively. 

(12) PROVISION COVERAGE RATIO is 67.68%

Total Capital funds of the Bank has improved from 15255.90 crore as on 31.03.2011 to ` 17603.57  crore as on 31.03.2012 due to allotment of shares to Government of India  and LIC of India and its various schemes on preferential basis amounting to 1743.63 crore (including share premium)  apart from retention of profits.

14. BUSINESS PER EMPLOYEE:  Increased from 10.05 crore (as on 31.3.2011) to ` 11.76 crore (as on 31.3.2012).

15. PROFIT PER EMPLOYEE:  3.84 lacs as on 31.03.2012 as against 4.16  lacs as on 31.3.2011.

16. KEY FINANCIAL RATIOS:

16.1. Net Interest Margin:    
For the year ended 31.3.2011:   3.11%
For the year ended 31.3.2012:   2.75%

16.2.Return on Average Assets:
For the year ended 31.3.2011:  0.71%
For the year ended 31.3.2012:  0.52%

16.3.Earnings Per Share (EPS):
For the year ended 31.3.2011:   17.33
For the year ended 31.3.2012:   13.18

16.4.Book Value per share:  Book   value   per    share   increased   from   115.41  to 123.52.

16.5. Credit Deposit Ratio:  Stands at 80.29% as on 31.03.2012 as against 78.35% as on 31.03.2011.

16.6. CASA ratio: The ratio on global basis is 26.42% as on 31.03.2012.

16.7. Cost to income ratio:  The ratio for the year 2011-12 is 47.23%



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