INDIAN NEWS & TIMES

Thursday, June 1, 2023

Bank of Maharashtra Q1 : Total Business increased by 36.88 % to Rs.188457.09 crore as at 30.06.2013

RAVI NAIR / INT / Business
  • FinalOperating Profit for Q1 2013-14 increased to Rs.698.91 cr compared to Rs.440.21 cr for Q1 2012-13 with a growth rate of  58.77%
  • Net Profit for Q1 2013-14 was at Rs.266.33  cr as compared to Rs.140.46 cr for Q1 2012-13 recording a growth rate of 89.61 %
  • Net Profit for Q1 2013-14 was at Rs.266.33  crore as compared to Rs.140.46 crore for Q1 2012-13 recording a growth rate of 89.61 %
  • Total Income increased by Rs.757.01 crore to Rs.2974.31 crore recording growth of 34.14% over Q1 2012-13
  • Interest Spread for Q1 2013-14 increased to
  • Rs.908.02  crores recording a growth rate of     39.46% over Q1 2012-13
  • Net Interest Margin (NIM) increased by 11 bps to 3.02% for Q1 2013-14.
  • Non-Interest Income for Q1 2013-14 jumps to Rs.225.10 crores recording growth of       25.89% over Q1 2012-13
  • Gross NPA ratio reduced by 44 bps to 1.80% as on June 2013
  • Net NPA ratio reduced by 17 bps to 0.80% as on June 2013
  • Gross Advances jumped by 43.60% to Rs.83010.44  crore as at 30.06.2013.
  • Total Deposits up by 32.01% to Rs.105446.65  crore as at 30.06.2013
  • Total Business increased by 36.88 % to Rs.188457.09  crore as at 30.06.2013Business per Employee stood at Rs.12.97 crore and Profit per employee at Rs.7.33 lakhs for Q1 2013-14
  • CRAR Basel II at 11.83% as on 30.06.2013
  • Yield on Advances increased by 11 bps at 11.27% for Q1 2013-14
  • Cost of Funds reduced from 6.20 to 6.12% for Q1 2013-14
  • Cost to Income reduced by 864 bps to 38.32% as on 30.06.2013 for Q1
  • Book Value per Share Rs.71.26 as on 30.06.2013
  • Performance Highlights :
    1. 1.    Total Business: Total Business of the Bank as on 30.06.2013 stood at Rs.188457.09 crore. The total business increased by Rs.50772.53 crore from Rs.137684.56 Crore as on 30.06.2012 registering a growth of 36.88% on y-o-y basis.
    2. 2.    Business per Employee has gone up from Rs.10.14 crore as at 30.06.2012 to Rs.12.97 crore as at 31.03.2013.
    3. 3.    Business per Branch was Rs.107.32 crore as on 30.06.2013 as against  Rs.86.43 crore as at 30.06.2012.
    4. 4.    Deposits: Total Deposits of the Bank increased by Rs.25566.87 crore to Rs.105446.65 crore as on 30.06.2013 from Rs.79879.78 crore as on 30.06.2012 recording a growth of 32.01% on y-o-y basis.

    The share of Current & Saving (CASA) Deposits to total deposits stood  at 35.32% as on 30.06.2013.

    • Gross Advances increased from Rs.57804.78 crore as on 30.06.2012 to                Rs.83010.44 crore as on 30.06.2013 recording growth by Rs.25205.66 Crore ( 43.60%) on y-o-y basis.
    • Credit Deposit Ratio improved by 636 bps and stood at 78.72%.
    • Priority Sector Credit stood at Rs.26599.72 crore at the end of Q1 ending June 2013
    • Agricultural advances of the Bank stood at Rs.8513.18 crore as at the end of June 2013 as against Rs.6189.27 crore as at June 2012, showing a growth of 37.55%.
    • MSE advances of the Bank stood at Rs.12483.25 crore at the end of June 2013 as against Rs.8829.88 crore at June 2012, showing a growth of 41.37%.
    • Retail advances of the Bank stood at Rs.8890.05 crore at the end of June 2013 as against Rs.7003.08 crore at June 2012, showing a growth of 26.94%.
    • Total Income:  The total income of the Bank was at Rs.2974.31  crore for the Q1 2013-14 as compared to Rs.2217.30 crore for Q1 2012-13 showing an increase of Rs.757.01 crore [34.14%] on y-o-y basi
    • Net Interest Income: The Net interest income increased by Rs.256.93 crore from Rs.651.09 crore in Q1 2012-13 to Rs.908.02 crore in Q1 2012-13, recording an increase of 39.46% on y-o-y basis. The Net interest Margin (NIM) works out to     3.02%.
    • Non-Interest Income: The non-interest income increased to Rs.225.10 crore ( rise of 25.89%) as compared to Rs.178.80 crore in Q1 2012-13.
    • NPA:  Gross NPA reduced by 44 bps to 1.80% as on 30.06.2013 from 2.24% as on 30.06.2012. Net NPA reduced by 17 bps to 0.80 % at the end of Q1 2013-14 from 0.97% a year ago. 
    • In absolute terms the Gross NPAs stood at Rs.1499.74 crore as on 30.06.13. Net NPA stood at Rs.655.96 crore as on 30.06.2013 as compared to Rs.549.29 cr as on 30.06.2012
    • Provision Coverage: The NPA provision coverage ratio stood at 76.50 % as at 30.06.2013
    • Capital Adequacy Ratio: The Capital Adequacy Ratio under Basel II norms was at 11.83 % as on 30.06.2013 against the regulatory required level of 9%.
    • Earnings Per Share (Not Annualised): The Earnings per Share has gone up to Rs.3.81 as at 30.06.2013 from Rs.2.12 in Q1 2012-13
    • Book Value Per Share: The BVPS was at Rs 71.26 as at 30.06.2013 as compared to Rs.56.76 as at 30.06.2012
    • Cost to Income Ratio:  The Cost to Income ratio reduced to 38.32% for the Q1 June 2013 as compared to 46.96% for similar period of the previous year.
    • Yield on Advances:  Yield on advances increased to 11.27% as compared to   11.16% for similar period of the previous year
    • Cost of Fund: Cost of funds reduced from 6.20% to 6.12% for Q1 2013-14
    • The Bank’s network has spread across 6,868 functional Units spread across 29 States and 2 Union territories.
    • 1756 Branches, 802 ATMs & 102 MahaGram Seva Kendra.
  • During the quarter, the Bank opened 28 Branches across the country
  • Door Step Banking started at Pune & Mumbai. And subsequently at other 28 centres across the country.
  • Acceptance of Maharashtra Govt. Taxes across counter at all branches.NPS Lite “Swavlamban” started at all Branches