Oriental Bank of Commerce: FINANCIAL – RESULTS FOR YEAR 2011-12
Oriental Bank of Commerce, a leading Public Sector Bank with Total Business Mix of Rs.2,69,000 crore with a total customer base of more than 18.25 millions. The Bank has a Branch Network of 1730 Branches 22 Extension Counters and 1251 ATMs all over India.Shri Pranab Mukherjee Hon’ble Finance Minister, Govt. of India had inaugurated Feb 2012 Bank’sonly Public Sector Bank having its Corporate Office in the State of Haryana & Hon’ble Finance Minister inaugurated an E-Lobby in the same premises. This State of Art unmanned E-Lobby provide wide ranging 24×7 Banking facilities to its customers on a self-service basis which includes: All ATM Services including Cash Withdrawal, Balance Inquiry, Mini Statement, Pin Change, Funds Transfer, Income Tax Payment, Cheque Status Inquiry, SMS Registration, Stop Payment request, etc. through ATM by the Bank’s own customers as well as other Banks Customers.Deposit of Cheques and Drafts through the Cheque Deposit Machine which provides acknowledgement for deposit and copy of cheque to the customer.Internet Banking Kiosk for undertaking Internet Banking transactions in the E-Lobby. Coin vending machine for dispensing coins to customers.On 30th April 2012 Oriental Bank of Commerce FINANCIAL – RESULTS FOR THE YEAR 2011-12 were declared in New Delhi at Le Meridien hotel with following details
Amt. (YoY Growth)
Business
Mix Rs. 2,69,000 crore (14.04%)
Deposits Rs. 1,56,000 crore (12.16%)
Core
Deposits Rs. 1,13,000 crore (23.36%)
Advances
Rs. 1,13,000 crore (16.74 %)
Customer
Base 18.25 million
NET
PROFIT Rs. 1142 crore
CD RATIO AT 72.68%
GROSS NPA AT
3.17%
NET
NPA AT 2.21%
Performance Highlights for the Fourth
Quarter of FY 2011-12
Ø Yield
on Advances increased by 183 bps (Q4 to Q4) to reach 12.65% from 10.82%.
Ø Interest
Income increased by 30.58% (Q4 to Q4).
Ø Non
Interest Income increased by 14.65% (Q4
to Q4).
Ø Net
Interest Margin (NIM) stood at 2.68%.
Ø CRAR of
the Bank is at 12.69% under BASEL-II (Tier-I Capital: 10.12%;
Tier –II Capital: 2.57%).
Ø 100%
system driven classification and provisioning of NPAs.
PROFIT
Ø Net
Profit of the Bank stood at Rs.265 crore for
Q4 of FY 2011-12 as compared to a profit of Rs.334 crore for
Q4 of FY 2010-11 largely due to the provisioning for restructured advances.
Ø Net Profit for Financial
Year ended 31st March, 2012 stood at Rs.1142 crore as
compared to a profit of Rs.1503
crore for
Financial Year ended 31st March, 2011.
Ø Operating
Profit of the Bank stood at Rs.754 crore for
Q4 of FY 2011-12 as compared to a profit of Rs.843 crore for
Q4 of FY 2010-11.
Ø Operating
Profit for Financial Year ended 31st March,
2012 stood
at Rs.3141 crore as
compared to a profit of Rs.3245
crore for
Financial Year ended 31st March, 2011.
BUSINESS
Ø Total
Business of the Bank increased to Rs.2,69,015 crore as
on 31st
March, 2012 from Rs. 2,35,893
crore as on 31st March ,2011, registering a YoY
growth of 14.04 %.
Ø Total
Deposits increased to Rs.1,55,965 crore as on 31st
March, 2012 from Rs.1,39,054 crore as
on 31st March, 2011, registering a YoY growth of 12.16 %.
Ø Core
Deposits increased to Rs.1,12,564 crore as on 31st
March, 2012 from Rs.91,246 crore as
on 31st March, 2011, registering a YoY growth of 23.36%.
Ø Advances of
the Bank increased to Rs.1,13,050 crore as on 31st March, 2012
from Rs.96,839
crore as
on 31st March, 2011, registering a YoY growth of 16.74%.
Ø CASA
Deposit increased by Rs.3480 crore to Rs.37,628 crore
from Rs.34,148 crore
registering a growth of 10.19% (YoY).
Ø CASA
Deposits to Total Deposits at 24.13%.
Ø Credit
Deposit Ratio at 72.68%.
INCOME
Ø Total
Income during Q4 of FY 2011-12 increased by 29.23%
to Rs.4565 crore from Rs.3532 crore in Q4 of FY 2010-11
due to healthy growth of 30.58% in Interest Income which reached Rs.4221
crore.
Ø Total
Income during Financial Year ended 31st March,
2012 increased by 30.71% to Rs.17,055 crore from Rs.13,048
crore in Financial Year ended 31st March, 2011 due to healthy growth of 30.83% in Interest
Income which reached
Rs.15,815 crore.
Ø Non
Interest Income during Q4 of FY 2011-12 increased by 14.65% to Rs.344 crore
from Rs.300 crore in Q4 of FY 2010-11.
Ø Non
Interest Income during Financial Year ended 31st
March, 2012 increased by 29.18% to Rs.1240
crore from Rs.960 crore in Financial Year ended 31st
March, 2011.
Ø Net
Interest Income during Q4 of FY 2011-12 increased by 5.41%
to Rs.1068 crore
from Rs.1013 crore in Q4 of FY 2010-11.
IMPORTANT RATIOS
Ø Gross
NPA
ratio stands at 3.17% as at 31st March, 2012 and Net NPA
ratio at 2.21%.
Ø Provision
Coverage Ratio at 61.52%.
Ø Net
Interest Margin (NIM) at 2.68% for Q4 of FY 2011-12 and 2.79% for Financial Year ended 31st March, 2012.
Ø Return
on Assets (RoA) at 0.60% for Q4 of FY 2011-12 and 0.67% for Financial Year ended 31st March, 2012.
Ø Cost
of Deposit is at 7.99% for Q4 of FY 2011-12 and
7.69% for Financial Year ended
31st March, 2012.
Ø Yield
on Advances is at 12.65% for Q4 of FY 2011-12 and 12.16% for Financial
Year ended 31st March, 2012.
Ø Cost
to Income Ratio is at 43.67% for
Q4 of FY 2011-12 and 42.44% for Financial
Year ended 31st March, 2012.
Ø Book
Value Per Share at Rs.361.20 as on 31st March,
2012 as against Rs.325.13 as on 31st March, 2011.
Ø CRAR of
the Bank is at 12.69% under BASEL-II (Tier-I Capital: 10.12%;
Tier –II Capital: 2.57%).
Ø Business
per Branch increased to Rs.151.81 crore from
Rs.145.61 crore registering a growth of 4.26
%
(YoY).
Ø Business
per Employee increased to Rs.14.62 crore from
Rs.14.18 crore registering a growth of 3.12% (YoY).
DELIVERY CHANNELS
Ø Bank’s
Branch Network stood at 1772 Branches with 19 Extension Counters.
Ø 42 Branches
have been opened by the Bank during Q4 of FY-2011-12 and 152 Branches have been
opened during Financial Year ended 31st March, 2012.
Ø Bank
Installed 19 New ATMs during Q4 of FY-2011-12. The total number
of ATMs as on 31st March, 2012 stood at 1270 (including 7
Mobile ATMs, 331 offsite ATMs and 6 Biometric ATMs).
Ø ATM
Coverage is at 71.67% vis-à-vis Branch Network.
Ø 6.88 lac ATM Cards were issued during the year taking the
total ATM customer base to 32.71
lac.
Ø 4.46
lac internet banking users and 24.81 lac customers availing
SMS facility.
Ø 81.40%
of
eligible cash transactions happening through ATMs.
RETAIL CREDIT
Ø Retail
loans (excluding Indirect Housing) at Rs.11,599 crore constituted 10.26% of Total
Advances and grew by 19.74%(YoY).
o Vehicle
Loan Portfolio grew by 27.33% (YoY) to reach
Rs.1171 crore as on 31st March, 2012 from Rs.920 crore as
on 31st March, 2011.
o Education
loan Portfolio grew by 8.04% (YoY) to reach Rs.1191
crore as on 31st March, 2012 from Rs.1102 crore as
on 31st March, 2011.
o Direct
Housing loan portfolio grew by 18.79%(YoY) to reach Rs.5290
crore as on 31st March, 2012 from Rs.4453 crore as on 31st
March,2011 .
PRIORITY SECTOR
Ø PS
Advances grew by 13.68%(YoY) to Rs.40,527
crore as on 31st March,2012 from Rs.35,651 crore as on 31st
March,2011 .
o Agricultural
advances grew by 21.15%
(YoY) to Rs.15,411 crore as on 31st March, 2012
from Rs.12,721 crore as on 31st March, 2011.
o Bank
issued 35,861 Kisan Credit Cards (KCCs) during the Quarter ended 31st March, 2012 with an
amount of Rs. 827 crore. Total number of KCCs as on 31st March, 2012 was
4,22,611 KCCs with an amount of Rs.8756 crore.
MICRO,
SMALL & MEDIUM ENTERPRISES
Ø Number of MSE
(Micro
& Small Enterprises) Accounts increased to 1,76,978 from 1,69,102
and Bank’s Fund Based exposure under MSE to Rs.17,978
crore from Rs.15,844
crore thereby
registering a growth of Rs.2134 crore i.e. an increase of 13.47% (YoY).
Ø Number of MSME
(Micro,
Small & Medium Enterprises) Accounts increased to 1,78,535 from 1,69,883
and Bank’s Fund Based exposure under MSME to Rs.20,127
crore from Rs.17,670
crore thereby registering a growth of Rs.2457
crore i.e. an
increase of 13.90 % (YoY).
Ø
17
MSME Specialised Branches and 45 MSME focused Branches were
functional as on 31st March, 2012.
FINANCIAL INCLUSION
Ø 82008
NO FRILLS Accounts were opened during Q4 of FY 2011-12
taking the total number of NO FRILLS Accounts to 21,35,299 as on 31st
March,2012 with an outstanding balance of Rs.427.29 crore .
Ø 569 Villages
have been allotted to the Bank with population of more than 2000 and all
of them (492 Villages through BC Model, 23 through Branch Model & 54
through Mobile Branch Model) have been covered as on 31st March,
2012.
Ø Bank
has opened 492 Ultra Small Branches during the Year.
Ø 4,38,314
No Frill/ Other Savings Accounts have been opened in 569
covered villages up to 31st
March, 2012 covering 3,35,038 households.
Ø 1,59,207 Biometric Cards have been issued in FIP allotted
villages and 3,02,289 transactions
have been done through the same.
HR INITIATIVES
Ø Bank recruited
439
personnel including 28 Probationary Officers
& 13 Specialist Officers during Q4 of FY-2011-12.
Ø During Financial
Year ended 31st March, 2012, Bank recruited 2249
personnel including 452 Probationary Officers
& 311 Specialist Officers.
Ø Bank plans to
recruit 2675 personnel including 400 Probationary Officers & 475
Specialist Officers during FY-2012-13.
NEW INITIATIVES
Ø
The
Bank has shifted its Corporate
Office from New Delhi to Gurgaon. With this, Oriental Bank of Commerce became the only Public Sector Bank having its Corporate Office in the State of Haryana.
Ø
LAUNCH OF ORIENTAL REVERSE
MORTGAGE SCHEME: To facilitate particularly
group of elderly people, a scheme of reverse mortgage has been launched as a
new Retail Credit product with brand name “ORIENTAL
REVERSE MORTGAGE SCHEME”. The scheme has been formulated on the basis of
operational guidelines received from National Housing Bank.
IT INITIATIVES
Ø Online
Generation of Password through Internet Banking-This feature facilitates our
esteemed Net- Banking customers to generate Login and Transaction passwords
online, in case they forget them. Customers have to register online for
this facility and follow certain validation checks, before they are permitted
to generate the passwords.
Ø Implementation
of 256-bit VeriSign Extended Validation (EV) SSL for Bank’s website
Ø Implementation
of E-payment of VAT for Maharashtra State
Ø Loans
EMI Module in Internet Banking-This new functionality has been recently
implemented and allows Retail Net Banking customers to pay Loan EMI
installments to their own account or third party loan account
Ø NREGA-Seamless
integration of transfer of NREGA file having accounts maintained by branches of
RO Jaipur and RO Sriganganagar through SFTP server and SBBJ server on daily
basis around 9.00 AM.
CSR INITIATIVES
Ø As a part of its Corporate Social
Responsibility, the Bank has set up a Trust in the name of ‘OBC Rural
Development Trust’ on 09.12.2005 for setting up of Rural Self
Employment Training Institutes (RSETIs). The Trust has set up Institutes in
five Districts, viz., Jaipur, Sriganganagar, Ferozepur ,Dehradun &
Palwal. Since inception, a total of 753 training programmes have been conducted benefiting 25,848
candidates. During the Financial Year 2011-12, 170 training programmes have been conducted
benefiting 5236 candidates.
Ø The Bank has opened 4 Financial Literacy & Credit Counselling (FLCC) Centres in Karnal and Palwal districts of Haryana,
Sriganganagar in Rajasthan & Ferozpur in Punjab. A total of 13,418
persons were counseled in these FLCCs, out of which 91 cases were
referred for debt restructuring.
Ø A
Project for extending social welfare schemes such as NREGA, Pension, etc. has
been launched in 6 Districts viz. Sriganganagar & Hanumangarh in
Rajasthan, Amritsar, Gurdaspur and Muktsar in Punjab and Jind in Haryana. A
total number of 2,75,766 smart cards have been issued to the
beneficiaries in these 6 districts up to 31st March,2012.
Ø
The
Bank has constructed Sulabh Shouchalaya
(Public Toilet) at Village 24 LLW
(B) Distt. Hanumangarh Junction, Rajasthan and has made the same available
to the entire village. The same was constructed after observing that out of
total population of 3039, majority of people belonging to low income group have
no access to sanitation facility.
Ø Ludhiana Region of the Bank identified 31 villages
out of 35 allotted villages under Financial Inclusion Plan (FIP) where drinking
water is infected and has carcinogenic effect. Under CSR activity, Bank has
provided Water Purifier System in 31 villages and in different institutions
like Schools, Hospitals, Religious Places etc. to provide safe drinking water
to school children, patients and general public.
Ø In village Sanpera in District Sonepat, Haryana,
allotted under FIP, Tricycles to physically handicapped person have been
distributed under CSR activity.
Place :
New Delhi
Date :
30.04.2012
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