Monday, October 29, 2012

Naresh --




After all Barack has done in office, and after all you have done to build this campaign, we can't afford to watch everything slip away on Election Night.



But the other side has outraised us -- our opponents have $45 million more than we do for the final stretch. And none of us has ever seen what a barrage of money like that will do.



That's why we need to do everything we can in these last days, and why we need you to join in the effort.



And, until tomorrow night, any donation you make will automatically enter you to meet Barack on Election Night and have a front-row seat for his speech.



Please make a donation of $5 or whatever you can today -- don't wait any longer.



We can either give it our all in these final days, or wake up on November 7th wishing we had done a little more.



Don't wait. Supporting this campaign once more will move us closer to victory -- and enter you to win a trip to Chicago to join Barack on Election Night:



https://donate.barackobama.com/Election-Night



Thanks,



Michelle



P.S. -- This is the final contest of this campaign. You really shouldn't miss this opportunity to get a front-row seat for Barack's speech on Election Night. Donate whatever you can right now, to make sure we finish this campaign strong.

Oriental Bank of Commerce
























HIGHLIGHTS OF FINANCIAL RESULTS FOR Q2 OF FY-2012-13







o Net Profit for Q2 increase by 80.15% on Y-O-Y basis from Rs. 167.74 crore to Rs.302.19 crore



o Operating Profit for Q2 also increase by 21.50% on Y-O-Y basis from Rs.758.21 crore to Rs.921.23 crore



o Net Interest Income (NII) for Q2 increase by 16.94% on Y-O-Y basis from Rs.989.47 crore to Rs.1157.10 crore



o Total Non Interest Income for Q2 is Rs.406.79 crore showing a Y-O-Y growth of 46.65% (Non-Interest Income for Q2 of 2011-12 was Rs.277.39 crore).



o Other Income increased mainly due to recovery of Rs.141.22 crore (in Q2) in Technical Written Off a/cs.



o Business Mix reaches Rs.283019 crore as on 30.09.2012 showing a Y-O-Y growth of 10.92% (Rs.255162 crore as on 30.09.2011).



o Deposits stood at Rs.164175 crore as on 30.09.2012 showing a Y-O-Y growth of 9.78% (Rs.149552 crore as on 30.09.2011).



o Advances stood at Rs.118844 crore as on 30.09.2012 showing a Y-O-Y growth of 12.53% (Rs.105611 crore as on 30.09.2011).



o CASA increased from 22.86% as on 30.9.2011 to 24.13% as on 30.9.2012.



o Core Deposits have increased to Rs.127655 crore registering a growth of 17.49% on Y-O-Y basis (Rs. 108650 crore as on 30.09.2011)



o Bulk Deposits have been reduced from Rs.40627 crore to 36284 crore i.e. a decrease of 10.69% on Y-O-Y basis (sequentially 15.60% in H1 and 12.52% in Q2).



o Retail Credit Advances have increased to Rs. 13145 crore as on 30.09.2012 and stood at 11.06% of total advances against 10.41% as on 30.06.2012 and 10.26% as on 31.03.2012



o Credit Deposit Ratio stood at 72.49%.



o Gross NPAs as percentage to Total Advances stood at 2.92% and has decreased from 3.17% as on 31.03.2012 & 2.97% as on 30.06.2012.







o Net NPAs as percentage to Total Advances stood at 2.04% and has decreased from 2.21% as on 31.03.2012 and 2.05% as on 30.06.2012.



o Provision Coverage Ratio has improved to 64.47% as on 30.09.2012 (61.52% as on 31.03.2012).



o Total recovery (including upgradation) Rs.449 crore during Q2 of 2012-13 against Rs. 303 crore during Q2 of 2011-12. Total recovery (including upgradation) during H1 of 2012-13 is Rs.1135.55 crore against Rs.494 crore during HY1 of 2011-12.







o Total restructured book of the bank stood at Rs. 11493 crore(addition of Rs. 329 crore during Q2) out of which aviation is Rs.1678 crore and Discoms Rs.4155 crore.



o Capital Adequacy of bank 12.06%.(Tier I- 9.69%, Tier-II 2.37%)



o Book value per share has increased to Rs.389.06.



o 54 new branches opened during the current quarter and 2 extension counters have been upgraded. 12 new ATMS installed during Q2. Total delivery channels of the Bank are 3166 (1850 Branches, 12 Extension Counters and 1304 ATMs). We look forward to open another 120 Branches in the next 2 quarters.



o 3 new Regional Offices opened in Meerut, Varanasi and Jodhpur. Total Regional Offices now stands at 33.

































FINANCIAL RESULTS FOR Q2 OF FY-2012-13



Amt. (YoY Growth)



Business Mix Rs. 2,83,000 crore (10.92%)



Deposits Rs. 1,64,200 crore ( 9.78%)



Core Deposits Rs. 1,27,700 crore (17.49%)



Advances Rs. 1,18,800 crore (12.53%)



Net Profit Rs. 302 crore (80.15%)



CD RATIO AT 72.49%



GROSS NPA AT 2.92%



NET NPA AT 2.04%







Performance Highlights for the Second Quarter of FY 2012-13







Ø Yield on Advances increased by 70 bps (Q2 to Q2) to reach 12.35% from 11.65%.



Ø Interest Income increased by 16.14% (Q2 to Q2).



Ø Non Interest Income increased by 46.65% (Q2 to Q2) mainly due to recovery of Rs. 141.22 crore in Technical Write Off Accounts.



Ø Net Interest Margin (NIM) stood at 2.79%.



Ø CRAR of the Bank is at 12.06% under BASEL-II (Tier-I Capital: 9.69%; Tier –II Capital: 2.37%).



Ø Bulk Deposits reduced to Rs. 36,284 crore from Rs. 40,627 crore showing a reduction of 10.69%.



Ø Provision Coverage Ratio has improved to 64.47%.



Ø Total Delivery Channels: 3166 (1862 Branches/ECs plus 1304 ATMs).



Ø Book Value per share at Rs.389.06







PROFIT



Ø Net Profit of the Bank stood at Rs. 302.19 crore for Q2 of FY 2012-13 as compared to a profit of Rs. 167.74 crore for Q2 of FY 2011-12, showing an increase of Rs. 134.45 crore and 80.15% (YoY).



Ø Net Profit for Half Year ended 30th September, 2012 stood at Rs. 693.61 crore as compared to a profit of Rs. 522.44 crore for Half Year ended 30th September,2011, showing an increase of Rs. 171.17 crore and 32.76% (YoY).



Ø Operating Profit of the Bank stood at Rs. 921.23 crore for Q2 of FY 2012-13 as compared to a profit of Rs. 758.21 crore for Q2 of FY 2011-12 showing an increase of Rs. 163.02 crore and 21.50% (YoY).



Ø Operating Profit for Half Year ended 30th September, 2012 stood at Rs. 1817.77 crore as compared to a profit of Rs. 1559.58 crore for Half Year ended 30th September,2011, showing an increase of Rs. 258.19 crore and 16.56% (YoY).







BUSINESS



Ø Total Business of the Bank increased to Rs.2,83,019 crore as on 30th September, 2012 from Rs. 2,55,163 crore as on 30th September, 2011, registering a YoY growth of 10.92 %.



Ø Total Deposits increased to Rs. 1,64,174 crore as on 30th September, 2012 from Rs. 1,49,552 crore as on 30th September, 2011, registering a YoY growth of 9.78 %.



Ø Core Deposits increased to Rs. 1,27,655 crore as on 30th September, 2012 from Rs. 1,08,650 crore as on 30th September, 2011, registering a YoY growth of 17.49%.



Ø Advances of the Bank increased to Rs. 1,18,844 crore as on 30th September, 2012 from Rs. 1,05,611 crore as on 30th September, 2011, registering a YoY growth of 12.53%.



Ø CASA Deposit increased by Rs. 5439 crore to Rs. 39,621 crore as on 30th September, 2012 from Rs. 34,182 crore as on 30th September, 2011, registering a YoY growth of 15.91%.



Ø CASA Deposits to Total Deposits at 24.13%.



Ø Credit Deposit Ratio at 72.49%.











INCOME



Ø Total Income during Q2 of FY 2012-13 increased by 18.21% to Rs. 4821 crore from Rs. 4078 crore in Q2 of FY 2011-12 due to growth of 16.14 % in Interest Income which reached Rs. 4415 crore and 46.65% growth in Non Interest Income.



Ø Total income during Half Year ended 30th September, 2012 increased by 18.98 % to Rs. 9517 crore from Rs. 7999 crore in Half Year ended 30th September,2011 due to growth of 17.63 % in Interest Income which reached Rs. 8702 crore and 35.59% growth in Non Interest Income.



Ø Non Interest Income during Q2 of FY 2012-13 increased by 46.65% to Rs. 407 crore from Rs. 277 crore in Q2 of FY 2011-12 mainly due to recovery of Rs. 141.22 crore in Technical Write Off Accounts.



Ø Non Interest Income during Half Year ended 30th September, 2012 increased by 35.59% to Rs. 815 crore from Rs. 601 crore in Half Year ended 30th September,2011 mainly due to recovery of Rs. 337.95 crore in Technical Write Off Accounts.



Ø Net Interest Income during Q2 of FY 2012-13 increased by 16.94% to Rs. 1157 crore from Rs.989 crore in Q2 of FY 2011-12.



Ø Net Interest Income during Half Year ended 30th September,2012 increased by 13.71% to Rs. 2283 crore from Rs.2008 crore in Half Year ended 30th September,2011.







IMPORTANT RATIOS



Ø Gross NPA ratio stands at 2.92% as at 30th September, 2012 and Net NPA ratio at 2.04%.



Ø Provision Coverage Ratio at 64.47%.



Ø Net Interest Margin (NIM) at 2.79%.



Ø Return on Assets (RoA) at 0.66%.



Ø Cost of Deposit is at 7.93% for Q2 of FY 2012-13 and 7.96% for Half Year ended 30th September,2012.



Ø Yield on Advances increased by 70 bps (Q2 to Q2) to reach 12.35% from 11.65%.



Ø Cost to Income Ratio is at 41.09%.



Ø Book Value Per Share at Rs. 389.06 as on 30th September, 2012 as against Rs. 364.28 as on 30th September,2011.



Ø CRAR of the Bank is at 12.06% under BASEL-II (Tier-I Capital: 9.69%; Tier –II Capital: 2.37%).



Ø Business per Branch increased to Rs. 152.82 crore from Rs. 150.81 crore.



Ø Business per Employee stood at Rs. 15.04 crore.







DELIVERY CHANNELS



Ø Bank’s Branch Network stood at 1850 Branches besides 12 Extension Counters.



Ø 54 New Branches opened and 02 Extension Counters upgraded by the Bank during Q2 of FY-2012-13.



Ø 71 New Branches opened and 07 Extension Counters upgraded by the Bank during Half Year ended 30th September, 2012.



Ø Bank Installed 12 New ATMs during Q2 of FY-2012-13. The total number of ATMs as on 30th September, 2012 stood at 1304 (including 12 Mobile ATMs, 328 offsite ATMs and 06 Biometric ATMs).



Ø ATM Coverage is at 70.49% vis-à-vis Branch Network.



Ø 1.18 lac ATM Cards were issued during the quarter taking the total ATM customer base to 34.90 lac.



Ø 4.98 lac internet banking users and 30.41 lac customers availing SMS facility.



Ø 79% of eligible cash transactions happening through ATMs.











RETAIL CREDIT



Ø Retail loans at Rs. 13,145 crore constituted 11.06% of Total Advances and grew by 27.79 %(YoY).



o Vehicle Loan Portfolio grew by 29.87% (YoY) to reach Rs. 1275 crore as on 30th September, 2012 from Rs. 981 crore as on 30th September, 2011.



o Education loan Portfolio grew by 4.45% (YoY) to reach Rs.1226 crore as on 30th September, 2012 from Rs. 1173 crore as on 30th September, 2011.



o Direct Housing Loan Portfolio grew by 20.62% (YoY) to reach Rs. 5742 crore as on 30th September, 2012 from Rs. 4760 crore as on 30th September, 2011.















PRIORITY SECTOR



Ø PS Advances grew by 14.40% (YoY) to Rs. 42,073 crore as on 30th September, 2012 from Rs. 36,778 crore as on 30th September, 2011.



o Agricultural advances grew by 24.58% (YoY) to Rs. 16,062 crore as on 30th September, 2012 from Rs. 12,893 crore as on 30th September, 2011.



o Bank issued 27,585 Kisan Credit Cards (KCCs) during the Quarter ended 30th September, 2012 with an amount of Rs. 615 crore. Total number of KCCs as on 30th September, 2012 was 4,47,418 KCCs with an amount of Rs. 9826 crore.







MICRO,SMALL & MEDIUM ENTERPRISES



Ø Number of MSE (Micro & Small Enterprises) Accounts stood at 1,53,579. Bank’s Fund Based exposure under MSE increased to Rs.18,565 crore from Rs.15,513 crore thereby registering a growth of Rs. 3052 crore i.e. an increase of 19.68% (YoY).



Ø Number of MSME (Micro, Small & Medium Enterprises) Accounts stood at 1,55,740. Bank’s Fund Based exposure under MSME increased to Rs. 21,135 crore from Rs. 17,506 crore thereby registering a growth of Rs. 3629 crore i.e. an increase of 20.73 % (YoY).



Ø During Q2 of FY 2012-13, 4787 MSE Accounts with an amount of Rs. 666 crore & 4989 MSME accounts with an amount of Rs. 851 crore were opened.



Ø During the Half Year ended 30th September, 2012, 9683 MSE Accounts with an amount of Rs. 1000 crore & 9789 MSME accounts with an amount of Rs.1061 crore were opened.



Ø 17 MSME Specialised Branches and 52 MSME focused Branches were functional as on 30th September, 2012.







FINANCIAL INCLUSION



Ø 1,41,792 NO FRILLS Accounts were opened during Q2 of FY 2012-13 taking the total number of NO FRILLS Accounts to 23,86,274 as on 30th September, 2012 with an outstanding balance of Rs. 451 crore.



Ø 569 Villages were allotted to the Bank with population of more than 2000 under Phase I and all of them were covered during the last Financial Year itself. 5,11,048 No Frill/ Other Savings Accounts have been opened in these 569 villages up to 30th September, 2012 covering 3,35,038 households.



Ø 337 Villages have been allotted to the Bank under Phase II covering 1,03,780 household. Till 30th September,2012, 89,236 Basic Savings Bank Accounts have been opened in these villages.



Ø 2,35,714 Biometric Cards have been issued in FIP allotted villages and 5,64,623 transactions have been done through the same.







HR INITIATIVES



Ø 300 personnel including 103 Specialist Officers recruited during Half Year ended 30th September, 2012 out of which 113 personnel including 83 Specialist Officers recruited during Q2.



Ø 325 Probationary Officers and 100 Agriculture Officers in JMGS I recruited through Institute of Banking Personnel Selection (IBPS), Mumbai are likely to join the services of the bank in November 2012.



Ø The process for recruitment of 800 Clerks is under way.







NEW INITIATIVES



Ø Bank opened 3 (Three) New Regional Offices at Jodhpur in Rajasthan, Meerut and Varanasi in Uttar Pradesh. With this the number of Regional Offices of the Bank stands at 33.



Ø Interest rates of Housing & Vehicle loan schemes have been revised for encashing the opportunity of bulk marketing of Retail Loans during the festive season.



Ø The Bank signed an MoU with M/S Piaggio Vehicles Pvt. Ltd. for increasing financing under Autos (3 wheeler), Taxis (4 wheeler) / Small Cargo Vehicles segment.



Ø The Bank signed an MoU with M/S Mahindra & Mahindra Vehicles Ltd. for increasing vehicle loan financing.



Ø Customized Concessional Package of Retail Loans to about 3 Lac BSNL employees posted all across the country has been renewed for providing 0.50% concession in interest rates in all schemes and no processing charges on the loans for their employees.















IT INITIATIVES



Ø The Bank launched RuPay ATM Card and RuPay Kisan Card which shall be working on India’s own payment infrastructure and shall meet the needs of different sectors of the society. The RuPay Kisan card shall give further thrust to the Financial Inclusion initiatives of the Bank by offering low cost payment system.



Ø Online FDR/ CDR issuance through Internet Banking introduced.



Ø Aadhaar Number (UID) of the Customers is linked with the Customers accounts enabling payment of Government disbursement directly in the account through Aadhaar number.



Ø Online Loan EMI Payment through Internet Banking has been enabled.



Ø Integration with 'EBS' merchant aggregator for EShoppe.



Ø Bank’s Website has been enabled with online submission of Application Forms for Home Loan, MSME and Vehicle Loan apart from Education Loan.



Ø MSME Portal developed and implemented in Bank’s Website.



Ø Mail Messaging System has been revamped.







AWARDS/ACCOLADES



Ø The Bank was awarded the “Indira Gandhi Rajbhasha Protsahan Award for the Year 2010-11” at a function organized on the occasion of Hindi Divas. The award was presented by Shri Pranab Mukherjee, Hon’ble President of India.



Ø The Bank was awarded the “Global Excellence Award for Banking” by Global Cultural Society.







CSR INITIATIVES



Ø As a part of ongoing activities of ‘OBC Rural Development Trust’ (Set Up on 09.12.2005) 44 training programmes on Skill Development have been conducted benefiting 1,231 candidates during the Half Year ended 30th September,2012 through the Rural Self Employment Training Institutes (RSETIs) in five Districts, viz., Jaipur, Sriganganagar, Ferozepur, Dehradun and Palwal.



Ø The Bank has opened 4 Financial Literacy & Credit Counseling (FLCC) Centres in Karnal and Palwal districts of Haryana, Sriganganagar in Rajasthan & Ferozpur in Punjab. A total of 18,944 persons were counseled in these FLCCs, out of which 91 cases were referred for debt restructuring.



Ø Each Rural Branch of the Bank has adopted one Government Primary School for following activities:



(i) Providing electric fan in each class room and staff room



(ii) Provision for toilets for boys and girls



(iii) Provision for drinking water



(iv) Solar panel for power backup



 ON OCTOBER 28, 2012

Dr Singh’s cabinet ministers updated list

The complete list of portfolios…
Cabinet Ministers Vayalar Ravi: Overseas Indian Affairs
Kapil Sibal: Communications & Information Technology
CP Joshi: Road Transport & Highways
Kumari Selja: Social Justice & Empowerment
Pawan Kumar Bansal: Railways
Salman Khursheed: External Affairs
Jairam Ramesh: Rural Development
M Veerappa Moily: Petroleum & Natural Gas:
S Jaipal Reddy: Science & Technology and Earth Sciences
Kamal Nath: Urban Development & Parliamentary Affairs
K. Rahman Khan: Minority AffairsDinsha
J. Patel: Mines
Ajay Maken: Housing & Urban Poverty Alleviation
MM Pallam Raju: Human Resource Development
Ashwani Kumar: Law & Justice
Harish Rawat: Water Resources
Chandresh Kumari Katoch: Culture
Ministers of State with independent chargeManish Tewari: Information & Broadcasting
Dr. K. Chiranjeevi: Tourism
Jyotiraditya Madhavrao Scindia: Power
K.H. Muniappa: Micro, Small & Medium Enterprises
Bharatsinh Madhavsinh Solanki: Drinking Water & Sanitation
Sachin Pilot: Corporate Affairs
Jitendra Singh: Youth Affairs & Sports
Ministers of stateDr. Shashi Tharoor: Human Resource Development
Kodikunnil Suresh: Labour & Employment
Tariq Anwar: Agriculture & Food Processing Industries
KJ Surya Prakash Reddy: Railways
Ranee Narah: Tribal Affairs
Adhir Ranjan Chowdhury: Railways
AH Khan Choudhury: Health & Family Welfare
Sarvey Sathyanarayana: Road Transport & Highways
Ninong Ering: Minority Affairs
Deepa Dasmunsi: Urban Development
Porika Balram Naik: Social Justice & Empowerment
Dr.(Smt.) Kruparani Killi: Communications & Information Technology
Lalchand Kataria: Defence
E. Ahamed: External Affairs
D. Purandeswari: Commerce & Industry
Jitin Prasada: Defence & Human Resource Development
Dr. S. Jagathrakshakan: New & Renewable Energy
R.P.N. Singh: Home
K.C. Venugopal: Civil Aviation
Rajeev Shukla: Parliamentary Affairs & Planning.
Obama - Biden
We're being seriously outraised, Naresh.

As of last week, Mitt Romney and the Republicans had $45 million more to spend than our side.

That puts us at an alarming disadvantage in a close race with just 9 days to go. Please help close the gap today.

We have more than 4 million people who own a piece of this campaign, and the other side wants to straight-up buy this election from under our feet with a few big checks, and flood the airwaves with negative ads that distort the President's record and attack his character outright.

I know it can be aggravating. Believe me. But we have to stay focused.

Look, we knew this onslaught of spending was coming, and that's why we're here day after day asking you to help drive us forward. Now it's time for you to step up and join the team.

We need to fight this now, Naresh -- and, for that to happen, I need you to do your part, or we risk losing everything we've built and invested in:

https://donate.barackobama.com/Close-the-Gap

Don't let up.

Ann Marie

Ann Marie Habershaw
Chief Operating Officer
Obama for America

MEHBOOBA MUFTI CALLS ON PM MODI Posted on  April 24, 2017 Chief Minister of Jammu and Kashmir Mehbooba Mufti today called on Prime Mi...