OBC: HIGHLIGHTS OF FINANCIAL RESULTS FOR QUARTER ENDED 31^ST DEC, 2014

                                                                                        (Rs. in Crore)

	Dec,2014	Dec,2013	% Growth (YoY)
Business Mix	3,39,157	3,16,432	7.18%
Total Deposits	1,97,820	1,82,470	8.41%
Total Advances	1,41,337	1,33,962	5.50%
Core Deposits	1,67,072	1,53,978	8.50%
Retail Term Deposits (less than Rs.1 Cr)	72,996	63,643	14.69%
CASA Deposits	46,804	44,156	6.00%
Retail Advances	16,961	15,738	7.77%
Housing Loan	7,739	6,944	11.45%
Business per Employee	16.65	16.12	3.29%
Book Value per Share (in Rs.)	447.30	425.66	5.08%
Cost of Deposits (%) - Q3	7.58%	7.74%	-16 bps
Cost to Income Ratio (%) - Q3	43.92%	45.37%	-145 bps

                                                     (Rs. in Crore)

	Q3 FY-14-15	Q3 FY-13-14	% Growth (YoY)
Total Income	5,458.79	5,063.98	7.80%
Non Interest Income	512.02	340.81	50.24%
Operating Profit	1,014.83	858.40	18.22%

v During Q3, 8.87 Lac New CASA accounts were opened by the Bank.

       

v  Net Interest Margin (NIM) stood at 2.69% (Q3).

v  Capital Adequacy of the Bank under BASEL III: 11.26% (Tier I: 8.54%,                       Tier II: 2.72%)

v The Bank is in the process of raising Unsecured Non-Convertible Basel III Compliant Perpetual Debt Instruments in the nature of Debentures for inclusion in Additional Tier I Capital aggregating Rs. 500 crore. The Issue opened on 23.01.2015 and will close on 06.02.2015 and the deemed date of allotment is 10.02.2015. If we consider the amount of additional Tier-I capital to be raised, then our CRAR will further improve to 11.58%                 (Tier I: 8.86%, Tier II: 2.72%)

v  PRIORITY SECTOR ADVANCES

                                                       (Rs. in Crore)

	Dec,2014	Dec,2013	% Growth (YoY)
Total Priority Sector Advances	54,156	48,017	12.79%
Total Agriculture Advances	21,240	17,159	23.78%
Micro & Small Enterprises	24,590	23,286	5.60%
Weaker Section	14,698	12,663	16.07%
Minority Community	8,287	7,908	4.80%

v RECOVERY & NPA

Ø  Total Recovery including Upgradation during the Nine Months ended                       31^st Dec, 2014 was Rs.1,576.48 crore compared to Rs.1,259.94 crore in corresponding Nine Months of previous financial year.

Ø  Gross NPA ratio at 5.43% and Net NPA ratio at 3.68%.

Ø  Provision Coverage Ratio stood at 57.39%.

v PROGRESS UNDER PRADHAN MANTRI JAN-DHAN YOJANA (PMJDY)

The Bank is implementing the Pradhan Mantri Jan-Dhan Yojana (PMJDY) in a mission mode.  The progress under the scheme is as under:

Ø  No. of Accounts Opened : 20.55 Lac

Ø  No. of RuPay Cards Issued : 19.82 Lac

Ø  Amount of Deposit in above Accounts: Rs.867 crore

v During the Nine Months ended 31^st Dec, 2014, 74 New Branches were opened & 333 New ATMs were installed. The Total Delivery Channels of the Bank as on 31^st Dec, 2014, stood at 4661 (2200 Branches and 2461 ATMs).

v  The Customer Base of the Bank stands increased to 24.78 million.

v During the Nine Months ended Dec, 2014 Bank recruited 1407 personnel including 530 Officers & 856 Clerks.

v OTHER INITIATIVES DURING Q3

Ø  Festival offer on Home & Car Loans launched with 100% waiver in process fee has been now extended till 31^st March, 2015.

Ø  To boost the Home Loan portfolio, a HOME LOAN POINT has been made functional at B/O New Railway Road, Gurgaon.

Ø  Bank has introduced state Govt. tax, VAT etc collection modules for the state of Odisha. These facilities are also available for states of Delhi, Maharashtra,                 Tamil Nadu, Andhra Pradesh, Rajasthan & West Bengal through Net Banking.

v  LATEST CSR INITIATIVES

Ø  Swachch Bharat Abhiyan: The Bank has earmarked an amount of Rs. 2.00 crore for constructing toilets in various Govt. schools. The Bank has taken up the Project of Swachch Bharat through its own Regional Offices across the country. The construction is being done in Pan India level on Priority and as focused CSR activity, leading towards the dream of a “Clean and Safe” India. Presently Bank has constructed Toilets in 164 Government schools across the country. The entire project as proposed by our Bank is likely to be completed by 31-03-2015.

Ø  St. Michael's Hostel, Jangpura, New Delhi: The Bank adopted 10 poor & needy Girl Children of St. Michael's Hostel, Jangpura, New Delhi for fulfilling their educational, medical and other needs.

Ø  CSR Activity at Benti Village, Lucknow : The Bank awarded scholarships to                20 children of the village, provided benches to Government Schools and constructed/repaired toilets of primary schools of that village. This village has been adopted by Hon’ble Home Minister, Govt. of India under Saansad Adarsh Gram Yojana.

Place  : Gurgaon

Date   : 29.01.2015

Andy

9999 573707