The Board of Directors
of Central Bank of India approved the Bank’s results for the fourth quarter and
the financial year ended March 31, 2019 at their meeting held in Mumbai on
Wednesday, May 15, 2019.
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Major
Highlights – FY 19
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Share of CASA to
Total Deposits increased to 46.21%
as at March 31,
2019 as compared to 42.46%
as at March 31, 2018.
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Provision Coverage
Ratio of the Bank has improved to 76.60% as at
March 31, 2019 from 63.31% as at March 31, 2018.
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Operating Profit
stood at Rs.3127 crore for the full financial year ended
March 31, 2019 as against Rs.2733 crore for the
financial year ended
March 31, 2018.
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Net NPA reduced
to 7.73 % as at March 31,2019 from
11.10%
as at March 31, 2018.
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RAM (Retail, Agriculture,
MSME) stood at 68.78 % of Total Advances.
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Cost of Deposits
reduced to 5.21% from 5.53% on y-o-y.
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NIM improved to
2.54% from 2.47% on y-o-y.
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Bank had made a robust
Cash Recovery of Rs.5659.97 crore during the Year ended March 31,2019
including recovery of Rs.499.41 crore in Technical Write off Accounts as compared to Rs.2719.60
crore including recovery of Rs 316.26 in Technical Write off Accounts in the year ended March 31, 2018
registering increase of 108.12 %
on y-o-y basis . Recovery of Rs.2371.85 crore during the quarter ended March
31, 2019 including recovery of Rs.332.53 crore in Technical Write off Accounts
as compared to Rs. 942.55 crore including recovery of Rs 88.45 crore in
Technical Write off Accounts in the
quarter ended March 31, 2018 .
Upgradation of assets stood at Rs. 567.53 crore in the year ended
March 31, 2019 as compared to Rs. 785.12
crore in the year ended March 31, 2018.
Gross NPA to Gross
Advances further decreased to 19.29% as on March 31, 2019 as against 21.48% as
on March 31, 2018.
Net NPA to Net Advances further reduced to 7.73% as on
March 31, 2019 as against 11.10% as on March 31, 2018 and 10.32% as on December
31, 2018.
Provision Coverage Ratio improved further and stood at
76.60% as on March 31, 2019 from 63.31% as on March 31, 2018 and 69.52% as on
December 31, 2018.
Gross NPA further reduced to Rs. 32356 crore as on March
31, 2019 from Rs. 38130 crore as on March 31, 2018. In percentage terms, Gross
NPA to Gross advances stood at 19.29% as on March 31, 2019 as against 21.48% as
on March 31, 2018
Total Income for the quarter ended March 31, 2019 stood at Rs.6621 crore
as compared to Rs.6302 crore for the quarter ended March 31, 2018. For the full
financial year ended March 31, 2019, Total Income stood at Rs. 25052 crore as
against Rs.26659 crore for the financial year ended March 31, 2018.
Non Interest Income of the Bank stood at Rs. 1144 crore for the quarter ended March 31, 2019 as
compared to Rs. 670 crore for the quarter ended March 31, 2018 registering an
increase of 70.75% . For the full financial year ended March 31, 2019, Non
Interest Income stood at Rs.2413 crore as against Rs.2623 crore for the
financial year ended March 31, 2018.
Operating Profit of the Bank stood at Rs.1519 crore for the quarter
ended March 31, 2019 as compared to Rs. 548 crore for the corresponding quarter
ended March 31, 2018 registering an increase of 177%. For the full financial year ended March 31,
2019, Operating Profit stood at Rs.3127 crore as against Rs.2733 crore for the
financial year ended March 31, 2018 showing an increase of 14.42%
Net Loss for the quarter ended March 31, 2019 stood at Rs.2477 crore as
against Net Loss of Rs. 2114 crore for the quarter ended March 31, 2018. For the full financial year ended March 31, 2019, Net Loss stood at
Rs.5641 crore as against Rs.5105 crore for the financial year ended March 31,
2018.
Total Business of the Bank stood at Rs.467584 crore as at March 31, 2019
as compared to Rs. 472323 crore as at March 31, 2018.
Total Deposits stood at Rs. 299855 crore as on March 31, 2019 from Rs. 294839 crore as on March 31,
2018.
CASA percentage improved to 46.21 % in March, 2019 as against 42.46 % in March, 2018.
Gross Advances of the
Bank stood at Rs.167729 crore as on March 31, 2019 as against Rs. 177484 crore
as on March 31, 2018.
Agriculture Advances stood at Rs. 35655 crore as March 31, 2019 as
against Rs. 30776 crore as March 31, 2018 registering y-o-y increase of 15.85%.
MSME Advances stood at Rs. 31037 crore in March 2019 without PSLC and
Investment in SIDBI and Mudra Ltd.
Retail Loans for the quarter ended March 31, 2019 stood at Rs. 48666 crore constituting 29.01 % of the Total Loans &
Advances.
Housing Loan portfolio of the Bank stood at Rs.23301 crore constituting 47.88
% of the total Retail Portfolio as on March 31, 2019.
Capital Adequacy Ratio (CRAR) as per Basel III stood at
9.61 % as on March 31, 2019, of which, CET1/Tier I capital stood at 7.49 %
and Tier II at 2.12 %.
Bank’s Net worth stood at Rs.16062.89 crore as on March
31, 2019.
Bank is having total 3966 ATMs as on March 31, 2019.
Transactions
through Alternate Delivery channels are 7115 Lakh during FY 2019 (Constitute
60.09 % of Total transaction, increased from 49.84% for FY2018).
POS/ECom
transactions during the year are on an average of 1.80 Lakh per day as against 1.19 Lakh
per day in FY2018.
Mobile
Banking transactions during the year are on average of 0.12 Lakhs per day
UPI
transactions during the year are on average of 3.99 Lakhs per day against 0.81
Lakh during FY 2018.
IMPS
transactions were on average of 1.20 Lakh per day during FY 2019 as against
0.72 Lakh per day in FY 2018.
Debit Card (EMV) issued for FY 2018-19 is 1.95 crore.
Registered users for Net Banking, Mobile Banking and UPI users with
Central Bank - VPA during the quarter ended March 31, 2019 was 41.76 Lakhs,
18.82 Lakhs and 3.92 Lakhs respectively.
BHIM Aadhar Pay(Cent Digi Pay) –53082 as on Mar’2019 as against 6143 as on Mar’2018.
INB Transactions are on average 1.66 Lakh per Day during
FY 2019 as against 1.15 lakh in FY 2018.
Under Pradhan Mantri Jan Dhan Yojana, Bank has opened around 133.28 lakh
accounts having an outstanding balance of Rs. 3043.72 crore as on March 31,
2019.
Total enrollment under Pradhan Mantri Suraksha Bima Yojana (PMSBY),
Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Atal Pension Yojana (APJ)
are 39.66 lakh, 13.66 lakh and 6.08 lakh respectively as on March 31, 2019.
As on 31.03.2019, in Mudra Loan (Shishu, Kishore & Tarun) Bank has
sanctioned Rs. 4754.86 Crore, disbursed Rs.4530.15 Crore and the outstanding
amount is Rs.3413.70 Crore in 2,50,498 accounts.
Our Bank is one of the best performer in APY during the year 2018-19.
Our Bank has received seven awards under various campaigns of PFRDA for APY
enrolment during 2018-19, namely Art of Possible, Quest for Crown, Formation
Day, Winning Wednesday, Lead to Leap, Rise above Rest and Leadership capital
campaign.
Bank is having pan India presence with network of 4659
branches spanning 63.32% in rural & semi-urban areas and 3966 ATMs as on
March 31, 2019.
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