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Wednesday 21 February 2018
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கடந்த காலாண்டில் இந்தியன் வங்கியின் வருவாய் ரூ.4 ஆயிரத்து 903 கோடி

Indian Bank Q2 net profit rises 11.5% to Rs 452 crore

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Indian Bank Q2 net profit rises 11.5% to Rs 452 crore
By editor – Nov 7, 20170165

Indian Bank Q2 net profit rises 11.5% to Rs 452 crore
FINANCIAL RESULTS FOR THE QUARTER/HALF YEAR ENDED SEPTEMBER 2017

The Board of Directors of Indian Bank approved the Bank’s audited results for the
Period ended September 30, 2017 at their meeting held in Chennai on Monday, November 06, 2017.

Profitability:
Operating profit registered a robust growth of 36.71%, touching `1375.61 crore for the
quarter ended September 30, 2017 as against `1006.21 crore for the corresponding
period of the previous Year. The Operating profit for the half year ended
September 30, 2017 was `2628.00 crore as against `1909.39 crore for the previous half
year ended September 30, 2016.

Net profit at `451.54 crore for the quarter ended September 30, 2017 recorded a
healthy YoY growth of 11.45% as against `405.15 crore for the quarter ended
September 30, 2016. For the half year ended September 30, 2017, the Net profit was
`823.95 crore as against `712.50 crore for the previous half year ended
September 30, 2016.

Total income of the Bank for the quarter ended September 30, 2017 was
`4874.17 crore, up by 6.45% over `4579.02 crore for the quarter ended
September 30, 2016. For the half year ended September 30, 2017, the same was
`9662.21 crore as against `9091.98 crore for the previous half year ended
September 30, 2016.

Net interest income (interest income less interest expenditure) surged by 20.76% for
the quarter ended September 30, 2017 and touched `1543.67 crore from
`1278.26 crore for the quarter ended September 30, 2016. For the half year ended
September 30, 2017 the same was `3003.15 crore as against `2514.58 crore for the
previous half year ended September 30, 2016.

Net revenues (Net interest income plus other income) boosted by a YoY growth of
21.22%, reached `2258.26 crore for the quarter ended September 30, 2017 as against
`1862.88 crore for the corresponding quarter of the previous year. Net revenues for the
half year ended September 30, 2017 was `4369.81 crore as against `3540.87 crore for
the previous half year ended September 30, 2016.

Net interest margin (NIM) (Domestic) grew by 22 basis points and touched 2.92% for
the quarter ended September 30, 2017 as against 2.70% for the quarter ended
September 30, 2016. NIM (Domestic) for the half year ended September 30, 2017 was
2.85%.

Other income (non-interest revenue) grew aggressively by 22.23% over the
corresponding quarter ended September 30, 2016 and at `714.59 crore for the quarter
ended September 30, 2017, it was 31.64% of the net revenues. For the half year ended
September 30, 2017, the same was `1366.66 crore.

Operating expenses for the quarter ended September 30, 2017 was `882.65 crore, as
against `856.67 crore during the corresponding quarter of the previous year. Operating
expenses for the half year ended September 30, 2017 was `1741.81 crore.
Cost-to-income ratio was well contained at 39.09% for the quarter ended
September 30, 2017 as against 45.99% for the corresponding quarter ended September
30, 2016. Cost-to-income ratio for the half year ended September 30, 2017 was 39.86%
as against 46.08% for the half year ended September 30, 2016.

Provisions and contingencies for the quarter ended September 30, 2017 was
`924.06 crore mainly triggered by cases referred to NCLT as against `601.06 crore for
the corresponding quarter ended September 30, 2016. For the half year ended
September 30, 2017, the same was `1804.05 crore as against `1196.89 crore for the
previous half year ended September 30, 2016.

Return on Average Assets (RoA) at 0.79% for the quarter ended September 30, 2017
recorded a sequential growth of 13 basis points (Q1 17-18 : 0.66%) and was maintained
at the same level as for the corresponding period last year. RoA for the half year ended
September 30, 2017 was 0.73% as against 0.69% for the previous half year ended
September 30, 2016.

Return on Equity (RoE) improved by 38 basis points to 11.98% for the quarter ended
September 30, 2017 as against 11.60% for the quarter ended September 30, 2016.
For the half year ended September 30, 2017, RoE was 12.00%.

Assets & Liabilities:
Total balance sheet size as of September 30, 2017 was `2,29,958 crore as against
`2,05,522 crore as of September 30, 2016 thereby showing a YoY growth of 11.89%
Total deposits as of September 30, 2017 were `1,98,669 crore, recording an increase
of 11.51% over September 30, 2016.

Robust growth of 23.97% in Domestic CASA deposits thereby increased its share to
37.15% of total domestic deposits as on September 30, 2017 from 33.56% as on
September 30, 2016. Growth in CASA was primarily driven by an increase of 43.51% in
Current account deposits over the previous year to reach `12,029 crore and
supplemented by a growth of 20.66% over the previous year in Savings account
deposits to reach `59,687 crore.

Advances at `1,44,206 crore as of September 30, 2017 grew by 14.21% over
September 30, 2016 (`1,26,266 crore) contributed by growth in all the sectors viz., Retail
(21.06%) [Of which Housing loan – 19.69%, Mortgage loan – 60.37% and
Vehicle loan – 26.55%], Agriculture (12.64%), MSME (28.91%), Corporate/Other Loans
(7.83%) and Overseas advances (10.74%).

Capital Adequacy:
The Bank’s total Capital Adequacy Ratio (CAR) as per Basel III guidelines, was at
13.16% as at September 30, 2017 (14.34% as at September 30, 2016) as against a
regulatory requirement of 10.25% including Capital Conservation Buffer of 1.25%.
Tier-I CAR was at 11.66% as on September 30, 2017 compared to 12.66% as at
September 30, 2016. Risk-weighted Assets were at `1,37,511.05 crore
(`1,18,937.32 crore as at September 30, 2016).

Asset Quality:
Gross non-performing assets was contained at 6.67% of Gross advances as on
September 30, 2017, trimmed by 61 bps from 7.28% as on September 30, 2016. Gross
non-performing assets as on June 30, 2017 was 7.21%

In turn, Net non-performing assets came down from 4.62% as on September 30, 2016
to 3.41% of net advances as on September 30, 2017 with a sharp reduction of 121 bps.
Net non-performing assets as on June 30, 2017 was 4.05%

Stressed Advances as a percentage of Gross advances reduced to single digit
i.e. 9.69% as on September 30, 2017 from 12.35% as on September 30, 2016
Recovery from Bad debts improved by 62.08% for the Half Year ended
September 30, 2017 over September 30, 2016.

Network:
Bank’s Customer touch points as of September 30, 2017 was 8593 which included
2695 Domestic branches, 3 Overseas branches, 3202 ATM/BNAs and 2693 active
Business Correspondents. 1442 Domestic branches (54%) are in semi-urban and rural
areas.

Number of employees of the Bank were 20,328 as of September 30, 2017.
National Goals:

Priority Sector portfolio increased from `50,903 crore as of September 30, 2016 to
`57,891 crore as of September 30, 2017. Priority sector advances as a percentage of
ANBC stood at 46.55% as against regulatory requirement of 40% as on
September 30, 2017.

Advances to Weaker Section increased from `14,972 crore as on September 30, 2016
to `15,949 crore as on September 30, 2017, which forms 12.83% of ANBC (Regulatory
requirement 10%)

PRADHAN MANTRI MUDRA YOJANA (PMMY): Disbursements during the current
Financial Year were to the tune of `910.09 crore under various schemes viz., Shishu,
Kishore and Tarun.

Enrolled 78737 APY customers during the Current Financial Year, averaging
31 per branch as against the target of 30 per branch – Stood Third among all the
Banks.

Categorised under “APY – Crowning the Challengers Campaign” Gold Category by
Pension Fund Regulatory and Development Authority (PFRDA)

New Technology Initiatives:
Digital Transactions: Ranked first among Public Sector Banks in achievement of target
for Digital Transactions given by Government of India upto August 2017 (As per the Data
provided by Ministry of Electronics and IT (MEITY)

Bharat Bill Payment System: Launched Bharat Bill Payment System (BBPS) through
Internet Banking mode, an integrated payment bill payment system in India offering
interoperable and accessible bill payment service to customers through a network of
agents, enabling multiple payment modes and providing instant confirmation of
Payment.

NTRP and EPFO Payment Handling: One among the very few public sector Banks
empanelled by Non Tax Revenue Portal (NTRP) and Employees Provident Fund
Organisations (EPFO) for handling their online collections.

Awards and Accolades – Half Year September 2017:
Awards for ‘IT initiative for Transparency in the organization’ and ‘Vigilance
Awareness Initiative’.

First Prize among Public Sector Commercial Banks for Excellence in performance
under Self Help Groups (SHG) Bank Linkage Programme in Tamil Nadu during the year
2016-17.

Assocham Services Excellence Award in Banking Services.
“First Rank – National Award for Excellence in lending to Micro Enterprises
during 2015-16”.

‘SHG award’ for contribution to SHG movement, being one among the two PSBs which
has credit linked the largest number of SHGs.

Indian Bank soars 9% post Q2 results
Shares of Indian Bank climbed 9 per cent on Monday after the public sector lender reported 11.45 per cent year-on-year rise in net profit at Rs 451.54 crore for the quarter ended September 30, 2017. It had posted net profit of Rs 405.14 crore in the corresponding quarter last year.

The stock closed the day at Rs 377.45, up 8.71 per cent.

Total income of Indian Bank jumped to Rs 4,874.16 crore during the quarter under review against Rs Rs 4,579.01 crore in the same period last year.

Asset quality of the bank improved during the quarter gone by with the gross non-performing assets (NPAs) coming down to 6.67 per cent of the gross advances, as against 7.21 per cent in the sequential quarter ended June 30, 2017.


கடந்த காலாண்டில் இந்தியன் வங்கியின் வருவாய் ரூ.4 ஆயிரத்து 903 கோடி
சென்னை, பிப்.13- இந்தியன் வங்கியின் இயக்குனர் குழுமத்தின் கூட்டம் சென்னை ராயப்பேட்டையில் உள்ள அலுவலகத்தில் நேற்று நடைபெற்றது. இந்த கூட்டத்தில், 2017-18-ம் ஆண்டுக்கான 3-வது காலாண்டு (அக்டோபர் முதல் டிசம்பர்) மற்றும் 9 மாதம் வரையிலான (ஏப்ரல் முதல் டிசம்பர்) இந்தியன் வங்கியின் நிதிநிலை அறிக்கை மற்றும் லாப-நஷ்ட கணக்கு அறிக்கைக்கு ஒப்புதல் அளிக்கப்பட்டது.

பின்னர் இதுதொடர்பாக இந்தியன் வங்கியின் தலைமை நிர்வாக இயக்குனர் கிஷோர் காரத் நிருபர்களுக்கு பேட்டியளித்தார். அப்போது அவர் கூறியதாவது:-

வங்கியின் மொத்த வருவாய் கடந்த டிசம்பர் 31-ந்தேதி அன்றுடன் நிறைவடைந்த காலாண்டில் ரூ.4 ஆயிரத்து 903.08 கோடியாக உள்ளது. இது கடந்த ஆண்டு ரூ.4 ஆயிரத்து 557.26 கோடியாக இருந்தது. 9 மாத காலத்தில் மொத்த வருவாய் ரூ.14 ஆயிரத்து 565.29 கோடியாக உயர்ந்துள்ளது. கடந்த ஆண்டு இதே காலகட்டத்தில் ரூ.13 ஆயிரத்து 649.24 கோடியாக இருந்தது.

வங்கியின் இயக்க லாபம் காலாண்டில் 18.42 சதவீதம் அதிகரித்து ரூ.1,209.22 கோடியாக உள்ளது. 9 மாத காலத்தில் 30.94 சதவீதம் வளர்ச்சி பெற்று ரூ.3 ஆயிரத்து 837.23 கோடியாக அதிகரித்துள்ளது.

மூலதனங்கள் மீதான சந்தை மதிப்பு சரிவு, பத்திர வருவாய் மற்றும் இதர ஒதுக்கீடுகள் காரணமாக நிகர லாபம் கடந்த காலாண்டை விட ரூ.70.41 கோடி குறைந்துள்ளது. இந்த காலாண்டு நிகர லாபம் ரூ.303.06 கோடி ஆகும்.

9 மாத காலத்தை ஒப்பீடும் போது நிகர லாபம் 3.78 சதவீதம் உயர்ந்து, ரூ.1,127.01 கோடியாக உள்ளது. வங்கியின் கடன்கள் ரூ.1 லட்சத்து 53 ஆயிரத்து 120 கோடியாக இருக்கிறது. இதில் வீட்டு வசதி கடன்-23.12 சதவீதம், வாகன கடன்-28.96 சதவீதம், விவசாய கடன்-21.48 சதவீதம், சிறுகுறுந்தொழில் கடன் -38.35 சதவீதம், கார்ப்பரேட் கடன்-13.97 சதவீதம் என கடன்கள் அடங்கும்.

‘டிஜிட்டல்’ பண பரிவர்த்தனையில் மத்திய அரசு நிர்ணயித்த இலக்கை எட்டி பொதுத்துறை வங்கிகளில் இந்தியன் வங்கி முதலிடத்தை பெற்றுள்ளது. இவ்வாறு அவர் கூறினார்.

பேட்டியின்போது நிர்வாக இயக்குனர்கள் எம்.கே.பத்தசார்யா, ஏ.எஸ்.ராஜூவ் ஆகியோர் உடன் இருந்தனர்.




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