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Banks Results For The Quarter / Nine Months Ended December 2020
Posted on: 10/Feb/2021 10:00:00 AM
• Net profit at ₹165 crore in Q3 FY 21, as against ₹155 crore in the samequarter of preceding year thus registering a growth of 6.45%.
• Net Interest Income of the Bank improved to ₹2228 crore in Q3 FY’21 ascompared to ₹2022 crore in Q3 FY’20, registering a growth of 10.19%.
• Total Business of Bank at ₹504728 crore as on 31 st December 2020, asagainst ₹474846 crore as of 31 st December 2019, registering a growth of6.29%
• CASA Deposits % increased from 45.82% as at Q3 FY’20 to 48.11% in Q3FY’21, an improvement of 229 bps.
• PCR improved from 73.73% as at Q3 FY’20 to 84.19% in Q3 FY’21.
• Gross NPA improved from 19.99% as at Q3 FY’20 to 16.30% in Q3 FY’21.
• Net NPA improved from 9.26% in Q3 FY’20 to 4.73% in Q3 FY’21.
• Cost of Deposits improved to 4.28% from 5.08% on Y o Y basis.
• NIM improved to 2.97% from 2.92% on Y o Y basis.
PRODUCTIVITY:
• Net Profit per Employee improved to ₹2.07 lakh in Q3 FY’21 asagainst ₹1.82 lakh in Q3 FY’21.
• Business per Employee has increased to ₹15.72 crore in Q3 FY’21 asagainst ₹13.83 crore in Q3 FY’20.
• Business per branch has improved from ₹101.85 crore in Q3 FY’20 to₹109.32 crore in Q3 FY’21.
BUSINESS HIGHLIGHTS:
• Total Deposits increased to ₹323872 crore in Q3 FY’21 from₹308435 crore in Q3 FY’20 registering a Y o Y growth of 5.00%.
• Retail Loans as of Q3 FY’21 increased to ₹49111 crores compared to₹44174 crores as of Q3 FY’20, registering a Y o Y growth of 11.18%.
• RAM (Retail, Agriculture, and MSME) advances increased to ₹116843crore against ₹107594 crore registering a growth of 8.60%. RAMconstitutes 64.61% of Total Advances.
BRANCH SEGMENTATION:
• Bank is having pan India presence with network of 4617 branchesspanning 64% in rural & semi-urban areas and 3589 ATMs as onQ3 FY’ 21.
DIGITAL BANKING:
• Transactions through Alternate Channels improved to 75.25% during 9months ended 31.12.2020 as against 55.87% in corresponding period ofprevious year.
• Mobile Banking user’s base increased to 30.78 lakhs with average 0.27lakhs transactions per day from 24.89 lakhs users with 0.22 lakhstransactions per day as of 31 st March 2020.
• UPI transactions during the year are on average of 19.61 lakhs per dayas against 10.10 Lakhs per day as of 31 st March 2020.
• Active Debit Card users are 2.59 crore as on 31 st December 2020 asagainst 2.42 crore as on March 31 st , 2020.
FINANCIAL INCLUSION:
• Under Pradhan Mantri Jan Dhan Yojana, B Bank has opened around 3.60lakh new accounts during the quarter. Outstanding balance in thePMJDY accounts as on Q3 FY’21 was ₹3785.28 Crore.
• Total enrollment under Pradhan Mantri Suraksha Bima Yojana(PMSBY), Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) andAtal Pension Yojana (APY) increased to 48.68 lakh, 16.15 lakh and11.63 lakh respectively as on 31.12.2020 as against 44.33 lakhs, 14.78lakhs and 8.18 lakhs respectively as on 31.12.2019.
• Amount of transactions via Business Correspondent network increasedfrom 6374.24 crores in Q3 FY’20 to 7402.13 crores in Q3 FY’21.
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