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Transcript of 1 Udupi - Heritage Museum & Financial Research Centre.
CORPORATION BANKHead Office, Mangalore – 575 001
Financial Highlights H1- FY2011-12 1
Udupi - Heritage Museum & Financial Research Centre
2
Contents of Presentation
An Overview of the Bank
Performance Highlights
I T initiativesFinancial Inclusion & New
initiativesAwards & Recognition
Looking forward
2
3
► Corporation Bank was founded in the Year 1906 in Udupi a small town in South India
► Nationalized in the year 1980 and went public in 1998
► The Bank holds a unique record of posting profits right from inception
► Uninterrupted dividend payment track record since inception – Declared highest ever Dividend of 200% for FY2010-11
► A Mid sized Bank which is a leader in Technology Adoption and financial inclusion
The Bank
4
Time Line
Established at Udupi in Karnataka State by Shri Haji Abdullah Haji Bahadur Saheb Bahadur
Head Office shifted to Mangalore
1906
1961
Bank was Nationalised1980
First Bank to launch Cash Management Services1991
Bank came out with IPO and was oversubscribed by 10.8 times
1998
Bank Operationalised inter connected ATM network and launched Internet Banking facility
2001
2006 Bank celebrated Centenary Year and crossed `50,000 crore of Total Business
Bank implemented Core Banking solutions at all branches
2006
Bank crossed `200,000 crore of Total Business and declared highest ever 200% Dividend
2011
5FY2002
+4KFY2003
+3KFY2004
+4KFY2005
+8KFY2006
+11KFY2007
+16KFY2008
+22KFY2009
+28KFY2010
+33KFY2011
+48K
18924 21725 2319127233
32876
42357
55424
73984
92734
116748
10987 12029 1389018546
2396229950
3918648512
63202
86850
2991133754 37081
45779
56838
72307
94610
122496
155936
203598
Deposits AdvancesTotal Business Polynomial (Total Business)
` in Crore
Total Business doubled in THREE years span and 8 times in 10 years
Sustained Business growth over last decade
6
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
2046.242370.20
2768.653054.92
3374.893765.45
4228.51
4896.51
5774.87
7137.81
Net Worth over last decade
` in Crore
Net worth increased by 3.5 times over 10 years span
7
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
623
852 907
1057954
11401251
1797
2137
2622
308416
504402 444
536
735
893
1170
1413
Operating ProfitMoving average (Operating Profit)Moving average (Operating Profit)Net ProfitPolynomial (Net Profit)
Profit growth over last decade
Operating Profit increased by 4 times in last decade & doubled in last 3 years span
Net Profit increased by 4.5 times in last decade & almost doubled in last 3 years span
` in Crore
8
Financials
FY 2011-12 – Half year / Q2
FY 2012 – Q2 Highlights
NET PROFIT
`401 Crore
OPERATING PROFIT
`700 Crore
NET INTEREST INCOME
`744 Crore
Income
`3489 Crore
NET PROFIT
`752 Crore
OPERATING PROFIT
` 1276 Crore
NET INTEREST INCOME
`1451 Crore
Income
`6757 Crore
FY 2012 Highlights - 6 months
9.8% 6.9% 2.7% 44.4%
14.0% 22.1% 6.8% 46.4%
Growth % Y-O-Y 9
Profitability
Net Profit Operating Profit
351.73
573.48
401.11
700.13
Q2 FY11 Q2 FY12
Net Profit Operating Profit
685.51
1193.87
752.56
1276.54
Sept-10(6M) Sept-11(6M)
(` in crore)
10
FY 2011 Q2
FY 2012 Q2
Growth %Q2/Q2
FY 2011 H1
FY 2012 H1
Growth %Y-O-Y
Operating Profit 573.48 700.13 22.1% 1193.87 1276.54 6.92%
Net Profit 351.73 401.11 14.0% 685.51 752.56 9.78%
Book Value per Share
379.91
450.39
532.67
FY10(H1) FY 11(H1)FY 12(H1)
(In `) Earning per Share
77.09
95.58101.61
FY 10(H1) FY 11(H1)FY 12(H1)
11
Shareholder Returns
Dividend paid
125%
165%
200%
FY 2009 FY 2010FY 2011
(annualised)
Sept-07 Sept-08 Sept-09 Sept-10 Sept-11
Total Business 78,408 103,825 133,456 166,700 202,247
Growth [y-o-y %] 18.76% 32.42% 28.54% 24.91% 21.32%
Total business growth y-o-y `35,547 crore
Total business growth y-o-y 21.32%
Total business has almost doubled within a span of 3 years 78408
103825
133456
166700
202247
Sep-07 Sep-08 Sep-09 Sep-10 Sep-11
(` in crore)
TOTAL BUSINESS
Deposits grew at 24.45% y-o-y to reach `120,613 crore
Average Deposits grew at 29.84% to reach `114,320 crore
CASA grew at 8.41% y-o-y to `26,306 crore as on 30.09.11
SB; 16645
CA; 9660
TERMDEP; 94308
DEPOSITS BREAKUP
SB CA TERMDEP
(13.8%)
(8%)
` in Crore
13
Savings Bank Deposits
14850 16645
Sep-10 Sep-11
12.09% y-o-y
CASA
24264
26306
Sep-10 Sep-11
Deposits Portfolio
21.8% of Deposits
(78.2%)
Advances portfolio achieved a steady growth.
Advances grew at 17% y-o-y to reach `81,634 crore
Average advances grew at 28.68% y-o-y to reach `77,030 crore
Major component of loan book was Large Industries (39.3)
SME advances grew by 57.4% y-o-y
Yield on advances increased to 11.46% as against 9.59% in H1 of FY2011
Agriculture, 5779, 7%
SME, 12793, 16%
Large Industry, 32073, 39%
Retail, 16072, 20%
Wholesal
e Trad
e, 992, 1%
Food
Credit, 1379,
2%
Others, 12546,
15%
ADVANCES BREAKUP
Agriculture SME
Large Industry Retail
Wholesale Trade Food Credit
Others
` in Crore
14
Healthy growth of Credit
[` in Crore]
* Capital market as % to Net worth of March 2011**Guarantees on behalf of brokers Rs.421 crore, Advances against shares Rs.68 crore, advances to brokers Rs.10 crore
Sector Mar-11 Sep-10 Sep-11 Growth % (y-o-y)
% to NBC as at Sep ‘11
a. Real Estate 13,576 9,690 13,550 39.8% 16.6%
Housing - Direct 6,025 4,908 6,323 28.8% 7.7%
Housing - Indirect 4,617 1,901 4,256 123.9% 5.2%
Comm. Real Estate 2,934 2,881 2,971 3.1% 3.6%
Of Comm. Real Estate:
Corp Rental 729 976 620 -36.5% 0.8%
Builders 1,795 1,531 1,752 14.4% 2.1%
Others 510 384 599 56.0% 0.7%
b. Capital Market * 1,331 1,111 1,234 11.1% 1.5%
Credit ** 673 527 606 15.0% 0.7%
Investment (Equity) 658 584 628 7.5% 0.8%
c. Commodities 767 701 782 11.6% 1.0%
Total 15,674 11,502 15,566 35.3% 19.1%
d. NBFC 4220 2678 3484 30.1% 4.3%
- of which M F I 701 446 627 40.58% 0.7%
15
Exposure to sensitive sector
Sept 2010
Sept 2011
% to total NBC
[Sept-11 [%]
Deployment to Total
Sept-10 [%]
Deployment to Total
Sept-11[%]
Growth % S’11/S10
y-o-y
Infrastructure [Breakup in next slide]
11,377
12,838 15.7% 32.1% 29.2% 12.8%
Chemicals, Dyes, Paints 2,586 2,165 2.7% 7.3% 4.9% -16.3%
Engineering 2,179 2,556 3.1% 6.1% 5.8% 17.3%
Gems & Jewellery 1,265 1,848 2.3% 3.6% 4.2% 46.1%
Textiles 2,828 3,419 4.2% 8.0% 7.8% 20.9%
Iron & Steel 2,147 2,326 2.8% 6.1% 5.3% 8.3%
Metals & Metal Products 905 1,347 1.7% 2.6% 3.1% 48.8%
Petroleum 3,101 992 1.2% 8.7% 2.3% -68.0%
Food Processing 1,199 1794 2.2% 3.4% 4.1% 49.6%
Cement 1,059 935 1.1% 3.0% 2.1% -11.7%
Others 6,790 13,739 16.8% 19.1% 31.2% 102.3%
Total35,43
643,95
9 53.8% 100% 100% 24.1%
16
Industry wise Credit exposure[` in Crore]
[` in Crore]
INFRASTRUCTURE – BREAK UP
Sept-10 % to NBC Sept 10
Sept-11 % to NBC Sept 11
% growth over Sept 10
Power 6,578 9.4% 6,663 8.2% 1.3%
Telecomn. 1,475 2.1% 2,056 2.5% 39.4%
Roads & Ports 1,239 1.8% 1,540 1.9% 24.3%
Hospitals 98 0.1% 112 0.1% 14.3%
Educational Institutions
608 0.9% 745 0.9% 22.5%
Others* 1,379 2.0% 1,722 2.1% 24.9%
Total 11,377 16.3% 12,838 15.7% 12.8%
*Others include Info Park, SEZ, Construction relating to projects involving agro-processing / storage of agro products, etc.
17
Industry wise Credit exposure (contd..)
Mar-11 Sep-10 Sep-11 Y-o-y Growth %
15,671 12,516 16,072 28.4%
18.0% to NBC
17.93% to NBC
19.70% to NBC
Housing, 53%
Education, 10%
Vehicle, 6%
Mortgage, 5%
Personal, 2%
Corp Vyapar, 2%
Corp Mitra, 1%
Other Schemes, 22%
[` in Crore]
Segment Amount % to NBC
Housing 8,524 10.4%
Vehicle 1,596 2.0%
Education 1,015 1.2%
Mortgage 772 0.9%
Personal 242 0.3%
CorpVyapar 274 0.3%
Corp Mitra 130 0.2%
Others 3,519 4.3%
Total 16,072 19.7%
18
Retail lending
[` in crore]
Particulars Mar-11 Sept-10 Sept-11*
Agriculture% to ANBC
5,5138.72%
6,88310.89%
5,7796.65%
Small Enterprises% to ANBC
10,70716.94%
7,25911.49%
11,88613.69%
Other Priority Sectors% to ANBC
7,98012.63%
6,96511.02%
8,1029.33%
Total Priority Sector Deployment% to ANBC
24,199
38.29%
21,107
33.40%
25,767
29.67%
Priority Sector Lending
* ANBC as on 31st March 2011 is Rs.86,850 crore
PARTICULARS 30.09.2010 [H1]
30.09.2011 [H1]
Growth (%) Sep 11/Sep
10
Total Income 4,678.10 6,757.48 44.45%
Interest Income 4,126.22 6,069.06 47.09%
a) from Advances 2,871.56 4,414.59 53.74%
b) from Investments 1,123.53 1,449.05 28.97%
c) Others (Swap, RIDF, Call) 131.13 205.42 56.65%
Non-interest Income 551.88 688.42 24.74%
Of which : Core Area Non core area
324.86227.02
385.19303.23
18.57%33.57%
` in Crore
20
Total Income
Sep 2010 [H1]
Sep 2011 [H1]
Growth (%) (Sep 11/Sep 10)
Non-interest Income from Core areas (Comm. Exchange, Brokerage)
324.86 385.19 18.57%
Breakup of Non-interest income from Non-core Areas: 227.02 303.23 33.57%
Profit on Exchange Trans. 39.53 50.52 27.81%
Profit on Sale of Investments 77.60 157.56 103.05%
Dividend on Shares 3.62 7.10 95.91%
Cash Management Services 16.40 16.12 -1.73%
Bad Debts Recovery / Write back 89.87 71.93 -19.97%
Total Non-Interest Income 551.88 688.42 24.74%
Non-Interest income excluding Profit on sale of investments 474.28 530.86 11.93%
(` in crore)
21
Non-interest Income
Fee Income
324.86
385.19H1 FY11 H1 FY12
(` in crore)
22
Increase y-o-y 18.57%
Fee Income – Core Areas
52.7356.49
63.54
79.17
22.5028.04
82.72
Fee Income – Breakup
23
PARTICULARS 30.09.2010 [H1]
30.09.2011 [H1]
Variance % (Sep 11/Sep
10)
Total Expenses 3,484.23 5,480.94 57.31%
Interest Expenses 2,773.03 4,617.90 66.53%
a) Interest on Deposits 2,375.86 4,239.56 78.44%
b) Interest on Borrowings 397.17 378.34 -4.74%
Operating Expenses 711.20 863.04 21.35%
a) Salaries 357.37 449.84 25.87%
b) Other Operating Expenses
353.83 413.20 16.78%
Salaries (Excl. of AS15 Provisions) 277.37 308.84 11.35%
AS-15 Provisions [excluding 2nd option for pension] 80.00 85.70 7.12%
AS-15 Provisions - 2nd option for pension 0.00 55.30 100%
Total Salaries 357.37 449.84 25.87%
(` in crore)Total Expenses
Break up of Salaries
Net Interest Income
1353.19
1451.16H1 FY11 H1 FY12
FY 07 FY 08 FY 09 FY 10 FY 11
NII 1,308 1,443 1,574 1,903 2,940
% Growth
15.9% 10.3% 9.1% 20.9% 54.4%
NII for the last 5 years
(` in crore)
24
Net Interest Income
Net Interest Income
695.97
743.60Q2 FY11 Q2 FY12
Particulars Jun 11 [Q1]
Sep 10 [Q2]
Sep 11 [Q2]
Growth S’11/S’10 Abs %
Growth Q2 /Q1Abs %
Interest Income 2,978.32 2,138.84 3,090.74 951.90 44.5% 112.42 3.8%Non-interest Income 289.69 245.40 398.73 153.33 62.5% 109.04 37.6%Non-int. income from core areas (Comm. Exch., Brokerage) 186.27 162.76 198.92 36.16 22.2% 12.65 6.8%
Non-Int . Income from Non-core areas 103.42 82.64 199.81 117.17 141.77% 96.39 93.2%
Total Income 3,268.01 2,384.24 3,489.47 1,105.23 46.4% 221.46 6.8%Interest Expenses 2,270.76 1,442.87 2,347.14 904.27 62.7% 76.38 3.4%Salaries etc. 215.11 186.60 234.73 48.13 25.79% 19.62 9.1%Other Operating Expenses 205.73 181.29 207.47 26.18 14.4% 1.74 0.8%
Total Expenses 2,691.60 1,810.76 2,789.34 978.58 54.0% 97.74 3.6%Interest Spread 707.56 695.97 743.60 47.63 6.8% 36.04 5.1%Provisions & Contingencies 224.96 221.75 299.02 77.27 34.8% 74.06 32.9%
(` in crore)
Income / Expenses Quarterly Comparison
26
PARTICULARS Sept 2010 [H1]
Sept 2011 [H1]
Operating Profit 1,193.87 1,276.54
Provisions 508.36 523.98
a. For Bad & Doubt Debts 207.08 262.80
b. On Standard Assets 0.00 0.00
c. Investment Depreciation 16.55 89.82
d. Income Tax 284.12 151.97
e. Others* 0.61 19.39
Net Profit 685.51 752.56
(` in crore)Break up of Provisions
*Others include Rs. 16.87crore towards Sacrifice amount of RestructuredAdvances & Rs.2.51 crore towards others. Operating Profit after providing for Rs.55.30 crore towards 1/2 amount of amortised 2nd option pension liability and other AS15 provisions of Rs.85.70 crore.
March’11 Sep’11
Net Worth (` in crore)
7,138 7,890
CRAR- Basel I 12.90% 13.31%
Tier I 7.95% 8.19%
Tier II 4.95% 5.12%
CRAR – Basel II 14.11% 13.58%
Tier I 8.69% 8.36%
Tier II 5.42% 5.22%
• Bank is well capitalised• CRAR 13.58%
CRAR UNDER BASEL II
CRAR TIER I TIER II
14.11%
8.69%
5.42%
13.58%
8.36%
5.22%
Mar 11 Sep 11
27
Government of India has contributed Rs.309 crore to equity capital in March 2011.Current year profit not reckoned for CRAR
Capital adequacy
28
Cost/ Yield/ NIM [annualised]
Mar 11 (FY)
June 11 (Q1)
Sept 11 [Q2]
Sept 10 [H1]
Sept 11 [H1]
EARNING RATIOS:
a Cost of Deposits 5.74% 7.27% 7.56% 5.40% 7.42%
b Cost of Funds 5.31% 6.73% 6.84% 5.06% 6.79%
c Yield on Advances 10.05% 11.15%11.75
% 9.59% 11.46%
d Yield on Investments 7.19% 7.68% 7.78% 7.01% 7.73%
e Yield on Funds 7.83% 8.83% 9.00% 7.53% 8.92%
fInterest Spread (NIM)
2.85% 2.41% 2.43% 2.82% 2.42%
Key Ratios
Mar 11 [FY]
June 11 (Q1)
Sep11 (Q2)
Sep10 (H1)
Sep11 (H1)
Earnings / Efficiency Ratios:
a. Cost to Income Ratio 38.50% 42.20% 38.71% 37.33% 40.34%
b. Operating Expenses To AWF 1.41% 1.25% 1.29% 1.30% 1.27%
c. Net Profit to Total income 13.51% 10.75% 11.49% 14.65% 11.14%
d. Return on Assets (%) 1.21% 1.04% 1.17% 1.25% 1.11%
e.Return on Equity (%) (Net Profit / Net Worth)
20.70% 18.77% 20.33% 21.22% 19.08%
f. Asset Utilisation (%)(Operating Profit to Average Working Fund)
2.25% 1.71% 2.04% 2.18% 1.88%
g. Earning Per Share (`) 98.50 94.90 108.31 95.58 101.61
h. Book Value Per Share (`) 497.62 505.59 532.67 450.39 532.67
29
Key Ratios
{Ratios annualised}
30
Key Ratios – Quarterly Comparison
Cost/ Yield/ NIM/ROA
FY 2010-11 FY 2011-12
Sep (Q2)
Dec (Q3)
Mar (Q4)
Jun (Q1)
Sep(Q2)
EARNING RATIOS:
a Cost of Deposits 5.60% 5.72% 6.40% 7.27% 7.56%
b Yield on Advances 9.82% 10.12% 10.52% 11.15% 11.75%
c Yield on Investments 7.06% 7.30% 7.44% 7.68% 7.78%
d Interest Spread (NIM) 2.88% 2.96% 2.77% 2.41% 2.43%
e Cost to Income Ratio 39.08% 33.96% 40.38% 42.20% 38.71%
f ROA 1.30% 1.23% 1.12% 1.04% 1.17%
31
Mar 11(FY)
June 11 (Q1)
Sept 10 (H1)
Sept 11 [H1]
a. Business per Employee 1572.79 1,514.72 1,333.81 1,547.30
b.Net Profit per Employee (Annualised) 10.92 10.83 10.97 11.51
c. Net Profit per Branch (Annualised)
103.84 103.22 116.58 109.46
d.Average Business per Branch 11557.90 14,189.94 12,577.55 13,916.36
e.Total Business per Branch
14,959.43 14,440.98 14,175.18 14,708.87
[Rs. In lakhs]
Productivity Ratios
• Investment growth (y-o-y) `23.69 crores
• Average Investments growth (y-o-y) 16.91%
Sept 2010 Sept 2011 Growth %
Investments of which : Mutual Funds RIDF
39,032642
3368
48,27813184056
23.69%
Investments excl. RIDF/MF 34,265 42,904 25.21%
Trading Profit 77.60 157.56 103.05%
Yield on Inv. [%] 7.01% 7.73%
[` In crore]
32
Investments
Sep-09 Sep-10 Sep-11
3616439032
48278
Investments
Duration [Yrs] Sep-09 Sep-10 Sep-11
AFS 2.97 2.09 1.42
HFT 0.57 1.17 0.56
Category (Incl. Of MF/RIDF) % to total
Sep-09 Sep-10 Sep-11
HFT 0.67% 0.65% 0.81%
AFS 37.53% 27.31% 25.92%
HTM 61.80% 72.04% 73.27%
Category (Excl. Of MF/RIDF) % to total
Sep-09 Sep-10 Sep-11
HFT 0.95% 0.74% 0.91%
AFS 21.58% 29.71% 26.19%
HTM 77.47% 69.55% 72.90%
33
Treasury Management
` in Crores
34
Movement of NPAs
30.09.10 31.03.11 30.09.11
Gross NPAs at the beginning of the year
650.94 650.94 790.23
Add: Additions 346.12 812.94 665.54
Less: Recoveries Up-gradation write off
39.4849.14
168.14
68.4462.51
542.70
32.7051.16
291.93
Gross NPA at the end of the period
740.30 790.23 1,079.98
Gross Credit 70,203 87,213 81,935
Gross NPA % 1.05% 0.91% 1.32%
Net NPA 269.56 397.74 745.02
Net NPA % 0.39% 0.46% 0.91%
Provision Coverage Ratio 78.51% 74.70% 84.72%
35
SECTOR
NPASep-10 Mar-11 Sep-11
A/cs Amt% of NPA
to Exp.A/cs Amt
% of NPA to Exp.
A/cs Amt% of
NPA to Exp.
PRIORITY AGRICULTURE 23977 172.58 2.56 26499 216.93 3.94 12837 216.40 3.75 SME 11891 111.38 1.37 10608 110.60 1.03 5090 181.57 1.53 OTHER PRIORITY 26406 212.52 3.05 22125 136.29 1.71 9385 170.84 2.11 TOTAL 62274 496.48 2.37 59232 463.82 1.92 27312 568.81 2.21
NON- PRIORITY
LARGE INDUSTRY 40 68.60 0.21 19 140.91 0.40 28 281.15 0.64
WHOLESALE TRADE
97 5.81 0.58 57 9.49 0.86 36 3.44 0.35
OTHERS 25308 169.41 1.09 23096 176.01 0.64 10562 226.58 2.02 TOTAL 25445 243.82 0.50 23172 326.41 0.52 10626 511.17 0.91 GRAND TOTAL 87719 740.30 1.05 82404 790.23 0.91 37938 1079.98 1.32
Sector wise NPAs ` in Crores
36
SECTOR
DELINQUENCYSep-10 Mar-11 Sep-11
A/cs Amt% of
Dlq. to Exp.
A/cs Amt% of
Dlq. to Exp.
A/cs Amt% of
Dlq. to Exp.
PRIORITY AGRICULTURE 8007 125.01 1.86 12464 209.32 3.80 5025 65.22 1.13 SME 1166 44.75 0.55 1590 59.70 0.56 1783 109.89 0.92 OTHER PRIORITY 3850 58.99 0.85 5335 61.34 0.77 5108 120.61 1.49 TOTAL 13023 228.75 0.85 19389 330.36 1.36 11916 295.72 1.15NON- PRIORITY LARGE INDUSTRY 4 55.92 0.17 8 201.33 0.58 11 177.68 0.40 WHOLESALE TRADE 13 4.20 0.42 16 11.66 1.06 19 7.85 0.79 OTHERS 4156 57.25 0.37 5306 269.59 0.98 5789 184.29 1.64 TOTAL 4173 117.37 0.24 5330 482.58 0.77 5819 369.82 0.66 GRAND TOTAL 17196 346.12 0.42 24719 812.94 0.93 17735 665.54 0.81
Sector wise Delinquency ` in Crores
(` in crores)
Sl No
Item Number Amt
1 Proposals approved and implemented up to 30.09.2011
15004 3,797.92
2 Proposals approved and implemented up to 31.03.0901.04.09 to 31.03.1001.04.10 to 31.03.1101.04.11 to 30.09.11
4,7287,6411852
783
2,406.00357.87380.01645.04
3 % of Restructured accounts to Advances 4.64%
37
Restructured Accounts
Period ended → 30.09.10 30.09.11
Branches 1176 1375
ATMs 1159 1256
Branchless Banking Units [Grameen Vikas Kendras]
1408 2618
Total 3743 5249
Growth y-o-y BranchesATMsGVKs
96121837
19997
1210
The Bank has 2 representative offices at Dubai & HongKong38
Branch Network
J&K1/1
HP10/5
DELHI74/133
UTTARAKHAND7/5
CHANDIGARH4/6
PUNJAB39/32
RAJASTHAN29/22
KARNATAKA347/364
ANDHRA133/92
TN141/133
KERALA79/49
P’CHERY2/1
GOA46/26
MAHARASHTRA 139/122
GUJARATH 69/59
ORISSA13/10
CHATTISGARH14/8
MADHYAPRADESH28/24
UP89/70
WB41/36
ASSAM5/1
BIHAR7/6
JHARKHAND6/5
MEGHALAYA2/1
SIKKIM1/1
BRANCH NETWORK30.09.2011
BRANCHES 1365
ATMs 1256
INCREASING REACH
26 States and 3 U.T.s covered
2 Rep offices at Dubai & HongKong
DADRA1/0
HARYANA47/44
TRIPURA1/0
39
58.52%
25.49% 7.05%5.05%
0.30%3.59%
Government of India 58.52%
LIC of India 25.49%
Resident Individuals 3.59%
NRI 0.30%
FIs, MFs, Banks & Corporate bodies 7.05%
FII & Overseas body corporates 5.05%
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Share holding pattern – 30.09.2011
TOP SHARES HOLDERS OTHER THAN GOVT. OF INDIA % LIC OF INDIA HOLDING % TO EQUITY
RELIANCE CAPITAL TRUSTEE CO. LTD A/C RELIANCEBANKING FUND 1835815 1.24BAJAJ ALLIANZ LIFE INSURANCE COMPANY LTD. 1665476 1.12MATTHEWS INDIA FUND 1554331 1.05ICICI PRUDENTIAL INFRASTRUCTURE FUND 1203404 0.81GENERAL INSURANCE CORPORATION OF INDIA 902581 0.61RELIANCE CAPITAL TRUSTEE CO LTD-RELIANCE LONGTERM EQUITY FUND 777200 0.52RISING INDIA FOCUS FUND LIMITED 734845 0.50THE NEW INDIA ASSURANCE COMPANY LIMITED 483018 0.33LSV EMERGING MARKETS EQUITY FUND LP 442700 0.30PINEBRIDGE INVESTMENTS ASIA LIMITED A/C PINEBRIDGE 440044 0.30
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Clientele base increased to 131.89 lakhs as at 30.09.11 from 110.52 lakhs as at 30.09.10
All 1451 units under CBS – 100% of branches/offices under Core Banking
The Bank has operationalised and networked 1256 ATMs, across the country inclusive of 8 Biometric ATMs.
No. of Debit cards issued 5.45 million 0.45 lakhs Campus Cards issued covering 93 institutions 16077 POS Terminals have been installed at different
merchant establishments all over the country. Mobile Banking and SMS Banking operational with many
value added servicesVAT collection at Maharashtra, Gujarath, Andhra Pradesh and Goa are enabled
E-Stamping system launched in Delhi, Bangalore & Mangalore
First Bank to launch Tax-payment through ATMOnly Bank to facilitate payment of LIC premia through branches
First Bank to launch ASBA [Application supported by Blocked amount]
Sole Banker for TRAI for facilitating online registration of Telemarketers
Bank has introduced Interbank Mobile Payment Service [IMPS] to facilitate funds transfer across Banks using mobile phones
Information Technology Initiatives
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Bank has operationalised banking services in all 334 locations allocated by various SLBCs, 13 locations by way of Branch Model and 321 locations by way of BC Model, by 31st December 2010, 15 months ahead of the schedule i.e. 31.03.2012
Branchless Banking operational in 2618 locations. Added 1210 new locations during the period from 01.10.2010 to 30.09.2011
Total number of “no-frill” accounts stood at 13.88 lakhs and the CGCC cards issued was at 23726
Bank has established a Trust, viz., Gramina Abhyudaya Financial Literacy and Credit counselling Trust to disseminate the banking knowledge to the people. It is proposed to open FLCCs in the lead districts viz., Chikmagalur, Kodagu and Ramnagar.
Bank has implemented Urban Financial Inclusion in 75 urban locations and branded it as Corp Shahari Vitthiya Samaveshana Kendra
Bank has set up a Financial Inclusion Resource Centre at Heritage Centre Udupi
Financial Inclusion – Branchless Banking
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“Corp Convenience – International Visa Signature Debit Card” to provide an exclusive offering to the top customers of the Bank and complement their lifestyle with rewards when they shop, dine or travel.
“Corp Mahila Power” a Savings Bank cum Loan Account for working women or women with independent source of income
“CorpMcash” a new technology product – mobile based valet for Retail payment launched
“Corp Nano Super” Flexi Savings Scheme with sweep facility for Micro Traders / hawkers
“Corp Tutor Fee” scheme for financing tution fees for preparation of entrance examination of professional exams
“Operation Customer outreach” drive to increase retail Term Deposits“Corp CA” to cater the various financial needs of Chartered Accountants“Corp CS” to cater to the various financial need of Company Secretaries “Corp Tax Saver Plus “ deposit scheme with three benefits viz., High interest
rate , Tax benefit under section 80C and Personal Accident Insurance Cover “Corp Home Premium – NRI”, a New Housing Loan scheme for Non-Resident
Indians (NRIs).
New initiatives / Products launched
44The new branch at Amethi along with Branchless Banking Units, Corp Vikas Mobile Van and Financial Literacy and Credit Counselling Centre was inaugurated by Shri Rahul Gandhi, Hon’ble Member of Parliament, Lok Sabha on 20.10.2011 at a function held at Ramalila Maidan in Amethi. Shri Ajai Kumar, Chairman & Managing Director, Corporation Bank presided over the function.
New Branch at Amethi inaugurated by Shri. Rahul Gandhi, Hon`ble Member of Parliament
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Awards / Recognition
Corporation Bank has been Ranked “Number One Nationalised Bank 2010-11” at “FE – India’s Best Banks Awards”. The Best Banks Survey was conducted by Financial Express in association with Ernst & Young – the Knowledge partner for the survey.
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Awards / Recognition
Corporation Bank has been Ranked “Best Mid-Size Public Sector Bank” in the CNBC- TV18 Best Bank and Financial Institution Awards presented by MCX for FY11.
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Awards / Recognition
Corporation Bank has Received the First Prize Under “National Award for Excellence in Lending to Micro Enterprises” for the year 2010-11 from Ministry of Micro, Small and Medium Enterprises, Government of India.
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Awards / Recognition
Corporation Bank has Bagged the Best Manpower Efficiency Award in Public Sector Bank Category, instituted by Federation of Indian Chambers of Commerce and Industry (FICCI) and Indian Banks’ Association (IBA) at FIBAC Banking Awards 2011.
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Looking Forward
Total Business in FY 2011-12 targetted at ` 250,000 crore
Deposits growth 25% to reach ` 146,000 crore
Advances growth 20% to reach `104,000 crore
200 new branches to be opened to make national presence, increase from 1361 to 1561
Exploring the possibility of opening branches /Offices at HongKong, Kenya, Zambia, Bostwana, Malasia, etc.
More Mobile ATMs & Financial Inclusion Resource Centres to be launched
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