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Central Bank of India’s operating profit increases from Rs 4344 Cr to Rs 4630 crore

Published in Banking & Finance Thursday, 10 June 2021 16:01



 *          Central Bank of India's  Operating Profit increased from ₹ 4344 Crore to ₹4630 Crore(6.58%) during FY’21 over FY’20 and from ₹ 517 Crore to ₹ 688 Crore (33.08%) during Q4’ 21 over Q4’20 on Y-o-Y basis.

 

*            Net NPA improved from 7.63% to 5.77% in Mar’21 over Mar’20 registering an improvement of 186 bps.

 

*            With improved performance, the net loss reduced from ₹ 1121 Crore to₹888 Crore (20.79%) for FY’ 21 over FY’ 20 and from ₹1529 Crore to ₹1349 Crore during Q’4 21 (11.77%) on Y-o-Y basis.

 

*            Provision Coverage Ratio (PCR) improved from 77.29% to 82.54% in Mar’21 over Mar’20 registering an improvement of 525 bps.

 

PROFITABILITY:

 

*            Net Interest Income (NII) improved from ₹ 7629 Crore to ₹ 8245 Crore(8.07%) during FY’21 over FY’20. However NII declined from ₹1926 Crore to ₹ 1516 Crore (-31.96%) during Q4’21 on Y-o-Y basis.

 

*            Operating Profit increasedfrom ₹ 4344 Crore to ₹ 4630 Crore (6.58%) during FY’21 over FY’20 and from ₹ 517 Crore to ₹ 688 Crore (33.08%) during Q4’ 21 over Q4’20 on Y-o-Y basis.

 

 

 

*            Cost to Income ratio improved from 61.44% to 59.43% during FY’21 over FY’20 and from 80.99% to71.57 % during Q4’21 over Q4’20on Y-o-Y basis registering an improvement of 942 bps.

 

*            Cost of Deposit improved from 5.11 % to 4.35% during FY’21 over FY’20 and from 5.05% to 4.00 % during Q4’21 over Q4’20 on Y-o-Y basis registering an improvement of 105 bps.

 

*            Yield on Advance declined from 7.53% to 6.63% during FY’ 21 over FY’ 20 and from 7.77% to 4.98% during Q4’21 over Q4’20 on Y-o-Y basis.

 

*                 Business per Employee has increased from ₹14.06 crore to ₹15.60 crore in FY’21 over FY’20 and from₹14.41 crore to ₹15.64 crore during Q4’21 on Y-o-Y basis.

 

 

ASSET QUALITY:

 

 

*                 Gross NPA improvedfrom 18.92% to16.55% in Mar’21 over Mar’20 registering an improvement of 237 bps.

 

*                 Net NPA improved from 7.63% to 5.77% in Mar’21 over Mar’20 registering an improvement of 186 bps.

 

*                 Provision Coverage Ratio (PCR) improved from 77.29% to 82.54% in Mar’21 over Mar’20 registering an improvement of 525 bps.

 

*                 Credit Cost increased from 2.55% to 2.92% during FY’21 over FY’20 and from 3.91% to 7.16 % during Q4’21 over Q4’20 on Y-o-Y basis.

 

*                 Slippage ratio improved from 6.02% to 4.40% during FY’21 over FY’20. However the same has declined from 0.28% to 3.91% during Q4’21 over Q4’20 on Y-o-Y basis. Accounts with outstanding of ₹ 1414.26 Crore where OTR was invoked before Mar’ 21 but implemented in April ’21.  Otherwise the Slippage Ratio would have been 3.39%for the FY’21 and 2.98 % during Q4’21.

 

CAPITAL:

 

*            CRAR improved from 11.72% to 14.81% for FY’21 over FY’20 registering a growth of 309 bps. Share of CET1 increased from 9.33 % to 12.82% registering an improvement of 349bps.

 

*            Bank’s Net worth has improved from ₹18466.90 crore as of March 31st 2020 to ₹22702.90 crore as on March 31st 2021.

 

DIGITAL BANKING:

 

 

*            Strong Digital Banking setup Ranked No. 1 as per score card issued by MeitY for January 2021.

 

*            Transactions through Alternate delivery Channels improved from 66.54% to 77.63% in FY’21 over FY’20.

 

*            The average volume of UPI transactions per day touched 21.62 lakhs, in FY’21 compared to 10.10 lakhs in FY’20.

 

*            Active Debit Card users are 2.66 crore as on March 31st, 2021 as against 2.40 crore as on March 31st, 2020.

 

 

BRANCH SEGMENTATION:

 

*            Bank is having pan India presence with network of 4608 branches spanning 63.69% (2935 branches) in rural & semi-urban areas and 3644 ATMs as on 31st March 2021.

 

BUSINESS HIGHLIGHTS:

 

 

*            Total Business improved from ₹ 486007 Crore to ₹ 506886 Crore during FY’21 over FY’20 registering a Y-o-Y growth of 4.30%.

 

*            Aggregate deposits improved from ₹ 313763 Crore to ₹ 329973 Crore during FY’ 21 over FY’20 registering a growth of ₹ 16210 Crore (5.17%).

 

*            CASA share in Total Core Deposits has improved from 46.83% to 49.24% during FY’21 over FY’20 registering an improvement by 241 bps.

 

*            Retail Loans increased from Rs. 46106 crore to ₹49468 crore as on 31st March 2021 on Y-o-Y basis registering a growth of 7.29 %.

 

*            RAM increased from ₹ 109775crore to 118031 crore (7.52%) during FY’21 over FY’20. Corporate loan shredded from ₹ 62469 crore to ₹ 58882 crores (-5.74%) during FY’21 over FY’20.

 

 

 

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