INDIAN NEWS & TIMES

Saturday, October 21, 2017

IMG_1150Bank posted Operating Profit of INR 2,648 crore during Q1 FY18. Profit after Tax (PAT) at INR 203 crore registering growth of 31% QOQ.

Gross NPA and Net NPA stood at INR 46,173 crore and INR 19,519 crore respectively as on June 30, 2017.

Gross NPA and Net NPA ratios at 11.40% and 5.17% respectively as at June 30, 2017.

Provision Coverage Ratio (PCR) retained well above 65% and stood at 66.28% as on June 30, 2017. PCR excluding TWO improved consistently during the last 4 quarters and stood at 57.73% as on June 30, 2017.

Domestic deposits grew by a healthy 10.66% on YOY basis contributed by a robust growth of 26.82% in Domestic CASA deposits on YOY basis.Bank-Of-BarodaDomestic CASA as percentage of domestic deposits on terminal basis stood at 38.77% as on June 30, 2017 as compared to 33.83% as at June 30, 2016. On average basis, Domestic CASA percentage stood at 37.70%.

While Domestic credit grew by 8.67% on YOY basis, Retail Credit portfolio posted a robust growth of 19.5% on YOY basis.

Continued focus on recovery and collections.

Bank maintains its capital Adequacy ratios above regulatory requirements with CRAR (Basel III) at 11.81%; Tier – I at 9.77% and CET – I at 8.83%.

Bank’s customer base increased to 73 million.

The Bank’s Transformation journey Project Navoday continues to be on track.