Monday, February 19, 2018



  • The Bank’s Total Business stood at INR9,72,645 crore as at Dec 31, 2017 up by 49 % from INR 9,39,819crore as at Dec 3
    1, 2016.
  • Total Deposits stood at INR5,73,265 crore as at Dec 31, 2017 as against INR 5,89,859 crore as at Dec 31, 2016.
  • Domestic Deposits stood at INR 4,43,469 crore as at Dec 31, 2017 up by 22 % from INR 4,38,104 crore as at Dec 31, 2016. Low Cost CASA Deposits (Domestic) registered a growth of 1.50% YoY.
  • Percentage of CASA deposits to Total Domestic Deposits as at Dec 31, 2017 was 57%up from 40.46% as at Dec 31, 2016.
  • Total Advances (Net) at INR3,99,380 crore as at Dec 31, 2017 increased by 12% from INR 3,49,960 crore as at Dec 31, 2016. Domestic advances (net)grew by 16.38 % toINR2,90,977 crore as at Dec 31, 2017 from INR 2,50,033 crore as at Dec 31, 2016 driven by retail loan growth of33.37% and within retail loan, home loan growth of 44.33%.


Capital Adequacy Ratio of the Bank continues to be above regulatory norms.The CRAR on standalone basis (Basel III)was11.55% as at December 31, 2017. Out of this, the Tier 1 capital was 9.52% and CET 1 Capital was 8.28%. logo


The execution of various strategic initiatives continues to be underway as part of Project Navoday – the Bank’s comprehensive business transformation that seeks to deliver a differentiated world-class customer experience. It aims at improved market share, quality business growth, portfolio diversification and enhanced fee income, with cutting edge digitization of processes, while ensuring due focus is accorded to compliance and controls.

Roll out of various strategic initiatives under Project Navoday continues to transform the Bank.Steps undertaken in retail and corporate banking have started yielding the results in terms of customer convenience, increased offering in terms of bouquet of products to the customers andquality business growth with improved operating performance. New products have been launched which include Supply Chain Financing and Cash Management to meet the requirements of the customers.

Steps taken on digital front have helped in ease of operations for the customers as well as operating staff. Bank has set up a National Shared Services Centre (NSSC) at GIFT City, Gandhinagar and number of processes have been centralized to improve efficiency and control environment. Its coverage in terms of processes and geographies covered continues to expand.

The execution of Project WeLead – a comprehensive leadership development program anchored on behavioural competencies, is continuing as per plan across four parallel tracks, which cover high-potential talent at every level in the Bank.

The Bank is also progressing on the strengthening of the performance management system as part of ‘Sparsh Plus’, aided by the best-in-class technology and digital tools.

In summary, the Bank’s transformation journey is aimed at enhancing shareholder value by focusing on increasing customer and employee satisfaction.