यूनियन बँकेने चौथ्या तिमाहीच्या आर्थिक परिणामांची केली घोषणा
Performance Highlights of FY2020
Key Highlights
v
Domestic
Business of the Bank grew by 4.4% (y.o.y) to Rs.10,28,348 Cr as at March
2020 from Rs.9,84,921 Cr in corresponding period last year. v
CASA
Deposits increased by 12.2% (y.o.y) to Rs.1,96,207 Cr as at March 2020. Domestic
CASA share improved (y.o.y) by 173 bps to 32.59% as at March 2020. v
Retail
Term deposit grew by 11.4% (y.o.y) to Rs.2,58,612 Cr as at March 2020. v
Retail
Credit increased by 12.1% (y.o.y) to Rs.79,800 Cr with Housing loan growing
by 18.0% (y.o.y) as at March 2020. v
Operating
Profit stood at Rs.9360 Cr in
FY20. ü
During
Q4 FY20, operating profit stood at Rs.2041 Cr. v
Non
interest income stood at Rs.7,813 Cr in FY20 with growth of 18.8% (y.o.y). ü
During
Q4 FY20, Non interest income stood at Rs.2,175 Cr with growth of 16.8% (y.o.y). v
CRAR
(Basel III) stood at 13.65% as at March 2020,
increased by 175 bps (y.o.y). v
Gross NPA ratio at 8.21%,
down by 62 bps (y.o.y) while Net NPA ratio at 4.22%, down by115 bps (y.o.y) as at March 2020. v
Provision Coverage Ratio
(PCR) improved significantly by 773 bps y.o.y from 68.13% as at March 2019 to 75.86% as at March 2020.
/
Key Summary of Business Performance (as on 31.03.2020)
Business
v Global Business increased by 3.2% (y.o.y) to Rs.10,76,574 Cr as at March
2020 with Global
Deposits at Rs.6,25,351 Cr (4.4% y.o.y) and Global Advance (gross) at Rs.4,51,223
Cr (1.6% y.o.y).
v Domestic Deposit of the
Bank stood at Rs.6,01,664 Cr as at March
2020 with growth of 6.3% (y.o.y).
v Domestic Advances (gross) of the Bank stood at Rs.4,26,684 as at March 2020 with growth of 1.8% (y.o.y).
v
Retail
Lending Portfolio increased 12.1% y-o-y to Rs.79,800 Cr as at March 2020
ü Housing Loan Portfolio
increased 18.0% y-o-y to Rs.39,611 Cr
ü Vehicle loans & other
personal loans grew by 10.6% (Rs.10,446 Cr) and 5.3% (Rs.20320
Cr) respectively.
v Advances to Agriculture
grew by 6.1% (y.o.y) to Rs.96,043 Cr as at March
2020.
Income and
Profitability for Q4 FY20
v Operating profit stood at
Rs.2041 Cr as at Q4 FY20. However, there is a net loss of Rs.3259 Cr as at Q4
FY20 due to increased provisions.
v Total Income of the Bank
increased by 1.6% (y.o.y) to Rs.14,222 Cr as at Q4 FY20
v Non-Interest Income
increased by 16.8% (y.o.y) to Rs.2,175 Cr as at Q4 FY20
Income and
Profitability for Financial Year 2020
v Operating profit stood at
Rs.9360 Cr in FY20. However, there is a net loss of Rs.2236 Cr in FY 20 due to
increased provisions.
v Total Income of the Bank
increased by 6.3% (y.o.y) to Rs.56,748 Cr in FY20.
v Non-Interest Income increased
by 18.8% (y.o.y) to Rs.7,813 Cr in FY20.
Asset Quality
v Gross Non-Performing Assets (GNPA) ratio reduced to 8.21%
as at March 2020 down from 8.36% as at December 2019 and 8.83% as at March 2019.
v Net Non-Performing Assets (NNPA) ratio reduced to 4.22%
as at March 2020 down from 5.05% as at December 2019 and 5.37% as at March 2019.
v Provision Coverage Ratio (PCR) improved to 75.86% as at March
2020 from 68.13% as at March 2019.
Capital Adequacy
v CRAR as on March 2020
improved to 13.65% as at March 2020 from 11.90% as at March 2019. Out of which
Tier-I is 10.12% and Tier-II is 3.53% as at March 2020.
Priority Sector
& Financial Inclusion
v The Bank has achieved Targets
in Priority Sector and Agricultural Credit at 44.66% and 18.58% of ANBC as at
March 2020, as against the mandatory target of 40% and 18% respectively.
v Credit to Weaker Sections
stood at Rs.94,619 Cr as at March 2020 (18.48% of ANBC, exceeding the target of
10%).
v Credit to women
beneficiaries stood at Rs.59,827 Cr ( 14.72% of ANBC as against the target of
5%).
v Bank has opened 76.38 lakhs
accounts under PMJDY and mobilised CASA deposits of Rs.2874 Cr as at March 2020.
Network
v As on 31.03.2020, the Bank
has 6329 number of Branches. Rural:1826, Semi-Urban:2004, Urban:1226 &
Metro:1273, and 8850 number of ATMs.
Digitalization
v Percentage share of
transactions through Alternate Delivery Channels stood at 74% as at March 2020.
v Internet Banking Services
users increased by 76% (y.o.y) to 109 lakhs as at March 2020.
Awards
v Best innovation in Banking technology award for CANDI
Branch received in IDRBT banking technology innovation contest.
v Canara DiYA won Silver in SKOCH Awards 2019.
v IBA's 15th Annual Banking Technology Award 2020 received
for Most Customer-Centric Bank using Technology
v FINNOVITI 2020 award received for CANDLE for one of the
best innovation in financial sectors’ technology.
v Canara Bank won Tax Deductor of the Year Award for
recognition of timely compliance to the TDS/TCS provisions of Income Tax Act.
v ‘SIDBI-ET INDIA MSE AWARD-2019’ for noteworthy Lender to
MSE – (Public Sector Bank) Award Category.
Goals: March 2021
v Thrust on business expansion and augmenting market share.
v Improving retail business and shoring up CASA.
v Balanced growth in advances with proper mix of Retail,
Agri, MSME & Corporate Credit.
v Verticalization for better business augmentation and
customer service.
v Feet-on –street for lead generation, collection and
recovery.
v Focus on NPA management with strategic actions on
strengthening credit monitoring, containing fresh slippages and augmenting
recovery efforts.
v Strengthening digital capabilities and offerings for
better customer service and acceptability with end to end digital solutions.
v Process Improvements to minimize turnaround time and
improve efficiency to enhance productivity.
Bank’s preparedness and support amid
Covid-19 challenges
v
In the
wake of Covid-19 pandemic the Bank has been successfully managing business
operations through focused measures to serve the customers effectively.
v
97% of our branches were operational during the nationwide
lockdown period.
v
We
tapped our digital potential, thus taking the total number of E-transactions at
23.94 Cr with an amount of Rs.5,16,217 Cr during the lockdown.
v
The
Bank accelerated Business Correspondent (BC) services with 119 lakh transaction
& Rs.3,792 Cr business during 31st March 2020 to 15th June 2020.
v
Introduced
CANARA CREDIT SUPPORT as part of Emergency Credit Line Facilities to Covid-19
affected customers. Loans worth Rs.1571 Cr has been disbursed to 73031 accounts
under MSME so far.
v
Introduced
Guaranteed Emergency Credit Line (GECL) for eligible MSME customers. Loans
worth Rs.2755 Cr has been disbursed to 177343 accounts.
Amalgamation of
SyndicateBank into Canara Bank
v
Amalgamation
of SyndicateBank into Canara Bank has become effective from April 1, 2020.
v
The
combined entity will have enhanced capabilities with best-in-class products &
processes for better value to all the stakeholders.
v
Amalgamation
would synergize the common history, culture, ethos and vision of both banks and
also leverage the legacies, strength and best practices.
v
Amalgamated
Bank will have
Improved
presence in all States & Union territory of the country
Conveners
of SLBC in 2 states viz., Karnataka & Kerala and Convener of UTLBC of Lakshadweep
Lead
bank responsibilities in 60 districts of major States/UTs
Combined
network of 10403 branches and 13406 ATMS
Customer
base of over 13 Cr with Total business of Rs.15.58 Lakh Cr Comprising Deposits
of Rs.9.07 lakh Cr and Gross Advances of Rs. 6.51 Lakh Cr
Positioned
as 4th largest public sector
bank in the country
Realizing
synergy benefits from cost and income synergies
v
Interoperable
services (12 key services) are provided in all the branches of Amalgamated Bank
from 01.04.2020.
v
Revised
Organizational Structure at Head Office with specialized verticals to
concentrate on business growth and control/compliance mechanism.
v
Four
Tier Organizational Structure with 24 Circles and 176 Regional Offices
commenced functioning from 27.04.2020.
v Having a strong work force of over 90,000 employees.
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