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DENA BANKWELCOMES YOU
ATANALYST MEET
31ST OCTOBER 2011Un - Audited [Reviewed] Quarterly/ Half Yearly
Financial Results For September 30, 2011
KEY INDICATORS
[` cr]
QuarterGrowth
(%)
Half Year
Growth (%)Sept
10Sept 11Sept
10Sept
11
Net Profit160.6
3193.58 20.51 299.42
361.67
20.79
Operating Profit
325.64
352.01 8.10 564.23659.7
516.93
Total Income1340.
381747.1
930.35
2562.15
3399.72
32.69
Total Expenses
1014.74
1395.18
37.491997.9
22739.
9737.14
Provision & Contingencies
165.01
158.43 -3.99 264.81298.0
812.56
NET INTEREST INCOME
[` cr]
Full Year
QuarterGrowt
h (%)
Half Year
Growth
(%)Sept 10
Sept 11March
11Sept 10
Sept 11
Interest Income
5033.53
1221.47
1633.82
33.762336.
143162.
0035.35
Advances3820.4
3913.2
11225.
8734.24
1748.97
2403.01
37.40
Investment
1192.73
303.43
396.60
30.71579.1
5742.7
828.25
Inter Bank
16.27 4.82 11.34135.2
78.01 16.20 102.25
Others 4.10 0.01 0.01 0.00 0.01 0.01 0.00
Interest Expense
3270.16
756.20
1118.93
47.971510.
392200.
5645.69
Deposits3117.3
7719.8
91082.
7650.41
1438.19
2128.32
47.99
Others 152.79 36.31 36.17 -0.38 72.20 72.24 0.05
Net Interest income [NII]
1763.37
465.27
514.89
10.66825.7
5961.4
416.43
NET INTEREST INCOME
[` cr]
Full Year
Quarter Half Year
March 11
Sept 10 Sept 11 Sept 10 Sept 11
Net Interest Income
1763.37
465.27 514.89 825.75 961.44
NET INTEREST MARGIN
[%]
Full Year
Quarter Half Year
March 11
Sept 10 Sept 11 Sept 10 Sept 11
Net Interest Margin
3.17% 3.52% 3.22% 3.17% 3.06%
NON INTERST INCOME
[` cr]
Full Year
QuarterGrowt
h (%)
Half Year
Growth
(%)Sept 10
Sept 11March
11Sept 10
Sept 11
Fee Based Income Core
375.25 91.86 96.57 5.13
171.20
209.32
22.27
Profit from Sale of Securities
24.02 (0.10) 3.98 9.74 5.36 -44.97
Recovery in Written off Advances
134.57 27.15 12.82 -52.78 45.07 23.04 -48.98
Total Non Interest Income
533.84
118.91
113.37
-4.66226.0
1237.7
25.18
PROVISIONS & CONTINGENCIES
[` cr]Full Year Quarter Half Year
March 11 Sept 10 Sept 11 Sept 10 Sept 11
Provisions for NPA
281.25 65.09 65.02 110.03 87.25
Tax Expense 286.96 92.16 77.10 149.14 151.26
Investment Depreciation
47.61 12.55 11.11 8.65 47.92
Standard Assets
11.07 (4.80) 3.09 1.38 (1.03)
FITL (4.78) (0.30) 1.97 (0.54) 2.24
NPV of Restructured Accounts
(8.82) 0.00 0.00 0.00 0.00
ADWDRS 2008 (4.07) 0.24 0.00 (4.07) 0.00
Other Provisions
2.93 0.07 0.14 0.22 10.43
Total Provisions 612.16 165.01 158.43 264.81 298.07
RESOURCES/ DEPLOYMENT
[` cr] 31.03.201130.09.201
030.09.20
11Growth
%
CASA Deposits 22743.31 20926.76 22879.03 9.33
Term Deposits 39261.60 31017.89 39602.11 27.68
Aggregate Deposits
62004.91 51944.65 62481.14 20.28
CASA [%] 35.42 39.12 35.62
Inter Bank Deposits
2204.71 1553.33 1754.53 12.95
TOTAL DEPOSITS 64209.62 53497.98 64235.67 20.07
Gross Advances 45,163 36,541 43,100 17.95
RESOURCES
13,000
15,000
17,000
19,000
21,000
23,000
Sep 09 Sep 10 Sep 11
16,113
20,927
22,879
40,000
45,000
50,000
55,000
60,000
65,000
70,000
Sep 09 Sep 10 Sep 11
45,251
53,498
64,236
Bank has witnessed CAGR of 19.16% in CASA Deposits over last two years.
Bank has witnessed CAGR of 19.14% in Total Deposits over last two years.
ADVANCES
[` cr] 2010-11 Sept 10 Sept 11
Gross Advances
[Growth %]
45163
[26.43]
36541
[21.07]
43,100
[17.95]
MSME
[Growth %]
6784
[20.13]
5447
[5.71]
6,365
[16.85]
Retail
[Growth %]
6136
[14.05]
5,546
[17.95]
6,571
[18.48]
CD Ratio [%] 70.34 68.30 67.10
TREASURY
[` cr]March
11Sept 10 Sept 11
Growth over Sept
10 (%)
SLR Investments 15304.91
14796.26
16770.16 13.34
Non-SLR Investments 3555.31 2382.21 4936.64 107.23
Total Investments 18860.22
17178.47
21706.80 26.36
Of which HFT 562.51
(2.98%)360.23
[2.10%]490.35
[2.26%]36.12
AFS 2598.96
(13.78%)
1918.47[11.17%
]
4389.77 [20.22%]
128.82
HTM 15698.75
(83.24%)
14899.37
[86.73%]
16826.68
[77.52%]
12.94
AFS / HFT Duration [Modified]
2.42 3.86 3.20 -17.10
Portfolio Duration [Modified]
4.45 5.08 4.41 -13.19
BUSINESS MIX
[` cr] Sept 09 Sept 10 Sept 11
Business Mix per Employee
7.14 8.74 10.89
Business Mix per Branch
68.76 77.62 89.37
6
8
10
12
Sep'09 Sep'10 Sep'11
7.14
8.74
10.89
Business Mix / Employee
60
70
80
90
Sep'09 Sep'10 Sep'11
68.76
77.62
89.37
Business Mix / Branch
ASSET QUALITY
[` cr]31.03.20
1130.09.20
1030.09.2
011
Gross NPA 842.24 825.65 830.49
Net NPA 548.95 537.79 491.01
Gross NPA Ratio [%] 1.86 2.26 1.93
Net NPA Ratio [%] 1.22 1.49 1.15
NPA Provision 290.16 281.85 337.63
Provision Coverage Ratio [PCR] [Incl Technical Write Off]
74.62 75.36 77.14
ASSET QUALITY
[` cr]Full Year Quarter Half Year
March 11
Sept 10 Sept 11 Sept 10 Sept 11
Gross NPA
Opening Balance 641.99 801.05 797.24 641.99 842.24
Less:
Cash recoveries 191.05 52.80 42.66 89.69 124.42
Up gradations 171.12 49.42 16.61 75.86 127.80
Write off 196.27 15.79 63.57 33.35 63.89
Total Reductions 558.44 118.01 122.84 198.90 316.11
Add:
Slippage & Debit Operations
758.69 142.61 156.09 382.56 304.36
Closing Balance 842.24 825.65 830.49 825.65 830.49
Recovery in w/o A/c
134.57 27.15 12.82 45.07 23.04
ASSETS QUALITY
[` cr]Full Year Half Year
March 11 Sept 10 Sept 11
Gross NPA 842.24 825.65 830.49
CAPITAL ADEQUACY
[` cr] 31.03.201130.06.20
1130.09.20
1030.09.20
11
Tier I capital 3605.57 3,602.85 2484.54 3614.82
Tier II capital 1343.84 1,266.36 1311.28 1268.10
Total capital funds 4949.41 4,869.21 3795.82 4882.92
Total RWAs 36908.4337,051.6
530876.0
338894.0
3
CRAR – Basel II 13.41 13.14 12.29 12.55
CRAR Core – Basel II
9.77 9.72 8.04 9.29
CRAR – Basel I 11.04 11.38 10.31 10.62
FINANCIAL RATIOS
[` cr]
Full Year
Quarter Half Year
March 11
Sept 10Sept
11Sept 10 Sept 11
Cost of Deposits [%] 5.76 5.54 6.97 5.61 6.84
Yield on Advances [%]
10.24 10.32 11.96 10.00 11.64
Cost to Income [%] 46.73 44.26 43.97 46.35 44.98
Return on Assets [%][annualised]
1.00 1.09 1.11 1.03 1.04
Return on Equity [%]Annualised]
22.98 24.59 21.30 23.55 21.56
Earning Per Share `[non – annualised]*
21.26 5.60 5.81 10.44 10.85
Book Value `[Incl Revaluation Reserve]
123.85 95.76 117.82 95.76 117.82
SHARE HOLDING PATTERN
Govt. of India
58.01%
Mutual Funds1.46%FI &
Banks0.19%
Ins Cos6.31%
FIIs13.06%
Indian Public15.93%
Corp. Bodies4.60%
NRIs & OCBs0.43%
• Share Capital ` 333.39 cr
• No. of Shares 33.34 cr
• Net worth ` 3737.34 cr
• B. V. per share ` 117.82
•Return on Equity 21.56%(annualised)• DENA is a Part of BSE 500,
BSE Midcap, BSE Sectoral [PSU] indices, United Stock Exchange
• Listed on BSE and NSE & in ‘Future and Options’ segment also.
DISTRIBUTION CHANNEL
[` cr]March
11June 11
Sept 11
Branches 1291 1297 1298
Ext. Counters
12 12 12
ATM 496 507 520
Bank is planning to open 100 new Branches in Current Financial Year. Besides this, Bank is also planning to open 58 branches especially for Financial Inclusion Plan. Bank is planning to reach the figure of 757
ATMs by March 2012.
STRATEGIES
SKILL BUILDING : FOR CUSTOMER SATISFACTION & ENHANCED PRODUCTIVITY
Bank has been imparting training to employees as an ongoing process for development and improvement of their knowledge, skill, business confidence. It also keeps them abreast of the latest trends in Banking Industry. These Training programmes are conducted in house and also through other reputed institutes like NIBM, CAB, BTC, ASCI, MDI, JNIDB etc.
Recruitment of fresh talent – Bank has completed the recruitment process of 564 officers (including campus recruitment) in the area of Credit, Agriculture & Forex and also POs. The recruitment of 600 clerks is in process and is expected to complete shortly.
Customer centric grooming of frontline staff. Along with intensive two months’ training programme on credit to create an effective cadre of credit officer, Bank is also re-orienting the frontline staff for better customer service through an in-house programme namely S.M.I.L.E. (Smart, Motivated Intelligent for Leveraging the Emerging Market).
STRATEGIES
Bank has posted FOUR additional Operational General
Managers in each Metro Centre for Business Development
and to reduce the Response Time on Credit Decisions at
Field level.
Bank is planning to open 100 new branches during the
current financial year for which necessary RBI/Board
approval is in place. Besides this, Bank is also planning to
open additional 58 branches for effective implementation
and monitoring of entire financial inclusion exercise.
Bank is on the path of transformation through effective
use of technology. Bank has already achieved 100% CBS,
while constitution of centralized back office function has
relieved frontline staff for business development.
STRATEGIES
Bank has identified Agriculture, MSME and Retail as
thrust areas for lending. To have a focused attention on
these areas of lending, Bank has given exclusive charge of
MSME and Retail to One General Manager and Priority
Sector to another General Manager.
Through ATM sharing agreement, Bank has enabled itself
with more than 70,000 access points. Bank has already
opened 507 ATMs of its own and targeting to take the total
number of ATMs to 757 by March 2012.
Bank will continue to make intense effort for increasing
the CASA Deposits through targeting high value customers
and by increasing the clientele base by 20%.
March 11 Sept 10 Sept 11
Food Processing 298.36 319.63 314.37
Textiles 1207.29 979.77 1311.84
Chemicals and Chemical Products
1126.30 1046.70 1168.04
Basic Metal & Metal Products
1964.07 1757.42 2297.26
All Engineering 906.49 876.12 1045.54
Gems & Jewellery 621.43 580.68 619.87
Construction 106.02 97.33 107.18
Infrastructure 11434.89 9072.04 10196.93
Power 8986.34 6375.48 8399.67
Tele communication 993.58 1166.21 416.37
Roads & Ports 626.84 578.19 621.18
Other Infra 828.13 952.16 759.71