| Net Interest Margin has increased to
4.16% during the first half year ended September 2006 as compared to 4.00%
during the similar period last year.
Bank’s Total Business stood at Rs 2,10,755 crore at the end of September
2006 as compared to Rs 1,73,282 crore at the end of September 2005,
registering a y-o-y growth of 21.6%.
Total Deposits of the bank at the end of September 2006 amounted to Rs
1,28,415 crore as compared to Rs 1,09,414 crore in September 2005,
registering a growth of 17.4% on y-o-y basis. Low cost deposits continued to
be the thrust area of the bank and constituted 48.7% of total deposits.
Advances of the bank at the end of September 2006 amounted to Rs 82,340
crore as compared to Rs 63,868 crore at the end of September 2005,
registering a y-o-y growth of 28.9%.
Credit to Agriculture at Rs 16570 crore in September 2006, showed an
annual growth of 32.7%. Agricultural advances stood at 19.4% of net bank
credit, thus surpassing the national goal of 18%. The bank issued 1.32 lac
Kisan Credit Cards (KCCs) during the first half of 2006-07 taking the
cumulative number to 19.33 lac KCCs.
The bank's advances to the Small Scale sector at the end of September
2006 stood at Rs 9606 crore as compared to Rs 7372 crore at the end of
September 2005, recording a growth of 30.3 %. Ratio of SSI advances to net
bank credit stood at 11.6 % at end of September 2006.
Gross NPAs of the bank declined from Rs 3359 crore in September 2005 to
Rs 3091 crore in September 2006. Gross NPAs as percent to Gross advances
have fallen from 5.09% in September 2005 to 3.67% in September 2006. |
