The operating profit has increased by 11% y-o-y basis to Rs998 crores against corresponding Q4 of 2012-2013. Net profit stood at Rs. 409 crore in Q4 2013-14 against Rs.592 crore in Q4 of 2012-13 down by 31% y-o-y basis. The main reason being non availability of MAT credit of Rs.114 crore accounted in Q4 of last financial year.
Domestic CASA deposits stood at 29.90% of total domestic deposits as at 31.3.2014.
Savings Bank deposits has gone up by 11% compared to Q4 of 2013.
Despite the stress in economy the gross NPA stood at 2.62% in Q4, FY 2013-14 against 1.99% of Q4, FY 2012-13. However compared to preceding quarter it has come down from 2.80%.
Board has recommended a Final Dividend of 30% apart from Interim Dividend of 25% paid in Jan 2014, making the total dividend 55%.
As part of overseas business, the London branch business increased by 33% compared to previous financial year.
The bank has opened 317 branches during this year reaching a total of 3251 including the London branch. It has presence in all states and union territories of India. The bank has an all women’s branch in Makupura, Ajmer making the number of all women’ branches to 4.
The bank has also been awarded the Banking excellence award 2013 for the second best public Bank in overall performance by State forum of bankers Club in Kerala.
The Bank aims at recruiting around 5000 new staff and start bigger training centres at Delhi and Mumbai.
