Mr S. L. Bansal (second from left) CMD, Oriental Bank of Commerce
accompanied by EDs Mr S. C. Sinha & Mr V Kannan announcing the
Annual Financial Results 2011 – 12 in New Delhi . Also seen in the
picture is Mr R L Aggarwal , CFO.
Page 1 of 8
PRESS RELEASE
FINANCIAL RESULTS FOR THE YEAR 2011-12
Amt.
(YoY Growth)
Business Mix
Rs. 2,69,000 crore
(14.04%)
Deposits
Rs. 1,56,000 crore
(12.16%)
Core Deposits
Rs. 1,13,000 crore
(23.36%)
Advances
Rs. 1,13,000 crore
(16.74 %)
Customer Base
18.25 million
NET PROFIT
Rs. 1142 crore
CD RATIO AT 72.68%
GROSS NPA AT 3.17%
NET NPA AT 2.21%
Performance Highlights for the Fourth Quarter of FY 2011-12
 Yield on Advances increased by 183 bps (Q4 to Q4) to reach 12.65% from
10.82%.
 Interest Income increased by 30.58% (Q4 to Q4).
 Non Interest Income increased by 14.65% (Q4 to Q4).
 Net Interest Margin (NIM) stood at 2.68%.
 CRAR of the Bank is at 12.69% under BASEL-II (Tier-I Capital: 10.12%; Tier –II
Capital: 2.57%).
 100% system driven classification and provisioning of NPAs.
Page 2 of 8
PROFIT
 Net Profit of the Bank stood at Rs.265 crore for Q4 of FY 2011-12 as compared to
a profit of Rs.334 crore for Q4 of FY 2010-11 largely due to the provisioning for
restructured advances.
 Net Profit for Financial Year ended 31st March, 2012 stood at Rs.1142 crore as
compared to a profit of Rs.1503 crore for Financial Year ended 31st March, 2011.
 Operating Profit of the Bank stood at Rs.754 crore for Q4 of FY 2011-12 as
compared to a profit of Rs.843 crore for Q4 of FY 2010-11.
 Operating Profit for Financial Year ended 31st March, 2012 stood at
Rs.3141 crore as compared to a profit of Rs.3245 crore for Financial Year ended
31st March, 2011.
BUSINESS
 Total
Business
of
the
Bank
increased
to
Rs.2,69,015
crore
as
on
31st March, 2012 from Rs. 2,35,893 crore as on 31st March ,2011, registering a YoY
growth of 14.04 %.
 Total Deposits increased to Rs.1,55,965 crore as on 31st March, 2012 from
Rs.1,39,054 crore as on 31st March, 2011, registering a YoY growth of 12.16 %.
 Core Deposits increased to Rs.1,12,564 crore as on 31st March, 2012 from
Rs.91,246 crore as on 31st March, 2011, registering a YoY growth of 23.36%.
 Advances of the Bank increased to Rs.1,13,050 crore as on 31st March, 2012 from
Rs.96,839 crore as on 31st March, 2011, registering a YoY growth of 16.74%.
 CASA
Deposit
increased
by
Rs.3480
crore
Rs.34,148 crore registering a growth of 10.19% (YoY).
 CASA Deposits to Total Deposits at 24.13%.
 Credit Deposit Ratio at 72.68%.
Page 3 of 8
to
Rs.37,628
crore
from
INCOME
 Total Income during Q4 of FY 2011-12 increased by 29.23% to Rs.4565 crore from
Rs.3532 crore in Q4 of FY 2010-11 due to healthy growth of 30.58% in Interest
Income which reached Rs.4221 crore.
 Total Income during Financial Year ended 31st March, 2012 increased by 30.71%
to Rs.17,055 crore from Rs.13,048 crore in Financial Year ended 31st March,
2011 due to healthy growth of 30.83% in Interest Income which reached
Rs.15,815 crore.
 Non Interest Income during Q4 of FY 2011-12 increased by 14.65% to
Rs.344 crore from Rs.300 crore in Q4 of FY 2010-11.
 Non Interest Income during Financial Year ended 31st March, 2012 increased by
29.18% to Rs.1240 crore from Rs.960 crore in Financial Year ended
31st March, 2011.
 Net Interest Income during Q4 of FY 2011-12 increased by 5.41% to
Rs.1068 crore from Rs.1013 crore in Q4 of FY 2010-11.
IMPORTANT RATIOS
 Gross NPA ratio stands at 3.17% as at 31st March, 2012 and Net NPA ratio at
2.21%.
 Provision Coverage Ratio at 61.52%.
 Net Interest Margin (NIM) at 2.68% for Q4 of FY 2011-12 and 2.79% for Financial
Year ended 31st March, 2012.
 Return on Assets (RoA) at 0.60% for Q4 of FY 2011-12 and 0.67% for Financial
Year ended 31st March, 2012.
 Cost of Deposit is at 7.99% for Q4 of FY 2011-12 and 7.69% for Financial Year
ended 31st March, 2012.
 Yield on Advances is at 12.65% for Q4 of FY 2011-12 and 12.16% for Financial
Year ended 31st March, 2012.
 Cost to Income Ratio is at 43.67% for Q4 of FY 2011-12 and 42.44% for Financial
Year ended 31st March, 2012.
 Book Value Per Share at Rs.361.20 as on 31st March, 2012 as against
Rs.325.13 as on 31st March, 2011.
 CRAR of the Bank is at 12.69% under BASEL-II (Tier-I Capital: 10.12%; Tier –II
Capital: 2.57%).
Page 4 of 8
 Business per Branch increased to Rs.151.81 crore from Rs.145.61 crore
registering a growth of 4.26 % (YoY).
 Business per Employee increased to Rs.14.62 crore from Rs.14.18 crore
registering a growth of 3.12% (YoY).
DELIVERY CHANNELS
 Bank’s Branch Network stood at 1772 Branches with 19 Extension Counters.
 42 Branches have been opened by the Bank during Q4 of FY-2011-12 and
152 Branches have been opened during Financial Year ended 31st March, 2012.
 Bank Installed 19 New ATMs during Q4 of FY-2011-12. The total number of ATMs
as on 31st March, 2012 stood at 1270 (including 7 Mobile ATMs, 331 offsite ATMs
and 6 Biometric ATMs).
 ATM Coverage is at 71.67% vis-à-vis Branch Network.
 6.88 lac ATM Cards were issued during the year taking the total ATM customer
base to 32.71 lac.
 4.46 lac internet banking users and 24.81 lac customers availing SMS facility.
 81.40% of eligible cash transactions happening through ATMs.
RETAIL CREDIT
 Retail loans (excluding Indirect Housing) at Rs.11,599 crore constituted 10.26%
of Total Advances and grew by 19.74%(YoY).
o Vehicle Loan Portfolio grew by 27.33% (YoY) to reach Rs.1171 crore as on
31st March, 2012 from Rs.920 crore as on 31st March, 2011.
o Education loan Portfolio grew by 8.04% (YoY) to reach Rs.1191 crore as
on 31st March, 2012 from Rs.1102 crore as on 31st March, 2011.
o Direct Housing loan portfolio grew by 18.79%(YoY) to reach Rs.5290 crore
as on 31st March, 2012 from Rs.4453 crore as on 31st March,2011 .
Page 5 of 8
PRIORITY SECTOR
 PS Advances grew by 13.68%(YoY) to Rs.40,527 crore as on 31st March,2012
from Rs.35,651 crore as on 31st March,2011 .
o Agricultural advances grew by 21.15% (YoY) to Rs.15,411 crore as on
31st March, 2012 from Rs.12,721 crore as on 31st March, 2011.
o Bank issued 35,861 Kisan Credit Cards (KCCs) during the Quarter ended
31st March, 2012 with an amount of Rs. 827 crore. Total number of KCCs as
on
31st
March,
2012
was
4,22,611
KCCs
with
an
amount
of
Rs.8756 crore.
MICRO, SMALL & MEDIUM ENTERPRISES
 Number of MSE (Micro & Small Enterprises) Accounts increased to 1,76,978 from
1,69,102 and Bank’s Fund Based exposure under MSE to Rs.17,978 crore from
Rs.15,844 crore thereby registering a growth of Rs.2134 crore i.e. an increase of
13.47% (YoY).
 Number of MSME (Micro, Small & Medium Enterprises) Accounts increased to
1,78,535 from 1,69,883 and Bank’s Fund Based exposure under MSME to
Rs.20,127 crore from
Rs.17,670
crore
thereby registering a
growth
of
Rs.2457 crore i.e. an increase of 13.90 % (YoY).
 17 MSME Specialised Branches and 45 MSME focused Branches were
functional as on 31st March, 2012.
FINANCIAL INCLUSION
 82008 NO FRILLS Accounts were opened during Q4 of FY 2011-12 taking the total
number of NO FRILLS Accounts to 21,35,299 as on 31st March,2012 with an
outstanding balance of Rs.427.29 crore .
 569 Villages have been allotted to the Bank with population of more than 2000 and
all of them (492 Villages through BC Model, 23 through Branch Model & 54
through Mobile Branch Model) have been covered as on 31st March, 2012.
 Bank has opened 492 Ultra Small Branches during the Year.
 4,38,314 No Frill/ Other Savings Accounts have been opened in 569 covered
villages up to 31st March, 2012 covering 3,35,038 households.
 1,59,207 Biometric Cards have been issued in FIP allotted villages and 3,02,289
transactions have been done through the same.
Page 6 of 8
HR INITIATIVES
 Bank recruited 439 personnel including 28 Probationary Officers & 13 Specialist
Officers during Q4 of FY-2011-12.
 During Financial Year ended 31st March, 2012, Bank recruited 2249 personnel
including 452 Probationary Officers & 311 Specialist Officers.
 Bank plans to recruit 2675 personnel including 400 Probationary Officers & 475
Specialist Officers during FY-2012-13.
NEW INITIATIVES
 The Bank has shifted its Corporate Office from New Delhi to Gurgaon. With this,
Oriental Bank of Commerce became the only Public Sector Bank having its
Corporate Office in the State of Haryana.
 LAUNCH OF ORIENTAL REVERSE MORTGAGE SCHEME: To facilitate
particularly group of elderly people, a scheme of reverse mortgage has been
launched as a new Retail Credit product with brand name “ORIENTAL REVERSE
MORTGAGE SCHEME”. The scheme has been formulated on the basis of
operational guidelines received from National Housing Bank.
IT INITIATIVES
 Online Generation of Password through Internet Banking-This feature facilitates our
esteemed Net- Banking customers to generate Login and Transaction passwords
online, in case they forget them. Customers have to register online for this facility
and follow certain validation checks, before they are permitted to generate the
passwords.
 Implementation of 256-bit VeriSign Extended Validation (EV) SSL for Bank’s website
 Implementation of E-payment of VAT for Maharashtra State
 Loans EMI Module in Internet Banking-This new functionality has been recently
implemented and allows Retail Net Banking customers to pay Loan EMI installments
to their own account or third party loan account
 NREGA-Seamless integration of transfer of NREGA file having accounts maintained
by branches of RO Jaipur and RO Sriganganagar through SFTP server and SBBJ
server on daily basis around 9.00 AM.
Page 7 of 8
CSR INITIATIVES
 As a part of its Corporate Social Responsibility, the Bank has set up a Trust in the
name of ‘OBC Rural Development Trust’ on 09.12.2005 for setting up of Rural
Self Employment Training Institutes (RSETIs). The Trust has set up Institutes in
five Districts, viz., Jaipur, Sriganganagar, Ferozepur ,Dehradun & Palwal. Since
inception, a total of 753 training programmes have been conducted benefiting
25,848 candidates. During the Financial Year 2011-12, 170 training programmes
have been conducted benefiting 5236 candidates.
 The Bank has opened 4 Financial Literacy & Credit Counselling (FLCC) Centres
in Karnal and Palwal districts of Haryana, Sriganganagar in Rajasthan &
Ferozpur in Punjab. A total of 13,418 persons were counseled in these FLCCs, out
of which 91 cases were referred for debt restructuring.
 A Project for extending social welfare schemes such as NREGA, Pension, etc. has
been launched in 6 Districts viz. Sriganganagar & Hanumangarh in Rajasthan,
Amritsar, Gurdaspur and Muktsar in Punjab and Jind in Haryana. A total number
of 2,75,766 smart cards have been issued to the beneficiaries in these 6 districts up
to 31st March,2012.
 The Bank has constructed Sulabh Shouchalaya (Public Toilet) at Village 24 LLW
(B) Distt. Hanumangarh Junction, Rajasthan and has made the same available to
the entire village. The same was constructed after observing that out of total
population of 3039, majority of people belonging to low income group have no
access to sanitation facility.
 Ludhiana Region of the Bank identified 31 villages out of 35 allotted villages under
Financial Inclusion Plan (FIP) where drinking water is infected and has carcinogenic
effect. Under CSR activity, Bank has provided Water Purifier System in 31 villages
and in different institutions like Schools, Hospitals, Religious Places etc. to provide
safe drinking water to school children, patients and general public.
 In village Sanpera in District Sonepat, Haryana, allotted under FIP, Tricycles to
physically handicapped person have been distributed under CSR activity.
Place : New Delhi
Date : 30.04.2012
****************
Page 8 of 8