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Bank Of Maharashtra: Performance Highlights for the Nine Months Ended 31st December 2014 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
India Shri S. Muhnot, Chairman & Managing Director, Shri R. Athmaram & Shri R. K. Gupta, Executive Directors, Bank of Maharashtra, announced the performance highlights of the Bank immediately after the adoption of financial results for the nine months ended 31st December 2014 by the Board of Directors.
Highlights of Period Ended - December 2014 (Y-o-Y basis)
Results at a glance –Nine Months Ended 31.12.2014
Business Growth
1) Gross Advances increased from Rs. 87685.86 Crore as on 31.12.2013 to Rs.92999.75 Crore as on 31.12.2014.
2) Credit Deposit Ratio stood at 77.73%.
3) Priority Sector Credit increased by 22.10% to Rs.36589.68 Crore as on 31.12.2014
4) Agricultural advances of the Bank stood at Rs.13901.48 Crore as at the end of December 2014 as against Rs.9739.27 Crore as at December 2013, showing a growth of 42.73%.
5) MSE advances of the Bank stood at Rs.14857.67 Crore at the end of December 2014 as against Rs.14156.97 Crore at December 2013, showing a growth of 4.95%.
6) Retail advances of the Bank stood at Rs.11684 Crore at the end of December 2014 as against Rs.10026.42 Crore at December 2013, showing a growth of 16.54%.
Income:
Asset Quality & Recovery:
In absolute terms the Gross NPAs stood at Rs.6186.66 Crore as on 31.12.2014. Net NPA stood at Rs.4265.44 Crore as on 31.12.2014.
Capital:
Productivity Ratios:
Branch Network
Awards & Recognition BFSI Awards By World HRD
Skoch Awards
Best Bank Award for Managing IT Risk among Mid Size Banks –IDRBT Banking Technology Awards 2014.
Best MSME Bank Award- Large bank- Runner-up- BY CIMSME (Chamber of Indian Micro, Small, Medium & Medium Enterprises)
New Business Initiatives
Performance of Bank in Pradhan Mantri Jandhan Yojana (PMJDY): SSAs/Wards:(SSAs-3051 & Wards 755) Total 3051 SSAs consisting of 10235 villages & 755 wards were allotted to bank. Bank has covered all SSAs by deployment of 2974 Business Correpondent Agents & 77 by branches also completed survey of these SSAs & Wards
No. of Accounts: bank has covered all households by opening account of one member from one family and Opened 20.08 lakh Accounts out of which 13.88 lakh accounts are Aadhar seeded. Bank is highest in AEPS transactions amongst all the banks.
Financial Indicators - I {Period Ended ended 31.12.2013 & 31.12.2014)
(Rs. In Cr.)
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