Indian Overseas Bank announced Q2FY25 results Financial Highlights: Total Business saw a significant year-on-year (YoY) growth of 12.20%, reaching Rs 5,40,801 crore, up from Rs 4,82,006 crore. Total Deposits rose by 13.75% YoY to Rs 3,10,652 crore. Gross Advances increased by 10.16% to Rs 2,30,149 crore. Operating Profit grew substantially by 26.89% YoY to Rs 2,128 crore, up from Rs 1,677 crore. Net Profit also saw a notable increase, rising by 24.32% YoY to Rs 777 crore. Strong Asset Quality and Profitability: IOB has demonstrated exceptional progress in reducing non-performing assets: Gross NPA Ratio decreased by 202 basis points (bps) to 2.72% from 4.74% a year ago. Net NPA Ratio improved by 21 bps to 0.47% from 0.68% YoY. Provision Coverage Ratio (PCR) improved to 97.06%, reflecting an increase of 30 bps YoY. The Return on Assets (ROA) for Q2FY25 reached 0.82%, showing an improvement of 7 bps from the previous year, while Return on Equity (ROE) increased to 16.90%, up by 74 bps YoY. Income and Margin Growth: IOB’s income generation remained strong: Total Income increased by 22.34% YoY to Rs 8,484 crore. Interest Income grew by 17.69% YoY to Rs 6,851 crore. Non-Interest Income saw an impressive YoY growth of 46.59%, reaching Rs 1,633 crore. Additionally, the Net Interest Margin (NIM) stood at 3.08% for the quarter Capital Adequacy: The bank’s Capital Adequacy Ratio (CRAR), under Basel III, remained robust at 17.45%, with a Tier I component of 14.75%. CASA and CD Ratios: CASA deposits improved by 10.61% YoY, totaling Rs 1,31,856 crore, with a CASA ratio of 42.44% as of September 30, 2024. The Credit to Deposit (CD) Ratio stood at 74.09% for the quarter. Result PDF
Central Bank of India announced Q2FY25 results Financial Highlights: Total Income (Interest Income plus Non Interest Income) for Q2FY25 improved by 17.0%, from Rs 8,412 crore in Q2FY24 to Rs 9,849 crore for Q2FY25. Net Interest Income (NII) grew by 12.62% on YoY basis to Rs 3,410 crore for quarter ended Sep 30th 2024, over corresponding period of last year of Rs 3,028 crore. Operating Profit grew by 41.50% on YoY basis to Rs 2,165 crore for quarter ended Sep 30th 2024, over corresponding period of last year of Rs 1,530 crore. Net Profit up by 50.91% to Rs 913 crore in Q2FY25 against Rs 605 crore in Q2FY24. Return on Assets (ROA) improved to 0.85% for Q2FY25 as against 0.62% for Q2FY24. Return on Equity (ROE) also improved to 12.76% annualised for Q2FY25 as against 9.24% for Q2FY24. Asset Quality: Gross NPA improved to 4.59% with an improvement of 3 bps, on YoY basis. Net NPA improved to 0.69% with an improvement of 95 bps, on YoY basis. Provision Coverage Ratio stood at 96.31%, with an improvement of 377 bps, on YoY basis. Capital Adeqacy: Total BASEL III Capital Adequacy Ratio improved to 16.27% (with Common Equity Tier 1 ratio of 14.01%), as on Q2FY25, as compared to 14.82% on Q2FY24, registering an improvement of 145 bps. Business Highlights: Total Business of the Bank, stood at Rs 6,44,858 crore as on Q2FY25 as against Rs 6,02,284 crore registering growth of Rs 42,574 crore (7.07%) on YoY basis. Total Deposits up by 5.57% to Rs 3,91,914 crore from Rs 3,71,252 crore on YoY basis. Gross Advance increased by 9.48% to Rs 2,52,944 crore on YoY basis as against Rs 2,31,032 crore for the same period of preceding year. RAM (Retail, Agriculture & MSME) business grew by 19.95%. The individual sector wise growth stood at 15.48% (Rs 76,373 crore), 17.34% (Rs 50,280 core) & 29.45% (Rs 55,552 crore), respectively, for Retail, Agriculture & MSME. Business per Employee has improved to Rs 19.02 crore for the quarter ended Q2FY25 from Rs 18.60 crore on YoY basis. Bank is having pan India presence with network of 4,528 branches with 2,955 branches in rural & semiurban areas (65.26%), 4,085 ATMs and 11,949 BC Points with total 20,562 Touch Points as on Q2FY25. Result PDF