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DENA BANK
WELCOMES YOU AT
ANALYSTS MEET
6TH FEBRUARY 2012
Un Audited (Reviewed) Quarterly / 9 Months’
Financial Results for the December 31, 2011
KEY INDICATORS
[` cr]Full Year Quarter Growth
(%)
Nine Months Growth
(%)Dec 10 Dec 11March 11 Dec 10 Dec 11
Operating Profit
1223.79 316.43 393.17 24.25 880.67 1052.91 19.56
Net Profit 611.63 155.21 186.68 20.28 454.63 548.35 20.61
Total Income 5567.37 1416.95 1810.21 27.75 3979.10 5209.94 30.93
Total Expenses
4343.58 1100.52 1417.04 28.76 3098.43 4157.03 34.17
Provision & Contingencies
612.16 161.22 206.49 28.08 426.04 504.56 18.43
NET INTEREST INCOME
[` cr]Full Year Quarter Growth
(%)
Nine Months Growth
(%)Dec 10 Dec 11March 11 Dec 10 Dec 11
Interest Income
5033.53 1289.89 1676.24 29.95 3626.03 4838.24 33.43
Advances 3820.43 986.37 1292.77 31.06 2735.35 3695.78 35.11
Investment 1192.73 299.92 374.83 24.98 879.07 1117.61 27.14
Inter Bank 16.27 3.60 8.64 140.00 11.60 24.84 114.14
Others 4.10 0.00 0.00 0.00 0.01 0.01 0.00
Interest Expense
3270.16 823.47 1135.04 37.84 2333.86 3335.60 42.92
Deposits 3117.37 780.61 1093.09 40.03 2218.80 3221.41 45.19
Others 152.79 42.86 41.95 -2.12 115.06 114.19 -0.76
Net Interest income [NII]
1763.37 466.42 541.20 16.03 1292.17 1502.64 16.29
NET INTEREST INCOME
[` cr]Quarter 9 Months
Dec 10 Dec 11 Dec 10 Dec 11
Net Interest Income 466.42 541.20 1292.17 1502.64
283
466
541
100
200
300
400
500
600
'Dec 09 'Dec 10 'Dec 11
Net Interest Income
Bank has witnessed CAGR growth of 38.26% in Net Interest Income over last two years.
NET INTEREST MARGIN
[%]Quarter 9 Months
Dec 10 Dec 11 Dec 10 Dec 11
Net Interest Margin 3.27 3.33 3.20 3.16
2.53
3.27 3.33
2.0
2.4
2.8
3.2
3.6
4.0
Dec09 [Q] Dec10 [Q] Dec11 [Q]
NON INTEREST INCOME
[` cr]
Full Year
QuarterGrowth
(%)
Nine MonthsGrowth
(%)Dec 10 Dec 11March
11Dec 10 Dec 11
Fee Based Income Core
375.25 85.61 108.65 26.91 256.81 317.98 23.82
Profit from Sale of Securities
24.02 14.00 9.99 -28.64 23.74 15.35 -35.36
Recovery in Written off Advances
134.57 27.45 15.33 -44.15 72.52 38.37 -47.09
Total Non Interest Income
533.84 127.06 133.97 5.44 353.07 371.70 5.28
PROVISIONS & CONTINGENCIES
[` cr]Full Year Quarter Nine Months
March 11 Dec 10 Dec 11 Dec 10 Dec 11
Provisions for NPA 281.25 50.25 68.54 160.28 155.78
Tax Expense 286.96 75.53 82.16 224.67 233.42
Investment Depreciation
47.61 20.25 20.54 28.91 68.47
Standard Assets 11.07 19.87 23.52 21.25 22.48
FITL [4.78] [5.06] 11.65 [5.60] 13.90
NPV of Restructured Accounts
[8.82] 0 0 0 0
ADWDRS 2008 [4.07] 0 0 [4.07] 0
Other Provisions 2.93 0.38 0.08 0.60 10.51
Total Provisions 612.16 161.22 206.49 426.04 504.56
[` cr] 31.03.2011 31.12.2010 31.12.2011Growth %
over Dec 10
CASA Deposits 22743.31 21406.41 23847.75 11.40
Term Deposits 39261.60 37141.11 42482.43 14.38
Aggregate Deposits 62004.91 58547.52 66330.18 13.29
CASA [%] 35.42 35.39 34.90
Inter Bank Deposits 2204.71 1931.25 2009.07 4.03
TOTAL DEPOSITS 64209.62 60478.77 68339.25 13.00
Borrowing 1691.66 1516.75 1829.27 20.60
RESOURCES
RESOURCES
36,611
47,844
60,479
68,339
25000
35000
45000
55000
65000
75000
'Dec 08 'Dec 09 'Dec 10 'Dec 11
13,707
16,970
21,406
23,848
5,000
10,000
15,000
20,000
25,000
30,000
'Dec 08 'Dec 09 'Dec 10 'Dec 11
Bank has witnessed CAGR growth of 20.27% in CASA deposits over last three years.
Bank has witnessed CAGR growth of 23.13% in Total deposits over last three years.
TOTAL DEPOSITS
CASA DEPOSITS
[` cr] 2010-11 Dec 10 Dec 11
Gross Advances
[Growth %]
45163
[26.43]
41,426
[33.96]
47,928
[15.70]
Priority Sector
[Growth %]
15150
[29.29]
12,742
[20.95]
13,146
[3.17]
Direct Agriculture
[Growth% ]
4179
[29.14]
3172
[13.90]
3,399
[7.16]
MSME
[Growth %]
6784
[20.13]
6,265
[20.69]
7,368
[17.61]
Retail
[Growth %]
6136
[14.05]
5,852
[28.64]
6,614
[13.02]
CD Ratio [%] 70.34 68.50 70.13
DEPLOYMENT - ADVANCES
[` cr] March 11 Dec 10 Dec 11Growth over Dec 10 (%)
SLR Investments15304.91 14688.50 17198.01 17.08
Non-SLR Investments3555.31 3232.64 3353.18 3.73
Total Investments 18860.22 17921.14 20551.19 14.68
Of which HFT 562.51
[2.98%]
1063.87
[5.94%]
30.93
[0.15%]
-97.09
AFS 2598.96
[13.78%]
1704.84
[9.51%]
3344.50
[16.27%]
96.18
HTM 15698.75
[83.24%]
15152.43
[84.55%]
17175.76
[83.58%]
13.35
AFS / HFT Duration [Modified]2.42 3.84 3.68
Portfolio Duration [Modified]4.45 4.59 4.38
DEPLOYMENT - INVESTMENT
[` cr] Dec 09 Dec 10 Dec 11
Business Mix per Employee
7.47 10.06 11.73
Business Mix per Branch
71.74 85.78 96.09
BUSINESS MIX
7.47
10.0611.73
2
4
6
8
10
12
14
'Dec 09 'Dec 10 'Dec 11
Business Mix per Employee
71.74
85.7896.09
20
40
60
80
100
'Dec 09 'Dec 10 'Dec 11
Business Mix per Branch
[` cr] 31.03.2011 30.09.2011 31.12.2010 31.12.2011
Gross NPA 842.24 830.49 803.29 885.32
Net NPA 548.95 491.01 519.14 523.97
Gross NPA Ratio [%] 1.86 1.93 1.94 1.85
Net NPA Ratio [%] 1.22 1.15 1.26 1.10
NPA Provision 290.16 337.63 276.09 359.31
Provision Coverage Ratio [PCR]
[Incl Technical Write Off]74.62 77.14 76.09 76.56
ASSET QUALITY
[` cr]Full Year Quarter Nine Months
March 11 Dec 10 Dec 11 Dec 10 Dec 11
Gross NPA
Opening Balance 641.99 825.65 830.49 641.99 842.24
Less:
Cash recoveries 191.05 41.02 40.41 130.71 164.83
Up gradations 171.12 31.17 31.44 107.03 159.24
Write off 196.27 56.01 46.86 89.36 110.75
Total Reductions 558.44 128.20 118.71 327.10 434.82
Add:
Slippage & Debit Operations
758.69 105.84 173.54 488.40 477.90
Closing Balance 842.24 803.29 885.32 803.29 885.32
Recovery in w/o A/c 134.57 27.45 15.33 72.52 38.37
ASSET QUALITY
[` cr] 31.03.2011 30.09.2011 31.12.2010 31.12.2011
Tier I capital 3605.57 3614.82 2489.70 3627.72
Tier II capital 1343.84 1268.10 1329.80 1290.36
Total capital funds 4949.41 4882.92 3819.50 4918.08
Total RWAs 36908.43 38894.03 34472.14 42452.72
CRAR – Basel II 13.41 12.55 11.08 11.58
CRAR Core – Basel II 9.77 9.29 7.22 8.54
Net Worth 3366.43 3737.34 2705.19 3936.93
CRAR ( Considering Plough Back of Profits)
13.41 13.48 12.40 12.88
CAPITAL ADEQUACY
[` cr]Full Year Quarter Nine Months
March 11 Dec 10 Dec 11 Dec 10 Dec 11
Cost of Deposits [%] 5.76 5.75 7.09 5.65 6.92
Yield on Advances [%] 10.24 10.32 12.18 10.11 11.82
Cost Income Ratio [%] 46.73 46.68 41.77 46.47 43.82
Return on Assets %]
[annualized]1.00 0.99 1.05 1.02 1.05
Return on Equity %]
[annualized]22.98 22.40 20.46 23.13 19.58
Earning Per Share `
[non-annualized]21.26 5.41 5.60 15.85 16.45
Book Value `
[including Revaluation Reserve]
123.85 101.25 123.72 101.25 123.72
FINANCIAL RATIOS
SHAREHOLDING PATTERN
0.534.8417.19
11.79
6.20.27 1.17
58.01
Govt of India Mutual Funds FI & Banks
Insurance Comp FIIs Indian Public
Corp Bodies NRIs & OCBs
Share Capital ` 333.39 cr
No of Shares 33.34 cr
Net Worth ` 3936.93 cr
B. V. per Share ` 123.72
Return on Equity 19.58%
[For nine months annualised]
DENA is part of BSE 500, BSE
Midcap BSE Sectoral [PSU]
indices, United Stock Exchange
Listed on BSE and NSE & in
‘Future and Options’ segment also.
DISTRIBUTION CHANNELS
Mar 11 Sept 11 Dec 11
Branches 1291 1298 1307
Ext. Counters 12 12 12
ATMs 496 520 535
Bank is having 148licences pending foropening of newbranches. Out of this96 are normalbranches and 52branches are forfinancial inclusionexercise.
Bank is planning to reach the figure of 757 ATMs by March 2012.
SKILL BUILDING : FOR CUSTOMER SATISFACTION & ENHANCED
PRODUCTIVITY
Bank has been imparting training to employees as an ongoing process for
development and improvement of their knowledge, skill, business confidence. It
also keeps them abreast of the latest trends in Banking Industry. These Training
programmes are conducted in house and also through other reputed institutes like
NIBM, CAB, ASCI, MDI etc.
Recruitment of fresh talent – Bank has completed the recruitment process of 564
officers (including campus recruitment) in the area of Credit, Agriculture & Forex
and also POs. The recruitment of 600 clerks is in process and is expected to complete
shortly.
Customer centric grooming of frontline staff. Along with intensive two months’
training programme on credit to create an effective cadre of credit officer, Bank is
also re-orienting the frontline staff for better customer service through an in-house
programme namely S.M.I.L.E. (Smart, Motivated Intelligent for Leveraging the
Emerging Market).
STRATEGIES
STRATEGIES
Bank has identified Agriculture, MSME and Retail as thrust
areas for lending. To have a focused attention on these areas of
lending, Bank has given exclusive charge of MSME and Retail
to One General Manager and Priority Sector to another
General Manager.
Bank is having 148 licences pending for opening of new
branches. Out of this 96 are normal branches and 52 branches
are for implementation and monitoring of entire financial
inclusion exercise.
Bank is on the path of transformation through effective use of
technology. Bank has already achieved 100% CBS, while constitution
of centralized back office function has relieved frontline staff for
business development.
Through ATM sharing agreement, Bank has enabled itself with
more than 70,000 access points. Bank has already opened 535 ATMs
of its own and targeting to take the total number of ATMs to 757 by
March 2012.
Bank will continue to make intense effort for increasing the CASA
Deposits through targeting high value customers and by increasing
the clientele base by 20%.
STRATEGIES
FINANCIAL INCLUSION
The Bank has been allotted 726 villages with population above2000 for providing banking services through an outlet by March2012. All villages have been covered through either BranchModel or BC model.
Bank has opened 11.46 lacs No Frill Accounts against the targetof 11 lacs accounts. No Frill Accounts have been provided withoverdraft facility.
Reserve Bank of India has selected 3 model villages – 2 inDadra Nagar Haveli and 1 in Gujarat among these financialinclusion villages.
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