Professional Documents
Culture Documents
PROFILE
70 Yrs of banking - Founded on 26th May, 1938 as Devkaran Nanjee Banking Company Ltd.; Rechristened as The Dena Bank Ltd in Dec66;
Two whole time Directors : Chairman & Managing Director & Executive Director;
Well diversified stable customer base (8 Million) supported by wide branch network;
Mid size Bank with Branch concentration in Industrially developed & vibrant Western India Financial Hub of the country;
Initial Public Offer in 1996; Follow on Issue in 2005; Govt of India Stake at 51.19 %
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FORERUNNERS IN
Savings Deposit Scheme for MINORS; KRISHI SAKH PATRA (Credit Card) for Farmers in rural India in 1989; First FULLY COMPUTERISED BRANCH in PSU Banks (1991) : Nepean Sea Road, Mumbai; First DRIVE-IN-ATM in Banking Industry in India (1996) : Juhu VileParle, Mumbai (Bombay);
Specialized Training Institute for Computer Literacy : Dena Institute of Information Technology (DIIT), Mumbai (1997);
Customer Service Rating of Branches.
SNAPSHOT
Snap Shot as at 31st March 08
1160 Branches
316 ATMs Net Loans 23024
CRAR 11.09%
Deposits 33943
BVPS Rs.57.35
KEY INDICATORS
[Rs. Crore] Total income Total expenses Operating Profit Operating profit without profit on sale of NPAs Provisions Net Profit NIM - % EPS [Rs.] [non annualized] Return on Assets [Annualized] - % F.Y. 2005-06 2199.17 1598.80 600.37 F.Y. 2006-07 2510.04 1874.67 635.37 2007-08 3154.02 2467.58 686.44 Growth [%] 25.66 31.63 8.04 Quarter Mar07 684.24 499.97 184.27 Mar08 882.98 664.05 218.93 Growth [%] 29.05 32.82 18.81
475.04
565.71
686.44
21.34
181.04
218.93
20.93
[24.70] 78.50
[23.16] 153.40
0.29
0.71
1.06
0.58
1.21
KEY INDICATORS
[Rs. Crore] 31.03.06 31.03.07 31.03.08
Aggregate Deposits Inter Bank Deposits Total Deposits Gross Advances Investments Gross NPA Ratio [%] Net NPA Ratio [%] CRAR [%]
includes interest on income-tax refund of Rs.21.56 crore for the year 2006-07 & Rs.10.08 for the year 2007-08
Other Misc.
Total non interest income
52.55
439.03
26.86
391.53
32.37
443.97
20.51
13.39
6.86
99.75
11.51
143.74
67.78
44.10
includes commission income of Rs.16.93 crore due to change in accounting policy includes Rs.69.66 crore recoveries on account of sale of NPA assets.
OPERATING EXPENSES
F.Y.
[Rs. Crore]
2005-06 Staff Expenses Insurance Postage/Telephone Printing/Stationery Depreciation Lighting Rent & Taxes Advertising Auditors Fees Repairs/Maintenance Core Banking Solution Other Expenses Total Expenses 354.25 24.98 9.45 8.45 32.41 15.50 30.06 12.77 5.37 17.30 0.00 50.81 561.35 2006-07 384.08 28.65 15.93 9.52 31.78 16.57 32.00 11.05 5.21 17.96 0.00 58.76 611.51 2007-08 370.85 33.75 9.31 10.34 29.45 19.38 36.95 9.47 7.64 19.13 35.65 68.51 650.44
Growth [%] [3.44] 17.80 [41.56] 8.61 [7.33] 16.96 15.47 [14.30] 46.64 6.51
Quarter Mar 07 86.12 7.51 8.61 2.30 5.92 3.80 7.13 3.76 1.63 4.68 0.00 Mar 08 85.77 8.53 2.23 2.61 8.26 4.08 10.45 4.39 2.33 4.71 8.65 21.05 163.06
Growth [%] [0.41] 13.58 [74.10] 13.48 39.53 7.37 46.56 16.76 42.94 0.64
16.59 6.37
16.94 148.40
24.26 9.88 9
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RESOURCES
[Rs. Crore] 31.03.06 31.03.07 31.03.08 % growth
Current Deposits Savings Deposits Term Deposits Aggregate Deposits CASA [%] Inter Bank Deposits TOTAL DEPOSITS Borrowing
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RESOURCES
33943 35000 30000 25000 20000 15000 10000 5000 0 2005-06 2006-07 Deposits 2007-08 23623 27690
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DEPLOYMENT
[Rs. Crore] 31.03.06 31.03.07 31.03.08 Growth over Mar 07 25.15 21.53 27.00 18.83
Gross Advances Priority Sec. Advance Agriculture Others PS credit to NBC [%] Retail Credit S.M.E CD Ratio [%] Gross investment
25.53 23.02
10.83
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DEPLOYMENT
Growth [%] [Rs. Crore] Mar 06 Mar 07 Mar 08 [y on y]
Net Advances
Net Investments
14231
8571
18303
9235
23024
10283
25.79
11.35
25000
23024 18303
10500 10000
10283
20000
14231
15000
9235
9500 9000
8571
10000 8500 5000 8000 7500 Mar '06 Mar '07 N et Advances Mar '08 Mar '06 Mar '07 N et Investments Mar '08
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INVESTMENT
[Rs. Crore] 31.03.07 31.03.08 [Rs. Crore] 31.03.07 31.03.08
Held to Maturity
Govt Securities
7646.76
8475.53
163.53
119.78
145.20 909.16
227.73 899.75
[Rs. Crore]
31.03.08 8595.31 [83.17%] 1739.67 [16.83%] 10334.98 Subsidiaries / Jt. Ventures 21.72 21.72
Others Total
438.16 9324.53
590.47 10334.98 15
CAPITAL ADEQUACY
[Rs. Crore] 31.03.06 31.03.07 31.03.08
Tier I capital Tier II capital Total capital funds Total RWAs Core CRAR Tier I CRAR on Tier II CRAR [Total] Net Worth
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ASSET QUALITY
[Rs. Crore] 31.03.06 31.03.07 31.03.08
Gross NPA
949.40
744.48
572.60
Net NPA
432.85
364.80
215.43
6.44
3.98
2.45
3.04
1.99
0.94
NPA Provision
499.46
372.58
347.62
Provision coverage
52.61
50.04
60.71
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ASSET QUALITY
25000
7 6 5 4 3
Gross NPA brought down to below 2.5% (i.e. 2.45%) Net NPA brought down to below 1% (i.e. 0.94%); NPA Provision Coverage Ratio increased from 50.05% to 60.71%;
2.45
2 1 0
Mar '07
Mar '08
Gross Advances
Gross NPA
25000
3.5 3 2.5
Aggressive efforts on Recovery in NPAs & Written off A/cs through action under SARFAESI & One Time Settlements;
14231
2
1.99
1.5 1
0.94
0.5 0
Mar '06
Mar '07
Net Advances
Mar '08
Net NPA
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ASSET QUALITY
[Rs. Crore] Gross NPA Opening Balance Less: Cash recoveries Upgradations 227.07 31.41 247.29 76.61 184.86 114.07 [25.25] 48.90 1147.54 949.40 744.48 Mar 06 [FY] Mar 07 [FY] Mar 08 [FY] Variation [%]
Write off
Total Reductions Add:
273.63
532.11
414.78
738.68
288.96
587.89
[30.33]
[20.41]
333.97
949.40
533.76
744.48
416.01
572.60
[22.06]
19
9.19
7.74
7.74
7.39
7.58
7.82
7.52
6.88
7.39
7.26
7.46
7.84
8.22
8.08
8.35
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FINANCIAL RATIOS
[F. Y] Mar06 Int. Income as %age to avg. working funds Non Int. Income as %age to avg working funds Int. spread as %age to avg working funds (NII/Avg. Gross Assets) Operating Profit as %age to avg working funds Net Interest Margin [%] [NII / Income generating assets] Mar07 Mar08 Mar07 [Q] Mar08
7.03
7.47
7.97
7.72
8.04
1.89
1.38
1.31
1.32
1.56
2.88
3.02
2.63
3.07
2.59
2.48
2.24
2.02
2.43
2.38
2.95
3.00
2.75
3.27
2.85
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FINANCIAL RATIOS
[F. Y] Mar06 Earning Per Share Rs. [non-annualized] Cost Income Ratio [%] Return on Assets [%] [annualized] Return on Networth [%] [annualized] Profit Per Branch [in Rs. Lacs] [annualized] Profit Per Employee [in Rs. Lacs] [annualized] 2.54 47.50 0.29 Mar07 7.03 49.04 0.71 Mar08 12.54 48.65 1.06 Mar07 1.53 44.61 0.58 [Q] Mar08 3.87 42.69 1.21
9.02
21.21
40.20
16.68
34.81
7.13
19.46
33.91
4.23
41.84
0.72
1.99
3.61
0.43
4.46
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FINANCIAL RATIOS
[F. Y] 31.03.06 31.03.07 31.03.08
1.56
2.26
3.41
39.11
46.85
57.35
Book Value Rs. [excluding Revaluation Reserve] Business Per Branch [in Rs. Crore] Business per Employee [in Rs. Crore]
29.57
37.89
49.18
37.51 3.78
44.76 4.58
52.42 5.59
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affiliation;
Dena I Connect the internet banking services for customer of its CBS Branches, to access their account information through
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62 more branches were awarded ISO Certification during the year, taking the total tally of ISO Certified Branches to 287;
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255 new officers inducted during the year, to infuse young and
specialised talent in different specialised areas viz. Credit, IT, Marketing, Agriculture and Treasury etc.; Further recruitment of 649 Officers, 649 Clerks and 159 sub-staff proposed for the year 2008-09. Continuing with the process of customer-centric grooming of frontline staff at the branches.
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TATA AIG, Birla Sunlife, SBI Mutual Fund, for selling their products;
Tie-up with LIC for selling Life Insurance Products and entered into a referral arrangement with Oriental Insurance for Non-life products. During the year two new products i.e. Oriental Health Royal Medi-Claim Scheme & Personal Accident policy,
were launched;
Introduced Dena Grah Swami Suraksha Yojna in association with LIC to provide Loan linked Life Insurance Cover to a Housing Loan Borrower during the currency of a the Loan;
environmental air pollution. The Bank has so far financed 900 such auto rickshaw
owners, thus contributing to a safer environment, in a subtle way; Tie up with NBHC for financing to farmers and others against pledge of godown receipts. MoU signed with M/S Zero Microfinance Saving Support Foundation as Service provider and with M/S A Little World As technology provider for the financial inclusion in 2 districts of Gujarat covering 135 villa
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Thank You
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