Audited Financial Results March 2009[1]

8/6/2019 Audited Financial Results March 2009[1]

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BANK OF MAHARASHTRA

FINANCIAL RESULTS FOR THE

YEAR ENDED 31st MARCH 2009


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BUSINESS PROFILE

Branches

1421

ATMs

345

CRAR12.05% Manpower

13631

Net Profit

375*

Deposits

52255*

Advances34817*

Rs. in CrorePosition as on 31.03.2009


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44

Business Position

71556

87072

Mar--08 Mar--09

Total Business (Rs. in Crore)


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Resources

Particulars 31.03.2008 31.03.2009 Growth

Current Deposits 5086.16 5010.42 -1.49%Savings Bank Deposits 12516.94 13639.96 8.97%

Term Deposits 24155.23 33604.54 39.12%

Total Deposits 41758.33 52254.92 25.14%

Inter-Bank Deposits (out of total deposits) 177.96 35.46 -80.07%

Aggregate Deposits 41580.37 52219.46 25.59%

CASA [%] 42.15 35.69

Borrowings 199.25 190.01 -4.64%

(Rs in Crore)


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66

Deposit Mix

41758

17603

(42.15%)

52255

18650

(35.69%)

Mar--08 Mar--09

Total Deposits & Low cost Deposits (Rs in Crore)

Total Deposits

Low Cost

Deposits


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77

Cost of Deposit

5.86%6.33%

Mar--08 Mar--09

Cost of Deposits (%)


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88

Advances

PARTICULARS Growth (%)(Rs. in crore) (Y-o-Y)

Gross Advances 29798.04 34817.28 16.84%Agriculture Direct 2602.28 3276.89 25.92%

Agriculture Total 4936.34 5427.32 9.95%

% to Adj Net Bank Credit 21.04 18.21%SSI / SME 2642 3074 16.35%

% to Gross Advances 7.56 8.83%

Total Priority 11410.13 12236 7.24%

% to Adj Net Bank Credit 48.63 41.06%

CD Ratio [%] 71.36 66.63%

Mar-09Mar.08


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99

Advances

29798

34817

Mar--08 Mar--09

Gross Advances (Rs. in Crore)


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1010

Yield on Advances

10.18%

10.58%

Mar--08 Mar--09

Yield on Advances


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1212

Gross & Net NPA

766.27

254.05

798.41

271.90

Mar--08 Mar--09

NPAs (Rs in crore)

Gross NPAs

Net NPAs

NPA Coverage Ratio 63.16%

2.57

0.87

2.29

0.79

Mar--08 Mar--09

NPAs (%)

Gross NPA to

Gross Advances

Net Advances to

Net NPA


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1414

Investment

Particulars 31.03.2008 31.03.2009 Growth

SLR Investments 10681.87 16215.98 51.81%Non-SLR Investments 1667.99 2259.93 35.49%

Gross Investments 12349.86 18475.91 49.60%

of whichHFT 0 9.31

AFS 2139.16 5473.90 155.89%

HTM 10210.70 12992.70 27.25%AFS / HFT Duration [Modified] 2.02 2.22

Portfolio Duration [Modified] 3.81 4.56

(Rs in Crore)


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1515

Investment Portfolio

12282.95

18382.14

Mar--08 Mar--09

Investments (Net) (Rs. in Crore)


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1616

Investments

7.28

7.42

Mar--08 Mar--09

Yield on Investments (%)


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Income & Expenditure

0.990.480.720.75RoA (Annualised) %

3.191.308.717.63EPS (Not annlzd) Rs.

2.432.58NIM %

145.24137.3155.9914.24%375.16328.39NET PROFIT

6.96%109.16128.3721.53%418.36344.24Total Provisions

33.69%246.47184.3617.97%793.52672.63OPERATING PROFIT

24.36%1075.43864.7427.00%3998.063148.13TOTAL EXPENDITURE

7.70%246.05228.4515.15%963.02836.34Total Other Expenditure

30.35%829.38636.2931.29%3035.042311.79Total Int. Expenditure

26.00%1321.91049.1025.41%4791.583820.76TOTAL INCOME

90.70%207.75108.9431.48%500.02380.29Total Other Income

18.51%1114.15940.1624.74%4291.563440.47Total Interest Income

%Mar 09Mar 08%2008-092007-08

GrowthQuarter endedGrowthFinancial YearPARTICULARS(Rs. in crore)


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Capital Adequacy

Particulars 31.03.2008 31.03.2009

Tier I Capital 1706.79 1974.31 15.67%

Tier II Capital 1706.79 1920.26 12.51%

Total Capital Funds 3413.58 3894.57 14.09%

Total RWA 31454.15 36231.39 15.19%

CRAR - BASEL II N.A. 12.05

CRAR Core -- BASEL - II N.A 6.11

CRAR - BASEL - I 10.85 10.75

CRAR Core BASEL - I 5.43 5.45

(Rs in Crore)Growth


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Cost / Yield Ratios

2007-08 2008-09

Cost of ResourcesCost of Deposits 5.86 6.33

Cost of Funds 5.28 5.86

Yield on DeploymentYield on Advances 10.18 10.58

Yiled on Investment 7.28 7.42

Yiled on Funds 7.86 8.29Earning Ratio

Net Interest Margin 2.58 2.43

Return on Assets 0.75 0.72

Particulars Financial Year


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Earnings / Profitability Ratios

Particulars 2007-08 2008-09 Mar'08 Mar'09

Earning Per Share Rs 7.63 8.71 1.30 3.19

Cost to Income Ratio [% ] 55.42 54.82 55.34 49.96

Return on Assets [% ] 0.75 0.72 0.48* 0.99

Return on Networth [% ] 22.03 21.93 14.88* 32.10

Book Value { Rs.}[excluding Revaluation Reserve] 34.63 39.74 34.63 39.74

Profit Per Branch [ Rs in Lacs ] 23.88 26.40 16.29* 38.65

Profit Per Employee [ Rs in Lacs ] 2.42 2.75 1.65* 4.03

Business Per Branch [Rs in Crore] 52.04 61.28 52.04 61.28

Business per Employee [Rs in Crore] 5.27 6.39 5.27 6.39

(* Annualised)

QuarterFinancial Year


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Financial Ratios

Particulars 2007-08 2008-09 Mar'08 Mar'09

Int Income as %age to AWF 7.86% 8.29% 7.96% 8.06%

Non. Interest income as %age to AWF 0.87% 0.97% 0.92% 1.50%

Int. spread as %age to AWF 2.58% 2.43% 2.57% 2.06%

Operating Profit as %age to AWF 1.54% 1.53% 1.56% 1.78%

QuarterFinancial Year


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New Initiatives & Thrust Technology

The Bank has rolled out 773 branches underCore Banking Solution (CBS), 87% of theBanks business is handled by the CBS

branches. Real Time Gross Settlement (RTGS) and

National Electronics Fund Transfer (NEFT)schemes are implemented at 684 branches

RTGS / NEFT has been made free for allCustomers

Bank has computerized all its rural and semi-urban branches through a bilingual Total

Branch Automation Software BIBAS, therebyextending the benefits of technology to itsrural customers


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Bank has set up its own corporate network -

MAHANET on the backbone of leased lines

with ISDN backup covering 803 locations

including 759 branches, 32 Regional Offices,5 Training Centers, TIBD and Central Office

Bank has implemented MAHA CONNECT

Internet Banking, Phone Banking & SMSBanking with Online & Offline request

processing including funds transfer for its

customers

E-Payment Facilityfor tax payments has alsobeen introduced through Internet Banking


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Bank has operationalized ATM network of 345 ATMsacross the country with VISA debit cards. The Bank hassharing arrangements with National Financial Switch

(NFS) and MITR enabling the Banks customers to haveaccess to more than 30000 ATMs across the country.TheATM card base stood at approximately 8 lakhs

Bank has enabled Bio-metric features in 11 ATMs,especially for illiterate customers.

The Bank has established Video Conferencing betweenCentral Office and all the Regional Offices.

13 Specialized IT Labs have been set up across thecountry for imparting end-users training under CBS andBIBAS on continuous basis.

Keeping in view the security of various IT Systems in theBank, Bank has in place an integrated InformationSystems Security Policy (ISSP) with 32 IndependentPolicies.


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Priority Lending

Krishi Shakti Yojana:Bank has introduced a special rate of interest @BPLR 3.25 %, for cultivation of various crops thatare covered under Agri Export Zones (AEZs) inidentified districts of Maharashtra.

Tie Ups:

Bank has entered into tie ups with various tractor-manufacturing companies. Incentive under tie ups

like cash discount, free servicing, discount onspares etc. offered by the companies is passed onto the farmers.

Farmers Clubs :

Farmers clubs have proved to be helpful indissemination of information and creating goodrecovery climate in the villages. Therefore,emphasis is given on formation of such clubs. Bankhas so far formulated 215 farmer clubs through out

the country.


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Priority Lending

Special Package to the MSME borrowers

In order to help MSMEs tide over the

difficulties faced by them due to the presenteconomic scenario, Bank has implementedspecial package for the MSME borrowers. Thepackage includes reduction in interest rate @

100 basis points for micro enterpriseborrowers and 50 basis points for smallenterprise borrowers and various measures toextend need based additional financial

assistance to the MSME borrowers

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Corporate Social Responsibility

The bank established Rural Development Centres atHadapsar and Bhigwan. These centres are undertakingvarious developmental activities for the benefit of thefarmers viz. Lab to Land project, Development ofSaline Soil, Soil Testing and providing advice on use of

fertilisers.

Bank has established trust viz. Mahabank AgriculturalResearch and Rural Development Foundation(MARDEF). MARDEF undertakes various projects and

village improvement programmes. MARDEF isundertaking farmers training on various subjects inAgriculture. e. g. Dairy, Emu Farming, Goat rearing,cultivation practices in grape farming, application offertilizers, agriculture credit schemes, etc.

Bank has established four Mahabank Self EmploymentTraining Institute (MSETI) at Pune, Aurangabad, Nasikand Nagpur for providing training to rural youth andwomen for enabling them to acquire skills for self-employment. A total of 4605 candidates have been

trained by the institutes so far.


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Corporate Social Responsibility

Gramin Mahila Va Balak Vikas Mandal(GMVBVM), an NGO formed by Bank ofMaharashtra & NIBM Pune is actively involvedin formation, nurturing, training and linkage of

SHGs to Bank Credit. The GMVBVM also helpsSHGs in marketing products of SHGs throughtwo outlets established in Pune City namedSAVITRI. The GMVBVM guides & activelyhelps SHGs for selection and purchase of rawmaterial & quality production.

Farmers from Vidarbha area of Maharashtraare trained under Mahabank VidarbhaShetkari Abhiyan in difference subjects likeagriculture, animal husbandry


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New Initiatives

Maha-Bharati - NRI Services: Under Maha-Bharatischeme, the Bank has packaged all its NRI servicestogether and a NRI Cell has been set up in CentralOffice at Pune.

28 FEX centres and 22 branches spread over 35 citieshave been designated for special attention on cateringto Non Resident Indians. A separate section on NRIservices is hosted on Banks websitewww.bankofmaharashtra.in to cater to Non ResidentIndians. The webpage provides information on NRE &NRO Savings Accounts, NRE Fixed Deposits, FCNR (B)Deposits, Account Opening Documents, Contactdetails of our FEX Centres and designated branches,Questions & Answers on related areas etc. In additionto viewing the information available on the website,

the NRIs can register online for e-bulletin, a monthlybulletin giving all the necessary updates relating toNRIs.

NRIs can also seek assistance from the Bank in any

matter related to NRI deposits, remittances etc.


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New Initiatives

Drive-in Banking facility: Bank has launchedDrive-in Banking facility from 15th September,2008. Under Drive-in Banking facility, the Bank isproviding free valet parking facility at Pune Main

Branch. The valued customers of any branch ofthe Bank in Pune can undertake their bankingtransactions at Pune Main Branch, situated atLokmangal, 1501, Shivajinagar, Pune-5.

Customers can avail various services like Depositof Cash; Deposit of Cheque drawn on any CBSbranch (for credit of home branch a/c); Payment ofself Cheque; Remittance of funds from homebranch account to third party accounts at another

CBS branch and Deposit of Local Clearing Chequeat any CBS branch. The customers have toregister with their home branch for availing thisfacility. New customers can also register for thisfacility.

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New Initiatives

E-books facility:

Bank has recently started E-books facility in

the Banks library at Central Office. With thisfacility, students can read educational CDs onthe computers provided at the Banks library.The library also has text books and reference

books for 10th Standard, 12th Standard andabove, text and reference books forEngineering and books for variouscompetitive examinations. The library is open

to all. General public can obtain membershipof the library free of charge, which opens at9.30 am on all working days.


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R d MAP


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Road MAP

On-line Trading of Shares

Subscribing to Shares in Primary market --

Application supported by Blocked Accounts

(ASBA)

Scheme for High Net Worth Individuals


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