March 31, 2025. Priority sector as a percentage to Adjusted Net Bank
Credit (ANBC) for FY25 stood at 44.12% as against the mandatory target of 40.00%.
5. Agriculture Credit (Priority Sector) was at 90,476 Cr and as
a percentage to ANBC the same stood at 19.55% as against the mandatory target of
18.00%.
6. All mandatory targets under priority sector stipulated by RBI have
been surpassed during FY25.
7. Gross NPA and Net NPA reduced to 18,179 Cr (3.09%) and 1,110
Cr (0.19%) respectively as on March 31, 2025 as against 21,106 Cr (3.95%) and 2,223
Cr (0.43%) respectively as on March 31, 2024.
8. Total recovery of NPAs (cash recovery including recovery in AUC
accounts, upgradation and MoI) during FY25 amounted to 7,651 Cr as against 8,799
Cr in the previous year.
9. Provision Coverage Ratio (PCR) of the Bank improved by 176 bps
to 98.10% in FY25 as against 96.34% in FY24.
10. Domestic Branch network of the Bank expanded to 5901, comprising of
1992 Rural, 1555 Semi Urban, 1182 Urban and 1172 Metropolitan branches. Besides, Bank has
3 overseas branches and 1 IFSC
Banking unit (GIFT City). Total number of Bank?s ATMs and BNAs
stood at 5268 which include 608 offsite ATMs/BNAs and 3 mobile ATMs. Bank is also having
14667 Business Correspondents taking the Pan India touch points to 25837.
B. INCOME AND EXPENDITURE
| Particulars |
31.03.24 |
31.03.25 |
YoY (%) |
| Interest Earned |
55615 |
62002 |
11.49 |
| Interest Expended |
32341 |
36826 |
13.87 |
| Net Interest Income (NII) |
23274 |
25176 |
8.18 |
| Other Income |
7867 |
9223 |
17.25 |
| Of which Fee Income |
3298 |
3528 |
6.96 |
| Operating Revenue |
31141 |
34399 |
10.46 |
| (NII + Other income) |
|
|
|
| Operating Expenses |
14301 |
15401 |
7.69 |
| Of which Employee Expenses |
9265 |
9883 |
6.68 |
| Other operating Expenses |
5036 |
5518 |
9.57 |
| Operating Profit |
16840 |
18998 |
12.82 |
| Provisions Other Than Tax |
5889 |
4211 |
(28.49) |
| Profit before Tax |
10951 |
14787 |
35.02 |
| Provision for Tax |
2888 |
3869 |
33.95 |
| Net profit |
8063 |
10918 |
35.41 |
1. Interest income of the Bank grew by 11.49% to 62,002 Cr in FY25 from
55,615 Cr in FY24.
2. Net Interest Income grew by 8.18% to 25176 Cr in FY25 from 23274 Cr
in FY24.
3. Fee based Income grew by 6.96% to 3528 Cr in FY25 from 3298 Cr in
FY24.
4. Operating Profit increased by 12.82% at 18998 Cr in FY25 from 16840
Cr in FY24.
5. Profit before Tax grown by 35.02% to 14787 Cr in FY25 from 10951 Cr
in FY24.
6. Net Profit up by 35.41% YoY to 10918 Cr in FY25 from 8063 Cr in
FY24.
C. KEY RATIOS FOR FY25:
| Parameters |
31.03.24 |
31.03.25 |
| Yield on Advances |
8.72 |
8.75 |
| Cost of Deposits |
4.88 |
5.12 |
| Net Interest Margin |
3.47 |
3.41 |
| Net Interest Margin (Domestic) |
3.54 |
3.51 |
| Cost Income ratio |
45.92 |
44.77 |
| Return on Assets |
1.07 |
1.32 |
| Return on Equity |
19.24 |
20.76 |
| Average Business per employee ( in lakh) |
2657 |
2922 |
| Profit per employee ( in lakh) |
20.03 |
27.25 |
1. Yield on Advances (YoA) up by 3 bps to 8.75% in FY25 from 8.72% in
FY24.
2. Return on Assets (RoA) increased by 25 bps to 1.32% in FY25 from
1.07% in FY24.
3. Return on Equity (RoE) up by 152 bps to 20.76% in FY25 from 19.24%
in FY24.
4. Average Business per employee increased by 265 lakh to 2922 lakh in
FY25 from 2657 lakh in FY24.
5. Profit per employee increased by 7.22 lakh to 27.25 lakh in FY25
from 20.03 lakh in FY24.
D. NETWORTH AND CRAR
1. Networth of the Bank stood at 57,029 Cr as on March 31, 2025
as against 47,491 Cr in March 31,
2024.
2. During FY25, Bank had raised Long Term Infrastructure Bond
aggregating to 10,000 Cr and shareholding of Govt. of India (GoI) is 73.84%.
|
As on |
| CRAR as per BASEL III |
31.03.2024 |
31.03.2025 |
| CET- I |
13.52 |
15.36 |
| Tier- I Capital |
14.03 |
15.85 |
| Tier-II Capital |
2.41 |
2.09 |
| Total |
16.44 |
17.94 |
1. As per Basel III norms, the CET- I ratio was at 15.36% on
31.03.2025 compared to 13.52% on 31.03.2024 as against minimum requirement of
8.00%.
2. The Tier-I Capital was at 15.85% as on March 31, 2025 as
against 14.03% as on March 31, 2024.
3. The Capital to Risk Weighted Assets Ratio (CRAR) was at 17.94%
as on March 31, 2025, compared to 16.44% in March 31, 2024 as against the
regulatory requirement of 11.50%.
E. RECRUITMENT / TRAINING
As per Government guidelines, Bank implemented the rule of reservation
in direct recruitment for SC/ ST/EWS/OBC/PwBD category and pre-promotion trainings were
offered to employees belonging to SC/ST/OBC and PwBD category during the process of
internal promotions.
F. CHANGES IN THE BOARD DURING THE FINANCIAL YEAR:
All the Directors have been appointed/nominated by the Govt. of India
(GOI) except Shareholder Directors. DFS has appointed/nominated,
Dr. Alok Pande as GoI Nominee Director of the Bank with effect from
13.05.2024.
Shri Binod Kumar as Managing Director and CEO of the Bank with effect
from 16.01.2025. care
Shri Sanjeev K Maheshwari was elected as shareholder Director of the
Bank for a period of three years with effect from 21.12.2024 to 20.12.2027.
The details regarding the completion or cessation of the term of
appointment are as follows,
The term of appointment of Shri Shanti Lal Jain, as Managing Director
of the Bank ceased on 01.01.2025 on his completion of term of appointment.
The term of appointment of Shri Vishvesh Kumar Goel as Part Time
Non-Official Director of the Bank ceased on 21.12.2024 on his completion of term of
appointment.
The term of appointment of Shri Balmukund Sahay as Part Time
Non-Official Director of the Bank ceased on 21.12.2024 on his completion of term of
appointment.
The term of appointment of Ms. Papia Sengupta as Shareholder Director
of the Bank ceased on 29.10.2024 on her completion of term of appointment.
The term of appointment of Dr. M P Tangirala as GoI Nominee Director of
the Bank ceased on 13.05.2024 vide Government of India, Ministry of Finance, Department of
Financial Services, Notification No. 6/2(ii)/2022-BO.I dated 13.05.2024.
G. DIRECTORS? RESPONSIBILITY STATEMENT
The Directors confirm that in the preparation of the annual accounts
for the year ended March 31, 2025:
1. The applicable accounting standards have been followed along with
proper explanation relating to material departures, if any.
2. The accounting policies framed in accordance with the guidelines of
the Reserve Bank of India, were consistently applied.
3. Reasonable and prudent judgment and estimates were made so as to
give a true and fair view on the state of affairs of the Bank at the end of the year and
profit of the Bank for the year ended March 31, 2025. sufficientwere4.
takenProperforandthe maintenance of adequate accounting records in accordance with the
provisions of applicable laws governing banks in India; and
5. The accounts have been prepared on a going concern basis.
H. ACKNOWLEDGEMENT
The Board expresses its deep sense of gratitude to the Government of
India, State Governments, Reserve Bank of India and Securities & Exchange Board of
India for the valuable guidance and support received from them. The Board is also grateful
to the financial institutions and correspondent Banks for their co-operation and support.
The Board acknowledges the unwavering support of its customers and shareholders.
The Board places on record its appreciation for the valuable
contribution made by Shri Shanti Lal Jain, Dr. M P Tangirala, Ms. Papia Sengupta, Shri
Vishvesh Kumar Goel and Shri Balmukund Sahay who ceased to be members during the financial
year. The Board also places on record its appreciation for the dedicated services and
contribution made by members of staff for the overall performance of the Bank.