Andhra Bank Deposit Form Never Underestimate The Influence Of Andhra Bank Deposit Form
Chairman & Managing Director’s Letter to Shareholders
I am admiring to allotment with you the achievement of your Bank for the Banking Year 2012–13. Alike beneath fatigued bread-and-butter environment, your Bank has apparent able-bodied advance in Business. I am blessed to acquaint that your Bank has beyond the anniversary of Rs.2,00,000 Crore of Total Business during 2012–13.
Risks and uncertainties abide on the all-around bread-and-butter avant-garde and advance indicators point to a apathetic all-around growth. Political abridgement risks that block or adjournment aboveboard and bent action accomplishments in avant-garde economies (AEs) are inhibiting recovery.
For Emerging and Developing Economies (EDEs), risks of spillovers from AEs abide significant. While all-around inflationary pressures are acceptable to be subdued, accustomed still ample achievement gaps, several EDEs could potentially face the blackmail of animated activity prices.
The calm abridgement continues to face above challenges in the anatomy of an alarming Current Annual Deficit
(CAD) and deepening Balance of Payments situation. These factors accept contributed to the breakable investors’ aplomb and bazaar sentiments. The Advance Estimates of National Income 2012–13 appear by Central Statistics Office (CSO) accept estimated GDP advance at a decade low akin of 5.0%.
During the Banking Year 2012–13, Banking Industry performed bigger than the antecedent year alike in the accomplishments of a slowing economy. The Deposits of Scheduled Commercial Banks registered a advance amount of 14.3% over the antecedent year as compared to a y–o–y advance of 13.4% registered during the antecedent Banking Year.
Gross Bank Acclaim of SCBs recorded a advance amount of 14.1% over the antecedent year, which is lower than the advance of 17.0% witnessed during FY 2011–12. The accepted bread-and-butter arrest contributed to a low acclaim off–take during 2012–13.
The Credit–Deposit Ratio for the industry remained abiding at 78.0%.
The achievement highlights of your Bank for the Banking Year 2012–13 are as follows:
Total Business added from Rs.1,90,535 Crore in 2011–12 to Rs.2,23,933 Crore in 2012–13, registering a advance amount of 17.5%.
Total Deposits added to Rs.1,23,796 Crore from
Rs.1,05,851 Crore in the antecedent year, registering a advance amount of 17.0%.
CASA Deposits added to Rs.31,759 Crore from Rs.27,947 Crore, registering a advance amount of 13.6%.
Cost of Deposits stood at 7.87%.
Gross Bank Acclaim added to Rs.1,00,138 Crore from Rs.84,684 Crore, registering a advance amount of 18.2%.
Credit Deposit Ratio stood at 80.94% compared to 80.07% during the antecedent year.
Net Interest Margin stood at 3.21%.
Non–Interest Income stood at Rs.1,047 crore.
Net Profit for 2012–13 stood at Rs.1,289 Crore.
Gross NPAs to Gross Advances Ratio stood 3.71%. at
Net NPAs to Net Advances Ratio stood at 2.45%.
Capital Adequacy Ratio stood at 11.76% beneath BASEL–II.
Return on Average Assets stood at 0.99%.
Net Profit per Employee stood at Rs.7.80 lakh.
Average Business per Employee stood at Rs.12.22 Crore.
It gives me abundant amusement to acquaint that your Bank has surpassed the targets beneath Priority Sector Lending,including Agricultural Advances.
During FY 2012–13, your Bank has taken the afterward I.T.initiatives to advance Customer Service:
Cheque Deposit Machines accept been installed during the year at baddest Branches.
Bunch Note Acceptor machines accept been deployed at e–banking centres.
100 self–service passbook press kiosks accept been deployed during the year.
Bank has launched IMPS P2A (Person to Account) funds alteration ability application almsman annual cardinal as IFSC code.
IMPS ability has been continued to the barter through our Bank’s ATMs also.
Security appearance for Internet Banking affairs accept been added by introducing One Time Password (OTP) for banking transaction, One time Access Cipher (OAC) and cooling aeon for accession of third affair payee.
Due to the aplomb and abutment placed by the shareholders on the Bank and on annual of the adamantine efforts put in by the committed staff, your Bank accustomed the afterward awards during 2012–13:
Based on the appraisal of 503 Rural Self Employment Training Institutes (RSETIs) advance beyond the country, our Rajahmundry Institute has been adjudged the Best RSETI in the country for the year 2011–12 by Ministry of Rural Development, Government of India.
In the NFS Operational Excellence Awards 2012 (National Payment Corporation of India) captivated at Mumbai on 14.12.2012, your Bank was presented “Special Jury Award” in acceptance of your Bank’s accomplished achievement in key ambit in account of ATMs and Switch affiliated to NFS ATM Network.
The Board of Directors of the Bank accept recommended a allotment of 50% for the year 2012–13. Your Bank is committed appear carrying best casework to barter by leveraging on technology and animal resources, and would endlessly assignment appear maximizing shareholders’ value.
With balmy wishes,
(B. A. PRABHAKAR)
Chairman & Managing Director
Place : Hyderabad
Date : 02.05.2013
Andhra Bank Deposit Form Never Underestimate The Influence Of Andhra Bank Deposit Form – andhra bank deposit form
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