AUDITEDFINANCIALRESULTS.pptVIP

AUDITED FINANCIAL RESULTS For the year ended 31st March 2007 HIGHLIGHTS FINANCIALS PROFIT LOSS PROFIT LOSS NON INTEREST INCOME BREAK UP OF NON INTEREST INCOME BREAK UP OF NON INTEREST INCOME .. contd PROVISIONS CONTINGENCIES RESOURCES DEPOSITS DEPLOYMENT INVESTMENT PORTFOLIO ASSET QUALITY ASSET QUALITY ASSET QUALITY CAPITAL ADEQUACY COST / YIELD FACTORS [%] FINANCIAL RATIOS FINANCIAL RATIOS PRODUCTIVITY RATIOS NEW INITIATIVES AND THRUST EXPANDING OUTREACH : 13 New Branches were opened during the year - 1st foot print established at Pondicherry (U.T.); Total Branches increased from 1122 to 1135; Industrial Finance Branch (IFB) established at Ahmedabad – addition to the existing One IFB One CBB at Mumbai; 50 more branches awarded ISO Certification during the year - total tally : 225. NEW INITIATIVES AND THRUST TECHNOLOGY: Landmark year for the Bank towards its Technology based initiatives; Ushered into CORE BANKING, having awarded a Total Outsourcing contract to M/s Wipro to cover 850 Branches under the solution - Software Support from Infosys - Finacle; 12 branches opened during the year were taken under Core Banking ab-initio; 29 New ATMs installed during the year - Total tally of 269 ATMs (including 49 off-site locations); 2 Bio-metrics ATMs installed at Rural Centres in Gujarat - introducing a feel ease of Technology to the Rural / less-literate folk; NEW INITIATIVES AND THRUST TECHNOLOGY: Transformation through Technology : Bank has set up its own network “DENANET” using 521 leased lines, 226 ISDN lines, 121 V-SATs and 615 Dial up lines connecting 1006 branches and 34 administrative offices; ‘DENANET” is continuously being monitored on 24x7 basis ensuring more than 99 % uptime. MoU signed with Indian Railways for installation of 117 ATMs 78 Kiosks at Railway Stations for dispensation of Railway tickets, e-tickets, monthly / quarterly tickets, PRS / UTS tickets, besides offering other normal services. NEW INITIATIVES AND THRUST AUGMENTING RESOUR