Performance Highlights for the Third Quarter of
Financial Year 2015-16
Global Business increased from Rs.438099 crore as at 31st Dec., 2014 to
Rs.464087crore as at 31st Dec, 2015 (up 6% y-o-y).
Domestic Business increased from Rs.372660 crore as at 31st Dec., 2014 to
Rs.391664crore as at 31st Dec, 2015 registering a y-o-y growth of 5%.
Global Advances increased from Rs.186630 crore as at 31st Dec., 2014 to
Rs.208194crore as at as at 31st
Dec, 2015 (up 12% y-o-y).
Domestic Advances increased from Rs.148825 crore as at 31st Dec., 2014 to
Rs.166521 crore as at 31st Dec., 2015 registering a y-o-y growth of 12%.
Global Deposits increased from Rs.251469 crore as at 31st Dec., 2014 to
Rs.255893crore as at as at 31st
Dec, 2015 (up 2% y-o-y).
Domestic Deposits increased from Rs.223835 crore as at 31st Dec., 2014 to
Rs.225143crore as at 31st Dec, 2015 registering a y-o-y growth of 1%.
CASA deposits (domestic) increased from Rs.62445 crore as at 31st Dec.,
2014 to Rs.68036crore as at 31th Dec., 2015 (up 9% y-o-y). Domestic CASA
deposits stood at 30.22% of total domestic deposits as at 31.12.2015.
Savings deposits increased from Rs.44524 crore as at 31st Dec., 2014 to
Rs.49380 crore as at 31st Dec., 2015 registering a y-o-y growth of 11%.
Operating Profit stood at Rs.929 crore in Q3, FY 2015-16 as against Rs.838
crore in Q3, FY 2014-15 (up 11% y-o-y).
Net profit stood at Rs.(119)crore in Q3, FY 2015-16 as against Rs.305 crore in
Q3, FY 2014-15 ( (139%) y-o-y).
Gross NPA ratio stood at 4.61% in Q3, FY 2015-16 as against 3.60% in
Q3, FY 2014-15.
Net NPA ratio stood at 3.04.% in Q3, FY 2015-16 as against 2.38% in Q3,
Provision Coverage Ratio stood at 58.67% in Q3, FY 2015-16 as against
62.96% in Q3, FY 2014-15.
Cost to income ratio stood at 55.02% in Q3, FY 2015-16 as against 52.01% in
Q3, FY 2014-15.
Book value per share increased from Rs.201.84 in Q3, FY 2014-15 to Rs.205.13in Q3, FY 2015-16.
Earnings per Share (EPS) – annualised stood at Rs. (7.12) in Q3, FY 2015-16
as against Rs.23.61 in Q3, FY 2014-15.
Return on Equity (ROE) stood at 5.56% in Q3, FY 2015-16 as against 13.17%
in Q3, FY 2014-15.
Net Interest Margin (NIM) stood at 2.32% in Q3, FY 2015-16 as against 2.25%
in Q3, FY 2014-15.
Non-interest Income increased from Rs.422 crore in Q3, FY 2014-15 to
Rs.551 crore in Q3, FY 2015-16 (up 29% y-o-y).
Return on Average Assets (RoA) annualised stood at (0.16) % in Q3, FY
2015-16 as against 0.44% in Q3, FY 2014-15.
Capital Adequacy Ratio (Basel III) stood at 10.91% as at 31.12.2015 as against 10.46% as at 31.12.2014.
Snap Shot of Performance
Parameter 31.12.15 31.12.14 Growth (%)
Global Deposits 255893 251469 2
Global Advances 208194 186630 12
Global Business 464087 438099 6
Gross NPA 9603 6724 43
Net NPA 6210 4370 42
Gross NPA Ratio (%) 4.61 3.60
Net NPA Ratio (%) 3.04 2.38
Provision Coverage Ratio (%) 58.67 62.96
Book Value per Share (`.) 205.13 201.84
Capital Adequacy Ratio (Basel II) (%) 11.21 10.67
Capital Adequacy Ratio (Basel III) (%) 10.91 10.46
Nine months period of FY 2015-16 Vs
Nine months period of FY 2014-15
Parameter Dec 15 Dec 14 Growth (%)
Net Profit 515 1106 -ve
Operating Profit 3194 2806 14
Interest Income 17515 15810 11
Other Income 1667 1316 27
Net Interest Income 4523 4097 10
Cost to income Ratio% 48.39 48.16
Earnings per Share (`.)
(Annualised) 10.37 23.61
NIM (%) 2.34 2.43
Parameter Dec 15 Dec 14
Net Profit -ve 305
Operating Profit 929 838
Interest Income 5499 5637
Other Income 422 551
Net Interest Income 1322 1516
NIM (%) 2.32 2.25
Cost to income Ratio (%) 55.02 52.01
Earnings per Share (`.) (Annualised) -ve 19.53
PROFITABILITY RATIOS (Nine month period):
Net profit stood at Rs.515 crore for 9 months in FY 2015-16 as against
` 1106 crore for 9 months in FY 2014-15 ((53) % y-o-y).
Operating profit stood at Rs.3194 crore for 9 months in FY 2015-16 as against
Rs.2806 crore for 9 months in FY 2014-15 (14% y-o-y).
PRIORITY SECTOR CREDIT ACHIEVEMENTS:
Priority Sector Credit increased by 14.47% from ` 53099.85 crore as at
31.12.2014 to ` 60781.61Crore as at 31.12.2015 forming 37.50% of ANBC.
Total Agricultural Credit increased by 8.81% from ` 23792.25 crore as at
31.12.2014 to ` 25887.63 crore as at 31.12.2015, forming 15.97% of ANBC.
Credit to Micro and Small Enterprises (MSE) increased by 29.39% from
` 17794.28 crore as at 31.12.2014 to ` 23283.22 crore as at 31.12.2015.
Credit to Weaker Section increased from ` 14245.57 crore as at 31.12.2014 to
` 17684.57 crore as at 31.12.2015, forming 10.91% of ANBC.
Credit to Minority Community increased from ` 8060.48 crore as at
31.12.2014 to ` 9662.41 crore as at 31.12.2015, forming 15.90% of Priority
To assist the farmers in taking up timely agricultural operations and increase
crop production, credit assistance of ` 22093.50 crore has been extended as
To augment crop production credit, 7.37 lakhs Syndicate Kisan Credit Cards
have been issued with the credit assistance of ` 7792.58 crore.
For the rural households, 42656 General Purpose Credit Cards (GCCs) have
been issued amounting to ` 71.57 crore.
The total outstanding advances to MSME Sector grew by 24.68% from
`21323.64 crore as at 31.12.2014 to `26587.11 crore as at 31.12.2015.
The total outstanding advances under Retail Credit portfolio grew by 20.93%
from `21090.09 crore as at 31.12.2014 to `25503.13 crore as at 31.12.2015.
During the year up to 31.12.2015, upgradation of NPAs was ` 1052.89 crore
and recoveries of ` 2018.85 crore was made. Out of which, cash recovery in
NPAs-Domestic was ` 2018.85 crore including cash recovery in Prudentially
written off Accounts amounting to ` 319.16 crore.
To accelerate recovery performance under NPA, during the current financial
year 3 Bruhat Synd Adalats were conducted. Bank has mobilized 51404
proposals involving one time settlement amount of ` 490.45 crore.
Bank has opened 137 branches during Q3, FY 2015-16 taking total number of
branches to 3702 as on 31.12.2015 (including a branch in London) comprising
of 1215 Rural, 998 Semi Urban, 813 Urban and 675 Metro branches. Bank
has presence in all the States and 6 Union Territories of the country.
In commemoration of the 90th Foundation Day, Bank opened 90 branches
across the country on 20.10.2015
REGIONAL RURAL BANKS:
Bank has sponsored 3 RRBs – Prathama Bank, Karnataka Vikas Grameena
Bank and Andhra Pragathi Grameena Bank having a branch network of 1463.
All three RRBs are profit making and have a total business of ` 47462 crore.
SYND SAMAGRA GRAM VIKAS YOJANA:
Bank has adopted 26 villages in our Lead Districts across the country for all
round development. An amount of ` 5.20 Crore is being utilized under this
Bank is convener of SLBC in Karnataka State and in the Union Territory of
Lakshadweep and is taking proactive steps for implementation of Government
Bank has opened 1.28 lakh Basic Savings Bank Deposit Accounts (BSBDA)
during Q3 FY 2015-16. The balance outstanding overall in 110.84 lakh BSBD
Accounts is `3731.35 crore as on 31.12.2015.
To promote financial literacy in the villages, 10367 financial literacy
programmes were organized upto 31.12.2015 (from April 2015 to Dec 2015),
in which 4.45 lakh persons were benefitted.
Bank has opened 39.66 lakh accounts under PMJDY having a balance of
` 720.97 crore as at 31.12.2015. During Q3 FY 2015-16, 0.46 lakh PMJDY
accounts were opened.
35.27 lakh RuPay Cards have been issued under PMJDY.
DIRECT BENEFIT TRANSFER (LPG):
During the period 15.11.2014 to 31.12.2015 under re-launched DBTL, 177.99
lakh credits have been received by our Bank with benefit amounting to
` 390.07 crore credited to beneficiaries’ accounts. During Q3 FY 2015-16,
24.11 lakh credits have been received with benefit amounting to ` 49.75 crore
credited to beneficiaries’ accounts.
Bank has operationalized 3671 ATMs.
Bank has issued 4.74 lakh new VISA/Maestro/Rupay/Rupay Kisan, RuPay
Platinum, Mudra, AEPS, RuPay EMV Debit Cards
The total number of Debit cards issued is 157.61 lakh and Credit cards is
Bank has installed 2259 POS Terminals.
Bank has raised `750 crore Basel III Compliant Tier II bonds in December
2015 in addition to `1000 crore raised in earlier quarters during FY 2015-16.
Bank has obtained permission from Government of India for issue of Basel III
Compliant Additional Tier 1 Bonds to the extent of Rs.1800 Crore.
Bank has taken shareholders’ approval to raise equity capital up to `2000
crore to augment its capital base by way of Qualified Institutional Placement
(QIP) Issue, Rights Issue, follow on Public Issue or any other mode approved
by Government of India or Reserve Bank of India to comply with Basel-III
norms and cater to its growing business.
Campaign under Housing Loans and Four Wheeler Loans
Bank has waived 50% of Processing and Documentation charges on Four
Wheeler Loans under SyndVahan Scheme up to 31.03.2016.
“Mutual Fund Bonanza” campaign
Bank launched “Mutual Fund Bonanza” campaign from 15.10.2015 to
15.12.2015 to increase the base of Systematic Investment Plans (SIP) and to
generate revenue for the Bank from the lump sum investments with all nine mutual fund companies .
Bank extends credit facilities to professionally qualified persons having
professional degree / diploma / certification such as Engineering / Architects
cum builders /Doctors / CAs etc. Loans up to Rs.5 crore is provided at
concessional interest rate.
To promote renewable and green energy, Bank has launched a new Scheme
namely “SyndSolar” for financing Off Grid Solar Roof Top Systems as a part of
Home Improvement loan/Home loan provided by the Bank.
SyndMortgage Scheme modified
Bank has waived obtention of Guarantor/Surety of adequate Net worth
acceptable to the Bank, in respect of SyndMortgage loans against the
mortgage of Residential and Commercial properties only.
Synd Defence Plan
Bank has extended a special package for Defence Personnel including
offering higher interest rate on deposits and cheaper advances under select
Synd Swayam-Savings Bank Online Account Opening Service
Keeping in view the gen-Y customers, Bank has initiated digitization of many
services. “Synd Swayam-Savings Bank Online Account Opening Service”
would facilitate customers to open account at ease and convenience by simply
filling their personal data.
CORPORATE SOCIAL RESPONSIBILITY:
Bank recognizes CSR as a tool for improving society & building a sustainable
environment. During the quarter, Bank has undertaken various CSR activities,
including the activities mentioned below:
Donation of mobility appliances / wheeler chairs to handicapped and
differently abled persons.
Donation of computers to educational institutions & schools bags to poor
students of Govt. schools.
Donation of water purifiers, air conditioners and waste disposal units to
Donation towards construction of toilets as well as replacement of sanitary
pipeline for toilets in Government schools.
Donation of white canes for blind / visual impaired, as well as tables with
chairs to the Deaf Aid Society.
Donation to Charitable Trust for cancer check up camps and Sanskriti
Parishad for carrying out free eye operation camp.
Donation of relief materials to flood victims of Chennai.
Donation to corporation for waste management under Swachh Bharat Abhiyan.
HUMAN RESOURCE PLANNING:
During the year 2015-16, up to 31st December 2015, Bank has recruited 3426 staff
comprising of 1759 Officers and 1667 Clerks.
ACCOLADES & AWARDS:
Bank has been awarded “Banking Excellence Award 2015, for the 3rd best
Bank at national level under Public Sector Banks category for the year 2014-
15” by State forum of Bankers Club Kerala.
Synd e-Passbook wins “SKOCH Award, for India’s Best-2015 in Smart
Adjudged first under Rajbhasha Kirti Puraskar for the Financial Year 2014-15
among Nationalised Banks and Financial Institutions of Region ‘C’ for
outstanding implementation of Official Language Policy.
SyndicateBank is one among the Five from Karnataka in Forbes’ 2000 list of
most powerful public companies.
Our Bank has been awarded the following NPCI Excellence Award for the
year 2015 under Mid-sized Bank Category:
Winner of NFS ATM Network Performance Award of National Financial
Runner Up Award for Cheque Truncation System (CTS) Performance.
Joint Runner Up award for performance in National Automated Clearing
Bank is in the process of undertaking Business Process Re-engineering in order to
perk up its operations, enhance profitability, unfold potential of human resources
and reduce overall transaction costs of various products & services. The project
covers broadly the following areas:
Sales & CRM
Human Resource Development