How Automation is Driving Efficiency Through the Last Mile of Reporting
Central Bank of India Balance Sheet
1. Central Bank of India (Marathi: ऑफ ), a government-owned bank, is one of the oldest and largest commercial banks inIndia. It
[2]
is based in Mumbai. The bank has 3,563 branches and 270 extension counters across 27 Indian states and three Union Territories.
[3]
Mr. M.V TANKSALE has been appointed as Chairman & Managing Director, Central Bank of India with effect from June 29, 2011. Prior to his appointment
as Chairman & Managing Director, Central Bank of India Shri Tanksale was the Executive Director, Punjab National Bank since March 2009. Central Bank of
India, one of the leading Public Sector Banks in the country has paid a Dividend of 192.66 crore to the Government of India for the Financial Year 2010-11.
Shri M V Tanksale, Chairman & Managing Director, Central Bank of India has handed over the Dividend Cheque of 192.66 crore to (Centre) Hon’ble Union
Finance Minister Shri Pranab Mukherjee on 19/08/2011 at New Delhi.
[4]
Central bank of India is one of 18 Public Sector banks in India to get recapitalisation finance from the government over the next 24 months. The infusion of
funds will improve the financial health of the banks as their capital adequacy ratio (CAR) will be raised more than desired level of 12 percent. The increase in
CAR of the banks will also enable them to lend more money. The CAR of Central Bank of India was less than 12 percent as on 30 June 2006.
The wholly owned public sector bank, based in Mumbai, will convert an amount of 800 crore out of its 1,124.14-crore total equity capital into perpetual
non-cumulative preference shares.The preference shares would carry an annual floating coupon rate of eight per cent, which would be benchmarked to 100
basis points above the repo rate. It will shore up the balance-sheet of the bank and enable it to raise capital from the markets.
According to an official statement, the equity capital restructuring would lead to an improvement in the bank's credit rating as also facilitate the adoption of
Basel II norms.
For financial year 2008-2009, Central Bank of India's Q3 standalone net profit went up at 353.26 crore from 201.01 crore (YoY). The bank's standalone
[5]
net interest income, NII was up at 671.94 crore versus 544.85 crore (YoY).
Central Bank of India has approached the Reserve Bank of India (RBI) for permission to open representative offices in five locations - Singapore, Dubai,
Doha, London and Hong Kong. This is the first time the bank is venturing an independent overseas foray after the Sethia scam in the 1970s forced the bank
[6]
to close down its London office. RBI had then asked the other two banks, who had operations in London, to close down.
As on 31 March 2011, the bank's reserves and surplus stood at 6,868.85 crore. Its total business at the end of the last fiscal amounted to 2,09,757.33
crore.The bank had a staff strength of 37,241 as on Nov 2006.
[7]
Central Bank of India partnered with TCS[ Tata Consultancy Services ] for its Core Banking Solution. The solution set to be implemented will include
B@NCS from Sydney-based Financial Network Solutions (FNS), Exim Bills Trade Finance software from China Systems and eTreasury from TCS. With all of
its branches in the core banking system (CBS).
Contents
[hide]
1 History
2 See also
3 References
4 External links
[edit]History
[8]
It was established on 21 December 1911 by Sir Sorabji Pochkhanawala with Sir Pherozesha Mehta as Chairman, and claims to have been the first
commercial Indian bank completely owned and managed by Indians.
In 1923, it acquired the Tata Industrial Bank in the wake of the failure of the Alliance Bank of Simla.
In 1969, the Indian Government nationalized the bank on 19 July, together with 13 others.
Central Bank of India was one of first bank to issue credit cards in the year 1980 in collaboration with MasterCard
vv
Balancesheet - Central Bank of India
Particulars Mar'12 Mar'11 Mar'10 Mar'09 Mar'08
Liabilities 12 Months 12 Months 12 Months 12 Months 12 Months
Share Capital 2,353.12 4,046.83 1,771.14 1,321.14 1,204.14
Reserves & Surplus 8,201.45 4,898.15 3,959.08 3,081.99 2,699.95
Net Worth 12,451.53 10,873.40 7,692.25 6,412.05 5,942.76
Secured Loans 12,919.60 12,887.98 7,326.64 804.25 449.10
Unsecured Loans 196,173.33 179,356.02 162,107.47 131,271.85 110,319.67
TOTAL LIABILITIES 221,544.45 203,117.40 177,126.35 138,488.15 116,711.53
Assets
Gross Block 3,770.80 3,559.31 3,333.97 3,181.69 3,119.80
(-) Acc. Depreciation 1,296.89 1,133.93 990.68 903.70 799.51
Net Block 576.95 496.96 381.27 269.07 281.62
Capital Work in Progress. 0.00 0.00 0.00 0.00 0.00
2. Investments. 59,243.27 54,504.49 50,562.87 43,060.72 31,455.19
Inventories 0.00 0.00 0.00 0.00 0.00
Sundry Debtors 0.00 0.00 0.00 0.00 0.00
Cash And Bank 14,126.60 15,282.80 19,217.01 12,251.24 12,839.24
Loans And Advances 153,955.96 137,544.65 110,548.45 90,065.28 77,341.07
Total Current Assets 168,082.57 152,827.45 129,765.47 102,316.52 90,180.31
Current Liabilities 8,255.29 6,639.93 5,545.27 9,167.07 7,244.26
Provisions 0.00 0.00 0.00 0.00 0.00
Total Current Liabilities 8,255.29 6,639.93 5,545.27 9,167.07 7,244.26
NET CURRENT ASSETS 159,827.27 146,187.52 124,220.20 93,149.45 82,936.05
Misc. Expenses 0.00 0.00 0.00 0.00 0.00
TOTAL ASSETS (A+B+C+D+E) 221,544.45 203,117.40 177,126.35 138,488.15 116,711.52
Mar
Mar '11 Mar '10 Mar '09 Mar '08
'12
Investment Valuation Ratios
Face Value 10.00 10.00 10.00 10.00 10.00
Dividend Per Share 2.00 2.50 2.20 2.00 2.00
Operating Profit Per Share (Rs) 16.46 40.80 35.67 23.70 16.93
Net Operating Profit Per Share (Rs) 274.05 397.29 331.37 279.24 208.29
Free Reserves Per Share (Rs) 82.00 72.01 59.03 45.03 42.59
Bonus in Equity Capital -- -- -- -- --
Profitability Ratios
Interest Spread 3.51 3.82 2.80 3.10 2.48
Adjusted Cash Margin(%) 3.31 8.39 8.28 5.72 7.16
Net Profit Margin 2.61 7.66 7.70 4.99 6.31
Return on Long Term Fund(%) 138.59 166.98 188.21 207.85 169.69
Return on Net Worth(%) 4.52 21.45 23.03 14.43 15.46
Adjusted Return on Net Worth(%) 4.52 21.45 23.04 14.44 15.48
Return on Assets Excluding Revaluations 121.42 131.20 107.96 86.26 76.81
Return on Assets Including Revaluations 147.19 178.92 156.51 135.97 127.25
Management Efficiency Ratios
Interest Income / Total Funds 9.26 8.27 8.21 8.44 7.85
Net Interest Income / Total Funds 2.84 3.17 2.37 2.29 2.47
Non Interest Income / Total Funds 0.10 0.14 0.21 0.11 0.28
Interest Expended / Total Funds 6.42 5.09 5.83 6.15 5.38
Operating Expense / Total Funds 2.29 2.32 1.49 1.57 1.83
Profit Before Provisions / Total Funds 0.59 0.93 1.05 0.77 0.84
Net Profit / Total Funds 0.24 0.64 0.65 0.43 0.51
Loans Turnover 0.15 0.14 0.14 0.14 0.13
Total Income / Capital Employed(%) 9.36 8.41 8.42 8.55 8.13
Interest Expended / Capital Employed(%) 6.42 5.09 5.83 6.15 5.38
Total Assets Turnover Ratios 0.09 0.08 0.08 0.08 0.08
Asset Turnover Ratio 5.35 4.51 4.02 3.55 2.70
Profit And Loss Account Ratios
Interest Expended / Interest Earned 73.01 65.01 78.90 78.69 72.20
Other Income / Total Income 1.09 1.68 2.50 1.31 3.38
Operating Expense / Total Income 24.42 27.63 17.70 18.37 22.51
Selling Distribution Cost Composition 0.17 0.60 0.12 0.13 0.08
Balance Sheet Ratios
Capital Adequacy Ratio 12.40 11.64 12.23 13.12 10.42
Advances / Loans Funds(%) 73.51 71.74 69.90 70.40 75.13
Debt Coverage Ratios
Credit Deposit Ratio 73.83 68.85 65.06 65.60 64.63
Investment Deposit Ratio 30.29 30.77 31.91 30.84 30.66
Cash Deposit Ratio 7.24 9.11 9.56 9.34 8.81
Total Debt to Owners Fund 22.13 34.13 37.47 37.92 35.80
Financial Charges Coverage Ratio 0.10 0.19 1.19 1.13 0.17
Financial Charges Coverage Ratio Post Tax 1.05 1.14 1.12 1.08 1.11
Leverage Ratios
Current Ratio 0.03 0.04 0.03 0.03 0.04
Quick Ratio 20.24 22.84 23.00 11.03 12.27
Cash Flow Indicator Ratios
Dividend Payout Ratio Net Profit 47.39 15.69 11.24 21.09 22.17
Dividend Payout Ratio Cash Profit 34.97 14.20 10.42 18.08 19.22
Earning Retention Ratio 52.66 84.32 88.76 78.93 77.85
3. Cash Earning Retention Ratio 65.05 85.80 89.58 81.93 80.80
AdjustedCash Flow Times 289.77 130.80 142.54 200.36 176.73
Mar
Mar '11 Mar '10 Mar '09 Mar '08
'12
Earnings Per Share 5.49 28.15 24.87 12.45 11.88
Book Value 121.42 131.20 107.96 86.26 76.81
Source : Dion Global Solutions Limited