MESSAGES

Key Highlights in FY24 1. Board of Directors have recommended a dividend of Rs. 3.60 per equity share (36% of face value of Rs.10 per equity share) for the year ended March 31, 2024 subject to requisite approvals. 2. Strong Financial Performance: Net Profit of the Bank increased by 61.84% on YoY basis during FY24. Net interest income of Bank grew by 11.61% on YoY basis during FY24. 3. Bank continues to demonstrate a strong Liability franchise: Domestic deposits have increased by 8.42% YoY. Bank now have a total deposits base of Rs.12,21,528 Crores as on March 31, 2024. 4. Business Growth gaining momentum: Total Business of the Bank increased by 10.31% YoY, wherein Gross Advances increased by 11.73% YoY & Total Deposit grew by 9.29% YoY. Bank has a total Business of Rs.21,26,412 Crores as on March 31, 2024. 5. Growth in Retail, Agri and MSME (RAM) segments: RAM Segment of the Bank increased by 13.82% YoY, where 11.14% growth in Retail, 20.95% growth in Agriculture and 8.58% growth in MSME advances is achieved on YoY basis. RAM advances as a percent of Domestic Advances stood at 56.90%. 6. Reduction in NPA: Gross NPA (%) reduced by 277 bps on YoY basis to 4.76% and Net NPA (%) reduced by 67 bps on YoY basis to 1.03% as on 31.03.2024. 7. Strong Capital Ratios: CRAR improved from 16.04% as on 31.03.2023 to 16.97% as on 31.03.2024. CET1 ratio improved to 13.65% as on 31.03.2024 from 12.36% as on 31.03.2023. 8. Improved Returns: Bank s Return on Assets & Return on Equity improved to 1.03% and 15.58% respectively during FY24.