Oriental Bank of Commerce FINANCIAL RESULTS FOR Q1 OF FY-2013-14
Oriental Bank of Commerce
HIGHLIGHTS OF FINANCIAL RESULTS FOR Q1 OF FY-2013-14
Rs. In Crore)
Q1
FY-2013-14
|
Q1
FY-2012-13
|
% Growth (YoY)
| |
Operating Profit
|
1088.27
|
896.54
|
21.39%
|
Total Income
|
5255.70
|
4695.57
|
11.93%
|
Net Interest Income (NII)
|
1307.03
|
1125.84
|
16.09%
|
Non Interest Income
|
538.05
|
408.41
|
31.74%
|
June,2013
|
June,2012
|
Growth (YoY)
| |
Business Mix
|
3,04,269
|
2,72,048
|
11.84%
|
Total Deposits
|
1,76,275
|
1,58,152
|
11.46%
|
Total Advances
|
1,27,995
|
1,13,896
|
12.38%
|
Core Deposits
|
1,44,873
|
1,16,247
|
24.63%
|
Bulk Deposits
|
31,221
|
41,478
|
-24.73%
|
CASA Deposits
|
41,844
|
37,990
|
10.14%
|
Retail Advances
|
14,492
|
11,872
|
22.07%
|
Priority Sector Advances
|
45,584
|
40,244
|
13.27%
|
Total Agriculture Advances
|
17,149
|
15,010
|
14.25%
|
Direct Agriculture Advances
|
13,776
|
11,898
|
15.79%
|
CD Ratio
|
72.69%
|
72.21%
|
48 bps
|
Cost of Deposits
|
7.70%
|
7.99%
|
-29 bps
|
Net Interest Margin (NIM)
|
2.90%
|
2.79%
|
11 bps
|
Business per Employee
|
15.98
|
14.72
|
8.55%
|
Book Value per Share (in Rs.)
|
413.87
|
377.24
|
9.71%
|
Capital Adequacy of the Bank under BASEL II 12.02% (Tier I : 9.25%, Tier II : 2.77%)
༯span>
Capital Adequacy of the Bank under BASEL III 10.97% (Tier I :8.65%, Tier II : 2.32%)
123 New Branches opened and 123 new ATMs installed during the quarter. Total Delivery Channels of the Bank stood at 3598 (2023 Branches and 1575 ATMs)
Easing of Retail FDI norms by Union Government – Betrayal of
Millions of small retailers, farmers and small scale entrepreneur
- The BJP is opposed to the dilution of the mandatory 30% local sourcing norms for multi-brand retailers and permitting states to include cities with population less than 1 million for allowing multi-brand retailing which will enable the global retailers to open their stores in too small formats and will allow them to crush the domestic trade, small manufactures and shopkeepers of the country.
- Easing the FDI norms for retail trade by the Union Cabinet today is the beginning of an era of economic dependency and exposes the complete helplessness of the UPA government. The current policy of the Union Government to provide unprecedented advantages to global retailers and big corporate houses once again proved that the Government is working under pressure of invisible forces and has lost the creditability of standing on its own legs.
- I would like the government to come out openly as to what has happened that led the Government to run helplessly towards foreign investment in every sector. Such a mindset corroborated with related activities amply reflects that the Government has lost its control over the economy which is now being driven by invisible forces. It is astonishing that when only couple of days were left for beginning of Parliament session, what prompted the Government to take hurried decision on such an important issue which has vital bearing on the livelihood of crores of people in the country. Heaven would not have fallen, if Government would have waited for few more days.
- As per decision, the global retailers will now have to source 30 percent of their products from small and medium enterprises only at the time of start of business and foreign investor will have to make the mandatory USD 50 million at the first engagement only. Thereafter, the investment would depend upon the business needs. These are two such conditions that will empower the global giants to control and dominate the retail trade of India.
- This decision of the Government speaks volumes about the confusion in the UPA. One the one hand the Finance Minister says that manufacturing is the key for growth and on the other this dilution of FDI norms hits hard the SMEs which contribute maximum to the manufacturing sector and also to exports. The government, deep in trouble due to uncontrollable depletion of the Forex and rising CAD in its drive for attracting foreign investment, is destroying the SMEs which are the most potential source for augmenting forex. Countries progress by self confidence and prudent economic policies rather than moving with a begging bowl. The investment is not attracted by handing over the economy to foreign players, it is attracted with sound administrative norms, transparency and corruption free system. Government instead of reforming its culture of administration and weeding out corruption is killing small traders, farmers and small manufacturers.
- CAIT the apex body of retailer’s organisations in different sectors has appealed the people to oppose this economically unsound decision which harms the national interests and I join their appeal to all political parties to support them in and outside Parliament. The BJP is firmly opposed to this move of the government and supports the just demands of the retail traders.
[This is Dr. M.M. Joshi's statement for the Press Conference on 29.6.13]
MJ5 wins Star Plus⠉IndiaⳠDancing Superstar
Posted on August 4, 2013 by sagarmedia
IndiaⳠbiggest dance celebration drew to a close
Akshay Kumar and Sonakshi Sinha crowned the winners
Mumbai, 3rd August 2013: After months of gruelling dance-offs, intense competition and many memorable moments, the countryⳠbiggest dance celebration, IndiaⳊDancing Superstar came to a grand finish on August 3, 2013. The top 5 finalists Palden-Khyati, MJ-5, Loyola Dream Team, Akshay Pal and Padmini-Debashish were seen battling it out on the dance floor till the very end with some breath taking and power packed performances ranging from the moonwalk to gym routines and never seen before stunts. With pounding heart, the three judges Ashley Lobo, Geeta Kapur and Riteish Deshmukh waited while Once Upon A Time in Mumbai Dobara stars Akshay Kumar and Sonakshi Sinha opened the golden envelope, announcing MJ5 as the first ever IndiaⳠDancing Superstar. Along with the IDS trophy MJ5 won a cash prize of Rs. 50 Lakhs.
Receiving the trophy from Akshay and Sonakshi, MJ5 couldnⴠbelieve they had won the envied titled. Overwhelmed with emotions the excited bunch was embraced by fellow contestants and their family members. ㉴Ⳡan unbelievable moment for us, all our hard work has finally paid off. We would like to thank our choreographers and the judges for their continuous support, the nation for voting and Star Plus for turning us celebrities⊯ver-night.䠳aid R. Karthik from MJ5.
This debut season of the dance reality show aimed to provide a platform to the most passionate and talented dancers in India. Based on a simple philosophy of dance being an expression of emotion and hence anybody who exhibits this talent can come without any barrier of age, dance form or style. The participants were a mix of children, teenagers, young adults and even grandparents competed on the same platform. This turned IndiaⳊDancing Superstar into a stunning showcase of innumerable dancing talent performing styles from Bollywood to Hip Hop, Contemporary to Ballroom, Salsa and B-Boying all on one stage!
㗥 all were sure who would be the top 5 to make it to the finale and am happy that the best contestants made it. MJ-5 has been very strong contenders from the beginning. ItⳠtheir hard work that has resulted in this glorious win.said Ashely Lobo. I am proud of the decision that the viewers made, I congratulate we all have been a great family and I am going to miss everything.said Geeta Kapur.
Talking about the performances, MJ-5Ⳡact consisted of plenty signature MJ moves, complete with interactive LED graphics; Loyola Dream Team staged a musical-type act with action-packed moves, back flips and stunts; a part of Akshay PalⳠact was dedicated to the IDS Studio; Padmini-Debashish used gym balls as their prop and their act was peppered with their signature moves and lifts; and Palden-Khyati performed stunning aerial lifts and stunts. The judges, Bollywood choreographer Geeta Kapur, dancer and choreographer Ashley Lobo and actor Riteish Deshmukh also took to the stage for the Grand finale.
No comments:
Post a Comment