Indian Bank Q3 down 37% at Rs 330.58 cr
Total deposits grew to Rs 1,35,077 crore as compared to Rs 1,18,970 crore in the year-ago period.
The CASA (current account savings account) deposits improved to Rs 38,268 crore in December 2012 from Rs 35,919 crore in December 2011.
On asset quality, Bhasin said the gross NPA to Gross advances ratio and net NPA to net advances ratio stood at 3.18 per cent and 2.17 per cent, respectively.
During the nine month period ending December 31, 2012, the bank made NPA recovery of Rs 442 crore in addition to upgradation of NPAs to standard accounts to the tune of Rs 360 crore.
Till December 31, 2012 the bank's exposure to educational loan portfolio was Rs 3,648.17 crore and in the third quarter the bank disbursed Rs 403.52 crore as educational loan to 661,96 students.
To a query on implementing the Cash Transfer Scheme, launched by Union Government from January one, 2013, he said the bank has implemented it in Puducherry and Chittoor.
"All (our) banks have been linked into the Aadhaar scheme.
It is totally glitchless and successfully implemented. Even in Chittoor it has been 100 per cent successful", he said, adding, the bank has baout 15,000 beneficiaries in Puducherry while one lakh in Chittoor district.
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