Financial Highlights

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Business Performance as on September 30, 2009

• Total Deposits have increased by 20.97% to Rs.9774.45 crore from 8079.79 Crore on year on year basis whereas the Advances have increased by 15.58% to Rs.6973.53 from Rs.6033.62 Crore
• The Total Business of the Bank has increased by 18.67% at Rs.16747.97 Crore from Rs.14113.41 Crore.
• The Total Income increased by 16.61% at Rs.594.77 crore from Rs.510.05 crore.
• Net profit has increased by 29.29% to Rs.68.47 crore from Rs.52.96 Crore on year on year basis.
• Advances to priority sector have been increased from Rs.2649.41 crore to Rs.3040.57 crore on year on year basis and by surpassing the statutory requirement of 40% to 45.61% of the bank's adjusted net bank credit (ANBC).
• Advances to agriculture have been increased from Rs.917.28 crore to Rs.1249.83 crore on year on year basis. It constitutes 18.75% of the bank's adjusted net bank credit (ANBC) which is also more than the norms of 18% prescribed by RBI.
• Networth crossed Rs.1000 Crore

For more details, click Financial Results for Half Year Ending September 30, 2009.

Special Achievements in F.Y. 2008 - 2009

• The bank has been ranked No.1 among the cluster of 15 banks in overall performance with regard to Savings Bank Accounts in the survey conducted by Indian Banks' Association during the year 2008 through an approved agency.
• The bank has been awarded with Dun & Bradstreet's - Banking Awards India's Top Banks 2009 for the category of Rural Reach among the Private Sector Banks.
• The bank has been rated by Financial Express as No.2 among old private sector banks based on its performance for the year 2007-2008.

Performance Highlights as at March 31, 2009

• Servicing about 2.5 million + delighted customers.
• Business volume was at Rs.16137 crore from Rs.13001 crore up by 24.12%.
• Deposits increased to Rs.9566 crore from Rs.7670 crore and recorded a growth of 24.72%.
• Advances (Gross) increased to Rs.6571 crore from Rs.5331 crore and recorded a growth of 23.28%.
• Number of Savings Bank account crossed 11,84,000 (12,80,125 - as on 30.09.2009) mark
• Number of Current Account holders crossed 1,04,000 (1,08,483 - as on 30.09.2009) mark
• Brought all the 213 branches under FINACLE and achieved 100% networking.
• 125 own ATMs (76 Onsite and 49 Offsite) in major cities.
• Facility to access over 40696+ ATMs of 36 banks nationwide under National Financial Switch (NFS)
• C.D Ratio of the Bank stood at 68.69%.
• The operating profit is at Rs.265.27 crore (previous year Rs.224.39 Crore) registering an increase of 18.22%.
• Net Profit of Rs.150.21 crore was higher than that of the previous year at Rs.126.74 crore (increase of 18.52% over last year).
• The Capital and Reserves of the bank had increased to Rs.988.52 crore from Rs.858.28 crore.(increase of 15.17% over previous year).
• The bank has migrated to New Capital Adequacy Framework under Basel II norms from 31.03.2009.
• Capital Adequacy Ratio as per Basel I 14.48% ( previous year 15.35%). As per Basel II norms the CRAR stood at 16.05%
• Return on Equity stood at 16.08% (previous year 15.25%).
• Return on Assets was at 1.51% (previous year 1.58%).
• Business per employee increased to Rs.679 lakhs from Rs.542 lacs
• ? Profit per employee increased to Rs.6.43 lac from Rs.5.31 lac
• Gross NPA was brought down to 1.81% from 2.25%
• Net NPA was brought down to 0.34% from 0.38%.
• Foreign Exchange Merchant Turnover for the year ended 31.03.2009 increased to Rs.5781 Crore from Rs.4027 Crore.

More details at Performance Highlights F.Y. 2008 - 2009.

Complete Audited Balance Sheet as on March 31, 2009 Sheet I /
Complete Audited Balance Sheet as on March 31, 2009 Sheet II.

Performance Highlights as at March 31, 2008

• Net Profit of Rs.126.74 crore was higher than that of the previous year at Rs.105.77 crore (increase of 19.81% over last year).
• Return on Equity stood at 15.41% (previous year14.94%).
• Business volume was at Rs.13002 crore from Rs.10067 crore up by 29.16% constituting Deposits of Rs.7670 crore and advances of Rs.5331 crore.
• Deposits increased to Rs.7670 crore from Rs.6020 crore and recorded a growth of 27.42%.
• Advances increased to Rs.5332 crore from Rs.4047 crore and recorded a growth of 31.74%.
• C.D Ratio of the Bank improved to 69.50% from 67.23%
• Capital to Risk Adjusted Assets Ratio [CRAR] stood at 15.35%.
• Return on Assets was marginally increased to 1.58% from 1.57%
• Business per employee increased to Rs.542 lakhs from Rs.451 lacs
• Profit per employee increased to Rs.5.31 lacs from Rs.4.76 lacs
• Foreign Exchange Merchant Turnover increased to Rs.4027 crore from Rs.3923 crore by registering growth of 2.66%.
• Gross NPA was brought down to 2.25% from 4.54%
• Net NPA was brought down to 0.38% from 0.98%.
• Brought all the 200 branches under FINACLE and achieved 100% networking.
• Servicing about 2 million + delighted customers.
• Number of Savings Bank account crossed 10,00,000 mark
• Facility to access over 19854+ ATMs nationwide
• 103 own ATMs in major cities
• Introduced four new deposit schemes with competitive rate of interest, i.e. TMB-55 Months, TMB-400 days, TMB-222 days and TMB-150 days.
• Started issuing Certificate of Deposit in Demat form

More details at Performance 2008 Press Release.

Performance Highlights as at March 31, 2007

• Operating Profit for the year 2006-2007 was Rs.231.20 crore (increase of 18.98% over last year) up from Rs.194.32 crore for 2005-2006.
• Net Profit of Rs.105.78 crore was higher than that of the previous year at Rs.101.19 crore.
• Net owned funds increased to Rs.759.15 crore from Rs.656.79 crore with an increase of 15.58% over last year.
• Return on Equity stood at 14.94%
• The Board has proposed a dividend of 1000% for the shareholders subject to approval of the members at the Annual General Meeting.
• Earning per Share is Rs.3719/- which reflects the enhanced shareholders value.
• Capital Adequacy Ratio stood at 16.77%, which is higher in the Banking Industry.
• Business volume was at Rs.10067 crore from Rs.8329 crore up by 20.87% constituting Deposits of Rs.6020 crore and advances of Rs.4047 crore.
• Deposits increased to Rs.6020 crore from Rs.5203 crore and recorded a growth of 15.70%.
• Advances increased to Rs.4047 crore from Rs.3126 crore and recorded a growth of 29.46%.
• C.D Ratio of the Bank improved to 67.23% from 60%.
• Return on Assets at 1.57%.
• Business per employee increased to Rs.451 lakhs from Rs.358 lacs.
• Profit per employee increased to Rs.4.76 lacs from Rs.4.41 lacs.
• Foreign Exchange Merchant Turnover increased to Rs.3923 crore from Rs.3076 crore by registering growth of 27.54%.
• Net NPA was brought down to 0.98% from 2.17%.
• Brought all the 183 branches under FINACLE and achieved 100% networking.
• Servicing about 2 million delighted customers.
• Facility to access over 12300+ ATMs nationwide.
• 50 own ATMs in major cities.
• Introduced three new deposit schemes with competitive rate of interest, i.e. TMB-555, TMB-444 & Tax Savings Deposit Schemes (Malligai & Mullai).
• New loan products viz., TMB-SME credit and TMB-Banana Cultivation under tissue culture were introduced.
• More thrust on helping the Rural Poor through Self Help Group – The Bank has doubled its advances to the SHGs, i.e, from Rs.4.79 crore to Rs.10.55 crore which was benefited by 1507 SHGs.
• Thrust has been given to increase Education Loan and in result the amount of advance has been increased to Rs.13.52 crore from Rs.7.16 crore which was benefited by 1306 students.
• The Bank is actively participating in Financial Inclusion to inculcate savings habit among the underprivileged people and introduced TMB-Janatha Account (No Frill Account). The bank has multiplied its force and so far opened 51298 accounts under the scheme with balance of Rs.3.77 crore. Previously it was only 3976 accounts on 31.03.2006.
• Tie up arrangement with Franklin Templeton Asset Management Company Ltd., in addition to the existing ICICI Prudential, UTI & Reliance Capital Asset Management Companies to distribute their Mutual Fund Products.

More details at Performance 2007 Press Release.

Performance Highlights as at March 31, 2006

• Operating Profit for the year 2005-2006 was Rs.198.91 crore up from Rs.174.21 crore for 2004-2005.
• Net Profit of Rs.101.19 crore was higher than that of the previous year at Rs.82.35 crore.
• Capital Adequacy Ratio stood at 18.33%
• Net owned funds increased to Rs.656.79 crore ( increase of 17.53% over last year). Return on Equity stood at 16.65%.
• Business volume was at Rs.8329 crore, up by 11.75% constituting Deposits of Rs.5203 crore and advances of Rs.3126 crore.
• Average Deposits increased by Rs.526.02 crore and recorded a growth of 12.26%.
• Cost of Deposits was down to 5.96% a reduction of 19 basis points.
• Advances increased to Rs.3126 crore and recorded a growth of 19%.
• Yield on Advances was at 10.01% as on 31st March 2006.
• C.D Ratio of the Bank improved from 54% to 60%
• Return on Assets at 1.67%.

• Business per employee increased to Rs.358 lakhs
• Handled Foreign Exchange Merchant Turnover Rs.3076 crore.
• Net NPA was brought down from 2.95% to 2.17%.
• Brought all the 173 branches under FINACLE and achieved 100% networking.
• Anywhere banking facility extended to all the branches including 36 rural branches.
• Servicing about 2 million delighted customers.
• Access to over 5500+ ATMs nationwide
• 37 own ATMs in major cities
• All branches enabled to provide RTGS Facility - Any Bank / Any Branch Money Transfer.
• Introduced KIDS Recurring Deposit scheme for children and Santhosh deposit scheme for senior citizens.
• Launched "No Frills" savings bank account scheme called "TMB - Janatha" to cater to the needs of low income group people who normally do not have access to banking services.
• Became a Depository Participant through NSDL.
• Became a clearing banker for National Commodities and Derivatives Exchange Ltd., (NCDEX).
• Tie up arrangement with National Collateral Management Services Ltd to advance against warehouse receipts.
• Tie up arrangement with Prudential ICICI, UTI Asset Management Company, Reliance Capital Asset Management Company Ltd., and Franklin Templeton Asset Management Company Ltd., to offer Mutual Fund Services.

Performance Highlights as at March 31, 2005

• Operating Profit for the year 2004-2005 was Rs.174.21 crore up from Rs.169.89 crore for 2003-2004.
• Net Profit of Rs.82.35 crore was higher than that of the previous year at Rs.80.68 crore.
• Net owned funds increased to Rs.558.84 crore ( increase of 17.20% over last year).
• The Board has proposed a dividend of 250% for the shareholders subject to approval of the members at the Annual General Meeting.
• Capital Adequacy Ratio stood at 19.74%.
• Business volume was at Rs.7453 crore, up by 14.34%.
• Deposits increased to Rs.4826.88 crore and recorded a growth of 9.60%.
• Cost of Deposits was down to 6.15% a reduction of 78 basis points.
• Advances increased to Rs.2626.24 crore and recorded a growth of 24.23%.
• Yield on Advances was at 10.39% as on 31st March 2005.
• C.D Ratio of the Bank improved from 47.99% to 54.40%.
• Return on Assets at 1.47%.
• Business per employee increased to Rs.316.97 lakhs.
• Handled Foreign Exchange Business Rs.2740 crore.
• Net NPA was brought down from 5% to 2.95%.
• Brought all the 172 branches under FINACLE and achieved 100% networking.
• Anywhere Banking facility extended to 156 branches including 36 rural branches.
• Servicing about 1.8 million delighted customers.
• Access to over 4400 ATMs nationwide.
• 25 own ATMs in major cities.
• 45 branches enabled to provide RTGS Facility - Any Bank/Branch Money Transfer.
• Tie-up with AMP Sanmar to offer Insurance linked - RD Savings Plan Siranjeevee Deposit.
• Tie up with Western Union Money Transfer to facilitate money transfer from abroad.

Performance Highlights as at March 31, 2004

• Total business crossed Rs. 6500 crores.
• Interest income as % to working funds is at higher level of 10.65%.
• Operating profit of Rs. 169.89 crores.
• Net profit of Rs. 80.68 crores.
• Capital Adequacy Ratio at 21.07%.
• Net owned funds crossed Rs. 476 crores.
• FOREX business crossed Rs. 2600 crores.
• Profit per employee Rs. 3.69 lakhs.
• Business per employee Rs. 292.43 lakhs.
• 98% of the branches interconnected.
• Ratio of Net NPAs to Net Advances reduced from 8.70% to 5.00%.
• Only old Private Sector Bank in Tamilnadu which has adopted RTGS operations.