Financial Highlights

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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.