Its current account saving account (CASA) ratio improved to 45% at the end of March 2011, from 41.7% a year ago, with a 26 per cent rise in savings deposits to Rs 66,869 crore. Capital adequacy ratio improved to 19.54 per cent. The board has recommended a dividend of Rs 14 per equity share for 2010-11. The bank's share of retail loans was 40% out of its total loan portfolio of Rs 2,16,366 crore.
The bank"s asset quality improved drastically and the non performing assets (NPA) ratio declined to 0.94 per cent from 1.87 per cent a year ago. Commenting on the asset quality, Chanda Kochar said, "The credit card and personal loan businesses are now down to a minimal level. With new businesses coming in, the bank's asset quality improved significantly."
Commenting on the expected financial performance in 2011-12 on the Chanda Kochar said, "It is expected to be in line with industry growth... a little upward of 20 per cent in 2011-12. The thrust this year will be on project financing, working capital, housing and car loan segments." And added that, "Now, we are in a strong position to grow." The board has recommended a dividend of Rs 14 per equity share for 2010-11.