Page 27 - BANKING FINANCE FEBRUARY 2016 ONLINE

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Nalco inks R & D Agreement with Chalieco of China

An agreement has been signed between Nalco, a Govt of India enterprise and Chaleico of China, for R& D cooperation
in the fields of mutual interest. Projects to be taken up by these two
companies include : Separation of iron concentrate from Red Mud and
Extraction of Gallium from Bayer Liquor.

"Extraction of marketable iron concentrate from Red Mud will be our
first R&D project with Chaleico. This will be a major step in extracting
value out of Red Mud, which is otherwise treated as an industrial
waste," said Mr Tapan Kumar Chand, CMD, Nalco. "On successful
completion of the project, the efforts will be commercialized through
a demonstration plant," Mr Chand added.

The agreement was signed at Bhubaneswar by Dr. B.K. Satpathy,
Executive Director (Business Development), Nalco and Mr Guo Pu, General Manager, Chaleico, in presence of Mr Chand.

State Bank of India Q1 FY 2016

Highlights in Q1FY15 to Rs.39,643 crores in Q1FY16 (8.65%YOY
growth).
Net Profit increased by 10.25% from Rs.3,349 crores
in Q1FY15 to Rs.3,692 crores in Q1FY16. Interest Income on Resource operations increased from
Rs.8,266 crores in Q1FY15 to Rs.10,254 crores in
Operating Profit increased by 4.72% from Rs.8,788 Q1FY16 due to growth in portfolio and increase in yield
crores in Q1FY15 to Rs. 9,202 crores in Q1FY16. from 7.88% to 7.94%.

Fee income increased by 12.86% from Rs.2,837 crores Total Interest Expenses increased from Rs.23,235
in Q1FY15 to Rs. 3,202 crores in Q1FY16. crores in Q1FY15 to Rs. 25,911 crores in Q1FY16 (11.52
%YOY growth).
Non Interest Income increased by 19.66% from Rs.
4,252 crores in Q1FY15 to Rs. 5,088 crores in Q1FY16. Deposits

Gross NPA Ratio is down by 61 bps from 4.90% in Savings Bank Deposits increased from Rs.4,89,422
Q1FY15 to 4.29% in Q1FY16. crores in Jun 14 to Rs. 5,39,050 crores in Jun 15
(10.14% YOY growth).
Net NPA Ratio is down by 42 bps from 2.66% in Q1FY15
to 2.24% in Q1FY16. Current Account Deposits increased from Rs.89,710
crores in Jun 14 to Rs.96,845 crores in Jun 15 (7.95%
Domestic NIM of the Bank has declined from 3.54% in YOY growth).
Q1FY15 to 3.29% in Q1FY16 due to reduction in base
rate by 30 bps and also because of subdued growth of Advances
5.38% in advances.
Gross Advances increased from Rs. 12,32,288 crores in
Profitability Jun 14 to Rs.13,13,735 crores in Jun 15 (6.61% YOY
growth).
Q1FY16 over Q1FY15
Large Corporate Advances increased from Rs.2,26,261
Net profit increased from Rs.3,349 crores in Q1FY15 crores in Jun 14 to Rs.2,55,964 crores in Jun 15 (13.13%
to Rs.3,692 crores in Q1FY16 (10.25% YOY growth). YOY growth).

Operating profit increased from Rs.8,788 crores in Retail Advances increased from Rs.2,42,480 crores in
Q1FY15 to Rs.9,202 crores in Q1FY16 (4.72% YOY Jun 14 to Rs.2,80,114 crores in Jun 15 (15.52% YOY
growth) as the operating income growth of 7.52% is growth). Home loans increased from Rs.1,44,210
lower than 10.34% growth in operating expenses.

Total Interest Income increased from Rs. 36,487 crores

BANKING FINANCE | FEBRUARY | 2016 | 27

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