Citibank India on Tuesday reported a 35 per cent increase in its net profit for the financial year 2011-12 at Rs 1,922 crore (Rs 1,424 crore).
Pre-tax profit for the period grew 37 per cent to Rs 3,297 crore (Rs 2,402 crore), Citibank India said in a statement here.
It also said that Citibank India’s total assets grew 15 per cent to Rs 1.28-lakh crore at end-March 2012 from Rs 1.12-lakh crore at the end of previous financial year.
In 2011-12, Citibank India’s deposits grew 14 per cent to Rs 64,698 crore and the current account/savings account (CASA) ratio stood at 55 per cent.
At end-March this year, Citibank India’s net non-performing loans were lower at 0.9 per cent from 1.2 per cent in the previous year.
Overall, Citi India’s total assets, including credit extended to Indian institutional and non-resident Indian clients from offshore branches, stood at Rs 1.82-lakh crore as at March 31, 2012. This represented an 18 per cent increase over the previous year.
Meanwhile, Citi announced that it had in 2011-12 helped Indian clients raise close to $16 billion from equity and debt capital market transactions. It had advised on merger and acquisition transactions worth $12 billion of announced deal value.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.