Money & Banking

Citibank India’s net up 35% in FY12

Our Bureau New Delhi | Updated on March 12, 2018




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.

>krsrivats@thehindu.co.in

Published on July 03, 2012

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