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Financial Reports
AUDITED FINANCIAL RESULTS FOR THE YEAR ENDED 31ST MARCH, 2010
(Rupees in lakhs)
Sl.
No.
Particulars
Quarter ended
(Audited)
Year ended
(Audited)
31.03.2010
31.03.2009
31.03.2010
31.03.2009
01
Interest earned [(a)+(b)+(c)+(d)]
121786
136422
520065
523782
 
 (a) Interest/discount on advances/bills
96046
99825
383851
382996
 
 (b) Income from investments
22295
33212
128183
131641
 
 (c) Interest on balances with Reserve Bank of India and other inter bank funds
-
13
23
419
 
 (d) Others
3445
3372
8008
8726
02
Other Income
29381
25806
67945
69881
03
TOTAL INCOME (1+2)
151167
162228
588010
593663
04
Interest Expended
92886
104317
375157
411302
05
Operating Expenses (i) + (ii)
26844
26563
107157
92470
 
(i) Employee costs
16361
16594
70562
59747
 
(ii) Other operating expenses
10483
9969
36595
32723
06
TOTAL EXPENDITURE (4+5) (Excluding provisions and contingencies)
119730
130880
482314
503772
07
OPERATING PROFIT (3 –6)
(Profit before provisions and contingencies)
31437
31348
105696
89891
08
Provisions (other than tax) and Contingencies
16007
16419
35582
35741
09
Exceptional items
-
-
-
-
10
Profit/(Loss) from Ordinary Activities before tax (7-8-9)
15430
14929
70114
54150
11
Tax Expenses[(i)+(ii)+(iii)+(iv)]
2338
4704
19385
27902
 
(i) Current Tax
3853
6666
25212
21843
 
(ii) Deferred Tax
(1515)
(6468)
(5827)
1273
 
(iii) Fringe Benefit Tax
-
100
-
380
 
(iv) MAT credit
-
4406
-
4406
12
Net Profit/(Loss) from Ordinary Activities after tax (10-11)
13092
10225
50729
26248
13
Extraordinary Items (Net of Tax Expense)
-
-
-
-
14
Net Profit/(Loss) for the period (12-13)
13092
10225
50729
26248
15
Paid up equity share capital
(Face value of each share-Rs.10/-)
43352
43352
43352
43352
16
Reserves excluding Revaluation Reserves (As per Balance Sheet of previous accounting year)
188455
167289
188455
167289
17
Analytical Ratios
 
 
 
 
 
(i)   Percentage of shares held by Government of India
53.87
53.87
53.87
53.87
 
(ii) Capital Adequacy Ratio (%)
 
 
 
 
 
       Basel I
11.79
13.08
11.79
13.08
 
       Basel II
12.50
13.15
12.50
13.15
 
(iii) Earnings per share (EPS) (Not annualized)
 
 
 
 
 
      (a) Basic and Diluted EPS before Extraordinary Items (Net of Tax Expenses
           for the period, for the year to date and for the previous year)
3.01
2.36
11.70
6.05
 
      (b) Basic and Diluted EPS after Extraordinary Items for the period, for the
           year to date and for the previous year
3.01
2.36
11.70
6.05
 
(iv) NPA Ratios
 
 
 
 
 
      a) Amount of Gross Non Performing Assets
99445
69882
99445
69882
 
      b) Amount of Net Non Performing Assets
58156
29230
58156
29230
 
      c) Percentage of Gross Non Performing Assets
2.37
1.95
2.37
1.95
 
      d) Percentage of Net Non Performing Assets
1.40
0.82
1.40
0.82
 
(v) Return on Assets (Annualised) (%)
0.73
0.68
0.76
0.59
18
Public share holding
 
 
 
 
 
      - Number of shares
200000000
200000000
200000000
200000000
 
      - Percentage of share holding
46.13
46.13
46.13
46.13
19
Promoters and Promoter Group Shareholding
 
 
 
 
 
a) Pledged / Encumbered
 
 
 
 
 
    Number of Shares
Nil
Nil
Nil
Nil
 
    Percentage of shares (as a percentage of total shareholding of promoter and promoter group)
Nil
Nil
Nil
Nil
 
    Percentage of shares (as a percentage of total share capital of the company)
Nil
Nil
Nil
Nil
 
b) Non-encumbered
 
 
 
 
 
    Number of Shares (in million)
233.52
233.52
233.52
233.52
 
    Percentage of shares (as a percentage of total shareholding of promoter and promoter group)
100.00
100.00
100.00
100.00
 
    Percentage of shares (as a percentage of total share capital of the company)
53.87
53.87
53.87
53.87

(Rs. in Crore)
 
(Rs. in Crore)
SEGMENT –WISE RESULTS, ASSETS AND LIABILITIES FOR THE YEAR ENDED 31.03.2010
SUMMARISED BALANCE SHEET
Sl. No.
Particulars
Quarter Ended 31.03.2010 (Audited)
Quarter Ended 31.03.2009 (Audited)
Year Ended 31.03.2010 (Audited)
Year Ended 31.03.2009 (Audited)
CAPITAL AND LIABILITIES
As at 31.03.2010
As at 31.03.2009
a)
Segment Revenue #
 
Capital
933.52
933.52
i) Treasury Operations
406.68
496.07
1641.69
1715.37
 
Reserves and surplus
2541.63
2215.78
ii) Whole Sale Banking
549.04
502.38
2168.39
2085.41
 
Deposits
61931.75
54535.42
iii) Retail Banking
411.42
495.87
1670.12
1744.55
 
Borrowings
1938.56
2269.24
iv) Other Banking Operations
144.53
127.96
399.90
391.30
 
Other Liabilities and Provisions
2876.62
2428.20
Total
1511.67
1622.28
5880.10
5936.63
Total
70222.08
62382.16
b)
Segment Result
ASSETS
i) Treasury Operations
88.55
98.07
308.76
270.37
 
Cash and Balances with Reserve Bank of India
4099.58
5730.41
ii) Whole Sale Banking
119.06
105.38
407.81
328.41
 
Balances with Banks and Money at Call and Short Notice
1449.68
1941.78
iii) Retail Banking
89.68
98.87
314.12
274.55
 
Investments
21107.44
17387.70
iv) Other Banking Operations.
29.69
25.09
75.20
62.56
 
Advances
41521.72
35467.67
Total
326.98
327.41
1105.89
935.89
 
Fixed Assets
493.16
493.24
c)
Unallocated Expenses
12.61
13.93
48.93
36.98
 
Other Assets
1550.50
1361.36
d)
Operating Profit
314.37
313.48
1056.96
898.91
Total
70222.08
62382.16
e)
Provisions & Contingencies
160.07
164.19
355.82
357.41
f)
Income Tax
23.38
47.04
193.85
279.02
             NOTES :
 
1. The above audited results have been taken on record by theBoard of Directors of the Bank at its meeting held on 30.04.2010.
2. Working results for the year ended 31.03.2010 have been arrived at after making necessary provisions.
3. Pending finalization at Industry level settlement and wage revision, a sum at Rs.4 Crore has been provided for on an estimated basis during the quarter towards arrears and included under Employees cost. The total provision on this account is Rs.114 crore during the year.
4. As per the Agricultural Debt Waiver and Debt Relief Scheme, 2008 guidelines, RBI has reimbursed Rs.99.05 crore towards the final claim amount of Rs.147.12 crore under ADWDRS-Debt waiver scheme for small and marginal farmers. Amount received during the year 2009-10 is Rs.36.33 crore. The amount yet to be received is Rs.48.07 crore.
5. As per notification dated 27.11.2009 issued by Government of India, the authorized capital of the bank has been increased from Rs.1500 crore to Rs.3000 crore.
6. The bank has recommended a dividend of 25%, in Rs.2.50 per equity share of the face value of Rs.10/- each.
7. The figures of the previous period have been regrouped / rearranged, wherever necessary.
8. The number of shareholders' complaints pending is Nil.  Number of complaints received and resolved during the quarter are 496.
g)
Extraordinary Profit
-
-
-
-
h)
Net Profit
130.92
102.25
507.29
262.48
i)
Other Information
-
-
-
-
j)
Segment Assets
i) Treasury Operations
24462.48
21501.93
24462.48
21501.93
ii) Whole Sale Banking
26651.28
21903.75
26651.28
21903.75
iii) Retail Banking
17782.41
17470.91
17782.41
17470.91
iv) Other Banking Operations
373.27
399.17
373.27
399.17
v) Unallocated Assets
952.64
1106.40
952.64
1106.40
Total Assets
70222.08
62382.16
70222.08
62382.16
k)
Segment Liabilities
i) Treasury Operations
23514.29
20785.07
23514.29
20785.07
ii) Whole Sale Banking
25618.24
21173.48
25618.24
21173.48
iii) Retail Banking
17093.14
16888.45
17093.14
16888.45
iv) Other Banking Operations.
358.80
385.86
358.80
385.86
v) Unallocated Liabilities
3637.61
3149.30
3637.61
3149.30
Total Liabilities
70222.08
62382.16
70222.08
62382.16
# The Bank operates only in domestic segment.

 
Place    : Bangalore
Date    : 30th April, 2010
 
 
SHUBHALAKSHMI PANSE
Executive Director
 
ALBERT TAURO
Chairman & Managing Director