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VIJAYA BANK  :   FINANCIAL RESULTS FOR THE NINE MONTHS ENDED ON 31.12.2009             (Rupees in lakh)

Sl.
No.
Particulars
Quarter ended
(Reviewed)
Nine Months Ended
(Reviewed)
Year
ended
(Audited)
31.12.2009
31.12.2008
31.12.2009
31.12.2008
31.03.2009
01
Interest earned [(a)+(b)+(c)+(d)]
134431
137673
398279
387360
523782
 
 (a) Interest/discount on advances/bills
96673
103051
287805
283171
382996
 
 (b) Income from investments
36382
32003
105888
98429
131641
 
 (c) Interest on balances with Reserve Bank of India and other inter bank funds
-
19
23
406
419
 
 (d) Others
1376
2600
4563
5354
8726
02
Other Income
10310
25825
38564
44075
69881
03
 TOTAL INCOME (1+2)
144741
163498
436843
431435
593663
04
Interest Expended
88973
106369
282271
306985
411302
05
Operating Expenses (i) + (ii)
25880
29120
80313
65907
92470
 
(i) Employee costs
17392
21507
54201
43153
59747
 
(ii) Other operating expenses
8488
7613
26112
22754
32723
06
TOTAL EXPENDITURE (4+5) (Excluding provisions and contingencies)
114853
135489
362584
372892
503772
07
OPERATING PROFIT (3 –6)
(Profit before provisions and contingencies)
29888
28009
74259
58543
89891
08
Provisions (other than tax) and Contingencies
13131
(6190)
19575
19322
35741
09
Exceptional items
-
-
-
-
-
10
Profit/(Loss) from Ordinary Activities before tax (7-8-9)
16757
34199
54684
39221
54150
11
Tax Expenses[(i)+(ii)+(iii)+(iv)]
4300
18500
17047
23198
27902
 
(i) Current Tax
5521
14677
21359
15177
21843
 
(ii) Deferred Tax
(1221)
3248
(4312)
7741
1273
 
(iii) Fringe Benefit Tax
-
75
-
280
380
 
(iv) MAT credit
-
500
-
    -
4406
12
Net Profit/(Loss) from Ordinary Activities after tax (10-11)
12457
15699
37637
16023
26248
13
Extraordinary Items (Net of Tax Expense)
-
-
-
-
-
14
Net Profit/(Loss) for the period (12-13)
12457
15699
37637
16023
26248
15
Paid up equity share capital
(Face value of each share-Rs.10/-)
43352
43352
43352
43352
43352
16
Reserves excluding Revaluation Reserves (As per Balance Sheet of previous accounting year)
188455
167289 
188455
167289
188455
17
Analytical Ratios
 
 
 
 
 
 
(i)   Percentage of shares held by Government of India
53.87
53.87
53.87
53.87
53.87
 
(ii) Capital Adequacy Ratio (%)
 
 
 
 
 
 
       Basel I
12.01
11.40
12.01
11.40
13.08
 
       Basel II
13.34
-
13.34
-
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)
2.87
3.62
8.68
3.70
6.05
 
      (b) Basic and Diluted EPS after Extraordinary Items for the period, for the
           year to date and for the previous year
2.87
3.62
8.68
3.70
6.05
 
(iv) NPA Ratios
 
 
 
 
 
 
      a) Amount of Gross Non Performing Assets
99532
64754
99532
64754
69882
 
      b) Amount of Net Non Performing Assets
51228
 26325
51228
 26325
29230
 
      c) Percentage of Gross Non Performing Assets
2.53
1.77
2.53
1.77
1.95
 
      d) Percentage of Net Non Performing Assets
1.30
 0.73
1.30
 0.73
0.82
 
(v) Return on Assets (Annualised) (%)
0.77
1.05
0.77
0.36
0.59
18
Public share holding
 
 
 
 
 
 
      - Number of shares
200000000
200000000
200000000
200000000
200000000
 
      - Percentage of share holding
46.13
46.13
46.13
46.13
46.13
19
Promoters and Promoter Group Shareholding
 
 
 
 
 
 
a) Pledged / Encumbered
 
 
 
 
 
 
    Number of Shares
Nil
Nil
Nil
Nil
Nil
 
    Percentage of shares (as a percentage of total shareholding of promoter and promoter group)
Nil
Nil
Nil
Nil
Nil
 
    Percentage of shares (as a percentage of total share capital of the company)
Nil
Nil
Nil
Nil
Nil
 
b) Non-encumbered
 
 
 
 
 
 
    Number of Shares (in million)
233.52
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
100.00
 
    Percentage of shares (as a percentage of total share capital of the company)
53.87
53.87
53.87
53.87
53.87

(Rupeess in lakhs)
SEGMENT-WISE RESULTS, ASSETS AND LIABILITIES FOR THE NINE MONTHS ENDED 31.12.2009
Sl. No.
Particulars
Quarter Ended 31.12.2009
(Reviewed)
Nine Months Ended 31.12.2009
(Reviewed)
Year Ended 31.03.2009 (Audited)
31.12.2009
31.12.2008
31.12.2009
31.12.2008
Business Segment #
a)
Segment Revenue
i) Treasury Operations
39885
49308
123501
121930
171537
ii) Wholesale Banking
56060
58780
161937
158303
208541
iii) Retail Banking
40614
44271
125869
124868
174455
iv) Other Banking Operations
8182
11139
25536
26334
39130
Total
144741
163498
436843
431435
593663
b)
Segment Result
i) Treasury Operations
8582
8508
22021
17230
27037
ii) Wholesale Banking
11858
10380
28875
22303
32841
iii) Retail Banking
 8741
7971
22444
17568
27455
iv) Other Banking Operations
1762
1954
4551
3747
6256
Total
30943
28813
77891
60848
93589
c)
Unallocated Expenses
1055
804
3632
2305
3698
d)
Operating Profit
29888
28009
74259
58543
89891
e)
Provisions & Contingencies
13131
(6190)
19575
19322
35741
f)
Income Tax
4300
18500
17047
23198
27902
g)
Extraordinary Profit
-
-
-
-
-
h)
Net Profit
12457
15699
37637
16023
26248
i)
Other Information
-
j)
Segment Assets
i) Treasury Operations
2408682
1989702
2408682
1989702
2150193
ii) Wholesale Banking
2447842
2234338
2447842
2234338
2190419
iii) Retail Banking
1684619
1590269
1684619
1590269
1747091
iv) Other Banking Operations
26622
19782
26622
19782
39917
v) Unallocated Assets
85614
111664
85614
111664
110640
Total Assets
6653379
5945755
6653379
5945755
6238260
k)
Segment Liabilities
i) Treasury Operations
2311317
1939003
2311317
1939003
2078507
ii) Wholesale Banking
2348893
2177405
2348893
2177405
2117392
iii) Retail Banking
1616522
1549747
1616522
1549747
1688845
iv) Other Banking Operations
25546
19278
25546
19278
38586
v) Unallocated Liabilities
351101
260322
351101
260322
314930
Total Liabilities
6653379
5945755
6653379
5945755
6238260

# The Bank operates only in domestic segment.
NOTES:
  1. The Bank has followed the same Accounting Policies in preparation of these financial statements as were followed in the Annual financial statements for the year ended 31 st March, 2009
  2. The above results have been subjected to limited review by the Statutory Central Auditors and were taken on record by the Board of Directors of the bank at its meeting held on 23.01.2010.
    • Working results for the nine months ended on 31.12.2009 have been arrived at after making necessary provisions.
    • In one account, which was declared as non-performing asset, the provision has been made to the extent of Rs.130.42 crore as on 30th September 2009, and the balance has to be provided for in ensuing two quarters, as permitted by RBI. However, the bank has made full provision of Rs.113.17 crore during the quarter.
  3. Pending finalization at Industry level settlement and wage revision, a sum at Rs.25 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.110 crore during the nine months. Provision for staff retirement benefits are provided for the nine months ended on 31st December, 2009, on an estimated basis.
    • In terms of ‘Agricultural Debt Waiver and Debt Relief Scheme, 2008’ framed by the Government of India, the Bank has made provision for inadmissible interest, expenses and differential amount of eligible claim based on the Certification by Statutory Central Auditors. The Final claim of Rs.147.12 Crore is submitted to Reserve Bank of India being the amount waived after due verification by the Statutory Central Auditors of the Bank and a difference of Rs.5.95 crore has been written off during the nine months ended on 31st December, 2009, out of which the Bank has received Rs.99.05 crore during the period.
    • Provision of Rs.5.98 crore towards loss in present value in case of other farmers has been made as per Management calculation, in line with RBI guidelines.
  4. The audit qualification as at March 31, 2009 with regard to provision towards diminution in the fair value of restructured advances has been complied with by making adequate provision during the period.
  5. The figures of the previous period have been regrouped / rearranged, wherever necessary
  6. The number of shareholders' complaints pending is Nil. Number of complaints received and resolved during the quarter are 1580.

 
Place    : Bangalore
Date    : 23rd January, 2010
 
 
SHUBHALAKSHMI PANSE
Executive Director
 
ALBERT TAURO
Chairman & Managing Director