	Financial Reports

(Rupees in lakhs)

Sl. No.	Particulars	Quarter ended (Reviewed)		Half-year Ended (Reviewed)		Year ended (Audited)
Sl. No.	Particulars	30.09.2009	30.09.2008	30.09.2009	30.09.2008	31.03.2009
01	Interest earned [(a)+(b)+(c)+(d)]	133747	133384	263848	249687	523782
	(a) Interest/discount on advances/bills	97104	98103	191132	180120	382996
	(b) Income from investments	35543	34178	69506	66426	131641
	(c) Interest on balances with Reserve Bank of India and other inter bank funds	4	93	23	387	419
	(d) Others	1096	1010	3187	2754	8726
02	Other Income	12013	7545	28254	18250	69881
03	TOTAL INCOME (1+2)	145760	140929	292102	267937	593663
04	Interest Expended	97334	106517	193298	200616	411302
05	Operating Expenses (i) + (ii)	25032	19362	54433	36787	92470
	(i) Employee costs	16075	11514	36809	21646	59747
	(ii) Other operating expenses	8957	7848	17624	15141	32723
06	TOTAL EXPENDITURE (4+5) (Excluding provisions and contingencies)	122366	125879	247731	237403	503772
07	OPERATING PROFIT (3 –6) (Profit before provisions and contingencies)	23394	15050	44371	30534	89891
08	Provisions (other than tax) and Contingencies	10080	2980	6444	25512	35741
09	Exceptional items	-	-		-	-
10	Profit/(Loss) from Ordinary Activities before tax (7-8-9)	13314	12070	37927	5022	54150
11	Tax Expenses[(i)+(ii)+(iii)+(iv)]	2472	4082	12747	4698	27902
	(i) Current Tax	2982	500	15838	500	21843
	(ii) Deferred Tax	(510)	3997	(3091)	4493	1273
	(iii) Fringe Benefit Tax	-	85	-	205	380
	(iv) MAT credit	-	(500)	-	(500)	4406
12	Net Profit/(Loss) from Ordinary Activities after tax (10-11)	10842	7988	25180	324	26248
13	Extraordinary Items (Net of Tax Expense)	-	-	-	-	-
14	Net Profit/(Loss) for the period (12-13)	10842	7988	25180	324	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	12.04	10.41	12.04	10.41	13.08
	Basel II	13.44	-	13.44	-	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)	2.50	1.84	5.81	0.07	6.05
	(b) Basic and Diluted EPS after Extraordinary Items for the period, for the year to date and for the previous year	2.50	1.84	5.81	0.07	6.05
	(iv) NPA Ratios
	a) Amount of Gross Non Performing Assets	109850	64098	109850	64098	69882
	b) Amount of Net Non Performing Assets	54181	26842	54181	26842	29230
	c) Percentage of Gross Non Performing Assets	2.91	1.75	2.91	1.75	1.95
	d) Percentage of Net Non Performing Assets	1.46	0.74	1.46	0.74	0.82
	(v) Return on Assets (Annualised) (%)	0.68	0.53	0.77	0.01	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 QUARTER / HALF-YEAR ENDED 30.09.2009
Sl. No.		Particulars	Quarter Ended 30.09.2009 (Reviewed)		Half-year Ended 30.09.2008 (Reviewed)		Year Ended 31.03.2009 (Audited)
			30.09.2009	30.09.2008	30.09.2009	30.09.2008
	Business Segment #
a)	Segment Revenue
	i) Treasury Operations		40673	35550	83616	72622	171537
	ii) Whole Sale Banking		53128	59450	105877	99523	208541
	iii) Retail Banking		43976	38653	85255	80597	174455
	iv) Other Banking Operations.		7983	7276	17354	15195	39130
	Total		145760	140929	292102	267937	593663
b)	Segment Result
	i) Treasury Operations		6898	4005	13439	8722	27037
	ii) Whole Sale Banking		8983	6825	17017	11923	32841
	iii) Retail Banking		7416	4261	13703	9597	27455
	iv) Other Banking Operations.		1362	785	2789	1793	6256
	Total		24659	15876	46948	32035	93589
c)	Unallocated Expenses		1265	826	2577	1501	3698
d)	Operating Profit		23394	15050	44371	30534	89891
e)	Provisions & Contingencies		10080	2980	6444	25512	35741
f)	Income Tax		2472	4082	12747	4698	27902
g)	Extraordinary Profit		-	-	-	-	-
h)	Net Profit		10842	7988	25180	324	26248
i)	Other Information		-	-	-		-
j)	Segment Assets
	i) Treasury Operations		2485552	1905635	2485552	1905635	2150193
	ii) Whole Sale Banking		2351800	2393425	2351800	2393425	2190419
	iii) Retail Banking		1668223	1656746	1668223	1656746	1747091
	iv) Other Banking Operations.		22207	35112	22207	35112	39917
	v) Unallocated Assets		92585	117444	92585	117444	110640
	Total Assets		6620367	6108362	6620367	6108362	6238260
k)	Segment Liabilities
	i) Treasury Operations		2391696	1865011	2391696	1865011	2078507
	ii) Whole Sale Banking		2262995	2342403	2262995	2342403	2117392
	iii) Retail Banking		1605229	1621428	1605229	1621428	1688845
	iv) Other Banking Operations.		21368	34362	21368	34362	38586
	v) Unallocated Liabilities		339079	245158	339079	245158	314930
	Total Liabilities		6620367	6108362	6620367	6108362	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 29.10.2009.

3. Working results for the quarter / half-year ended 30.09.2009 have been arrived at after making necessary provisions.

4. Pending finalization at Industry level settlement and wage revision, a sum at Rs.20 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.85 crore during the half-year. Provision for staff retirement benefits are provided for the half-year ended 30th September 2009 on an estimated basis.

5. 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 half-year, out of which the Bank has received Rs.36.33 crore during the half-year ended 30th September 2009.

6. In one account, which has been declared as sub-standard asset, the provision has been made to the extent of Rs.130.42 crore, and the balance of Rs.130.42 crore to be provided by the year-end, as permitted by RBI.

7. 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.

8. The figures of the previous period have been regrouped / rearranged, wherever necessary

9. The number of shareholders' complaints pending is Nil. Number of complaints received and resolved during the quarter are 291.

Place : Bangalore

Date : 29th October, 2009

S.C. KALIA

Executive Director

ALBERT TAURO

Chairman & Managing Director