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Financial Reports
(Rupees in lakhs)

Sl.
No.
Particulars
Quarter ended
(Reviewed)
Half-year Ended
(Reviewed)
Year
ended
(Audited)
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