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Financial Reports.

(Rupees in lakh)


Sl. No.
Particulars
 Quarter ended
(Audited)
YEAR ENDED
(Audited)
31.03.2009
31.03.2008
31.03.2009
31.03.2008
01
Interest earned [(a)+(b)+(c)+(d)]
136422
107312
523782
388854
 (a) Interest/discount on advances/bills
99825
74225
382996
270440
 (b) Income from investments
33212
31099
131641
109483
 (c) Interest on balances with Reserve Bank of India and other inter bank funds
13
193
419
1658
 (d) Others
3372
1795
8726
7273
02
Other Income
25806
19025
69881
53203
03
 TOTAL INCOME (1+2)
162228
126337
593663
442057
04
Interest Expended
104317
87514
411302
305842
05
Operating Expenses (i) + (ii)
26563
20180
92470
70127
(i) Employee costs
16594
11680
59747
40492
(ii) Other operating expenses
9969
8500
32723
29635
06
TOTAL EXPENDITURE (4+5) (Excluding provisions and contingencies)
130880
107694
503772
375969
07
OPERATING PROFIT (3 –6)
(Profit before provisions and contingencies)
31348
18643
89891
66088
08
Provisions (other than tax) and Contingencies
16419
33982
35741
38329
09
Exceptional items
-
-
-
-
10
Profit/(Loss) from Ordinary Activities before tax (7-8-9)
14929
(15339)
54150
27759
11
Tax Expenses[(i)+(ii)+(iii)+(iv)]
4704
(17119)
27902
(8369)
(i)   Current Tax
6666
(5955)
21843
3200
(ii) Deferred Tax
(6468)
(8069)
1273
(8709)
(iii) Fringe Benefit Tax
100
105
380
340
(iv) MAT credit
4406
(3200)
4406
          (3200)
12
Net Profit/(Loss) from Ordinary Activities after tax (10-11)
10225
1780
26248
36128
13
Extraordinary Items (Net of Tax Expense)
-
-
-
-
14
Net Profit/(Loss) for the period (12-13)
10225
1780
26248
36128
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)
167289
141781
167289
141781
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
13.08
11.22
13.08
11.22
       Basel II
13.15
-
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)
2.36
1.64
6.05
8.33
      (b) Basic and Diluted EPS after Extraordinary Items for the period, for the
           year to date and for the previous year
2.36
1.64
6.05
8.33
(iv) NPA Ratios
      a) Amount of Gross Non Performing Assets
69882
51150
69882
51150
      b) Amount of Net Non Performing Assets
29230
18161
29230
18161
      c) Percentage of Gross Non Performing Assets
1.95
1.60
1.95
1.60
      d) Percentage of Net Non Performing Assets
0.82
0.57
0.82
0.57
(v) Return on Assets (Annualised) (%)
0.68
0.13
0.59
0.75
18
Public share holding
      - Number of shares
200000000
200000000
200000000
200000000
      - Percentage of share holding
46.13
46.13
46.13
46.13

(Rs. in lakh)
SEGMENT –WISE RESULTS, ASSETS AND LIABILITIES FOR THE YEAR ENDED 31.03.2009
Sl. No.
Particulars
Quarter Ended 31.03.2009 (Audited)
Year Ended 31.03.2009 (Audited)
Year Ended 31.03.2008 (Audited)
a)
Segment Revenue
i) Treasury Operations
49607
171537
141703
ii) Whole Sale Banking
50238
208541
132135
iii) Retail Banking
49587
174455
138305
iv) Other Banking Operations.
12796
39130
29914
Total
162228
593663
442057
b)
Segment Result
i) Treasury Operations
9807
27037
22172
ii) Whole Sale Banking
10538
32841
20675
iii) Retail Banking
9887
27455
21640
iv) Other Banking Operations.
2509
6256
4681
Total
32741
93589
69168
c)
Unallocated Expenses
1393
3698
3080
d)
Operating Profit
31348
89891
66088
e)
Provisions & Contingencies
16419
35741
38329
f)
Income Tax
4704
27902
(8369)
g)
Extraordinary Profit
h)
Net Profit
10225
26248
36128
i)
Other Information
j)
Segment Assets
i) Treasury Operations
2150193
2150193
1936290
ii) Whole Sale Banking
2190419
2190419
1941740
iii) Retail Banking
1747091
1747091
1586668
iv) Other Banking Operations.
39917
39917
39763
v) Unallocated Assets
110640
110640
113970
Total Assets
6238260
6238260
5618431
k)
Segment Liabilities
i) Treasury Operations
2078507
2078507
1889880
ii) Whole Sale Banking
2117392
2117392
1895199
iii) Retail Banking
1688845
1688845
1548637
iv) Other Banking Operations.
38586
38586
38810
v) Unallocated Liabilities
314930
314930
245905
Total Liabilities
6238260
6238260
5618431

# For the purpose of segment reporting in terms of AS-17 of ICAI and as prescribed in RBI guidelines, the business of the Bank has been classified into four segments i.e., a) Treasury Operations (b) Corporate/Wholesale Banking, (c) Retail Banking and (d)Other Banking Operations
# The Bank operates only in domestic segment.
# Apportionment of expenses has been made based on segment revenue.
# Assets and liabilities wherever directly related to segments have been accordingly allocated to segments and wherever not directly related have been allocated on the basis of segment revenue.
NOTES:
1)     The above results have been audited by the Statutory Central Auditors and were taken on record by the Board of Directors of the Bank at its meeting held on 28.04.2009.
2)     Working results for the year ended 31.03.2009 have been arrived at after making necessary provisions.
3)     The Board of Directors has recommended a final dividend of Re.1/- per Equity Share of the face value of Rs.10/-.
4)     The policy of accounting for commission on Non-fund based business viz., Bank Guarantee and Letter of Credit has been changed during the year effective 1st April 2008 from accrual basis to cash basis. Had the income been accounted for on accrual basis, the income for the year would have been lower by Rs.42.07 Crore
5)     Pending finalization of industry level settlement and wage revision, a sum of Rs.60 Crore has been provided on an estimated basis during the quarter towards arrears and included under Employees' cost.
6)     In terms of Agricultural Debt Waiver and Debt Relief Scheme 2008, framed by the Government of India and the guidelines, clarifications subsequently issued by RBI, the Bank has received Rs.62.72 crore during the year on account of Debt waived in respect of small and marginal farmers against the eligible claim of Rs.153.08 crore leaving a balance of Rs.90.36 crore as receivable from Government of India as on 31.03.09, and the same is included in Advances.
7)     As regards Debt Relief to "Other Farmers", a sum of Rs.60.41 crore has been identified to be eligible for Debt Relief, against which Rs.21.70 crore has been availed by the eligible borrowers upto 31.03.2009 which forms part of Advances.
8)     Interest / Charges debited in accordance with the above scheme from 1st March 2008 to 30th June 2008 amounting to Rs.5.89 crore has been written off / reversed. The amount debited to Profit & Loss account and the Claims from the Government of India under the above said scheme are subject to verification by the Statutory Central Auditors.
9)     Pending finality of the eligible claim due under the scheme, provision for interest receivable from Government of India has not been considered
10)  A sum of Rs.26.22 Crore has been provided by way of Interest on Matured Term Deposits from the date of maturity upto 31.03.2009, and Inoperative Savings Deposits, pursuant to revised guidelines issued by the Reserve Bank of India.
11)  The figures of the previous period/year have been re-grouped and re-classified wherever necessary. 
12)  The number of shareholders' complaints pending is Nil. Number of complaints received and resolved during the quarter are 426.

 
Place : Bangalore
Date   : 28th April, 2009
 
 
S.C. KALIA
Executive Director
 
ALBERT TAURO
Chairman & Managing Director