	Financial Reports

REVIEWED FINANCIAL RESULTS FOR THE QUARTER ENDED 31 TH MARCH, 2012 Rs. in Lakhs

Sl. No.	Particulars	Quarter ended			Year ended (Audited)
Sl. No.	Particulars	31.03.2012 (Audited)	31.12.2011 (Reviewed)	31.03.2011 (Audited)	31.03.2012	31.03.2011
01	Interest earned [(a)+(b)+(c)+(d)]	215223	205826	160878	798812	584406
	(a) Interest/discount on advances/bills	164688	156988	117693	605009	419190
	(b) Income from investments	49135	47602	42609	187204	161101
	(c) Interest on balances with Reserve Bank of India and other inter bank funds	(21)	32	61	31	126
	(d) Others	1421	1204	515	6568	3989
02	Other Income	13813	11566	14288	52790	53318
03	TOTAL INCOME (1+2)	229036	217392	175166	851602	637724
04	Interest Expended	165968	158366	113044	608459	389729
05	Operating Expenses (i) + (ii)	36720	28852	51126	120096	143328
	(i) Employee costs	23482	17045	38708	73992	101044
	(ii) Other operating expenses	13238	11807	12418	46104	42284
06	TOTAL EXPENDITURE (4+5) (Excluding provisions and contingencies)	202688	187218	164170	728555	533057
07	OPERATING PROFIT (3 –6) (Profit before provisions and contingencies)	26348	30174	10996	123047	104667
08	Provisions (other than tax) and Contingencies	8683	16724	16159	58123	43870
09	Exceptional items	-	-	-	-	-
10	Profit/(Loss) from Ordinary Activities before tax (7-8-9)	17665	13450	(5163)	64924	60797
11	Tax Expenses	(432)	1023	(10586)	6825	8415
12	Net Profit/(Loss) from Ordinary Activities after tax (10-11)	18097	12427	5423	58099	52382
13	Extraordinary Items (Net of Tax Expense)	-	-	-	-	-
14	Net Profit/(Loss) for the period (12-13)	18097	12427	5423	58099	52382
15	Paid up equity share capital (Face value of each share- ` 10/-)	49554	47267	47267	49554	47267
16	Reserves excluding Revaluation Reserves (As per Balance Sheet of previous accounting year)	327915	285050	285050	327915	285050
17	Analytical Ratios
	(i) Percentage of shares held by Government of India	55.02	57.69	57.69	55.02	57.69
	(ii) Capital Adequacy Ratio (%)
	Basel I	10.96	10.94	12.59	10.96	12.59
	Basel II	13.06	12.39	13.88	13.06	13.88
	(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)	2.98	2.63	0.65	9.49	9.89
	(b) Basic and Diluted EPS after Extraordinary Items for the period, for the year to date and for the previous year	2.98	2.63	0.65	9.49	9.89
	(iv) NPA Ratios
	a) Amount of Gross Non Performing Assets	171846	166717	125919	171846	125919
	b) Amount of Net Non Performing Assets	99801	99710	74116	99801	74116
	c) Percentage of Gross Non Performing Assets	2.93	2.98	2.56	2.93	2.56
	d) Percentage of Net Non Performing Assets	1.72	1.81	1.52	1.72	1.52
	(v) Return on Assets (Annualised) (%)	0.78	0.55	0.28	0.66	0.72
18	Public share holding
	- Number of shares	222872258	200000000	200000000	222872258	200000000
	- Percentage of share holding	44.98	42.31	42.31	44.98	42.31
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)	272.66	272.66	272.86	272.66	272.66
	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)	55.02	57.69	57.69	55.02	57.69

SEGMENT –WISE RESULTS, ASSETS AND LIABILITIES FOR THE YEAR ENDED ON 31.03.2012 SUMMARISED BALANCE SHEET

Sl. No.	Particulars	Quarter Ended 31.03.2012 (Audited)	Quarter Ended 31.12.2011 (Reviewed)	Quarter Ended 31.03.2011 (Audited)	Year Ended 31.03.2012 (Audited)	Year Ended 31.03.2011 (Audited)	CAPITAL AND LIABILITIES	As at 31.03.2012	As at 31.03.2011
a)	Segment Revenue #						Capital	169554	167267
	i) Treasury Operations	53932	51727	46859	206433	179960	Reserves and surplus	355668	314433
	ii) Whole Sale Banking	109816	107319	70685	402693	243710	Deposits	8305551	7324832
	iii) Retail Banking	54829	49866	47108	202645	175795	Borrowings	541840	202537
	iv) Other Banking Operations	10459	8480	10514	39831	38259	Other Liabilities and Provisions	203788	192268
	Total	229036	217392	175166	851602	637724	Total	9576401	8201337
b)	Segment Result						ASSETS
	i) Treasury Operations	(12423)	1354	10847	(7328)	35843	Cash and Balances with Reserve Bank of India	454254	488184
	ii) Whole Sale Banking	17885	6872	(19087)	48343	2721	Balances with Banks and Money at Call and Short Notice	186032	86449
	iii) Retail Banking	13693	15582	13936	52725	40573	Investments	2864380	2513858
	iv) Other Banking Operations	8504	7190	6653	33303	21138	Advances	5790374	4871863
	Total	27659	30998	12349	127043	100275	Fixed Assets	48695	48599
c)	Unallocated Expenses	1311	824	1353	3994	4612	Other Assets	232666	192385
d)	Operating Profit	26348	30174	10996	123047	104667	Total	9576401	8201337
e)	Provisions & Contingencies	8683	16724	16159	58123	43870
f)	Tax Expenses	(432)	1023	(10586)	6825	8415	NOTES : 1. The above financial results have been approved by the Board of Directors of the Bank at its meeting held on 30th April 2012. 2. There has been no change in the Accounting Policies and Practices in preparation of these financial statements as compared to those followed in the preceding financial year ended on 31st March 2011. 3. The Board has recommended a dividend of `. 2.5 per equity share. 4. The above financial results have been subjected to audit by the Statutory Central Auditors of the Bank in terms of RBI guidelines and SEBI Listing Agreement. 5. Working results for year ended on 31st March 2012 have been arrived at after making necessary provisions for Income Tax, provision for depreciation, provision for Employee Benefits, provisions for NPAs, Standard Assets and Depreciation on Investment on the basis of prudential norms issued by the Reserve Bank of India. 6. RBI vide circular no. DBOD.BP.BC.94/21.048/2011-12 dated 18.05.2011 has enhanced the minimum provisioning rates for non-performing advances and restructured standard advances. Provision for NPAs for the year ended on 31st March 2012 has been made in compliance with the above referred circular. Accordingly an additional provision of `. 121.73 crore has been made on NPAs for the year ended on 31st March 2012. 7. Employee cost for the year ended 31st March 2012 includes an amount of `. 119 crore (previous year – `. 119 crore) being the amortization of expenses as per the guidelines of Reserve Bank of India vide circular no. DBOD.BP.BC.80/2104.018/2010-11 dated 09th February 2011 relating to second option for pension for serving employees and enhancement in ceiling of Gratuity. 8. During the quarter ended 31st March 2012, the bank has made a preferential allotment of 2,28,72,258 equity shares of `. 10/- each at a premium of `. 54.27 per share amounting to `. 147 crore to LIC of India. 9. The figures of the previous period have been regrouped / rearranged, wherever necessary. 10. Provision Coverage Ratio (PCR) is 62.40% as on 31st March 2012. 11. The number of investor complaints pending in the beginning of the quarter is Nil. Number of complaints received and resolved during the quarter is 874.
g)	Extraordinary Profit	-	-	-	-	-
h)	Net Profit	18097	12427	5423	58099	52382
i)	Other Information
j)	Segment Assets
	i) Treasury Operations	3239941	2999787	2805238	3239941	2805238 3431345
	ii) Whole Sale Banking	4240464	4072775	3431345	4240464	2805238 3431345
	iii) Retail Banking	1920338	1891204	1813436	1920338	1813436
	iv) Other Banking Operations	23531	24361	33277	23531	33277
	v) Unallocated Assets	152127	139186	118041	152127	118041
	Total Assets	9576401	9127313	8201337	9576401	8201337
k)	Segment Liabilities
	i) Treasury Operations	3254770	2927107	2738250	3254770	2738250
	ii) Whole Sale Banking	3992749	3878656	3279015	3992749	3279015
	iii) Retail Banking	1796751	1800972	1701869	1796751	1701869
	iv) Other Banking Operations.	116	100	504	116	504
	v) Unallocated Liabilities	532015	520478	481699	532015	481699
	Total Liabilities	9576401	9127313	8201337	9576401	8201337
	# The Bank operates only in domestic segment.

Place: Bangalore

Date: 31st March, 2012

SHUBHALAKSHMI PANSE

Executive Director

H. S. UPENDRA KAMATH Chairman & Managing Director