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Financial Reports

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

Sl.
No.
Particulars
Quarter ended
Year ended
(Audited)
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
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