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REVIEWED FINANCIAL RESULTS FOR THE QUARTER / HALF - YEAR ENDED 30 TH SEPTEMBER, 2011       Rs. in Lakhs

Sl.
No.
Particulars
Quarter ended
(Reviewed)
Half Year ended
(Reviewed)
Year
Ended
(Audited)
30.09.2011
30.09.2010
30.09.2011
30.09.2010
31.03.2011
01
Interest earned [(a)+(b)+(c)+(d)]
199266
140324
377762
275277
584406
 
 (a) Interest/discount on advances/bills
150255
99645
283333
197810
419190
 
 (b) Income from investments
45833
40002
90466
75661
161101
 
 (c) Interest on balances with Reserve Bank of India and other inter bank funds
2
10
20
11
126
 
 (d) Others
3176
667
3943
1795
3989
02
Other Income
10567
11768
27411
28841
53318
03
TOTAL INCOME (1+2)
209833
152092
405173
304118
637724
04
Interest Expended
147931
91602
284125
182065
389729
05
Operating Expenses (i) + (ii)
27928
30905
54523
61042
143328
 
(i) Employee costs
16517
20908
33465
41516
101044
 
(ii) Other operating expenses
11411
9997
21058
19526
42284
06
TOTAL EXPENDITURE (4+5) (Excluding provisions and contingencies)
175859
122507
338648
243107
533057
07
OPERATING PROFIT (3 –6)
(Profit before provisions and contingencies)
33974
29585
66525
61011
104667
08
Provisions (other than tax) and Contingencies
9587
10154
32716
16232
43870
09
Exceptional items
-
-
-
-
-
10
Profit/(Loss) from Ordinary Activities before tax (7-8-9)
24387
19431
33809
44779
60797
11
Tax Expenses[(i)+(ii)+(iii)]
4034
5000
6234
13000
8415
 
(i) Current Tax
(2000)
5150
200
5347
7505
 
(ii) Deferred Tax
13534
(150)
13534
7653
8495
 
(iii) Earlier Year Tax
(7500)
-
(7500)
-
(7585)
12
Net Profit/(Loss) from Ordinary Activities after tax (10-11)
20353
14431
27575
31779
52382
13
Extraordinary Items (Net of Tax Expense)
                    -
-
-
-
-
14
Net Profit/(Loss) for the period (12-13)
20353
14431
27575
31779
52382
15
Paid up equity share capital
(Face value of each share-` 10/-)
47267
43352
47267
43352
47267
16
Reserves excluding Revaluation Reserves (As per Balance Sheet of previous accounting year)
285050
222995
285050
222995
285050
17
Analytical Ratios
 
 
 
 
 
 
(i)   Percentage of shares held by Government of India
57.69
53.87
57.69
53.87
57.69
 
(ii) Capital Adequacy Ratio (%)
 
 
 
 
 
 
       Basel I
11.27
14.27
11.27
14.27
12.59
 
       Basel II
12.63
14.25
12.63
14.25
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)
4.31
3.33
5.83
7.33
9.89
 
      (b) Basic and Diluted EPS after Extraordinary Items for the period, for the
           year to date and for the previous year
4.31
3.33
5.83
7.33
9.89
 
(iv) NPA Ratios
 
 
 
 
 
 
      a) Amount of Gross Non Performing Assets
138118
97028
138118
97028
125919
 
      b) Amount of Net Non Performing Assets
76115
52055
76115
52055
74116
 
      c) Percentage of Gross Non Performing Assets
2.54
2.44
2.54
2.44
2.56
 
      d) Percentage of Net Non Performing Assets
1.42
1.32
1.42
1.32
1.52
 
(v) Return on Assets (Annualised) (%)
0.95
0.81
0.65
0.89
0.72
18
Public share holding
 
 
 
 
 
 
      - Number of shares
200000000
200000000
200000000
200000000
200000000
 
      - Percentage of share holding
42.31
46.13
42.31
46.13
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
233.52
272.66
233.52
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)
57.69
53.87
57.69
53.87
57.69

( Rs. in lakhs)
SEGMENT–WISE RESULTS, ASSETS AND LIABILITIES FOR THE HALF YEAR ENDED 30.09.2011
Sl. No.
Particulars
Quarter Ended 30.09.2011 (Reviewed)
Quarter Ended 30.09.2010 (Reviewed)
Half Year Ended 30.09.2011 (Reviewed)
Half Year Ended 30.09.2010 (Reviewed)
Year Ended 31.03.2011 (Audited)
a)
Segment Revenue #
 
i) Treasury Operations
48692
43849
100774
86996
179960
ii) Whole Sale Banking
99079
53888
185439
110271
243502
iii) Retail Banking
51176
45757
97894
87539
175687
iv) Other Banking Operations
10886
8598
21066
19312
38575
Total
209833
152092
405173
304118
637724
b)
Segment Result
i) Treasury Operations
8069
8849
17009
18014
30839
ii) Whole Sale Banking
16475
10857
31299
22834
41728
iii) Retail Banking
8505
9251
16523
18127
30106
iv) Other Banking Operations
1810
1724
3557
3999
6610
Total
34859
30681
68388
62974
109283
c)
Unallocated Expenses
885
1096
1862
1963
4616
d)
Operating Profit
33974
29585
66525
61011
104667
e)
Provisions & Contingencies
9587
10154
32716
16232
43870
f)
Tax Expenses (including earlier years)
4034
5000
6234
13000
8415
g)
Extraordinary Profit
-
-
-
-
-
h)
Net Profit
20353
14431
27575
31779
52382
i)
Other Information
-
j)
Segment Assets
i) Treasury Operations
2875782
2635408
2875782
2635408
2773703
ii) Whole Sale Banking
3867561
2564901
3867561
2564901
3408843
iii) Retail Banking
1918159
1737847
1918159
1737847
1815122
iv) Other Banking Operations
36056
30289
36056
30289
52984
v) Unallocated Assets
130746
96378
130746
96378
118040
Total Assets
8828304
7064823
8828304
7064823
8168692
k)
Segment Liabilities
i) Treasury Operations
2750894
2502340
2750894
2502340
2648410
ii) Whole Sale Banking
3699603
2435393
3699603
2435393
3254860
iii) Retail Banking
1834858
1650099
1834858
1650099
1733130
iv) Other Banking Operations
34490
28760
34490
28760
50591
v) Unallocated Liabilities
508459
448231
508459
448231
481701
Total Liabilities
8828304
7064823
8828304
7064823
8168692
# The Bank operates only in domestic segment
 
         

 
( Rs. in lakhs)
          SUMMARISED BALANCE SHEET
CAPITAL AND LIABILITIES
As at 30.09.2011
As at 30.09.2010
Capital
167266
163352
Reserves and surplus
341193
284877
Deposits
7780213
6266815
Borrowings
318940
171997
Other Liabilities and Provisions
220692
177782
Total
8828304
7064823
ASSETS
Cash and Balances with Reserve Bank of India
561283
513122
Balances with Banks and Money at Call and Short Notice
43723
104306
Investments
2589601
2324562
Advances
5367858
3934314
Fixed Assets
47112
47902
Other Assets
218727
140617
Total
8828304
7064823
NOTES:
1. The above financial results have been approved by the Board of Directors of the Bank at its meeting held on 31st October, 2011.
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 31st March 2011.
3. The above financial results have been subjected to 'Limited Review' by the Statutory Central Auditors of the Bank in terms of RBI guidelines and SEBI Listing Agreement.
4. Working results for half year ended on 30.09.2011 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.
5. 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. Accordingly an additional provision of `. 109.22 crore has been made on NPA advances for the half year ended 30.09.11.    
6. In accordance with RBI circular DBOD.BP.BC.80/21.04.018/2010-11 dated February 9, 2011, the Bank has to amortize an amount of `. 119 crore towards reopening of the pension scheme and enhancement of the gratuity limit, during the year ending on 31.03.2012. Accordingly the Bank has charged a sum of `. 59.53 crore to the Profit & Loss account for the half year ended 30.09.11.  
7. The figures of the previous period have been regrouped / rearranged, wherever necessary.
8. Provision Coverage Ratio (PCR) is 66.06 % as on 30th September, 2011.
9. The number of investors complaints pending in the beginning of the quarter is Nil. Number of complaints received and resolved during the quarter is 513.

 
Place: Bangalore
Date:  31st October, 2011
SHUBHALAKSHMI PANSE
Executive Director
H. S. UPENDRA KAMATH Chairman & Managing Director