logo
Financial Reports
REVIEWED FINANCIAL RESULTS FOR THE QUARTER ENDED 30TH  JUNE, 2011

Sl. No.
Particulars
 
Quarter ended
 (Reviewed)
Year ended
(Audited)
30.06.2011
30.06.2010
31.03.2011
01
Interest earned [(a)+(b)+(c)+(d)]
178496
134953
584406
 
 (a) Interest/discount on advances/bills
133078
98165
419190
 
 (b) Income from investments
44633
35659
161101
 
 (c) Interest on balances with Reserve Bank of India and other inter bank funds
18
1
126
 
 (d) Others
767
1128
3989
02
Other Income
16844
17073
53318
03
 TOTAL INCOME (1+2)
195340
152026
637724
04
Interest Expended
136194
90463
389729
05
Operating Expenses (i) + (ii)
26595
30137
143328
 
(i) Employee costs
16948
20608
101044
 
(ii) Other operating expenses
9647
9529
42284
06
TOTAL EXPENDITURE (4+5) (Excluding provisions and contingencies)
162789
120600
533057
07
OPERATING PROFIT (3 –6)
(Profit before provisions and contingencies)
32551
31426
104667
08
Provisions (other than tax) and Contingencies
23129
6078
36285
09
Exceptional items
-
-
-
10
Profit/(Loss) from Ordinary Activities before tax (7-8-9)
9422
25348
68382
11
Tax Expenses[(i)+(ii)]
2200
8000
16000
 
(i) Current Tax
2200
197
7505
 
(ii) Deferred Tax                     
0
7803
8495
12
Net Profit/(Loss) from Ordinary Activities after tax (10-11)
7222
17348
52382
13
Extraordinary Items (Net of Tax Expense)
-
-
-
14
Net Profit/(Loss) for the period (12-13)
7222
17348
52382
15
Paid up equity share capital
(Face value of each share-` 10/-)
47267
43352
47267
16
Reserves excluding Revaluation Reserves (As per Balance Sheet of previous accounting year)
285050
222995
285050
17
Analytical Ratios
 
 
 
 
(i)   Percentage of shares held by Government of India
57.69
53.87
57.69
 
(ii) Capital Adequacy Ratio (%)
 
 
 
 
       Basel I
12.27
13.85
12.59
 
       Basel II
13.04
14.74
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)
1.53
4.00
9.89
 
      (b) Basic and Diluted EPS after Extraordinary Items for the period, for the
           year to date and for the previous year
1.53
4.00
9.89
 
(iv) NPA Ratios
 
 
 
 
      a) Amount of Gross Non Performing Assets
144912
97279
125919
 
      b) Amount of Net Non Performing Assets
83269
56087
74116
 
      c) Percentage of Gross Non Performing Assets
2.83
2.32
2.56
 
      d) Percentage of Net Non Performing Assets
1.65
1.35
1.52
 
(v) Return on Assets (Annualised) (%)
0.34
0.96
0.72
18
Public share holding
 
 
 
 
      - Number of shares
200000000
200000000
200000000
 
      - Percentage of share holding
42.31
46.13
42.31
19
Promoters and Promoter Group Shareholding
 
 
 
 
a) Pledged / Encumbered
 
 
 
 
    Number of Shares
Nil
Nil
Nil
 
    Percentage of shares (as a percentage of total shareholding of promoter and promoter group)
Nil
Nil
Nil
 
    Percentage of shares (as a percentage of total share capital of the company)
Nil
Nil
Nil
 
b) Non-encumbered
 
 
 
 
    Number of Shares (in million)
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
 
   Percentage of shares (as a percentage of total share capital of the company)
57.69
53.87
57.69

(Rs. in Crore)
SEGMENT-WISE RESULTS, ASSETS AND LIABILITIES FOR THE QUARTER ENDED 30.06.2011
Sl. No.
Particulars
Quarter Ended 30.06.2011 (Reviewed)
Quarter Ended 30.06.2010 (Reviewed)
Year Ended 31.03.2011 (Audited)
a)
Segment Revenue #
 
 
 
 
i) Treasury Operations
520.82
431.47
1799.60
 
ii) Whole Sale Banking
863.60
563.83
2435.02
 
iii) Retail Banking
467.18
417.82
1756.87
 
iv) Other Banking Operations
101.80
107.14
385.75
 
Total
1953.40
1520.26
6377.24
b)
Segment Result
 
 
 
 
i) Treasury Operations
89.40
91.65
308.39
 
ii) Whole Sale Banking
148.24
119.77
417.28
 
iii) Retail Banking
80.18
88.76
301.06
 
iv) Other Banking Operations
17.47
22.75
66.10
 
Total
335.28
322.93
1092.83
c)
Unallocated Expenses
9.77
8.67
46.16
d)
Operating Profit
325.51
314.26
1046.67
e)
Provisions & Contingencies
231.29
60.78
362.85
f)
Income Tax
22.00
80.00
160.00
g)
Extraordinary Profit
-
-
-
h)
Net Profit
72.22
173.48
523.82
i)
Other Information
-
-
-
j)
Segment Assets
 
 
 
 
i) Treasury Operations
28748.23
24490.83
27737.03
 
ii) Whole Sale Banking
36227.85
27616.18
34088.43
 
iii) Retail Banking
18610.79
17608.48
18151.22
 
iv) Other Banking Operations
472.65
367.40
529.84
 
v) Unallocated Assets
1237.01
939.58
1180.40
 
Total Assets
85296.53
71022.47
81686.92
k)
Segment Liabilities
 
 
 
 
i) Treasury Operations
27500.58
23301.08
26484.10
 
ii) Whole Sale Banking
34655.58
26274.60
32548.60
 
iii) Retail Banking
17803.10
16753.07
17331.30
 
iv) Other Banking Operations
452.14
349.54
505.91
 
v) Unallocated Liabilities
4885.14
4344.18
4817.01
 
Total Liabilities
85296.53
71022.47
81686.92

# The Bank operates only in domestic segment.
 
NOTES:          
1.        The above financial results have been approved by the Board of Directors of the Bank at its meeting held on 28th July 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 quarter ended on 30.06.2011 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 Rs.108.37 crore has been made on NPA advances.
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 Rs.29.77 crore to the Profit & Loss account for the quarter.
7.        The figures of the previous period have been regrouped / rearranged, wherever necessary.
8.         Provision Coverage Ratio (PCR) is 63.40 % as on 30th June, 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 351
 
Place : Bangalore
Date   : 28th July, 2011
 
 
SHUBHALAKSHMI PANSE
Executive Director
 
H. S. UPENDRA KAMATH Chairman & Managing Director