Sl.

No.

Particulars

Quarter ended

(Reviewed)

Nine Months ended

(Reviewed)

Year

Ended

(Audited)

31.12.2010

31.12.2009

31.12.2010

31.12.2009

31.03.2010

01

Interest earned [(a)+(b)+(c)+(d)]

148251

128265

423528

388126

520065

 

 (a) Interest/discount on advances/bills

103687

96673

301497

287805

383851

 

 (b) Income from investments

42831

30216

118492

95736

128183

 

 (c) Interest on balances with Reserve Bank of India and other inter bank funds

54

-

65

23

23

 

 (d) Others

1679

1376

3474

4563

8008

02

Other Income

10189

16476

39030

48716

67945

03

TOTAL INCOME (1+2)

158440

144741

462558

436843

588010

04

Interest Expended

94619

88973

276684

282271

375157

05

Operating Expenses (i) + (ii)

31161

25880

92203

80313

107157

 

(i) Employee costs

20820

17392

62336

54201

70562

 

(ii) Other operating expenses

10341

8488

29867

26112

36595

06

TOTAL EXPENDITURE (4+5) (Excluding provisions and contingencies)

125780

114853

368887

362584

482314

07

OPERATING PROFIT (3 –6)

(Profit before provisions and contingencies)

32660

29888

93671

74259

105696

08

Provisions (other than tax) and Contingencies

11480

13131

27712

19575

35582

09

Exceptional items

-

-

 

-

-

10

Profit/(Loss) from Ordinary Activities before tax (7-8-9)

21180

16757

65959

54684

70114

11

Tax Expenses[(i)+(ii)+(iii)+(iv)]

6000

4300

19000

17047

19385

 

(i) Current Tax

6150

5521

11497

21359

25212

 

(ii) Deferred Tax

(150)

(1221)

7503

(4312)

(5827)

12

Net Profit/(Loss) from Ordinary Activities after tax (10-11)

15180

12457

46959

37637

50729

13

Extraordinary Items (Net of Tax Expense)

-

-

-

-

-

14

Net Profit/(Loss) for the period (12-13)

15180

12457

46959

37637

50729

15

Paid up equity share capital

(Face value of each share- ` 10/-)

43352

43352

43352

43352

43352

16

Reserves excluding Revaluation Reserves (As per Balance Sheet of previous accounting year)

222995

188455

222995

188455

188455

17

Analytical Ratios

 

 

 

 

 

 

(i)   Percentage of shares held by Government of India

53.87

53.87

53.87

53.87

53.87

 

(ii) Capital Adequacy Ratio (%)

 

 

 

 

 

 

       Basel I

12.85

12.01

12.85

12.01

11.79

 

       Basel II

13.67

13.34

13.67

13.34

12.50

 

(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)

3.09

2.87

9.83

8.68

11.70

 

      (b) Basic and Diluted EPS after Extraordinary Items for the period, for the

           year to date and for the previous year

3.09

2.87

9.83

8.68

11.70

 

(iv) NPA Ratios

 

 

 

 

 

 

      a) Amount of Gross Non Performing Assets

107290

99532

107290

99532

99445

 

      b) Amount of Net Non Performing Assets

59854

51228

59854

51228

58156

 

      c) Percentage of Gross Non Performing Assets

2.46

2.53

2.46

2.53

2.37

 

      d) Percentage of Net Non Performing Assets

1.38

1.30

1.38

1.30

1.40

 

(v) Return on Assets (Annualised) (%)

0.86

0.77

0.88

0.77

0.76

18

Public share holding

 

 

 

 

 

 

      - Number of shares

200000000

200000000

200000000

200000000

200000000

 

      - Percentage of share holding

46.13

46.13

46.13

46.13

46.13

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)

233.52

233.52

233.52

233.52

233.52

 

    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)

53.87

53.87

53.87

53.87

53.87

( ` in lakhs)

 

 

SEGMENT–WISE RESULTS, ASSETS AND LIABILITIES FOR THE NINE MONTHS PERIOD ENDED 31.12.2010

Sl. No.

Particulars

Quarter Ended 31.12.2010 (Reviewed)

Quarter Ended 31.12.2009

(Reviewed)

Nine Months Ended 31.12.2010 (Reviewed)

Nine Months Ended 31.12.2009 (Reviewed))

Year Ended 31.03.2010 (Audited)

NOTES:

1.     The above financial results have been approved by the Board of Directors of the Bank at its meeting held on 24th January, 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 2010

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 nine months period ended on 31.12.2010 have been arrived at after making necessary provisions on estimated basis for Income Tax, Wealth Tax, Bonus, Depreciation and provision for Employee Benefits. Provisions for NPAs, Standard Assets and Depreciation on Investments have been made on the basis of prudential norms issued by the Reserve Bank of India.

5.     The provision in respect of 2nd pension option and gratuity on account of enhancement in ceiling (Based on actuarial valuation) is being amortised over a period of five years pending final decision by the competent authority. Accordingly          ` 95.31 Crore have been provided in the current quarter relating to the period from 1st April 2010 to 31st December 2010.

6.     During the year 2010-11 Government of India has infused additional Tier – I Capital of ` 700 Crore by subscribing to Perpetual Non–Cumulative Preference Shares.

7.     The figures of the previous period have been regrouped / rearranged, wherever necessary.

8.     Provision coverage ratio is 67.60 % as on 31st December, 2010. RBI has permitted time upto 31.03.2011 for achieving the prescribed ratio of 70%.

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 913.

a)

Segment Revenue #

 

 

i) Treasury Operations

46105

39885

133101

123501

164169

 

ii) Whole Sale Banking

62619

56060

172890

161937

216839

 

iii) Retail Banking

41068

40612

128607

125867

167012

 

iv) Other Banking Operations

8648

8184

27960

25538

39990

 

Total

158440

144741

462558

436843

588010

b)

Segment Result

i) Treasury Operations

9878

8582

27892

22021

30876

 

ii) Whole Sale Banking

13396

11858

36230

28875

40781

 

iii) Retail Banking

8823

 8738

26950

22441

31412

 

iv) Other Banking Operations.

1862

1765

5861

4554

7520

 

Total

33959

30943

96933

77891

110589

 

c)

Unallocated Expenses

1299

1055

3262

3632

4893

 

d)

Operating Profit

32660

29888

93671

74259

105696

e)

Provisions & Contingencies

11480

13131

27712

19575

35582

f)

Income Tax

6000

4300

19000

17047

19385

g)

Extraordinary Profit

-

-

-

-

-

h)

Net Profit

15180

12457

46959

37637

50729

i)

Other Information

-

j)

Segment Assets

i) Treasury Operations

2502484

2408682

2502484

2408682

2446248

ii) Whole Sale Banking

2898197

2447147

2898197

2447147

2665128

iii) Retail Banking

1737148

1684144

1737148

1684144

1778241

iv) Other Banking Operations

27424

26622

27424

26622

37327

v) Unallocated Assets

99726

85614

99726

85614

95264

Total Assets

7264979

6652209

7264979

6652209

7022208

k)

Segment Liabilities

i) Treasury Operations

2375563

2311300

2375563

2311300

2351429

ii) Whole Sale Banking

2751206

2348209

2751206

2348209

2561824

iii) Retail Banking

1649043

1616054

1649043

1616054

1709314

iv) Other Banking Operations.

26033

25545

26033

25545

35880

v) Unallocated Liabilities

463134

351101

463134

351101

363761

Total Liabilities

7264979

6652209

7264979

6652209

7022208

# The Bank operates only in domestic segment.

     Place: Bangalore

    Date: 24th January, 2011

SHUBHALAKSHMI PANSE

Executive Director

ALBERT TAURO

Chairman & Managing Director