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                                                REVIEWED FINANCIAL RESULTS FOR THE  QUARTER / NINE MONTHS PERIOD ENDED 31ST DECEMBER, 2010  
( ` in lakhs)
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