Sl.

No.

Particulars

Quarter ended

(Reviewed)

Half Year ended

(Reviewed)

Year

Ended

(Audited)

30.09.2010

30.09.2009

30.09.2010

30.09.2009

31.03.2010

01

Interest earned [(a)+(b)+(c)+(d)]

140324

133812

275277

259861

520065

 

 (a) Interest/discount on advances/bills

99645

97104

197810

191132

383851

 

 (b) Income from investments

40002

35609

75661

65520

128183

 

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

10

4

11

23

23

 

 (d) Others

667

1095

1795

3186

8008

02

Other Income

11768

11948

28841

32241

67945

03

TOTAL INCOME (1+2)

152092

145760

304118

292102

588010

04

Interest Expended

91602

97334

182065

193298

375157

05

Operating Expenses (i) + (ii)

30905

25032

61042

54433

107157

 

(i) Employee costs

20908

16075

41516

36809

70562

 

(ii) Other operating expenses

9997

8957

19526

17624

36595

06

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

122507

122366

243107

247731

482314

07

OPERATING PROFIT (3 –6)

(Profit before provisions and contingencies)

29585

23394

61011

44371

105696

08

Provisions (other than tax) and Contingencies

10154

10080

16232

6444

35582

09

Exceptional items

-

-

-

-

-

10

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

19431

13314

44779

37927

70114

11

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

5000

2472

13000

12747

19385

 

(i) Current Tax

5150

2982

5347

15838

25212

 

(ii) Deferred Tax

(150)

(510)

7653

(3091)

(5827)

12

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

14431

10842

31779

25180

50729

13

Extraordinary Items (Net of Tax Expense)

-

-

-

-

-

14

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

14431

10842

31779

25180

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

14.27

12.04

14.27

12.04

11.79

 

       Basel II

14.25

13.44

14.25

13.44

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)

3.33

2.50

7.33

5.81

11.70

 

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

           year to date and for the previous year

3.33

2.50

7.33

5.81

11.70

 

(iv) NPA Ratios

 

 

 

 

 

 

      a) Amount of Gross Non Performing Assets

97028

109850

97028

109850

99445

 

      b) Amount of Net Non Performing Assets

52055

54181

52055

54181

58156

 

      c) Percentage of Gross Non Performing Assets

2.44

2.91

2.44

2.91

2.37

 

      d) Percentage of Net Non Performing Assets

1.32

1.46

1.32

1.46

1.40

 

(v) Return on Assets (Annualised) (%)

0.81

0.68

0.89

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

( Rs.in lakhs)

 

( Rs. in lakhs)

SEGMENT–WISE RESULTS, ASSETS AND LIABILITIES FOR THE HALF YEAR ENDED 30.09.2010

          SUMMARISED BALANCE SHEET

Sl. No.

Particulars

Quarter Ended 30.09.2010 (Reviewed)

Quarter Ended 30.09.2009

(Reviewed)

Half Year Ended 30.09.2010 (Reviewed)

Half Year Ended 30.09.2009 (Reviewed))

Year Ended 31.03.2010 (Audited)

CAPITAL AND LIABILITIES

As at 30.09.2010

As at 30.09.2009

a)

Segment Revenue #

 

 

Capital

163352

93352

i) Treasury Operations

43849

40673

86996

83616

164169

 

Reserves and surplus

284877

245781

ii) Whole Sale Banking

53888

53128

110271

105877

216839

 

Deposits

6266815

5811526

iii) Retail Banking

45757

43976

87539

85255

167012

 

Borrowings

171997

246612

iv) Other Banking Operations

8598

7983

19312

17354

39990

 

Other Liabilities and Provisions

177782

222023

Total

152092

145760

304118

292102

588010

Total

7064823

6619294

b)

Segment Result

ASSETS

i) Treasury Operations

8849

6898

18014

13439

30876

 

Cash and Balances with Reserve Bank of India

513122

401272

ii) Whole Sale Banking

10857

8983

22834

17017

40781

 

Balances with Banks and Money at Call and Short Notice

104306

39812

iii) Retail Banking

9251

7416

18127

13703

31412

 

Investments

2324562

2289198

iv) Other Banking Operations.

1724

1362

3999

2789

7520

 

Advances

3934314

3719532

Total

30681

24659

62974

46948

110589

 

Fixed Assets

47902

47995

c)

Unallocated Expenses

1096

1265

1963

2577

4893

 

Other Assets

140617

121485

d)

Operating Profit

29585

23394

61011

44371

105696

Total

7064823

6619294

e)

Provisions & Contingencies

10154

10080

16232

6444 

35582

NOTES:

f)

Income Tax

5000

2472

13000

12747

19385

1. The above financial results have been approved by the Board of Directors of the Bank at its meeting held on 22nd October, 2010.

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 half year ended on 30.09.2010 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. As the second option for pension is yet to be exercised fully by the employees, the quantum of provision is not ascertainable.

5. 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.

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

7. Provision coverage ratio is 68.75% as on 30th September, 2010. RBI has permitted time upto 31.03.2011 for achieving the prescribed ratio of 70%.

8. The number of shareholders' complaints pending is Nil Number of complaints received and resolved during the half year are 707. 

g)

Extraordinary Profit

-

-

-

-

-

h)

Net Profit

14431

10842

31779

25180

50729

i)

Other Information

-

-

-

j)

Segment Assets

i)  Treasury Operations

2635408

2485552

2635408

2485552

2446248

ii) Whole Sale Banking

2564901

2351800

2564901

2351800

2665128

iii) Retail Banking

1737847

1668223

1737847

1668223

1778241

iv) Other Banking Operations

30289

22207

30289

22207

37327

v) Unallocated Assets

96378

91512

96378

91512

95264

Total Assets

7064823

6619294

7064823

6619294

7022208

k)

Segment Liabilities

i) Treasury Operations

2502340

2391696

2502340

2391696

2351429

ii) Whole Sale Banking

2435393

2262995

2435393

2262995

2561824

iii) Retail Banking

1650099

1605229

1650099

1605229

1709314

iv) Other Banking Operations.

28760

21368

28760

21368

35880

v) Unallocated Liabilities

448231

338006

448231

338006

363761

Total Liabilities

7064823

6619294

7064823

6619294

7022208

# The Bank operates only in domestic segment.

Place: Bangalore

Date: 22nd October, 2010

SHUBHALAKSHMI PANSE

Executive Director

ALBERT TAURO

Chairman & Managing Director