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Financial Reports
  REVIEWED FINANCIAL RESULTS FOR THE  QUARTER / HALF-YEAR ENDED 30TH SEPTEMBER, 2010 
     
( Rs. in lakhs)

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