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Financial Results- Reviewed Financial Results for quarter ended 30th June 2010
REVIEWED FINANCIAL RESULTS FOR THE QUARTER ENDED 30TH  JUNE, 2010

Rupees in lakhs)

Sl.
No.
Particulars
Quarter ended
 (Reviewed)
Year
ended
(Audited)
30.06.2010
30.06.2009
31.03.2010
01
Interest earned [(a)+(b)+(c)+(d)]
134953
126049
520065
 
 (a) Interest/discount on advances/bills
98165
94028
383851
 
 (b) Income from investments
35659
29911
128183
 
 (c) Interest on balances with Reserve Bank of India and other inter bank funds
1
19
23
 
 (d) Others
1128
2091
8008
02
Other Income
17073
20293
67945
03
 TOTAL INCOME (1+2)
152026
146342
588010
04
Interest Expended
90463
95964
375157
05
Operating Expenses (i) + (ii)
30137
29401
107156
 
(i) Employee costs
20608
20734
70561
 
(ii) Other operating expenses
9529
8667
36595
06
TOTAL EXPENDITURE (4+5) (Excluding provisions and contingencies)
120600
125365
482313
07
OPERATING PROFIT (3 –6)
(Profit before provisions and contingencies)
31426
20977
105697
08
Provisions (other than tax) and Contingencies
6078
(3636)
35582
09
Exceptional items
-
-
-
10
Profit/(Loss) from Ordinary Activities before tax (7-8-9)
25348
24613
70115
11
Tax Expenses[(i)+(ii)]
8000
10275
19385
 
(i) Current Tax
197
12856
25212
 
(ii) Deferred Tax                               
7803
(2581)
(5827)
12
Net Profit/(Loss) from Ordinary Activities after tax (10-11)
17348
14338
50730
13
Extraordinary Items (Net of Tax Expense)
-
-
-
14
Net Profit/(Loss) for the period (12-13)
17348
14338
50730
15
Paid up equity share capital
(Face value of each share-Rs.10/-)
43352
43352
43352
16
Reserves excluding Revaluation Reserves (As per Balance Sheet of previous accounting year)
222995
188455
188455
17
Analytical Ratios
 
 
 
 
(i)   Percentage of shares held by Government of India
53.87
53.87
53.87
 
(ii) Capital Adequacy Ratio (%)
 
 
 
 
       Basel I
13.85
12.47
11.79
 
       Basel II
14.74
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)
4.00
3.31
11.70
 
      (b) Basic and Diluted EPS after Extraordinary Items for the period, for the
           year to date and for the previous year
4.00
3.31
11.70
 
(iv) NPA Ratios
 
 
 
 
      a) Amount of Gross Non Performing Assets
97279
108527
99445
 
      b) Amount of Net Non Performing Assets
56087
57404
58183
 
      c) Percentage of Gross Non Performing Assets
2.32
2.94
2.37
 
      d) Percentage of Net Non Performing Assets
1.35
1.58
1.40
 
(v) Return on Assets (Annualised) (%)
0.96
0.93
0.76
18
Public share holding
 
 
 
 
      - Number of shares
200000000
200000000
200000000
 
      - Percentage of share holding
46.13
46.13
46.13
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)
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
 
    Percentage of shares (as a percentage of total share capital of the company)
53.87
53.87
53.87

(Rupees in Crore)
SEGMENT-WISE RESULTS, ASSETS AND LIABILITIES FOR THE QUARTER ENDED 30.06.2010
Sl. No.
Particulars
Quarter Ended 30.06.2010 (Reviewed)
Quarter Ended 30.06.2009 (Reviewed)
Year Ended 31.03.2010 (Audited)
Business Segment #
a)
Segment Revenue
i) Treasury Operations
431.47
429.43
1641.69
ii) Whole Sale Banking
563.83
527.49
2168.39
iii) Retail Banking
417.82
412.79
1670.12
iv) Other Banking Operations.
107.14
93.71
399.90
Total
1520.26
1463.42
5880.10
b)
Segment Result
i) Treasury Operations
91.65
65.41
308.76
ii) Whole Sale Banking
119.77
80.34
407.81
iii) Retail Banking
88.76
62.87
314.12
iv) Other Banking Operations.
22.75
14.27
75.20
Total
322.93
222.89
1105.89
c)
Unallocated Expenses
8.67
13.12
48.93
d)
Operating Profit
314.26
209.77
1056.96
e)
Provisions & Contingencies
60.78
(36.36)
355.82
f)
Income Tax
80.00
102.75
193.85
g)
Extraordinary Profit
-
-
-
h)
Net Profit
173.48
143.38
507.29
i)
Other Information
-
-
-
j)
Segment Assets
i) Treasury Operations
24490.83
22776.54
24462.48
ii) Whole Sale Banking
27616.18
22284.02
26651.28
iii) Retail Banking
17608.48
16554.02
17782.41
iv) Other Banking Operations.
367.40
235.85
373.27
v) Unallocated Assets
939.58
906.34
952.64
Total Assets
71022.47
62756.77
70222.08
k)
Segment Liabilities
 
i) Treasury Operations
23301.08
21899.56
23514.29
ii) Whole Sale Banking
26274.60
21426.01
25618.24
iii) Retail Banking
16753.07
15916.63
17093.14
iv) Other Banking Operations.
349.54
226.78
358.80
v) Unallocated Liabilities
4344.18
3287.79
3637.61
Total Liabilities
71022.47
62756.77
70222.08

# 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 22nd July 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 quarter ended on 30.06.2010 have been arrived at after making necessary provisions for Income Tax, Wealth Tax, Bonus, provision for depreciation on estimated basis, 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. In terms of instructions contained in RBI Circular No.DBOD No.BP:BC:82/21.04.048/2009-10 dated March 30, 2010 regarding Agricultural Debt Waiver and Debt Relief Scheme (ADWDR), 2008 guidelines, if the payments are delayed by the farmers beyond June 30, 2010, the outstanding amount in the relevant accounts of such farmers shall be treated as NPA with retrospective effect. In respect of aggregated outstanding of Rs.167.35 crore due from such farmers as on 30.06.2010, the bank shall review the position during the quarter ending 30th September 2010.
  6. During the quarter ended 30th June 2010 Government of India has inducted additional Tier – I Capital of Rs.700 crore by subscribing to Perpetual Non–Cumulative Preference Shares.
  7. The figures of the previous period have been regrouped / rearranged, wherever necessary
  8. The number of shareholders' complaints pending is Nil. Number of complaints received and resolved during the quarter are 322.

 
Place  : Bangalore
Date    : 22nd July, 2010
 
 
SHUBHALAKSHMI PANSE
Executive Director
 
ALBERT TAURO
Chairman & Managing Director