| (Rs. In lakh) |
| PARTICULARS |
Quarter Ended 30.06.2010 |
Quarter Ended (Reviewed)30.06.2009 |
Year Ended (Audited)31.03.2010 |
| 1. |
Interest Earned
(a) + (b) + (c) +(d) |
240312.17 |
200818.45 |
836920.01 |
| (a) |
Interest/discount on advances/bills |
181065.90 |
155823.81 |
639846.54 |
| (b) |
Income on investments |
58162.22 |
44249.06 |
194476.17 |
| (c) |
Interest on balances with Reserve Bank of India and other inter bank funds |
795.13 |
745.58 |
2517.37 |
| (d) |
Others |
288.92 |
0.00 |
79.93 |
| 2. |
Other Income |
29855.97 |
36951.24 |
151590.24 |
| 3 |
TOTAL INCOME (1)+(2) |
270168.14 |
237769.69 |
988510.25 |
| 4 |
Interest Expended |
155278.13 |
137913.00 |
571872.09 |
| 5 |
Operating Expenses (i) + (ii) |
44432.02 |
40793.64 |
161783.16 |
| (i) |
Employee Cost |
28528.02 |
27208.11 |
101137.92 |
| (ii) |
Other operating expenses( All items exceeding 10% of the total expenditure excluding interest expenditure may be shown separately) |
15904.00 |
13585.53 |
60645.24 |
| 6 |
Total Expenditure (4+5) excluding provisions and contingencies |
199710.15 |
178706.64 |
733655.25 |
| 7 |
Operating Profit before Provisions and contingencies (3-6) |
70457.99 |
59063.05 |
254855.00 |
| 8 |
Provisions ( other than tax) and contingencies |
15105.05 |
3963.42 |
77692.83 |
| 9 |
Exceptional Items |
0.00 |
0.00 |
0.00 |
| 9 |
---Of which Provisions for non-performing assets |
|
|
|
| 10 |
Profit (+)/ Loss (-) from Ordinary Activities before tax (7-8-9) |
55352.94 |
55099.63 |
177162.17 |
| 11 |
Tax Expenses |
20638.71 |
24813.50 |
56529.46 |
| 12 |
Net Profit(+) / Loss (-) from Ordinary Activities after tax (10-11) |
34714.23 |
30286.13 |
120632.71 |
| 13 |
Extraordinary Items (net of tax expenses) |
0.00 |
0.00 |
0.00 |
| 14 |
Net Profit (+) / Loss (-) for the period (12-13) |
34714.23 |
30286.13 |
120632.71 |
| 15 |
Paid-up equity share capital (Face Value @ Rs. 10 per Share) |
44670.00 |
44670.00 |
44670.00 |
| 16 |
Reserves excluding revaluation reserves (as per balance sheet of previous accounting year) |
543756.37 |
453187.88 |
543756.37 |
| 17 |
Analytical Ratios |
|
|
|
| (i) |
Percentage of shares held by Government of India |
55.23 |
55.23 |
55.23 |
| (ii) |
Capital Adequacy Ratio (%) As per Basel II |
13.55 |
12.54 |
13.62 |
| (iii) |
Earning per share (Rs.)* |
|
|
|
| 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 (not annualised) |
7.77 |
6.78 |
27.01 |
| b. Basic and diluted EPS after Extra ordinary items for the period, for the year to date and for the previous year (not annualised) |
7.77 |
6.78 |
27.01 |
| (iv) |
NPA Ratios |
|
|
|
| (a) (i) Gross NPA |
113931.47 |
109306.00 |
122180.30 |
| (ii) Net NPA |
30842.49 |
21979.00 |
47015.12 |
| (b) (i) % of Gross NPA |
1.50 |
1.79 |
1.69 |
| (ii) % Net NPA |
0.41 |
0.37 |
0.66 |
| (c) Return on Assets |
1.16 |
1.22 |
1.16 |
| 18 |
Public Shareholding |
| |
-- Number of shares |
200000000 |
200000000 |
200000000 |
| |
--Percentage of share holding |
44.77 |
44.77 |
44.77 |
| 19 |
Promoters and promoter group Shareholding |
246700000 |
246700000 |
246700000 |
| a) |
Pledged/Encumbered |
|
|
|
| |
- Number of Shares |
NIL |
NIL |
NIL |
| |
-Percentage of share (as a % of the total shareholding of promoter and promoter group) |
NIL |
NIL |
NIL |
| |
-Percentage of share (as a % of the total share capital of the company) |
NIL |
NIL |
NIL |
| b) |
Non-encumbered |
|
|
|
| |
- No of Shares |
246700000 |
246700000 |
246700000 |
| |
-Percentage of share (as a % of the total shareholding of promoter and promoter group) |
100 |
100 |
100 |
| |
-Percentage of share (as a % of the total share capital of the company) |
55.23 |
55.23 |
55.23 |
| |
Items of other Operating Expenses Exceeded 10% of total expenditure excluding interest Expenditure |
| |
Rent, Taxes & Lighting |
4253.49** |
3638.21** |
17654.38 |
-
These unaudited financial results for quarter ended 30th June, 2010 have been compiled as per clause 41 of the listing agreement.
-
The working results for quarter ended 30th June, 2010 have been arrived at after considering provisions for Non-performing assets, Standard Assets and Investment Depreciation on the basis of prudential norms issued by Reserve Bank of India. Income Tax, Deferred tax and other usual and necessary provisions including employee benefits have been made on estimated and proportionate basis and are subject to adjustment at the year-end.
-
The Bank is following the same Accounting Policies in preparation of these financial results as were followed in the annual financial statements for the year ended 31st March, 2010.
-
At some branches reconciliation of accounts relating to Balances with Banks and NOSTRO accounts are in progress. Since substantial progress has been made in the above areas the management is of the view that the impact of reconciliation, if any, on the accounts of the Bank will not be material.
-
The above results have been approved and taken on record by the Board of Directors in the meeting held on 23rd July, 2010.
-
The figures of previous period have been regrouped and reclassified wherever necessary in order to make them comparable.
-
Status of Investor’s Complaints:
As on 1st April 2010, the Bank had no investor’s complaints. During the quarter, the Bank received 229 complaints, which were suitably resolved and no complaint was pending as on 30th June-2010.
| Rs in Crores |
| |
Particulars |
Three Months ended
30-06-2010 (Unaudited) |
Three Months ended
30-06-2009 (Unaudited) |
Year ended
31-03-2010 (Audited) |
| PART-A Business Segment |
|
|
|
|
| a) |
Segment Revenue |
|
|
|
| |
i) Treasury Operations |
691.25 |
672.93 |
2608.47 |
| |
ii) Corporate/Wholesale Banking |
1196.87 |
1082.35 |
4276.43 |
| |
iii) Retail Banking |
769.50 |
614.61 |
2766.23 |
| |
iv) Other Banking Business (Unallocated) |
44.06 |
7.81 |
233.97 |
| |
Total |
2701.68 |
2377.70 |
9885.10 |
| |
Less : Inter Segment Revenue |
0.00 |
0.00 |
0.00 |
| |
Net Sales/Income from Operation |
2701.68 |
2377.70 |
9885.10 |
| b) |
Segment Results (Profit) |
|
|
|
| |
i) Treasury |
51.81 |
76.39 |
140.30 |
| |
ii) Corporate/Wholesale Banking |
293.83 |
311.96 |
1080.39 |
| |
iii) Retail Banking |
318.74 |
195.22 |
1114.57 |
| |
iv) Other Banking Business (Unallocated) |
40.21 |
7.06 |
213.29 |
| |
Total (Operating Profit) |
704.58 |
590.63 |
2548.55 |
| |
Less : |
|
|
|
| |
i) Interest |
0.00 |
0.00 |
0.00 |
| |
ii)Other Un-allocable Expenditure |
151.05 |
39.64 |
776.92 |
| |
iii)Other Un-allocable income |
0.00 |
0.00 |
0.00 |
| |
Total Profit Before Tax |
553.53 |
550.99 |
1771.63 |
| c) |
Capital Employed |
|
|
|
| |
Segment Assets-Segmant liabilities |
|
|
|
| |
i) Treasury |
1800.78 |
1732.02 |
1865.17 |
| |
ii) Corporate/Wholesale Banking |
2889.79 |
2147.55 |
2514.36 |
| |
iii) Retail Banking |
1295.24 |
1161.28 |
1255.51 |
| |
iv) Other Banking Business |
0.00 |
0.00 |
0.00 |
| |
vi) Unallocated Assets |
1117.43 |
1112.22 |
1117.91 |
| |
Total Capital Employed |
7103.24 |
6153.07 |
6752.95 |
| PART - B Geographic Segment |
|
Three Months ended
30-06-2010 (Unaudited) |
Three Months ended
30-06-2009 (Unaudited) |
Year ended
31-03-2010
(Audited) |
| a. |
Revenue |
|
|
|
| |
i. Domestic |
2689.52 |
2365.43 |
9836.04 |
| |
ii. International |
12.16 |
12.27 |
49.06 |
| |
iii. Total |
2701.68 |
2377.70 |
9885.10 |
| b. |
Assets |
|
|
|
| |
i. Domestic |
121898.24 |
103829.46 |
119884.13 |
| |
ii. International |
1675.02 |
1340.68 |
1815.08 |
| |
iii. Total |
123573.26 |
105170.14 |
121699.21 |
|
DIRECTORS |
|
(J.P.DUA)
Chairman & Managing Director |
|
(D.K.Kapila)
Director |
|
|
|
(D.Sarkar)
Executive Director |
|
(M.R.Nayak)
Executive Director |
|
|
|
(A.B.Bhattacharjee)
General Manager
(Finance, Accounts & CFO) |
|
(S.L.Jain)
Asst.General Manager
(Finance & Accounts) |
|
|
|
In terms of our review report of even date |
|
|
|
For
Venkat & Rangaa
Chartered Accountants |
For
Sudit K.Parekh & Co.
Chartered Accountants |
For
P.A.& Associates
Chartered Accountants |
|
|
|
(CA S. Manisekaran)
Partner
Membership No. -26400
Firm ICAI Regn No 004597S |
(CA D.S.Khatri)
Partner
Membership No. - 39461
Firm ICAI Regn No 110512W |
(CA P.S.Panda)
Partner
Membership No. - 51092
Firm ICAI Regn No 313085E |
|
|
|
For
M.R.Narain & Co.
Chartered Accountants |
For
S. Ghose & Co
Chartered Accountants |
For
K.M.Agrawal & Co.
Chartered Accountants |
|
|
|
(CA M.N.Venkatesan)
Partner
Membership No. - 22993
Firm ICAI Regn No 002330S |
(CA Chandan Chattopadhaya)
Partner
Membership No. - 51254
Firm ICAI Regn No 302184E |
(CA Meenakshi Gupta)
Partner
Membership No. - 92834
Firm ICAI Regn No 0853N |
| |
|
|
Place: Kolkata
Date : 23rd July,2010 |
|
|
