|
Archive >>
Unaudited Financial Results for the
Quarter Nine
and
months ended on 31.12.2006
(Rs. In lakh) |
PARTICULARS |
Quarter Ended 31.12.2006
(Reviewed) |
Quarter Ended
31.12.2005
(Reviewed) |
Nine
Months Ended 31.12.2006
(Reviewed) |
Nine
Months Ended 31.12.2005
(Reviewed) |
Year Ended (Audited) 31.03.2006
|
1. |
Interest Earned
(a) + (b) + (c) +(d) |
130495.68 |
94558.91 |
348975.87 |
272933.85 |
376724.36 |
(a) |
Interest/discount on advances/bills |
89951.87 |
56010.87 |
229202.70 |
155515.83 |
219139.32 |
(b) |
Income on investments |
39405.39 |
36394.57 |
112991.73 |
111648.74 |
148842.52 |
(c) |
Interest on balances with Reserve Bank of India and
other inter bank funds |
953.34 |
1761.38 |
5522.51 |
4967.22 |
7039.54 |
(d) |
Others |
185.08 |
392.09 |
1258.93 |
802.06 |
1702.98 |
2. |
Other Income |
12548.88 |
14999.94 |
32892.46 |
43434.01 |
60668.84 |
A. |
TOTAL INCOME
(1)+(2) |
143044.56 |
109558.85 |
381868.33 |
316367.86 |
437393.20 |
3. |
Interest Expended |
82026.29 |
55414.73 |
222423.14 |
161060.77 |
218979.63 |
4. |
Operating Expenses (e) + (f) |
28414.16 |
27789.78 |
81775.27 |
86305.92 |
115998.72 |
(e) |
Payments to and provisions for employees |
15982.05 |
16640.84 |
44997.35 |
51363.48 |
68109.83 |
(f) |
Other operating expenses |
12432.11 |
11148.94 |
36777.92 |
34942.44 |
47888.89 |
B |
TOTAL EXPENDITURE (3) + (4)
(excluding
Provisions and Contingencies) |
110440.45 |
83204.51 |
304198.41 |
247366.69 |
334978.35 |
C. |
OPERATING PROFIT (A - B)
(Profit before
Provisions and Contingencies) |
32604.11 |
26354.34 |
77669.92 |
69001.69 |
334978.35 |
D. |
Provisions and Contingencies
|
(837.36) |
3085.50 |
13432.78 |
9922.54 |
26929.83 |
| |
---Of which Provisions for non-performing assets |
1000.00 |
300.00 |
3000.00 |
3580.00 |
7680.00 |
E. |
Provision for taxes |
4828.70 |
838.56 |
1796.68 |
3515.76 |
4872.48 |
F. |
Net Profit (C - D - E) |
28612.77 |
22430.28 |
62440.46 |
55562.87 |
70612.54 |
5. |
Paid-up equity share capital |
44670.00 |
44670.00 |
44670.00 |
44670.00 |
44670.00 |
6. |
Reserves excluding revaluation reserves (as per balance
sheet of previous accounting year) |
260308.26 |
138069.70 |
260308.26 |
138069.70 |
260308.26 |
7. |
Analytical Ratios |
(i) |
Percentage of shares held by Government of India |
55.23 |
55.23 |
55.23 |
55.23 |
55.23 |
(ii) |
Capital Adequacy Ratio (%) |
12.80 |
12.60 |
12.80 |
12.60 |
13.37 |
(iii) |
Earning per share (Rs.) ** |
6.41 |
5.02 |
13.98 |
12.71 |
16.06 |
(iv) |
(a) Amount of Gross Non-performing assets |
118351 |
125224 |
118351 |
125224 |
118383 |
| |
(b) Amount of Net Non-performing assets |
27301 |
22076 |
27301 |
22076 |
24609 |
| |
(c ) % of Gross NPAs |
3.06 |
4.52 |
3.06 |
4.52 |
3.94 |
| |
(d) % of Net NPAs |
0.72 |
0.83 |
0.72 |
0.83 |
0.84 |
(v) |
Return on Assets (annualised) % |
1.80 |
1.83 |
1.42 |
1.54 |
1.42 |
8. |
Aggregate of Non-promoter share holding |
|
|
|
|
|
| |
-- Number of shares |
200000000 |
200000000 |
200000000 |
200000000 |
200000000 |
| |
--Percentage of share holding |
44.77 |
44.77 |
44.77 |
44.77 |
44.77 |
9. |
Number of investor complaints |
|
|
|
|
|
| |
------Received |
886 |
1086 |
3122 |
3814 |
4492 |
| |
----- Disposed off |
886 |
1086 |
3122 |
3814 |
4490 |
| |
-----Lying unresolved |
NIL |
NIL |
NIL |
NIL |
2.00 |
| |
** Not Annualised |
| |
Notes on Accounts as per Annexure |
Notes on Accounts forming part of Reviewed Unaudited
Financial Results
For the nine months Ended 31st December, 2006
1. These unaudited financial results for the nine
months ended 31st December, 2006 have been compiled as per Clause 41 of
the Listing Agreement.
2. The working results for the nine months ended 31st
December, 2006 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, Fringe Benefit Tax and other usual and necessary
provisions have been made on estimated and proportionate basis and are
subject to adjustment at the year-end.
3. The Institute of Chartered Accountants of India has
issued a revised Accounting Standard (AS-15) on employees benefit
effective from 01.04.2006. Pending Reserve Bank of India/Indian Banks'
Association guidelines/clarifications, the Bank has made an adhoc
provision of Rs. 31.54 crores towards Retirement Benefits of the
employees.
4. 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, 2006.
5. An amount of Rs.4.59 crores has been charged to Profit & Loss Account
during nine months ended 31st December, 2006 being three twentieth of
the total expenditure relating to Follow-on-Public Issue made by the
Bank during April, 2005.
6. The reconciliation of NOSTRO / Inter-Branch
Accounts and Balancing relating to Deposits and Advances is an on-going
process. The impact of the above if any, on accounts, is not material.
7. As per accounting policy of the bank, a sum of Rs.
60.00 crores has been credited for nine months period ended on
31.12.2006 under the head 'Provisions & Contingencies' as MAT Credit
Entitlement.
8. Interest earned for the quarter ended 31.12.2006 includes a sum of
Rs.62.05 crores relating to prior period.
9. The figures of previous period have been regrouped
and reclassified wherever necessary in order to make them comparable.
10. The above results have been taken on record by the Board of
Directors in the meeting held on 24.01.2007.
Click here for Segment Note
|
Directors |
|
|
|
|
|
(A. C. Mahajan)
Chairman & Managing Director
|
(S. K. Goel)
Executive Director
|
(D. K. Kapila)
Director & Chairman of
Audit Committee of the Board
|
|
|
|
(M.
M. Neogy)
General Manager
(Finance & Accounts)
In terms of our review report of even date |
For T. K. Ghose &
Co.
Chartered Accountants
|
For Ramesh C. Agrawal
& Co.
Chartered Accountants |
for Prakash &
Santosh
Chartered Accountants
|
|
|
|
|
(S. K. Gupta)
Partner M No. 13413 |
(R. C. Agrawal) Partner
M. No 70229 |
(S. K. Gupta)
Partner M. No. - 16304 |
For N. Chaudhuri &
Co.
Chartered Accountants
|
|
For Dhamija Sukhija
& Co.
Chartered Accountants
|
(D Dasgupta)
Partner M No. - 56037
|
|
(Reena Sukhija)
Partner M No. - 81977
|
Place
Kolkata
Date - Oct 26, 2006 |
|
|
|
|
|
Click here for the
Financial Highlights
top
|
