Tenders
search


Archive >> 

Unaudited Financial Results for the Quarter & Nine Months ended 31st December 2009

(Rs. In lakhs)

PARTICULARS

Quarter Ended

Quarter Ended (Reviewed)

Nine Months Ended

Nine Months Ended (Reviewed)

 Year Ended (Audited)

31.12.2009

31.12.2008

31.12.2009

31.12.2008

 31.03.2009
1. Interest Earned
(a) + (b) + (c) +(d)		 210775.52 189804.45 616263.10 544962.25 736472.79
(a) Interest/discount on advances/bills 159551.76 145118.86 473479.17 404916.66 549438.81
(b) Income on investments 50469.57 44230.27 140609.26 138298.66 184935.70
(c) Interest on balances with Reserve Bank
of India and other inter bank funds		 753.73 117.28 2098.51 715.82 1074.15
(d) Others 0.46 338.04 76.16 1031.11 1024.13
2. Other Income 33953.02 40840.47 111386.88 68365.53 114192.43
3 TOTAL INCOME (1)+(2) 244728.54 230644.92 727649.98 613327.78 850665.22
4 Interest Expended 143218.94 129390.46 425475.46 388346.14 520606.13
5 Operating Expenses   (i) + (ii) 36496.68 34648.49 113114.48 96281.23 139943.84
(i)  Employees  Cost 20935.12 23002.97 70566.12 60176.61 87393.84
(ii) Other operating expenses 15561.56 11645.52 42548.36 36104.62 52550.00
6 Total Expenditure (4+5)
excluding provisions and contigencies		 179715.62 164038.95 538589.94 484627.37 660549.97
7 Operating Profit before Provisions
and contingencies (3-6)		 65012.92 66605.97 189060.04 128700.41 190115.25
8 Provisions ( other than tax)
and contingencies		 24628.40 10297.81 47977.26 57172.99 82538.21
9 Exceptional Items 0.00 0.00 0.00 0.00 0.00
10 Profit (+)/ Loss (-) from Ordinary
Activities before tax (7-8-9)		 40384.52 56308.16 141082.78 71527.42 107577.04
11 Tax Expenses 5847.73 19361.22 42900.76 21076.12 30717.23
12 Net Profit(+) / Loss (-) from
Ordinary Activities after tax (10-11)		 34536.79 36946.94 98182.02 50451.30 76859.81
13 Extraordinary Items (net of tax expenses) 0.00 0.00 0.00 0.00 0.00
14  Net Profit (+) / Loss (-) for the period (12-13) 34536.79 36946.94 98182.02 50451.30 76859.81
15  Paid-up equity share capital
  (Face Value @ Rs. 10 per Share)		 44670.00 44670.00 44670.00 44670.00 44670.00
16 Reserves excluding revaluation reserves
(as per balance sheet of previous accounting year)		 453187.88 389604.97 453187.88 389604.97 453187.88
17 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 (%) 15.00 12.20 15.00 12.20 13.11
(iii) Earning per share (Rs.)*          
a. Basic and diluted EPS before extraordinary
items( Net of Tax expense) for the period,
for the year to date and for the previous year		 7.73 8.27 21.98 11.29 17.21
b. Basic and diluted EPS after
extraordinary items for the period
to date and for the previous year		 7.73 8.27 21.98 11.29 17.21
(iv) NPA Ratios
a)
(i) Gross NPA		 116050.00 101601.00 116050.00 101601.00 107824.47
(ii) Net NPA 22752.00 42920.00 22752.00 42920.00 41911.25
(b)
(i) % of Gross NPA		 1.77 1.93 1.77 1.93 1.81
(ii) % Net NPA 0.35 0.82 0.35 0.82 0.72
(c) Return on Assets 1.31 1.78 1.29 0.81 0.90
18 Public Shareholding
  -- Number of shares 200000000 200000000 200000000 200000000 200000000
  --Percentage of share holding 44.77 44.77 44.77 44.77 44.77
19 Promoters and
promoter group Shareholding 		246700000 246700000 246700000 246700000 246700000
a) Pledged/Encumbered          
    - Number of Shares NIL NIL NIL NIL NIL
    -Percentage of share
(as a % of the total shareholding
of promoter and promoter group)		 NIL NIL NIL NIL NIL
    -Percentage of share
(as a % of the total share
capital of the Bank)		 NIL NIL NIL NIL NIL
b)  Non-encumbered          
    - No of Shares 246700000 246700000 246700000 246700000 246700000
    -Percentage of share
(as a % of the total shareholding
of promoter and promoter group)		 100 100 100 100 100
    -Percentage of share
(as a % of the total share
capital of the Bank)		 55.23 55.23 55.23 55.23 55.23
  Items of other operating Expenses Exceeded 10% of total expenditure excluding interest Expenditure
  Rent, Taxes & Lighting 4482.31 3361.99** 11976.64 9223.08** 13592.85**
               * Not Annualised
               ** Not exceeding 10% of total expenditure excluding Interest Expenditure

Notes on Accounts forming part of Un-audited Financial Results
For Nine Months Ended 31st December, 2009:

  1. These unaudited financial results for Nine Months ended 31st December, 2009 have been compiled as per clause 41 of the listing agreement.

  2. The profit for Nine Months ended 31st December, 2009 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 have been made on estimated basis and are subject to adjustment at the year-end.

  3. Accounting Policies followed in preparation of these financial results are same followed in the annual financial statements for the year ended 31st March, 2009.

  4. An amount of Rs.4.60 crores has been charged to Profit & Loss Account during Nine Months ended 31st December, 2009 being three twentieth of the total expenditure relating to Follow-on-Public Issue made by the Bank during April, 2005.

  5. Provision of Rs. 120.00 crores has been made during Nine months towards wage arrears on estimated basis pending finalization of wage revision. Further, as a prudent policy, an ad-hoc Provision of Rs. 47 crore has been made towards the Pension liability.

  6. At some branches, balancing / reconciliation of accounts relating to Deposits, Advances, 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.

  7. The Government of India has notified Relief Scheme viz ADW & DRS 2008 for giving debt waiver to marginal and small farmers and to other farmers who availed direct agricultural loan. Final claim of Rs.1041.80 crore has been lodged with the RBI being the amount waived after due verification by the Statutory Central Auditors of the Bank, out of which so far Rs.673.93 crore has been received.

  8. During Nine Months, the Bank has raised Upper Tier II Bonds of Rs 500 crores at an interest rate of 8.58% for a period of 15 years with call option after 10 years, Subordinated Debt of Rs. 450 crores at an interest rate of 8.45% for a period of 10 years and Innovative Perpetual Debt of Rs 150 crores at an interest rate of 9.08% with call option after 10 years.

  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 approved by the Board of Directors in the meeting held on 22nd January, 2010.

  11. Status of Investors Complaints:- As on 1st October 2009, the Bank had no investor’s complaints outstanding. During the quarter, the Bank received 576 complaints, which were suitably resolved and no complaint was pending as on 31st December, 2009.

 

SEGMENT- WISE REVENUE, RESULTS, AND CAPITAL EMPLOYED
FOR THE QUARTER AND NINE MONTHS ENDED 31-12-2009

Rs in Crores
  Particulars For the quarter ended 31.12.09 For the quarter ended 31.12.08 Nine Months
ended
31-12-2009		 Nine Months
ended
31-12-2008		 Year
ended
31-03-2009
(Audited)
PART -A Business Segment            
a) Segment Revenue          
  i) Treasury Operations 659.53 741.25 1983.44 1741.77 2482.87
  ii) Corporate/Wholesale Banking 1052.89 863.07 3144.51 2178.91 3213.16
  iii) Retail Banking 680.49 697.05 2036.54 2168.21 2760.60
  iv) Other Banking Business 54.37 5.08 112.01 44.39 50.02
  Total 2447.28 2306.45 7276.50 6133.28 8506.65
  Less : Inter Segment Revenue 0.00 0.00 0 0.00 0
  Net Sales/Income from Operation 2447.28 2306.45 7276.50 6133.28 8506.65
b) Segment Results (Profit)   0.00      
  i) Treasury 38.90 251.89 164.21 242.27 431.43
  ii) Corporate/Wholesale Banking 305.36 231.60 840.84 434.76 691.43
  iii) Retail Banking 256.02 178.00 783.09 569.49 732.98
  iv) Other Banking Business 49.85 4.57 102.46 40.48 45.31
  Total
(Operating Profit)		 650.13 666.06 1890.60 1287.00 1901.15
  Less :   0.00      
  i) Interest 0.00 0.00 0 0.00 0
    0.00 0.00      
    0.00 0.00      
  ii)Other Un-allocable Expenditure 246.29 102.98 479.77 571.73 825.38
  iii)Other Un-allocable income 0.00 0.00 0 0.00 0
  Total Profit
  Before Tax 		403.85 563.08 1410.83 715.27 1075.77
c) Capital Employed          
  Segment Assets-Segmant liabilities          
  i) Treasury 1870.64 1494.97 1870.64 1494.97 1480.63
  ii) Corporate/Wholesale Banking 2507.81 1961.91 2507.81 1961.91 2153.04
  iii) Retail Banking 1330.34 1172.51 1330.34 1172.51 1108.53
  iv) Other Banking Business 0.00 0.00 0.00 0 0
  vi) Unallocated Assets 1113.27 1089.77 1113.27 1089.77 1109.75
  Total Capital
Employed		 6822.07 5719.16 6822.07 5719.16 5851.95
PART -  B     Geographic Segment   For the quarter ended 31.12.09 For the quarter ended 31.12.08 Nine
Months
ended
31-12-2009		 Nine
Months
ended
31-12-2008		 Year
ended
31-03-2009
(Audited)
a. Revenue          
  i. Domestic 2436.75 2302.29 7240.76 6124.98 8490.89
  ii. International 10.53 4.16 35.74 8.30 15.76
  iii. Total 2447.28 2306.45 7276.50 6133.28 8506.65
b. Assets          
  i. Domestic 108016.66 87800.02 108016.66 87800.02 96508.61
  ii. International 1675.62 236.48 1675.62 236.48 1139.40
  iii. Total 109692.28 88036.50 109692.28 88036.50 97648.01

 

DIRECTORS

(J. P. Dua)
Chairman & Managing Director

(D.Sarkar)
Executive Director

(D K Kapila)
Director

(A. B. Bhattacharjee)
General Manager
(Finance & Accounts)

(S.L.Jain)
Assistant General Manager
(Finanace & Accounts)

In terms of our review report of even date
For  M/S. Venkat & Rangaa.
Chartered Accountants		 For  Sudit K. Parekh & Co.
Chartered Accountants		 For  P. A. & Associates
Chartered Accountants
(S. Manisekaran)
Partner
Membership No. - 026400		 (D. S. Khatri)
Partner
Membership No. - 016316		 (D.K.Agarwalla)
Partner
Membership No. - 055420
For  M/S. M. R. Narain & Co.
Chartered Accountants		 For M/S. S. Ghose & Co.
Chartered Accountants		 For M/S. K. M. Agarwal & Co.
Chartered Accountants
(M. N. Venkatesan)
Partner
Membership No. - 022993 		(BITOL K.SARKAR)
Partner
Membership No. - 015774 		(C. P. Mishra)
Partner
Membership No. - 073009
     
Place : Kolkata
Date : 22nd January, 2010

  top
 
 
About Us : Policies & Guidelines : Network : Press Corner
Products : Other Services : Interest Rates : International Banking : Investor Relations
Tenders : Internet Banking : Bancassurance : Contact Us : Feedback : Disclaimer
Sitemap : Home : Whats New : Frequently Asked Questions