2009-10 वित्‍तीय रिपोर्ट

Unaudited Financial Results for the Quarter / Nine Months ended 31st December 2010

Notes forming part of the Unaudited financial results for the Quarter/ Nine Months ended 31st December, 2010

• The above financial results have been reviewed by the Audit Committee and approved by the Board of Directors at their meetings held on 28th January, 2011. The same have been subjected to a limited review by the Statutory Central Auditors of the Bank, in line with the guidelines issued by the Reserve Bank of India and as per the requirements of the Listing Agreements with the Stock Exchanges.
• There is no change in the Accounting Policies during the quarter/Nine months ended 31st December, 2010 as compared to the policies adopted in the immediately preceding financial year .
• Reconciliation / balancing of debit and credit outstanding entries in various heads of accounts, included in Inter Office Adjustments, NOSTRO, Drafts / TTs payable, Clearing Adjustments, Dividend/ Interest/ Refund Orders Paid/ Payable, Other liabilities on account of foreign currency translation etc is in progress. The impact, if any, on the financial results though not quantified, in the opinion of the management will not be material.
• As per Accounting Standard (AS) 15 (Revised) "Employee Benefits" issued by the Institute of Chartered Accountants of India and based on actuarial valuation, transitional liability as at 31st March, 2007 was calculated at Rs.901 crores out of which a proportionate sum of Rs.45.05 crores has been charged to the Profit and Loss Account during the quarter. The balance amount of Rs.225.25 crores will be charged proportionately by the end of 31st March, 2012.
• The financial results for the Nine Months ended 31st December, 2010 have been arrived at after considering provision for Non Performing Assets, Standard Assets and depreciation/provision for Investments on the basis of prudential norms issued by RBI. Further, the Bank has made an additional ad-hoc provision of Rs.320.08 crores (including Rs.66.07 crores for the current quarter) in certain non-performing Domestic Advance Accounts.
  • Provision for taxes, employee benefits and other provisions for contingencies have been considered on estimated basis.
  • Pending issuance of guidelines by the Regulators in respect of accounting of retirement benefit liability of new pension optees, the Bank is charging the said estimated liability over a period of five years from financial year 2010–11, in line with the past accounting practice. Accordingly, the Bank has proportionately provided Rs.309.56 crores for the nine months ended (including Rs.177.57 crores for the current quarter) 31st December, 2010.
• Auditors qualification for the year ended 31st March, 2010 have been dealt with as per Note No. 3 above.
• Status of Investor's complaints :
  • Pending at the beginning of the quarter Nil
  • Received during the quarter 122
  • Disposed off during the quarter 122
  • Pending at the close of the quarter Nil
• Statements of Assets & Liabilities is as under:-

Capital & Liabilities

Assets

The figures of previous period(s) have been regrouped / rearranged wherever necessary so as to make them comparable with those of the current period(s).

Segment Reporting For The Quarter / Nine Months Ended 31st December, 2010

Part A - Business Segments

Segment Revenue

Segment Results

Capital Employed

Part B - Geographic Segments

Revenue

Assets

Notes on Segment Reporting:

• As per guidelines of RBI on compliance with Accounting Standards, Bank has adopted "Treasury Operations", Wholesale, Retail and "Other Banking Operations" as Primary business segments and "Domestic" and "International" as secondary / geographic segments for the purpose of compliance with AS-17 on Segment Reporting issued by ICAI.
• Segment revenue represents revenue from external customers.
• In determining the segment results, the funds transfer price mechanism followed by the bank has been used.
• Capital employed for each segment has been allocated proportionate to the assets of the segment.

Unaudited Financial Results for the Quarter ended 30th June 2010

Notes forming part of the financial results for the quarter/ half-year Ended 30th September, 2010

• The above financial results have been approved by the Board of Directors at its meeting held on 28th October, 2010 and have been subjected to limited review by the Statutory Central Auditors, in terms of the Listing Agreements.
• There is no change in the Accounting Policies during the quarter/half year ended 30th September, 2010 as compared to the policies adopted in the immediately preceding financial year .
• Reconciliation / balancing of debit and credit outstanding entries in various heads of accounts, included in Inter Office Adjustments, NOSTRO, Drafts / TTs payable, Clearing Adjustments, Dividend/ Interest/ Refund Orders Paid/ Payable, Other liabilities on account of foreign currency translation etc is in progress. The impact, if any, on the financial results though not quantified, in the opinion of the management will not be material.
• The financial results for the half year ended 30th September, 2010 have been arrived at after considering provision for Non Performing Assets, Standard Assets and depreciation/provision for Investments on the basis of prudential norms issued by RBI. Further, the Bank has made an additional ad-hoc provision of Rs. 254.01 crs (including Rs.100.36 crs for the current quarter) in certain non-performing Domestic Advance Accounts.
• Provision for taxes, employee benefits and other provisions for contingencies have been considered on estimated basis. Liability on account of pension in respect of the new pension optees will be considered on closure of the scheme.
• As per the Revised Accounting Standard (AS) 15 on "Employee Benefits" issued by the Institute of Chartered Accountants of India and based on actuarial valuation, transitional liability as at March 31, 2007 has been arrived at Rs.901 crs out of which a proportionate sum of Rs. 45.05 crs has been charged to the Profit and Loss Account during the quarter. The balance amount of Rs. 270.30 crs will be charged proportionately by the end of 31st March 2012.
• During the quarter, the bank has raised Innovative Prepetual Debt Instrument Bonds amounting to Rs.711.50 crs and Tier-II Bonds of Rs. 500 crs.
• Status of Investor's complaints :
  • Pending at the beginning of the quarter Nil
  • Received during the quarter 108
  • Disposed off during the quarter 108
  • Pending at the close of the quarter Nil
• The figures of previous period(s) have been regrouped / rearranged wherever necessary so as to make them comparable with those of the current period(s).

Segment Reporting For The Quarter/half Year Ended 30th September, 2010

Part A: Business Segments

Segment Revenue

Segment Results

Capital Employed

Part- B : Geographic Segments

Revenue

Assets

Notes on Segment Reporting:

• As per guidelines of RBI on compliance with Accounting Standards, Bank has adopted "Treasury Operations", Wholesale, ", Retail and "Other Banking Operations" as Primary business segments and "Domestic" and "International" "Domestic" and "International" as secondary / geographic segments for the purpose of compliance with AS-17 on Segment Reporting issued by ICAI.
• In determining the segment results, the funds transfer price mechanism followed by the bank has been used.
• Segment revenue represents revenue from external customers.
• Capital employed for each segment has been allocated proportionate to the assets of the segment.

Statement Of Assets & Liabilities

Capital & Liabilities

Assets

Unaudited Financial Results for the Quarter ended 30th June 2010

Notes forming part of the financial results for the Quarter Ended 30.06.2010

• The above financial results have been approved by the Board at its meeting held on 29/07/2010. The same have been subjected to limited review by the Statutory Central Auditors, as per the Listing Agreements.
• There has been no change in the Accounting Policies adopted during the quarter ended 30.06.2010 as compared to those followed in the preceding financial year 2009-10.
• Reconciliation / balancing of debit and credit outstanding entries in various heads of accounts, included in Inter Office Adjustments, NOSTRO, Drafts / TTs payable, Clearing Adjustments, Dividend/ Interest/ Refund Orders Paid / Payable, other liabilities on account of foreign currency translation etc is in progress. The impact, if any, on the financial results though not quantified, in the opinion of the management will not be material.
• The financial results for the quarter ended 30.06.2010 have been arrived at after considering provision for NPAs, Standard Assets and depreciation/provision for Investments on the basis of prudential norms issued by RBI. Further, During the quarter the bank has made an additional provision of Rs.153.65 crores in certain identified Non Performing domestic Advance accounts.
• Provision for taxes (including Deferred tax and Wealth tax) and Provision for contingencies including for employee benefits have been considered on estimated basis. Liability on account of pension contribution of the new pension optees will be considered on crystilization there of.
• A sum of Rs.45.05 crores has been charged to Profit and Loss A/c during the quarter, on proportionate basis of the Transitional liability of Rs.901 crores upto 31.03.2007, as per the Revised Accounting Standard (AS) 15 on Employee Benefits issued by the Institute of Chartered Accountants of India based on actuarial valuation. The balance amount of Rs.315.35 crores is to be charged proportionately by the end of March 2012.
• In terms of Agriculture debt waiver and relief Scheme 2008, framed by the Govt. of India, the bank has received Rs.329.94 crores upto 30th June 2010 from RBI against final claim of Rs.505.19 crores as certified by the Statutory Central Auditors of the Bank under Debt Waiver Scheme.
• During the quarter, the bank has raised Upper Tier II Bonds amounting to Rs. 1000 crs.
• Auditors qualifications for the year ended 31st March 2010 have been dealt with as per Note no.3 above.
• Status of Investor's complaints :
  • Pending at the beginning of the quarter Nil
  • Received during the quarter 116
  • Disposed off during the quarter 116
  • Pending at the close of the quarter Nil
• The figures of previous period have been regrouped / rearranged wherever necessary so as to make them comparable with those of the current period.

Segment Reporting For The Quarter Ended 30th June, 2010

Part A: Business Segments

Segment Revenue

Segment Results

Capital Employed

Part- B : Geographic Segments

Revenue

Assets

Notes on Segment Reporting:

• As per guidelines of RBI on compliance with Accounting Standards, Bank has adopted "Treasury Operations", Wholesale, ", Retail and "Other Banking Operations" as Primary business segments and "Domestic" and "International" "Domestic" and "International" as secondary / geographic segments for the purpose of compliance with AS-17 on Segment Reporting issued by ICAI.
• In determining the segment results, the funds transfer price mechanism followed by the bank has been used.
• Segment revenue represents revenue from external customers.
• Capital employed for each segment has been allocated proportionate to the assets of the segment.

Unaudited Financial Results for the Quarter / Full Year ended 31st March 2010

Notes forming part of the financial results for the Quarter /Full Year Ended 31.03.2010

• The above financial results have been approved by the Board at its meeting held on 28.04.2010. The same has been subjected to Audit by the Statutory Central Auditors.
• There has been no change in the Accounting Policies adopted during the quarter/ Full Year ended 31.03.2010 as compared to those followed in the preceeding financial year 2008-09.
• Reconciliation / balancing of debit and credit outstanding entries in various heads of accounts, included in Inter Office Adjustments, NOSTRO, Drafts / TTs payable, Clearing Adjustments, Dividend/ Interest/ Refund Orders Paid / Payable, other liabilities on account of foreign currency translation etc is in progress. The impact, if any, on the financial results though not quantified, in the opinion of the management will not be material.
• The Authorised capital of the bank stands increased from Rs.1500 crs. to Rs.3000 crs. as per notification No.S.O.3123 published in the Official Gazette dated 21.11.2009.
• The financial results for the quarter ended 31.03.2010 have been arrived at after considering provision for NPAs, Standard Assets and depreciation/provision for Investments on the basis of prudential norms isued by RBI, provision for taxes and other necessary provisions.
• A sum of Rs.45.05 crores has been charged to Profit and Loss A/c during the quarter, on proportionate basis of the Transitional liability of Rs.901crores upto 31.03.2007, at the time of first adoption of Revised Accounting Standard (AS) 15 on Employee Benefits. The balance amount of Rs.360.40 crores is to be charged proportionately by the end of March 2012.
• The eighth Bipartite settlement entered into by IBA on behalf of the member banks with All India Unions of workmen / officers expired on 31st October 2007. Pending execution of new agreement, a provision of Rs. 725 crores has been made on estimated basis upto Mar-10, of which Rs.75 crores is made during the quarter ended Mar-10 and Rs.300 crs. during the Year ended March 2010
• As per the RBI circular DBOD.No.BP.BC.82/21.04.048/2009-10 dated 30-03-2010, the last date for payment of 75% of the overdue portion of the other farmers under Agriculture debt waiver and Debt relief scheme 2008 has been extended from 31-12-2009 to 30-06-2010 and the banks are allowed to treat such accounts as standard assets. However, as a prudent measure, bank has continued to classify such accounts amounting to Rs.205.39 crs as NPA.
• Exceptional items Rs. 81.45 crs represents profit on sale of 6.5% holding in UTI AMC Co. Ltd & UTI Trustee Co. Pvt Ltd during the year.
• During the year the bank has raised capital of Rs.900 crores by way Innovative Perpetual Debt Instruments and Rs.1000 crores by way of Upper Tier II Bonds. The bank has also redeemed Tier II bonds of Rs.320 crores during the year.
• The Board has recommended a dividend of Rs.15/- per share (on facevalue of Rs.10/- per share) for the year 2009-10, subject to approval by members.
• Auditors qualifications for the year ended 31st March 2009 have been dealt with as per Note no.3 above.
• Status of Investor's complaints :
  • Pending at the beginning of the quarter : NIL
  • Received during the quarter : 61
  • Disposed off during the quarter : 61
  • Pending at the close of the quarter : NIL
• The figures of previous period have been regrouped / rearranged wherever necessary to correspond to current period classification.

Segment Reporting For The Quarter / Full Year Ended 31st March, 2010

Part A: Business Segments

Segment Revenue

Segment Results

Capital Employed

#Total revenue of "Other Banking Operations" is exclusive of inter segment revenue which is Rs.339989 lacs for the QE Dec-09 (Rs.293800 lacs for QE Dec-08).

Part- B : Geographic Segments

Revenue

Assets

Notes on Segment Reporting:

• As per guidelines of RBI on compliance with Accounting Standards, Bank has adopted "Treasury Operations", Wholesale, ", Retail and "Other Banking Operations" as Primary business segments and "Domestic" and "International" "Domestic" and "International" as secondary / geographic segments for the purpose of compliance with AS-17 on Segment Reporting issued by ICAI.
• In determining the segment results, the funds transfer price mechanism followed by the bank has been used.
• Segment revenue represents revenue from external customers.
• Capital employed for each segment has been allocated proportionate to the assets of the segment.