2010-11 वित्तीय रिपोर्ट
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Unaudited Financial Results for the Quarter/ Half year ended 30th September, 2011
| Sr. No. | Particulars | Quarter Ended 31.12.2011 Reviewed | Quarter Ended 30.09.2011 Reviewed | Quarter Ended 31.12.2010 Reviewed | Nine Months Ended 31.12.2011 Reviewed | Nine Months Ended 31.12.2010 Reviewed | Year Ended 31.03.2011 Audited | |
|---|---|---|---|---|---|---|---|---|
| 1 | Interest earned (a)+(b)+(c)+(d) | 76,71,99 | 72,51,44 | 56,66,15 | 215,55,20 | 155,51,77 | 218,85,92 | |
| (a) | Interest /discount on advances/bills | 57,35,95 | 54,82,35 | 42,12,20 | 162,95,53 | 116,16,24 | 162,03,47 | |
| (b) | Income on investments | 16,46,16 | 15,46,14 | 12,77,40 | 45,44,75 | 34,56,38 | 47,74,78 | |
| (c) | Interest on balances with Reserve Bank of India and other inter bank funds | 2,33,82 | 2,07,92 | 1,14,63 | 6,04,50 | 3,41,19 | 4,74,79 | |
| (d) | Others | 56,06 | 15,03 | 61,92 | 1,10,42 | 1,37,96 | 4,32,88 | |
| 2 | Other Income | 11,49,33 | 7,34,34 | 6,76,15 | 25,24,54 | 19,74,69 | 28,09,18 | |
| 3 | Total Income (1 + 2) | 88,21,32 | 79,85,78 | 63,42,30 | 240,79,74 | 175,26,46 | 246,95,10 | |
| 4 | Interest Expended | 50,16,48 | 46,84,53 | 33,73,89 | 140,35,59 | 93,63,38 | 130,83,66 | |
| 5 | Operating Expenses (a) + (b) | 11,96,65 | 11,61,28 | 11,17,21 | 34,64,71 | 31,27,27 | 46,29,83 | |
| (a) | Employees cost | 6,74,03 | 6,46,61 | 6,94,18 | 19,66,02 | 19,27,07 | 29,16,78 | |
| (b) | Other operating expenses | 5,22,62 | 5,14,67 | 4,23,03 | 14,98,69 | 12,00,20 | 17,13,05 | |
| 6 | Total Expenditure (4+5) excluding provisions and contingencies | 62,13,13 | 58,45,81 | 44,91,10 | 175,00,30 | 124,90,65 | 177,13,49 | |
| 7 | Operating Profit before Provisions and Contigencies (3-6) | 26,08,19 | 21,39,97 | 18,51,20 | 65,79,44 | 50,35,81 | 69,81,61 | |
| 8 | Provisions (other than tax) and Contingencies | 8,36,74 | 4,83,35 | 3,04,06 | 17,11,14 | 7,40,88 | 13,31,29 | |
| 9 | Exceptional Items (Refer Note no. 7) | 13,00 | 13,00 | - | 39,01 | - | - | |
| 10 | Profit (+)/Loss (-) from Ordinary Activities before tax (7-8-9) | 17,58,45 | 16,43,62 | 15,47,14 | 48,29,29 | 42,94,93 | 56,50,32 | |
| 11 | Tax expenses | 4,68,60 | 4,77,54 | 4,78,26 | 13,40,51 | 13,47,59 | 14,08,64 | |
| 12 | Net Profit (+) / Loss (-) from Ordinary Activities after tax (10-11) | 12,89,85 | 11,66,08 | 10,68,88 | 34,88,78 | 29,47,34 | 42,41,68 | |
| 13 | Extraordinary items (net of tax expenses) | - | - | - | - | - | - | |
| 14 | Net Profit (+) / Loss (-) for the period (12-13) | 12,89,85 | 11,66,08 | 10,68,88 | 34,88,78 | 29,47,34 | 42,41,68 | |
| 15 | Paid-up equity share capital (Face Value of Rs.10 each) | 3,92,81 | 3,92,81 | 3,65,53 | 3,92,81 | 3,65,53 | 3,92,81 | |
| 16 | Reserve excluding Revaluation Reserve (as per balance sheet of previous accounting year) | 193,57,82 | 193,57,82 | 134,19,61 | 193,57,82 | 134,19,61 | 193,57,82 | |
| 17 | Analytical Ratios | |||||||
| i) | Percentage of shares held by Government of India | 57.03 | 57.03 | 53.81 | 57.03 | 53.81 | 57.03 | |
| ii) | Capital Adequacy Ratio (%) | 13.45 | 12.73 | 12.45 | 13.45 | 12.45 | 14.52 | |
| iii) | Earnings Per Share | |||||||
| Basic and diluted EPS before and after Extraordinary items, net of tax expenses (not annualized) [ in Rs.] | 32.94 | 29.78 | 29.34 | 89.10 | 80.91 | 116.37 | ||
| iv) | NPA Ratios | |||||||
| (a) | Gross NPA | 38,95,08 | 34,02,10 | 27,70,25 | 38,95,08 | 27,70,25 | 31,52,50 | |
| Net NPA | 13,25,27 | 11,18,58 | 7,44,24 | 13,25,27 | 7,44,24 | 7,90,88 | ||
| (b) | % of Gross NPA | 1.48 | 1.41 | 1.32 | 1.48 | 1.32 | 1.36 | |
| % of Net NPA | 0.51 | 0.47 | 0.36 | 0.51 | 0.36 | 0.35 | ||
| v) | Return on Assets (annualized) % | 1.29 | 1.23 | 1.34 | 1.21 | 1.30 | 1.33 | |
| 18 | Public Shareholding | |||||||
| - | No. of shares | 16826,65,00 | 16826,65,00 | 16826,65,00 | 16826,65,00 | 16826,65,00 | 16826,65,00 | |
| - | Percentage of shareholding | 42.97 | 42.97 | 46.19 | 42.97 | 46.19 | 42.97 | |
| 19 | Promoters and promoter group Shareholding | 22327,95,79 | 22327,95,79 | 19600,00,00 | 22327,95,79 | 19600,00,00 | 22327,95,79 | |
| (a) | Pledged/Encumbered | |||||||
| - | Number of shares | -- | -- | -- | -- | -- | -- | |
| - | Percentage of shares (as a % of the total shareholding of promoter and promoter group) | -- | -- | -- | -- | -- | -- | |
| - | Percentage of share (as a % of the total share capital of the company) | -- | -- | -- | -- | -- | -- | |
| (b) | Non-encumbered | |||||||
| - | Number of shares | 22327,95,79 | 22327,95,79 | 19600,00,00 | 22327,95,79 | 19600,00,00 | 22327,95,79 | |
| - | Percentage of shares (as a % of the total shareholding of promoter and promoter group) | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | |
| - | Percentage of share (as a % of the total share capital of the company) | 57.03 | 57.03 | 53.81 | 57.03 | 53.81 | 57.03 |
Notes forming part of the Unaudited financial results for the quarter/ nine months ended 31st December,2011
- The above financial results have been reviewed by the Audit Committee and approved by the Board of Directors in their meeting held on 25th January, 2012. The same have been subjected to limited review by the Statutory Central Auditors of the Bank, in line with the guidelines issued by the Reserve Bank of India (RBI) and as per the requirements of the Listing Agreements with the Stock Exchanges.
- There has been no change in the Accounting Policies adopted during the quarter/ nine months ended 31st December, 2011 as compared to those followed in the preceding financial year 2010-11.
- In accordance with the Accounting Standard (AS) 15 (Revised) "Employee Benefits" issued by the Institute of Chartered Accountants of India and based on actuarial valuation, out of transitional liability as at 31st March, 2007 aggregating to Rs. 901.00 crores a proportionate sum of Rs. 45.05 crores has been charged to the Profit and Loss Account during the quarter (Rs. 135.15 crores for the nine months). The unrecognized amount of Rs. 45.05 crores will be charged by the end of 31st March, 2012.
- Provision for taxes, employee benefits and other provisions for contingencies have been considered on estimated basis.
- In accordance with RBI circular no. DBOD.BP.BC.80/21.04.018/2010-11 dated 9th February, 2011, out of the additional pension fund liability as on 31st March, 2011 of Rs. 1829.90 crores towards serving employees who exercised option for pension, a proportionate sum of Rs. 91.50 crores has been charged to the Profit and Loss Account during the quarter(Rs. 274.50 crores for Nine months). The unamortized pension fund liability of Rs. 1189.43 crores will be charged proportionately in accordance with the directions contained in the said circular.
- The financial results for the quarter/ nine months ended 31st December, 2011 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. The Bank has made provision @ 20% on the Secured Sub-standard Advance as against the Regulatory requirement of 15% resulting in additional provision of Rs. 78.26 crores.
- The Bank has taken over specified Assets & Liabilities of The Memon Co-operative Bank Ltd on 18th April, 2011 as per approval granted by RBI vide letter no. UBD.CO.MEROER No. 7814/09.16.901/2010.11 dated 04th March, 2011. Out of the deficit of Rs. 156.06 crores on account of the said take over, the Bank has proportionately charged a sum of Rs. 13.00 crores being 1/12th of the said deficit to the Profit and Loss Account during the quarter (Rs. 39.01 crores for nine months). The balance amount of Rs. 117.05 crores will be charged proportionately during the remaining period till Financial Year 2013-14, as approved by RBI vide letter no. DBOD.No.BP.1311/21.04.048/2010-11 dated 25th July, 2011.
- Non Performing Loan Provisioning Coverage Ratio(including technical write off) is 80.51 % as on 31st December, 2011.
- Details of Investor's complaints for the quarter ended 31st December, 2011: Pending at Beginning - Nil; Received - 101; Disposed off - 101; Closing - Nil
- Statements of Assets & Liabilities is as under:-
Capital & Liabilities
| Title | As on 31.12.2011 Reviewed | As on 31.12.2010 Reviewed |
|---|---|---|
| Capital | 3,92,81 | 3,65,53 |
| Reserves and Surplus | 249,63,46 | 176,35,87 |
| Deposits | 3492,05,91 | 2815,11,91 |
| Borrowings | 246,36,59 | 188,15,74 |
| Other Liabilities and Provisions | 121,90,58 | 90,92,73 |
| Total | 4113,89,35 | 3274,21,78 |
Assets
| Title | As on 31.12.2011 Reviewed | As on 31.12.2010 Reviewed |
|---|---|---|
| Cash and Balances with Reserve Bank of India | 177,93,28 | 154,23,79 |
| Balances with Banks and Money at Call and Short Notice | 390,93,28 | 255,23,19 |
| Investments | 838,05,45 | 719,70,43 |
| Advances | 2606,60,61 | 2072,08,77 |
| Fixed Assets | 23,04,17 | 22,68,85 |
| Other Assets | 77,32,56 | 50,26,75 |
| Total | 4113,89,35 | 3274,21,78 |
The figures of previous period/year have been regrouped / rearranged wherever necessary so as to make them comparable with those of the current period.
Segment Reporting For The Quarter /full Year Ended 30st December, 2011
Part A - Business Segments
Segment Revenue
| Particulars | Quarter Ended 31.12.2011 Reviewed | Quarter Ended 30.09.2011 Reviewed | Quarter Ended 31.12.2010 Reviewed | Nine Months Ended 31.12.2011 Reviewed | Nine Months Ended 31.12.2010 Reviewed | Year Ended Ended 31.03.2011 Audited |
|---|---|---|---|---|---|---|
| Treasury Operations | 22,06,90 | 16,77,71 | 14,77,40 | 54,05,03 | 40,73,84 | 55,97,84 |
| Wholesale Banking | 33,98,66 | 32,45,51 | 26,05,32 | 96,63,64 | 69,71,68 | 98,40,82 |
| Retail Banking | 21,23,34 | 21,20,12 | 15,03,06 | 61,07,41 | 43,02,13 | 59,83,40 |
| Other Banking Operations | 10,92,42 | 9,42,44 | 7,56,52 | 29,03,66 | 21,78,81 | 32,73,04 |
| Total Revenue | 88,21,32 | 79,85,78 | 63,42,30 | 240,79,74 | 175,26,46 | 246,95,10 |
Segment Results
| Particulars | Quarter Ended 31.12.2011 Reviewed | Quarter Ended 30.09.2011 Reviewed | Quarter Ended 31.12.2010 Reviewed | Nine Months Ended 31.12.2011 Reviewed | Nine Months Ended 31.12.2010 Reviewed | Year Ended Ended 31.03.2011 Audited |
|---|---|---|---|---|---|---|
| Treasury Operations | 3,73,13 | (44,06) | 2,27,96 | 3,39,25 | 7,18,98 | 8,82,51 |
| Wholesale Banking | 4,58,98 | 5,57,37 | 5,66,61 | 17,40,68 | 13,27,73 | 15,25,49 |
| Retail Banking | 5,20,94 | 6,23,22 | 4,87,92 | 18,47,85 | 13,16,05 | 15,17,89 |
| Other Banking Operations | 8,24,55 | 8,80,89 | 9,06,69 | 20,38,98 | 18,43,03 | 27,50,61 |
| Total | 21,77,60 | 20,17,42 | 21,89,18 | 59,66,76 | 52,05,79 | 66,76,50 |
| Unallocated expenditure | 4,19,15 | 3,73,80 | 6,42,04 | 11,37,47 | 9,10,86 | 10,26,18 |
| Profit before Tax | 17,58,45 | 16,43,62 | 15,47,14 | 48,29,29 | 42,94,93 | 56,50,32 |
| Provision for Tax | 4,68,60 | 4,77,54 | 4,78,26 | 13,40,51 | 13,47,59 | 14,08,64 |
| Net Profit | 12,89,85 | 11,66,08 | 10,68,88 | 34,88,78 | 29,47,34 | 42,41,68 |
Capital Employed
| Particulars | Quarter Ended 31.12.2011 Reviewed | Quarter Ended 30.09.2011 Reviewed | Quarter Ended 31.12.2010 Reviewed | Nine Months Ended 31.12.2011 Reviewed | Nine Months Ended 31.12.2010 Reviewed | Year Ended Ended 31.03.2011 Audited |
|---|---|---|---|---|---|---|
| Treasury Operations | 62,87,37 | 64,12,06 | 46,06,16 | 62,87,37 | 46,06,16 | 50,34,42 |
| Wholesale Banking | 74,94,35 | 68,71,96 | 55,74,30 | 74,94,35 | 55,74,30 | 68,16,69 |
| Retail Banking | 36,99,49 | 35,19,37 | 28,32,39 | 36,99,49 | 28,32,39 | 31,60,36 |
| Other Banking Operations | 76,22,91 | 65,77,81 | 48,02,17 | 76,22,91 | 48,02,17 | 58,11,74 |
| Unallocated | 2,52,15 | 2,66,18 | 1,86,38 | 2,52,15 | 1,86,38 | 1,69,90 |
| Total Capital Employed | 253,56,27 | 236,47,38 | 180,01,40 | 253,56,27 | 180,01,40 | 209,93,11 |
Part B - Geographic Segments
| Particulars | Quarter Ended 31.12.2011 Reviewed | Quarter Ended 30.09.2011 Reviewed | Quarter Ended 31.12.2010 Reviewed | Months Ended 31.12.2011 Reviewed | Months Ended 31.12.2010 Reviewed | Year Ended 31.03.2011 Audited |
|---|---|---|---|---|---|---|
| Revenue | ||||||
| Domestic | 77,15,12 | 70,37,04 | 56,00,27 | 211,82,57 | 153,98,55 | 217,43,87 |
| International | 11,06,20 | 9,48,74 | 7,42,03 | 28,97,17 | 21,27,91 | 29,51,23 |
| Total | 88,21,32 | 79,85,78 | 63,42,30 | 240,79,74 | 175,26,46 | 246,95,10 |
| Assets | ||||||
| Domestic | 2916,59,44 | 2822,56,18 | 2447,10,17 | 2916,59,44 | 2447,10,17 | 2676,29,47 |
| International | 1197,29,91 | 1050,31,10 | 827,11,61 | 1197,29,91 | 827,11,61 | 907,67,70 |
| Total | 4113,89,35 | 3872,87,28 | 3274,21,78 | 4113,89,35 | 3274,21,78 | 3583,97,17 |
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.
- Results, Revenue and Capital Employeed of other banking operations includes figures relating to International operations
| N. S. Srinath Executive Director |
R. K. Bakshi Executive Director |
M. D. Mallya Chairman & Managing Director |
Place : Mumbai
Date : 25.01.2012
Unaudited Financial Results for the Quarter/ Half year ended 30th September, 2011
| Sr. No. | Particulars | Quarter Ended 30.09.2011 - Reviewed | Quarter Ended 30.09.2010 - Reviewed | Half Year Ended 30.09.2011 - Reviewed | Half Year Ended 30.09.2010 - Reviewed | Year Ended 31.03.2011 - Audited | |
|---|---|---|---|---|---|---|---|
| 1 | Interest earned (a)+(b)+(c)+(d) | 725144 | 515866 | 1388321 | 988562 | 2188592 | |
| (a) | Interest /discount on advances/bills | 548235 | 383828 | 1055958 | 740404 | 1620347 | |
| (b) | Income on investments | 154614 | 115654 | 289859 | 217898 | 477478 | |
| (c) | Interest on balances with Reserve Bank of India and other inter bank funds | 20792 | 12346 | 37068 | 22656 | 47479 | |
| (d) | Others | 1503 | 4038 | 5436 | 7604 | 43288 | |
| 2 | Other Income | 73434 | 68130 | 137521 | 129854 | 280918 | |
| 3 | Total Income (1 + 2) | 798578 | 583996 | 1525842 | 1118416 | 2469510 | |
| 4 | Interest Expended | 468453 | 312052 | 901911 | 598949 | 1308366 | |
| 5 | Operating Expenses (a) + (b) | 116128 | 106270 | 226806 | 201006 | 462983 | |
| (a) | Employees cost | 64661 | 65616 | 129199 | 123289 | 291678 | |
| (b) | Other operating expenses | 51467 | 40654 | 97607 | 77717 | 171305 | |
| 6 | Total Expenditure (4+5) excluding provisions and contingencies | 584581 | 418322 | 1128717 | 799955 | 1771349 | |
| 7 | Operating Profit before Provisions and Contigencies (3-6) | 213997 | 165674 | 397125 | 318461 | 698161 | |
| 8 | Provisions (other than tax) and Contingencies | 48335 | 18549 | 87440 | 43682 | 133129 | |
| 9 | Exceptional Items | 1300 | - | 2601 | - | - | |
| 10 | Profit (+)/Loss (-) from Ordinary Activities before tax (7-8-9) | 164362 | 147125 | 307084 | 274779 | 565032 | |
| 11 | Tax expenses | 47754 | 45195 | 87191 | 86933 | 140864 | |
| 12 | Net Profit (+) / Loss (-) from Ordinary Activities after tax (10-11) | 116608 | 101930 | 219893 | 187846 | 424168 | |
| 13 | Extraordinary items (net of tax expenses) | - | - | - | - | - | |
| 14 | Net Profit (+) / Loss (-) for the period (12-13) | 116608 | 101930 | 219893 | 187846 | 424168 | |
| 15 | Paid-up equity share capital (Face Value of Rs.10 each) | 39281 | 36553 | 39281 | 36553 | 39281 | |
| 16 | Reserve excluding Revaluation Reserve (as per balance sheet of previous accounting year) | 1935782 | 1341961 | 1935782 | 1341961 | 1935782 | |
| 17 | Analytical Ratios | ||||||
| i) | Percentage of shares held by Government of India | 57.03 | 53.81 | 57.03 | 53.81 | 57.03 | |
| ii) | Capital Adequacy Ratio (%) | 12.73 | 13.22 | 12.73 | 13.22 | 14.52 | |
| iii) | Earnings Per Share | ||||||
| Basic and diluted EPS before and after Extraordinary items, net of tax expenses (not annualized) [ in Rs.] | 29.78 | 27.98 | 56.16 | 51.57 | 116.37 | ||
| iv) | NPA Ratios | ||||||
| (a) | Gross NPA | 340210 | 271985 | 340210 | 271985 | 315250 | |
| Net NPA | 111858 | 73129 | 111858 | 73129 | 79088 | ||
| (b) | % of Gross NPA | 1.41 | 1.39 | 1.41 | 1.39 | 1.36 | |
| % of Net NPA | 0.47 | 0.38 | 0.47 | 0.38 | 0.35 | ||
| v) | Return on Assets (annualized) % | 1.23 | 1.34 | 1.18 | 1.27 | 1.33 | |
| 18 | Public Shareholding | ||||||
| - | No. of shares | 168266500 | 168266500 | 168266500 | 168266500 | 168266500 | |
| - | Percentage of shareholding | 42.97 | 46.19 | 42.97 | 46.19 | 42.97 | |
| 19 | Promoters and promoter group Shareholding | 223279579 | 196000000 | 223279579 | 196000000 | 223279579 | |
| (a) | Pledged/Encumbered | ||||||
| - | Number of shares | -- | -- | -- | -- | -- | |
| - | Percentage of shares (as a % of the total shareholding of promoter and promoter group) | -- | -- | -- | -- | -- | |
| - | Percentage of share (as a % of the total share capital of the company) | -- | -- | -- | -- | -- | |
| (b) | Non-encumbered | ||||||
| - | Number of shares | 223279579 | 196000000 | 223279579 | 196000000 | 223279579 | |
| - | Percentage of shares (as a % of the total shareholding of promoter and promoter group) | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | |
| - | Percentage of share (as a % of the total share capital of the company) | 57.03 | 53.81 | 57.03 | 53.81 | 57.03 |
Notes forming part of the Unaudited financial results for the Quarter/ Half year ended 30th September, 2011
- The above financial results have been reviewed by the Audit Committee and approved by the Board of Directors in their meetings held on 31st October, 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 (RBI) and as per the requirements of the Listing Agreements with the Stock Exchanges.
- There has been no change in the Accounting Policies adopted during the quarter/ half year ended 30th September, 2011 as compared to those followed in the preceding financial year 2010-11.
- In accordance with the Accounting Standard (AS) 15 (Revised) "Employee Benefits" issued by the Institute of Chartered Accountants of India and based on actuarial valuation, out of transitional liability as at 31st March 2007 aggregating to Rs. 901 crores a proportionate sum of Rs. 45.05 crores has been charged to the Profit and Loss Account during the quarter (Rs. 90.10 crores for the half year). The unrecognized amount of Rs. 90.10 crores will be charged proportionately by the end of 31st March 2012.
- Provision for taxes, employee benefits and other provisions for contingencies have been considered on estimate basis.
- In accordance with RBI circular no. DBOD.BP.BC.80/21.04.018/2010-11 dated 9th February 2011, out of the additional pension fund liability as on 31st March 2011 of Rs. 1829.90 crores towards serving employees who exercised option for pension, a proportionate sum of Rs.91.50 crores has been charged to the Profit and Loss Account during the quarter(Rs. 183 crores for the Half year). The unamortized pension fund liability of Rs. 1280.93 crores will be charged proportionately in accordance with the directions contained in the said circular.
- The financial results for the quarter/ half year ended 30th September, 2011 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.
- Bank has taken over specified Assets & Liabilities of The Memon Co-operative Bank Ltd on 18.04.2011 as per approval granted by RBI vide letter no. UBD.CO.MEROER No. 7814/09.16.901/2010.11 dated 04th March 2011. Out of the deficit of Rs.156.06 crores on account of the said take over, the bank has proportionately charged a sum of Rs.13 crores being 1/12th of the said deficit to the Profit & Loss Account during the quarter (Rs. 26 crores for the half year). The balance amount of Rs.130.06 crores will be charged proportionately during the remaining period till Financial Year 2013-14, as approved by RBI vide letter no. DBOD.No.BP.1311/21.04.048/2010-11 dated 25th July 2011.
- Non Performing Loan Provisioning Coverage Ratio(including technical write off) is 81.97% as on 30th September 2011.
- Details of Investor's complaints for the quarter ended 30th September, 2011: Pending at Beginning - Nil; Received - 135; Disposed off - 135; Closing - Nil
- Statements of Assets & Liabilities is as under:-
Capital & Liabilities
| Title | As on 30th September 2011 - Reviewed | As on 30th September 2010 - Reviewed |
|---|---|---|
| Capital | 3,92,81 | 3,65,53 |
| Reserves and Surplus | 232,54,57 | 165,86,22 |
| Deposits | 3291,85,35 | 2696,60,16 |
| Borrowings | 236,90,65 | 182,57,24 |
| Other Liabilities and Provisions | 107,63,90 | 80,12,94 |
| Total | 3872,87,28 | 3128,82,09 |
Assets
| Title | As on 30th September 2011 - Reviewed | As on 30th September 2010 - Reviewed |
|---|---|---|
| Cash and Balances with Reserve Bank of India | 180,10,97 | 179,82,00 |
| Balances with Banks and Money at Call and Short Notice | 327,61,31 | 277,71,81 |
| Investments | 883,40,32 | 661,94,26 |
| Advances | 2391,20,31 | 1929,58,56 |
| Fixed Assets | 23,09,81 | 22,93,39 |
| Other Assets | 67,44,56 | 56,82,07 |
| Total | 3872,87,28 | 3128,82,09 |
The figures of previous period/year have been regrouped / rearranged wherever necessary so as to make them comparable with those of the current period.
Segment Reporting For The Quarter /full Year Ended 30st September, 2011
Part A - Business Segments
Segment Revenue
| Particulars | Quarter Ended 30.09.2011 Reviewed | Quarter Ended 30.09.2010 Reviewed | Half Year Ended 30.09.2011 Reviewed | Half Year Ended 30.09.2010 Reviewed | Year Ended 31.03.2011 Audited |
|---|---|---|---|---|---|
| Treasury Operations | 167771 | 136611 | 319813 | 259644 | 559784 |
| Wholesale Banking | 324551 | 231266 | 626498 | 436636 | 984082 |
| Retail Banking | 212012 | 140993 | 398407 | 279907 | 598340 |
| Other Banking Operations | 94244 | 75126 | 181124 | 142229 | 327304 |
| Total Revenue | 798578 | 583996 | 1525842 | 1118416 | 2469510 |
Segment Results
| Particulars | Quarter Ended 30.09.2011 Reviewed | Quarter Ended 30.09.2010 Reviewed | Half Year Ended 30.09.2011 Reviewed | Half Year Ended 30.09.2010 Reviewed | Year Ended 31.03.2011 Audited |
|---|---|---|---|---|---|
| Treasury Operations | (4406) | 25356 | (3388) | 49102 | 88251 |
| Wholesale Banking | 55737 | 48795 | 128170 | 76112 | 152549 |
| Retail Banking | 62322 | 42092 | 132691 | 82812 | 151789 |
| Other Banking Operations | 88089 | 62698 | 121443 | 125012 | 275061 |
| Total | 201742 | 178941 | 378916 | 333038 | 667650 |
| Unallocated expenditure | 37380 | 31816 | 71832 | 58259 | 102618 |
| Profit before Tax | 164362 | 147125 | 307084 | 274779 | 565032 |
| Provision for Tax | 47754 | 45195 | 87191 | 86933 | 140864 |
| Net Profit | 116608 | 101930 | 219893 | 187846 | 424168 |
Capital Employed
| Particulars | Quarter Ended 30.09.2011 Reviewed | Quarter Ended 30.09.2010 Reviewed | Half Year Ended 30.09.2011 Reviewed | Half Year Ended 30.09.2010 Reviewed | Year Ended 31.03.2011 Audited |
|---|---|---|---|---|---|
| Treasury Operations | 641206 | 453232 | 641206 | 453232 | 503442 |
| Wholesale Banking | 687196 | 507147 | 687196 | 507147 | 681669 |
| Retail Banking | 351937 | 265267 | 351937 | 265267 | 316036 |
| Other Banking Operations | 660869 | 453726 | 660869 | 453726 | 583874 |
| Unallocated | 23530 | 15804 | 23530 | 15804 | 14290 |
| Total Capital Employed | 2364738 | 1695176 | 2364738 | 1695176 | 2099311 |
Part B - Geographic Segments
| Particulars | Quarter Ended 30.09.2011 Reviewed | Quarter Ended 30.09.2010 Reviewed | Half Year Ended 30.09.2011 Reviewed | Half Year Ended 30.09.2010 Reviewed | Year Ended 31.03.2011 Audited |
|---|---|---|---|---|---|
| Revenue | |||||
| Domestic | 703704 | 509840 | 1346745 | 979828 | 2174387 |
| International | 94874 | 74156 | 179097 | 138588 | 295123 |
| Total | 798578 | 583996 | 1525842 | 1118416 | 2469510 |
| Assets | |||||
| Domestic | 28225618 | 23321248 | 28225618 | 23321248 | 26762947 |
| International | 10503110 | 7966961 | 10503110 | 7966961 | 9076770 |
| Total | 38728728 | 31288209 | 38728728 | 31288209 | 35839717 |
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.
- Results, Revenue and Capital Employeed of other banking operations includes figures relating to International operations
| N. S. Srinath Executive Director |
R. K. Bakshi Executive Director |
M. D. Mallya Chairman & Managing Director |
Place : Mumbai
Date : 31.10.2011
Unaudited Financial Results for the Quarter ended 30 th June 2011
| Sr. No. | Particulars | Quarter Ended 30.06.2011 Reviewed | Quarter Ended 30.06.2010 Reviewed | Year Ended 31.03.2011 Audited | |
|---|---|---|---|---|---|
| 1 | Interest earned (a)+(b)+(c)+(d) | 663177 | 472696 | 2188592 | |
| (a) | Interest /disc.on advances/bills | 507723 | 356576 | 1620347 | |
| (b) | Income on investments | 135245 | 102244 | 477478 | |
| (c) | Interest on balances with Reserve Bank of India and other inter bank funds | 16276 | 10311 | 47479 | |
| (d) | Others | 3933 | 3565 | 43288 | |
| 2 | Other Income | 64087 | 61724 | 280918 | |
| 3 | Total Income (1 + 2) | 727264 | 534420 | 2469510 | |
| 4 | Interest Expended | 433458 | 286897 | 1308366 | |
| 5 | Operating Expenses (a) + (b) | 110678 | 94736 | 462983 | |
| (a) | Employees cost | 64538 | 57673 | 291678 | |
| (b) | Other operating expenses | 46140 | 37063 | 171305 | |
| 6 | Total Expenditure (4+5) excluding provisions and contingencies | 544136 | 381633 | 1771349 | |
| 7 | Operating Profit before Provisions and Contingencies (3-6) | 183128 | 152787 | 698161 | |
| 8 | Provisions (other than tax) and Contingencies | 39105 | 25133 | 133129 | |
| 9 | Exceptional Items (Refe Note No.7) | 1301 | - | - | |
| 10 | Profit (+)/Loss (-) from Ordinary Activities before tax (7-8-9) | 142722 | 127654 | 565032 | |
| 11 | Tax expenses | 39437 | 41738 | 140864 | |
| 12 | Net Profit (+) / Loss (-) from Ordinary Activities after tax (10-11) | 103285 | 85916 | 424168 | |
| 13 | Extraordinary items (net of tax expenses) | - | - | - | |
| 14 | Net Profit (+) / Loss (-) for the period (12-13) | 103285 | 85916 | 424168 | |
| 15 | Paid-up equity share capital (Face Value of Rs.10 each) | 39281 | 36553 | 39281 | |
| 16 | Reserve excluding Revaluation Reserve (as per balance sheet of previous accounting year) | 1935782 | 1341961 | 1935782 | |
| 17 | Analytical Ratios | ||||
| i) | Percentage of shares held by Government of India | 57.03 | 53.81 | 57.03 | |
| ii) | Capital Adequacy Ratio (%) | ||||
| As per Basel-I | 12.04 | 12.35 | 13.02 | ||
| As per Basel-II | 13.10 | 13.25 | 14.52 | ||
| iii) | Earnings Per Share | ||||
| Basic and diluted EPS before and after Extraordinary items, net of tax expenses (not annualized) [ in Rs.] | 26.38 | 23.59 | 116.37 | ||
| iv) | NPA Ratios | ||||
| a) | Gross NPA | 342546 | 265742 | 315250 | |
| Net NPA | 102442 | 71733 | 79088 | ||
| b) | % of Gross NPA | 1.46 | 1.41 | 1.36 | |
| % of Net NPA | 0.44 | 0.39 | 0.35 | ||
| v) | Return on Assets (annualized) % | 1.13 | 1.19 | 1.33 | |
| 18 | Public Shareholding | ||||
| - | No. of shares | 168266500 | 168266500 | 168266500 | |
| - | Percentage of shareholding | 42.97 | 46.19 | 42.97 | |
| 19 | Promoters and promoter group Shareholding | 223279579 | 196000000 | 223279579 | |
| (a) | Pledged/Encumbered | ||||
| - | Number of shares | -- | -- | -- | |
| - | Percentage of shares (as a % of the total shareholding of promoter and promoter group) | -- | -- | -- | |
| - | Percentage of share (as a % of the total share capital of the company) | -- | -- | -- | |
| b) | Non-encumbered | ||||
| - | Number of shares | 223279579 | 196000000 | 223279579 | |
| - | Percentage of shares (as a % of the total shareholding of promoter and promoter group) | 100.00 | 100.00 | 100.00 | |
| - | Percentage of share (as a % of the total share capital of the company) | 57.03 | 53.81 | 57.03 |
Notes forming part of the Unaudited financial results for the Quarter ended 30th June, 2011
- The above financial results have been reviewed by the Audit Committee and approved by the Board of Directors in their meetings held on 27th July 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 (RBI) and as per the requirements of the Listing Agreements with the Stock Exchanges.
- There has been no change in the Accounting Policies adopted during the quarter ended 30th June 2011 as compared to those followed in the preceding financial year 2010-11.
- In accordance with the Accounting Standard (AS) 15 (Revised) "Employee Benefits" issued by the Institute of Chartered Accountants of India and based on actuarial valuation, out of transitional liability as at 31st March 2007 aggregating to Rs. 901 crores a proportionate sum of Rs. 45.05 crores has been charged to the Profit and Loss Account during the quarter. The unrecognized amount of Rs. 135.15 crores will be charged proportionately by the end of 31st March 2012.
- Provision for taxes, employee benefits and other provisions for contingencies have been considered on estimate basis.
- In accordance with RBI circular no. DBOD.BP.BC.80/21.04.018/2010-11 dated 9th February 2011, out of the additional pension fund liability as on 31st March 2011 of Rs. 1829.90 crores towards serving employees who exercised second option, a proportionate sum of Rs. 91.50 crores has been charged to the Profit and Loss Account during the quarter. The unamortized pension fund liability of Rs.1372.43 crores will be charged proportionately in accordance with the directions contained in the said circular.
- The financial results for the quarter ended 30th June 2011 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.
- During the quarter, the Bank has taken over specified Assets & Liabilities of The Memon Co-operative Bank Ltd as per approval granted by RBI vide letter no. UBD.CO.MEROER No. 7814/09.16.901/2010.11 dated 04th March 2011. Out of the deficit of Rs. 156.06 crores arising on said take over, the bank has proportionately charged a sum of Rs. 13 crores being 1/12th of the said deficit to the Profit & Loss Account during the quarter. The balance amount of Rs.143.06 crores will be charged proportionately during the remaining period till Financial Year 2013-14, as approved by RBI vide letter no. DBOD.No.BP.1311/21.04.048/2010-11 dated 25th July 2011.
- Non Performing Loan Provisioning Coverage Ratio(including technical write off) is 82.52% as on 30th June 2011.Corresponding Ratio as on March 2011 was 85.00%.
- Status of Investor's complaints :
- Pending at the beginning of the quarter : Nil
- Received during the quarter : 120
- Disposed off during the quarter : 120
- Pending at the close of the quarter : Nil
- Statement of Assets & Liabilities is as under:-
Capital & Liabilities
| Title | As on 30 th June 2011 - Reviewed | As on 30 th June 2010 - Not reviewed |
|---|---|---|
| Capital | 3,92,81 | 3,65,53 |
| Reserves and Surplus | 216,16,92 | 156,01,85 |
| Deposits | 3129,42,87 | 2546,67,78 |
| Borrowings | 225,44,35 | 172,41,05 |
| Other Liabilities and Provisions | 123,33,60 | 99,81,08 |
| Total | 3698,30,55 | 2978,57,29 |
Assets
| Title | As on 30 th June 2011 - Reviewed | As on 30 th June 2010 - Not reviewed |
|---|---|---|
| Cash and Balances with Reserve Bank of India | 159,55,97 | 148,67,83 |
| Balances with Banks and Money at Call and Short Notice | 295,83,08 | 244,75,89 |
| Investments | 827,27,85 | 661,43,86 |
| Advances | 2323,40,06 | 1855,94,56 |
| Fixed Assets | 23,12,61 | 23,18,61 |
| Other Assets | 69,10,98 | 44,56,54 |
| Total | 3698,30,55 | 2978,57,29 |
The figures of previous period/year have been regrouped / rearranged wherever necessary so as to make them comparable with those of the current period.
Segment Reporting For The Quarter /full Year Ended 30st June, 2011
Part A - Business Segments
Segment Revenue
| Particulars | Quarter Ended 30.06.11 Reviewed | Quarter Ended 30.06.10 Reviewed | Year Ended 31.03.11 Audited |
|---|---|---|---|
| Treasury Operations | 152042 | 123033 | 559784 |
| Wholesale Banking | 301947 | 205370 | 984082 |
| Retail Banking | 186395 | 138914 | 598340 |
| Other Banking Operations | 86880 | 67103 | 327304 |
| Total Revenue | 727264 | 534420 | 2469510 |
Segment Results
| Particulars | Quarter Ended 30.06.11 Reviewed | Quarter Ended 30.06.10 Reviewed | Year Ended 31.03.11 Audited |
|---|---|---|---|
| Treasury Operations | 1018 | 23746 | 88251 |
| Wholesale Banking | 72433 | 27317 | 152549 |
| Retail Banking | 70369 | 40720 | 151789 |
| Other Banking Operations | 33354 | 32003 | 275061 |
| Total | 177174 | 123786 | 667650 |
| Unallocated Expenditure | 34452 | -3868 | 102618 |
| Profit before Tax | 142722 | 127654 | 565032 |
| Provision for Tax | 39437 | 41738 | 140864 |
| Net Profit | 103285 | 85916 | 424168 |
Capital Employed
| Particulars | Quarter Ended 30.06.11 Reviewed | Quarter Ended 30.06.10 Reviewed | Year Ended 31.03.11 Audited |
|---|---|---|---|
| Treasury Operations | 575992 | 419029 | 503442 |
| Wholesale Banking | 683402 | 487950 | 681669 |
| Retail Banking | 325510 | 242400 | 316036 |
| Other Banking Operations | 589844 | 431405 | 583874 |
| Unallocated | 26225 | 15954 | 14290 |
| Total Capital Employed | 2200973 | 1596738 | 2099311 |
Part B - Geographic Segments
| Particulars | Quarter Ended 30.06.11 Reviewed | Quarter Ended 30.06.10 Reviewed | Year Ended 31.03.11 Audited |
|---|---|---|---|
| Revenue | |||
| Domestic | 643041 | 469988 | 2174387 |
| International | 84223 | 64432 | 295123 |
| Total | 727264 | 534420 | 2469510 |
| Assets | |||
| Domestic | 27558986 | 22270332 | 26762947 |
| International | 9424069 | 7515397 | 9076770 |
| Total | 36983055 | 29785729 | 35839717 |
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.
- Results, Revenue and Capital Employeed of other banking operations includes figures relating to International operations
| N. S. Srinath Executive Director |
R. K. Bakshi Executive Director |
M. D. Mallya Chairman & Managing Director |
Place : Mumbai
Date : 27.07.2011
Audited Financial Results for the Quarter/ Year ended 31st March 2011
| Sr. No. | Particulars | Quarter Ended 31.03.2011 Audited | Quarter Ended 31.03.2010 Audited | Year Ended 31.03.2011 Audited | Year Ended 31.03.2010 Audited | |
|---|---|---|---|---|---|---|
| 1 | Interest earned (a)+(b)+(c)+(d) | 633416 | 435384 | 2188592 | 1669834 | |
| (a) | Interest/disc.on advances/bills | 458723 | 324613 | 1620347 | 1254122 | |
| (b) | Income on investments | 131840 | 92495 | 477478 | 365588 | |
| (c) | Interest on balances with Reserve Bank of India and other inter bank funds | 13361 | 10543 | 47479 | 35505 | |
| (d) | Others | 29492 | 7733 | 43288 | 14619 | |
| 2 | Other Income | 83449 | 76689 | 280918 | 272491 | |
| 3 | Total Income (1 + 2) | 716865 | 512073 | 2469510 | 1942325 | |
| 4 | Interest Expended | 372028 | 260889 | 1308366 | 1075886 | |
| 5 | Operating Expenses (a) + (b) | 150256 | 96451 | 462983 | 381058 | |
| (a) | Employees cost | 98971 | 53179 | 291678 | 235088 | |
| (b) | Other operating expenses | 51285 | 43272 | 171305 | 145970 | |
| 6 | Total Expenditure (4+5) excluding provisions and contingencies | 522284 | 357340 | 1771349 | 1456944 | |
| 7 | Operating Profit before Provisions and Contigencies (3-6) | 194581 | 154733 | 698161 | 485381 | |
| 8 | Provisions (other than tax) and Contingencies | 59041 | 37733 | 133129 | 69720 | |
| 9 | Exceptional Items | - | 8145 | - | 8145 | |
| 10 | Profit (+)/Loss (-) from Ordinary Activities before tax (7-8+9) | 135540 | 125145 | 565032 | 423806 | |
| 11 | Tax expenses | 6105 | 34517 | 140864 | 117973 | |
| 12 | Net Profit (+) / Loss (-) from Ordinary Activities after tax (10-11) | 129435 | 90628 | 424168 | 305833 | |
| 13 | Extraordinary items (net of tax expenses) | - | - | - | - | |
| 14 | Net Profit (+) / Loss (-) for the period (12-13) | 129435 | 90628 | 424168 | 305833 | |
| 15 | Paid-up equity share capital (Face Value of Rs.10 each) | 39281 | 36553 | 39281 | 36553 | |
| 16 | Reserve excluding Revaluation Reserve | 1935782 | 1341961 | 1935782 | 1341961 | |
| 17 | Analytical Ratios | |||||
| i) | Percentage of shares held by Government of India | 57.03 | 53.81 | 57.03 | 53.81 | |
| ii) | Capital Adequacy Ratio (%) | |||||
| As per Basel-I | 13.02 | 12.84 | 13.02 | 12.84 | ||
| As per Basel-II | 14.52 | 14.36 | 14.52 | 14.36 | ||
| iii) | Earnings Per Share | |||||
| Basic and diluted EPS before and after Extraordinary items, net of tax expenses (not annualized) [ in Rs.] | 35.51 | 24.88 | 116.37 | 83.96 | ||
| iv) | NPA Ratios | |||||
| a) | Gross NPA | 315250 | 240069 | 315250 | 240069 | |
| Net NPA | 79088 | 60232 | 79088 | 60232 | ||
| b) | % of Gross NPA | 1.36 | 1.36 | 1.36 | 1.36 | |
| % of Net NPA | 0.35 | 0.34 | 0.35 | 0.34 | ||
| v) | Return on Assets (annualized) % | 1.51 | 1.37 | 1.33 | 1.21 | |
| 18 | Public Shareholding | |||||
| - | No. of shares | 168266500 | 168266500 | 168266500 | 168266500 | |
| - | Percentage of shareholding | 42.97 | 46.19 | 42.97 | 46.19 | |
| 19 | Promoters and promoter group Shareholding | 223279579 | 196000000 | 223279579 | 196000000 | |
| (a) | Pledged/Encumbered | |||||
| - | Number of shares | -- | -- | -- | -- | |
| - | Percentage of shares (as a % of the total shareholding of promoter and promoter group) | -- | -- | -- | -- | |
| - | Percentage of share (as a % of the total share capital of the company) | -- | -- | -- | -- | |
| b) | Non-encumbered | |||||
| - | Number of shares | 223279579 | 196000000 | 223279579 | 196000000 | |
| - | Percentage of shares (as a % of the total shareholding of promoter and promoter group) | 100.00 | 100.00 | 100.00 | 100.00 | |
| - | Percentage of share (as a % of the total share capital of the company) | 57.03 | 53.81 | 57.03 | 53.81 |
Notes forming part of the Audited financial results for the Quarter/ Full Year ended 31st March, 2011
- The above financial results have been reviewed by the Audit Committee and approved by the Board of Directors at their meetings held on 28.04.2011.
- There has been no change in the Accounting Policies adopted during the quarter/ Full Year ended 31.03.2011 as compared to those followed in the preceeding financial year 2009-10.
- 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 unrecognised amount of Rs.180.20 crores will be charged proportionately by the end of 31st March, 2012.
- In accordance with RBI circular no.DBOD.BP.BC.80/21.04.018/2010-11 dated 09.02.2011 one-fifth of the additional pension fund liability of Rs.365.98 crores towards serving employees, who exercised second option and 100% of such liability of Rs.554.14 crores towards retired / separated employees aggregating to Rs.920.12 crores has been reckoned for this year. Unrecognised Pension Fund Liability is Rs.1463.92 crores.
- The financial results for the full year ended 31st March, 2011 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. The Bank has made an additional ad-hoc provision of Rs.320.08 crores upto December 31, 2010 in certain non-performing domestic advance assets. Further, during the quarter Bank has made a floating provision of Rs.300 crores
- During the year bank has allotted 2,72,79,579 equity shares of Rs.10/- each at a premium of Rs.892.14, to Govt. of India, as approved by the shareholders in an Extra-Ordinary General Meeting in accordance with regulation 76 (1) of SEBI (Issue of Capital & Disclosure Requirements) Regulations 2009, on preferential basis. The total amount received by the Bank on this account is Rs.2461 crores. Consequently the Government share holding has increased from 53.81% to 57.03%.
- Non Performing Loan Provisioning Coverage Ratio (Without Tech-Write off) is 74.91% as on 31st March 2011.
- The Bank has proposed dividend of Rs.753.35 crores (Rs.16.50 per share) which is subject to a notification to be issued to this effect by the Government Of India under Section 53 of Banking Regulation Act, 1949.
- Status of Investor's complaints :
- Pending at the beginning of the quarter Nil
- Received during the quarter 141
- Disposed off during the quarter 141
- Pending at the close of the quarter Nil
- Statements of Assets & Liabilities is as under:-
Capital & Liabilities
| Title | As on 31st March 2011 - Audited | As on 31st Mar. 2010 - Audited |
|---|---|---|
| Capital | 392,80,73 | 365,52,77 |
| Reserves and Surplus | 20600,30,46 | 14740,85,50 |
| Deposits | 305439,48,19 | 241261,92,52 |
| Borrowings | 22307,85,48 | 13350,08,50 |
| Other Liabilities and Provisions | 9656,72,68 | 8598,30,99 |
| Total | 358397,17,54 | 278316,70,28 |
Assets
| Title | As on 31st March 2011 - Audited | As on 31st Mar. 2010 - Audited |
|---|---|---|
| Cash and Balances with Reserve Bank of India | 19868,17,89 | 13539,96,91 |
| Balances with Banks and Money at Call and Short Notice | 30065,88,89 | 21927,08,85 |
| Investments | 71260,63,09 | 61182,37,54 |
| Advances | 228676,36,09 | 175035,28,59 |
| Fixed Assets | 2299,71,83 | 2284,76,48 |
| Other Assets | 6226,39,75 | 4347,21,91 |
| Total | 358397,17,54 | 278316,70,28 |
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 /full Year Ended 31st March, 2011
Part A - Business Segments
Segment Revenue
| Particulars | Quarter Ended 31.03.11 Audited | Quarter Ended 31.03.10 Audited | Year Ended 31.03.11 Audited | Year Ended 31.03.10 Audited |
|---|---|---|---|---|
| Treasury Operations | 152400 | 117941 | 559784 | 459916 |
| Wholesale Banking | 286914 | 190082 | 984082 | 732424 |
| Retail Banking | 168127 | 143536 | 598340 | 495691 |
| Other Banking Operations | 109424 | 68659 | 327304 | 262439 |
| Total Revenue | 716865 | 520218 | 2469510 | 1950470 |
Segment Results
| Particulars | Quarter Ended 31.03.11 Audited | Quarter Ended 31.03.10 Audited | Year Ended 31.03.11 Audited | Year Ended 31.03.10 Audited |
|---|---|---|---|---|
| Treasury Operations | 16353 | 18784 | 88251 | 104770 |
| Wholesale Banking | 19776 | 53859 | 152549 | 158536 |
| Retail Banking | 20184 | 22560 | 151789 | 77865 |
| Other Banking Operations | 90759 | 55069 | 275061 | 178039 |
| Total | 147072 | 150272 | 667650 | 519210 |
| Unallocated expenditure | 11532 | 25127 | 102618 | 95404 |
| Profit before Tax | 135540 | 125145 | 565032 | 423806 |
| Provision for Tax | 6105 | 34517 | 140864 | 117973 |
| Net Profit | 129435 | 90628 | 424168 | 305833 |
Capital Employed
| Particulars | Quarter Ended 31.03.11 Audited | Quarter Ended 31.03.10 Audited | Year Ended 31.03.11 Audited | Year Ended 31.03.10 Audited |
|---|---|---|---|---|
| Treasury Operations | 503442 | 377089 | 503442 | 377089 |
| Wholesale Banking | 681669 | 473105 | 681669 | 473105 |
| Retail Banking | 316036 | 244292 | 316036 | 244292 |
| Other Banking Operations | 583874 | 403346 | 583874 | 403346 |
| Unallocated | 14290 | 12806 | 14290 | 12806 |
| Total Capital Employed | 2099311 | 1510638 | 2099311 | 1510638 |
Part B - Geographic Segments
| Particulars | Quarter Ended 31.03.11 Audited | Quarter Ended 31.03.10 Audited | Year Ended 31.03.11 Audited | Year Ended 31.03.10 Audited |
|---|---|---|---|---|
| Revenue | ||||
| Domestic | 634533 | 457659 | 2174387 | 1701416 |
| International | 82332 | 62559 | 295123 | 249054 |
| Total | 716865 | 520218 | 2469510 | 1950470 |
| Assets | ||||
| Domestic | 26762947 | 18934276 | 26762947 | 21032967 |
| International | 9076770 | 6101122 | 9076770 | 6798703 |
| Total | 35839717 | 25035398 | 35839717 | 27831670 |
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.
- Results, Revenue and Capital Employeed of other banking operations includes figures relating to International operations
| N. S. Srinath Executive Director |
R. K. Bakshi Executive Director |
M. D. Mallya Chairman & Managing Director |
Place : Mumbai
Date : 28.04.2011
