2005-06 वित्‍तीय रिपोर्ट

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Sr. No. Particulars Quarter Ended 31.12.06 (Reviewed) Quarter Ended 31.12.05 (Reviewed) Nine Months Ended 31.12.06 (Reviewed) Nine Months Ended 31.12.05 (Reviewed) Year Ended 31.03.06 (Audited)
1 Interest Earned (a+b+c+d) 2387.00 1773.29 6540.59 5094.92 7100.00
a) Interest/discount on advances/bills 1562.99 972.79 4146.88 2696.58 3777.82
b) Income on Investments 722.08 718.71 2048.36 2159.36 2956.42
c) Interest on balances with RBI and other inter-bank funds 102.00 80.23 332.67 210.61 330.93
d) Others -0.07 1.56 12.68 28.37 34.83
2 Other income 333.67 274.37 932.93 838.34 1191.69
A TOTAL INCOME (1+2) 2720.67 2047.66 7473.52 5933.26 8291.69
3 Interest expended 1426.23 959.93 3859.15 2786.74 3875.09
4 Operating Expenses (e+f) 637.53 578.49 1785.91 1635.12 2384.75
e) Payments to and Provisions for employees 432.45 400.06 1202.29 1141.86 1523.79
f) Other Operating expenses 205.08 178.43 583.62 493.26 860.96
B TOTAL EXPENDITURE (3+4) {Excluding Provisions & Contingencies) 2063.76 1538.42 5645.06 4421.86 6259.84
C OPERATING PROFIT (A-B) (Profit before Provisions & Contingencies) 656.91 509.24 1828.46 1511.40 2031.85
D Provisions & Contingencies 141.69 225.06 606.44 659.13 917.25
(of which provisions for Non Performing Assets) 0.15 42.61 186.29 186.77 360.23
E Provision for taxes 186.09 82.00 441.21 234.08 287.64
F NET PROFIT (C-D-E) 329.13 202.18 780.81 618.19 826.96
5 Paid-up Equity Share Capital (Face Value of Rs.10/- each) 365.53 294.53 365.53 294.53 365.53
6 Reserves excluding revaluation reserves (as per Balance Sheet of previous year) 7254.20 5096.47 7254.20 5096.47 7254.20
7 Analytical Ratios
i Percentage of Shares held by Government of India 53.81 66.83 53.81 66.83 53.81
ii Capital Adequacy Ratio {%) 12.24 12.81 12.24 12.81 13.65
iii Earning Per Share Rs.(not annuallsed) 9.04 6.89 21.44 21.08 27.10
iv {a) Amount of gross non-performing assets 2388.60 3151.68 2388.60 3151.68 2390.14
(b) Amount of net non-performing assets 514.68 575.63 514.68 575.63 518.04
(c) % of gross NPAs to gross Advances 3.02 5.74 3.02 5.74 3.90
(d) % of net NPAs to net Advances 0.67 1.10 0.67 1.10 0.87
v Return on Assets (annualised)% 1.12 0.79 0.89 0.84 0.79
8 Aggregate of Public Shareholding
Number of shares 168266000 97265500 168266000 97265500 168265500
Percentage of shareholding 46.19 33.17 46.19 33.17 46.19

Notes forming part of the financial results for the Quarter Ended 31.12.2006.

  • The above results have been taken on record by the Board at its meeting held on 24-01-2007. The same has been subjected to limited review by Statutory Central Auditors, as per the Listing Agreements.
  • There has been no change in the Accounting Policies adopted during the nine months ended 31st Dec 2006 as compared to those followed in the immediately preceding financial year 2005-06.
  • Reconciliation / balancing of debit and credit outstanding entries in various heads of accounts, included in Inter Office Adjsutments, NOSTRO, Drafts / TTs payablle, Clearing Adjustments (including interse the Bank's Overseas Branches and those Position Maintaining Offices in India), Dividend / Interest / Refund Orders Paid / Payable etc. is in progress.
  • The financial results for nine months ended 31.12.06 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. Provision for taxes (including Deferred tax and Fringe Benefit tax) and contingencies including for retirement benefits viz., gratuity, pension, leave encashment benefit of employees etc., have been considered on estimated basis. The compliance of revised AS-15 will be considered on receipt of RBI Guidelines.
  • During the nine months ended Dec-2006, Tier II bonds amounting to Rs.490.90 crores have been redeemed and Tier II Bonds amounting to Rs.920.00 crores has been issued.
  • During the nine months ended 31st Dec 2006, the bank has annulled the forfeiture of 500 equity shares.
  • Status of Investor's complaints :
    • Pending at the beginning of the quarter : Nil
    • Received during the quarter : 30
    • Disposed off during the quarter : 30
    • 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 Ended 31.12.2006

Part A - Business Segments

Sr. No. Particulars Quarter Ended 31.12.06 (Reviewed) Quarter Ended 31.12.05 (Reviewed) 9 Months Ended 31.12.06 (Reviewed) 9 Months Ended 31.12.05 (Reviewed) Year ended 31.03.06 (Audited)
1 Segment Revenue
(a) Treasury Operations 953.85 937.45 2792.44 2857.76 3919.70
(b)Other Banking Operations 1766.82 1110.21 4681.08 3075.50 4371.99
Total 2720.67 2047.66 7473.52 5933.26 8291.69
2 Segment Results
(a) Treasury Operations 113.73 67.79 253.93 167.35 152.31
(b) Other Banking Operations 583.33 375.23 1262.34 945.50 1,111.35
Total 697.06 443.02 1516.27 1112.85 1,263.66
Unallocated expenditure 181.84 158.84 294.25 260.58 149.06
Profit before Tax 515.22 284.18 1222.02 852.27 1114.60
Provision for Tax 186.09 82.00 441.21 234.08 287.64
Net Profit 329.13 202.18 780.81 618.19 826.96
3 Other Information
Segment Assets
(a) Treasury Operations 42597.87 43358.97 42597.87 43358.97 44592.62
(b) Other Banking Operations 86069.72 58678.94 86069.72 58678.94 66917.79
Total 128667.59 102037.91 128667.59 102037.91 111510.41
Unallocated Assets 2315.75 1756.65 2315.75 1756.65 1882.12
Total 130983.34 103794.56 130983.34 103794.56 113392.53
Segment Liabilities
a) Treasury Operations 42261.98 42628.78 42261.98 42628.78 44446.51
(b) Other Banking Operations 76101.04 51422.97 76101.04 51422.97 55835.74
Total 118363.02 94051.75 118363.02 94051.75 100282.25
Unallocated Liabilities 12620.32 9742.81 12620.32 9742.81 13110.28
Total 130983.34 103794.56 130983.34 103794.56 113392.53

Part B - Geographic Segments

Sr. No. Particulars Quarter Ended 31.12.06 (Reviewed) Quarter Ended 31.12.05 (Reviewed) Half Year Ended 31.12.06 (Reviewed) Half Year Ended 31.12.05 (Reviewed) Year ended 31.03.06 (Audited)
1 Revenue
(a) Domestic 2339.16 1830.39 6396.75 5343.69 7455.67
(b) international 381.51 217.27 1076.77 589.57 836.02
Total 2720.67 2047.66 7473.52 5933.26 8291.69
2 Assets
[a) Domestic 106672.27 88190.99 106672.27 88190.99 95156.46
(B) International 24311.07 15603.57 24311.07 15603.57 18236.07
Total 130983.34 103794.56 130983.34 103794.56 113392.53

Notes on Segment Reporting

  • As per guidelines of RBI on compliance with Accounting Standards, Bank has adopted "Treasury Operations" and "Other Banking Opertions" 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.
  • In determining the segment results, the funds transfer price mechanism followed by the the bank has been used.
  • Segment revenue represents revenue from external customers.
Date: 24.01.2007
Place: Mumbai
V. Santhanaraman
(Executive Director)
Dr. Anil K. Khandelwal
(Chairman & Managing Director)

Unaudited Financial Results for the Quarter / Half Year Ended 30th September, 2006

Sr No Particulars Quarter Ended 30.09.2006 (Reviewed) Quarter Ended 30.09.2005 (Reviewed) Half Year Ended 30.09.2006 (Reviewed) Half Year Ended 30.09.2005 (Reviewed) Full Year Ended 31.03.2006 (Audited)
1 Interest earned (a+b+c+d) 2185.92 1694.04 4153.59 3367.28 7100.00
a) Interest/discount on advances/bills 1394.48 887.46 2583.89 1723.79 3777.82
b ) Income on Investments 680.25 735.73 1326.28 1486.30 2956.42
c) Interest on balances with RBI and other inter-bank funds 109.84 64.21 230.67 130.38 330.93
d) Others 1.35 6.64 12.75 26.81 34.83
2 Other income 321.74 309.55 599.26 518.32 1191.69
A TOTAL INCOME (1+2) 2507.66 2003.59 4752.85 3885.60 8291.69
3 Interest expended 1295.15 912.28 2432.92 1826.82 3875.09
4 Operating Expenses (e+f) 596.81 595.99 1148.38 1056.63 2384.75
e) Payments to and Provisions for employees 387.29 411.43 769.84 741.80 1523.79
f) Other Operating expenses 209.52 184.56 378.54 314.83 860.96
B TOTAL EXPENDITURE (3+4) {Excluding Provisions & Contingencies) 1891.96 1508.27 3581.30 2883.45 6259.84
C OPERATING PROFIT (A-B) (Profit before Provisions & Contingencies) 615.70 495.32 1171.55 1002.15 2031.85
D Provisions & Contingencies 159.33 125.70 464.75 434.06 917.25
?of which provisions for Non Performing Assets 63.15 104.88 186.14 144.16 360.23
E Provision for taxes 168.01 110.55 255.12 152.08 287.64
F NET PROFIT (C-D-E) 288.36 259.07 451.68 416.01 826.96
5 Paid-up Equity Share Capital (Face Value of Rs.10/- each) 365.53 294.53 365.53 294.53 365.53
6 Reserves excluding revaluation reserves (as per Balance Sheet of previous year) 7254.20 5096.47 7254.20 5096.47 7254.20
7 Analytical Ratios
i Percentage of Shares held by Government of India 53.81 66.83 53.81 66.83 53.81
ii Capital Adequacy Ratio {%) 12.93 12.79 12.93 12.79 13.65
iii Earning Per Share Rs.(not annuallsed) 7.92 8.83 12.40 14.19 27.10
iv {a) Amount of gross non-performing assets 2488.00 3234.96 2488.00 3234.96 2390.14
(b) Amount of net non-performing assets 540.22 547.27 540.22 547.27 518.04
(c) % of gross NPAs to gross Advances 3.44 6.34 3.44 6.34 3.90
(d) % of net NPAs to net Advances 0.77 1.13 0.77 1.13 0.87
v Return on Assets (annualised)% 1.01 1.05 0.79 0.85 0.79
8 Aggregate of Public Shareholding
Number of shares 168265600 97265400 168265600 97265400 168265500
Percentage of shareholding 46.19 33.17 46.19 33.17 46.19

Notes forming part of the financial results for the Quarter Ended 30.09.2006.

  • The above results have been taken on record by the Board at its meeting held on 28-10-2006. The same has been subjected to limited review by Statutory Central Auditors, as per the Listing Agreements.
  • There has been no change in the Accounting Policies adopted during the quarter ended 30th Sept 2006 as compared to those followed in the immediately preceding financial year 2005-06.
  • Reconciliation / balancing of debit and credit outstanding entries in various heads of accounts, included in Inter Office Adjsutments, NOSTRO, Drafts / TTs payablle, Clearing Adjustments (including interse the Bank's Overseas Branches and those Position Maintaining Offices in India), Dividend / Interest / Refund Orders Paid / Payable etc. is in progress.
  • The financial results for the Quarter ended 30.09.06 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. Provision for taxes (including Deferred tax and Fringe Benefit tax) and contingencies including for retirement benefits viz., gratuity, pension, leave encashment benefit of employees etc., have been considered on estimated basis. The compliance of revised AS-15 will be considered on receipt of RBI Guidelines.
  • In terms of RBI Guidelines, the bank has, during the quarter ended June 06, transferred a portion 'of Govt. Securities (SLR) kept in "Available for Sale" category to "Held to Maturity" category. The resultant net depreciation of Rs.116.21 crores has been charged to the Profit and Loss A/c.
  • During the quarter ended Sept 06, Tier II bonds amounting to Rs.490.90 crores have been redeemed and Tier II Bonds amounting to Rs.920.00 crores has been issued.
  • During the quarter ended 30th Sept 2006, the bank has annulled the forfeiture of 100 equity shares
  • Status of Investor's complaints :
    • Pending at the beginning of the quarter : Nil
    • Received during the quarter : 65
    • Disposed off during the quarter : 65
    • 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 Ended 30.09.2006

Part A - Business Segments

Sr. No. Particulars Quarter Ended 30.09.2006 (Reviewed) Quarter Ended 30.09.2005 (Reviewed) Half Year Ended 30.09.2006 (Reviewed) Half Year Ended 30.09.2005 (Reviewed) Full Year ended 31.03.2006 (Audited)
1 Segment Revenue
(a) Treasury Operations 956.13 983.63 1838.59 1920.31 3919.70
(b)Other Banking Operations 1551.52 1019.95 2914.25 1965.28 4371.99
Total 2507.65 2003.58 4752.84 3885.59 8291.69
2 Segment Results
(a) Treasury Operations 184.16 206.37 140.20 206.42 152.31
(b) Other Banking Operations 442.32 215.77 679.01 463.41 1,111.35
Total 626.48 422.14 819.21 669.83 1,263.66
Unallocated expenditure 170.11 52.52 112.41 101.74 149.06
Profit before Tax 456.37 369.62 706.80 568.09 1114.60
Provision for Tax 168.01 110.55 255.12 152.08 287.64
Net Profit 288.36 259.07 451.68 416.01 826.96
3 Other Information
Segment Assets
(a) Treasury Operations 44610.34 45803.93 44610.34 45803.93 44592.62
(b) Other Banking Operations 79864.70 54106.93 79864.70 54106.93 66917.79
Total 124475.04 99910.86 124475.04 99910.86 111510.41
Unallocated Assets 2080.77 1732.23 2080.77 1732.23 1882.12
Total 126555.81 101643.09 126555.81 101643.09 113392.53
Segment Liabilities
a) Treasury Operations 44889.51 45669.07 44889.51 45669.07 44446.51
(b) Other Banking Operations 69635.82 46649.35 69635.82 46649.35 55835.74
Total 114525.33 92318.42 114525.33 92318.42 100282.25
Unallocated Liabilities 12030.48 9324.67 12030.48 9324.67 13110.28
Total 126555.81 101643.09 126555.81 101643.09 113392.53

Part B - Geographic Segments

Sr. No. Particulars Quarter Ended 30.09.2006 (Reviewed) Quarter Ended 30.09.2005 (Reviewed) Half Year Ended 30.09.2006 (Reviewed) Half Year Ended 30.09.2005 (Reviewed) Year ended 31.03.2006 (Audited)
1 Revenue
(a) Domestic 2076.65 1815.81 4057.59 3513.30 7455.67
(b) international 378.58 187.78 695.26 372.30 836.02
Total 2455.23 2003.59 4752.85 3885.60 8291.69
2 Assets
[a) Domestic 104658.77 86356.10 104658.77 86356.10 95156.46
(B) International 21897.04 15286.99 21897.04 15286.99 18236.07
Total 126555.81 101643.09 126555.81 101643.09 113392.53

Notes on Segment Reporting

  • As per guidelines of RBI on compliance with Accounting Standards, Bank has adopted "Treasury Operations" and "Other Banking Opertions" 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.
  • In determining the segment results, the funds transfer price mechanism followed by the the bank has been used.
  • Segment revenue represents revenue from external customers.
Date: 28/10/2006
Place: Mumbai
Santhanaraman
(Executive Director)
Anil K. Khandelwal
(Chairman & Managing Director)

Unaudited Financial Results for the Quarter Ended 30th June, 2006

Sr No. Particulars Quarter Ended 30.06.2006 (Reviewed) Quarter Ended 30.06.2006 (Reviewed) Full Year Ended 31.06.2006 (Audited)
1 Interest earned (a+b+c+d) 2020.10 1673.24 7100.00
a) Interest/discount on advances/bills 1189.41 836.33 3777.82
b ) Income on Investments 698.46 750.57 2956.42
c) Interest on balances with RBI and other inter-bank funds 120.83 66.17 330.93
d) Others 11.40 20.17 34.83
2 Other income 277.52 208.77 1191.69
A Total Income (1+2) 2297.62 1882.01 8291.69
3 Interest expended 1137.77 914.54 3875.09
4 Operating Expenses (e+f) 604.00 492.09 2384.75
e) Payments to and Provisions for employees 382.55 330.37 1523.79
f) Other Operating expenses 221.45 161.72 860.96
B Total Expenditure (3+4) {Excluding Provisions & Contingencies) 1741.77 1406.63 6259.84
C Operating Profit (A-B) (Profit before Provisions & Contingencies) 555.85 475.38 2031.85
D Provisions & Contingencies 305.42 276.91 917.25
—of which provisions for Non Performing Assets 123.00 39.28 360.23
E Provision for taxes 87.11 41.53 287.64
F Net Profit (C-D-E) 163.32 156.94 826.96
5 Paid-up Equity Share Capital (Face Value of Rs.10/- each) 365.53 294.53 365.53
6 Reserves excluding revaluation reserves (as per Balance Sheet of previous year) 7254.20 5096.47 7254.20
7 Analytical Ratios
i Percentage of Shares held by Government of India 53.81 66.83 53.81
ii Capital Adequacy Ratio {%) 12.43 11.99 13.65
iii Earning Per Share Rs.(not annuallsed) 4.48 5.35 27.10
iv {a) Amount of gross non-performing assets 2554.73 3371.37 2390.14
(b) Amount of net non-performing assets 561.03 647.39 518.04
(c) % of gross NPAs to gross Advances 4.06 7.21 3.90
(d) % of net NPAs to net Advances 0.92 1.47 0.87
v Return on Assets (annualised)% 0.61 0.66 0.79
8 Aggregate of Public Shareholding
Number of shares 168265600 97265400 168265500
Percentage of shareholding 46.19 33.17 46.19

Notes forming part of the financial results for the Quarter Ended 30.06.2006.

  • The above results have been taken on record by the Board at its meeting held on 28-07-2006. The same has been subjected to limited review by Statutory Central Auditors, as per the Listing Agreements.
  • There has been no change in the Accounting Policies adopted during the quarter ended 30th June 2006 as compared to those followed in the immediately preceding financial year 2005-06.
  • Reconciliation / balancing of debit and credit outstanding entries in various heads of accounts, included in Inter Office Adjsutments, NOSTRO, Drafts / TTs payablle, Clearing Adjustments (including interse the Bank's Overseas Branches and those Position Maintaining Offices in India), Dividend / Interest / Refund Orders Paid / Payable etc. is in progress.
  • The financial results for the Quarter ended 30.06.06 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. Provision for taxes (including Deferred tax and Fringe Benefit tax) and contingencies including for retirement benefits viz., gratuity, pension, leave encashment benefit of employees etc., have been considered on estimated basis.
  • In terms of RBI Guidelines, the bank has, during the quarter ended June 06, transferred a portion 'of Govt. Securities (SLR) kept in "Available for Sale" category to "Held to Maturity" category. The resultant net depreciation of Rs.115.31 crores has been charged to the Profit and Loss A/c.
  • During the quarter ended June 06, Tier II bonds amounting to Rs.490.90 crores have been redeemed.
  • During the quarter ended 30th June 2006, the bank has annulled the forfeiture of 100 equity shares
  • Status of Investor's complaints :
    • Pending at the beginning of the quarter : Nil
    • Received during the quarter : 40
    • Disposed off during the quarter : 40
    • 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 Ended 30.06.2006

Part A - Business Segments

Sr. No. Particulars Quarter Ended 30.06.2006 (Reviewed) Quarter Ended 30.06.2005 (Reviewed) Full Year ended 31.03.2006 (Audited)
1 Segment Revenue
(a) Treasury Operations 934.89 936.68 3919.70
(b)Other Banking Operations 1362.73 945.33 4371.99
Total 2297.62 1882.01 8291.69
2 Segment Results
(a) Treasury Operations (67.14) (48.81) 152.31
(b) Other Banking Operations 259.87 278.54 1,111.35
Total 192.73 229.73 1,263.66
Unallocated expenditure (57.70) 31.26 149.06
Profit before Tax 250.43 198.47 1114.60
Provision for Tax 87.11 41.53 287.64
Net Profit 163.32 156.94 826.96
3 Other Information
Segment Assets
(a) Treasury Operations 47036.94 44282.97 44592.62
(b) Other Banking Operations 70403.78 49189.75 66917.79
Total 119508.95 94883.80 113392.53
Unallocated Assets 2068.23 1411.08 1882.12
Total 119508.95 94883.80 113392.53
Segment Liabilities
a) Treasury Operations 46812.01 43677.26 44446.51
(b) Other Banking Operations 61766.21 42908.38 55835.74
Total 108578.22 86585.64 100282.25
Unallocated Liabilities 10930.73 8298.16 13110.28
Total 119508.95 94883.80 113392.53

Part B - Geographic Segments

Sr. No. Particulars Quarter Ended 30.06.2006 (Reviewed) Quarter Ended 30.06.2005 (Reviewed) Year ended 31.03.2006 (Audited)
1 Revenue
(a) Domestic 1980.94 1697.49 7455.67
(b) international 316.68 184.52 836.02
Total 2297.62 1882.01 8291.69
2 Assets
a) Domestic 99943.64 81644.17 95156.46
(B) International 19565.31 13239.63 18236.07
Total 119508.95 94883.80 113392.53

Notes on Segment Reporting

  • As per guidelines of RBI on compliance with Accounting Standards, Bank has adopted "Treasury Operations" and "Other Banking Opertions" 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.
  • In determining the segment results, the funds transfer price mechanism followed by the the bank has been used.
  • Segment revenue represents revenue from external customers.
Date: 28.07.2006
Place: Mumbai
A. C. Mahajan
(Executive Director)
Dr. Anil K. Khandelwal
(Chairman & Managing Director)

Audited Financial Results for the Quarter / Year Ended 31st March 2006

Sr No. Particulars Quarter Ended 31.03.06 (Audited) Quarter Ended 31.03.05 (Audited) Full Year Ended 31.03.06 (Audited) Full Year Ended 31.03.05
1 Interest earned (a+b+c+d) 1957.33 1762.47 7100.00 6431.41
a) Interest/discount on advances/bills 1081.25 732.88 3777.82 2902.75
b) Income on Investments 749.29 766.40 2956.42 2988.98
c) Interest on balance with RBI and other inter-bank funds 120.33 62.87 330.93 235.46
d) Others 6.46 200.32 34.83 304.22
2 Other income 401.12 274.99 1191.69 1313.34
A Total Income 2358.45 2037.46 8291.69 7744.75
3 Interest expended 1088.33 882.82 3875.09 3452.15
4 Operating Expenses (e+f) 666.66 508.77 2384.75 1979.80
e) Payments to and Provisions for employees 381.92 342.71 1523.79 1381.05
f) Other Operating expenses 284.74 166.06 860.96 598.75
B Total Expenditure (3+4) (Excluding Provisions & Contingencies) 1754.99 1391.59 6259.84 5431.95
C Operating Profit (A-B) ( Profit before Provisions & Contingencies) 603.46 645.87 2031.85 2312.80
D Provisions & Contingencies 341.10 541.05 917.25 1449.68
---of which provision for Non performing assets 173.46 201.63 360.23 456.21
E Provision for taxes 53.56 3.78 287.64 186.28
F Net Profit (C-D-E) 208.80 101.04 826.96 676.84
5 Paid up Equity Share capital 365.53 294.53 365.53 294.53
6 Reserves (excluding revaluation reserves)
(as per Balance Sheet of previous accounting year)
7254.20 5096.47 7254.20 5096.47
7 Analytical Ratios
i Percentage of Shares held by Government of India 53.81 % 66.83 % 53.81 % 66.83 %
ii Capital Adequacy Ratio (%) 13.65 % 12.61 % 13.65 % 12.61
iii Earning per Share (Rs.) (not annualised)
(Face Value Rs.10/- each)
6.84 3.45 27.10 23.08
iv (a) Amount of gross non-performing assets 2390.14 3321.81 2390.14 33321.81
(b) Amount of net non-performing assets 518.04 619.64 518.04 619.64
(c)% of gross NPAs 3.90 7.30 3.90 7.30
(d) % of net NPAs 0.87 1.45 0.87 1.45
v Return on Assets(annualised) 0.80 0.32 0.79 0.75
8 Aggregate of Non Promoter Shareholding
Number of shares 168265500 97265400 168265500 97265400
Percentage of shareholding 46.19 33.17 46.19 33.17

Notes forming part of the financial results for the Quarter/ Full Year ended 31.03.06

  • The above results have been taken on record by the Board at its meeting held on 28-04-2006. The same has been subjected to Audit by Statutory Central Auditors.
  • Working results for the quarter/full year ended 31st March, 2006 have been arrived at after considering provision for NPA's,Standard Assets and depreciation on Investments on the basis of prudential norms issued by RBI. Provision for taxes (including deferred tax) and contingencies including gratuity, pension, leave encashment benefit of employees etc., have been considered on actuarial basis.
  • The Bank has revised its Accounting Policy on Accounting for effect on changes in Foreign Currencies as per AS 11 issued by the Institute of Chartered Accountants of India. The net impact of this, including for earlier years amounting to Rs.147.71 crores has been accounted for as loss on revaluation of foreign currency assets. The net impact for the quarter ended March 2006 is Rs.105.22 crores.
  • In terms of RBI Guidelines, the bank has, during the quarter ended June 05, transferred a portion of Govt. Securities (SLR) kept in "Available for Sale" category to "Held to Maturity" category. The resultant depreciation of Rs.259.98 crores has been charged to the Profit and Loss A/c.
  • During the year the bank has come out with a follow on public issue of 7.10 crores equity shares of Rs.10 each at a price of Rs.230/- per equity share on 100% book building process.
  • The Board of Directors have recommended a dividend of 50% amounting to Rs.207.68 crores (incl. of taxes)
    • Status of Investor's complaints
    • Pending at the beginning of the quarter :Nil
    • Received during the quarter : 37
    • Disposed off during the quarter : 37
    • Pending at the close of the quarter : Nil

Segment Reporting For The Quarter / Full Year Ended 31.03.2006

Part A - Business Segments

Sr No. Particulars Quarter Ended 31.03.06 Audited Quarter Ended 31.03.05 Audited Full Year Ended 31.03.06 Audited Full Year Ended 31.03.05 Reviewed
1 Segment Revenue
(a) Treasury Operations 1061.94 919.57 3919.70 4094.04
(b) Other Banking perations 1296.51 1123.13 4371.99 3650.71
Total 2358.45 2042.70 8291.69 7744.75
2 Segment Results
(a) Treasury Operations (15.04) (711.91) 152.31 (295.06)
(b) Other Banking Operations 165.89 610.71 1111.35 1279.40
Total 150.85 (101.20) 1263.66 984.34
Unallocated expenditure (111.51) (206.02) 149.06 121.22
Profit before Tax 262.36 104.82 1114.60 863.12
Provision for Tax 53.56 3.78 287.64 186.28
Net Profit 208.80 101.04 826.96 676.84
3 Other Information
Segment Assets
(a) Treasury Operations 44592.62 42998.19 44592.62 42998.19
(b) Other Banking Operations 66917.79 49197.76 66917.79 49197.76
Total 111510.41 92195.95 111510.41 92195.95
Unallocated Assets 1882.12 2468.29 1882.12 2468.29
Total 113392.53 94664.24 113392.53 94664.24
Segment Liabilities
(a) Treasury Operations 44446.51 42215.54 44446.51 42215.54
(b) Other Banking Operations 55835.74 41915.38 55835.74 41915.38
Total 100282.25 84130.92 100282.25 84130.92
Unallocated Liabilities 13110.28 10533.32 13110.28 10533.32
Total 113392.53 94664.24 113392.53 94664.24

Part B - Geographic Segments

Sr No. Particulars Quarter Ended 31.03.06 Reviewed Quarter Ended 31.03.05 Reviewed Full Year Ended 31.03.06 Reviewed Full Year Ended 31.03.05 Reviewed
1 Revenue
(a) Domestic 2112.00 1887.23 7455.67 7137.02
(b) International 246.45 155.47 836.02 607.73
Total 2358.45 2042.70 8291.69 7744.75
2 Assets
(a) Domestic 95156.46 80114.11 95156.46 80114.11
(b) International 18236.07 14550.13 18236.07 14550.13
Total 113392.53 94664.24 113392.53 94664.24

Notes on Segment Reporting

  • As per guidelines of RBI on compliance with Accounting Standards, Bank has adopted "Treasury Operations" and "Other Banking Opertions" as Primary business segments and "Domestic" and "International" as secondary/ geographic segments for the purpose of compliance with AS-17 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.
Date: 28.04.2006
Place: Mumbai
A. C. Mahajan
(Executive Director)
Dr. Anil K. Khandelwal
(Chairman & Managing Director)

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