2012-13 वित्‍तीय रिपोर्ट

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Unaudited Financial Results for the Quarter /Half year ended 30th September, 2013

Sr. No. Particulars Quarter Ended 31.12.2013 Reviewed Quarter Ended 30.09.2013 Reviewed Quarter Ended 31.12.2012 Reviewed Nine Months Ended 31.12.2013 Reviewed Nine Months Ended 31.12.2012 Reviewed Year Ended 31.03.2013 Audited
1 Interest earned (a)+(b)+(c)+(d) 9690,73 9473,45 8844,92 28651,12 26125,08 35196,65
(a) Interest /discount on advances/bills 7061,01 6832,31 6485,32 20561,91 19350,69 25867,05
(b) Income on investments 2175,05 2220,27 1897,92 6496,03 5499,29 7483,39
(c) Interest on balances with Reserve Bank of India and other inter bank funds 245,22 281,32 403,21 1038,36 1029,89 1443,02
(d) Others 209,45 139,55 58,47 554,82 245,21 403,19
2 Other Income 932,07 973,86 840,59 3136,48 2439,70 3630,63
3 Total Income (1 + 2) 10622,80 10447,31 9685,51 31787,60 28564,78 38827,28
4 Interest Expended 6633,59 6578,66 6004,02 19810,09 17623,81 23881,39
5 Operating Expenses (a) + (b) 1791,74 1744,07 1425,51 5203,84 4049,23 5872,11
(a) Employees cost 1055,71 1030,15 798,15 3099,84 2310,35 3449,65
(b) Other operating expenses 736,03 713,92 627,36 2104,00 1738,88 2422,46
6 Total Expenditure (4+5) excluding provisions and contingencies 8425,33 8322,73 7429,53 25013,93 21673,04 29753,50
7 Operating Profit before Provisions and Contingencies (3-6) 2197,47 2124,58 2255,98 6773,67 6891,74 9073,78
8 Provisions (other than tax) and Contingencies 761,87 860,83 1029,31 2640,56 2569,52 4167,92
9 Exceptional Items (Refer Note no. 4) 15,55 15,55 12,44 46,65 37,32 74,63
10 Profit (+)/Loss (-) from Ordinary Activities before tax (7-8-9) 1420,05 1248,20 1214,23 4086,46 4284,90 4831,23
11 Tax expenses 372,21 80,10 202,61 702,65 833,03 350,51
12 Net Profit (+) / Loss (-) from Ordinary Activities after tax (10-11) 1047,84 1168,10 1011,62 3383,81 3451,87 4480,72
13 Extraordinary items (net of tax expenses) - - - - - -
14 Net Profit (+) / Loss (-) for the period (12-13) 1047,84 1168,10 1011,62 3383,81 3451,87 4480,72
15 Paid-up equity share capital (Face Value of Rs.10 each) 422,52 422,52 412,38 422,52 412,38 422,52
16 Reserve excluding Revaluation Reserve (as per balance sheet of previous accounting year) 30442,66 30442,66 25890,79 30442,66 25890,79 30442,66
17 Analytical Ratios
i) Percentage of shares held by Government of India 55.41 55.41 54.31 55.41 54.31 55.41
ii) Capital Adequacy Ratio (%)- Basel-II 12.26 12.32 12.66 12.26 12.66 13.30
Capital Adequacy Ratio (%)- Basel-III 12.01 12.07 -NA- 12.01 -NA- -NA-
iii) Earnings Per Share
Basic and diluted EPS before and after Extraordinary items, net of tax expenses (not annualized) [ in Rs.] 24.87 27.73 24.61 80.33 83.96 108.84
iv) NPA Ratios
(a) Gross NPA 11925,76 10887,92 7321,45 11925,76 7321,45 7982,58
Net NPA 6623,60 6315,50 3363,23 6623,60 3363,23 4192,02
(b) % of Gross NPA 3.32 3.15 2.41 3.32 2.41 2.40
% of Net NPA 1.88 1.86 1.12 1.88 1.12 1.28
v) Return on Assets (annualized) % 0.73 0.84 0.84 0.80 0.98 0.90
18 Public Shareholding
- No. of shares 18,78,43,804 18,78,43,804 18,78,43,804 18,78,43,804 18,78,43,804 18,78,43,804
- Percentage of shareholding 44.59 44.59 45.69 44.59 45.69 44.59
19 Promoters and promoter group Shareholding 23,34,12,499 23,34,12,499 22,32,79,579 23,34,12,499 22,32,79,579 23,34,12,499
(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 bank) -- -- -- -- -- --
(b) Non-encumbered
- Number of shares 23,34,12,499 23,34,12,499 22,32,79,579 23,34,12,499 22,32,79,579 23,34,12,499
- 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 bank) 55.41 55.41 54.31 55.41 54.31 55.41

Notes forming part of the Unaudited financial results for the Quarter / Nine months ended 31st December, 2013

  • The above financial results have been reviewed by the Audit Committee of Board in their meeting held on 5th February 2014 and approved by the Board of Directors in their meeting held on 6th February 2014. The same have been subjected to Limited Review by the Statutory Central Auditors of the Bank, in line with the guidelines issued by Reserve Bank of India and as per the requirement of listing agreement with Stock Exchanges.
  • The above results for the quarter/ nine months ended 31st December, 2013 have been prepared following the same accounting policy as those followed in the annual financial statements for the year ended 31st March, 2013.
  • 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 Profit and Loss Account during the quarter ended 31st December 2013. The unamortized pension fund liability of Rs.457.47 crores will be charged proportionately in accordance with the directions contained in the said circular.
  • 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 4th March, 2011. Out of the deficit of Rs.186.58 crores on account of the said take over, the Bank has charged Rs.15.55 crores to Profit and Loss Account during the quarter ended 31st December, 2013 as approved by RBI vide letter no. DBOD.No.BP.1311/21.04.048/2010-11 dated 25th July 2011. The balance amount of Rs.15.55 Crores will be charged upto financial year 2013-14.
  • The Bank has created deferred tax liability of Rs.272.09 Crores during the quarter ended 31st December 2013 on account of Special reserve created u/s 36 (1) (VIII) of Income tax act for the nine months ended 31st December 2013, which is charged to Profit & Loss Account and deferred tax liability of Rs.818.90 Crores for special reserve created up to 31st March 2013, by adjustment from general reserve in accordance with Reserve Bank of India Circular no. DBOD.no.BP.BC.77/21.04.018/2013-14 dated 20th December 2013.
  • The financial results for the quarter/ nine months ended 31st December, 2013 have been arrived at after considering provision for Non Performing Assets, Standard Assets, Restructured Assets and depreciation/provision for Investments on the basis of prudential norms and specific guidelines issued by RBI. The Bank has made provision @ 20% on the Secured Sub-standard Advances as against the Regulatory requirement of 15%.
  • Provision for taxes, employee benefits and other provisions for contingencies have been considered on estimated basis.
  • Banks are required to disclose Capital adequacy ratio under Basel-III capital regulations from the quarter ended June 30, 2013. Accordingly, comparative details for previous periods are not applicable.
  • In terms of RBI Circular no DBOD.DP.BC.no 41/21.04.141/2013-14 dated August 23,2013 on investment portfolio of the Banks Classification, Valuation and Provisioning, the bank has transferred SLR securities (with book value Rs.6483.81 crores) from AFS to HTM category and loss on transfer of such securities has been fully recognized during the nine months ended December 2013.
  • In the month of January 2014 Bank has alloted 81,58,784 equity shares of Rs.10/- each at a premium of Rs.664.12 per share to Government 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 Requirement) regulations 2009, on preferential basis. The total amount received by Bank on this account is Rs.550 Crores.
  • Non Performing Loan Provisioning Coverage Ratio is 62.22 % as on 31st December, 2013.
  • Details of Investors' complaints for the quarter ended 31st December, 2013: Pending at Beginning - Nil; Received - 36; Disposed off - 36; Closing - Nil
  • Statements of Assets & Liabilities is as under:-

Capital & Liabilities

Title As on 31st Dec 2013 Reviewed As on 31st Dec 2012 Reviewed
Capital 422,52 412,38
Reserves and Surplus 35231,65 30966,17
Deposits 503771,79 414733,40
Borrowings 29304,14 27899,38
Other Liabilities and Provisions 18638,33 14551,67
Total 587368,43 488563,00

Assets

Title As on 31st Dec 2013 Reviewed As on 31st Dec 2012 Reviewed
Cash and Balances with Reserve Bank of India 16742,37 17146,98
Balances with Banks and Money at Call and Short Notice 87598,78 58294,55
Investments 115209,51 101847,97
Advances 352446,18 299317,84
Fixed Assets 2562,12 2398,69
Other Assets 12809,47 9556,97
Total 587368,43 488563,00

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 / Nine months ended 31st December, 2013

Part A - Business Segments

Segment Revenue

Particulars Quarter Ended 31.12.2013 Reviewed Quarter Ended 30.09.2013 Reviewed Quarter Ended 31.12.2012 Reviewed Nine Months Ended 31.12.2013 Reviewed Nine Months Ended 31.12.2012 Reviewed Year Ended 31.03.2013 Audited
Treasury Operations 2625,42 2644,69 2342,13 8370,02 6575,85 9199,48
Wholesale Banking 4118,51 3960,19 3685,16 11950,82 11126,27 15026,66
Retail Banking 2653,99 2573,02 2465,02 7805,59 7124,93 9604,56
Banking & Other Operations 1224,88 1269,41 1193,20 3661,17 3737,73 4996,58
Total Revenue 10622,80 10447,31 9685,51 31787,60 28564,78 38827,28

Segment Results

Particulars Quarter Ended 31.12.2013 Reviewed Quarter Ended 30.09.2013 Reviewed Quarter Ended 31.12.2012 Reviewed Nine Months Ended 31.12.2013 Reviewed Nine Months Ended 31.12.2012 Reviewed Year Ended 31.03.2013 Audited
Treasury Operations 459,91 418,95 231,28 1376,33 708,27 1070,13
Wholesale Banking (56,49) 150,58 (34,55) 17,01 407,70 (103,95)
Retail Banking 904,99 524,95 745,19 2012,35 2082,96 3085,71
Banking & Other Operations 409,57 639,00 617,92 1776,26 2179,33 2221,71
Total 1717,98 1733,48 1559,84 5181,95 5378,26 6273,60
Unallocated Expenditure 297,93 485,28 345,61 1095,49 1093,36 1442,37
Profit before Tax 1420,05 1248,20 1214,23 4086,46 4284,90 4831,23
Provision for Tax 372,21 80,10 202,61 702,65 833,03 350,51
Net Profit 1047,84 1168,10 1011,62 3383,81 3451,87 4480,72

Capital Employed

Particulars Quarter Ended 31.12.2013 Reviewed Quarter Ended 30.09.2013 Reviewed Quarter Ended 31.12.2012 Reviewed Nine Months Ended 31.12.2013 Reviewed Nine Months Ended 31.12.2012 Reviewed Year Ended 31.03.2013 Audited
Treasury Operations 8575,39 8389,14 8281,64 8575,39 8281,64 8526,91
Wholesale Banking 9720,94 9831,81 8447,52 9720,94 8447,52 8927,57
Retail Banking 4706,26 4743,62 4581,67 4706,26 4581,67 4278,82
Banking & Other Operations 12273,57 12231,13 9709,39 12273,57 9709,39 9923,42
Unallocated 378,01 353,65 358,33 378,01 358,33 312,72
Total Capital Employed 35654,17 35549,35 31378,55 35654,17 31378,55 31969,44

Part B - Geographic Segments

Particulars Quarter Ended 30.09.2013 Reviewed Quarter Ended 30.06.2013 Reviewed Quarter Ended 30.09.2012 Reviewed Half Year Ended 30.09.2013 Reviewed Half Year Ended 30.09.2012 Reviewed Year Ended 31.03.2013 Audited
Revenue
Domestic 9397,85 9178,76 8493,21 28127,62 24831,48 33876,70
International 1224,95 1268,55 1192,30 3659,98 3733,30 4950,58
Total 10622,80 10447,31 9685,51 31787,60 28564,78 38827,28
Assets
Domestic 391369,73 376542,54 340171,80 391369,73 340171,80 381404,32
International 195998,70 186490,14 148391,20 195998,70 148391,20 165731,12
Total 587368,43 563032,68 488563,00 587368,43 488563,00 547135,44

Notes on Segment Reporting

  • As per guidelines of RBI on compliance with Accounting Standards, The Bank has adopted "Treasury Operations", Wholesale, Retail and " Banking & Other 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 Employed of International Operations is included in Banking and other
B B Joshi
Executive Director
Ranjan Dhawan
Executive Director
P Srinivas
Executive Director
S S Mundra
Chairman & Managing Director

Place : Mumbai
Date : 06.02.2014

Unaudited Financial Results for the Quarter /Half year ended 30th September, 2013

Sr. No. Particulars Quarter Ended 30.09.2013 Reviewed Quarter Ended 30.06.2013 Reviewed Quarter Ended 30.09.2012 Reviewed Half Year Ended 30.09.2013 Reviewed Half Year Ended 30.09.2012 Reviewed Year Ended 31.03.2013 Audited
1 Interest earned (a)+(b)+(c)+(d) 9473,45 9486,94 8722,55 18960,39 17280,16 35196,65
(a) Interest /discount on advances/bills 6832,31 6668,59 6438,72 13500,90 12865,37 25867,05
(b) Income on investments 2220,27 2100,71 1869,86 4320,98 3601,37 7483,39
(c) Interest on balances with Reserve Bank of India and other inter bank funds 281,32 511,82 338,76 793,14 626,68 1443,02
(d) Others 139,55 205,82 75,21 345,37 186,74 403,19
2 Other Income 973,86 1230,55 828,31 2204,41 1599,11 3630,63
3 Total Income (1 + 2) 10447,31 10717,49 9550,86 21164,80 18879,27 38827,28
4 Interest Expended 6578,66 6597,84 5860,25 13176,50 11619,79 23881,39
5 Operating Expenses (a) + (b) 1744,07 1668,03 1308,03 3412,10 2623,72 5872,11
(a) Employees cost 1030,15 1013,98 751,21 2044,13 1512,20 3449,65
(b) Other operating expenses 713,92 654,05 556,82 1367,97 1111,52 2422,46
6 Total Expenditure (4+5) excluding provisions and contingencies 8322,73 8265,87 7168,28 16588,60 14243,51 29753,50
7 Operating Profit before Provisions and Contingencies (3-6) 2124,58 2451,62 2382,58 4576,20 4635,76 9073,78
8 Provisions (other than tax) and Contingencies 860,83 1017,86 646,41 1878,69 1540,21 4167,92
9 Exceptional Items (Refer Note no. 4) 15,55 15,55 12,44 31,10 24,88 74,63
10 Profit (+)/Loss (-) from Ordinary Activities before tax (7-8-9) 1248,20 1418,21 1723,73 2666,41 3070,67 4831,23
11 Tax expenses 80,10 250,34 422,34 330,44 630,42 350,51
12 Net Profit (+) / Loss (-) from Ordinary Activities after tax (10-11) 1168,10 1167,87 1301,39 2335,97 2440,25 4480,72
13 Extraordinary items (net of tax expenses) - - - - - -
14 Net Profit (+) / Loss (-) for the period (12-13) 1168,10 1167,87 1301,39 2335,97 2440,25 4480,72
15 Paid-up equity share capital (Face Value of Rs.10 each) 422,52 422,52 412,38 422,52 412,38 422,52
16 Reserve excluding Revaluation Reserve (as per balance sheet of previous accounting year) 30442,66 30442,66 25890,79 30442,66 25890,79 30442,66
17 Analytical Ratios
i) Percentage of shares held by Government of India 55.41 55.41 54.31 55.41 54.31 55.41
ii) Capital Adequacy Ratio (%)- Basel-II 12.32 12.70 12.91 12.32 12.91 13.30
Capital Adequacy Ratio (%)- Basel-III 12.07 12.46 -NA- 12.07 -NA- -NA-
iii) Earnings Per Share
Basic and diluted EPS before and after Extraordinary items, net of tax expenses (not annualized) [ in Rs.] 27.73 27.72 31.65 55.45 59.36 108.84
iv) NPA Ratios
(a) Gross NPA 10887,92 9762,55 5879,01 10887,92 5879,01 7982,58
Net NPA 6315,50 5440,67 2384,63 6315,50 2384,63 4192,02
(b) % of Gross NPA 3.15 2.99 1.98 3.15 1.98 2.40
% of Net NPA 1.86 1.69 0.82 1.86 0.82 1.28
v) Return on Assets (annualized) % 0.84 0.85 1.12 0.84 1.06 0.90
18 Public Shareholding
- No. of shares 18,78,43,804 18,78,43,804 18,78,43,804 18,78,43,804 18,78,43,804 18,78,43,804
- Percentage of shareholding 44.59 44.59 45.69 44.59 45.69 44.59
19 Promoters and promoter group Shareholding 23,34,12,499 23,34,12,499 22,32,79,579 23,34,12,499 22,32,79,579 23,34,12,499
(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 bank) -- -- -- -- -- --
(b) Non-encumbered
- Number of shares 23,34,12,499 23,34,12,499 22,32,79,579 23,34,12,499 22,32,79,579 23,34,12,499
- 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 bank) 55.41 55.41 54.31 55.41 54.31 55.41

Notes forming part of the Unaudited financial results for the Quarter / Half year ended 30th September, 2013

  • The above financial results have been reviewed by the Audit Committee of Board in their meeting held on 30th October 2013 and approved by the Board of Directors in their meeting held on 31st October 2013. The same have been subjected to Limited Review by the Statutory Central Auditors of the Bank, in line with the guidelines issued by Reserve Bank of India and as per the requirement of listing agreement with Stock Exchanges.
  • The above results for the quarter/ half year ended 30th September, 2013 have been prepared following the same accounting policy as those followed in the annual financial statements for the year ended 31st March, 2013.
  • 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 ended 30th September 2013. The unamortized pension fund liability of Rs.548.96 crores will be charged proportionately in accordance with the directions contained in the said circular.
  • 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 4th March, 2011. Out of the deficit of Rs.186.58 crores on account of the said take over, the Bank has charged Rs.15.55 crores to the Profit and Loss Account during the quarter ended 30th September, 2013 as approved by RBI vide letter no. DBOD.No.BP.1311/21.04.048/2010-11 dated 25th July 2011. The balance amount of Rs.31.10 Crores will be charged upto financial year 2013-14 .
  • In terms of RBI Circular no DBOD.DP.BC.no 41/21.04.141/2013-14 dated August 23,2013 on investment portfolio of the Banks-Classification, Valuation and Provisioning,the bank has transferred SLR securities (with book value Rs.6483.81 crores) from AFS to HTM category and loss on transfer of such securities has been fully recognized during the quarter ended September 2013.
  • The financial results for the quarter/ half year ended 30th September, 2013 have been arrived at after considering provision for Non performing Assets, Standard Assets, Restructured Assets and depreciation/provision for Investments on the basis of prudential norms and specific guidelines issued by RBI. The Bank has made provision @ 20% on the Secured Sub-standard Advance as against the Regulatory requirement of 15%.
  • Provision for taxes, employee benefits and other provisions for contingencies have been considered on estimated basis.
  • Banks are required to disclose Capital adequacy ratio under Basel-III capital regulations from the quarter ended June 30, 2013. Accordingly, comparative details for previous periods are not applicable.
  • Non Performing Loan Provisioning Coverage Ratio is 61.68 % as on 30th September, 2013.
  • Details of Investor's complaints for the quarter ended 30th September, 2013: Pending at Beginning - Nil; Received - 70; Disposed off - 70; Closing - Nil
  • Statements of Assets & Liabilities is as under:-

Capital & Liabilities

Title As on 30th Sept 2013 Reviewed As on 30th Sept 2012 Reviewed
Capital 422,52 412,38
Reserves and Surplus 35126,83 29681,51
Deposits 484931,04 408149,50
Borrowings 28557,66 26160,22
Other Liabilities and Provisions 13994,63 11423,29
Total 563032,68 475826,90

Assets

Title As on 30th Sept 2013 Reviewed As on 30th Sept 2012 Reviewed
Cash and Balances with Reserve Bank of India 15680,61 17641,57
Balances with Banks and Money at Call and Short Notice 79979,91 54029,33
Investments 111840,14 101430,13
Advances 339855,27 292180,92
Fixed Assets 2497,59 2366,98
Other Assets 13179,16 8177,97
Total 563032,68 475826,90

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 / Half year ended 30th September, 2013

Part A - Business Segments

Segment Revenue

Particulars Quarter Ended 30.09.2013 Reviewed Quarter Ended 30.06.2013 Reviewed Quarter Ended 30.09.2012 Reviewed Half Year Ended 30.09.2013 Reviewed Half Year Ended 30.09.2012 Reviewed Year Ended 31.03.2013 Audited
Treasury Operations 2644,69 3099,91 2202,74 5744,60 4233,72 9199,48
Wholesale Banking 3960,19 3872,12 3623,64 7832,31 7441,11 15026,66
Retail Banking 2573,02 2578,58 2415,55 5151,60 4659,91 9604,56
Banking & Other Operations 1269,41 1166,88 1308,93 2436,29 2544,53 4996,58
Total Revenue 10447,31 10717,49 9550,86 21164,80 18879,27 38827,28

Segment Results

Particulars Quarter Ended 30.09.2013 Reviewed Quarter Ended 30.06.2013 Reviewed Quarter Ended 30.09.2012 Reviewed Half Year Ended 30.09.2013 Reviewed Half Year Ended 30.09.2012 Reviewed Year Ended 31.03.2013 Audited
Treasury Operations 418,95 497,47 386,76 916,42 476,99 1070,13
Wholesale Banking 150,58 (77,08) 155,72 73,50 442,25 (103,95)
Retail Banking 524,95 582,41 704,82 1107,36 1337,77 3085,71
Banking & Other Operations 639,00 727,69 882,65 1366,69 1561,41 2221,71
Total 1733,48 1730,49 2129,95 3463,97 3818,42 6273,60
Unallocated Expenditure 485,28 312,28 406,22 797,56 747,75 1442,37
Profit before Tax 1248,20 1418,21 1723,73 2666,41 3070,67 4831,23
Provision for Tax 80,10 250,34 422,34 330,44 630,42 350,51
Net Profit 1168,10 1167,87 1301,39 2335,97 2440,25 4480,72

Capital Employed

Particulars Quarter Ended 30.09.2013 Reviewed Quarter Ended 30.06.2013 Reviewed Quarter Ended 30.09.2012 Reviewed Half Year Ended 30.09.2013 Reviewed Half Year Ended 30.09.2012 Reviewed Year Ended 31.03.2013 Audited
Treasury Operations 8389,14 8884,36 7818,41 8389,14 7818,41 8526,91
Wholesale Banking 9831,81 8942,34 8306,22 9831,81 8306,22 8927,57
Retail Banking 4743,62 4401,65 4357,86 4743,62 4357,86 4278,82
Banking & Other Operations 12231,13 11257,75 9319,50 12231,13 9319,50 9923,42
Unallocated 353,65 347,77 291,90 353,65 291,90 312,72
Total Capital Employed 35549,35 33833,87 30093,89 35549,35 30093,89 31969,44

Part B - Geographic Segments

Particulars Quarter Ended 30.09.2013 Reviewed Quarter Ended 30.06.2013 Reviewed Quarter Ended 30.09.2012 Reviewed Half Year Ended 30.09.2013 Reviewed Half Year Ended 30.09.2012 Reviewed Year Ended 31.03.2013 Audited
Revenue
Domestic 9178,76 9551,01 8243,18 18729,77 16338,27 33876,70
International 1268,55 1166,48 1307,68 2435,03 2541,00 4950,58
Total 10447,31 10717,49 9550,86 21164,80 18879,27 38827,28
Assets
Domestic 376542,54 370411,22 333304,55 376542,54 333304,55 381404,32
International 186490,14 175516,76 142522,35 186490,14 142522,35 165731,12
Total 563032,68 545927,98 475826,90 563032,68 475826,90 547135,44

Notes on Segment Reporting

  • As per guidelines of RBI on compliance with Accounting Standards, The Bank has adopted "Treasury Operations", Wholesale, Retail and " Banking & Other 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 Employed of International Operations is included in Banking and other
B B Joshi
Executive Director
Ranjan Dhawan
Executive Director
P Srinivas
Executive Director
S S Mundra
Chairman & Managing Director

Place : Mumbai
Date : 31.10.2013

Unaudited Financial Results for the Quarter /Half year ended 30th September, 2013

Sr. No. Particulars Quarter Ended 30.09.2013 Reviewed Quarter Ended 30.06.2013 Reviewed Quarter Ended 30.09.2012 Reviewed Half Year Ended 30.09.2013 Reviewed Half Year Ended 30.09.2012 Reviewed Year Ended 31.03.2013 Audited
1 Interest earned (a)+(b)+(c)+(d) 9473,45 9486,94 8722,55 18960,39 17280,16 35196,65
(a) Interest /discount on advances/bills 6832,31 6668,59 6438,72 13500,90 12865,37 25867,05
(b) Income on investments 2220,27 2100,71 1869,86 4320,98 3601,37 7483,39
(c) Interest on balances with Reserve Bank of India and other inter bank funds 281,32 511,82 338,76 793,14 626,68 1443,02
(d) Others 139,55 205,82 75,21 345,37 186,74 403,19
2 Other Income 973,86 1230,55 828,31 2204,41 1599,11 3630,63
3 Total Income (1 + 2) 10447,31 10717,49 9550,86 21164,80 18879,27 38827,28
4 Interest Expended 6578,66 6597,84 5860,25 13176,50 11619,79 23881,39
5 Operating Expenses (a) + (b) 1744,07 1668,03 1308,03 3412,10 2623,72 5872,11
(a) Employees cost 1030,15 1013,98 751,21 2044,13 1512,20 3449,65
(b) Other operating expenses 713,92 654,05 556,82 1367,97 1111,52 2422,46
6 Total Expenditure (4+5) excluding provisions and contingencies 8322,73 8265,87 7168,28 16588,60 14243,51 29753,50
7 Operating Profit before Provisions and Contingencies (3-6) 2124,58 2451,62 2382,58 4576,20 4635,76 9073,78
8 Provisions (other than tax) and Contingencies 860,83 1017,86 646,41 1878,69 1540,21 4167,92
9 Exceptional Items (Refer Note no. 4) 15,55 15,55 12,44 31,10 24,88 74,63
10 Profit (+)/Loss (-) from Ordinary Activities before tax (7-8-9) 1248,20 1418,21 1723,73 2666,41 3070,67 4831,23
11 Tax expenses 80,10 250,34 422,34 330,44 630,42 350,51
12 Net Profit (+) / Loss (-) from Ordinary Activities after tax (10-11) 1168,10 1167,87 1301,39 2335,97 2440,25 4480,72
13 Extraordinary items (net of tax expenses) - - - - - -
14 Net Profit (+) / Loss (-) for the period (12-13) 1168,10 1167,87 1301,39 2335,97 2440,25 4480,72
15 Paid-up equity share capital (Face Value of Rs.10 each) 422,52 422,52 412,38 422,52 412,38 422,52
16 Reserve excluding Revaluation Reserve (as per balance sheet of previous accounting year) 30442,66 30442,66 25890,79 30442,66 25890,79 30442,66
17 Analytical Ratios
i) Percentage of shares held by Government of India 55.41 55.41 54.31 55.41 54.31 55.41
ii) Capital Adequacy Ratio (%)- Basel-II 12.32 12.70 12.91 12.32 12.91 13.30
Capital Adequacy Ratio (%)- Basel-III 12.07 12.46 -NA- 12.07 -NA- -NA-
iii) Earnings Per Share
Basic and diluted EPS before and after Extraordinary items, net of tax expenses (not annualized) [ in Rs.] 27.73 27.72 31.65 55.45 59.36 108.84
iv) NPA Ratios
(a) Gross NPA 10887,92 9762,55 5879,01 10887,92 5879,01 7982,58
Net NPA 6315,50 5440,67 2384,63 6315,50 2384,63 4192,02
(b) % of Gross NPA 3.15 2.99 1.98 3.15 1.98 2.40
% of Net NPA 1.86 1.69 0.82 1.86 0.82 1.28
v) Return on Assets (annualized) % 0.84 0.85 1.12 0.84 1.06 0.90
18 Public Shareholding
- No. of shares 18,78,43,804 18,78,43,804 18,78,43,804 18,78,43,804 18,78,43,804 18,78,43,804
- Percentage of shareholding 44.59 44.59 45.69 44.59 45.69 44.59
19 Promoters and promoter group Shareholding 23,34,12,499 23,34,12,499 22,32,79,579 23,34,12,499 22,32,79,579 23,34,12,499
(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 bank) -- -- -- -- -- --
(b) Non-encumbered
- Number of shares 23,34,12,499 23,34,12,499 22,32,79,579 23,34,12,499 22,32,79,579 23,34,12,499
- 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 bank) 55.41 55.41 54.31 55.41 54.31 55.41

Notes forming part of the Unaudited financial results for the Quarter / Half year ended 30th September, 2013

  • The above financial results have been reviewed by the Audit Committee of Board in their meeting held on 30th October 2013 and approved by the Board of Directors in their meeting held on 31st October 2013. The same have been subjected to Limited Review by the Statutory Central Auditors of the Bank, in line with the guidelines issued by Reserve Bank of India and as per the requirement of listing agreement with Stock Exchanges.
  • The above results for the quarter/ half year ended 30th September, 2013 have been prepared following the same accounting policy as those followed in the annual financial statements for the year ended 31st March, 2013.
  • 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 ended 30th September 2013. The unamortized pension fund liability of Rs.548.96 crores will be charged proportionately in accordance with the directions contained in the said circular.
  • 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 4th March, 2011. Out of the deficit of Rs.186.58 crores on account of the said take over, the Bank has charged Rs.15.55 crores to the Profit and Loss Account during the quarter ended 30th September, 2013 as approved by RBI vide letter no. DBOD.No.BP.1311/21.04.048/2010-11 dated 25th July 2011. The balance amount of Rs.31.10 Crores will be charged upto financial year 2013-14 .
  • In terms of RBI Circular no DBOD.DP.BC.no 41/21.04.141/2013-14 dated August 23,2013 on investment portfolio of the Banks-Classification, Valuation and Provisioning,the bank has transferred SLR securities (with book value Rs.6483.81 crores) from AFS to HTM category and loss on transfer of such securities has been fully recognized during the quarter ended September 2013.
  • The financial results for the quarter/ half year ended 30th September, 2013 have been arrived at after considering provision for Non performing Assets, Standard Assets, Restructured Assets and depreciation/provision for Investments on the basis of prudential norms and specific guidelines issued by RBI. The Bank has made provision @ 20% on the Secured Sub-standard Advance as against the Regulatory requirement of 15%.
  • Provision for taxes, employee benefits and other provisions for contingencies have been considered on estimated basis.
  • Banks are required to disclose Capital adequacy ratio under Basel-III capital regulations from the quarter ended June 30, 2013. Accordingly, comparative details for previous periods are not applicable.
  • Non Performing Loan Provisioning Coverage Ratio is 61.68 % as on 30th September, 2013.
  • Details of Investor's complaints for the quarter ended 30th September, 2013: Pending at Beginning - Nil; Received - 70; Disposed off - 70; Closing - Nil
  • Statements of Assets & Liabilities is as under:-

Capital & Liabilities

Title As on 30th Sept 2013 Reviewed As on 30th Sept 2012 Reviewed
Capital 422,52 412,38
Reserves and Surplus 35126,83 29681,51
Deposits 484931,04 408149,50
Borrowings 28557,66 26160,22
Other Liabilities and Provisions 13994,63 11423,29
Total 563032,68 475826,90

Assets

Title As on 30th Sept 2013 Reviewed As on 30th Sept 2012 Reviewed
Cash and Balances with Reserve Bank of India 15680,61 17641,57
Balances with Banks and Money at Call and Short Notice 79979,91 54029,33
Investments 111840,14 101430,13
Advances 339855,27 292180,92
Fixed Assets 2497,59 2366,98
Other Assets 13179,16 8177,97
Total 563032,68 475826,90

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 / Half year ended 30th September, 2013

Part A - Business Segments

Segment Revenue

Particulars Quarter Ended 30.09.2013 Reviewed Quarter Ended 30.06.2013 Reviewed Quarter Ended 30.09.2012 Reviewed Half Year Ended 30.09.2013 Reviewed Half Year Ended 30.09.2012 Reviewed Year Ended 31.03.2013 Audited
Treasury Operations 2644,69 3099,91 2202,74 5744,60 4233,72 9199,48
Wholesale Banking 3960,19 3872,12 3623,64 7832,31 7441,11 15026,66
Retail Banking 2573,02 2578,58 2415,55 5151,60 4659,91 9604,56
Banking & Other Operations 1269,41 1166,88 1308,93 2436,29 2544,53 4996,58
Total Revenue 10447,31 10717,49 9550,86 21164,80 18879,27 38827,28

Segment Results

Particulars Quarter Ended 30.09.2013 Reviewed Quarter Ended 30.06.2013 Reviewed Quarter Ended 30.09.2012 Reviewed Half Year Ended 30.09.2013 Reviewed Half Year Ended 30.09.2012 Reviewed Year Ended 31.03.2013 Audited
Treasury Operations 418,95 497,47 386,76 916,42 476,99 1070,13
Wholesale Banking 150,58 (77,08) 155,72 73,50 442,25 (103,95)
Retail Banking 524,95 582,41 704,82 1107,36 1337,77 3085,71
Banking & Other Operations 639,00 727,69 882,65 1366,69 1561,41 2221,71
Total 1733,48 1730,49 2129,95 3463,97 3818,42 6273,60
Unallocated Expenditure 485,28 312,28 406,22 797,56 747,75 1442,37
Profit before Tax 1248,20 1418,21 1723,73 2666,41 3070,67 4831,23
Provision for Tax 80,10 250,34 422,34 330,44 630,42 350,51
Net Profit 1168,10 1167,87 1301,39 2335,97 2440,25 4480,72

Capital Employed

Particulars Quarter Ended 30.09.2013 Reviewed Quarter Ended 30.06.2013 Reviewed Quarter Ended 30.09.2012 Reviewed Half Year Ended 30.09.2013 Reviewed Half Year Ended 30.09.2012 Reviewed Year Ended 31.03.2013 Audited
Treasury Operations 8389,14 8884,36 7818,41 8389,14 7818,41 8526,91
Wholesale Banking 9831,81 8942,34 8306,22 9831,81 8306,22 8927,57
Retail Banking 4743,62 4401,65 4357,86 4743,62 4357,86 4278,82
Banking & Other Operations 12231,13 11257,75 9319,50 12231,13 9319,50 9923,42
Unallocated 353,65 347,77 291,90 353,65 291,90 312,72
Total Capital Employed 35549,35 33833,87 30093,89 35549,35 30093,89 31969,44

Part B - Geographic Segments

Particulars Quarter Ended 30.09.2013 Reviewed Quarter Ended 30.06.2013 Reviewed Quarter Ended 30.09.2012 Reviewed Half Year Ended 30.09.2013 Reviewed Half Year Ended 30.09.2012 Reviewed Year Ended 31.03.2013 Audited
Revenue
Domestic 9178,76 9551,01 8243,18 18729,77 16338,27 33876,70
International 1268,55 1166,48 1307,68 2435,03 2541,00 4950,58
Total 10447,31 10717,49 9550,86 21164,80 18879,27 38827,28
Assets
Domestic 376542,54 370411,22 333304,55 376542,54 333304,55 381404,32
International 186490,14 175516,76 142522,35 186490,14 142522,35 165731,12
Total 563032,68 545927,98 475826,90 563032,68 475826,90 547135,44

Notes on Segment Reporting

  • As per guidelines of RBI on compliance with Accounting Standards, The Bank has adopted "Treasury Operations", Wholesale, Retail and " Banking & Other 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 Employed of International Operations is included in Banking and other
B B Joshi
Executive Director
Ranjan Dhawan
Executive Director
P Srinivas
Executive Director
S S Mundra
Chairman & Managing Director

Place : Mumbai
Date : 31.10.2013

Audited Financial Results for the quarter / year ended 31st March, 2013

Sr.No. Particulars Quarter ended (Standalone) 31.03.2013 Audited Quarter ended (Standalone) 31.12.2012 Reviewed Quarter ended (Standalone) 31.03.2012 Audited Year ended (Standalone) 31.03.2013 Audited Year ended (Standalone) 31.03.2012 Audited Year ended (Consolidated) 31.03.2013 Audited Year ended (Consolidated) 31.03.2012 Audited
1 Interest earned (a)+(b)+(c)+(d) 9071,57 8844,92 8118,52 35196,65 29673,72 36442,06 30488,49
(a) Interest /discount on advances/bills 6516,36 6485,32 6073,88 25867,05 22369,41 26611,35 22866,01
(b) Income on investments 1984,10 1897,92 1639,98 7483,39 6184,73 7887,88 6435,99
(c) Interest on balances with Reserve Bank of India and other inter bank funds 413,13 403,21 232,93 1443,02 837,43 1538,39 901,69
(d) Others 157,98 58,47 171,73 403,19 282,15 404,44 284,80
2 Other Income 1190,93 840,59 897,79 3630,63 3422,33 4510,62 4100,42
3 Total Income (1 + 2) 10262,50 9685,51 9016,31 38827,28 33096,05 40952,68 34588,91
4 Interest Expended 6257,58 6004,02 5321,12 23881,39 19356,71 24486,41 19724,34
5 Operating Expenses (a) + (b) 1822,88 1425,51 1644,26 5872,11 5108,97 6231,73 5405,79
(a) Employees cost 1139,30 798,15 1019,56 3449,65 2985,58 3615,95 3117,27
(b) Other operating expenses 683,58 627,36 624,70 2422,46 2123,39 2615,78 2288,52
6 Total Expenditure (4+5) excluding provisions and contingencies 8080,46 7429,53 6965,38 29753,50 24465,68 30718,14 25130,13
7 Operating Profit before Provisions and Contingencies (3-6) 2182,04 2255,98 2050,93 9073,78 8630,37 10234,54 9458,78
8 Provisions (other than tax) and Contingencies 1598,40 1029,31 843,68 4167,92 2554,82 4965,29 3105,28
9 Exceptional Items (Refer Note no. 5) 37,31 12,44 10,74 74,63 49,75 74,63 49,75
10 Profit (+)/Loss (-) from Ordinary Activities before tax (7-8-9) 546,33 1214,23 1196,51 4831,23 6025,80 5194,62 6303,75
11 Tax expenses (482,52) 202,61 (321,67) 350,51 1018,84 444,14 1087,46
12 Net Profit (+) / Loss (-) from Ordinary Activities after tax (10-11) 1028,85 1011,62 1518,18 4480,72 5006,96 4750,48 5216,29
Less: Minority Interest NA NA NA NA NA 24,79 20,84
Add: Share of earnings in Associates NA NA NA NA NA 78,54 53,12
13 Extraordinary items (net of tax expenses) - - - - - -
14 Net Profit (+) / Loss (-) for the period (12-13) 1028,85 1011,62 1518,18 4480,72 5006,96 4804,23 5248,57
15 Paid-up equity share capital (Face Value of Rs.10 each) 422,52 412,38 412,38 422,52 412,38 422,52 412,38
16 Reserve excluding Revaluation Reserve -- -- -- 30442,66 25890,79 31741,89 26916,45
17 Analytical Ratios
i) Percentage of shares held by Government of India 55.41 54.31 54.31 55.41 54.31 55.41 54.31
ii) Capital Adequacy Ratio (%) 13.30 12.66 14.67 13.30 14.67 13.51 14.97
iii) Earnings Per Share
Basic and diluted EPS before and after Extraordinary items, net of tax expenses (not annualized) [ in Rs.] 24.99 24.61 38.73 108.84 127.84 116.70 134.01
iv) NPA Ratios
(a) Gross NPA 7982,58 7321,45 4464,75 7982,58 4464,75
Net NPA 4192,02 3363,23 1543,64 4192,02 1543,64
(b) % of Gross NPA 2.40 2.41 1.53 2.40 1.53
% of Net NPA 1.28 1.12 0.54 1.28 0.54
v) Return on Assets (annualized) % 0.79 0.84 1.41 0.90 1.24
18 Public Shareholding
- No. of shares 18,78,43,804 18,78,43,804 18,78,43,804 18,78,43,804 18,78,43,804
- Percentage of shareholding 44.59 45.69 45.69 44.59 45.69
19 Promoters and promoter group Shareholding 23,34,12,499 22,32,79,579 22,32,79,579 23,34,12,499 22,32,79,579
(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 bank) -- -- -- -- --
(b) Non-encumbered
- Number of shares 23,34,12,499 22,32,79,579 22,32,79,579 23,34,12,499 22,32,79,579
- 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 bank) 55.41 54.31 54.31 55.41 54.31

Notes forming part of the Audited financial results for the quarter / year ended 31st March, 2013

  • The above financial results have been reviewed by the Audit Committee of Board in their meeting held on 12th May 2013 and approved by the Board of Directors in their meeting held on 13th May 2013. The same have been subjected to audit by the Statutory Central Auditors of the Bank, in line with the guidelines issued by Reserve Bank of India and as per the requirement of listing agreement with Stock Exchanges.
  • The above results for the quarter / full year ended 31st March, 2013 have been prepared following the same accounting policy as those followed in the annual financial statements for the year ended 31st March, 2012.
  • The figures for the quarter ended 31st March, 2013 and the corresponding quarter ended in the previous year as reported in these financial results are the balancing figure between audited figures in respect of the full financial year and the reviewed year to date figures upto the end of the third quarter of the relevant financial year.
  • 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 and Rs.365.98 crores during the year ended 31st March 2013. The unamortized pension fund liability of Rs.731.96 crores will be charged proportionately in accordance with the directions contained in the said circular.
  • 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 4th March, 2011. Out of the deficit of Rs.186.58 crores (after adjusting claim received from DICGCI) on account of the said take over, the Bank has charged Rs.37.31 crores to the Profit and Loss Account during the quarter and Rs.74.63 crores during the year ended 31st March, 2013. As approved by RBI vide letter no. DBOD.No.BP.1311/21.04.048/2010-11 dated 25th July 2011 the balance amount of Rs.62.20 crores will be charged upto Financial Year 2013-14.
  • The financial results for the quarter / year ended 31st March, 2013 have been arrived at after considering provision for Non performing Assets, Standard Assets, Restructured assets and depreciation/provision for Investments on the basis of prudential norms and specific guidelines issued by RBI. The Bank has made provision @ 20% on the Secured Sub-standard Advance as against the Regulatory requirement of 15%. Further the bank has made an additional adhoc provision of Rs. 136.75 Crores during the quarter/year ended 31st March 2013 in certain non performing domestic advance accounts.
  • During the year bank has allotted 1,01,32,920 equity shares of Rs.10/- each at a premium of Rs.828.85 per share, to Government 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.850 crores.
  • Non Performing Loan Provisioning Coverage Ratio (including technical write off) is 68.24% as on 31st March, 2013.
  • The Board of Directors has proposed a dividend of 215% i.e. Rs.21.50 per share (on face value of Rs.10/-) which is subject to approval of shareholders.
  • Details of Investor's complaints for the quarter ended 31st March, 2013: Pending at Beginning - Nil; Received - 76; Disposed off - 76; Closing - Nil
  • Statement of Assets & Liabilities is as under:-

Capital & Liabilities

Title As on 31st Mar 2013 (Standalone) Audited As on 31st Mar 2012 (Standalone) Audited
Capital 422,52 412,38
Reserves and Surplus 31546,92 27064,47
Deposits 473883,34 384871,11
Borrowings 26579,28 23573,05
Other Liabilities and Provisions 14703,38 11400,46
Total 547135,44 447321,47

Assets

Title As on 31st Mar 2013 (Standalone) Audited As on 31st Mar 2012 (Standalone) Audited
Cash and Balances with Reserve Bank of India 13452,08 21651,46
Balances with Banks and Money at Call and Short Notice 71946,83 42517,08
Investments 121393,72 83209,40
Advances 328185,76 287377,29
Fixed Assets 2453,12 2341,51
Other Assets 9703,93 10224,73
Total 547135,44 447321,47

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 / year ended 31st March, 2013

Part A: Business Segments

Sr.No. Particulars Quarter ended (Standalone) 31.03.2013 Audited Quarter ended (Standalone) 31.12.2012 Reviewed Quarter ended (Standalone) 31.03.2012 Audited Year ended (Standalone) 31.03.2013 Audited Year ended (Standalone) 31.03.2012 Audited Year ended (Consolidated) 31.03.2013 Audited Year ended (Consolidated) 31.03.2012 Audited
1 Segment Revenue
(a) Treasury Operations 2623,63 2342,13 1920,04 9199,48 7325,07 9352,38 7453,90
(b) Wholesale Banking 3900,39 3685,16 3468,96 15026,66 13132,60 15095,11 13185,19
(c) Retail Banking 2479,63 2465,02 2380,90 9604,56 8488,31 9887,97 8730,83
(d) Banking & Other Operations 1258,85 1193,20 1246,41 4996,58 4150,07 6617,22 5218,99
Total Revenue 10262,50 9685,51 9016,31 38827,28 33096,05 40952,68 34588,91
2 Segment Results
(a) Treasury Operations 361,86 231,28 548,47 1070,13 887,72 1119,50 925,50
(b) Wholesale Banking (511,65) (34,55) (632,42) (103,95) 965,87 (92,52) 980,42
(c) Retail Banking 1002,75 745,19 792,13 3085,71 2782,37 3144,72 2849,50
(d) Banking & Other Operations 42,38 617,92 920,75 2221,71 2959,73 2545,30 3173,47
Total 895,34 1559,84 1628,93 6273,60 7595,69 6717,00 7928,89
Unallocated Expenditure 349,01 345,61 432,42 1442,37 1569,89 1468,64 1592,86
Profit before Tax 546,33 1214,23 1196,51 4831,23 6025,80 5248,36 6336,03
Provision for Tax (482,52) 202,61 (321,67) 350,51 1018,84 444,14 1087,46
Net Profit 1028,85 1011,62 1518,18 4480,72 5006,96 4804,22 5248,57
3 Capital Employed
(a) Treasury Operations 8526,91 8281,64 6369,46 8526,91 6369,46 8794,21 6572,36
(b) Wholesale Banking 8927,57 8447,52 8612,31 8927,57 8612,31 9132,71 8784,66
(c) Retail Banking 4278,82 4581,67 3879,71 4278,82 3879,71 4468,65 4041,00
(d) Banking & Other Operations 9923,42 9709,39 8330,39 9923,42 8330,39 10566,99 8828,24
(e) Unallocated 312,72 358,33 284,98 312,72 284,98 319,21 290,04
Total Capital Employed 31969,44 31378,55 27476,85 31969,44 27476,85 33281,77 28516,30

Part- B : Geographic Segments

Particulars Quarter ended (Standalone) 31.03.2013 Audited Quarter ended (Standalone) 31.12.2012 Reviewed Quarter ended (Standalone) 31.03.2012 Audited Year ended (Standalone) 31.03.2013 Audited Year ended (Standalone) 31.03.2012 Audited Year ended (Consolidated) 31.03.2013 Audited Year ended (Consolidated) 31.03.2012 Audited
Revenue
Domestic 9045,22 8493,21 7880,74 33876,70 29063,31 35196,20 30048,39
International 1217,28 1192,30 1135,57 4950,58 4032,74 5756,48 4540,52
Total 10262,50 9685,51 9016,31 38827,28 33096,05 40952,68 34588,91
Assets
Domestic 381404,32 340171,80 319459,76 381404,32 319459,76 386487,80 323453,13
International 165731,12 148391,20 127861,71 165731,12 127861,71 172900,53 133958,87
Total 547135,44 488563,00 447321,47 547135,44 447321,47 559388,33 457412,00

Notes on Segment Reporting

  • As per guidelines of RBI on compliance with Accounting Standards, The 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 Employed of International operations is included in other banking operations.
Ranjan Dhawan
Executive Director
Sudhir Kumar Jain
Executive Director
P Srinivas
Executive Director
S S Mundra
Chairman & Managing Director

Place : Mumbai
Date : 13.05.2013

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