AUDITED FINANCIAL RESULTS

FOR THE QUARTER/ YEAR ENDED 31 st MARCH 2010

Rs in lacs
Quarter ended Year Ended
31.03.10 31.03.09 31.03.10 31.03.09
Audited Audited Audited Audited
1 Interest earned (a+b+c+d) 106324 89579 401036 344750
(a) Interest / discount on advances / bills 76789 66824 300933 256598
(b) Income on investment 27219 22004 95987 82813
(c) Interest on balances with Reserve Bank of India
598 455 2022 1720
and other Inter Bank funds
(d) Others 1718 296 2094 3619
2 Other income 17486 14004 58863 43012
3 Total income (1+2) 123810 103583 459899 387762
4 Interest expended 73713 65683 291033 238307
5 Operating expenses (i)+(ii) 22084 19124 84808 76819
(i)Employees Cost 12845 11669 51159 46789
(ii) Other operating expenses (All items exceeding
10% of the total expenditure excluding interest 9239 7455 33649 30030
expenditure may be shown separately)
6 Total expenditure (4+5)
95797 84807 375841 315126
(Excluding provisions and contingencies)
7 Operating Profit (3 - 6)
28013 18776 84058 72636
( Profit before provisions and contingencies)
8 Provisions (other than tax) & Contingencies 8244 5135 15379 18493
9 Exceptional Items 0 0 0 0
10 Profit(+)/Loss(-) from Ordinary Activities before tax (7-8-
19769 13641 68679 54143
9)
11 Tax Expense 6062 2524 17554 11877
12 Net Profit(+)/Loss(-) from Ordinary activities after
13707 11117 51125 42266
tax (10 -11)
13 Extraordinary Items (net of tax expense) 0 0 0 0
14 Net Profit(+)/Loss(-) for the period (12-13) 13707 11117 51125 42266
15 Paid up equity share capital
28682 28682 28682 28682
(Face value of Rs.10/ - per share)
16 Reserve excluding Revaluation Reserve (as per
210623 166209
Balance Sheet of previous accounting year)
17 Analytical Ratios

i Percentage of shares held by Govt. of India 51.19 51.19 51.19 51.19

ii Capital Adequacy Ratio % -[Basel -I] 10.65 10.73 10.65 10.73

[Basel -II] 12.77 12.07
12.77 12.07

Iii Earning per share (EPS) -Not Annualised

a. Basic & diluted EPS before extraordinary

4.78 3.88 17.83 14.74
items(net of tax expense) for the period - Rs.
b. Basic & diluted EPS after extraordinary items(net of
4.78 3.88 17.83 14.74
tax expense) for the period - Rs.
Iv (a) Amount of gross Non Performing Assets 64199 62077 64199 62007
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 (b) Amount of Net Non Performing Assets 42753 31338 42753 31338
(c) % of gross NPAs to gross advances 1.80 2.13 1.80 2.13
(d) % of Net NPAs to Net advances 1.21 1.09 1.21 1.09
v Return on Assets (Annualised) % 1.02% 1.00% 1.01% 1.02%
18 Non Promoters Share Holding
i Number of shares [in lacs] 1400 1400 1400 1400
ii % of share holding 48.81 48.81 48.81 48.81
19 Promoters and promoter group Shareholding
a) Pledged / Encountered
Number of shares NIL NIL NIL NIL
Percentage of shares (as a % oftotal shareholding of
promoter and promoter group)
Percentage of shares (as a % of total share capital of
the company)
Non-encumbered
- Number of Shares [in crores] 14.68 14.68 14.68 14.68
- Percentage of shares (as a % of total shareholding of 100% 100% 100% 100%
promoter and promoter group)

- Percentage of shares (as a % of total share capital of 51.19% 51.19% 51.19% 51.19%
the company)
-

(Rs. In crore)

SUMMARISED BALANCE SHEET

CAPITAL AND LIABILITIES As at 31.03.2010 As at 31.03.2009

Capital 286.82 286.82

Employee stock option outstanding 0.00 0.00
Reserve and surplus 2314.87 1883.67
Deposits 51344.27 43050.61
Borrowings 1561.91 1443.13
Other Liabilities and Provisions 2078.70 1796.28

Total 57586.57 48460.51

ASSETS

Cash and balance with Reserve Bank of India 4355.03 4982.41

Balance with the banks and money at call and short notice 759.49 874.71
Investments 15694.23 12473.08
Advances 35462.44 28877.96
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Fixed Assets 407.28 405.15
Other Assets 908.10 847.20

Total 57586.57 48460.51

SEGMENT WISE RESULTS

(Rs in crores)
Business Segments For the For Quarter For year For Year
Quarter Ended Ended Ended
Ended 31/03/2009 31/03/10 31/03/09
31/03/10
Audited Audited
Segment Revenue
(a) Treasury 326.83 257.98 1217.01 948.11
(b) Corporate / Wholesale Banking 613.40 502.85 2261.41 1844.48
( c) Retail banking 259.52 231.48 999.34 935.79
(d) Other Banking Operations 38.35 43.52 121.23 149.23
Income from Operations 1238.10 1035.83 4598.99 3877.61

Segment Results
(a) Treasury (9.79) 7.73 5.55 15.04
(b) Corporate / Wholesale Banking 218.45 118.75 683.94 517.98
(c) Retail banking 67.89 45.22 272.98 193.26
(d) Other Banking Operations 34.19 37.01 105.63 111.93
Total 310.74 208.71 1068.10 838.21
Less: Unallocated Expenses 113.30 72.30 381.56 296.78
Total Profit before Tax 197.44 136.41 686.54 541.43
Tax Expense 60.37 25.24 175.29 118.77
Net Profit 137.07 111.17 511.25 422.66

Segment Assets
(a) Treasury 19566.35 17052.08 19566.35 17052.08
(b) Corporate / Wholesale Banking 27553.42 22119.35 27553.42 22119.35
( c) Retail banking 9555.13 8545.81 9555.13 8545.81
(d) Other Banking Operations 141.29 0.00 141.29 0.00
(e) Unallocated Assets 770.39 743.27 770.39 743.27
Total Assets 57586.58 48460.51 57586.58 48460.51

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 Segment Liabilities
(a) Treasury 19566.35 17052.08 19566.35 17052.08
(b) Corporate / Wholesale Banking 25105.46 19907.34 25105.46 19907.34
( c) Retail banking 9210.34 8057.14 9210.34 8057.14
(d) Other Banking Operations 867.70 1114.33 867.70 1114.33
(e) Unallocated Liabilities 2836.73 2329.62 2836.73 2329.62
Total Liabilities 57586.58 48460.51 57586.58 48460.51
The Bank does not have any secondary (geographical) segment.

NOTES:

1. Financial results have been arrived at following generally the same Accounting Policies as those
followed in preparation of financial statements for the year ended 31st March 2009.

2. The working results for the quarter / year ended 31.03.2010, have been arrived at after
considering provision for (i) NPAs & Standard Assets (ii) employee benefits (iii) diminution
in the value of investments (iv) income tax, deferred tax, and other contingencies etc.
including adhoc provision of Rs. 70 crore for the year [Rs. 7.50 crore for the quarter] for
proposed wage revision.

3. The Board of Directors have proposed a dividend @ 20% for the year.

4. Reconciliation of entries outstanding as on 31.03.2010 in Inter Bank/ Inter Branch and other
accounts are in progress and in the opinion of the management, consequential impact thereof
on revenue/assets/liabilities is not material.

5. Investors complaints for the quarter ended 31.03.2010 is : Complaints pending at the
beginning of quarter - Nil, received & disposed off during the quarter - 6 , pending at the
end of quarter - NIL .
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6. The above results have been taken on record by the Board of Directors on 27th April,
2010.

7. Corresponding figures have been regrouped/ reclassified, wherever necessary, to make

them comparable with current results.

[ A K Dutt ] [ D. L. Rawal ]

Executive Director Chairman & Managing Director

PLACE : MUMBAI
DATE : 27 th April, 2010

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