Unaudited Financial Results for the Quarter/Half year ended 30th September, 2014

(Rs. in Lacs)
Sr.
No.

Particulars

1
(a)
(b)
(c)
(d)
2
3
4
5
(a)
(b)
6

7
8
9
10
11
12
13
14
15

16
17
i)
ii)
a
b

Interest earned
(a)+(b)+(c)+(d)
Interest /discount on
advances/bills
Income on investments
Interest on balances with
Reserve Bank of India
and other inter bank
funds
Others
Other Income
Total Income (1 + 2)
Interest Expended
Operating Expenses (a) +
(b)
Employees cost
Other operating expenses
Total Expenditure (4+5)
excluding provisions
and contingencies
Operating Profit before
Provisions and
Contingencies (3-6)
Provisions (other than
tax) and Contingencies
Exceptional Items
Profit (+)/Loss (-) from
Ordinary Activities before
tax (7-8-9)
Tax expenses
Net Profit (+) / Loss (-)
from Ordinary Activities
after tax (10-11)
Extraordinary items (net
of tax expenses)
Net Profit (+) / Loss (-)
for the period (12-13)
Paid-up equity share
capital (Face Value of
Rs.10 each)
Reserve excluding
Revaluation Reserve (as
per balance sheet of
previous accounting year)
Analytical Ratios
Percentage of shares
held by Government of
India
Capital Adequacy Ratio
Capital Adequacy Ratio
(%)- Basel-II
Capital Adequacy Ratio
(%)- Basel-III

Quarter Ended
30.06.2014
Reviewed

30.09.2014
Reviewed

Half Year Ended

30.09.2014
30.09.2013
Reviewed
Reviewed

30.09.2013
Reviewed

Year Ended
31.03.2014
Audited

10825,67

10657,96

9473,45

21483,63

18960,39

38939,71

7807,42

7740,35

6832,31

15547,77

13500,90

27878,09

2348,21

2260,53

2220,27

4608,74

4320,98

8695,99

443,42

453,09

281,32

896,51

793,14

1533,86

226,62
991,65
11817,32
7424,56

203,99
1024,54
11682,50
7329,65

139,55
973,86
10447,31
6578,66

430,61
2016,19
23499,82
14754,21

345,37
2204,41
21164,80
13176,50

831,77
4462,74
43402,45
26974,36

1989,83

1873,25

1744,07

3863,08

3412,10

7074,87

1107,83
882,00

1105,50
767,75

1030,15
713,92

2213,33
1649,75

2044,13
1367,97

4139,73
2935,14

9414,39

9202,90

8322,73

18617,29

16588,60

34049,23

2402,93

2479,60

2124,58

4882,53

4576,20

9353,22

888,04

526,71

860,83

1414,75

1878,69

3793,71

----

----

15,55

----

31,10

62,20

1514,89

1952,89

1248,20

3467,78

2666,41

5497,31

410,67

591,01

80,10

1001,68

330,44

956,23

1104,22

1361,88

1168,10

2466,10

2335,97

4541,08

1104,22

1361,88

1168,10

2466,10

2335,97

4541,08

430,68

430,68

422,52

430,68

422,52

430,68

--

--

--

--

--

34502,39

56.26

56.26

55.41

56.26

55.41

56.26

12.69

12.50

12.32

12.69

12.32

12.87

12.19

11.91

12.07

12.19

12.07

12.28

iii) Earnings Per Share

Basic and diluted EPS
before and after
Extraordinary items, net
of tax expenses (not
annualized) [ in Rs.]
iv) NPA Ratios
(a) Gross NPA
Net NPA
(b) % of Gross NPA
% of Net NPA
Return on Assets
v)
(annualized) %
18
Public Shareholding
- No. of shares
Percentage of
shareholding
Promoters and promoter
19
group Shareholding
(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
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)

25.71

31.71

27.73

57.43

55.45

107.38

13057,57
6704,51
3.32
1.74

12086,81
6020,78
3.11
1.58

10887,92
6315,50
3.15
1.86

13057,57
6704,51
3.32
1.74

10887,92
6315,50
3.15
1.86

11875,90
6034,76
2.94
1.52

0.68

0.83

0.84

0.75

0.84

0.75

18,78,43,804

18,78,43,804

18,78,43,804

18,78,43,804

18,78,43,804

18,78,43,804

43.74

43.74

44.59

43.74

44.59

43.74

24,15,71,283

24,15,71,283

23,34,12,499

24,15,71,283

23,34,12,499

24,15,71,283

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

24,15,71,283

24,15,71,283

23,34,12,499

24,15,71,283

23,34,12,499

24,15,71,283

100.00

100.00

100.00

100.00

100.00

100.00

56.26

56.26

55.41

56.26

55.41

56.26

Notes forming part of the Unaudited financial results for the Quarter / Half year ended 30th September, 2014

1. The above financial results have been reviewed by the Audit Committee of Board in their meeting held on 6th November 2014 and approved
by the Board of Directors in their meeting held on 7th November 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.
2. The above results for the quarter / half year ended 30th Sept, 2014 have been prepared following the same accounting policy as those
followed in the annual financial statements for the year ended 31st March, 2014.
3. In accordance with RBI circular no. [Link].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 Sept 2014. The unamortized pension fund liability
of Rs. 182.98 crores will be charged proportionately in accordance with the directions contained in the said circular.
4. The financial results for the quarter / half year ended 30th Sept, 2014 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. Bank has made provision @ 20% on the Secured Sub-standard Advance as against the Regulatory requirement of

15%. Further, Bank has made additional ad-hoc provision of Rs. 340.56 Crores during the half year (during the quarter -NIL-) in certain non
performing domestic advance accounts.
5. Provision for taxes, employee benefits and other provisions for contingencies have been considered on estimated basis.
6. Non Performing Loan Provisioning Coverage Ratio is 65.39 % as on 30th Sept, 2014.
7. During the half year Bank has sold financial Assets with net book value of Rs. 185.54 Crores to Assets reconstruction companies on cash
and Security receipt basis in accordance with RBI guidelines (during current quarter -NIL-). The security receipts are treated as non SLR
Investments.
8. Based on available data, financial statements and the declaration wherever received from the borrowers, the bank has estimated the liability
of Rs.30.10 crores as on 30th September 2014 towards unhedged foreign currency exposures of its constituents in terms of RBI circular no.
[Link] .85/21.06.200/2013-14 dated 15th January 2014 and circular no. [Link].116/21.06.200/ 2013-14 dated 3rd June 2014
and has fully provided for the same.
9. Details of Investor's complaints for the quarter ended 30.09. 2014: Pending at Beginning - Nil; Received - 71; Disposed off - 71; Closing - Nil
10. Statement of Assets & Liabilities is as under:(Rs. In Lacs)
As on 30th Sept 2013
Reviewed

As on 30th Sept 2014

Reviewed
CAPITAL & LIABILITIES
Capital
Reserves and Surplus
Deposits
Borrowings
Other Liabilities and Provisions
TOTAL
ASSETS
Cash and Balances with Reserve Bank of India
Balances with Banks and Money at Call and
Short Notice
Investments
Advances
Fixed Assets
Other Assets
TOTAL

430,68
38204,23
566925,87
35494,19
18707,56
659762,53

422,52
35126,83
484931,04
28557,66
13994,63
563032,68

17445,99

15680,61

112834,07

79979,91

129927,32
385766,26
2795,30
10993,59
659762,53

111840,14
339855,27
2497,59
13179,16
563032,68

11. 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, 2014
Part A: Business Segments
Sr. No.
1

Particulars
Segment Revenue
(a) Treasury Operations
(b) Wholesale Banking
(c) Retail Banking
(d) Banking & Other
Operations
Total Revenue

Quarter Ended
30.09.2014
30.06.2014
30.09.2013
Reviewed
Reviewed
Reviewed

Half Year Ended

30.09.2014
30.09.2013
Reviewed
Reviewed

(Rs. in Lacs)
Year Ended
31.03.2014
Audited

2866,45
4667,62
2859,70

2824,21
4477,55
2944,10

2644,69
3960,19
2573,02

5690,66
9145,17
5803,80

5744,60
7832,31
5151,60

11121,44
16339,73
10863,36

1423,55

1436,64

1269,41

2860,19

2436,29

5077,92

11817,32

11682,50

10447,31

23499,82

21164,80

43402,45

Segment Results
(a) Treasury Operations
(b) Wholesale Banking
(c) Retail Banking
(d) Banking & Other
Operations
Total
Unallocated Expenditure
Profit before Tax
Provision for Tax
Net Profit
Capital Employed
(a) Treasury Operations
(b) Wholesale Banking
(c) Retail Banking
(d) Banking & Other
Operations
(e) Unallocated
Total Capital Employed

235,08
253,09
746,33

959,01
(286,59)
818,96

418,95
150,58
524,95

1194,09
(33,50)
1565,29

916,42
73,50
1107,36

1527,24
(461,11)
3359,84

796,76

941,30

639,00

1738,06

1366,69

2458,02

2031,26
516,37
1514,89
410,67
1104,22

2432,68
479,79
1952,89
591,01
1361,88

1733,48
485,28
1248,20
80,10
1168,10

4463,94
996,16
3467,78
1001,68
2466,10

3463,97
797,56
2666,41
330,44
2335,97

6883,99
1386,68
5497,31
956,23
4541,08

9382,48
10009,20
5145,20

8540,02
10170,74
4844,68

8389,14
9831,81
4743,62

9382,48
10009,20
5145,20

8389,14
9831,81
4743,62

7807,94
10291,53
4559,29

13673,70

13436,01

12231,13

13673,70

12231,13

12937,31

424,33
38634,91

418,96
37410,41

353,65
35549,35

424,33
38634,91

353,65
35549,35

389,61
35985,68

Part- B : Geographic Segments

Quarter Ended
Sr. No.
1

Particulars
Revenue
(a) Domestic
(b) International
Total
Assets
(a) Domestic
(b) International
Total

30.09.2014
Reviewed

30.06.2014
Reviewed

30.09.2013
Reviewed

(Rs. In
Lacs)
Year
Half Year Ended
Ended
30.09.2014 30.09.2013 31.03.2014
Reviewed
Reviewed
Audited

10395,45
1421,87
11817,32

10246,52
1435,98
11682,50

9178,76
1268,55
10447,31

20641,97
2857,85
23499,82

431363,07
228399,46
659762,53

419761,98
226727,59
646489,57

376542,54
186490,14
563032,68

431363,07
228399,46
659762,53

18729,77
2435,03
21164,80

38421,82
4980,63
43402,45

376542,54 427952,61
186490,14 231551,92
563032,68 659504,53

Notes on Segment Reporting :

1.

2.
3.
4.
5.
6.

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

B B Joshi
Executive Director
Place : Mumbai
Date : 07.11.2014

Ranjan Dhawan
Executive Director

P. Srinivas
Executive Director