UNAUDITED QUARTERLY FINANCIAL RESULTS FOR THE QUARTER ENDED 30.06.2010
Rs in lakh
|
|
|
UNAUDITED |
AUDITED |
|
|
|
|
Quarter ended |
Year Ended |
|
|
|
|
30.06.2010 |
30.06.2009 |
31.03.2010 |
|
1 |
Interest Earned (a+b+c+d)
|
54463 |
47728 |
204342 |
|
a) |
Interest/Discount on advances/bills |
38368 |
33179 |
138898 |
|
b) |
Income on Investments |
15988 |
14500 |
63346 |
|
c) |
Interest on balances with Reserve Bank of India and other inter bank funds |
27 |
36 |
58 |
|
d) |
Others |
80 |
13 |
2040 |
|
2 |
Other Income |
6867 |
13239 |
31126 |
|
3 |
TOTAL INCOME (1+2) |
61330 |
60967 |
235468 |
|
4 |
Interest expended |
42517 |
43074 |
170779 |
|
5 |
Operating expenses (i+ii) |
11260 |
8725 |
38605 |
|
i) |
Employees Cost |
6842 |
5097 |
20680 |
|
ii)
|
Other operating expenses
|
4418 |
3628 |
17925 |
|
6 |
TOTAL EXPENDITURE ((4+5) excluding provisions & Contingencies) |
53777 |
51799 |
209384 |
|
7 |
Operating Profit before provisions & contingencies (3-6) |
7553 |
9168 |
26084 |
|
8 |
Provisions (other than tax) and Contingencies |
1415 |
1750 |
7108 |
|
9 |
Exceptional Items |
0 |
0 |
0 |
|
10 |
Profit (+)/Loss (-) from Ordinary Activities before tax (7-8-9) |
6138 |
7418 |
18976 |
|
11 |
Tax Expense |
1490 |
3412 |
2264 |
|
12 |
Net Profit (+)/Loss (-) from Ordinary activities after Tax (10-11) |
4648 |
4006 |
16712 |
|
13 |
Extraordinary Items (net of tax expense) |
0 |
0 |
0 |
|
14 |
Net Profit (+)/Loss (-) for the period (12-13) |
4648 |
4006 |
16712 |
|
15 |
Paid up equity share capital(Face Value Rs 10/-) |
13403 |
12158 |
13399 |
|
16 |
Reserves excluding revaluation reserves (as per balance sheet of previous accounting year) |
- |
- |
169876 |
|
17 |
Analytical Ratios |
|
|
|
|
i) |
Percentage of shares held by Government of India |
Nil |
Nil |
Nil |
|
ii) |
Capital Adequacy Ratio (%)i) Basel –I ii) Basel - II |
12.01 12.31
|
13.05 14.38 |
11.85 12.37 |
|
iii) |
Earning per share (EPS) (Rs)a) Basic EPS b) Diluted EPS before Extraordinary items (net of Tax expense) b) ) Basic EPS Diluted EPS after Extraordinary items (net of Tax expense) * Not Annualised
|
3.47* 3.46*
3.47* 3.46* |
3.30* 3.29*
3.30* 3.29* |
13.50 13.45
13.50 13.45 |
|
iv) |
NPA Ratios as on datea) Gross NPA Net NPA b) % of Gross NPA % of Net NPA c) Return on Assets-
|
56826 17233 3.84 1.20 0.68 |
44712 11047 3.74 0.95 0.68 |
54964 18861 3.73 1.31 0.67 |
|
18 |
Public Shareholding -No of Shares -Percentage of Share holding |
134022972 100% |
121574878 100% |
133976322 100% |
|
19 |
Promoters and Promoter group shareholding a) Pledged /encumbered -Number of shares - Percentage of shares(as a % of the total shareholding of promoter and promoter group) -Percentage of shares (as a % of the total share capital of the company.
b) Non-encumbered -Number of shares - Percentage of shares(as a % of the total shareholding of promoter and promoter group) -Percentage of shares (as a % of the total share capital of the company.
|
NA
NA
NA
NA
NA
NA |
NA
NA
NA
NA
NA
NA |
NA
NA
NA
NA
NA
NA |
Notes: 1.The Board of Directors has taken the above financial results for the quarter ended 30th June 2010 on record at their meeting held on 30th July 2010.
2. The above results have been arrived at after considering usual and necessary provisions as per RBI guidelines and in accordance with Income Tax Act and applicable Accounting Standards.
3. The impact on retirement benefits on account of the amendment to the Payment of Gratuity Act 1972 and 9th Bipartite settlement including pension has been amortised over the period of five years on estimated/proportionate basis. Further provision for bonus has been made on an estimated basis.
4. During the year ended March 31, 2010, the Bank had issued 12115564 equity shares of Rs. 10 each for cash pursuant to a Qualified Institutional Placement (QIP) at Rs. 132.75 per share aggregating Rs 160.83 Crore. The Bank has utilized these funds, net of issue expenses, in line with the use of proceeds mentioned in the Placement Document i.e.for augmentation of the capital adequacy ratio of our Bank and for other general corporate purposes in accordance with applicable laws.
5. The Bank has identified four business segments viz Treasury, Corporate and wholesale banking, Retail Banking and Other Banking operations and the Geographic Segments consist of the Domestic Segment only as the Bank does not have any foreign branch. The segment results are annexed.
6. Status of the shareholders complaints is as under:
|
Complaints pending at the beginning of the quarter |
Complaints received during the quarter |
Complaints redressed during the quarter |
Complaints pending at the end of the quarter |
|
Nil
|
2 |
2 |
Nil |
7. The above results have been subjected to Limited Review by the Central statutory Auditors.
8. Corresponding previous period figures have been regrouped / rearranged wherever necessary.
By order of the Board
Place: Mangalore
Date: 30th July 2010 P Jayarama Bhat
Managing Director & C.E.O.
|
Segmentwise Results for the quarter ended 30.06.2010 Rs in Lakhs |
||||
|
|
3 months ended |
year ended |
||
|
Business Segments |
30.06.2010 Reviewed |
30.06.2009 Reviewed |
Audited 31.03.2010 |
|
|
Segment Revenue |
|
|
|
|
|
Treasury |
18311 |
24738 |
80829 |
|
|
Corporate /Wholesale Banking |
20927 |
16928 |
66129 |
|
|
Retail Banking |
20308 |
18140 |
83941 |
|
|
Other Banking Operations |
1784 |
1161 |
4569 |
|
|
Total |
61330 |
60967 |
235468 |
|
|
Segment Results |
|
|
|
|
|
Treasury |
450 |
1304 |
-7768 |
|
|
Corporate /Wholesale Banking |
-275 |
565 |
-5135 |
|
|
Retail Banking |
5042 |
5058 |
30314 |
|
|
Other Banking Operations |
1472 |
1005 |
3788 |
|
|
Total |
6689 |
7932 |
21199 |
|
|
Unallocable expenses |
551 |
514 |
2223 |
|
|
Profit before tax |
6138 |
7418 |
18976 |
|
|
Capital Employed |
|
|
|
|
|
(a)Treasury Operations |
88995 |
83171 |
85826 |
|
|
(b)Corporate Banking |
57892 |
45300 |
59464 |
|
|
(c)Retail Banking |
41084 |
32412 |
37934 |
|
|
(d) Other Banking Operations |
35 |
-22 |
51 |
|
|
Total |
188006 |
160861 |
183275 |
|
|
Part B - Geographic Segments |
|
|
|
|
|
There is only one segment i.e. Domestic segmment |
|
|
|
|