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Financial Results For The Quarter /Half Year Ended September 30, 2003
(Rs. Cr.) |
Sr.
no |
Particulars |
1 |
2 |
3 |
4 |
5 |
Quarter
ended
30-09-03 |
Quarter
ended
30-09-02 |
Half-year
ended
30-09-03 |
Half-year
ended
30-09-02 |
Accounting
year ended 31-03-03 |
| (Audited) |
(Unaudited) |
(Audited) |
(Audited) |
(Audited) |
| 1 |
Income
from operations |
1720 |
2035 |
3295 |
3700 |
7337 |
| 2 |
Other
income |
23
|
35 |
46 |
54 |
144 |
| 3 |
Total
Expenditure |
|
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|
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(a) Staff cost |
28 |
21 |
50 |
41 |
88 |
| |
(b) Bond issue expenses w/off |
22 |
20 |
36 |
35 |
72 |
| |
(c) Other Expenditure |
29 |
38 |
52 |
63 |
123 |
| |
Total Expenditure (except interest cost) |
79 |
79 |
138 |
139 |
283 |
| 4 |
Interest
Cost |
1188 |
1484 |
2381 |
2927 |
5434 |
| 5 |
Profit
before Depreciation and
provision (1+2-3-4) |
476 |
507 |
822 |
688 |
1764 |
| 6 |
Depreciation |
44 |
52
|
89 |
103 |
199 |
| 7 |
Bad
and doubtful debts/ investments written-off/
provided for |
306 |
341 |
536 |
439 |
1110 |
| 8 |
Profit
before tax (5-6-7) |
126 |
114 |
197 |
146 |
455 |
| 9 |
Provision
for taxation (net of Deferred
tax) |
1 |
(1) |
21 |
(6) |
54 |
| 10 |
Net
profit (8-9) |
125 |
115 |
176 |
152 |
401 |
| 11 |
Paid
up Equity Share Capital
(Face value Rs. 10 per share) |
653 |
653 |
653 |
653 |
653 |
| 12 |
Reserves
excluding Revaluation
Reserves |
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|
6292 |
| 13 |
Earning Per Share (Rs.) (not annualised)
-Basic/ Diluted |
1.92 |
1.76 |
2.70 |
2.33 |
6.15 |
| 14 |
Aggregate
of Non-Promoter shareholding |
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-Number
of share |
271102400 |
271102400 |
271102400 |
271102400 |
271102400 |
| |
-Percentage
of shareholding |
41.53 |
41.53 |
41.53 |
41.53 |
41.53 |
Notes:
- The above
results have been taken on record
by the Board of Directors at
their meeting held on October
29, 2003.
- The working results for quarter/half year ended 30th September 2003 have been arrived at after considering provisions for Bad & Doubtful Debts, Income Tax ( after considering deferred tax adjustments as per AS-22 of ICAI) and other usual and necessary provisions on an estimated basis.
- In case
of investments classified under
Available for Sale, valuation
thereof as required by RBI guidelines
is made on yearly basis.
- There are no reportable segments under Accounting Standard 17 as the bank's operations predominantly comprise of only one segment i.e. Wholesale Banking.
- There were 74 pending investor complaints as on July 1, 2003. During the quarter, the bank received 14992 investor complaints. All the 15066 complaints were redressed during the quarter and no complaints are lying unresolved at the end of the quarter.
- The figures of the previous year/period have been regrouped wherever required.
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By
order of the Board |
| Place
: Mumbai |
sd/- |
| October
29, 2003 |
(M. Damodaran) |
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Chairman
& Managing Director. |
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