HomeAbout UsFinancial ResultsFinancial Results 2009-2010

 AUDITED FINANCIAL RESULTS FOR THE YEAR ENDED 31ST MARCH 2010  

 [Rs in Lakhs]                    

 

3 months ended

3 months ended

Year Ended Year Ended
 Particulars    31.03.2010  31.03.2009
 31.03.2010
 31.03.2009
     

 Audited

 Audited

1. Interest earned (a) + (b) +(c) +(d)
51380
47068
193572
168692
(a) Interest/discount on advances/bills
40599
34491
151862
127090
(b) Income on investments
10077
9868
37807
35881
 (c) Interest on balances with Reserve Bank of India and other inter-bank funds
704
2709
3903
5721
(d) Others
-
-
-
-
2. Other Income
4385
4814
20846
16427
3. Total income (1+2)
55765
51882
214418
185119
4. Interest expended
43492
32496
136743
116404
5. Operating Expenses (i) + (ii)
7113
9769
36618
32848
(i) Employees cost
3311
6951
22632
21418
(ii) Other operating expenses
3802
2818
13986
11430
6. Total expenditure (4)+ (5) excluding provisions & contingencies
50605
42265
173361
149252
7. Operating Profit before provisions and contingencies (3) - (6)
5160
9617
41057
35867
8.Provisions (other than tax) and contingencies
(308)
1445
4326
5730
9.Exceptional Items
-
-
-
-
10. Profit from Ordinary Activities before tax (7)-(8)-(9)
5468
8172
36731
30137
11.Tax expense - Current Tax
1363
1290
14295
8856
                        - Deferred Tax
243
1828
(940)
1731
                        - Fringe Benefit Tax
-
27
-
75
12.Net Profit from Ordinary Activities after tax (10)-(11)
3862
5027
23376
19475
13. Extra ordinary items (Net of Tax Expense)
-
-
-
-
14. Net Profit for the period (12+13)
3862
5027
23376
19475
15. Paid up equity share capital (Face Value Rs.10)
11301
11301
11301
11301
16. Reserves excluding revaluation reserves
 
 
135364
117259
17. Analytical Ratios
 
 
 
 
 i)Percentage of shares held by Goverment of India
Nil
Nil
Nil
Nil
 ii) Capital Adequacy Ratio (%) a) BASEL I
14.73
13.89
14.73
13.89
                           b) BASEL II
15.39
14.76
15.39
14.76
 iii) Earning Per Share (EPS)
 
 
 
 
   (a) Basic EPS - before and after Extraordinary items (Rs.)
3.42*
4.45*
20.69
17.23
   (b) Diluted EPS - before and after Extraordinary items (Rs.)
3.40*
4.45*
20.58
17.23
 iv) NPA Ratios    (a) Gross NPA
21100
26056
21100
26056
 Net NPA
6157
13431
6157
13431
         (b) % of Gross NPA
1.32
2.18
1.32
2.18
         % of Net NPA
0.39
1.13
0.39
1.13
 v) Return on Assets
0.16*
0.26*
1.07
1.09
18. Public Shareholding
 
 
 
 
      - No.of Shares (in lakhs)
1130
1130
1130
1130
      - Percentage of shareholding
100%
100%
100%
100%
19. Promoters and promoter group shareholding
 
 
 
 
     (a) Pledged/ Encumbered
 
 
 
 
         - Number of shares
NIL
NIL
NIL
NIL
         - Percentage of shares[as a % of the total
 
 
 
 
           shareholding of promoter and promoter group]
NIL
NIL
NIL
NIL
        - Percentage of shares [as a % of the total
 
 
 
 
          share capital of the company]
NIL
NIL
NIL
NIL
     (b) Non Encumbered
 
 
 
 
         - Number of shares
NIL
NIL
NIL
NIL
         - Percentage of shares[as a % of the total
 
 
 
 
           shareholding of promoter and promoter group]
NIL
NIL
NIL
NIL
        - Percentage of shares [as a % of the total
 
 
 
 
          share capital of the company]
NIL
NIL
NIL
NIL

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

* Not annualised

Notes:

1. The above audited financial results for the year ended March 31, 2010 reviewed by the Audit Committee of the Board have been taken on record by the Board of Directors at their meeting held on April 30, 2010.

2. The Board of Directors has recommended a dividend of Rs. 4 per share (40%) for the year ended 31st March 2010 (previous year Rs. 3 per share (30%)), subject to the approval of the members at the ensuing Annual General Meeting.

3. The working results have been arrived at after considering provisions for Gratuity, Pension, Leave Encashment and other retirement benefits based on acturial valuation in terms of AS-15, provision for NPAs and amortisation on investments as per RBI guidelines, provision for wage revision on an estimated basis and provision for taxes.

4. The Bank had granted 30,72,500 options on November 21, 2009 equivalent to same number of Equity Shares to its employees under Employee Stock Option Scheme 2008 and appropriate adjustments have been made in the employee cost for the discount allowed.

5. The bank had issued 9.75% unsecured, redeemable, non-convertible subordinated Lower Tier II Bonds with a tenure of 128 months in the nature of promissory notes, for an aggregate amount of Rs. 200 Crore during the year by private placement.

6. Details of Investor complaints:

Complaints at the beginning of the quarter
Received during the quarter
Redressed during the quarter
Unresolved as on 31.03.2010
0
84
84
0

7. In terms of RBI Circular DBOD No. BP. BC. 64/ 21.04.048/ 2009-10 dated December 1, 2009, our NPA Provision Coverage Ratio is 70.82 % as against 70% prescribed by RBI to be achieved by September 30, 2010.

8. Previous period's/year's figures have been regrouped, wherever necessary to conform to the current period's classification.

 

Segmentwise Results

[Rs in Lakhs]

1. Segment Revenue
3 months ended
Year ended
 31.03.2010
 31.03.2009
 31.03.2010
 31.03.2009
       

Audited

Audited

    a) Treasury
11884
13933
51720
46886
    b) Corporate/ Wholesale Banking
17505
15861
62123
50119
    c) Retail Banking 
25577
20515
98021
85417
    d) Other Banking Operations
799
1573
2554
2697
                      Total
55765
51882
214418
185119
        Less : Inter – segment Revenue  
-
 
-
-
    Income from Operations
 
55765
51882
214418
185119
2. Segment Results
 
 
 
 
 
Profit(+)/Loss(-) before tax and after interest from each segment)
 
 
 
 
    a) Treasury
(3954)
(2504)
4186
(2759)
   b) Corporate/ Wholesale Banking
1317
3361
5598
4534
    c) Retail Banking
7417
7024
28130
27144
    d) Other Banking Operations
688
1291
2117
2218
     Total
 
5468
9172
40031
31137
Less: unallocated expenditure
0
1000
3300
1000
Profit Before Tax
 
5468
8172
36731
30137
3.Capital Employed
 
 
 
 
 
    a) Treasury
715561
607520
715561
607520
    b) Corporate/ Wholesale Banking
733370
544707
733370
544707
    c) Retail Banking
848922
640084
848922
640084
    d) Other Banking Operations
-
-
-
-
                      Total
2297853
1792311
2297853
1792311

By order of the Board


 DR. V. A. JOSEPH
(MD & CEO)

Thrissur
April 30, 2010