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Audited financial Results for the half year ended September 30, 1998
(Rupees in crores)
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Sr. No.
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Particulars
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Half year ended
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Second Quarter ended
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Year ended Mar 31,
1998
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Sept 30, 1998
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Sept 30, 1997
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Sept 30, 1998
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Sept 30, 1997
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1.
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Interest
Income |
234.16
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123.53
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131.74
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62.41
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259.70
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2.
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Other
Income |
40.48
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39.81
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21.74
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18.16
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85.05
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3.
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Total
Income |
274.64
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163.34
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153.48
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80.57
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344.75
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4.
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Interest
Expenditure |
181.60
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84.88
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105.28
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43.13
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186.68
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5.
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Other
Expenditure |
26.78
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20.96
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14.61
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10.04
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43.14
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6.
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Total
Expenditure |
208.38
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105.84
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119.89
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53.17
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229.82
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7.
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Gross
Profit after interest but before depreciation and taxation |
66.26
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57.50
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33.59
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27.40
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114.93
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8.
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Depreciation
on fixed assets |
8.18
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5.24
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4.18
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2.88
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14.47
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9.
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Profit
before provisions, contingencies and taxes |
58.08
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52.26
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29.41
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24.52
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100.46
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10.
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Provision
for taxation |
13.30
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13.76
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5.25
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4.72
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22.78
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11.
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Provision
for contingencies |
14.72
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10.43
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10.84
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5.77
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27.46
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12.
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Net
Profit {9-(10+11)} |
30.06
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28.07
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13.32
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14.03
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50.22
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13.
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Paid
up Equity Share Capital |
165.00
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165.00
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165.00
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165.00
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165.00
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14.
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Reserves
(Excluding Revaluation reserve) |
131.81
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97.45
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131.81
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97.45
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101.75
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15.
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Total
deposits |
4430.51
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1701.19
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4430.51
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1701.19
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2629.02
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16.
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Total
advances |
1461.49
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851.76
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1461.49
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851.76
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1127.87
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17.
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Credit-like
corporate debt instruments |
482.96
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60.31
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482.96
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60.31
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88.90
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Notes :
- Provision for non-performing assets
and depreciation on investments have been estimated for the whole
year and more than 50% provided from half yearly results.
- The above results have been taken
on record by the Board of Directors of the Bank at its meeting
held on October 26, 1998.
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