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Audited financial Results FOR THE QUARTER ended June 30, 1998
(Rs. in lacs)
| Sr.
No. |
Particulars
|
Quarter ended
30.06.98
|
Quarter ended
30.06.97
|
Year ended 31.03.98
|
| 1 |
Interest
Income |
10242
|
6112
|
25970
|
| 2 |
Other
Income |
1874
|
2165
|
8505
|
| 3 |
Total
Income |
12116
|
8277
|
34475
|
| 4 |
Interest
Expenditure |
7632
|
4175
|
18668
|
| 5 |
Other
Expenditure |
1217
|
1092
|
4314
|
| 6 |
Total
Expenditure |
8849
|
5267
|
22982
|
| 7 |
Gross
Profit (+) / Loss (-) after interest but before depreciation
and taxation |
3267
|
3010
|
11493
|
| 8 |
Depreciation
on fixed assets |
400
|
236
|
1447
|
| 9 |
Profit
before provisions, contingencies and taxes |
2867
|
2774
|
10046
|
| 10 |
Provisions
and contingencies |
1193
|
1370
|
5024
|
| 11 |
Net Profit |
1674
|
1404
|
5022
|
| 12 |
Paid
up Equity Share Capital |
16500
|
16500
|
16500
|
| 13 |
Reserves
(Excluding Revaluation reserves) |
11849
|
8342
|
10175
|
| 14 |
Total
deposits |
367784
|
142090
|
262902
|
| 15 |
Total
advances |
121342
|
82802
|
112787
|
|
Notes :
| 1. |
The Bank has raised subordinated
debt (Tier II capital) of Rs.100 crores during the quarter. |
| 2. |
Depreciation on Investments
and provision for non-performing assets have been estimated
for the whole year and prorated. |
| 3 |
The above results have
been taken on record by the Board of Directors of the Bank at
its meeting held on July 17, 1998 |
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