Show Hide
Internet Banking Login Apply Online Get In Touch

Poll         Stay Connected         Safe Banking

Offer Zone Rates & Charges
Rates & Charges
 
FD, RD & iWish
General
(390 days - 2 yrs)
6.75% Apply Now
Senior Citizens
(390 days - 2 yrs)
7.25% Apply Now
 
Loans
Home Loan
(Upto 30 lacs)
8.35*% Apply Now
Personal Loan
(Upto 20 lacs)
10.99*% Apply Now

More Rates       Service Charges & Fees 

Tools and Calculators

Audited Financial Results for the year ended March 31, 1999

(Rupees in crores)
Sr.
No.
Particulars Fourth Quarter ended Year ended
March 31, 1999 March 31, 1998 March 31, 1999 March 31, 1998
1 Interest income

166.32

91.85

544.05

258.49

2 Other income

22.36

16.93

89.03

85.05

3 Total income

188.68

108.78

633.08

343.54

4 Interest expenditure

128.58

69.80

425.51

185.47

5 Other expenditure

21.84

11.75

65.44

43.14

6 Total expenditure

150.42

81.55

490.95

228.61

7 Gross Profit before depreciation, provisions and contingencies

38.26

27.23

142.13

114.93

8 Depreciation on fixed assets

4.90

4.35

17.53

14.47

9 Profit before provisions and contingencies

33.36

22.88

124.60

100.46

10 Provision for taxes

12.13

2.63

33.78

22.78

11 Provision for depreciation on investments

(10.24)

11.26

(4.84)

13.80

12 Other provisions and contingencies

12.21

0.87

32.30

13.66

13 Profit after tax [9 – (10+11+12) ]

19.26

8.12

63.36

50.22

14 Paid up Equity Share Capital

165.00

165.00

165.00

165.00

15 Reserves (excluding Revaluation Reserves)

143.33

101.75

143.33

101.75

16 Total deposits

6,072.94

2,629.02

6,072.94

2,629.02

17 Total advances

2,110.12

1,127.87

2,110.12

1,127.87

18 Credit - like Corporate debt instruments

1,277.48

269.07

1,277.48

269.07

 

Notes :

  1. The figures for the previous year ended March 31, 1998 have been regrouped and reclassified wherever necessary.
  2. The Board of Directors have recommended a dividend of Rs. 1.20 per equity share (12 per cent) for the year ended March 31, 1999.
  3. The Bank has made a detailed assessment of the risks posed to its operations by the Year 2000 (Y2K) problem and has initiated appropriate risk-mitigation measures, including a Business Continuity Plan, which would ensure that all critical operations are maintained and customer transactions fully protected. The Board of Directors monitors the project every month. The Bank has spent an amount of Rs. 49.52 lakhs during 1998-99 on the Y2K Project. The expenditure on this project during the year 1999-2000 is estimated to be Rs. 50 lakhs.
  4. The above results have been taken on record by the Board of Directors of the Bank at its meeting held on April 22, 1999.