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Audited financial Results for the half year ended September 30, 1998

(Rupees in crores)

Sr. No. Particulars Half year ended Second Quarter ended Year ended Mar 31, 1998
Sept 30, 1998 Sept 30, 1997 Sept 30, 1998 Sept 30, 1997

1.

Interest Income

234.16

123.53

131.74

62.41

259.70

2.

Other Income

40.48

39.81

21.74

18.16

85.05

3.

Total Income

274.64

163.34

153.48

80.57

344.75

4.

Interest Expenditure

181.60

84.88

105.28

43.13

186.68

5.

Other Expenditure

26.78

20.96

14.61

10.04

43.14

6.

Total Expenditure

208.38

105.84

119.89

53.17

229.82

7.

Gross Profit after interest but before depreciation and taxation

66.26

57.50

33.59

27.40

114.93

8.

Depreciation on fixed assets

8.18

5.24

4.18

2.88

14.47

9.

Profit before provisions, contingencies and taxes

58.08

52.26

29.41

24.52

100.46

10.

Provision for taxation

13.30

13.76

5.25

4.72

22.78

11.

Provision for contingencies

14.72

10.43

10.84

5.77

27.46

12.

Net Profit {9-(10+11)}

30.06

28.07

13.32

14.03

50.22

13.

Paid up Equity Share Capital

165.00

165.00

165.00

165.00

165.00

14.

Reserves (Excluding Revaluation reserve)

131.81

97.45

131.81

97.45

101.75

15.

Total deposits

4430.51

1701.19

4430.51

1701.19

2629.02

16.

Total advances

1461.49

851.76

1461.49

851.76

1127.87

17.

Credit-like corporate debt instruments

482.96

60.31

482.96

60.31

88.90

 

Notes :

  1. 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.
  2. The above results have been taken on record by the Board of Directors of the Bank at its meeting held on October 26, 1998.