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REVIEWED FINANCIAL RESULTS FOR THE QUARTER / NINE MONTHS PERIOD ENDED 31STDECEMBER, 2010

( in lakhs)

Sl.No. Particulars

Quarter ended

(Reviewed)

Nine Months ended

(Reviewed)

Year Ended

(Audited)31.12.2010 31.12.2009 31.12.2010 31.12.2009 31.03.2010

01 Interest earned [(a)+(b)+(c)+(d)] 148251 128265 423528 388126 520065 (a) Interest/discount on advances/bills 103687 96673 301497 287805 383851 (b) Income from investments 42831 30216 118492 95736 128183 (c) Interest on balances with Reserve Bank of India and other inter bank

funds54 - 65 23 23

(d) Others 1679 1376 3474 4563 800802 Other Income 10189 16476 39030 48716 6794503 TOTAL INCOME (1+2) 158440 144741 462558 436843 58801004 Interest Expended 94619 88973 276684 282271 37515705 Operating Expenses (i) + (ii) 31161 25880 92203 80313 107157 (i) Employee costs 20820 17392 62336 54201 70562

(ii) Other operating expenses 10341 8488 29867 26112 3659506 TOTAL EXPENDITURE (4+5) (Excluding provisions and

contingencies)125780 114853 368887 362584 482314

07 OPERATING PROFIT (3 6)(Profit before provisions and contingencies)

32660 29888 93671 74259 105696

08 Provisions (other than tax) and Contingencies 11480 13131 27712 19575 3558209 Exceptional items - - - -10 Profit/(Loss) from Ordinary Activities before tax (7-8-9) 21180 16757 65959 54684 7011411 Tax Expenses[(i)+(ii)+(iii)+(iv)] 6000 4300 19000 17047 19385 (i) Current Tax 6150 5521 11497 21359 25212 (ii) Deferred Tax (150) (1221) 7503 (4312) (5827)

12 Net Profit/(Loss) from Ordinary Activities after tax (10-11) 15180 12457 46959 37637 5072913 Extraordinary Items (Net of Tax Expense) - - - - -

14 Net Profit/(Loss) for the period (12-13) 15180 12457 46959 37637 5072915 Paid up equity share capital

(Face value of each share- ` 10/-)43352 43352 43352 43352 43352

16 Reserves excluding Revaluation Reserves (As per Balance Sheet of previous accounting year)

222995 188455 222995 188455 188455

17 Analytical Ratios(i) Percentage of shares held by Government of India 53.87 53.87 53.87 53.87 53.87

(ii) Capital Adequacy Ratio (%)Basel I 12.85 12.01 12.85 12.01 11.79

Basel II 13.67 13.34 13.67 13.34 12.50 (iii) Earnings per share (EPS) (Not annualized)

(a) Basic and Diluted EPS before Extraordinary Items (Net of TaxExpenses for the period, for the year to date and for the previous year)

3.09 2.87 9.83 8.68 11.70

(b) Basic and Diluted EPS after Extraordinary Items for the period,for the year to date and for the previous year

3.09 2.87 9.83 8.68 11.70

(iv) NPA Ratiosa) Amount of Gross Non Performing Assets 107290 99532 107290 99532 99445

b) Amount of Net Non Performing Assets 59854 51228 59854 51228 58156 c) Percentage of Gross Non Performing Assets 2.46 2.53 2.46 2.53 2.37 d) Percentage of Net Non Performing Assets 1.38 1.30 1.38 1.30 1.40 (v) Return on Assets (Annualised) (%) 0.86 0.77 0.88 0.77 0.76

18 Public share holding- Number of shares 200000000 200000000 200000000 200000000 200000000

- Percentage of share holding 46.13 46.13 46.13 46.13 46.1319 Promoters and Promoter Group Shareholding

a) Pledged / EncumberedNumber of Shares Nil Nil Nil Nil Nil

Percentage of shares (as a percentage of total shareholding of promoter and promoter group)

Nil Nil Nil Nil Nil

Percentage of shares (as a percentage of total share capi tal of thecompany)

Nil Nil Nil Nil Nil

b) Non-encumbered


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Number of Shares (in million) 233.52 233.52 233.52 233.52 233.52 Percentage of shares (as a percentage of total shareholding of

promoter and promoter group)100.00 100.00 100.00 100.00 100.00

Percentage of shares (as a percentage of total share capi tal of thecompany)

53.87 53.87 53.87 53.87 53.87

( ` in lakhs)SEGMENTWISE RESULTS, ASSETS AND LIABILITIES FOR THE NINE MONTHS

PERIOD ENDED 31.12.2010Sl.No.

Particulars Quarter Ended

31.12.2010(Reviewed)

Quarter Ended


NineMonthsEnded


NineMonthsEnded

31.12.2009(Reviewed))

Year Ended

31.03.2010(Audited)

NOTES:1. The above financial results have beenapproved by the Board of Directors of the Bank atits meeting held on 24th January, 2011.2. There has been no change in the AccountingPolicies and Practices in preparation of thesefinancial statements as compared to thosefollowed in the preceding financial year ended31st March 20103. The above financial results have beensubjected to 'Limited Review' by the StatutoryCentral Auditors of the Bank in terms of RBIguidelines and SEBI Listing Agreement.4. Working results for nine months periodended on 31.12.2010 have been arrived at after

making necessary provisions on estimated basisfor Income Tax, Wealth Tax, Bonus, Depreciationand provision for Employee Benefits. Provisionsfor NPAs, Standard Assets and Depreciation onInvestments have been made on the basis of prudential norms issued by the Reserve Bank of India.5. The provision in respect of 2nd pensionoption and gratuity on account of enhancement inceiling (Based on actuarial valuation) is beingamortised over a period of five years pending finaldecision by the competent authority.

Accordingly ` 95.31 Crore have beenprovided in the current quarter relating to theperiod from 1st April 2010 to 31st December

2010.6. During the year 2010-11 Government of Indiahas infused additional Tier I Capital of ` 700Crore by subscribing to Perpetual NonCumulative Preference Shares.7. The figures of the previous period have beenregrouped / rearranged, wherever necessary.8. Provision coverage ratio is 67.60 % as on31st December, 2010. RBI has permitted timeupto 31.03.2011 for achieving the prescribed ratioof 70%.9. The number of investors complaints pendingin the beginning of the quarter is Nil. Number of complaints received and resolved during thequarter is 913.

a) Segment Revenue # i) TreasuryOperations

46105 39885 133101 123501 164169

ii) Whole SaleBanking

62619 56060 172890 161937 216839

iii) Retail Banking 41068 40612 128607 125867 167012iv) Other BankingOperations

8648 8184 27960 25538 39990

Total 158440 144741 462558 436843 588010

b) Segment Resulti) TreasuryOperations

9878 8582 27892 22021 30876


13396 11858 36230 28875 40781

iii) Retail Banking 8823 8738 26950 22441 31412iv) Other BankingOperations.

1862 1765 5861 4554 7520

Total 33959 30943 96933 77891 110589 c) Unallocated

Expenses1299 1055 3262 3632 4893

d) Operating Profit 32660 29888 93671 74259 105696e) Provisions &

Contingencies11480 13131 27712 19575 35582

f) Income Tax 6000 4300 19000 17047 19385g) Extraordinary Profit - - - - -h) Net Profit 15180 12457 46959 37637 50729i) Other Information -

j) Segment Assetsi) TreasuryOperations

2502484 2408682 2502484 2408682 2446248


2898197 2447147 2898197 2447147 2665128

iii) Retail Banking 1737148 1684144 1737148 1684144 1778241iv) Other BankingOperations

27424 26622 27424 26622 37327

v) UnallocatedAssets 99726 85614 99726 85614 95264

Total Assets 7264979 6652209 7264979 6652209 7022208k) Segment Liabilities

i) TreasuryOperations

2375563 2311300 2375563 2311300 2351429


2751206 2348209 2751206 2348209 2561824

iii) Retail Banking 1649043 1616054 1649043 1616054 1709314iv) Other BankingOperations.

26033 25545 26033 25545 35880

v) UnallocatedLiabilities

463134 351101 463134 351101 363761

Total Liabilities 7264979 6652209 7264979 6652209 7022208# The Bank operatesonly in domesticsegment.

Place: Bangalore Date: 24th January, 2011

SHUBHALAKSHMI PANSEExecutive Director

ALBERT TAUROChairman & Managing Director

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