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Unaudited Quarterly Financial Results
Audited Financial results for the year 2008
Audited Financial Results for the year 2009
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Home  >>  About Us  >>  Financial Performance
Audited Results For the Year Ended
 
Untitled Document
(Rs. in lakhs )

Particulars

3 months ended 30.09.08
unaudited

3 months ended 30.09.07 unaudited

6 months ended 30.09.08
unaudited

6 months ended 30.09.07 unaudited

Year ended 31.03.08 Audited
1. Interest earned (a)+(b)+(c)+(d)

35798.20

27291.12

68564.75

52932.06

113403.34

a) Interest / discount on advances
/bills

27558.61

20172.60

52951.23

39534.46

85816.02

b) Income on Investments

8160.13

6582.15

15442.77

12512.71

26326.53

c) Interest on balances with RBI
and other inter bank funds

72.30

452.43

163.59

791.86

1115.82

d) Others

7.16

83.94

7.16

93.03

144.97

2. Other Income

3529.73

3692.13

8402.83

6576.21

15529.72

3. Total Income (1+2)

39327.93

30983.25

76967.58

59508.27

128933.06

4. Interest Expended

25365.98

19115.50

49226.67

35637.00

76535.21

5. Operating Expenses (i+ii)

6103.67

5807.58

11887.47

11187.81

21621.85

(i) Employees cost

2900.86

2637.05

5915.05

5413.80

10178.44

(ii) Other operating expenses

3202.81

3170.53

5972.42

5774.01

11443.41

6. Total Expenditure (4+5) excluding
provisions and contingencies

31469.65

24923.08

61114.14

46824.81

98157.06

7. Operating Profit before Provisions and Contingencies (3-6)

7858.28

6060.17

15853.44

12683.46

30776.00

8. Provisions (other than tax) and Contingencies

1258.12

-298.80

6186.17

-284.06

-47.47

9. Exceptional items

0.00

0.00

0.00

0.00

0.00

10. Profit /Loss from Ordinary activities before tax (7-8-9)

6600.16

6358.97

9667.27

12967.52

30823.47

11.Tax expense

376.53

2017.21

389.94

3831.00

9990.37

12.Net Profit from ordinary activities after tax(10-11)

6223.63

4341.76

9277.33

9136.52

20833.10

13.Extraordinary items (net of tax expense)

0.00

0.00

0.00

0.00

0.00

14.Net Profit for the period (12-13)

6223.63

4341.76

9277.33

9136.52

20833.10

15.Paid-up equity share capital
( FV- Rs.10/-)

5394.96

5393.87

5394.96

5393.87

5394.14

16.Reserves excluding Revaluation Reserveas per balance sheet of previous accounting year

122888.31

113173.36

122888.31

113173.36

113605.89

Particulars

3 months ended 30.09.08 un audited

3 months ended 30.09.07 unaudited

6 months ended 30.09.08
unaudited

6 months ended 30.09.07 unaudited

Year ended 31.03.08 Audited

17. Analytical Ratios

(i) % of shares held by Government of India

0%

0%

0%

0%

0%

(ii) Capital Adequacy Ratio

13.27%

15.42%

13.27%

15.42%

12.58%

(iii) Earnings per share (EPS)

a) Basic and diluted EPS before extraordinary items (not to be annualized)*

11.54*

8.05*

17.20*

16.94*

38.62

b) Basic and diluted EPS after
extraordinary items (not to be annualized)*

11.54*

8.05*

17.20*

16.94*

38.62

(iv) NPA Ratios

a) Gross NPA

22684.64

19815.67

22684.64

19815.67

19426.84

b) Net NPA

5002.29

1332.67

5002.29

1332.67

1729.93

c) % of Gross NPA

2.33%

2.66%

2.33%

2.66%

2.03%

d) % of Net NPA

0.52%

0.18%

0.52%

0.18%

0.18%

e) Return on Assets

1.20%

1.51%

1.20%

1.51%

1.68%

18. Public Shareholding

Number of Shares

51898516

51844576

51898516

51844576

51911298

% of Shareholding

96.20

96.11%

96.20%

96.11%

96.24%

Notes:

  1. The above results have been subjected to limited review by the Statutory Central Auditors and were taken on record by the Board of Directors of the Bank at its meeting held on 28th October 2008.

  1. The working results for the half year ended 30th September 2008 have been arrived at after considering provisions for Non-Performing Assets, Standard Assets, Depreciation on Investments, Taxes on income and other usual and necessary provision.
  1. Information on Investor complaints for quarter ended 30.09.2008 is as under:

i) Pending at the beginning of the quarter - 0
ii) Received during the quarter - 51
iii) Disposed off during the period - 51
iv) Pending at the end of the quarter - 0

  1. Government of India has notified Relief Scheme viz., Agriculture Debt Waiver and Debt Relief Scheme, 2008 for giving debt waiver to marginal and small farmers and to other farmers who have availed direct agricultural loans. The agricultural debt waiver given to the eligible farmers as per the Scheme has been given effect to in

the accounts for the half year. The amounts are subject to certification of claim by
the auditors.

  1. Previous year’s figures have been regrouped / rearranged wherever necessary.

Segment Results
(Rs. in lakhs)

3 months ended 30.09.08 unaudited

6 months ended 30.09.08
unaudited

Year ended 31.03.08 Audited

(a)

Segment Revenue

1. Treasury Operations

8061.48

15314.18

29934.06

2. Corporate/Wholesale Banking Operations

13558.32

27230.74

35152.86

3. Retail Banking Operations

17643.20

34296.71

63568.14

4. Other Banking Operations

64.93

125.95

278.00

Total

39327.93

76967.58

128933.06

(b)

Segment Results

1. Treasury Operations

828.26

2055.01

8531.00

2. Corporate/Wholesale Banking Operations

2934.78

6690.93

9299.79

3. Retail Banking Operations

4707.18

10007.38

19968.21

4. Other Banking Operations

60.14

116.27

256.00

Total

8530.36

18869.59

38055.00

(c)

Unallocated Income/Expenses

672.09

3016.16

7279.00

(d)

Operating Profit

7858.28

15853.44

30776.00

(e)

Income Taxes

376.59

390.00

9990.37

(f)

Other Provisions

1258.06

6186.11

-47.47

(g)

Net Profit

6223.63

9277.33

20833.10

(h)

Other Information

Segment Assets @

1. Treasury Operations

385254.63

385254.63

356281.78

2. Corporate/Wholesale Banking Operations

456285.26

456285.26

425089.68

3. Retail Banking Operations

502303.07

502303.07

517063.05

4. Other Banking Operations

0.00

0.00

0.00

5. Unallocated Assets *

212329.71

212329.71

159868.12

Total

1556172.67

1556172.67

1458302.63

(j)

Segment Liabilities @

1. Treasury Operations

89806.69

89806.69

112623.17

2. Corporate/Wholesale Banking Operations

605805.95

605805.95

583936.40

3. Retail Banking Operations

666903.40

666903.40

710273.81

4. Other Banking Operations

0.00

0.00

0.00

5. Unallocated Liabilities

65373.36

65373.36

51469.25

Total

1427889.40

1427889.40

1458302.63


3 months ended 30.09.08 unaudited

6 months ended 30.09.08
unaudited

Year ended 31.03.08 Audited

Capital Employed

1. Treasury Operations

33646.51

33646.51

29651.51

2. Corporate/Wholesale Banking Operations

39843.00

39843.00

35378.67

3. Retail Banking Operations

43868.38

43868.38

43029.28

4. Other Banking Operations

0.00

0.00

0.00

5. Unallocated

10925.38

10925.38

10940.57

128283.27

128283.27

119000.03

* Cash, Bank balances and RBI balances have been included.

@ Segment Assets/Liabilities are considered only those directly attributable to the respective segment.

There are no significant residual operations carried on by the Bank.

PART B: GEOGRAPHIC SEGMENTS:

The Bank operates only in Domestic segment.
Place: Karur
Date: 28.10.2008
For and on behalf of Board of Directors
-Sd-
P.T.Kuppuswamy
Managing Director & C.E.O

 

 
 
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