Audited Financial Results For The Half Year Ended 31 December 1999
(Rupees in crores)
| Sr. No. | Particulars | Third Quarter ended | Nine-month period ended | Year ended 31 March 1999 | ||
|---|---|---|---|---|---|---|
| 31 Dec 1999 | Dec. 31, 1998 | 31vDec 1999 | Dec. 31, 1998 | |||
| 1. | Interest Income | 205.50 | 143.57 | 593.08 | 377.73 | 544.05 |
| 2. | Other Income | 49.15 | 26.19 | 104.14 | 66.67 | 89.03 |
| 3. | Total Income | 254.65 | 169.76 | 697.22 | 444.40 | 633.08 |
| 4. | Interest Expenditure | 164.70 | 115.33 | 480.78 | 296.93 | 425.51 |
| 5. | Other Expenditure | 28.15 | 16.82 | 71.48 | 43.60 | 65.44 |
| 6. | Total Expenditure | 192.85 | 132.15 | 552.26 | 340.53 | 490.95 |
| 7. | Gross Profit before depreciation, provisions and contingencies | 61.80 | 37.61 | 144.96 | 103.87 | 142.13 |
| 8. | Depreciation on fixed assets | 5.29 | 4.45 | 14.34 | 12.63 | 17.53 |
| 9. | Profit before provisions and contingencies | 56.51 | 33.16 | 130.62 | 91.24 | 124.60 |
| 10. | Provisions and contingencies | 28.25 | 19.12 | 58.26 | 47.14 | 61.24 |
| 11. | Net Profit | 28.26 | 14.04 | 72.36 | 44.10 | 63.36 |
| 12. | Paid up Equity Share Capital | 165.00 | 165.00 | 165.00 | 165.00 | 165.00 |
| 13. | Reserves (excluding Revaluation Reserves) | 215.69 | 145.85 | 215.69 | 145.85 | 143.33 |
| 14. | Total deposits | 8,500.17 | 4,642.32 | 8,500.17 | 4,642.32 | 6,072.94 |
| 15. | Total advances | 2,944.48 | 1,668.15 | 2,944.48 | 1,668.15 | 2,110.12 |
| 16. | Credit-like corporate debt instruments | 1,113.44 | 1,012.07 | 1,113.44 | 1,012.07 | 1,277.48 |
Notes :
- Depreciation on investments and provision on bad debts have been made as per Reserve Bank of India guidelines.
- The Bank had ensured that all critical technological items in use including servers, desktops, office automation applications, network equipment, etc., were Y2K ready. The Bank did not face any Y2K related problems during the transition to 01 January 2000.
- The above results have been taken on record by the Board of Directors of the Bank at its meeting held on 19 January 2000.