Audited financial Results for the half year ended 30 September 1998
(Rupees in crores)
| Sr. No. | Particulars | Half year ended | Second Quarter ended | Year ended 31 March 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 | 4,430.51 | 1,701.19 | 4,430.51 | 1,701.19 | 2,629.02 |
16. | Total advances | 1,461.49 | 851.76 | 1,461.49 | 851.76 | 1,127.87 |
17. | Credit-like corporate debt instruments | 482.96 | 60.31 | 482.96 | 60.31 | 88.90 |
Notes :
- 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.
- The above results have been taken on record by the Board of Directors of the Bank at its meeting held on 26 October 1998.