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.