Audited financial Results FOR THE QUARTER ended June 30, 1998
(Rs. in lacs)
| Sr. No. | Particulars | Quarter ended 30.06.98 | Quarter ended 30.06.97 | Year ended 31.03.98 |
|---|---|---|---|---|
| 1 | Interest Income | 10242 |
6112 |
25970 |
| 2 | Other Income | 1874 |
2165 |
8505 |
| 3 | Total Income | 12116 |
8277 |
34475 |
| 4 | Interest Expenditure | 7632 |
4175 |
18668 |
| 5 | Other Expenditure | 1217 |
1092 |
4314 |
| 6 | Total Expenditure | 8849 |
5267 |
22982 |
| 7 | Gross Profit (+) / Loss (-) after interest but before depreciation and taxation | 3267 |
3010 |
11493 |
| 8 | Depreciation on fixed assets | 400 |
236 |
1447 |
| 9 | Profit before provisions, contingencies and taxes | 2867 |
2774 |
10046 |
| 10 | Provisions and contingencies | 1193 |
1370 |
5024 |
| 11 | Net Profit | 1674 |
1404 |
5022 |
| 12 | Paid up Equity Share Capital | 16500 |
16500 |
16500 |
| 13 | Reserves (Excluding Revaluation reserves) | 11849 |
8342 |
10175 |
| 14 | Total deposits | 367784 |
142090 |
262902 |
| 15 | Total advances | 121342 |
82802 |
112787 |
Notes :
- The Bank has raised subordinated debt (Tier II capital) of Rs.100 crores during the quarter.
- Depreciation on Investments and provision for non-performing assets have been estimated for the whole year and prorated.
- The above results have been taken on record by the Board of Directors of the Bank at its meeting held on July 17, 1998