Audited financial Results FOR THE QUARTER ended 30 June 1998
(₹ in lacs)
| Sr. No. | Particulars | Quarter ended 30 June 1998 | Quarter ended 30.06.97 | Year ended 31 March 1998 |
|---|---|---|---|---|
| 1 | Interest Income | 10,242 | 6112 | 25970 |
| 2 | Other Income | 1874 | 2165 | 8505 |
| 3 | Total Income | 12,116 | 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 | 3,67,784 | 142090 | 262902 |
| 15 | Total advances | 121342 | 82802 | 112787 |
Notes :
- The Bank has raised subordinated debt (Tier II capital) of ₹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 17 July 1998