1126-Oct-09 1

Presentation

on Performance during

Q2 (2009 – 10)

October 26, 2009

22

HighlightsB

alan

ce S

heet

Business stands at Rs. 2.36 lakh Crore

Balance sheet size at Rs1.88 lakh Crore

Deposits at Rs 1,30,677 Cr; growth 64%

CASA at 14.76% of total deposits

Advances at Rs. 1,04,973 Cr; growth 20%

Business per Employee Rs. 20.07 Crore

Profit per Employee Rs. 2.24 lakh

26-Oct-09

33

Highlights P

rofi

tabi

lity

NII – Q2 FY 10 at Rs. 472 Cr (Q2 FY09 Rs.129 Cr)

NII – Q2 FY 10 up by 267%

Fee based income for Q2 FY 10 up by 99% to Rs. 390 Cr (Q2 FY 09 Rs. 196 Cr)

PAT – Q2 FY 10 Rs. 254 Cr (Q2 FY 09 Rs.162 Cr)

PAT for Q2 FY 10 up by 56%

26-Oct-09

44

Highlights

Balance sheet growth at 39%

Total business [Dep. + Adv.] grew by 41% to

Rs. 2,35,650 Cr

CRAR – 11.90 % (PY 09 – 11.57 %)

– Tier I : 6.83% <> Tier II: 5.07 %

Branches increased to 680

ATMs increased to 1121

Oth

ers

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555

Profit & Loss Account(Rs. Crore)

26-Oct-09

Q2 - 10 Q2 - 09 HY 10 HY 09(Rs. Crore) (Rs. Crore) (Rs. Crore) (Rs. Crore)

Interest income 3720 2597 7183 5013Interest expenses 3248 2468 6395 4794Net Interest income 472 129 788 219Other Income 563 421 1318 761Total income 1035 549 2107 980Operating Expenses 398 265 714 476 - Employee Cost 172 114 291 200 - Other Operating Expenses 226 151 423 276Operating Profit 637 285 1393 503Provisions & contingencies 383 122 967 181 - NPAs 114 -10 152 8- Restructured Assets 11 0 530 0 - Others (Invt., Std Asset, etc) 207 110 211 129 - Tax 50 22 74 44Profit After Tax 254 162 426 322

Particulars

666

Details of Other Income(Rs. Crore)

26-Oct-09

Particulars Q2 - 10 Q2 - 09 HY 10 HY 09 FY - 09Commission, Excg & Brkg 347 146 560 253 725Profit on sale of investments 167 121 633 261 410Profit/(Loss) on revaluation of investment -31 -15 -33 -9 -86Profit on sale of Fixed Assets 0 0 0 0 13Profit on forex/derivatives 25 20 40 27 87Dividend from subsidiaries 4 0 18 14 14Recovery from written off cases 27 106 52 132 199Other misc income 25 44 47 81 114Total 563 421 1318 761 1476

7

Key Profitability Indicators

26-Oct-09

Q2 - 10 Q2 - 09 HY - 10 HY - 09 FY - 09Net Interest Margin (%) 1.07% 0.41% 0.95% 0.38% 0.99%

Return on Assets (%) 0.53% 0.49% 0.47% 0.50% 0.62%

Return on Equity (%) 13.15% 9.38% 11.21% 9.30% 12.11%

Cost of all liabilities (%) 6.82% 7.51% 7.07% 7.39% 7.39%

Yield on Total Assets 9.00% 9.19% 9.41% 8.90% 9.34%

Margin (%) 2.17% 1.67% 2.33% 1.51% 1.95%

Cost of Funds (%) 7.45% 8.35% 7.63% 8.18% 8.42%

Return on Earning Assets (%) 9.37% 9.82% 9.81% 9.39% 9.87%

Spread (%) 1.92% 1.47% 2.18% 1.21% 1.45%

Low cost funds to Total Funds (%) 14.76% 16.19% 14.76% 16.19% 14.78%

Net NPA Ratio (%) 1.19% 1.28% 1.19% 1.28% 0.92%

888

Key Operating Indicators

26-Oct-09

Q2 - 10 Q2 - 09 HY - 10 HY - 09 FY - 09Non-interest income to Total Income 13.14% 14.23% 15.51% 13.17% 11.34%

Efficiency [Cost- Net Income] Ratio 38.47% 48.17% 33.89% 48.63% 49.26%

Staff Expenses to total income 4.00% 3.64% 3.34% 3.37% 4.37%

Staff Expenses to total expenses 4.69% 4.02% 3.99% 3.70% 4.89%

Overhead efficiency ratio 141.34% 162.29% 184.63% 159.66% 110.35%

999

Balance Sheet(Rs. Crore)

26-Oct-09

As at 30-Sep-09 30-Sep-08LIABILITIESCapital 725 725Reserve & Surplus 9102 8395[Net Worth] 7839 7089Deposits 130677 79445Borrowings 41526 41625Other Liabilities & provisions 6153 5164Total 188183 135353ASSETSCash & balance with RBI 10473 7750Bal. with banks & money at call 1533 1068Investments 63689 32440Advances 104973 87119Fixed Assets [incl leased assets] 2873 2758Other Assets 4642 4218Total 188183 135353

101010

NPAsA

sset

Qua

lity

26-Oct-09

As at 30-September-2009 (Rs.Crore)Gross Advances 105565Gross NPAs 1844Gross NPAs as % of Gross Advances 1.75 Total Provisions held 592Net Advances 104973Net NPAs 1252Net NPAs as % of Net Advances 1.19 Provision Coverage Ratio 32.13

1111

Strong Capital Position

• Capital considerably higher than the current RBI requirement of 9% and computed as per the norms prescribed under Basel II

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121212

Key Stock IndicatorsShareholding Pattern : September

30, 2009As on Sept 30, 2009Market price per share (Rs) 127.45Market Capitalisation (Rs.crore) 9,238Earnings per share (Rs)(annualised) 14.00Book value per share (Rs) 108.16Price to Book Ratio 1.18P : E Ratio 9.10

@ -Sept 30, 2009

26-Oct-09

Thank You

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