Annual Report Analysis Of

IndusInd Bank
ysis Of
 BALANCE SHEET AS AT MARCH 31, 2009

SCHEDULE As at 31.03.09
CAPITAL AND LIABILITIES

Capital I 3,551,921
Employee Stock Options Outstanding XVIII (9) 11,510
Reserves and Surplus II 13,080,511

Deposits III 221,102,527

Borrowings IV 18,564,553
Other Liabilities and Provisions V 19,835,803

TOTAL 276,146,825

ASSETS
Cash and Balances with Reserve Bank of
India VI 11,907,898
Balances with Banks and Money at Call and
Short Notice VII 7,329,049

Investments VIII 80,834,055

Advances IX 157,706,359
Fixed Assets X 6,231,934

Other Assets XI 12,137,530

TOTAL 276,146,825

Contingent Liabilities XII 442,991,733

Bills for Collection 2937,73,35

Principal Accounting Policies XVII

Notes on Accounts XVIII
 Common Size Balance Sheet
Rupees in '000s
As at 31.03.08 As at 31.03.09 As at 31.03.08

3,200,000 1.2862% 1.3756%

5,068 0.0042% 0.0022%
10,292,066 4.7368% 4.4244%

190,374,227 80.0670% 81.8396%

10,954,346 6.7227% 4.7091%
17,793,112 7.1831% 7.6490%

232,618,819 100.0000% 100.0000%

15,262,614 4.3122% 6.5612%

6,517,718 2.6540% 2.8019%

66,296,961 29.2721% 28.5003%

127,953,076 57.1096% 55.0055%
6,251,484 2.2567% 2.6874%

10,336,966 4.3953% 4.4437%

232,618,819 100.0000% 100.0000%

309,819,307
1761,20,60
 PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED MARCH 31, 2009

SCHEDULE

I. INCOME
Interest Earned XIII
Other Income XIV
TOTAL
II. EXPENDITURE
Interest Expended XV
Operating Expenses XVI
Provisions and Contingencies
TOTAL

III. PROFIT
Profit brought forward
AMOUNT AVAILABLE FOR APPROPRIATION TOTAL
IV. APPROPRIATIONS
Transfer to
a) Statutory
b) Capital
c) Investment Reserve Account
d) Dividend
e) Corporate

Balance transferred to Balance Sheet

TOTAL
Earnings per share (basic)(Rupees) XVIII(10.6)
Earnings per share (diluted)(Rupees) XVIII(10.6)
Principal Accounting Policies XVII
Notes on Accounts XVIII
NDED MARCH 31, 2009 Common Size P&L Sheet
Rupees in '000s
Year ended Year ended Year ended Year ended
31.03.09 31.03.08 31.03.09 31.03.08

23,094,744 18,806,609 83.50% 86.34%

4,562,535 2,975,777 16.50% 13.66%
27,657,279 21,782,386 100.00% 100.00%

18,504,414 15,798,597 66.91% 72.53%

5,470,341 4,021,928 19.78% 18.46%
2,199,136 1,211,323 7.95% 5.56%
26,173,891 21,031,848 94.64% 96.55%

1,483,388 750,538 5.36% 3.45%

2,429,907 2,113,912 8.79% 9.70%
3,913,295 2,864,450 14.15% 13.15%

370,847 187,635 1.34% 0.86%

534,029 22,413 1.93% 0.10%
15,323 – 0.06%
447,115 191,885 1.62% 0.88%
75,987 32,610 0.27% 0.15%
1,443,301 434,543 5.22% 1.99%
2,469,994 869,086 8.93% 3.99%
3,913,295 2,864,450 14.15% 13.15%
4.28 2.35
4.27 2.35
 CASH FLOW STATEMENT FOR THE YEAR ENDED MARCH 31, 2009

A. Cash Flow from Operating Activities

Net Profit after taxes
Adjustments for non-cash charges :
Depreciation on Fixed Assets
Provision on Investments
Tax Provisions (Income Tax/ Wealth Tax/ Deferred Tax)
Employees Stock Option Expenses
Loan loss and Other Provisions
Interest on Tier II / Upper Tier II bonds (treated separately)
(Profit) / Loss on sale of Fixed assets
Operating Profit before Working Capital changes
Adjustments for :
Increase in trade and Other Receivables (Advances and Other Assets)
Increase in Inventories (Investments)
Increase in Trade Payables (Deposits, Borrowings and Other Liabilities)
Cash generated from Operations
Direct taxes paid
Net Cash from Operating Activities

B. Cash Flow from Investing Activities

Purchase of Fixed Assets
Sale of Fixed Assets (Proceeds)
Net Cash used in Investing Activities

C. Cash Flow from Financing Activities

Proceeds from GDR issue – Capital
– Premium
Dividends paid
Proceeds from Issue of Unsecured Non-Convertible Redeemable
Subordinated Tier II Bonds
Proceeds from Unsecured Non-convertible Redeemable Non-Cumulative
Subordinated Upper Tier II Bonds
Redemption of Sub-ordinated Tier II capital
Interest on Tier II / Upper Tier II bonds
Net Cash used in Financing Activities
Net increase in Cash and Cash Equivalents
Cash and Cash Equivalents as on the first day of the year
Cash and Cash Equivalents as on the last day of the year
HE YEAR ENDED MARCH 31, 2009

(Rs. in crores)
For the year ended 31.3.2009 For the year ended 31.3.2008

148.34 75.05

44.17 40.16
(3.09) 3.63
79.15 39.23
0.64 0.51
143.85 37.29
77.27 76.58
2.6 (14.7)
492.93 257.75

(3311.17) 1769.75
(1450.62) 741.67
3946.23 1991.82
(322.63) 261.85
67.22 65.26
(389.85) 327.11

51.05 56.98
2.06 15.75
48.99 41.23

35.19 –
187 –
24.92 22.45

100 50

– –
35.5 –
77.27 76.58
184.5 49.03
254.34 417.37
2178.03 2595.4
1923.69 2178.03
KEY FINANCIAL RATIOS
Productivity Ratios Formula 2008-09 2007-08

The profit per employee has up by 50% whi

Profit per employee (Rs Thousands) Net profit/ Number of employees 349.0 261.6 The bank's net profit hasn’t been effected wh

This shows that the assets per employee is

Assets Per employee (Rs Thousands)
Avg Assets/ Number of full tyme employees 59,840.7 ratio the better for the bank.

Average Personel Expenses (Rs Here we can see that the average personel
Thousands) Personel Expenses/ Number of full time the increase in the salaries and the downsiz
employees 440.2 424.9 has achieved almost double the average pro

Loan Per Employee (Rs Thousands) Loans/ Total number of employees 37,098.65 44,598.49

Net Income per employee (Rs The profit per employee has gone up almos
Thousands) Net income/ Number of employees 348.95 261.60 2008. The bank's net profit hasn’t been effec

Profitability ratios Formula 2008-09 2007-08

There has been an increase in the return on

Return On Assets (ROA) Net income/ Total assets 0.58% its assets has gone up from 2007-3008. It sh

The return on equity has gone up from 200

Return on Equity Net income / Total equity capital 41.76% every rupee of capital the return is about 11

Burden Non interest expense - Non interest income 3,106,942 2,257,474

Net non interest margin Burden/ Avg total Assets 1.22%

 Non Interest Expense/( Net Interest income+
Efficiency Ratio Non interest income) 1 1

Average Cost of Deposits 8.22% 7.84%

Average Yield on Advances 13.23% 11.76%

Cost- Income Ratio 59.77% 67.21%

EPS (in Rs.) 4.28 2.35

Bank Performance Model (Rs Thousands)

INCOME
Return to shareholders 27,657,279
ROE = NI / TE
41.76%

Return to the Bank

ROA = NI / TA
0.58%
 EXPENSES
26,173,891

Degree of levarage
EM =1 / (TE / TA)
77.75
 Analysis

e profit per employee has up by 50% which is a very good sign for the bank.There is also increase in the net profit per employee
e bank's net profit hasn’t been effected which means the bank is operating efficiently now.

s shows that the assets per employee is over 410 crores which is still very high. For a bank the lesser the asset per employee
o the better for the bank.

e we can see that the average personel expense has increased by over Rs.27 thousand per employee. This could be because of
increase in the salaries and the downsize from the previous year.With a meagre increase in the expense per employee the bank
achieved almost double the average profit per employee.

e profit per employee has gone up almost twice which is a very good sign for the bank. The bank has downsized 2791 to 2744 in
8. The bank's net profit hasn’t been effected which means the bank is operating efficiently now.

ere has been an increase in the return on assets from 2007 to 2008. This increase shows that the efficiency of the bank to utilize
assets has gone up from 2007-3008. It shows that for every every 100 rupees of assets the banks able to earn 65 paise.

e return on equity has gone up from 2007 to 2008 . This ratio gives the return on equity employed. This shows that in 2008 for
ry rupee of capital the return is about 11 paise.
 Interest
23,094,744

Non Interest
4,562,535

Interest expended
18,504,414
Operating Expenses
 5,470,341

Non Interest Expended

7,669,477

Provisions and Contingencies

2,199,136
 Composition Of Capital Tier 1 and Tier 2 as on 31-03-2009

Tier I Capital
Paid up Share Capital
Reserves
Innovative Instruments
Other Capital Instruments
Gross Tier I Capital
Deductions
Investments in Subsidiaries and Associates
Credit enhancements under Securitisation
Net Tier I Capital
Tier II Capital
Upper Tier II Bonds
Sub-ordinated debts
General Provisions / IRA and Revaluation Reserves
Gross Tier II Capital
Deductions
Investments in Subsidiaries and Associates
Credit enhancements under Securitisation
Net Tier II Capital
Total eligible capital
Debt Capital instruments eligible for inclusion in Upper Tier 2 Capital
Total amount outstanding
Of which amount raised during the current year
Amount eligible to be reckoned as Capital funds
Subordinated debt eligible for inclusion in Lower Tier 2 Capital
Total amount outstanding
Of which amount raised during the current year
Amount eligible to be reckoned as Capital funds
Tier I Capital Funds
Tier II Capital Funds
Total Eligible Capital Funds

Capital Adequacy
Capital Requirements for Credit Risk,Market Risk, and operational Risk as on march 31,2009
Risk Type
Capital requirements for Credit Risk
Portfolio Subject to Standardised approach
Securitisation exposures
Capital requirements for Market Risk
Standardised Duration Approach
Interest Rate Risk
Foreign Exchange Risk (including gold)
Equity Risk
Capital requirements for Operational Risk
Basic Indicator Approach
Total Capital requirements at 9%
Total Capital Funds
CRAR
2 as on 31-03-2009

355.19
1,072.04
-
-
1,427.23

0.55
0.45
1,426.23

308.90
439.10
166.69
914.69

0.55
0.45
913.69
2,339.92
308.90
308.90
-
308.90

651.60
100.00
439.10
1,426.23
913.69
2,339.92

ational Risk as on march 31,2009

Rs. in crores
1,548.44
1,547.99
0.45
30.98

15.02
9.00
6.96
98.53
98.53
1,677.95
2,339.92
12.55%
 ASSET QUALITY
Movements in NPAs
2008-09 2007-08
Gross NPAs As at April 1 392.31 342.73
Additions during the year 219.00 155.49
Deletions during the year 356.29 105.91
As at March 31 255.02 392.31

Provisions As at April 1 101.29 68.98

Add: Provisions made during the year 137.96 53.04
Less: Write-off, write back of excess prov 163.36 20.73
As at March 31 75.89 101.29
Net NPAs as at March 31 179.13 291.02

2008-09 2007-08

1) Net NPAs to Total Assets 6.49% 12.51% .Net NPA to total assets is reducing whic
The Net NPAs are measured as a
percentage of Total Assets

2) Net NPAs to Net Advances 11.36% 22.74% Net advances have increased and net NP
reduction in Net NPA's to Net Advances
In this ratio,Net NPAs are measured as
a percentage of Net Advances.

3) Total Investments to Total Assets 29.27% 28.50% This ratio is used as a tool to measure th
investments, which by conventional defin
arrived at by dividing total .of a bank
investments by total assets.

4) Percentage Change in Net NPAs 38.45% This measure gives the movement in Net
It is given by the following formula: previous year. The lower the percentage c
.assets
% Change in Net NPAs =
(NNPAs(Opening) – NNPAs(Closing)/
NNPAs (Opening).
UALITY
in 000's
2008-09 2007-08
Gross NPAs 255020.00 392310
Net NPA 179130 291020
Net Advances 157,706,359 127,953,076
Total Investments 80,834,055 66,296,961
Total Assets 276,146,825 232,618,819

A non performing asset (NPA) is

i. interest and/ or instalment of pr
more than 90 days in respect of a

to total assets is reducing which is a good sign

ces have increased and net NPA's have decreased resulting in the
n Net NPA's to Net Advances

is used as a tool to measure the percentage of total assets locked up in

nts, which by conventional definition, doesn’t form part of the core income

ure gives the movement in Net NPAs in relation to Net NPAs in the
ear. The lower the percentage change, the better the quality of
A non performing asset (NPA) is a loan or an advance where;
i. interest and/ or instalment of principal remain overdue for a period of
more than 90 days in respect of a term loan,
 In 000's

Management
2008-09
Total Advances 157,706,359
Deposits 221,102,527
Profit 1,483,388
Business tot adv+tot dep 378,808,886
Net Worth 16,632,432
No of employees 4251

1) Total Advance to Deposits 71.33%

It is arrived at by dividing total asset by total deposits

2) Profit Per Employee 348.95

It is arrived at by dividing the net profit earned by
the bank by total number of branches.

3) Business Per Employee 89110.54

It is arrived at by dividing the total business
by the total number of employees.

4) Return on Net Worth 8.92%

This ratio is calculated by dividing PAT by the net worth
 2007-08
127,953,076
190,374,227
750,538
318,327,303
13,492,066
2,869
This ratio measures the efficiency of the management in converting the deposits available with the
67.21% bank (excluding other funds like equity capital, etc.) into advances. Total Deposits include demand
deposits, savings deposits, term deposits and deposits of banks. Total Advances also include the
.receivables

This measures the efficiency of the employee.The higher the ratio, the higher the efficiency of
261.60 management

This tool measures the efficiency of all the employees of a bank in generating business for the bank.
110954.10 .By business we mean the sum of Total Advances and Total Deposits in a particular year

5.56% This ratio measures the returns obtained by the shareholders. The higher the ratio the better for
.share holders
 sits available with the
osits include demand
nces also include the

r the efficiency of

business for the bank.

icular year

ratio the better for

 EARNINGS QUALITY
Operating Profit by Avearge Working Funds

This is arrived at by dividing the operating profit by average working funds. Working funds is the daily average of the tota

INTEREST EARNED 2008-2009 2007-08

I. Interest/discount on advances/bills 17933112 14253294
II. Income from investments 4832401 4034701
III. Interest on balance with RBI and other inter-bank funds 157727 219163
IV. Others 171504 299451
Total 23094744 18806609
INTEREST EXPENDED
I. Interest on Deposits 15759694 14011544
II. Interest on RBI/Inter-bank borrowings 1199696 558352
III. Other interest* 1545024 1228701
Total 18504414 15798597

PROVISIONS AND CONTINGENCIES 2,199,136 1,211,323

Total Assets 276,146,825 232,618,819

Average Working Funds 254382822

Operating profit 1,229,773

Operating Profit/Avg Working Funds 0.48%

Percentage Growth in Net Profit

It is the percentage change in net profit from last year.

I I I . PROFIT 2008-2009 2007-08

Net Profit for the year 1,483,388 750,538

% Growth 97.64

Spread

It is an important measure of a bank’s core income (income from lending operations). It is the difference between the intere
Assets. Interest income includes dividend income. Interest expended includes interest paid on deposits, loans from RBI, an
It is an important measure of a bank’s core income (income from lending operations). It is the difference between the intere
Assets. Interest income includes dividend income. Interest expended includes interest paid on deposits, loans from RBI, an

4590330 3008012
Difference in Interest earned and interest expended:

Total Assets 276,146,825 232,618,819

Difference/Total Assets(spreads) 1.66 1.29

Remarks: The larger the spread, the favourale it is as the numerator reflects net interest income.

Net Profit/Average Assets

This ratio measures return on assets employed or the efficiency in utilization of the assets. It is arrived at by dividing the n
assets in the current year and previous year.

ASSETS 2008-2009 2007-08

Total Assets 276,146,825 232,618,819

Avg Assets 254382822

I I I . PROFIT
Net Profit for the year 1,483,388 750,538

Net Profit/Average Assets 0.58313214246833

Interest Income/Total Income

This ratio measures the income from lending operations as a percentage of the total income generated by the bank in a year
deposits with RBI, and dividend income.

INTEREST INCOME 2008-2009 2007-08

I. Interest/discount on advances/bills 17933112 14253294
III. Interest on balance with RBI and other inter-bank funds 157727 219163
IV. Others 171504 299451
Total 18262343 14771908

INCOME
Interest earned 42898681 33153253
Other income 5813474 4468860
Total 48712155 37622113

Interest Income/ Total Income 0.37490320434397 0.39263897804

Non-Interest Income/Total Income

This measures the income from operations other than lending as a percentage of total income. Non-interest income is the in
advances and deposits with RBI.

NON-INTEREST INCOME 2008-2009 2007-08

II. Income from investments 4832401 4034701
Other Income 5813474 4468860
Total 10645875 8503561

INCOME
Interest earned 23,094,744 18,806,609
Other income 4,562,535 2,975,777
Total 27657279 21782386

Non-Interest Income/Total Income 0.3849212715394 0.39038703106

is the daily average of the total assets during the year

difference between the interest income and interest expended as a percentage of Total
n deposits, loans from RBI, and other short-term and long-term loans.
s arrived at by dividing the net profit by average assets, which is the average of total

enerated by the bank in a year. Interest income includes income on advances, interest on
Non-interest income is the interest income earned by the banks excluding income on
 LIQUIDITY
CASH AND BALANCE WITH RESERVE BANK OF INDIA 2008-2009 2007-08
I. Cash in hand (including foreign currency notes) 1,418,778 1,080,779
II. Balances with Reserve Bank of India
(a) In current accounts 10,489,120 14,181,835
(b) In other accounts - -
Total 11907898 15262614

BALANCES WITH BANKS AND MONEY

AT CALL AND SHORT NOTICE
I . In India
(i) Balances with Banks :
(a) In current accounts 2,270,562 3,175,219
(b) In other deposit accounts 3,833,010 2,167,846
Total 6103572 5343065
(ii) Money at call and short notice :
(a) With banks 963,680 280,840
(b) With Other Institutions – 674,016
Total 963680 954856
II. Outside India
(i) In current accounts 261,797 219,797
ii) IN OTHER DEPOSIT ACCOUNTS – 674,016
(iii) Money at call and short notice 963,680 280,840
Total 1225477 1174653
Total 8292729 7472574

TOTAL ASSETS 276,146,825 232,618,819

LIQUID ASSETS 14097055 17392123
G-SECURITIES 62,943,591 54,357,127
APPROVED SECURITIES 37,531 37,618
DEMAND DEPOSITS 29,549,653 18,018,961
TOTAL DEPOSITS 221,102,527 190,374,227

RATIOS

LIQUID ASSETS/TOTAL ASSETS 5.10% 7.48%

GOVERNMENT SECURITIES/TOTAL ASSETS 22.79% 23.37%
APPROVED SECURITIES/TOTAL ASSETS 0.01% 0.02%
LIQUID ASSET/TOTAL DEPOSIT 6.38% 9.14%
 SCHEDULES

SCHEDULE - I CAPITAL
Authorised Capital
50,00,00,000 (Previous year 40,00,00,000) equity shares of Rs.10/- each

Issued, Subscribed and Called Up Capital

35,50,00,000 (Previous year 31,98,07,936) equity shares of Rs.10/- each

Paid up Capital
35,50,00,000 (Previous year 31,98,07,936) equity shares of Rs.10/- each
Add : Forfeited 3,84,200 (Previous year 3,84,200) equity shares of Rs.10/- each

On June 24, 2008, Bank issued 3,51,92,064 equity shares of Rs.10/- in the form of Global Depository
Receipts each representing one share at a price of US $ 1.47 per
GDR. Accordingly as at March 31, 2009, the paid-up share capital and share premium account under
reserves of the Bank stand increased by Rs.35,19,21 and Rs.186,99,83
respectively.
TOTAL

SCHEDULE - II RESERVES AND SURPLUS

1 Statutory Reserve
Opening balance
Additions during the year

2 Capital Reserve
Opening balance
Additions during the year

3 Share Premium Account

Opening balance
Additions during the year

4 General Reserve
Opening balance

5 Investment Allowance Reserve

Opening balance

6 Investment Reserve Account

Opening Balance
Additions during the year

7 Balance in Profi t & Loss Account

8 Revaluation Reserve
Opening balance
Addition during the year
Deduction during the year

TOTAL (1-8)
 Rupees in '000s
As at 31.03.09 As at 31.03.08

5000000 4000000

3550000 3198079

3550000 3198079
1921 1921

3551921 3200000

988084 800449
370847 187635
1358931 988084

322737 300324
534029 22413
856766 322737

4129639 4129639
1869983 –
5999622 4129639

13557 13557
13557 13557

10000 10000
10000 10000

––
15323 –
15323 –
2469994 2429907

2398142 –
– 2407798
41824 9656
2356318 2398142
13080511 10292066
 SCHEDULES

As at 31.03.09
SCHEDULE - III DEPOSITS
A 1 Demand Deposits
i) From Banks 402,502
ii) From Others 29,147,151
2 Savings Bank Deposits 12,999,356
3 Term Deposits
i) From Banks 23,782,193
ii) From Others 154,771,325

TOTAL (1, 2 & 3) 221,102,527

B Deposits of Branches
1 In India 221,102,527
2 Outside India
TOTAL 221,102,527

SCHEDULE - IV BORROWINGS
1 Borrowings in India
i) Reserve Bank of India 2,000,000
ii) Other Banks 590,931
iii) Other Institutions and Agencies 8,467,062
2 Borrowings outside India 7,506,560
TOTAL (1 & 2) 18,564,553
Secured borrowings included in 1 & 2 above –

SCHEDULE - V OTHER LIABILITIES AND PROVISIONS

1 Inter-office Adjustments (Net) 136,544
2 Bills Payable 2,749,664
3 Interest Accrued 2,086,977
4 Unsecured Non-Convertible Redeemable Debentures/Bonds (Subordinated
for Tier-II Capital) 6,516,000
5 Unsecured Non-Convertible Redeemable Non-Cumulative
Subordinated Upper Tier II Bonds 3,089,000
6 Others (including Provisions and proposed dividend) 5,257,618

TOTAL 19,835,803

SCHEDULE - VI CASH AND BALANCES WITH RESERVE BANK OF INDIA

1 Cash in hand (including foreign currency notes) 1,418,778
2 Balances with Reserve Bank of India
i) In Current Accounts 10,489,120
ii) In Other Accounts
––
TOTAL (1 & 2) 11,907,898
Rupees in '000s
As at 31.03.08

368,917
17,650,044
11,864,250

14,090,749
146,400,267

190,374,227

190,374,227

190,374,227

190,000
647,775
5,626,601
4,489,970
10,954,346
–

27,060
3,173,687
1,772,032

5,871,000

3,089,000
3,860,333

17,793,112

1,080,779

14,181,835

15,262,614
 SCHEDULES

SCHEDULE - VII BALANCES WITH BANKS AND MONEY AT CALL AND SHORT NOTICE
1 In India
i) Balances with Banks
a) In Current Accounts
b) In Other Deposit Accounts
ii) Money at Call and Short Notice with banks

2 Outside India
i) In Current Accounts
ii) In Other Deposit Accounts
iii) Money at Call and Short Notice

Schedule - VIII INVESTMENTS

1 Investments in India
Gross Value
Less : Provision for Depreciation
Net value of Investments in India
Comprising :
i) Government securities
ii) Other approved securities
iii) Shares
iv) Debentures and bonds
v) Subsidiaries and/ or Joint Ventures
vi) Others - Deposits under RIDF scheme with NABARD
Security Receipt and Others
2 Investments Outside India

SCHEDULE - IX ADVANCES
A i) Bills Purchased and Discounted
ii) Cash Credits, Overdrafts and Loans Repayable on Demand
iii) Term Loans

B i) Secured by Tangible Assets (includes advances against book debts)

ii) Covered by Bank / Government Guarantees (includes advances against L/Cs issued by Banks)
iii) Unsecured

C i) Advances in India
a) Priority Sector
b) Public Sector
c) Banks
d) Others

ii) Advances Outside India

S
Rupees in '000s
As at 31.03.09 As at 31.03.08

2,270,562 3,175,219
3,833,010 2,167,846

TOTAL (i & ii) 6,103,572 5,343,065

261,797 219,797
– 674,016
963,680 280,840
TOTAL (i, ii & iii) 1,225,477 1,174,653
GRAND TOTAL (1 & 2) 7,329,049 6,517,718

80,883,399 66,457,983
49,344 161,022
80,834,055 66,296,961

62,943,591 54,357,127
37,531 37,618
357,192 390,562
142,504 402,121
5,000 5,000
16,566,998 11,025,133
781,239 79,400
––
TOTAL (1 & 2) 80,834,055 66,296,961

13,858,815 4,460,055
50,894,833 37,099,856
92,952,711 86,393,165
TOTAL 157,706,359 127,953,076
137,477,632 116,878,804
7,894,171 1,727,472
12,334,556 9,346,800
TOTAL 157,706,359 127,953,076

55,687,857 50,055,311
1,740,639 1,385,676
77,315 48,904
100,200,548 76,463,185
TOTAL 157,706,359 127,953,076
– –
TOTAL ( i & ii) 157,706,359 127,953,076
 SCHEDULES

SCHEDULE - X FIXED ASSETS

1 PREMISES
i) At cost as at the beginning of the year
ii) Revaluation during the year
iii) Additions during the year

iv) Less : Deductions during the year

v) Less : Depreciation to date
TOTAL
2 Other Fixed Assets (including furniture & fixtures)
i) At cost as at the beginning of the year
ii) Additions during the year[includes Assets given on lease Rs.225,71,92 (Previous year
Rs.225,71,92)]

iii) Less : Deductions during the year

iv) Less : Depreciation to date
TOTAL

3 Capital Work in Progress

TOTAL (1, 2 & 3)

SCHEDULE - XI OTHER ASSETS
1 Interest Accrued
2 Tax Paid in Advance / tax deducted at source (net of provision)
3 Stationery & Stamps
4 Non-banking assets acquired in satisfaction of claims
5 Others [includes Deposits with banks Rs.98,35,54 being credit enhancement against
Securitised Assets (Previous year Rs.210,07,81)]
TOTAL
SCHEDULE - XII CONTINGENT LIABILITIES
1 Claims against the Bank not acknowledged as debts
2 Liability on account of outstanding Forward Exchange Contracts
3 Liability on account of outstanding Derivative Contracts
4 Guarantees given on behalf of constituents
a) In India
b) Outside India
5 Acceptances, Endorsements and Other Obligations
6 Other Items for which the Bank is contingently liable
TOTAL
 Rupees in '000s
As at 31.03.09 As at 31.03.08

4023757 1563174
- 2407798
45195 52,785.00
4,068,952 4,023,757
8318
227922 170577
3,832,712 3,853,180

5675521 5187565

421878 509680
6097399 5697245
91496 21724
3746183 3373473
2259720 2302048

139502 96256

6,231,934 6,251,484

2086180 1944420
2436677 2201715
15681 11775
601346 565441

6997646 5613615
12137530 10336966

2477661 2366200
304536688 171128504
98308730 91489952

17467744 18031370
- -
20200910 26803281
- -
442991733 309819307
 Moment of NPAs and Provision of NPAs as on 31 March, 2009

A Amount of NPAs (Gross)

Sub-standard
Doubtful 1
Doubtful 2
Doubtful 3
Loss
B Net NPAs
C NPA ratios
Gross NPA to Gross advances (%)
Net NPA to Net advances (%)
D Movement of NPAs (Gross)
Opening Balance as on 01 .04.08
Additions during the year
Reductions during the year
Closing Balance as on 31.03.09
E Movement of provision for NPAs
Opening as on 01 .04.08
Provision made in 2008-09
Write off / Write back of excess provisions
Closing as on 31.03.09

Non Performing Investmets and movement of provision for depreciation on Non Performing Investments

A Amount of Non-Performing Investments

B Amount of provision held for non-performing investments
C Movement of provision for depreciation on investments
Opening as on 01 .04.08
Add: Provision made in 2008-09
Less: Write-off/ write-back of excess provision
Closing Balance as on 31.3.09

Items
(i) Net NPAs to Net Advances (%)
(ii) Movement in NPAs (Gross)
a) Opening Balance
b) Additions during the year
c) Reductions during the year
d) Closing Balance
(iii) Movement in Net NPAs
a) Opening Balance
b) Additions during the year
c) Reductions during the year
d) Closing Balance
(iv) Movement in provisions for NPAs
(excluding provisions on standard assets)
a) Opening Balance
b) Provisions made during the year
c) Write-off/write-back of excess provisions
d) Closing Balance
on 31 March, 2009

137.16
78.58
32.43
6.64
0.21
179.13

1.61%
1.14%

392.31
219.00
356.29
255.02

101.29
137.96
163.36
75.89

eciation on Non Performing Investments

0
0

16.10
0.01
11.18
4.93

2008-2009 2007-2008
1.14% 2.27%

392.31 342.73
219.00 155.49
356.29 105.91
255.02 392.31

291.02 273.75
81.04 102.45
192.93 85.18
179.13 291.02

101.29 68.98
137.96 53.04
163.36 20.73
75.89 101.29
 SCHEDULES

Year ended
31.03.09
SCHEDULE - XIII INTEREST EARNED
1 Interest / Discount on Advances / Bills 17933112
2 Income on Investments 4832401
3 Interest on Balances with RBI and Other Inter-Bank Funds 157727
4 Others 171504
TOTAL 23094744

SCHEDULE - XIV OTHER INCOME

1 Commission, Exchange and Brokerage 1391018
2 Profit on Sale of Investments / Derivatives (Net) 1215548
3 Profit / (Loss) on Sale of Land, Buildings and Other Assets (-) 306276
4 Profit on exchange transactions (Net) 718766
5 Income earned by way of dividend from companies in India 28795
6 Miscellaneous Income 1514684
TOTAL 4562535

SCHEDULE - XV INTEREST EXPENDED

1 Interest on Deposits 15759694
2 Interest on Reserve Bank of India / Inter-Bank Borrowings 1199696
3 Others including interest on Subordinate Debts and Upper Tier II bonds 1545024
TOTAL 18504414

SCHEDULE - XVI OPERATING EXPENSES

1 Payments to and Provisions for Employees 1871444
2 Rent, Taxes and Lighting (includes operating lease rentals) 496362
3 Printing and Stationery 130901
4 Advertisement and Publicity 155116
5 Depreciation on Bank's Property 441682
6 Directors' Fees, Allowances and Expenses 5519
7 Auditors' Fees and Expenses (includes branch auditors) 9976
8 Law Charges 128746
9 Postage, Telegrams, Telephones, etc. 274714
10 Repairs and Maintenance 417049
11 Insurance 202234
12 Service Provider Fees 574506
13 Other Expenditure 762092
TOTAL 5470341
Rupees in '000s
Year ended
31.03.08

14253294
4034701
219163
299451
18806609

1009809
194423
6709
288935
3735
1485584
2975777

14011544
558352
1228701
15798597

1218966
365888
112373
21068
401586
6083
9839
131642
232076
308484
173479
463557
576887
4021928
Schedule No. XVIII
NOTES ON ACCOUNTS
1 Capital Adequacy Ratio:In terms of its guidelines for implementation of new capital adequacy framework issued on 27th April 2007, RB
to migrate to the revised frame work for capital computation (under Basel II) with effect from March 31, 2009. The migration is proposed in
required to compute their capital requirements in terms of both Basel I and Basel II. The minimum capital to be maintained by Bank under t
and 80% of the capital requirement under Basel I over the year March 2009, 2010 and 2011 respectively.

The capital adequacy ratio of the Bank, calculated as per RBI guidelines (Basel I requirement being higher) is set out below :
Items 31-Mar-09
i) Capital Adequacy Ratio (CRAR) 12.33%
ii) CRAR – Tier I Capital (%) 7.52%
iii) CRAR – Tier II Capital (%) 4.81%
iv) Amount of subordinated debt raised as Tier-II capital (Rs. in crores) 100

2. Investments:
(1) Value of Investments : 2008-2009
(i) Gross Value of Investments 8,088.34
(a) In India 8,088.34
(b) Outside India ––
(ii) Provision for Depreciation 4.93
(a) In India 4.93
(b) Outside India ––
(iii) Net Value of Investments 8,083.41
(a) In India 8,083.41
(b) Outside India ––
(2) Movements in provision held towards depreciation on Investments :
Opening Balance 16.1
Add: Provision made during the year 0.01
Less: Write-off / write-back of excess provision during the year 11.18
Closing Balance 4.93
 framework issued on 27th April 2007, RBI has directed banks not having operational presence outside India
rch 31, 2009. The migration is proposed in phased manner over a three-year period during which banks are
m capital to be maintained by Bank under the revised frame work is subject to a prudential fl oor of 100%, 90%
ctively.

g higher) is set out below :

31-Mar-08
11.91%
6.7%
5.21%
50

(Rs. in crores)
2007-2008
6,645.8
6,645.8

16.1
16.1

6,629.7
6,629.7

12.78
6.37
3.05
16.1