The Bank that

begins with

Financial Results
2010-2011
(Q3 & 9 Months)
 Performance Highlights
Rs. in Crore

Q3 – 09-10 Q3 – 10-11 %

Total Business 108309 123785 14.3

Deposit 65748 73106 11.2

CASA 22744 29423 29.4

Advance 42561 50679 19.1

 Total Business – Progress
Rs. in Crore

Total Business
140000

120000
123785
115896
110936 111317
100000

90262
80000

75122
60000
59807

40000

20000

0
Mar' 07 Mar' 08 Mar' 09 Mar' 10 Jun' 10 Sep' 10 Dec'10
Pan-India Presence

100% CBS
Network of
1568Branches
As on 31.12.2010

Presence in 28 States & 4 UTs

9 Branches opened during the quarter
Operating Overview
 Total Deposits
` in Crore

74000
80000
73106
72000

70000 70000
69046
68000 68180
60000 73106
65748 66000 65748
64740
50000 64000

62000
40000
60000
Sep'09 Dec'09 Mar'10 Sep'10 Dec'10
Dec 09 Dec 10

Total Deposits increased by 11.2%

Core Deposits increased by 18.61%

 CASA
` in Crore

35500 29423 25000

23194
30500
22744 20000 21834
25500 6229 19335
17768
17099
20500 4976 15000

15500
23194 10000
17768
10500
6648 6229
5000 4976 5578
5500 4891
Current Savings
500 0
Dec 09 Dec 10 Sep'09 Dec'09 Mar'10 Sep'10 Dec'10

Savings Current

SB deposits grew by 30.5% Current Deposits Increased by 25.2% on YoY basis

 Deposit Mix

Dec’ 09 Dec’ 10

SB 27.0% Bulk TD (24.9%)

Bulk TD ( 29.6%) SB (31.7%)

Current Dep. 7.6%

Current Dep. (8.5%)
Retail Term (34.9%)
Retail Term (35.8%)

CASA : 34.6% CASA : 40.25%

 Cost of Deposits

8.00
8.00
6.00 6.00

4.00 6.07 5.55 4.00 5.69

5.81
2.00 2.00
0.00
9 Months 9 Months 0.00
FY10 FY11 Q3FY10 Q3FY11
Advances
 Total Advances
` in Crore

Total Advances
55000
60000
50679
50000
45000
40000 46850
42561 42756
50679 41219
42561 30000
35000
20000

10000
25000
0
Dec 09 Dec 10 Sep'09 Dec'09 Mar'10 Sep'10 Dec'10

Total Advances increased by 19.1%

 Total Advances - Breakup
` in Crore

Scheme Dec’ 09 Dec’10 Growth(%)

Total Advances : 42561 50679 19.1
Retail Advances 5173 6915 33.67
MSME Advances 6212 7390 18.96
Agriculture 4350** 4897 12.57
Out of which Priority Sector 13317** 16368 22.9
Large & Mid-Corporate Sectors 27476 32427 18.02
** eligible under RIDF - as on 31/12/09 - 455 cr. ; as on 31/12/10 – NIL
**Growth on Agri-advances after factoring RIDF comes to 25.72%
 Advances Mix
` in Crore

Dec’ 09 Dec’ 10

Agriculture,
4350 Agriculture,
5010

Retail, 5173
Retail, 6915

MSME, 6212
Large & Mid MSME, 7390
Large & Mid
Corp, 27476
Corp, 32427
 Retail Advances
` in Crore

7000 6915

7000 33.67%
6000
6000 5727
5000

4000
6915 5173
5173
3000
5000
2000

1000
2009 2010
4000
Dec'09 Mar' 10 Dec'10
 Retail Advances – Breakup
` in Crore

Retail Scheme Dec’09 Dec’10 Growth(%)

Housing Loan 1880 2302 22.4

Auto Loan 233 374 60.5
Education Loan 389 441 13.4

Personal Loans 2671 3798 42.19

TOTAL 5173 6915 33.67
 PRISEC Advances
` in Crore

17500
Other Priority Sector Agriculture 16368
16368 15237
12.57%
13317 15000 14396
4897 13317

12969
4350 15

27.92%
12500
11471
8967

10000
Dec'09 Dec'10
Sep'01 Dec'09 Mar'10 Sep'10 Dec'10
 MSME Advances
` in Crore

18.96% 8000
7000
7390

6000 7000

7390 6817

5000 6212 6457

6000 6212

4000 5697

5000
3000

2000 4000
Sep'09 Dec'09 Mar'10 Sep'10 Dec'10

1000
Dec'09 Dec'10
 Restructured Accounts
` in Crore

Particulars Dec’09 Dec’10

Total Advances 42561 50679
Of which - NPA 1067 1485
Restructured Advances 2403 2205
Of which - NPA 117 312
Slippage 61 105
Upgradation/Recovery 10 48
Technically Written-off Nil 43

Fresh restructure during the year 289 crore

 Yield on Advances

Percentage ( % )

10

10

10.39
8
9.58 10.23 8 9.46

4
6
9 months (D'09) 9 months (D'10)
Q3 FY10 Q3 FY11
INVESTMENTS
 Total Investments
` in Crore

26000

7158.47
10022.30
19000 0.00
4.88
12000 18,835.16
15,277.20

5000

HTM HFT AFS

Total Investments grew 2.7% to reach Rs 25994 Crore whereas HTM Investments grew by 23.3%
and AFS Investments decreased by 28.6%.
Yield on Investment increased from 7.71% to 7.76%
Operating Snapshot
 Income & Profitability
` in Crore
9 months ended 3rd Quarter
% Dec’09 Dec’10 FY 2010 FY 2011 %

18.8 3849.03 4574.11 Interest Earned 1338.27 1630.97 21.9

4.7 399.21 417.88 Non-Interest Income 134.34 145.68 8.4

3.5 2879.68 2979.56 Interest Expenses 987.78 1071.23 8.5

19.3 779.91 930.47 Operating Expenses 275.26 318.71 15.8

 Net Interest Income
` in Crore

1600 600 59.7%

64.5%
1400
500
1200 1594.55
1000
400
559.74
800 300
600 969.34 200
350.49
400

200 100
0
0
9 months FY10 9 months FY11 Q3 FY10 Q3 FY11
 Non Interest Income
` in Crore

146
420
144
415 4.7% 142
410
8.4%
140 145.68
405
417.88
138
400
136
395
134
390 399.21 132 134.34
385 130
9 Months FY10 9 Months FY11 128
Q3 FY10 Q3 FY11
 Non Interest Income
` in Crore

Particulars Dec’09 Dec’10 Y-o-Y

Growth

Total Non Interest Income 399.21 417.88 4.7%

Of which Comm, Exch & Brokerage 100.02 129.88 29.8%

Other Charges 101.71 134.94 32.7%

Recovery on sale of Assets 29.10 NIL

Bad Debt Recovery 25.47 44.69 75.5%

Income from Treasury Operation 142.91 108.37 - 24.2%

Core Non-Interest Income gone up by 36.22%

 Operating Profit
` in Crore

850 410

650
1081.96 386.71

450 210
588.63

209.56
250

50
10
9 Months FY10 9 Months FY11
Q3 FY10 Q3 FY11

Operating Profit increased by 83.8% Operating Profit increased by 84.5%

 Provisions & Contingencies
` in Crore
9 Months ended 3rd Quarter
% Dec’09 Dec’10 FY 2010 FY 2011 %

124.3 312.66 701.22 Total Prov. & Contg. 87.70 223.58 154.9

155.5 127.06 324.63 NPA Provision 41.95 56.33 34.3

452.6 19.00 105.00 Pension/Gratuity 5.00 35.00 600

13.9 129.00 147.00 Provision for Income Tax 46.00 57.00 23.9

231.4 37.60 124.59 Provision for others -5.25 75.25

 Net Profit
` in Crore

200

310 380.74 150

275.97 163.12
210 100

121.86
110 50

10 0
9 months FY10 9 months FY11 Q3 FY10 Q3 FY11

Net Profit increased by 38% Net Profit increased by 34%

Asset Quality
 NPA Movement
` in Crore

Dec 09 Dec 10

Opening NPA 1020.35 1372.30

Reduction 445.58 537.29
Cash Recovery** 197.26 191.95
Up-gradation 144.97 166.16
Write-off 103.35 179.18
Slippages 491.84 650.28
Closing NPA 1066.61 1485.29

** out of which recovery from sale of Assets 29.10 cr. up to Dec’ 09, Nil in Dec’10
 Non Performing Assets
` in Crore

Particulars Dec’09 Security % of Dec’10 Security % of

Available security Available security

Total Non Performing

Assets/Security 1066.61 978.99 91.8% 1485.29 1153.38 77.7%
Available
Sub-standard 346.87 332.79 95.9% 523.54 484.34 92.5%

Doubtful 716.36 646.20 90.2% 755.24 669.04 88.6%

Loss 3.38 NIL 00.0% 206.51 NIL 00.0%

 Non Performing Assets
Net NPA:762.98 cr. as on 31.12.2010

3.5 3.21
2.93
3 2.51
(Percent)

2.5
1.84
2 1.52

1.29
1.5

0.5
Dec 09 Mar 10 Dec 10

Gross NPA Net NPA

Provision Coverage Ratio : 71.20% as on 31.12.10

Key Ratio
 Key Ratios

Dec 09 Mar 10 Dec 10

Basel-II (CRAR) 11.44% 12.80% 12.51%

Tier-I 6.77% 8.16% 8.22%

Tier-II 4.67% 4.64% 4.29%

% of GOI shareholding 100.00% 84.20% 84.20%

 Profitability Ratios (%)
Dec’ 09 Mar 10 Dec’ 10

Yield on Advance 9.58 9.47 10.23

Yield on Investment 7.71 7.68 7.76

Cost of Deposit 6.07 5.92 5.55

NIM 2.14 2.24 3.20

ROA 0.52 0.45 0.65

Cost Income Ratio 56.99 55.08 46.23

CD Ratio 64.73 62.71 69.32

 Market Information

Particulars Mar 10 Sep 10 Dec 10

Book Value per Share (Rs.) 91.69 98.01 103.17

Earning per Share (Rs.) 10.18 13.76 16.01

Price / Book Value 0.75 1.20 0.96

Price Earning Ratio 6.76x 8.52x 6.20x

Return on Equity 12.26% 14.03% 15.56%

Corporate Social Responsibilities & Financial Inclusion

• Setting up Arsenic Treatment Plant in 24-Parganas(N) in WB

• Doorstep Banking in 61 villages in Tripura & WB through BC

• Pilot project on FI at Purulia Districts wherein 64 villages

• Exploring feasibility of kiosk & mobile van based FI

• R-SETI, Rajpur in 24-Parganas (S) accredited by the IIBF for

imparting trainings to BC/BF.

• Bank on track to cover 1400 villages in 2010-11 and 2941

villages in 2011-12.
 New Initiatives

• Opening of 2 new Regional Offices in Chandigarh & Raipur

• Bank has opened 9 Branches in the quarter and plans to

open a total of 57 new branches in 2010-11.

• Launch of Central Processing Unit

• Creation of Retail Hub

• To open specialized Corporate Business Group Branches in

Delhi, Mumbai & Kolkata.

• Bank is gradually rolling out CBS in its sponsored RRBs.

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