Financial Statements for Indian Overseas Bank (8789430) ANNUAL INCOME STATEMENT OF IOB

Currency in Millions of Indian Rupees Mar 31 2007 Restated INR 27,612.5 63.0 27,549.4 12,411.6 13,734.3 13,734.3 3,650.0 10,084.3 10,084.3 10,084.3 Mar 31 2008 Restated INR 31,402.3 73.5 31,328.8 13,216.1 16,549.4 16,549.4 4,526.0 12,023.4 12,023.4 12,023.4 Mar 31 2009 Restated INR 38,960.0 78.6 38,881.4 17,531.5 19,543.0 19,543.0 6,285.1 13,257.9 13,257.9 13,257.9 Mar 31 2010 INR 34,454.5 85.6 34,368.9 22,560.8 9,789.5 9,789.5 2,719.9 7,069.6 7,069.6 7,069.6

TOTAL REVENUES Cost of Goods Sold GROSS PROFIT Selling General & Admin Expenses, Total EBT, EXCLUDING UNUSUAL ITEMS EBT, INCLUDING UNUSUAL ITEMS Income Tax Expense Earnings from Continuing Operations NET INCOME NET INCOME TO COMMON INCLUDING EXTRA ITEMS NET INCOME TO COMMON EXCLUDING EXTRA ITEMS

10,084.3

12,023.4

13,257.9

7,069.6

QUARTERLY INCOME STATEMENT OF IOB

Compared to the same quarter last year, Indian Overseas Bank has seen revenues shrink from 3.7B to 2.7B, though the company was able to grow net income from 1.8B to 2.1B. A reduction in the percentage of sales devoted to income tax expense from 46.82% to 38.02% was a key component in the bottom line growth in the face of falling revenues. AnnualQuarterly Currency in Millions of Indian Rupees Dec 31 2009 Press Release INR 8,342.8 -8,342.8 4,680.9 1,874.4 --1,874.4 857.4 1,017.0 1,017.0 1,017.0 1,017.0 Mar 31 2010 INR Jun 30 2010 Press Release INR 10,442.9 -10,442.9 4,744.7 3,870.7 -821.7 -821.7 3,049.0 1,044.6 2,004.4 2,004.4 2,004.4 2,004.4 Sep 30 2010 Press Release INR 9,257.1 -9,257.1 4,203.4 3,105.3 --3,105.3 1,043.8 2,061.5 2,061.5 2,061.5 2,061.5

TOTAL REVENUES Cost of Goods Sold GROSS PROFIT Selling General & Admin Expenses, Total EBT, EXCLUDING UNUSUAL ITEMS Other Unusual Items, Total Other Unusual Items EBT, INCLUDING UNUSUAL ITEMS Income Tax Expense Earnings from Continuing Operations NET INCOME NET INCOME TO COMMON INCLUDING EXTRA ITEMS NET INCOME TO COMMON EXCLUDING EXTRA ITEMS

5,603.8 85.6 5,518.2 9,540.2 -864.2 821.7 821.7 -42.5 -1,316.9 1,274.4 1,274.4 1,274.4 1,274.4

BALANCE SHEET OF IOB

Indian Overseas Bank uses little or no debt in its capital structure and may have less financial risk than the industry aggregate. AnnualQuarterly Currency in Millions of Indian Rupees Mar 31 2007 Restated INR Mar 31 2008 Restated INR Mar 31 2009 Restated INR Mar 31 2010 INR

Assets Cash and Equivalents TOTAL CASH AND SHORT TERM INVESTMENTS Prepaid Expenses Restricted Cash Other Current Assets TOTAL CURRENT ASSETS Gross Property Plant and Equipment Accumulated Depreciation NET PROPERTY PLANT AND EQUIPMENT Other Long-Term Assets TOTAL ASSETS 47,617.9 47,617.9 5,666.6 42,175.1 5,666.6 102,678.2 10,198.6 -5,092.0 5,106.6 4,435.9 822,568.3 18,109.5 18,109.5 -85,303.7 6,176.4 117,749.7 11,276.8 -5,691.1 5,585.8 6,276.4 1,018,377. 2 56,614.3 56,614.3 -52,604.7 7,612.9 125,759.4 23,658.1 -6,559.5 17,098.6 6,868.9 1,210,734.0 28,285.2 28,285.2 -69,961.2 9,624.1 118,289.2 24,682.0 -7,686.3 16,995.7 9,134.2 1,310,964.0

LIABILITIES & EQUITY Accrued Expenses Current Portion of LongTerm Debt/Capital Lease Other Current Liabilities, 2,618.1 -8,697.6 1,916.3 -9,156.5 2,000.7 -6,926.7 2,194.2 21,105.8 6,656.5

Total TOTAL CURRENT LIABILITIES Long-Term Debt Other Non-Current Liabilities TOTAL LIABILITIES Common Stock Additional Paid in Capital Retained Earnings Comprehensive Income and Other TOTAL COMMON EQUITY TOTAL EQUITY TOTAL LIABILITIES AND EQUITY 698,719.9 28,962.3 54,982.4 782,664.6 5,448.0 1,400.0 29,674.2 3,381.4 39,903.7 39,903.7 822,568.3 854,328.6 63,536.5 51,851.6 969,716.7 5,448.0 1,400.0 37,954.5 3,858.0 48,660.5 48,660.5 1,018,377. 2 1,010,086.2 104,945.8 24,192.3 1,139,224.4 5,448.0 1,400.0 41,133.9 23,527.7 71,509.6 71,509.6 1,210,734.0 1,137,903.6 68,716.2 29,098.3 1,235,718.1 5,448.0 1,400.0 44,549.5 23,848.3 75,245.8 75,245.8 1,310,964.0

Financial Statements for Indian Overseas Bank (8789430)

AnnualQuarterly Currency in Millions of Indian Rupees Mar 31 2007 Restated INR 10,084.3 611.2 611.2 Mar 31 2008 Restated INR 12,023.4 751.0 751.0 Mar 31 2009 Restated INR 13,257.9 1,009.4 1,009.4 Mar 31 2010 INR 7,069.6 1,117.6 1,117.6

NET INCOME Depreciation & Amortization DEPRECIATION & AMORTIZATION, TOTAL

Other Operating Activities Change in Other Working Capital CASH FROM OPERATIONS Capital Expenditure Sale of Property, Plant, and Equipment CASH FROM INVESTING Long-Term Debt Issued TOTAL DEBT ISSUED Long Term Debt Repaid TOTAL DEBT REPAID Common Dividends Paid TOTAL DIVIDEND PAID Other Financing Activities CASH FROM FINANCING NET CHANGE IN CASH

7,747.6 -153,456.3 -135,013.2 -1,728.6 569.4 -1,159.2 13,230.0 13,230.0 -2,577.4 -2,577.4 -1,615.1 -1,615.1 -2,255.4 188,893.0 52,720.6

10,534.0 -158,298.2 -134,990.0 -1,319.4 64.9 -1,254.5 ---1,570.0 -1,570.0 -1,912.2 -1,912.2 -2,504.9 149,864.6 13,620.2

14,341.1 -184,080.4 -155,472.0 -2,321.6 1,420.9 -900.7 9,553.0 9,553.0 ---2,230.9 -2,230.9 -3,046.8 162,178.4 5,805.8

15,538.7 -142,616.1 -118,890.2 -1,530.0 209.5 -1,320.5 11,000.0 11,000.0 -1,750.0 -1,750.0 -2,868.2 -2,868.2 -3,931.9 109,238.1 -10,972.6

KEY EXECUTIVES - Indian Overseas Bank (8789430)

Name M. Narendra

Board Relationships 11 Relationships

Title Chairman and Managing Director Chief Financial Officer and General Manager 11 Relationships 11 Relationships Executive Director Executive Director General Manager, Compliance Officer and Company Secretary

Age --

B. S. Keshavamurthy

No Relationships

--

A. K. Bansal Nupur Mitra A. P. Singh No Relationships

-58 --

View More 8789430 Key Executives

Board Members - Indian Overseas Bank (8789430)

Name M. Narendra Nupur Mitra A. K. Bansal Board Relationships 11 Relationships 11 Relationships 11 Relationships Primary Company Indian Overseas Bank Indian Overseas Bank Indian Overseas Bank Age -58 --

A. Vellayan Chiranjib Sen

67 Relationships 19 Relationships

The Murugappa Group Indian Overseas Bank

57 64

View All 8789430 Board Members

EXECUTIVE COMMITTEES* - Indian Overseas Bank (8789430)

Committee Name There is no committee data available. *Data is at least as current as the most recent Definitive Proxy. Chairperson Board Relationships Members

Balance Sheet
(Rs. in Crores) Standalone | Consolidated

Particulars SOURCE S OF FUNDS : Capital Reserves Total Deposits Borrowing s Other Liabilities & Provisions TOTAL LIABILITIE S APPLICAT ION OF FUNDS : Cash & Balances with RBI Balances with Banks & money at Call Investmen ts Advances Fixed Assets

Mar-10

Mar-09

Mar-08

Mar-07

Mar-06

Mar-05

544.80 6,979.78 110,794.7 1 8,982.20 3,794.90

544.80 6,606.16 100,115.8 9 10,494.58 3,311.96

544.80 4,321.25 84,325.58 6,353.65 6,292.44

544.80 3,445.57 68,740.41 2,896.23 6,629.82

544.80 2,632.64 50,529.31 736.63 4,914.43

544.80 2,030.39 44,241.24 590.68 3,407.94

131,096.3 9

121,073.3 9

101,837.7 2

82,256.83

59,357.81

50,815.05

7,666.45

5,940.44

9,124.23

4,686.11

3,077.96

4,175.44

2,158.19

4,981.46

1,217.09

4,293.19

629.28

778.52

37,650.56 79,003.92 1,699.57

31,215.44 74,885.27 1,709.86

28,474.71 60,401.82 558.58

23,974.47 47,060.29 510.66

18,952.28 34,756.20 457.74

19,014.72 25,205.19 452.34

Other Assets Miscellane ous Expenditur e not written off TOTAL ASSETS Contingent Liability Bills for collection

2,917.70 0.00

2,340.92 0.00

2,061.29 0.00

1,732.11 0.00

1,484.35 0.00

1,188.84 0.00

131,096.3 9 39,309.73 3,205.15

121,073.3 9 38,341.68 3,505.07

101,837.7 2 31,312.29 3,127.00

82,256.83 22,395.61 2,418.35

59,357.81 14,011.26 1,953.48

50,815.05 13,947.91 1,768.84

Cash Flow
(Rs. in Crores)

Particulars Cash and Cash Equivalents at Begining of the year Net Cash from Operating Activities Net Cash Used In Investing Activities Net Cash Used In Financing Activities Net Inc/(Dec) In Cash And Cash Cash And Cash

Mar-10 10,921.90

Mar-09 10,341.32

Mar-08 8,979.30

-1,210.19 -132.05 244.98 -1,097.26 9,824.64

243.11 -90.07 427.54 580.58 10,921.90

2,086.17 -125.44 -598.71 1,362.02 10,341.32

Equivalents At End Of The Year

Company Profile

Indian Overseas Bank (IOB) was founded in February 10th of the year 1937 by Shri.M.Ct.M.Chidambaram Chettyar, a pioneer in many fields Banking, Insurance and Industry with the twin objectives of specialising in foreign exchange business and overseas banking. IOB had the unique distinction of commencing business in 10th February 1937 (on the inaugural day itself) in three branches simultaneously - at Karaikudi and Chennai in India and Rangoon in Burma (presently Myanmar) followed by a branch in Penang. Indian Overseas Bank has an ISO certified in-house Information Technology department, which has developed the software that 900 branches use to provide online banking to customers. At the dawn of Independence IOB had 38 branches in India and 7 branches abroad. The Products & Services of the bank includes NRI Services, Personal Banking, Forex Services, Agri Business Consultancy, Credit Cards, Any Branch Banking and ATM Banking. Saga of the IOB is covered into four categories, such as Pre-nationalisation era (1947- 69), at the time of Nationalisation (1969), Post - nationalisation era (1969-1992) and Post-Reform Period - Unprecedented developments (1992 & after). In Pre-nationalisation era (1947- 69), IOB expanded its domestic activities and enlarged its international banking operations. As early as in 1957, the Bank established a training centre, which has now grown into a Staff College at Chennai with 9 training centres all over the country.IOB was the first Bank to venture into consumer credit. It introduced the popular Personal Loan scheme during this period. In 1964, the Bank made a beginning in computerisation in the areas of inter-branch reconciliation and provident fund accounts. In 1968, IOB established a full-fledged department to cater exclusively to the needs of the Agriculture sector. At the time of Nationalisation (1969), IOB was one of the 14 major banks that was nationalised in 1969. On the eve of Nationalisation in 1969, IOB had 195 branches in India with aggregate deposits of Rs. 67.70 Crs. and Advances of Rs. 44.90 Crs. In Post - nationalisation era (1969-1992), during the year 1973, IOB had to wind up its five Malaysian branches as the Banking law in Malaysia prohibited operation of foreign Government owned banks. This led to creation of United Asian Bank Berhad in which IOB had 16.67% of the paid up capital. In the same year Bharat Overseas Bank Ltd was created in India with 30% equity participation

from IOB to take over IOB's branch at Bangkok in Thailand. In 1977, IOB opened its branch in Seoul and the Bank opened a Foreign Currency Banking Unit in the free trade zone in Colombo in 1979. The Bank sponsored 3 Regional Rural Banks viz. Puri Gramya Bank, Pandyan Grama Bank and Dhenkanal Gramya Bank. The Bank had setup a separate Computer Policy and Planning Department (CPPD) to implement the programme of computerisation, to develop software packages on its own and to impart training to staff members in this field. In the year 1988, IOB acquired Bank of Tamil Nadu in a rescue. In Post-Reform Period - Unprecedented developments (1992 & after), IOB formulated its Web site during the month of February in 1997. The Bank got autonomous status during the year 1997-98. IOB had the distinction of being the first Bank in Banking Industry to obtain ISO 9001 Certification for its Computer Policy and Planning Department from Det Norske Veritas (DNV), Netherlands in September 1999. IOB started its STAR services in December of the year 1999 for speedy realisation of outstation cheques. Now the Banks has 14 STARS centres and one Controlling Centre for providing this service and in the same year started tapping the potential of Internet by enabling ABB cardholders in Delhi to pay their telephone bills by just logging on to MTNL web site and by authorising the Bank to debit towards the telephone bills. The Bank made a successful debut in raising capital from the public during the financial year 2000-01, despite a subdued capital market. IOB bagged the NABARD's award for credit linking the highest number of Self Help Groups for 2000-2001 among the Banks in Tamil Nadu. Mobile banking under SMS technology was implemented in Ahmedabad and Baroda. Pilot run of Phase I of the Internet Banking commenced covering 34 branches in 5 Metropolitan centres. IOB was one among the first to join Reserve Bank of India's negotiated dealing system for security dialing online. The Bank has finalised an e-commerce strategy and has developed the necessary Internet banking modules in-house. For the first time a Total Branch Automation package developed inhouse has been customised in one of the Overseas Branches of the Bank. Most software developed in-house. During the year 2002-03, a new credit scheme Shubh Yatra' was introduced to provide loans to those who undertake foreign travel for tourism, employment and medical treatment. During the year 2004, the Government OF India selected IOB for channelising government credit to other countries, which runs into billions of dollars. And also in the same year the bank made tie up with Times Online Money to launch an Internetbased remittance product, e-Cash Home, targeted at NRIs in the US wishing to transfer money to India. IOB made pact with Chola for MF products. During the year 2005, the bank joined hands with Visa to offer debit cards to its esteemed customers. In the year 2006, IOB inked MoU with CRI Pumps. In September 2006, Indian Overseas Bank (IOB) has finally taken control of Bharat Overseas Bank (BhOB), an unlisted private bank. This is the first instance of a public sector bank taking over a strong private sector bank without resorting to the moratorium route. During May of the year 2007, Indian rating agency ICRA assigned an 'A1+' rating to the proposed 20 bln rupee certificates of deposit programme of Indian Overseas Bank, citing the bank's consistent and measured growth, the improvement in its asset quality through effective monitoring and collection systems, and improving core profitability. During June of the year 2008, IOB launched two new products namely IOB Gold' and IOB Silver' in savings account and IOB Classic' and IOB Super' under current

account. IOB have a network of more than one thousand eight hundred branches all over India located in various metropolitan cities, urban, suburban and rural areas. IOB plans to set up banking operations in Malaysia in a joint venture with two other India-based banks Bank of Baroda and Andhra Bank with a minimum capital investment of RM320 million (US$100 million).

Key Executives
Chairman & Managing Director Executive Director Director (Officer Employee) Director(PartTime NonOfficial) M Narendra Nupur Mitra K Ananda Kumar B V Appa Rao

Board Of Directors
Chairman & Managing Director Executive Director Director (Officer Employee) Director(PartTime NonOfficial) Director(Shareholders) Nominee (Govt) Director(Shareholders) Nominee Director (Workmen Employee) M Narendra Nupur Mitra K Ananda Kumar B V Appa Rao Sooraj Khatri Ashok Kumar Bhargava A Vellayan Vinita Kumar Chiranjib Sen S V Raghavan Sridhar Lal Lakhotia

Executive Director Company Secretary

A K Bansal A P Singh

Profit & Loss

(Rs. in Crores) Standalone | Consolidated

Particulars INCOME : Interest Earned Other Income Total I II. Expenditur e Interest expended Payments to/Provisio ns for Employee s Operating Expenses &

Mar-10

Mar-09

Mar-08

Mar-07

Mar-06

Mar-05

10,245.77 1,316.61 11,562.38

9,641.40 1,713.07 11,354.47

7,738.77 1,075.46 8,814.23

5,832.07 892.95 6,725.02

4,406.28 728.21 5,134.49

3,951.05 799.55 4,750.60

7,077.91 1,734.75

6,771.81 1,271.84

5,288.79 949.68

3,271.27 931.07

2,339.10 893.57

2,095.53 843.46

418.14

388.23

304.19

255.28

198.35

158.38

Administra tive Expenses Depreciati on Other Expenses, Provisions & Contingen cies Provision for Tax Fringe Benefit tax Deferred Tax Total II III. Profit & Loss Reported Net Profit Extraordin ary Items Adjusted Net Profit Prior Year Adjustmen ts Profit brought forward IV. Appropriati 706.96 -58.18 765.14 0.00 1,325.79 44.03 1,281.76 0.00 1,202.34 1.09 1,201.25 0.00 1,008.43 1.77 1,006.66 0.00 783.34 34.79 748.55 0.00 651.36 3.65 647.71 0.00 111.76 1,240.87 100.94 867.35 75.10 541.53 61.12 832.85 55.34 662.51 46.74 634.67

45.94 0.00 226.05 10,855.42

698.20 12.94 -82.63 10,028.68

509.19 24.00 -80.59 7,611.89

274.48 10.00 80.52 5,716.59

197.65 5.55 -0.92 4,351.15

335.63 0.00 -15.17 4,099.24

0.00

0.00

0.00

0.00

0.00

0.00

ons Transfer to Statutory Reserve Transfer to Other Reserves Trans. to Governme nt /Proposed Dividend Balance carried forward to Balance Sheet Equity Dividend % Earnings Per ShareUnit Curr Earnings Per Share(Adj) -Unit Curr Book Value-Unit Curr 212.10 398.00 361.00 303.00 235.00 195.41

271.77

640.97

637.38

514.21

386.83

307.59

223.09

286.82

203.96

191.22

161.51

148.36

0.00

0.00

0.00

0.00

0.00

0.00

35.00

45.00

35.00

30.00

26.00

24.00

12.38

23.57

21.83

18.00

14.01

11.63

12.38

23.57

21.83

18.00

14.01

11.63

116.54

109.06

87.23

71.08

56.08

44.67

Quarterly Results
View Past Quarterly Results Standalone |

Consolidated

Particulars Interest Earned Operating Expenses Operating Profit Before Prov. & Cont. Provisions & Contingencies Depreciation Provision for Taxes Deferred Tax Net Profit

Sep-10 (Rs.Cr) 2,800 2,459 616 305 0 104 0 206

Jun-10 (Rs.Cr) 2,668 2,501 382 77 0 104 0 200

Mar-10 (Rs.Cr) 2,548 2,374 456 460 0 -132 0 127

Extra-ordinary Items Adjusted Profit After Extra-ordinary item

0 206

-54 254

0 127

EPS (Unit Curr.) EPS (Adj) (Unit Curr.) Calculated EPS (Unit Curr.) Calculated EPS (Adj) (Unit Curr.) Calculated EPS (Ann.) (Unit Curr.) Calculated EPS (Adj) (Ann.) (Unit Curr.)

4 4 4 3.8 15.1 15.1

4 4 4 3.7 14.7 14.7

2 2 2 2.3 9.4 9.4

Book Value (Unit Curr.) Dividend (%) Equity Reserve & Surplus Face Value

0.0 0.0 544.8 5,804.2 10.0

117.1 0.0 544.8 5,804.2 10.0

0.0 0.0 544.8 5,804.2 10.0

Non-Promoter Holding Shares Non-Promoter Holding (%) (%) of shares held by GOI

211,200,000 38.8 61.2

211,200,000 38.8 61.2

211,200,000 38.8 61.2

PBIDTM(%) PBDTM(%) PATM(%)

77 11.09 7.36

77 11.43 7.51

68 -0.17 5.00

Capital Adequacy Ratio Tier I Capital Tier II Capital

12.55 7.34 5.21

13.64 7.94 5.70

14.26 8.36 5.90

Gross Non Performing Assets Net Non Performing Assets (%) Gross Non Performing Assets

3,326.38 1,764.89 3.78

3,570.88 1,794.41 4.30

3,611.08 1,994.97 4.47

(%) Net Non Performing Assets Return on Assets(Annualised)

2.04 0.58

2.21 0.58

2.52 0.53

Indian Overseas Bank Detailed Annual Results (1999 - 2010)

Standalone | Consolidated

Part icul ars Inter est Earn ed Ope ratin g Exp ens es Ope ratin g Profi t Befo re Prov .& Cont . Prov ision s& Cont inge ncie s Dep reci atio n Prov ision for Tax

Mar -10 (Rs. Cr) 10,2 46

Mar -09 (Rs. Cr) 9,64 1

Mar -08 (Rs. Cr) 7,73 9

Mar -07 (Rs. Cr) 5,83 2

Mar -06 (Rs. Cr) 4,40 6

Mar -05 (Rs. Cr) 3,95 1

Mar -04 (Rs. Cr) 3,75 4

Mar -03 (Rs. Cr) 3,48 6

Mar -02 (Rs. Cr) 3,17 1

Mar -01 (Rs. Cr) 2,79 3

Mar -00 (Rs. Cr) 2,50 5

Mar99 (Rs. Cr) 2,29 9

9,62 7

8,71 4

6,77 4

4,65 9

3,60 1

3,25 4

3,17 0

3,21 2

3,08 5

2,78 9

2,58 3

1,73 3

1,76 2

2,52 4

2,00 2

1,56 0

1,34 7

1,49 7

1,32 5

794

616

307

188

817

783

569

347

187

361

525

533

359

331

184

123

737

24

272

629

453

284

202

320

279

19

19

25