1. The stand-alone financial results as above have been approved by the Board of Directors of the Bank at its meeting held on April 29, 2009.

2. The financial result for the year ended March 31, 2009 has been arrived at after considering extant guidelines of RBI on prudential norms for income recognition, assets classification and provisioning and providing for other usual and necessary provisions.

3. A sum of Rs. 112.21 crores has been estimated and provided for during this quarter towards Employee Benefits under Accounting Standard -15 (Revised). The provision made under AS-15 (Revised) for the whole year amounts to Rs. 259.33 crores.

4. A sum of Rs.125.27 crores has been charged to Profit & Loss A/c during the year on proportionate basis of the Transitional Liability of Rs. 626.35 crores determined upto 31.03.07 as per the Revised Accounting Standard (AS-15) on Employee Benefits issued by the Institute of Chartered Accountants of India based on Actuarial Valuation. An amount of Rs. 375.83 crores is to be charged proportionately over the next 3 years.

5. Pending outcome of negotiations on wage revision between Indian Banks Association on behalf of member banks and Union of workmen / officers, an estimated provision of Rs.186.85 crores has been made for the year .

6. Provision for taxation includes provision for current tax, deferred tax and Fringe Benefit Tax.

7. The Bank has modified its policy on Floating Provisions and opted to net the same from Gross NPAs to arrive at Net NPAs for 2008-09. Hence, the floating provisions are not reckoned as part of Tier II Capital while arriving at the CRAR as on March 31, 2009.

8. Advances portfolio amounting to Rs. 5048.70 crores were restructured under Special Regulatory Dispensation of Reserve Bank of India in terms of its various circulars.

9. During the year, the Bank has raised Rs. 500 crores in the form of Upper Tier II Bonds and Rs. 400 crores by way of Innovative Perpetual Debt Instruments (IPDI) Bonds

10. In terms of Reserve Bank of India guidelines, the bank has implemented the Agriculture Debt Waiver and Debt Relief Scheme, 2008 and an amount of Rs. 646.72 crores has been waived for which preliminary claim was preferred with Reserve Bank of India. An amount of Rs. 265.16 crores i.e. 41% of claim amount has been reimbursed by the RBI on December 24, 2008. The claims under waiver has since been verified and certified by Statutory Central Auditors and necessary adjustments have been made in the final claim to be submitted to Reserve Bank of India. Further an amount of Rs.222.62 crores is eligble for relief under the said scheme and our claims in this regard will be submitted by September 30, 2009.

11. In terms of RBI circular No.DBOD No. BP.BC.48/21.04.048/2008-09 dated September 22, 2008, the Bank has utilised a sum of Rs. 34.08 crores during the year from the Floating Provision for NPAs and credited the same to Profit & Loss account on account of unapplied interest, penal interest and miscellaneous charges, etc. in respect of Agriculture Debt Waiver and Debt relief accounts. An additional amount of Rs. 130 crore has been provided towards NPA Floating provision , thus making NPA Floating provision at the year end at Rs. 325.92 crore.

12. The Board of Directors has recommended final dividend of 50% i.e. Rs. 5/- per share on the face value of Rs. 10/- each for the year 2008-09 in addition to interim dividend of 30% i.e. Rs. 3/- per share paid during the year.

13. During the year ended 31st March , 2009 the Bank has annulled the forfeiture of 500 equity shares.

14. Figures of the previous period have been regrouped/rearranged wherever necessary to conform to current period
classification.

M. Narendra
Executive Director

B. A. Prabhakar
Executive Director

T. S. Narayanasami
Chairman & Managing Director