1. The working results for quarter / year ended March 31, 2009, have been arrived at after considering provision for (i) NPAs & Standard Assets, (ii) employee benefits (iii) diminution in the value of investments (iv) income tax, deferred tax, FBT and other contingencies etc. including adhoc provision of Rs 70 crore for the year (Rs 20 crore for the quarter) for proposed wage revision.

2. The Board of Directors have proposed a dividend @ 12% for the year.

3. Reconciliation of entries outstanding as on March 31, 2009 in Inter Bank / Inter Branch and other accounts are in progress and in the opinion of the management, consequential Impact thereof on revenue / assets / liabilities is not material.

4. The above results have been taken on record by the Board of Directors on April 29, 2009.

5. Corresponding figures have been regrouped/ reclassified, wherever necessary, to make them comparable with current results.

D L Rawal
Chairman & Managing Director

Bhaskar Sen
Executive Director