1. The financial results have been prepared following the same accounting policies and practices as those followed in the annual financial statements for the year ended March 31, 2008.

2. The working results for the year ended March 31, 2009 have been arrived at after considering provision for Non-Performing and Standard Assets as per Reserve Bank of India guidelines, provision for taxes and other necessary provisions.

3. In terms of Agricultural Debt Waiver and Debt Relief Scheme 2008, framed by the Government of India, the Bank has received Rs 47.25 crore from Reserve Bank of India on account of loans to small and marginal farmers out of the amount eligible for debt waiver of Rs 114.47 crore.

4. The Bank has raised Tier - I Bonds of Rs 237.50 crore and Tier-II Bonds of Rs 1700 crore during the year.

5. The Bank has made an adhoc provision of Rs 10 crore during the quarter (Rs 45 crore for the year ended March 31, 2009) towards wage revision pending outcome of ongoing negotiation at Industry level.

6. Corresponding period /year figures have been regrouped /reclassified, wherever necessary.

7. The Bank has recommended a final dividend of 80% i.e., Rs 8/- per share of the face value of Rs 10/- each.

8. The above results have been approved by the Board of Directors at its meeting held on April 24, 2009. The same have been subjected to audit by the Statutory Central Auditors of the Bank in line with the guidelines issued by the Reserve Bank of India and as per the requirements of the listing agreement with Stock Exchanges.

Asit Pal
Executive Director

J M Garg
Chairman & Managing Director