1. The above results have been audited by the Statutory Central Auditors and were taken on record by the Board of Directors of the Bank at its meeting held on April 28, 2009.

2. Working results for the year ended March 31, 2009 have been arrived at after making necessary provisions.

3. The Board of Directors has recommended a final dividend of Re 1/- per Equity Share of the face value of Rs.10/-.

4. The policy of accounting for commission on Non-fund based business viz., Bank Guarantee and Letter of Credit has been changed during the year effective April 01, 2008 from accrual basis to cash basis. Had the income been accounted for on accrual basis, the income for the year would have been lower by Rs 42.07 Crore.

5. Pending finalization of industry level settlement and wage revision, a sum of Rs 60 Crore has been provided on an estimated basis during the quarter towards arrears and included under Employees´ cost.

6. In terms of Agricultural Debt Waiver and Debt Relief Scheme 2008, framed by the Government of India and the guidelines, clarifications subsequently issued by RBI, the Bank has received Rs.62.72 crore during the year on account of Debt waived in respect of small and marginal farmers against the eligible claim of Rs 153.08 crore leaving a balance of Rs 90.36 crore as receivable from Government of India as on March 31, 2009, and the same is included in Advances.

7. As regards Debt Relief to Other Farmers, a sum of Rs 60.41 crore has been identified to be eligible for Debt Relief, against which Rs 21.70 crore has been availed by the eligible borrowers upto March 31, 2009 which forms part of Advances.

8. Interest / Charges debited in accordance with the above scheme from March 01, 2008 to June 30, 2008 amounting to Rs.5.89 crore has been written off / reversed. The amount debited to Profit & Loss account and the Claims from the Government of India under the above said scheme are subject to verification by the Statutory Central Auditors.

9. Pending finality of the eligible claim due under the scheme, provision for interest receivable from Government of India has not been considered

10. A sum of Rs.26.22 Crore has been provided by way of Interest on Matured Term Deposits from the date of maturity upto March 31, 2009, and Inoperative Savings Deposits, pursuant to revised guidelines issued by the Reserve Bank of India.

11. The figures of the previous period/year have been re-grouped and re-classified wherever necessary.

S C Kalia
Executive Director

Albert Tauro
Chairman & Managing Director