Tax:
Tax Expenses : 553.74
Net Profit (+)/ Loss (-) from Ordinary Activities after Tax : -1,177.12



1. The financial results have been approved by the Board of Directors at its meeting held on May 09, 2009.

2. The financial results for the quarter ended March 31, 2009 have been arrived at after considering provision for non performing assets and floating provision, depreciation / amortisation on investments, gratuity, pension, leave encashment, income tax including fringe benefit tax, deferred tax, other usual and necessary provisions.

3. In accordance with RBI guidelines besides Treasury Operations, the Bank has identified 3 segments in its Banking Operations — Corporate/Wholesale Banking, Retail Banking, Other Banking Business. As the Bank operates only in the domestic segment, there are no other geographical segments.

4. Operating expenses include depreciation on immovable properties revalued as on March 31, 2008. The aggregate depreciation of Rs.1880.50 lacs is netted off against Rs.695.25 lacs being depreciation on revalued portion withdrawn from Capital Reserve (Revaluation).

5. During the quarter, the Bank has issued Unsecured Non-Convertible Redeemable Sub-Ordinated Tier II Bonds amounting to Rs.4380 lacs (corresponding previous quarter Nil).

6. The Board has recommended a dividend of Rs.0.20 per share.

7. Previous period figures have been regrouped / rearranged wherever necessary.

P L Ahuja
Managing Director & CEO