1. There has been no material change in the accounting policies adopted during the year ended March 31, 2009 from those followed 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 standard asset, non performing assets (NPAs), depreciation on investments, income-tax and other usual and necessary provisions.

3. In respect of pension, gratuity, leave encashment and superannuation benefits, the provisions have been made in accordance with Revised Accounting Standard (AS) 15.

4. The above results were reviewed by the Audit Committee and thereafter taken on record and approved by Board of Directors at its meeting held on May 05, 2009.

5. The Bank adopted Based II framework as of March 31, 2009 and the Capital Adequacy Ration computed as per Basel II guidelines stands at 12.55% as against Regulatory minimum of 9.00%.

6. For the year ended March 31, 2009, the Board of Directors has recommended a dividend of 12% (previous year 6%).

7. Previous period figures have been regrouped and reclassified, wherever necessary to make them comparable with the current quarter figures.

Romesh Sobti
Managing Director