1. The above results have been taken on record by the Board of Directors at their meeting held on October 30,2000.
2. Govt. of India, vide notification dated June 5,2000 and corrigendum dated June 7, 2000, has (out of its holding of 485.58 million equity shares of Rs.10/- each of the Bank) converted 247 million equity shares into 247 million fully paid-up redeemable preference shares of Rs.10/- each aggregating Rs.2470 million carrying dividend @ 13% p.a. Consequently, the paid up equity capital of the Bank was reduced on June 5,2000 by Rs.2470 million and Preference capital was credited by Rs.2470 million on June 5,2000.
3. 18,074,300 partly paid up equity shares of face value Rs. 10/- each were forfeited on August 25, 2000. Consequently, (i) the aggregate face value of Rs. 180,743,000 has been reduced from the Subscribed and Paid up equity capital, (ii) Allotment money in Arrears of Rs.135,557,250 has been written down fully and (iii) Forfeited shares account has been credited by Rs. 45,185,750 being the amount actually paid up on the forfeited shares.