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|
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AUDITED
FINANCIAL RESULTS FOR THE QUARTER
ENDED DECEMBER 31, 2004
|
| (
Rs.in Crore.) |
| Particulars |
Quarter
ended |
Accounting
period ended
30-9-2004
(18 month) |
|
|
31-12-2004 |
31-12-2003 |
|
1.
Interest earned
(a)+(b)+(c)+(d) |
1063.77 |
1282.25 |
8157.63 |
|
(a)Interest/discount on advances/bills |
873.58 |
1040.47 |
6934.67 |
|
(b) Income on investments |
163.88 |
233.59 |
1117.27 |
|
(c) Interest on balances with Reserve Bank
of India and other inter bank funds |
26.31 |
8.19 |
76.93 |
|
(d) Others |
0.00 |
0.00 |
28.76 |
|
2. Other Income |
195.31 |
382.07 |
1757.59 |
|
A. TOTAL INCOME (1+2) |
1259.08 |
1664.32 |
9915.22 |
|
3. Interest Expended |
1097.57 |
1160.21 |
7080.30 |
|
4. Operating Expenses (e)+(f) |
97.20 |
62.75 |
681.49 |
|
(e) Payments to and provisions for employees
|
23.20 |
24.73 |
168.34 |
|
(f) Other operating expenses |
74.00 |
38.02 |
513.15 |
|
B. TOTAL EXPENDITURE (3)+(4) (excluding Provisions
and Contingencies) |
1194.77 |
1222.96 |
7761.79 |
|
C. OPERATING PROFIT (A-B) (Profit beforeProvisions
and Contingencies) |
64.31 |
441.36 |
2153.43 |
|
D. Other Provisions and Contingencies (net)
|
6.15 |
388.95 |
1691.95 |
| -
of which provision for non-performing assets |
6.15 |
388.95 |
1691.95 |
|
E. Provision for Taxes |
(3.97) |
5.86 |
(3.52) |
|
F. Net Profit (C-D-E) |
62.13 |
46.55 |
465.00 |
|
5. Paid-up equity share capital |
652.88 |
652.83 |
652.83 |
|
6. Reserves excluding Revaluation reserves
(as per balance sheet of previous accounting
year) |
|
|
5146.52 |
|
7. Analytical Ratios |
|
|
|
|
(i) Percentage of shares held by Government
of India |
58.48 |
58.47 |
58.47 |
|
(ii) Capital Adequacy Ratio |
19.2% |
18.6% |
18.2% |
|
(iii) Earning per Share (Rupees) (not annualised)
|
0.95 |
0.71 |
7.12 |
|
(iv) |
(a) Amount of gross non-performing assets |
5511.22 |
17208.06 |
5773.54 |
|
|
(b) Amount of net non-performing assets |
864.84 |
7623.99 |
881.89 |
|
|
(c) % of gross NPAs |
13.4% |
29.9% |
13.9% |
|
|
(d) % of net NPAs |
2.4% |
15.9% |
2.4% |
|
(v) Return on assets (annualised) |
0.39% |
0.29% |
0.49% |
8. Aggregate of Non Promoter Shareholding
- No. of shares
- Percentage of Shareholding
|
271102400
41.52 |
271102400
41.53 |
271102400
41.53 |
Notes:
- Consequent to the notification of
October 1, 2004 as the appointed day
under the Industrial Development Bank
(Transfer of Undertaking and Repeal)
Act, 2003 (Repeal Act), the undertaking
of Industrial Development Bank of India
(the Bank) has been transferred to,
and vested in Industrial Development
Bank of India Ltd. (IDBI Ltd.). Figures
of the current period (Oct'04 - Dec'04)
pertain to Industrial Development Bank
of India Limited and that of previous
period pertain to the erstwhile Industrial
Development Bank of India and have been
regrouped from the published audited
financial information of that entity.
- The Board of Directors, at its meeting
held on January 20, 2005, approved the
proposal for merger of IDBI Bank Ltd.
with IDBI Ltd. The appointed date for
merger is October 1, 2004. The proposal
is subject to approval of the shareholders/Reserve
Bank of India. Upon the merger becoming
effective, IDBI Ltd. will issue 100
shares of IDBI Ltd. for every 142 shares
of IDBI Bank Ltd.. The above results
pertain to IDBI Ltd. as a standalone
entity prepared without taking into
consideration the impact of the above
proposal.
- The above results have been taken
on record by the Board of Directors
at the meeting held on January 31, 2005.
- The working results for quarter ended
December 31, 2004 have been arrived
at after considering provisions for
Non Performing Assets, Gratuity, Pension,
Leave encashment on retirement, Income
Tax (after considering deferred tax
adjustments as per AS-22 of ICAI) and
other usual and necessary provisions
on an estimated basis and are subject
to adjustment at the year end.
- There are no reportable segments under
Accounting Standard 17 as during the
quarter the bank's operations predominantly
comprised of only one segment i.e. Wholesale
Banking.
- There were 21 investor grievances
pending as on October 1, 2004. During
the quarter, the bank received 11465
investor grievances. Out of the aggregate
11486 grievances, 11385 have been redressed
during the quarter and 101 grievances
are pending for resolution at the end
of the quarter.
|
By
order of the Board
sd/-
|
Place : New
Delhi
Date : January 31, 2005 |
(M. Damodaran)
Chairman |
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