Notes:

1. The above results have been taken on record by the Board of Directors of Industrial Development Bank of India Ltd., at their meeting held on November 8, 2004.
2. Dividend at Rs.1.50 per share on equity shares for the eighteen months has been recommended by the Board for adoption by the Shareholders.
1. The above results pertain to Industrial Development Bank of India (the Bank) a Financial Institution that was established under the Industrial Development Bank of India Act, 1964. The undertaking of the Bank has since been transferred to, and vested in, Industrial Development Bank of India Ltd. (IDBI Ltd.) by the Industrial Development Bank (Transfer of Undertaking and Repeal) Act, 2003 with effect from October 1, 2004.



2. The above results have been prepared in terms of the Industrial Development Bank of India Act, 1964 (since repealed) & Regulations framed thereunder and by applying Accounting Standards/Guidelines as also regulatory guidelines that were applicable to the Bank.
4. Government of India (GOI) has declared a Trust constituting 'Stressed Assets Stabilisation Fund (SASF)' to acquire, administer and manage the Stressed Assets of the Bank. GOI has extended a loan of Rs. 9000 Crore to SASF, which was invested by SASF in Non-interest bearing Government of India Special Securities, 2024 (Special Securities). SASF acquired the stressed assets of the Bank to the extent of Rs. 9000 Crore and endorsed the Special Securities to the Bank.
5. The requirement of provisions/write-off for loans and advances has generally been determined on the basis of the RBI guidelines on asset classification and provisioning and keeping in view the record of recovery and other relevant factors.
6. In view of the conversion to a commercial bank, accelerated provisioning amounting to Rs.1500 crore has been made
7. The Board of Directors of the Bank, at its meeting held on July 29, 2004, have approved the proposal to merge its majority held subsidiary, IDBI Bank Ltd., with itself. The proposal has since been approved by the Board of Directors of IDBI Ltd., at its meeting held on October 1, 2004. Necessary steps are being taken to effect this proposal.
8. The current accounting period is of eighteen months. Hence, results for the current accounting period are not comparable to that of the previous year.
9. The figures of the previous year have been regrouped and adjusted wherever required.