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Audited
Financial results for the
year ended March 31, 2000 |
| (Rs.
in crore) |
|
Sr.no.
|
Particulars
Year ended |
31-03-00 |
Accounting year ended
31-03-99 |
| |
|
(Audited)
|
(Audited)
|
|
1
|
Income
from operations |
7619 |
7291 |
|
2
|
Other
Income |
240 |
173 |
|
3
|
Interest
Expenses |
6370 |
5725 |
|
4
|
Other
expenses |
249 |
238 |
|
5
|
Gross Profit (1+2-3-4) |
1240 |
1501 |
|
6
|
Depreciation |
213 |
200 |
|
7
|
Profit
before tax (5-6) |
1027 |
1301 |
|
8
|
Provision
for tax for the current year |
80 |
75 |
|
9
|
(Provision)/Write
back of tax for the earlier years(Note
4) |
0 |
33 |
|
10
|
Net
Profit (7-8+9) |
947 |
1259 |
|
11
|
Paid
up equity share capital |
660 |
660 |
|
12
|
Reserves
excluding revaluation reserves
(As on March 31, 1999) |
8365 |
8033 |
|
13 |
Net Worth |
9025 |
8693 |
| |
Earnings per share(Rs.) |
14.07 |
18.70 |
|
|
Book value per share |
134.08 |
129.15 |
|
|
Sanctions |
28308 |
23745 |
|
|
Disbursements |
17059 |
14470 |
|
|
Equity Dividend |
45% |
45% |
| |
- The above statement of financial
results was approved at the
meeting of the Board of Directors
held on April 28, 2000
- Dividend at Rs.4.50 per share
on equity shares for the financial
year 1999-2000 has been declared
by the Board for adoption at
the AGM
- Provision of 0.25% on outstanding
standard assets is to be made
as required by RBI guidelines
with effect from the financial
year ending March 31,2000 An
amount of Rs. 118.44 Crore,
being the provision for standard
assets as on March 31,1999,
has been adjusted from Reserve
Fund and the incremental provision
for Standard Assets as on March
31, 2000 has been charged to
the Profit & Loss Account.
- Consequent to the clarification
issued by CBDT by its circular
dated October 4,1999 that the
exemption for infrastructure
income u/s 10(23G) of the Income
Tax Act is required to be computed
on net basis instead of gross
basis, the income tax liability
of earlier years on this account
works out to Rs. 149.37 Crore,
for which provision has been
made by debit to the Contingency
Reserve
- Year
2000 compliance status:
The Bank had a smooth rollover to the
year 2000. During the transition, no Y2K problem was noticed. All
the systems continue to function
normally.
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