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DENA BANK

WELCOMES YOU AT

ANALYSTS MEET

6TH FEBRUARY 2012

Un Audited (Reviewed) Quarterly / 9 Months’

Financial Results for the December 31, 2011

KEY INDICATORS

[` cr]Full Year Quarter Growth

(%)

Nine Months Growth

(%)Dec 10 Dec 11March 11 Dec 10 Dec 11

Operating Profit

1223.79 316.43 393.17 24.25 880.67 1052.91 19.56

Net Profit 611.63 155.21 186.68 20.28 454.63 548.35 20.61

Total Income 5567.37 1416.95 1810.21 27.75 3979.10 5209.94 30.93

Total Expenses

4343.58 1100.52 1417.04 28.76 3098.43 4157.03 34.17

Provision & Contingencies

612.16 161.22 206.49 28.08 426.04 504.56 18.43

NET INTEREST INCOME

[` cr]Full Year Quarter Growth

(%)

Nine Months Growth

(%)Dec 10 Dec 11March 11 Dec 10 Dec 11

Interest Income

5033.53 1289.89 1676.24 29.95 3626.03 4838.24 33.43

Advances 3820.43 986.37 1292.77 31.06 2735.35 3695.78 35.11

Investment 1192.73 299.92 374.83 24.98 879.07 1117.61 27.14

Inter Bank 16.27 3.60 8.64 140.00 11.60 24.84 114.14

Others 4.10 0.00 0.00 0.00 0.01 0.01 0.00

Interest Expense

3270.16 823.47 1135.04 37.84 2333.86 3335.60 42.92

Deposits 3117.37 780.61 1093.09 40.03 2218.80 3221.41 45.19

Others 152.79 42.86 41.95 -2.12 115.06 114.19 -0.76

Net Interest income [NII]

1763.37 466.42 541.20 16.03 1292.17 1502.64 16.29

NET INTEREST INCOME

[` cr]Quarter 9 Months

Dec 10 Dec 11 Dec 10 Dec 11

Net Interest Income 466.42 541.20 1292.17 1502.64

283

466

541

100

200

300

400

500

600

'Dec 09 'Dec 10 'Dec 11

Net Interest Income

Bank has witnessed CAGR growth of 38.26% in Net Interest Income over last two years.

NET INTEREST MARGIN

[%]Quarter 9 Months

Dec 10 Dec 11 Dec 10 Dec 11

Net Interest Margin 3.27 3.33 3.20 3.16

2.53

3.27 3.33

2.0

2.4

2.8

3.2

3.6

4.0

Dec09 [Q] Dec10 [Q] Dec11 [Q]

NON INTEREST INCOME

[` cr]

Full Year

QuarterGrowth

(%)

Nine MonthsGrowth

(%)Dec 10 Dec 11March

11Dec 10 Dec 11

Fee Based Income Core

375.25 85.61 108.65 26.91 256.81 317.98 23.82

Profit from Sale of Securities

24.02 14.00 9.99 -28.64 23.74 15.35 -35.36

Recovery in Written off Advances

134.57 27.45 15.33 -44.15 72.52 38.37 -47.09

Total Non Interest Income

533.84 127.06 133.97 5.44 353.07 371.70 5.28

PROVISIONS & CONTINGENCIES

[` cr]Full Year Quarter Nine Months

March 11 Dec 10 Dec 11 Dec 10 Dec 11

Provisions for NPA 281.25 50.25 68.54 160.28 155.78

Tax Expense 286.96 75.53 82.16 224.67 233.42

Investment Depreciation

47.61 20.25 20.54 28.91 68.47

Standard Assets 11.07 19.87 23.52 21.25 22.48

FITL [4.78] [5.06] 11.65 [5.60] 13.90

NPV of Restructured Accounts

[8.82] 0 0 0 0

ADWDRS 2008 [4.07] 0 0 [4.07] 0

Other Provisions 2.93 0.38 0.08 0.60 10.51

Total Provisions 612.16 161.22 206.49 426.04 504.56

[` cr] 31.03.2011 31.12.2010 31.12.2011Growth %

over Dec 10

CASA Deposits 22743.31 21406.41 23847.75 11.40

Term Deposits 39261.60 37141.11 42482.43 14.38

Aggregate Deposits 62004.91 58547.52 66330.18 13.29

CASA [%] 35.42 35.39 34.90

Inter Bank Deposits 2204.71 1931.25 2009.07 4.03

TOTAL DEPOSITS 64209.62 60478.77 68339.25 13.00

Borrowing 1691.66 1516.75 1829.27 20.60

RESOURCES

RESOURCES

36,611

47,844

60,479

68,339

25000

35000

45000

55000

65000

75000

'Dec 08 'Dec 09 'Dec 10 'Dec 11

13,707

16,970

21,406

23,848

5,000

10,000

15,000

20,000

25,000

30,000

'Dec 08 'Dec 09 'Dec 10 'Dec 11

Bank has witnessed CAGR growth of 20.27% in CASA deposits over last three years.

Bank has witnessed CAGR growth of 23.13% in Total deposits over last three years.

TOTAL DEPOSITS

CASA DEPOSITS

[` cr] 2010-11 Dec 10 Dec 11

Gross Advances

[Growth %]

45163

[26.43]

41,426

[33.96]

47,928

[15.70]

Priority Sector

[Growth %]

15150

[29.29]

12,742

[20.95]

13,146

[3.17]

Direct Agriculture

[Growth% ]

4179

[29.14]

3172

[13.90]

3,399

[7.16]

MSME

[Growth %]

6784

[20.13]

6,265

[20.69]

7,368

[17.61]

Retail

[Growth %]

6136

[14.05]

5,852

[28.64]

6,614

[13.02]

CD Ratio [%] 70.34 68.50 70.13

DEPLOYMENT - ADVANCES

[` cr] March 11 Dec 10 Dec 11Growth over Dec 10 (%)

SLR Investments15304.91 14688.50 17198.01 17.08

Non-SLR Investments3555.31 3232.64 3353.18 3.73

Total Investments 18860.22 17921.14 20551.19 14.68

Of which HFT 562.51

[2.98%]

1063.87

[5.94%]

30.93

[0.15%]

-97.09

AFS 2598.96

[13.78%]

1704.84

[9.51%]

3344.50

[16.27%]

96.18

HTM 15698.75

[83.24%]

15152.43

[84.55%]

17175.76

[83.58%]

13.35

AFS / HFT Duration [Modified]2.42 3.84 3.68

Portfolio Duration [Modified]4.45 4.59 4.38

DEPLOYMENT - INVESTMENT

[` cr] Dec 09 Dec 10 Dec 11

Business Mix per Employee

7.47 10.06 11.73

Business Mix per Branch

71.74 85.78 96.09

BUSINESS MIX

7.47

10.0611.73

2

4

6

8

10

12

14

'Dec 09 'Dec 10 'Dec 11

Business Mix per Employee

71.74

85.7896.09

20

40

60

80

100

'Dec 09 'Dec 10 'Dec 11

Business Mix per Branch

[` cr] 31.03.2011 30.09.2011 31.12.2010 31.12.2011

Gross NPA 842.24 830.49 803.29 885.32

Net NPA 548.95 491.01 519.14 523.97

Gross NPA Ratio [%] 1.86 1.93 1.94 1.85

Net NPA Ratio [%] 1.22 1.15 1.26 1.10

NPA Provision 290.16 337.63 276.09 359.31

Provision Coverage Ratio [PCR]

[Incl Technical Write Off]74.62 77.14 76.09 76.56

ASSET QUALITY

[` cr]Full Year Quarter Nine Months

March 11 Dec 10 Dec 11 Dec 10 Dec 11

Gross NPA

Opening Balance 641.99 825.65 830.49 641.99 842.24

Less:

Cash recoveries 191.05 41.02 40.41 130.71 164.83

Up gradations 171.12 31.17 31.44 107.03 159.24

Write off 196.27 56.01 46.86 89.36 110.75

Total Reductions 558.44 128.20 118.71 327.10 434.82

Add:

Slippage & Debit Operations

758.69 105.84 173.54 488.40 477.90

Closing Balance 842.24 803.29 885.32 803.29 885.32

Recovery in w/o A/c 134.57 27.45 15.33 72.52 38.37

ASSET QUALITY

[` cr] 31.03.2011 30.09.2011 31.12.2010 31.12.2011

Tier I capital 3605.57 3614.82 2489.70 3627.72

Tier II capital 1343.84 1268.10 1329.80 1290.36

Total capital funds 4949.41 4882.92 3819.50 4918.08

Total RWAs 36908.43 38894.03 34472.14 42452.72

CRAR – Basel II 13.41 12.55 11.08 11.58

CRAR Core – Basel II 9.77 9.29 7.22 8.54

Net Worth 3366.43 3737.34 2705.19 3936.93

CRAR ( Considering Plough Back of Profits)

13.41 13.48 12.40 12.88

CAPITAL ADEQUACY

[` cr]Full Year Quarter Nine Months

March 11 Dec 10 Dec 11 Dec 10 Dec 11

Cost of Deposits [%] 5.76 5.75 7.09 5.65 6.92

Yield on Advances [%] 10.24 10.32 12.18 10.11 11.82

Cost Income Ratio [%] 46.73 46.68 41.77 46.47 43.82

Return on Assets %]

[annualized]1.00 0.99 1.05 1.02 1.05

Return on Equity %]

[annualized]22.98 22.40 20.46 23.13 19.58

Earning Per Share `

[non-annualized]21.26 5.41 5.60 15.85 16.45

Book Value `

[including Revaluation Reserve]

123.85 101.25 123.72 101.25 123.72

FINANCIAL RATIOS

SHAREHOLDING PATTERN

0.534.8417.19

11.79

6.20.27 1.17

58.01

Govt of India Mutual Funds FI & Banks

Insurance Comp FIIs Indian Public

Corp Bodies NRIs & OCBs

Share Capital ` 333.39 cr

No of Shares 33.34 cr

Net Worth ` 3936.93 cr

B. V. per Share ` 123.72

Return on Equity 19.58%

[For nine months annualised]

DENA is part of BSE 500, BSE

Midcap BSE Sectoral [PSU]

indices, United Stock Exchange

Listed on BSE and NSE & in

‘Future and Options’ segment also.

DISTRIBUTION CHANNELS

Mar 11 Sept 11 Dec 11

Branches 1291 1298 1307

Ext. Counters 12 12 12

ATMs 496 520 535

Bank is having 148licences pending foropening of newbranches. Out of this96 are normalbranches and 52branches are forfinancial inclusionexercise.

Bank is planning to reach the figure of 757 ATMs by March 2012.

SKILL BUILDING : FOR CUSTOMER SATISFACTION & ENHANCED

PRODUCTIVITY

Bank has been imparting training to employees as an ongoing process for

development and improvement of their knowledge, skill, business confidence. It

also keeps them abreast of the latest trends in Banking Industry. These Training

programmes are conducted in house and also through other reputed institutes like

NIBM, CAB, ASCI, MDI etc.

Recruitment of fresh talent – Bank has completed the recruitment process of 564

officers (including campus recruitment) in the area of Credit, Agriculture & Forex

and also POs. The recruitment of 600 clerks is in process and is expected to complete

shortly.

Customer centric grooming of frontline staff. Along with intensive two months’

training programme on credit to create an effective cadre of credit officer, Bank is

also re-orienting the frontline staff for better customer service through an in-house

programme namely S.M.I.L.E. (Smart, Motivated Intelligent for Leveraging the

Emerging Market).

STRATEGIES

STRATEGIES

Bank has identified Agriculture, MSME and Retail as thrust

areas for lending. To have a focused attention on these areas of

lending, Bank has given exclusive charge of MSME and Retail

to One General Manager and Priority Sector to another

General Manager.

Bank is having 148 licences pending for opening of new

branches. Out of this 96 are normal branches and 52 branches

are for implementation and monitoring of entire financial

inclusion exercise.

Bank is on the path of transformation through effective use of

technology. Bank has already achieved 100% CBS, while constitution

of centralized back office function has relieved frontline staff for

business development.

Through ATM sharing agreement, Bank has enabled itself with

more than 70,000 access points. Bank has already opened 535 ATMs

of its own and targeting to take the total number of ATMs to 757 by

March 2012.

Bank will continue to make intense effort for increasing the CASA

Deposits through targeting high value customers and by increasing

the clientele base by 20%.

STRATEGIES

FINANCIAL INCLUSION

The Bank has been allotted 726 villages with population above2000 for providing banking services through an outlet by March2012. All villages have been covered through either BranchModel or BC model.

Bank has opened 11.46 lacs No Frill Accounts against the targetof 11 lacs accounts. No Frill Accounts have been provided withoverdraft facility.

Reserve Bank of India has selected 3 model villages – 2 inDadra Nagar Haveli and 1 in Gujarat among these financialinclusion villages.

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