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Financial Reports

VIJAYA BANK : FINANCIAL RESULTS FOR THE NINE MONTHS ENDED ON 31.12.2009 (Rupees in lakh)

Sl.

No.Particulars

Quarter ended

(Reviewed)

Nine Months Ended

(Reviewed)

Year

ended

(Audited)

31.12.2009 31.12.2008 31.12.2009 31.12.2008 31.03.200901 Interest earned [(a)+(b)+(c)+(d)] 134431 137673 398279 387360 523782

(a) Interest/discount on advances/bills 96673 103051 287805 283171 382996

(b) Income from investments 36382 32003 105888 98429 131641

(c) Interest on balances with Reserve Bank of India and otherinter bank funds

- 19 23 406 419

(d) Others 1376 2600 4563 5354 8726

02 Other Income 10310 25825 38564 44075 69881

03 TOTAL INCOME (1+2) 144741 163498 436843 431435 593663

04 Interest Expended 88973 106369 282271 306985 411302

05 Operating Expenses (i) + (ii) 25880 29120 80313 65907 92470

(i) Employee costs 17392 21507 54201 43153 59747

(ii) Other operating expenses 8488 7613 26112 22754 32723

06 TOTAL EXPENDITURE (4+5) (Excluding provisions andcontingencies)

114853 135489 362584 372892 503772

07 OPERATING PROFIT (3 6)

(Profit before provisions and contingencies)

29888 28009 74259 58543 89891

08 Provisions (other than tax) and Contingencies 13131 (6190) 19575 19322 35741

09 Exceptional items - - - - -

10 Profit/(Loss) from Ordinary Activities before tax (7-8-9) 16757 34199 54684 39221 54150

11 Tax Expenses[(i)+(ii)+(iii)+(iv)] 4300 18500 17047 23198 27902

(i) Current Tax 5521 14677 21359 15177 21843

(ii) Deferred Tax (1221) 3248 (4312) 7741 1273

(iii) Fringe Benefit Tax - 75 - 280 380

(iv) MAT credit - 500 - - 4406

12 Net Profit/(Loss) from Ordinary Activities after tax (10-11) 12457 15699 37637 16023 26248

13 Extraordinary Items (Net of Tax Expense) - - - - -

14 Net Profit/(Loss) for the period (12-13) 12457 15699 37637 16023 26248

15 Paid up equity share capital(Face value of each share-Rs.10/-)

43352 43352 43352 43352 43352

16 Reserves excluding Revaluation Reserves (As per Balance

Sheet of previous accounting year)

188455 167289 188455 167289 188455

17 Analytical Ratios

(i) Percentage of shares held by Government of India 53.87 53.87 53.87 53.87 53.87

(ii) Capital Adequacy Ratio (%)

Basel I 12.01 11.40 12.01 11.40 13.08

Basel II 13.34 - 13.34 - 13.15

(iii) Earnings per share (EPS) (Not annualized)

(a) Basic and Diluted EPS before Extraordinary Items (Net

of Tax Expenses for the period, for the year to date and for the previous

year)

2.87 3.62 8.68 3.70 6.05

(b) Basic and Diluted EPS after Extraordinary Items for theperiod, for the

year to date and for the previous year

2.87 3.62 8.68 3.70 6.05

(iv) NPA Ratios

a) Amount of Gross Non Performing Assets 99532 64754 99532 64754 69882

b) Amount of Net Non Performing Assets 51228 26325 51228 26325 29230

c) Percentage of Gross Non Performing Assets 2.53 1.77 2.53 1.77 1.95

d) Percentage of Net Non Performing Assets 1.30 0.73 1.30 0.73 0.82

(v) Return on Assets (Annualised) (%) 0.77 1.05 0.77 0.36 0.59

18 Public share holding

- Number of shares 200000000 200000000 200000000 200000000 200000000

- Percentage of share holding 46.13 46.13 46.13 46.13 46.1319 Promoters and Promoter Group Shareholding

a) Pledged / Encumbered

Number of Shares Nil Nil Nil Nil Nil

Percentage of shares (as a percentage of total

shareholding of promoter and promoter group)

Nil Nil Nil Nil Nil

Percentage of shares (as a percentage of total share

Nil Nil Nil Nil Nil


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capital of the company)

b) Non-encumbered

Number of Shares (in million) 233.52 233.52 233.52 233.52 233.52

Percentage of shares (as a percentage of total

shareholding of promoter and promoter group)

100.00 100.00 100.00 100.00 100.00

Percentage of shares (as a percentage of total share

capital of the company)

53.87 53.87 53.87 53.87 53.87

(Rupeess in lakhs)

SEGMENT-WISE RESULTS, ASSETS AND LIABILITIES FOR THE NINE MONTHS ENDED 31.12.2009

Sl. No. Particulars Quarter Ended 31.12.2009

(Reviewed)

Nine Months Ended 31.12.2009

(Reviewed)

Year Ended

31.03.2009

(Audited)

31.12.2009 31.12.2008 31.12.2009 31.12.2008

Business Segment #

a) Segment Revenue

i) Treasury Operations 39885 49308 123501 121930 171537

ii) Wholesale Banking 56060 58780 161937 158303 208541

iii) Retail Banking 40614 44271 125869 124868 174455

iv) Other Banking Operations 8182 11139 25536 26334 39130

Total 144741 163498 436843 431435 593663

b) Segment Result


ii) Wholesale Banking 11858 10380 28875 22303 32841iii) Retail Banking 8741 7971 22444 17568 27455


Total 30943 28813 77891 60848 93589

c) Unallocated Expenses 1055 804 3632 2305 3698

d) Operating Profit 29888 28009 74259 58543 89891

e) Provisions & Contingencies 13131 (6190) 19575 19322 35741

f) Income Tax 4300 18500 17047 23198 27902

g) Extraordinary Profit - - - - -

h) Net Profit 12457 15699 37637 16023 26248

i) Other Information -

j) Segment Assets


ii) Wholesale Banking 2447842 2234338 2447842 2234338 2190419iii) Retail Banking 1684619 1590269 1684619 1590269 1747091


v) Unallocated Assets 85614 111664 85614 111664 110640

Total Assets 6653379 5945755 6653379 5945755 6238260

k) Segment Liabilities


ii) Wholesale Banking 2348893 2177405 2348893 2177405 2117392

iii) Retail Banking 1616522 1549747 1616522 1549747 1688845


v) Unallocated Liabilities 351101 260322 351101 260322 314930

Total Liabilities 6653379 5945755 6653379 5945755 6238260

# The Bank operates only in domestic segment.NOTES:

1. The Bank has followed the same Accounting Policies in preparation of these financial statements as were followed in the Annual financial

statements for the year ended 31 st March, 2009

2. The above results have been subjected to limited review by the Statutory Central Auditors and were taken on record by the Board ofDirectors of the bank at its meeting held on 23.01.2010.

3. Working results for the nine months ended on 31.12.2009 have been arrived at after making necessary provisions.In one account, which was declared as non-performing asset, the provision has been made to the extent of Rs.130.42 crore as on 30th

September 2009, and the balance has to be provided for in ensuing two quarters, as permitted by RBI. However, the bank has made

full provision of Rs.113.17 crore during the quarter.4. Pending finalization at Industry level settlement and wage revision, a sum at Rs.25 Crore has been provided for on an estimated basis during

the quarter towards arrears and included under Employees cost. The total provision on this account is Rs.110 crore during the nine months.

Provision for staff retirement benefits are provided for the nine months ended on 31st December, 2009, on an estimated basis.5. In terms of Agricultural Debt Waiver and Debt Relief Scheme, 2008 framed by the Government of India, the Bank has made provision

for inadmissible interest, expenses and differential amount of eligible claim based on the Certification by Statutory Central Auditors.

The Final claim of Rs.147.12 Crore is submitted to Reserve Bank of India being the amount waived after due verification by theStatutory Central Auditors of the Bank and a difference of Rs.5.95 crore has been written off during the nine months ended on 31st

December, 2009, out of which the Bank has received Rs.99.05 crore during the period.

Provision of Rs.5.98 crore towards loss in present value in case of other farmers has been made as per Management calculation, inline with RBI guidelines.

6. The audit qualification as at March 31, 2009 with regard to provision towards diminution in the fair value of restructured advances has been


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complied with by making adequate provision during the period.

7. The figures of the previous period have been regrouped / rearranged, wherever necessary

8. The number of shareholders' complaints pending is Nil. Number of complaints received and resolved during the quarter are 1580.

Place : Bangalore

Date : 23rd January, 2010

SHUBHALAKSHMI PANSE

Executive Director

ALBERT TAURO

Chairman & ManagingDirector

Copyright 2012 Vijaya Bank. All rights reserved.

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