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Origin
Inspired by the clarion call for self reliance given by National leaders in the pre-independence era, a group of patriotic, eminent personalities......
Management...
The Board of Directors comprises of progressive agriculturists, reputed traders, merchants, professionals like Chartered...
Performance
The Bank is honoured by the patronage and confidence reposed in it by over 5,50,000 clients. The Working Funds of the Bank (as on March 31, 2009) are around Rs. 2537 Crores, Deposits Rs. 1307 Crores, Advances Rs. 818 Crores and Investments Rs.412 Crores. This Business has been secured through 84 branches spread over Maharashtra, Karnataka, Goa, Gujrat and Delhi and Union Territory of Dadra & Nagar Haveli. As many as 53 branches are under Core Banking Network and another 10 fully computerized. About 90 % Business of the bank is fully computerized. |
Audited Annual Financial Results for the year ended 31st MARCH 2009 |
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| 1 Interest earned (a)+(b)+(c)+(d) | 137.87 | 107.28 | |||
| (a) Interest/discount on advance bills | 77.44 | 60.04 | |||
| (b) Income on investments | 31.72 | 23.95 | |||
| (c) Interest on balanceswith Reserve Bank of India and other inter-bank funds |
28.71 | 22.98 | |||
| (d) Others | - | 0.31 | |||
| 2 Other Income | 15.66 | 8.73 | |||
| 3 Total Income (1)+(2) | 153.53 | 116.01 | |||
| 4 Interest Expended | 74.44 | 52.38 | |||
| 5 Operating Expenses (i)+(ii) | 33.25 | 29.75 | |||
| (i) Employees Cost | 20.50 | 17.12 | |||
| (ii) Other operating Expenses | 12.75 | 12.63 | |||
| 6 Total Expenditure (4)+(5) | 107.69 | 82.13 | |||
| (Excluding Provisions and Contingencies) | |||||
| 7 Operating Profit (3)-(6) | 45.84 | 33.88 | |||
| (Profit before Provisions and Contingencies) | |||||
| 8 Provisions (other than tax) and Contidencies (net) | 0.27 | 8.59 | |||
| 9 Exceptional Items | - | - | |||
| 10 Profit/(Loss) from Ordinary Activities after Tax (7)-(8)-(9) |
45.57 | 25.29 | |||
| 11 Tax Expense | 15.04 | 8.28 | |||
| 12 Net Profit/(Loss) from Ordinary Activities after from Tax (10)-(11) |
30.53 | 17.01 | |||
| 13 Extraordinary items (net of tax expense) | - | - | |||
| 14 Net Profit (12)-(13) | 30.53 | 17.01 | |||
| 15 Paid-up equity share capital (face value of Rs. 10/-per share) |
104.72 | 104.72 | |||
| 16 Reserves excluding revaluation reserves | 235.28 | 217.01 | |||
| 17 Analytical Ratios | |||||
| (i) Percentage of shares held by Government of India |
- | - | |||
| (ii) Capital Adequacy Ratio | 44.87% | 49.15% | |||
| (iii) Earning Per Share (EPS) | |||||
| - Basic | 2.91 | 1.68 | |||
| - Diluted | 2.91 | 1.68 | |||
| (iv) NPA Ratios | |||||
| (a) Amount of Gross Non-Performing Assets | 17.27 | 37.09 | |||
| (b) Amount of Net Non-Performing Assets | 5.45 | 5.81 | |||
| (c) % of Gross NPAs | 2.13% | 6.01% | |||
| (d) % of Net NPAs | 0.68% | 0.99% | |||
| (v) Return on Assets | 1.96% | 1.31% |