Audited Financial Results for the period 1-4-2009  to  31-3-2010

The Year of Financial Inclusion and Financial Literacy

Highlights

Particulars

For the period of
Current Year Previous Year
1-4-09 to 31-3-10 1-4-08 to 31-3-09
Net Profit at

é

1-Interest Earned (a+b+c+d) 22021 16573
Rs.4900 a) Interest / discount on advances / bills 12255 10196
Lacs b) Income on investments 3725 3257

ê

Net NPA c) Interest on balances with RBI and other inter-bank funds 5945 3035
0.71% d) Interest (others) 96 85
Owned funds é 2- Other Income 1431 1210
Rs 26985 A- Total Income (1+2) 23452 17783
Lacs      
é Deposits 3- Interest Expanded 12853 9610
Rs.245541 4- Operating Expenses ( e+f ) 4467 4410
Lacs e) Payment and Provision for the employees 3404 3096
Advances

é

f) other operating expenses 1063 1314
Rs.146077 B- Total Expenditure 17320 14020
Lacs (excluding Provisions & Contingencies)    

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Per Branch C. Operating Profit (A - B) 6132 3762
Business Profit before Provisions & Contingencies)
Rs.1988 lacs D- Others Provisions & Contingencies 1232 530
Per Employee

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Net Profit ( C - D ) 4900 3232
Business 5- Paid up, Equity,Share capital 300 300
Rs.417.5 lacs 6- Share Deposit Account 3769 3769
  7- Reserves & Surplus 22916 19088
         

NOTES:- 

1-The above results have been taken on record by the Board of Directors of the Bank at its meeting dated 16-4-2010

2-The working results for the year ended 31st March 2010 have been arrived at after considering provision for Loan Losses and Standard Assets, Taxes, Depreciation on Investments and Fixed Assets, Gratuity and Leave Encashment as per  Reserve Bank of India guidelines.