Last checked at 5 Aug 2009 10:16
| THE FEDERAL BANK LIMITED REGD. OFFICE: ALUVA | |||||||||||
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| UNAUDITED (PROVISIONAL) FINANCIAL RESULTS | |||||||||||
| FOR THE QUARTER ENDED 30 JUNE 2009 | |||||||||||
| (Rs. Crore) | |||||||||||
|
| Quarter ended 30 June | Year ended 31 March | |||||||||
|
| 2009 | 2008 | 2009 | ||||||||
| (Unaudited) | (Unaudited) | (Audited) | |||||||||
| 1. Interest earned (a)+(b)+(c)+(d) | 874.38 | 745.12 | 3315.38 | ||||||||
| (a) Interest/discount on advances/bills | 656.15 | 550.00 | 2564.25 | ||||||||
| (b) Income on Investments | 204.82 | 180.78 | 700.27 | ||||||||
| (c) Interest on balances with RBI and other inter bank funds | 13.11 | 6.65 | 36.66 | ||||||||
| (d) Others | 0.30 | 7.69 | 14.20 | ||||||||
| 2. Other Income | 147.41 | 96.21 | 515.77 | ||||||||
| 3. TOTAL INCOME (1+2) | 1021.79 | 841.33 | 3831.15 | ||||||||
| 4. Interest expended | 584.30 | 466.93 | 1999.92 | ||||||||
| 5. Operating Expenses (i)+(ii) | 159.21 | 120.88 | 571.45 | ||||||||
| (i) Employee Cost | 92.41 | 66.12 | 317.45 | ||||||||
| (ii) Other operating expenses | 66.80 | 54.76 | 254.00 | ||||||||
| 6. TOTAL EXPENDITURE (4)+(5) (excluding Provisions and Contingencies) | 743.51 | 587.81 | 2571.37 | ||||||||
| 7. OPERATING PROFIT (3-6) | 278.28 | 253.52 | 1259.78 | ||||||||
| (Profit before Provisions and Contingencies) | |||||||||||
| 8. Provisions (other than tax) and Contingencies | 51.95 | 172.40 | 466.77 | ||||||||
| 9. Exceptional Items | 0.00 | 0.00 | 0.00 | ||||||||
| 10. Profit (+)/Loss(-) from Ordinary Activities before tax (7-8-9) | 226.33 | 81.12 | 793.01 | ||||||||
| 11. Tax expense | 89.95 | 12.97 | 292.52 | ||||||||
| 12. Net Profit(+)/Loss(-) from Ordinary Activities after tax (10-11) | 136.38 | 68.15 | 500.49 | ||||||||
| 13. Extraordinary items (net of tax expense) | 0.00 | 0.00 | 0.00 | ||||||||
| 14. Net Profit(+)/Loss(-) for the period (12-13) | 136.38 | 68.15 | 500.49 | ||||||||
| 15. Paid-up equity share capital (Face value Rs.10/-) | 171.03 | 171.03 | 171.03 | ||||||||
| 16. Reserves excluding revaluation reserve (as per Balance Sheet of the previous accounting year) | 4148.74 | ||||||||||
| 17. Analytical Ratios | |||||||||||
| (i) Percentage of shares held by Government of India | Nil | Nil | Nil | ||||||||
| (ii) Capital Adequacy ratio (%) (a) As per Basel I (b) As per Basel II | 19.94 19.11 | 20.74 N A | 20.14 20.22 | ||||||||
| (iii) Earnings per Share (EPS) a) Basic and diluted EPS before Extraordinary items (net of tax expense) b) Basic and diluted EPS after Extraordinary items | 7.97* 7.97* | 3.98* 3.98* | 29.26 29.26 | ||||||||
| (iv) NPA Ratios | |||||||||||
| a) Gross NPA | 631.23 | 548.43 | 589.54 | ||||||||
| b) Net NPA | 67.31 | 93.83 | 68.12 | ||||||||
| c) % of Gross NPA | 2.65 | 2.64 | 2.57 | ||||||||
| d) % of Net NPA | 0.29 | 0.46 | 0.30 | ||||||||
| (v) Return on Assets (%) | 0.35* | 0.21* | 1.48 | ||||||||
| 18. Public Shareholding: | |||||||||||
| - Number of Shares | 1657.95 Lakh | 1563.46Lakh | 1615.57 Lakh | ||||||||
| - Percentage of shareholding | 96.99% | 91.46% | 94.51% | ||||||||
| 19. Promoters and Promoter Group Shareholding | Nil | Nil | Nil | ||||||||
* Not annualised
Segment Information@
(Rs. crore)
|
| Quarter ended | Year ended | |
| 30-Jun-09 | 30-Jun-08 | 31-Mar-09 | |
| (Unaudited) | (Unaudited) | (Audited) | |
| Segment Revenue: |
|
|
|
| Treasury operations | 268.84 | 176.07 | 803.87 |
| Corporate/Wholesale Banking | 299.12 | 116.04 | 943.39 |
| Retail Banking | 443.62 | 534.13 | 2040.38 |
| Other Banking operations | 10.21 | 15.09 | 43.51 |
| Total Revenue | 1021.79 | 841.33 | 3831.15 |
| Segment Results (net of provisions): | |||
| Treasury operations | 101.45 | -136.35 | 41.87 |
| Corporate/Wholesale Banking | 52.95 | -13.23 | 112.36 |
| Retail Banking | 63.52 | 225.07 | 655.68 |
| Other Banking operations | 8.41 | 5.63 | -16.90 |
| Total Profit before Tax | 226.33 | 81.12 | 793.01 |
| Capital employed: | |||
| Treasury operations | 1480.58 | 1234.01 | 1469.44 |
| Corporate/Wholesale Banking | 1195.57 | 884.04 | 1068.44 |
| Retail Banking | 1782.31 | 1867.57 | 1782.84 |
| Other Banking operations | 3.80 | 8.23 | 5.16 |
| Total | 4462.26 | 3993.85 | 4325.88 |
@ For the above segment reporting, the reportable segments are identified into Treasury, Corporate/Wholesale Banking, Retail Banking and Other Banking Operations in compliance with the revised RBI guidelines. The Bank has only the Domestic geographic segment.
Notes
As a prudent policy, the Bank holds provisions for NPAs and standard assets over and above the minimum required under the RBI norms. Further, provision for restructured advances has been made as per RBI guidelines.
Provisions for gratuity, pension, bonus, wage arrears, income-tax including deferred tax and other usual and necessary items have been made on estimated basis.
After obtaining Reserve Bank of India's permission, the Bank has netted a sum of Rs.179.52 crore of Floating Provisions from Gross NPAs to arrive at the reported figure of Net NPAs.
Reconciliation/adjustment of outstanding entries in Inter branch/office transactions is in progress. In the opinion of the Bank, consequential effect of the same on the revenue/assets/liabilities is not likely to be material.
The Bank had no investor complaints pending as on 31 March 2009. All the 14 complaints received during the quarter were disposed off and there are no pending complaints as on 30 June 2009.
Figures for the previous periods have been recast/regrouped wherever necessary.
The above financial results, subjected to limited review by statutory central auditors, have been taken on record by the Audit Committee and approved by the Board of Directors at its meeting held on 31 July 2009.
Kochi M. VENUGOPALAN
31 July 2009 MANAGING DIRECTOR & CEO