KARNATAKA BANK LTD, REGD & HEAD OFFICE : MANGALORE 575002                

 

            

UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30.06.2011

                                                                                                                      (Rs. in lakhs)

 

 

UNAUDITED

 

AUDITED

 

 

Quarter ended

 

Year Ended

 

 

30.06.2011

30.06.2010

31.03.2011

1

Interest Earned (a+b+c+d)

 

68679

53794

237084

a)

Interest/Discount on advances/bills

51694

38368

170765

b)

Income on Investments

16960

15319

64222

c)

Interest on balances with Reserve Bank of India and other inter bank funds

10

27

60

d)

Others

15

80

2037

2

Other Income

8210

7536

29176

3

TOTAL INCOME (1+2)

76889

61330

266260

4

Interest expended

53311

42517

175836

5

Operating expenses (i+ii)

12870

11260

54895

i)

Employees Cost

7779

6842

34508

ii)

 

Other operating expenses

 

5091

4418

20387

6

TOTAL EXPENDITURE ((4+5) excluding provisions & Contingencies)

66181

53777

230731

7

Operating Profit before provisions & contingencies (3-6)

10708

7553

35529

8

Provisions (other than tax) and Contingencies

5958

1415

12035

9

Exceptional Items

0

0

0

10

Profit (+)/Loss (-) from Ordinary Activities before tax (7-8-9)

4750

6138

23494

11

Net Tax Expense

-228

1490

3033

12

Net Profit (+)/Loss (-) from Ordinary activities after Tax (10-11)

4978

4648

20461

13

Extraordinary Items (net of tax expense)

0

0

0

14

Net Profit (+)/Loss (-) for the period (12-13)

4978

4648

20461

15

Paid up equity share capital

(Face Value Rs 10/-)

18822

13403

18820

16

Reserves excluding revaluation reserves (as per balance sheet of previous accounting year)

-

-

224089

17

Analytical Ratios

 

 

 

i)

Percentage of shares held by Government of India

Nil

Nil

Nil

ii)

Capital Adequacy Ratio (%)

i)  Basel –I

ii) Basel - II

 

12.38

13.05

 

12.01

12.31

 

12.91

13.33

iii)

Earning per share (EPS) (Rs)

a) Basic  EPS

b) Diluted EPS

before Extraordinary items (net of Tax  expense)

 b) ) Basic  EPS

        Diluted EPS

 after Extraordinary items (net of Tax  expense)

* Not Annualized

 

 

2.64*

2.64*

 

 

2.64*

2.64*

 

3.47*

3.46*

 

 

 3.47*

3.46*

 

15.23

15.20

 

 

15.23

15.20

iv)

NPA Ratios as on date

a) Gross NPA

     Net NPA

b) % of Gross NPA

     % of Net NPA

c) Return on Assets-           

 

 

 

67732

33796

3.68

1.87

0.62

 

 

 

56826

17233

3.84

1.20

0.68

 

 

70217

28034

3.97

1.62

0.72

 

18

Public Shareholding

-No of Shares

-Percentage of Share holding

 

188205757

100%

 

134022972

100%

 

188190652

100%

19

Promoters and Promoter group shareholding

a) Pledged /encumbered

-Number of shares

- Percentage of shares(as a % of the total shareholding of promoter and promoter group)

-Percentage of shares (as a % of the total share capital of the company.

 

b) Non-encumbered

-Number of shares

- Percentage of shares(as a % of the total shareholding of promoter and promoter group)

-Percentage of shares (as a % of the total share capital of the company.

 

 

 

 

 

 

NA

 

NA

 

 

NA

 

 

 

NA

 

NA

 

NA

 

 

 

 

NA

 

NA

 

 

NA

 

 

 

NA

 

NA

 

NA

 

 

 

 

NA

 

NA

 

 

NA

 

 

 

NA

 

NA

 

NA

                                                                                               

Notes forming part of the un-audited quarterly financial results for the quarter ended 30.06.2011

 

  1. The above interim financial results have been reviewed by the Audit Committee of the Board and approved by the Board of Directors in their meeting held on 30th July 2011.  The same has been subjected to limited review by the Statutory Central Auditors of the Bank.

 

  1. To the extent applicable to the interim financial reporting, the Bank has consistently followed the same accounting policies and generally accepted practices adopted for the preparation of audited financial statements for the year ended 31st March, 2011.

 

  1. The above interim financial results have been arrived at after considering the provision for loan losses and depreciation on investment as per RBI guidelines. Provision for employees’ retirement benefits like pension, gratuity etc., provision for income tax and other contingencies for the current period have been made on an estimated basis, which are subject to adjustments, if any.

 

  1. The Bank has amortized during the quarter ended 30th June 2011 a sum of Rs. 785.25 lakhs towards proportionate share of the unamortized liability of Pension and Gratuity as of 31st March 2011, which was permitted by the Reserve Bank of India to be amortized over a period of four years commencing from 1st April, 2011.
  2. The Bank’s operations have been categorized under identified four business segment viz, Treasury, Corporate and wholesale banking, Retail Banking, and Other Banking Operations. The Geographic Segment consists of the Domestic Segment only as the Bank does not have any foreign branch. The Segment results are annexed.

 

  1. Status of shareholder complaints is as under.

 

Complaints pending at the beginning of the quarter

Complaints received during the quarter

Complaints redressed during the quarter

Complaints pending at the end of the quarter

Nil

73

72

1

 

  1. Corresponding previous period figures have been regrouped/ rearranged wherever necessary.

By order of the Board

 

Place: Mangalore

Date:  30 July 2011                                                                    P Jayarama Bhat

                 Managing Director & C.E.O 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Segment wise Results for the quarter ended 30.06.2011          Rs in Lakhs

 

 

Rs in lakhs

 

 

 

 

 

 

3 months ended

year ended

Business Segments

30.06.2011 Reviewed

30.06.2010  Reviewed

Audited 31.03.2011

Segment Revenue

 

 

 

Treasury

19565

18311

75151

Corporate /Wholesale Banking

27904

20927

89030

Retail Banking

27299

20308

96322

Other Banking Operations

2121

1784

5757

Total

76889

61330

266260

Segment Results

 

 

 

Treasury

-7788

450

-16581

Corporate /Wholesale Banking

2477

-275

4329

Retail Banking

8883

5042

33445

Other Banking Operations

1700

1472

4600

Total

5272

6689

25793

Unallocable expenses

522

551

2299

Profit before tax

4750

6138

23494

Capital Employed

 

 

 

(a)Treasury Operations

108619

88995

110778

(b)Corporate Banking

80756

57892

75548

(c)Retail Banking

58585

41084

56602

(d) Other Banking Operations

-55

35

-19

Total

247905

188006

242909

Part B - Geographic Segments

 

 

 

There is only one segment i.e. Domestic segment