DENA BANKWELCOMES YOU

ATANALYST MEET

31ST OCTOBER 2011Un - Audited [Reviewed] Quarterly/ Half Yearly

Financial Results For September 30, 2011

KEY INDICATORS

[` cr]

QuarterGrowth

(%)

Half Year

Growth (%)Sept

10Sept 11Sept

10Sept

11

Net Profit160.6

3193.58 20.51 299.42

361.67

20.79

Operating Profit

325.64

352.01 8.10 564.23659.7

516.93

Total Income1340.

381747.1

930.35

2562.15

3399.72

32.69

Total Expenses

1014.74

1395.18

37.491997.9

22739.

9737.14

Provision & Contingencies

165.01

158.43 -3.99 264.81298.0

812.56

NET INTEREST INCOME

[` cr]

Full Year

QuarterGrowt

h (%)

Half Year

Growth

(%)Sept 10

Sept 11March

11Sept 10

Sept 11

Interest Income

5033.53

1221.47

1633.82

33.762336.

143162.

0035.35

Advances3820.4

3913.2

11225.

8734.24

1748.97

2403.01

37.40

Investment

1192.73

303.43

396.60

30.71579.1

5742.7

828.25

Inter Bank

16.27 4.82 11.34135.2

78.01 16.20 102.25

Others 4.10 0.01 0.01 0.00 0.01 0.01 0.00

Interest Expense

3270.16

756.20

1118.93

47.971510.

392200.

5645.69

Deposits3117.3

7719.8

91082.

7650.41

1438.19

2128.32

47.99

Others 152.79 36.31 36.17 -0.38 72.20 72.24 0.05

Net Interest income [NII]

1763.37

465.27

514.89

10.66825.7

5961.4

416.43

NET INTEREST INCOME

[` cr]

Full Year

Quarter Half Year

March 11

Sept 10 Sept 11 Sept 10 Sept 11

Net Interest Income

1763.37

465.27 514.89 825.75 961.44

NET INTEREST MARGIN

[%]

Full Year

Quarter Half Year

March 11

Sept 10 Sept 11 Sept 10 Sept 11

Net Interest Margin

3.17% 3.52% 3.22% 3.17% 3.06%

NON INTERST INCOME

[` cr]

Full Year

QuarterGrowt

h (%)

Half Year

Growth

(%)Sept 10

Sept 11March

11Sept 10

Sept 11

Fee Based Income Core

375.25 91.86 96.57 5.13

171.20

209.32

22.27

Profit from Sale of Securities

24.02 (0.10) 3.98 9.74 5.36 -44.97

Recovery in Written off Advances

134.57 27.15 12.82 -52.78 45.07 23.04 -48.98

Total Non Interest Income

533.84

118.91

113.37

-4.66226.0

1237.7

25.18

PROVISIONS & CONTINGENCIES

[` cr]Full Year Quarter Half Year

March 11 Sept 10 Sept 11 Sept 10 Sept 11

Provisions for NPA

281.25 65.09 65.02 110.03 87.25

Tax Expense 286.96 92.16 77.10 149.14 151.26

Investment Depreciation

47.61 12.55 11.11 8.65 47.92

Standard Assets

11.07 (4.80) 3.09 1.38 (1.03)

FITL (4.78) (0.30) 1.97 (0.54) 2.24

NPV of Restructured Accounts

(8.82) 0.00 0.00 0.00 0.00

ADWDRS 2008 (4.07) 0.24 0.00 (4.07) 0.00

Other Provisions

2.93 0.07 0.14 0.22 10.43

Total Provisions 612.16 165.01 158.43 264.81 298.07

RESOURCES/ DEPLOYMENT

[` cr] 31.03.201130.09.201

030.09.20

11Growth

%

CASA Deposits 22743.31 20926.76 22879.03 9.33

Term Deposits 39261.60 31017.89 39602.11 27.68

Aggregate Deposits

62004.91 51944.65 62481.14 20.28

CASA [%] 35.42 39.12 35.62

Inter Bank Deposits

2204.71 1553.33 1754.53 12.95

TOTAL DEPOSITS 64209.62 53497.98 64235.67 20.07

Gross Advances 45,163 36,541 43,100 17.95

RESOURCES

13,000

15,000

17,000

19,000

21,000

23,000

Sep 09 Sep 10 Sep 11

16,113

20,927

22,879

40,000

45,000

50,000

55,000

60,000

65,000

70,000

Sep 09 Sep 10 Sep 11

45,251

53,498

64,236

Bank has witnessed CAGR of 19.16% in CASA Deposits over last two years.

Bank has witnessed CAGR of 19.14% in Total Deposits over last two years.

ADVANCES

[` cr] 2010-11 Sept 10 Sept 11

Gross Advances

[Growth %]

45163

[26.43]

36541

[21.07]

43,100

[17.95]

MSME

[Growth %]

6784

[20.13]

5447

[5.71]

6,365

[16.85]

Retail

[Growth %]

6136

[14.05]

5,546

[17.95]

6,571

[18.48]

CD Ratio [%] 70.34 68.30 67.10

TREASURY

[` cr]March

11Sept 10 Sept 11

Growth over Sept

10 (%)

SLR Investments 15304.91

14796.26

16770.16 13.34

Non-SLR Investments 3555.31 2382.21 4936.64 107.23

Total Investments 18860.22

17178.47

21706.80 26.36

Of which HFT 562.51

(2.98%)360.23

[2.10%]490.35

[2.26%]36.12

AFS 2598.96

(13.78%)

1918.47[11.17%

]

4389.77 [20.22%]

128.82

HTM 15698.75

(83.24%)

14899.37

[86.73%]

16826.68

[77.52%]

12.94

AFS / HFT Duration [Modified]

2.42 3.86 3.20 -17.10

Portfolio Duration [Modified]

4.45 5.08 4.41 -13.19

BUSINESS MIX

[` cr] Sept 09 Sept 10 Sept 11

Business Mix per Employee

7.14 8.74 10.89

Business Mix per Branch

68.76 77.62 89.37

6

8

10

12

Sep'09 Sep'10 Sep'11

7.14

8.74

10.89

Business Mix / Employee

60

70

80

90

Sep'09 Sep'10 Sep'11

68.76

77.62

89.37

Business Mix / Branch

ASSET QUALITY

[` cr]31.03.20

1130.09.20

1030.09.2

011

Gross NPA 842.24 825.65 830.49

Net NPA 548.95 537.79 491.01

Gross NPA Ratio [%] 1.86 2.26 1.93

Net NPA Ratio [%] 1.22 1.49 1.15

NPA Provision 290.16 281.85 337.63

Provision Coverage Ratio [PCR] [Incl Technical Write Off]

74.62 75.36 77.14

ASSET QUALITY

[` cr]Full Year Quarter Half Year

March 11

Sept 10 Sept 11 Sept 10 Sept 11

Gross NPA

Opening Balance 641.99 801.05 797.24 641.99 842.24

Less:

Cash recoveries 191.05 52.80 42.66 89.69 124.42

Up gradations 171.12 49.42 16.61 75.86 127.80

Write off 196.27 15.79 63.57 33.35 63.89

Total Reductions 558.44 118.01 122.84 198.90 316.11

Add:

Slippage & Debit Operations

758.69 142.61 156.09 382.56 304.36

Closing Balance 842.24 825.65 830.49 825.65 830.49

Recovery in w/o A/c

134.57 27.15 12.82 45.07 23.04

ASSETS QUALITY

[` cr]Full Year Half Year

March 11 Sept 10 Sept 11

Gross NPA 842.24 825.65 830.49

CAPITAL ADEQUACY

[` cr] 31.03.201130.06.20

1130.09.20

1030.09.20

11

Tier I capital 3605.57 3,602.85 2484.54 3614.82

Tier II capital 1343.84 1,266.36 1311.28 1268.10

Total capital funds 4949.41 4,869.21 3795.82 4882.92

Total RWAs 36908.4337,051.6

530876.0

338894.0

3

CRAR – Basel II 13.41 13.14 12.29 12.55

CRAR Core – Basel II

9.77 9.72 8.04 9.29

CRAR – Basel I 11.04 11.38 10.31 10.62

FINANCIAL RATIOS

[` cr]

Full Year

Quarter Half Year

March 11

Sept 10Sept

11Sept 10 Sept 11

Cost of Deposits [%] 5.76 5.54 6.97 5.61 6.84

Yield on Advances [%]

10.24 10.32 11.96 10.00 11.64

Cost to Income [%] 46.73 44.26 43.97 46.35 44.98

Return on Assets [%][annualised]

1.00 1.09 1.11 1.03 1.04

Return on Equity [%]Annualised]

22.98 24.59 21.30 23.55 21.56

Earning Per Share `[non – annualised]*

21.26 5.60 5.81 10.44 10.85

Book Value `[Incl Revaluation Reserve]

123.85 95.76 117.82 95.76 117.82

SHARE HOLDING PATTERN

Govt. of India

58.01%

Mutual Funds1.46%FI &

Banks0.19%

Ins Cos6.31%

FIIs13.06%

Indian Public15.93%

Corp. Bodies4.60%

NRIs & OCBs0.43%

• Share Capital ` 333.39 cr

• No. of Shares 33.34 cr

• Net worth ` 3737.34 cr

• B. V. per share ` 117.82

•Return on Equity 21.56%(annualised)• DENA is a Part of BSE 500,

BSE Midcap, BSE Sectoral [PSU] indices, United Stock Exchange

• Listed on BSE and NSE & in ‘Future and Options’ segment also.

DISTRIBUTION CHANNEL

[` cr]March

11June 11

Sept 11

Branches 1291 1297 1298

Ext. Counters

12 12 12

ATM 496 507 520

Bank is planning to open 100 new Branches in Current Financial Year. Besides this, Bank is also planning to open 58 branches especially for Financial Inclusion Plan. Bank is planning to reach the figure of 757

ATMs by March 2012.

STRATEGIES

SKILL BUILDING : FOR CUSTOMER SATISFACTION & ENHANCED PRODUCTIVITY

Bank has been imparting training to employees as an ongoing process for development and improvement of their knowledge, skill, business confidence. It also keeps them abreast of the latest trends in Banking Industry. These Training programmes are conducted in house and also through other reputed institutes like NIBM, CAB, BTC, ASCI, MDI, JNIDB etc.

Recruitment of fresh talent – Bank has completed the recruitment process of 564 officers (including campus recruitment) in the area of Credit, Agriculture & Forex and also POs. The recruitment of 600 clerks is in process and is expected to complete shortly.

Customer centric grooming of frontline staff. Along with intensive two months’ training programme on credit to create an effective cadre of credit officer, Bank is also re-orienting the frontline staff for better customer service through an in-house programme namely S.M.I.L.E. (Smart, Motivated Intelligent for Leveraging the Emerging Market).

STRATEGIES

Bank has posted FOUR additional Operational General

Managers in each Metro Centre for Business Development

and to reduce the Response Time on Credit Decisions at

Field level.

Bank is planning to open 100 new branches during the

current financial year for which necessary RBI/Board

approval is in place. Besides this, Bank is also planning to

open additional 58 branches for effective implementation

and monitoring of entire financial inclusion exercise.

Bank is on the path of transformation through effective

use of technology. Bank has already achieved 100% CBS,

while constitution of centralized back office function has

relieved frontline staff for business development.

STRATEGIES

Bank has identified Agriculture, MSME and Retail as

thrust areas for lending. To have a focused attention on

these areas of lending, Bank has given exclusive charge of

MSME and Retail to One General Manager and Priority

Sector to another General Manager.

Through ATM sharing agreement, Bank has enabled itself

with more than 70,000 access points. Bank has already

opened 507 ATMs of its own and targeting to take the total

number of ATMs to 757 by March 2012.

Bank will continue to make intense effort for increasing

the CASA Deposits through targeting high value customers

and by increasing the clientele base by 20%.

March 11 Sept 10 Sept 11

Food Processing 298.36 319.63 314.37

Textiles 1207.29 979.77 1311.84

Chemicals and Chemical Products

1126.30 1046.70 1168.04

Basic Metal & Metal Products

1964.07 1757.42 2297.26

All Engineering 906.49 876.12 1045.54

Gems & Jewellery 621.43 580.68 619.87

Construction 106.02 97.33 107.18

Infrastructure 11434.89 9072.04 10196.93

Power 8986.34 6375.48 8399.67

Tele communication 993.58 1166.21 416.37

Roads & Ports 626.84 578.19 621.18

Other Infra 828.13 952.16 759.71