Iob Financial Report

8/3/2019 Iob Financial Report

1/20

Financial Statements for Indian Overseas Bank

(8789430)

ANNUAL INCOME STATEMENT OF IOB

Currency in

Millions of Indian Rupees

Mar 31

2007

Restated

INR

Mar 31

2008

Restated

INR

Mar 31

2009

Restated

INR

Mar 31

2010

INR

TOTAL REVENUES 27,612.5 31,402.3 38,960.0 34,454.5

Cost of Goods Sold 63.0 73.5 78.6 85.6

GROSS PROFIT 27,549.4 31,328.8 38,881.4 34,368.9

Selling General & Admin

Expenses, Total

12,411.6 13,216.1 17,531.5 22,560.8

EBT, EXCLUDING

UNUSUAL ITEMS

13,734.3 16,549.4 19,543.0 9,789.5

EBT, INCLUDING

UNUSUAL ITEMS

13,734.3 16,549.4 19,543.0 9,789.5

Income Tax Expense 3,650.0 4,526.0 6,285.1 2,719.9

Earnings from ContinuingOperations

10,084.3 12,023.4 13,257.9 7,069.6

NET INCOME 10,084.3 12,023.4 13,257.9 7,069.6

NET INCOME TO

COMMON INCLUDING

EXTRA ITEMS

10,084.3 12,023.4 13,257.9 7,069.6

NET INCOME TO

COMMON EXCLUDING

EXTRA ITEMS

10,084.3 12,023.4 13,257.9 7,069.6

QUARTERLY INCOME STATEMENT OF IOB


2/20

Compared to the same quarter last year, Indian Overseas Bank has seen revenues shrink from

3.7B to 2.7B, though the company was able to grow net income from 1.8B to 2.1B. A reduction

in the percentage of sales devoted to income tax expense from 46.82% to 38.02% was a key

component in the bottom line growth in the face of falling revenues.

AnnualQuarterly

Currency in


Dec 31

2009

Press

Release

INR

Mar 31

2010

INR

Jun 30

2010

Press

Release

INR

Sep 30

2010

Press

Release

INR

TOTAL REVENUES 8,342.8 5,603.8 10,442.9 9,257.1

Cost of Goods Sold -- 85.6 -- --

GROSS PROFIT 8,342.8 5,518.2 10,442.9 9,257.1

Selling General & Admin

Expenses, Total

4,680.9 9,540.2 4,744.7 4,203.4

EBT, EXCLUDING UNUSUAL

ITEMS

1,874.4 -864.2 3,870.7 3,105.3

Other Unusual Items, Total -- 821.7 -821.7 --

Other Unusual Items -- 821.7 -821.7 --

EBT, INCLUDING UNUSUALITEMS 1,874.4 -42.5 3,049.0 3,105.3

Income Tax Expense 857.4 -1,316.9 1,044.6 1,043.8

Earnings from Continuing

Operations

1,017.0 1,274.4 2,004.4 2,061.5

NET INCOME 1,017.0 1,274.4 2,004.4 2,061.5

NET INCOME TO COMMON

INCLUDING EXTRA ITEMS

1,017.0 1,274.4 2,004.4 2,061.5

NET INCOME TO COMMONEXCLUDING EXTRA ITEMS

1,017.0 1,274.4 2,004.4 2,061.5


3/20

BALANCE SHEET OF IOB

Indian Overseas Bank uses little or no debt in its capital structure and may have less financial

risk than the industry aggregate.

AnnualQuarterly

Currency in


Mar 31

2007

Restated

INR

Mar 31

2008

Restated

INR

Mar 31

2009

Restated

INR

Mar 31

2010

INR

Assets

Cash and Equivalents 47,617.9 18,109.5 56,614.3 28,285.2

TOTAL CASH AND SHORT

TERM INVESTMENTS

47,617.9 18,109.5 56,614.3 28,285.2

Prepaid Expenses 5,666.6 -- -- --

Restricted Cash 42,175.1 85,303.7 52,604.7 69,961.2

Other Current Assets 5,666.6 6,176.4 7,612.9 9,624.1

TOTAL CURRENT ASSETS 102,678.2 117,749.7 125,759.4 118,289.2

Gross Property Plant and

Equipment

10,198.6 11,276.8 23,658.1 24,682.0

Accumulated Depreciation -5,092.0 -5,691.1 -6,559.5 -7,686.3

NET PROPERTY PLANT

AND EQUIPMENT

5,106.6 5,585.8 17,098.6 16,995.7

Other Long-Term Assets 4,435.9 6,276.4 6,868.9 9,134.2

TOTAL ASSETS 822,568.3 1,018,377.

2

1,210,734.0 1,310,964.0

LIABILITIES & EQUITY

Accrued Expenses 2,618.1 1,916.3 2,000.7 2,194.2

Current Portion of Long-

Term Debt/Capital Lease

-- -- -- 21,105.8

Other Current Liabilities, 8,697.6 9,156.5 6,926.7 6,656.5


4/20

Total

TOTAL CURRENT

LIABILITIES

698,719.9 854,328.6 1,010,086.2 1,137,903.6

Long-Term Debt 28,962.3 63,536.5 104,945.8 68,716.2

Other Non-Current Liabilities 54,982.4 51,851.6 24,192.3 29,098.3

TOTAL LIABILITIES 782,664.6 969,716.7 1,139,224.4 1,235,718.1

Common Stock 5,448.0 5,448.0 5,448.0 5,448.0

Additional Paid in Capital 1,400.0 1,400.0 1,400.0 1,400.0

Retained Earnings 29,674.2 37,954.5 41,133.9 44,549.5

Comprehensive Income and

Other

3,381.4 3,858.0 23,527.7 23,848.3

TOTAL COMMON EQUITY 39,903.7 48,660.5 71,509.6 75,245.8

TOTAL EQUITY 39,903.7 48,660.5 71,509.6 75,245.8

TOTAL LIABILITIES AND

EQUITY

822,568.3 1,018,377.

2

1,210,734.0 1,310,964.0

Financial Statements for Indian Overseas Bank

(8789430)

AnnualQuarterly

Currency in


Mar 31

2007

Restated

INR

Mar 31

2008

Restated

INR

Mar 31

2009

Restated

INR

Mar 31

2010

INR

NET INCOME 10,084.3 12,023.4 13,257.9 7,069.6

Depreciation & Amortization 611.2 751.0 1,009.4 1,117.6

DEPRECIATION &

AMORTIZATION, TOTAL

611.2 751.0 1,009.4 1,117.6


5/20

Other Operating Activities 7,747.6 10,534.0 14,341.1 15,538.7

Change in Other Working Capital -153,456.3 -158,298.2 -184,080.4 -142,616.1

CASH FROM OPERATIONS -135,013.2 -134,990.0 -155,472.0 -118,890.2

Capital Expenditure -1,728.6 -1,319.4 -2,321.6 -1,530.0

Sale of Property, Plant, and

Equipment

569.4 64.9 1,420.9 209.5

CASH FROM INVESTING -1,159.2 -1,254.5 -900.7 -1,320.5

Long-Term Debt Issued 13,230.0 -- 9,553.0 11,000.0

TOTAL DEBT ISSUED 13,230.0 -- 9,553.0 11,000.0

Long Term Debt Repaid -2,577.4 -1,570.0 -- -1,750.0

TOTAL DEBT REPAID -2,577.4 -1,570.0 -- -1,750.0

Common Dividends Paid -1,615.1 -1,912.2 -2,230.9 -2,868.2

TOTAL DIVIDEND PAID -1,615.1 -1,912.2 -2,230.9 -2,868.2

Other Financing Activities -2,255.4 -2,504.9 -3,046.8 -3,931.9

CASH FROM FINANCING 188,893.0 149,864.6 162,178.4 109,238.1

NET CHANGE IN CASH 52,720.6 13,620.2 5,805.8 -10,972.6

KEY EXECUTIVES - Indian Overseas Bank

(8789430)


6/20

Name Board

Relationships

Title Age

M . Narendra 11 Relationships Chairman and

Managing

Director

--

B . S .

Keshavamurthy

No

Relationships

Chief Financial

Officer and

General

Manager

--

A . K . Bansal 11 Relationships Executive

Director

--

Nupur Mitra 11 Relationships Executive

Director

58

A . P . Singh No

Relationships

General

Manager,

Compliance

Officer and

Company

Secretary

--

View More

8789430 Key

Executives

Board Members - Indian Overseas Bank (8789430)

Name Board

Relationships

Primary

Company

Age

M . Narendra 11 Relationships Indian Overseas

Bank

--

Nupur Mitra 11 Relationships Indian Overseas

Bank

58

A . K . Bansal 11 Relationships Indian Overseas

Bank

--
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7/20

A . Vellayan 67 Relationships The Murugappa

Group

57

Chiranjib Sen 19 Relationships Indian Overseas

Bank

64

View All 8789430 Board Members

EXECUTIVE COMMITTEES* - Indian Overseas Bank

(8789430)

CommitteeName

Chairperson BoardRelationships

Members

There is no

committee data

available.

*Data is at least as current as the most recent Definitive Proxy.

Balance Sheet

(Rs. in Crores)

Standalone

|

Consolidated
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e.com/url?q=http%3A%2F%2Finvesting.businessweek.com%2Fbusinessweek%2Fresearch%2Fstocks%2Fpeople%2Fperson.asp%3FpersonId%3D25451080%26capId%3D8789430%26previousCapId%3D8789430%26previousTitle%3DIndian%2520Overseas%2520Bank&sa=D&sntz=1&usg=AFQjCNEEUq5I99N7tpzO7RgQkUZ_OHOF3Ahttp://www.google.com/url?q=http%3A%2F%2Finvesting.businessweek.com%2Fbusinessweek%2Fresearch%2Fstocks%2Fpeople%2Fperson.asp%3FpersonId%3D25451080%26capId%3D8789430%26previousCapId%3D8789430%26previousTitle%3DIndian%2520Overseas%2520Bank&sa=D&sntz=1&usg=AFQjCNEEUq5I99N7tpzO7RgQkUZ_OHOF3Ahttp://www.google.com/url?q=http%3A%2F%2Finvesting.businessweek.com%2Fbusinessweek%2Fresearch%2Fstocks%2Fpeople%2Fperson.asp%3FpersonId%3D25451080%26capId%3D8789430%26previousCapId%3D8789430%26previousTitle%3DIndian%2520Overseas%2520Bank&sa=D&sntz=1&usg=AFQjCNEEUq5I99N7tpzO7RgQkUZ_OHOF3Ahttp://www.google.com/url?q=http%3A%2F%2Finvesting.businessweek.com%2Fbusinessweek%2Fresearch%2Fstocks%2Fpeople%2Fboard.asp%3Fsymbol%3D8789430&sa=D&sntz=1&usg=AFQjCNH8dg_1TUF-Yj4GvcNhDa0lS-3KEwhttp://www.google.com/url?q=http%3A%2F%2Finvesting.businessweek.com%2Fbusinessweek%2Fresearch%2Fstocks%2Fpeople%2Fboard.asp%3Fsymbol%3D8789430&sa=D&sntz=1&usg=AFQjCNH8dg_1TUF-Yj4GvcNhDa0lS-3KEwhttp://www.google.com/url?q=http%3A%2F%2Finvesting.businessweek.com%2Fbusinessweek%2Fresearch%2Fstocks%2Fpeople%2Fboard.asp%3Fsymbol%3D8789430&sa=D&sntz=1&usg=AFQjCNH8dg_1TUF-Yj4GvcNhDa0lS-3KEwhttp://www.google.com/url?q=http%3A%2F%2Finvesting.businessweek.com%2Fbusinessweek%2Fresearch%2Fstocks%2Fpeople%2Fboard.asp%3Fsymbol%3D8789430&sa=D&sntz=1&usg=AFQjCNH8dg_1TUF-Yj4GvcNhDa0lS-3KEwhttp://www.google.com/url?q=http%3A%2F%2Finvesting.businessweek.com%2Fbusinessweek%2Fresearch%2Fstocks%2Fpeople%2Fboard.asp%3Fsymbol%3D8789430&sa=D&sntz=1&usg=AFQjCNH8dg_1TUF-Yj4GvcNhDa0lS-3KEw


8/20

Particulars Mar-10 Mar-09 Mar-08 Mar-07 Mar-06 Mar-05

SOURCE

S OF

FUNDS :

Capital 544.80 544.80 544.80 544.80 544.80 544.80

Reserves

Total

6,979.78 6,606.16 4,321.25 3,445.57 2,632.64 2,030.39

Deposits 110,794.7

1

100,115.8

9

84,325.58 68,740.41 50,529.31 44,241.24

Borrowing

s

8,982.20 10,494.58 6,353.65 2,896.23 736.63 590.68

Other

Liabilities

&

Provisions

3,794.90 3,311.96 6,292.44 6,629.82 4,914.43 3,407.94

TOTAL

LIABILITIE

S

131,096.3

9

121,073.3

9

101,837.7

2

82,256.83 59,357.81 50,815.05

APPLICAT

ION OFFUNDS :

Cash &

Balances

with RBI

7,666.45 5,940.44 9,124.23 4,686.11 3,077.96 4,175.44

Balances

with Banks

& money

at Call

2,158.19 4,981.46 1,217.09 4,293.19 629.28 778.52

Investments

37,650.56 31,215.44 28,474.71 23,974.47 18,952.28 19,014.72

Advances 79,003.92 74,885.27 60,401.82 47,060.29 34,756.20 25,205.19

Fixed

Assets

1,699.57 1,709.86 558.58 510.66 457.74 452.34


9/20

Other

Assets

2,917.70 2,340.92 2,061.29 1,732.11 1,484.35 1,188.84

Miscellane

ous

Expenditur

e not

written off

0.00 0.00 0.00 0.00 0.00 0.00

TOTAL

ASSETS

131,096.3

9

121,073.3

9

101,837.7

2

82,256.83 59,357.81 50,815.05

Contingent

Liability

39,309.73 38,341.68 31,312.29 22,395.61 14,011.26 13,947.91

Bills for

collection

3,205.15 3,505.07 3,127.00 2,418.35 1,953.48 1,768.84

Cash Flow(Rs. in Crores)

Particulars Mar-10 Mar-09 Mar-08

Cash and Cash

Equivalents at

Begining of the year

10,921.90 10,341.32 8,979.30

Net Cash from

Operating Activities

-1,210.19 243.11 2,086.17

Net Cash Used In

Investing Activities

-132.05 -90.07 -125.44

Net Cash Used In

Financing Activities

244.98 427.54 -598.71

Net Inc/(Dec) In

Cash And Cash

-1,097.26 580.58 1,362.02

Cash And Cash 9,824.64 10,921.90 10,341.32


10/20

Equivalents At End

Of The Year

Company Profile

Indian Overseas Bank (IOB) was founded in February 10th of the year 1937 byShri.M.Ct.M.Chidambaram Chettyar, a pioneer in many fields Banking, Insurance and

Industry with the twin objectives of specialising in foreign exchange business and overseas

banking. IOB had the unique distinction of commencing business in 10th February 1937 (on

the inaugural day itself) in three branches simultaneously - at Karaikudi and Chennai in

India and Rangoon in Burma (presently Myanmar) followed by a branch in Penang. Indian

Overseas Bank has an ISO certified in-house Information Technology department, which

has developed the software that 900 branches use to provide online banking to customers.

At the dawn of Independence IOB had 38 branches in India and 7 branches abroad. The

Products & Services of the bank includes NRI Services, Personal Banking, Forex Services,

Agri Business Consultancy, Credit Cards, Any Branch Banking and ATM Banking. Saga of

the IOB is covered into four categories, such as Pre-nationalisation era (1947- 69), at thetime of Nationalisation (1969), Post - nationalisation era (1969-1992) and Post-Reform

Period - Unprecedented developments (1992 & after). In Pre-nationalisation era (1947- 69),

IOB expanded its domestic activities and enlarged its international banking operations. As

early as in 1957, the Bank established a training centre, which has now grown into a Staff

College at Chennai with 9 training centres all over the country.IOB was the first Bank to

venture into consumer credit. It introduced the popular Personal Loan scheme during this

period. In 1964, the Bank made a beginning in computerisation in the areas of inter-branch

reconciliation and provident fund accounts. In 1968, IOB established a full-fledged

department to cater exclusively to the needs of the Agriculture sector. At the time of

Nationalisation (1969), IOB was one of the 14 major banks that was nationalised in 1969.On the eve of Nationalisation in 1969, IOB had 195 branches in India with aggregate

deposits of Rs. 67.70 Crs. and Advances of Rs. 44.90 Crs. In Post - nationalisation era

(1969-1992), during the year 1973, IOB had to wind up its five Malaysian branches as the

Banking law in Malaysia prohibited operation of foreign Government owned banks. This led

to creation of United Asian Bank Berhad in which IOB had 16.67% of the paid up capital. In

the same year Bharat Overseas Bank Ltd was created in India with 30% equity participation


11/20

from IOB to take over IOB's branch at Bangkok in Thailand. In 1977, IOB opened its branch

in Seoul and the Bank opened a Foreign Currency Banking Unit in the free trade zone in

Colombo in 1979. The Bank sponsored 3 Regional Rural Banks viz. Puri Gramya Bank,

Pandyan Grama Bank and Dhenkanal Gramya Bank. The Bank had setup a separate

Computer Policy and Planning Department (CPPD) to implement the programme ofcomputerisation, to develop software packages on its own and to impart training to staff

members in this field. In the year 1988, IOB acquired Bank of Tamil Nadu in a rescue. In

Post-Reform Period - Unprecedented developments (1992 & after), IOB formulated its Web

site during the month of February in 1997. The Bank got autonomous status during the year

1997-98. IOB had the distinction of being the first Bank in Banking Industry to obtain ISO

9001 Certification for its Computer Policy and Planning Department from Det Norske

Veritas (DNV), Netherlands in September 1999. IOB started its STAR services in December

of the year 1999 for speedy realisation of outstation cheques. Now the Banks has 14

STARS centres and one Controlling Centre for providing this service and in the same year

started tapping the potential of Internet by enabling ABB cardholders in Delhi to pay their

telephone bills by just logging on to MTNL web site and by authorising the Bank to debittowards the telephone bills. The Bank made a successful debut in raising capital from the

public during the financial year 2000-01, despite a subdued capital market. IOB bagged the

NABARD's award for credit linking the highest number of Self Help Groups for 2000-2001

among the Banks in Tamil Nadu. Mobile banking under SMS technology was implemented

in Ahmedabad and Baroda. Pilot run of Phase I of the Internet Banking commenced

covering 34 branches in 5 Metropolitan centres. IOB was one among the first to join

Reserve Bank of India's negotiated dealing system for security dialing online. The Bank has

finalised an e-commerce strategy and has developed the necessary Internet banking

modules in-house. For the first time a Total Branch Automation package developed in-

house has been customised in one of the Overseas Branches of the Bank. Most softwaredeveloped in-house. During the year 2002-03, a new credit scheme Shubh Yatra' was

introduced to provide loans to those who undertake foreign travel for tourism, employment

and medical treatment. During the year 2004, the Government OF India selected IOB for

channelising government credit to other countries, which runs into billions of dollars. And

also in the same year the bank made tie up with Times Online Money to launch an Internet-

based remittance product, e-Cash Home, targeted at NRIs in the US wishing to transfer

money to India. IOB made pact with Chola for MF products. During the year 2005, the bank

joined hands with Visa to offer debit cards to its esteemed customers. In the year 2006, IOB

inked MoU with CRI Pumps. In September 2006, Indian Overseas Bank (IOB) has finally

taken control of Bharat Overseas Bank (BhOB), an unlisted private bank. This is the first

instance of a public sector bank taking over a strong private sector bank without resorting tothe moratorium route. During May of the year 2007, Indian rating agency ICRA assigned an

'A1+' rating to the proposed 20 bln rupee certificates of deposit programme of Indian

Overseas Bank, citing the bank's consistent and measured growth, the improvement in its

asset quality through effective monitoring and collection systems, and improving core

profitability. During June of the year 2008, IOB launched two new products namely IOB

Gold' and IOB Silver' in savings account and IOB Classic' and IOB Super' under current


12/20

account. IOB have a network of more than one thousand eight hundred branches all over

India located in various metropolitan cities, urban, suburban and rural areas. IOB plans to

set up banking operations in Malaysia in a joint venture with two other India-based banks

Bank of Baroda and Andhra Bank with a minimum capital investment of RM320 million

(US$100 million).

Key Executives

Chairman & Managing Director M Narendra

Executive Director Nupur Mitra

Director (Officer Employee) K Ananda Kumar

Director(PartTime NonOfficial) B V Appa Rao

Board Of Directors

Chairman & Managing Director M Narendra

Executive Director Nupur Mitra

Director (Officer Employee) K Ananda Kumar

Director(PartTime NonOfficial) B V Appa Rao

Sooraj Khatri

Director(Shareholders) Ashok Kumar Bhargava

A Vellayan

Nominee (Govt) Vinita Kumar

Director(Shareholders) Chiranjib Sen

Nominee S V Raghavan

Director (Workmen Employee) Sridhar Lal Lakhotia


13/20

Executive Director A K Bansal

Company Secretary A P Singh

Profit & Loss(Rs. in Crores)

Standalone

|

Consolidated

Particulars Mar-10 Mar-09 Mar-08 Mar-07 Mar-06 Mar-05

INCOME :

Interest

Earned

10,245.77 9,641.40 7,738.77 5,832.07 4,406.28 3,951.05

Other

Income

1,316.61 1,713.07 1,075.46 892.95 728.21 799.55

Total I 11,562.38 11,354.47 8,814.23 6,725.02 5,134.49 4,750.60

II.

Expenditur

e

Interest

expended

7,077.91 6,771.81 5,288.79 3,271.27 2,339.10 2,095.53

Payments

to/Provisio

ns forEmployee

s

1,734.75 1,271.84 949.68 931.07 893.57 843.46

Operating

Expenses

&

418.14 388.23 304.19 255.28 198.35 158.38


14/20

Administra

tive

Expenses

Depreciati

on

111.76 100.94 75.10 61.12 55.34 46.74

Other

Expenses,

Provisions

&

Contingen

cies

1,240.87 867.35 541.53 832.85 662.51 634.67

Provision

for Tax

45.94 698.20 509.19 274.48 197.65 335.63

Fringe

Benefit tax

0.00 12.94 24.00 10.00 5.55 0.00

Deferred

Tax

226.05 -82.63 -80.59 80.52 -0.92 -15.17

Total II 10,855.42 10,028.68 7,611.89 5,716.59 4,351.15 4,099.24

III. Profit &

Loss

ReportedNet Profit 706.96 1,325.79 1,202.34 1,008.43 783.34 651.36

Extraordin

ary Items

-58.18 44.03 1.09 1.77 34.79 3.65

Adjusted

Net Profit

765.14 1,281.76 1,201.25 1,006.66 748.55 647.71

Prior Year

Adjustmen

ts

0.00 0.00 0.00 0.00 0.00 0.00

Profit

brought

forward

0.00 0.00 0.00 0.00 0.00 0.00

IV.

Appropriati


15/20

ons

Transfer to

Statutory

Reserve

212.10 398.00 361.00 303.00 235.00 195.41

Transfer to

Other

Reserves

271.77 640.97 637.38 514.21 386.83 307.59

Trans. to

Governme

nt

/Proposed

Dividend

223.09 286.82 203.96 191.22 161.51 148.36

Balancecarried

forward to

Balance

Sheet

0.00 0.00 0.00 0.00 0.00 0.00

Equity

Dividend

%

35.00 45.00 35.00 30.00 26.00 24.00

Earnings

Per Share-

Unit Curr

12.38 23.57 21.83 18.00 14.01 11.63

Earnings

Per

Share(Adj)

-Unit Curr

12.38 23.57 21.83 18.00 14.01 11.63

Book

Value-Unit

Curr

116.54 109.06 87.23 71.08 56.08 44.67

Quarterly Results

View Past Quarterly Results

Standalone

|
http://www.google.com/url?q=http%3A%2F%2Fwww.indiainfoline.com%2FMarkets%2FCompany%2FFundamentals%2FOlder-Quarterly-result%2FIndian-Overseas-Bank%2F532388&sa=D&sntz=1&usg=AFQjCNHGSoCJQ1tMy2ejkZD3bYg6rytH4whttp://www.google.com/url?q=http%3A%2F%2Fwww.indiainfoline.com%2FMarkets%2FCompany%2FFundamentals%2FOlder-Quarterly-result%2FIndian-Overseas-Bank%2F532388&sa=D&sntz=1&usg=AFQjCNHGSoCJQ1tMy2ejkZD3bYg6rytH4whttp://www.google.com/url?q=http%3A%2F%2Fwww.indiainfoline.com%2FMarkets%2FCompany%2FFundamentals%2FOlder-Quarterly-result%2FIndian-Overseas-Bank%2F532388&sa=D&sntz=1&usg=AFQjCNHGSoCJQ1tMy2ejkZD3bYg6rytH4whttp://www.google.com/url?q=http%3A%2F%2Fwww.indiainfoline.com%2FMarkets%2FCompany%2FFundamentals%2FOlder-Quarterly-result%2FIndian-Overseas-Bank%2F532388&sa=D&sntz=1&usg=AFQjCNHGSoCJQ1tMy2ejkZD3bYg6rytH4whttp://www.google.com/url?q=http%3A%2F%2Fwww.indiainfoline.com%2FMarkets%2FCompany%2FFundamentals%2FOlder-Quarterly-result%2FIndian-Overseas-Bank%2F532388&sa=D&sntz=1&usg=AFQjCNHGSoCJQ1tMy2ejkZD3bYg6rytH4w


16/20

Consolidated

Particulars Sep-10

(Rs.Cr)

Jun-10

(Rs.Cr)

Mar-10

(Rs.Cr)

Interest Earned 2,800 2,668 2,548

Operating Expenses 2,459 2,501 2,374

Operating Profit

Before Prov. & Cont.

616 382 456

Provisions &

Contingencies

305 77 460

Depreciation 0 0 0

Provision for Taxes 104 104 -132

Deferred Tax 0 0 0

Net Profit 206 200 127

Extra-ordinary Items 0 -54 0

Adjusted Profit After

Extra-ordinary item

206 254 127

EPS (Unit Curr.) 4 4 2

EPS (Adj) (Unit

Curr.)

4 4 2

Calculated EPS (Unit

Curr.)

4 4 2

Calculated EPS (Adj)

(Unit Curr.)

3.8 3.7 2.3

Calculated EPS

(Ann.) (Unit Curr.)

15.1 14.7 9.4

Calculated EPS (Adj)

(Ann.) (Unit Curr.)

15.1 14.7 9.4


17/20

Book Value (Unit

Curr.)

0.0 117.1 0.0

Dividend (%) 0.0 0.0 0.0

Equity 544.8 544.8 544.8

Reserve & Surplus 5,804.2 5,804.2 5,804.2

Face Value 10.0 10.0 10.0

Non-Promoter

Holding Shares

211,200,000 211,200,000 211,200,000

Non-Promoter

Holding (%)

38.8 38.8 38.8

(%) of shares held by

GOI

61.2 61.2 61.2

PBIDTM(%) 77 77 68

PBDTM(%) 11.09 11.43 -0.17

PATM(%) 7.36 7.51 5.00

Capital Adequacy

Ratio

12.55 13.64 14.26

Tier I Capital 7.34 7.94 8.36

Tier II Capital 5.21 5.70 5.90

Gross Non

Performing Assets

3,326.38 3,570.88 3,611.08

Net Non Performing

Assets

1,764.89 1,794.41 1,994.97

(%) Gross Non

Performing Assets

3.78 4.30 4.47


18/20

(%) Net Non

Performing Assets

2.04 2.21 2.52

Return on

Assets(Annualised)

0.58 0.58 0.53

Indian Overseas Bank Detailed Annual

Results (1999 - 2010)

Standalone

|

Consolidated


19/20

Part

icul

ars

Mar

-10

(Rs.

Cr)

Mar

-09

(Rs.

Cr)

Mar

-08

(Rs.

Cr)

Mar

-07

(Rs.

Cr)

Mar

-06

(Rs.

Cr)

Mar

-05

(Rs.

Cr)

Mar

-04

(Rs.

Cr)

Mar

-03

(Rs.

Cr)

Mar

-02

(Rs.

Cr)

Mar

-01

(Rs.

Cr)

Mar

-00

(Rs.

Cr)

Mar-

99

(Rs.

Cr)

Inter

est

Earn

ed

10,2

46

9,64

1

7,73

9

5,83

2

4,40

6

3,95

1

3,75

4

3,48

6

3,17

1

2,79

3

2,50

5

2,29

9

Ope

ratin

g

Exp

ens

es

9,62

7

8,71

4

6,77

4

4,65

9

3,60

1

3,25

4

3,17

0

3,21

2

3,08

5

2,78

9

2,58

3

1,73

3

Ope

ratin

g

Profi

t

Befo

re

Prov

. &

Cont

.

1,76

2

2,52

4

2,00

2

1,56

0

1,34

7

1,49

7

1,32

5

794 616 307 188 817

Prov

ision

s &

Cont

inge

ncie

s

783 569 347 187 361 525 533 359 331 184 123 737

Depreci

atio

n

0 0 0 0 0 0 0 0 0 0 0 24

Prov

ision

for

Tax

272 629 453 284 202 320 279 19 19 7 25 0


20/20

Documents

Iob Financial Report