Press Release

September 11

BALANCE SHEET AS AT SEPTEMBER 30, 2011
	Rs in Crores
As at	30- Sep -11	30-Sep -10
FUNDS EMPLOYED

SHAREHOLDERS FUNDS
Share Capital	294.44	292.02
Reserves and Surplus	18,397.08	16,888.66
	18,691.52	17,180.68

LOAN FUNDS

Term Loans	32,324.25	35,004.30
Bonds, Debentures, FCCB and Commercial Paper	61,050.45	47,289.65
Deposits	31,728.02	26,881.03
	125,102.72	109,174.98
	143,794.24	126,355.66

APPLICATION OF FUNDS
LOANS*
Individuals	80,268.00	68,263.49
Corporate Bodies	45,144.19	36,522.61
Others	1,580.21	1,501.37
	126,992.40	106,287.47

INVESTMENTS	14,980.35	17,558.99

DEFERRED TAX ASSET	580.45	311.00

CURRENT ASSETS, LOANS AND ADVANCES	7,820.77	6,642.44
Less : CURRENT LIABILITIES AND PROVISIONS	6,814.36	4,667.06
	1,006.41	1,975.38

FIXED ASSETS	234.63	222.82
	143,794.24	126,355.66


	30-Sep-11	30-Sep-10
* Excludes Loans off-balance sheet - margin retained over the life of the loan	13,169	10,294

Loans sold during the last 12 months	4,989	4,858

1 Crore = 10 Million

PROFIT AND LOSS ACCOUNT FOR THE HALF YEAR ENDED SEPTEMBER 30, 2011
	Rs in crores
	2011-12	2010-11
INCOME
Income from Operations	7,877.72	5,703.68
Interest and Other Charges	5,205.44	3,437.14
NET INTEREST INCOME	2,672.28	2,266.54

Add:
Profit on Sale of Investments	103.14	58.95
Other Income	9.88	9.54
	113.02	68.49
Less: Non Interest Expenses
Staff Expenses	105.34	92.11
Establishment Expenses	28.35	25.83
Other Expenses	94.09	78.54
Depreciation	9.29	8.42
Provision for Contingencies	35.00	30.00
	272.07	234.90

Profit Before Tax	2,513.23	2,100.13
Less : Provision for Tax	698.00	598.00
PROFIT AFTER TAX	1,815.23	1,502.13
1 Crore = 10 Million

HIGHLIGHTS - SEPTEMBER 30, 2011
	Rs in crores
	2011-12	2010-11

Book Value per Share (Rs)	127	118
Adjusted Book Value - adjusted for unrealised gains on investments (Rs)	272	277

Earnings per Share - Basic (Rs)#	12.35	10.33
Earnings per Share - Diluted(Rs)#	12.14	10.16

Capital adequacy ratio	13.8%	14.1%
of which Tier I	11.7%	13.0%
of which Tier II	2.1%	1.1%

Spread on Loans	2.29%	2.34%

Net Interest Margin	4.3%	4.3%

Non performing loans (90 days overdue)	0.82%	0.86%
Non performing loans (six months past due)	0.53%	0.53%
Provision for contingencies	1,524.65	726.62
1 Crore = 10 Million
# pertains to the half year
Note: The face value of the equity shares of the Corporation was sub-divided to Rs. 2 per equity share from Rs. 10 per equity share w.e.f. August 21, 2010. Previous year figures have been adjusted to reflect the revised face value.

SCHEDULE - SEPTEMBER 30, 2011
	Rs in Crores
	2011-12	2010-11
INCOME FROM OPERATIONS
Interest on Loans	6,999.16	5,129.29
Other Interest	368.07	224.57
Surplus from Deployment in Cash Management Schemes of Mutual Funds	176.56	103.10
Dividend Income	195.13	140.90
Fees and Other Charges	136.25	91.49
Other Operating Income	2.55	14.33
	7,877.72	5,703.68

INTEREST AND OTHER CHARGES

INTEREST
Loans	1,662.22	1,011.77
Deposits	1,319.91	980.50
Bonds and Debentures	2,195.20	1,413.39
	5,177.33	3,405.66
OTHER CHARGES	28.11	31.48
	5,205.44	3,437.14

INVESTMENTS

Equity Shares - Subsidiaries & Associate Companies	7,990.61	7,780.55
Equity Shares - Other Companies	965.52	841.36
Convertible Preference Shares	108.44	71.32
Preference Shares	5.99	5.99
Convertible Debentures	2.00	27.00
Debentures and Bonds	305.62	197.65
Pass Through Certificates and Security Receipts	-	274.28
Properties	81.11	84.76
Government Securities	158.68	161.89
Commercial Paper	1,417.20	1,198.53
Liquid Funds	3,261.94	6,129.00
Mutual Funds and Other Funds	763.66	846.43
	15,060.77	17,618.76
Less Provision for Diminution in Value of Investments	80.42	59.77
	14,980.35	17,558.99

Unrealised gains on listed investments including HDFC Investments Limited	21,334.58	23,213.44

1 Crore = 10 Million