Press Release

December 11

BALANCE SHEET AS AT December 31, 2011
	Rs in Crores
As at	31-Dec-11	31-Dec-10
FUNDS EMPLOYED

SHAREHOLDERS' FUNDS
Share Capital	294.83	292.87
Reserves and Surplus	19,230.52	17,516.44
	19,525.35	17,809.31

LOAN FUNDS

Term Loans	24,982.93	37,519.12
Bonds, Debentures, FCCB and Commercial Paper	67,368.10	44,390.55
Deposits	34,745.12	25,908.74
	127,096.15	107,818.41
	146,621.50	125,627.72

APPLICATION OF FUNDS
LOANS*
Individuals	84,299.88	70,471.35
Corporate Bodies	46,160.87	37,009.78
Others	1,747.15	1,570.08
	132,207.90	109,051.21

INVESTMENTS	13,445.05	14,150.69

DEFERRED TAX ASSET	6 00.05	436.93

CURRENT ASSETS, LOANS AND ADVANCES	7,981.60	6,756.25
Less : CURRENT LIABILITIES AND PROVISIONS	7,848.63	5,000.28
	132.97	1,755.97

FIXED ASSETS	235.53	232.92
	146,621.50	1 25,627.72
1 Crore = 10 Million

	31-Dec-11	31-Dec-10
* Excludes loans securitised - on which spread is earned over the life of the loan	13,484	11,631

Loans sold during the last 12 months	4,221	5,387

PROFIT AND LOSS ACCOUNT FOR THE PERIOD ENDED DECEMBER 31, 2011
	Rs in crores
	2011-12	2010-11

Income from Operations	12,257.06	8,852.63
Interest and Other Charges	8,217.85	5,429.98
NET INTEREST INCOME	4,039.21	3,422.65

Add: Other Income	15.06	14.41

Less Non Interest Expenses
Staff Expenses	156.14	137.16
Establishment Expenses	41.60	37.25
Other Expenses	136.51	116.84
Depreciation and Amortisation	14.67	13.97
Provision for Contingencies	55.00	45.00
	403.92	350.22

PROFIT BEFORE SALE OF INVESTMENTS AND TAX	3,650.35	3,086.84
Add:Profit on Sale of Investments	191.13	226.17
PROFIT BEFORE TAX	3 ,841.48	3,313.01
Less: Provision for Tax (net of Deferred Tax)	1,045.00	920.00
PROFIT AFTER TAX	2,796.48	2,796.48

1 Crore = 10 Million

HIGHLIGHTS
	Rs in crores
	2011-12	2010-11
Book Value per Share (Rs)	132	122
Adjusted Book Value per share (adjusted for unrealised
gains on listed investments)	262	270

Earnings Per Share (Rs)#
Basic	19.00	16.42
Diluted	18.70	16.07

Capital adequacy ratio	13.9%	14.1%
of which Tier I	11.9%	13.0%
Tier II	2.0%	1.1%

Spread on Loans	2.27%	2.33%

Net Interest Margin	4.3%	4.4%

Non performing loans (90 days overdue)	0.82%	0.85%
Non performing loans (six months overdue)	0.53%	0.54%
Provision for Contingencies	1 ,583.85	1 ,093.15

1 Crore = 10 Million

# Pertains to nine months


	Rs in Crores
	2011-12	2010-11
INCOME FROM OPERATIONS
Interest on Loans	10,893.87	7,968.27
Other Interest	641.48	406.08
Surplus from Deployment in Cash Management Schemes of Mutual Funds	257.21	149.30
Dividend Income	248.15	167.75
Fees and Other Charges	208.36	141.81
Other Operating Income	7 .99	19.42
	12,257.06	8,852.63

INTEREST AND OTHER CHARGES

INTEREST
Loans	2,414.18	1,644.11
Deposits	2,114.28	1,523.64
Bonds and Debentures	3,642.03	2,214.55
	8,170.49	5,382.30

OTHER CHARGES	47.36	47.68
	8,217.85	5,429.98

INVESTMENTS

Equity Shares - Subsidiaries & Associate Companies	7,990.62	7,817.54
Equity Shares - Other Companies	932.78	880.58
Convertible Preference Shares	50.50	63.15
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	81.25	83.40
Properties	158.60	160.23
Government Securities	1,599.74	1,227.92
Liquid Funds	1,622.52	2,769.53
Mutual Funds and Other Funds	782.10	976.78
	13,531.72	14,209.77
Less: Provision for Diminution in Value of Investments	86.67	59.08
	13,445.05	14,150.69

Unrealised gains on listed investments including HDFC Investments Limited	1 9,138.67	2 1,698.82

1 Crore = 10 Million