Press Release

March 11

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

SHAREHOLDERS' FUNDS
Share Capital	293.38	287.11
Reserves and Surplus	17,023.14	14,910.55
	17,316.52	15,197.66

LOAN FUNDS

Term Loans	42,489.83	32,136.90
Bonds, Debentures, FCCB and Commercial Paper	48,295.55	41,347.27
Deposits	24,625.10	23,081.14
	115,410.48	96,565.31
	132,727.00	111,762.97

APPLICATION OF FUNDS
LOANS*
Individuals	73,649.27	61,304.54
Corporate Bodies	42,140.72	35,118.70
Others	1 ,336.63	1,543.75
	117,126.62	97,966.99

INVESTMENTS	11,832.40	10,727.46

DEFERRED TAX ASSET	448.13	285.73

CURRENT ASSETS, LOANS AND ADVANCES	9,861.02	7,363.64
Less : CURRENT LIABILITIES AND PROVISIONS	6,775.12	4,802.96
	3,085.90	2,560.68

FIXED ASSETS	233.95	222.11
	132,727.00	111,762.97


	31-Mar-11	31-Mar-10
* Excludes loans securitised - on which spread is earned over the life of the loan	12,147	10,301

Loans sold during the last 12 months	4,379	5,755

1 Crore = 10 Million

PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED MARCH 31, 2011
	Rs in crores
	2010-11	2009-10

Income from Operations	12,493.19	11,128.88
Interest and Other Charges	7,559.94	7,063.08
NET INTEREST INCOME	4,933.25	4,065.80
Add
Profit on Sale of investments	359.74	209.40
Other Income	25.14	22.55
	384.88	231.95

Less Non Interest Expenses
Staff Expenses	175.53	146.65
Establishment Expenses	44.65	41.36
Other Expenses	141.79	117.55
Depreciation and Amortisation	19.20	18.20
Provision for Contingencies	70.00	58.00
	451.17	381.76

Profit Before Tax	4,866.96	3,915.99
Less : Provision for Tax	1,332.00	1,089.50
PROFIT AFTER TAX AVAILABLE FOR APPROPRIATION	3 ,534.96	2 ,826.49

APPROPRIATIONS
Special Reserve	625.00	500.00
Additional Reserve (u/s 29C of the NHB Act)	530.00	432.00
General Reserve	816.40	695.01
Shelter Assistance Reserve	12.00	9.00
Proposed Dividend (Rs. 9 per share of face value of Rs. 2 each)	1,320.20	1,033.60
Additional Tax on Proposed Dividend	214.17	171.67
Additional Tax on Dividend	1.07	( 15.16)
Dividend pertaining to Previous Year paid during the year	16.12	0.37
	3 ,534.96	2 ,826.49
1 Crore = 10 Million

HIGHLIGHTS
	Rs in crores
	2010-11	2009-10
Loan Approvals
Current Year	75,185	60,611
Cumulative	373,246	298,061

Loan Disbursements
Current Year	60,314	50,413
Cumulative	302,533	242,219

Spread on Loans	2.33%	2.31%

Net Interest Margin	4.39%	4.27%

Proposed dividend per share (Rs)(face value of Rs 2 per share)	9.00	7.20

Book Value per Share (Rs)	118	106
Adjusted Book Value - adjusted for unrealised gain on investments (Rs)	264	222

Earnings Per Share
Basic (Rs)	24.18	19.76
Diluted (Rs)	23.66	19.18

Capital adequacy ratio	14.0%	14.6%
of which Tier I	12.2%	12.8%
Tier II	1.8%	1.8%

Non performing loans	0.77%	0.79%
Non performing loans (six months over due)	0.46%	0.53%
Write offs	19.75	16.38
Provision for Contingencies	1,124.37	655.57
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.


	Rs in Crores
	2010-11	2009-10
INCOME FROM OPERATIONS
Interest on Loans	11,244.57	9,978.99
Other Interest	562.43	471.59
Surplus from Deployment in Cash Management Schemes of Mutual Funds	217.53	189.84
Dividend Income	225.24	232.71
Fees and Other Charges	220.36	231.66
Other Operating Income	23.06	24.09
	12,493.19	11,128.88

INTEREST AND OTHER CHARGES

INTEREST
Loans	2,427.99	1,997.21
Deposits	2,031.97	1,784.13
Bonds and Debentures	3,038.88	3,203.41
	7,498.84	6 ,984.75

OTHER CHARGES	61.10	78.33
	7,559.94	7,063.08

INVESTMENTS

Equity Shares - Subsidiaries & Associate Companies	7,935.12	7,669.55
Equity Shares - Other Companies	909.54	848.99
Convertible Preference Shares	81.15	71.32
Preference Shares	5.99	5.99
Convertible Debentures	2.00	32.97
Debentures and Bonds	262.62	97.65
Pass Through Certificates and Security Receipts	85.85	89.22
Commercial Paper	446.49	-
Properties	148.08	153.79
Government Securities	1,277.91	1,139.48
Mutual Funds and Other Funds	734.50	654.91
	11,889.25	10,763.87
Less: Provision for Diminution in Value of Investments	56.85	36.41
	11,832.40	10,727.46

Unrealised gains on listed investments including HDFC Investments Limited	21,391.72	16,667.69

1 Crore = 10 Million

CONSOLDATED FINANCIAL RESULTS YEAR ENDED MARCH 31,2011
	Rs in Crores
	2010-11	2009-10
INCOME FROM OPERATIONS	13,605.52	12,093.06
Premium Earned (Net)	9,560.72	7,355.83
Other Operating Income from Insurance Business	2,087.14	5,739.31
Profit on sale of Investments	511.70	225.10
Other Income	27.55	38.50
Total Income	25,792.63	25,451.80

Less Non Interest Expenses

Interest and Other Charges	7,876.07	7,288.86
Staff Expenses	375.99	316.57
Claims paid pertaining to Insurance Business	3,361.85	1,733.73
Other Expenses pertaining to Insurance Business	8,517.95	11,791.00
Other Expenses	367.70	346.57
Depreciation	48.92	91.44
	20,548.48	21,568.17

Profit Before Tax	5 ,244.15	3 ,883.63
Tax Expense	1 ,539.32	1 ,254.52
Net Profit (before Profit of Associates and adjustment of minority Interest)	3,704.83	2,629.11
Net share of profit of Associates (Equity Method)	908.43	605.74
Less : Share of profit / (loss) of minority Shareholder	84.85	(6.13)
Profit after Tax attributable to the Corporation	4,528.41	3,240.98

Earnings Per Share
Basic (Rs)	31.16	22.67
Diluted (Rs)	30.49	22.07

Return on Equity	22.9%	19.6%

1 Crore = 10 Million