The Federal Bank Ltd.

Transaction in Own Shares • Jun 5, 2013

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RNS Number : 3435G

Federal Bank Ltd (The)

05 June 2013

THE FEDERAL BANK LIMITED
REGD.OFFICE: P.B.NO. 103, FEDERAL TOWERS, ALUVA-683101.
AUDITED FINANCIAL RESULTS
FOR THE QUARTER AND YEAR ENDED 31st MARCH 2013
																	(` in Lakhs)
Particulars						Quarter  ended										Year ended					Consolidated figures for the year ended
						31.03.2013			31.12.2012			31.03.2012				31.03.2013			31.03.2012		31.03.2013					31.03.2012
						Audited (Refer note 9 below)			Unaudited			Audited				Audited			Audited		Audited					Audited
1	Interest earned (a)+(b)+(c)+(d)					158346			152177			147902				616757			555839		624632					558172
	(a)  Interest/discount on advances/bills					116842			115091			107846				463566			418976		471442					421309
	(b) Income on Investments					39703			35823			37827				146460			131574		146460					131574
	(c) Interest on balances with Reserve Bank of India and other inter bank funds					1539			1148			1284				5636			3488		5635					3488
	(d) Others					262			115			945				1095			1801		1095					1801
2	Other Income					19685			20385			16055				66444			53234		66464					53220
3	TOTAL INCOME (1+2)					178031			172562			163957				683201			609073		691096					611392
4	Interest expended					110370			102442			98781				419291			360499		420894					360667
5	Operating Expenses (i)+(ii)					30714			30726			27933				117954			97927		122359					100806
	(i)            Employees Cost					15115			16349			14620				62646			54385		64771					55945
	(ii)           Other operating expenses					15599			14377			13313				55308			43542		57588					44861
6	TOTAL EXPENDITURE (4)+(5) (excluding Provisions and Contingencies)					141084			133168			126714				537245			458426		543253					461473
7	OPERATING PROFIT (3-6)  (Profit before Provisions and Contingencies)					36947			39394			37243				145956			150647		147843					149919
8	Provisions (other than Tax) and Contingencies					9818			7439			1551				26580			33697		26542					35266
9	Exceptional Items					-			-			-				-			-		-					-
10	Profit  from Ordinary Activities before tax (7-8-9)					27129			31955			35692				119376			116950		121300					114653
11	Tax expense					4935			10877			11932				35559			39271		36035					39280
12	Net Profit from Ordinary Activities after tax (10-11)					22194			21078			23760				83817			77679		85266					75373
13	Extraordinary items (net of tax expense)					-			-			-				-			-		-					-
14	Net Profit for the period (12-13)					22194			21078			23760				83817			77679		85266					75373
15	Paid-up Equity Share Capital (Face value ` 10/- each)					17106			17105			17105				17106			17105		17106					17105
16	Reserves excluding Revaluation Reserve					-			-			-				618839			552987		608885					541583
17	Analytical Ratios
	(i) Percentage of shares held by Government of India					NIL			NIL			NIL				NIL			NIL		NIL					NIL
	(ii) Capital Adequacy ratio (%)
	(a)  Under Basel I					13.09			13.17			13.83				13.09			13.83
	(b)  Under Basel II					14.73			14.92			16.64				14.73			16.64
	(iii) Earnings per Share (EPS) (in `)
	(a) Basic and diluted EPS before Extra ordinary Items					12.97*			12.32*			13.89*				49.00			45.41		49.85					44.06
	(b) Basic and diluted EPS after Extra ordinary items					12.97*			12.32*			13.89*				49.00			45.41		49.85					44.06
	(iv) NPA Ratios
	a) Gross NPA					155401			156398			130083				155401			130083
	b) Net NPA					43194			36204			19900				43194			19900
	c) % of Gross NPA					3.44			3.85			3.35				3.44			3.35
	d) % of Net NPA					0.98			0.92			0.53				0.98			0.53
	(v)Return on Asset (%)					0.33*			0.34*			0.41*				1.35			1.41
18	Public Shareholding:
	Number of Shares (in Lakhs)					1676.88			1674.28			1669.07				1676.88			1669.07
	Percentage of shareholding #					98.03			97.88			97.58				98.03			97.58
19	Promoters and Promoter group share holding
	(a)		Pledged/Encumbered
	-		Number of Shares			NIL			NIL			NIL				NIL			NIL
	-		Percentage of Shares (as a % of the total shareholding of promoter and promoter group)			NIL			NIL			NIL				NIL			NIL
	-		Percentage of Shares (as a % of the total share capital of the company)			NIL			NIL			NIL				NIL			NIL
	(b)		Non-encumbered
	-		Number of Shares			NIL			NIL			NIL				NIL			NIL
	-		Percentage of Shares (as a % of the total shareholding of promoter and promoter group)			NIL			NIL			NIL				NIL			NIL
	-		Percentage of Shares (as a % of the total share capital of the company)			NIL			NIL			NIL				NIL			NIL
* Not annualised
# excludes shares held by custodian against which Global Depository Receipts have been issued.
Segment Information  @
													(` in Lakhs)
Particulars							Quarter ended											Year ended
31.03.2013			31.12.2012					31.03.2012			31.03.2013			31.03.2012
							Audited			Unaudited					Audited			Audited			Audited
Segment Revenue:
	Treasury						49628			47521					45301			181360			153030
	Corporate/Wholesale Banking						50624			48825					53098			216973			199210
	Retail Banking						76963			75146					63805			280788			252904
	Other Banking operations						816			1070					1753			4080			3929
	Unallocated						-			-					-			-			-
	Total Revenue						178031			172562					163957			683201			609073
	Less: Inter Segment Revenue						-			-					-			-			-
Income from Operations							178031			172562					163957			683201			609073
Segment Results (net of provisions):
	Treasury						7130			11461					(2,200)			28761			4213
	Corporate/Wholesale Banking						583			7238					12516			25470			25701
	Retail Banking						18264			12706					24898			61830			85039
	Other Banking operations						1152			550					478			3315			1997
	Unallocated						-			-					-			-			-
	Profit before tax						27129			31955					35692			119376			116950
Capital employed:
	Treasury						246148			278609					203795			246148			203795
	Corporate/Wholesale Banking						163289			129975					132935			163289			132935
	Retail Banking						168548			142174					122107			168548			122107
	Other Banking operations						6928			20469					55758			6928			55758
	Unallocated						51553			61031					56038			51553			56038
	Total						636466			632258					570633			636466			570633
@	For the above segment reporting, the reportable segments are identified into Treasury, Corporate/Wholesale Banking, Retail Banking and Other Banking Operations in compliance with the revised RBI guidelines. The Bank has only the Domestic geographic segment.
Notes:
1	Statement of Assets and Liabilities as on 31st  March, 2013 is given below:
Particulars																As at 31.03.2013   Audited				As at 31.03.2012   Audited
CAPITAL AND LIABILITIES
Capital																17106				17105
Reserves and Surplus																619360				553528
Deposits																5761486				4893712
Borrowings																518699				424103
Other Liabilities and Provisions																188306				174230
Total																7104957				6062678
ASSETS
Cash and Balances with Reserve Bank of India																274250				242415
Balance with Banks and Money at Call and Short Notice																97749				110840
Investments																2115459				1740249
Advances																4409670				3775599
Fixed Assets																39748				32614
Other Assets																168081				160961
Total																7104957				6062678
2	The above financial results have been taken on record by the Audit Committee and approved by the Board of Directors at its meeting held on 27th April, 2013.
3	As a prudent policy, the Bank holds provisions for Non Performing Assets over and above the minimum required under the Reserve Bank of India (RBI) norms. Further, provision for restructured advances has been made as per RBI guidelines.
4	The Pension liability arising on exercise of second option by employees (other than separated/retired employees) is being amortized equally over a period of 5 years commencing from the year ended on 31.03.2011, and accordingly an amount of `33.68 Crore, being the proportionate liability in respect thereof, for the year ended 31.03.2013 (` 8.42 Crore for the quarter ended 31.03.2013)  have been charged to  Profit and Loss Account and the balance amount of ` 67.36 Crore yet to be written off is carried forward to be amortised in future periods as permitted by the Reserve Bank of India vide letter no. DBOD.BP.BC.15896/21.04.018/2010-11 dated 08.04.2011.
5	Number of Investor complaints received and disposed off during the quarter ended 31st March 2013: a) Pending at the beginning  of the quarter                         :      NIL b) Received during the quarter                                          :        35 c) Disposed off during the quater                                      :        33 d) Pending at the end of the quarter                                  :          2
6	The Board of Directors have recommended a dividend of 90% i.e. Rs.9 per share on face value of Rs.10/- each for the year 2012-13 (previous year 90% i.e 9 per share) subject to the approval of the members in the ensuing Annual General Meeting.
7	During the quarter and year ended 31 March 2013, the Bank allotted 11631 Shares pursuant to the exercise of stock options by certain employees.
8	Consolidated financial statements include that of the fully owned subsidiary, Fedbank Financial Services Ltd and associate, IDBI Federal Life Insurance Company Ltd.
9	The figures of the last quarter are the balancing figures between the audited figures in respect of the full financial year and the published year to date figures upto the third quarter of the current financial year.
10	Figures for the previous periods have been recast/ regrouped wherever necessary.
Kochi								SHYAM SRINIVASAN
27th April 2013								MANAGING DIRECTOR & CEO

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