The Federal Bank Ltd.

Major Shareholding Notification • Jul 23, 2013

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RNS Number : 9270J

Federal Bank Ltd (The)

23 July 2013

THE FEDERAL BANK LIMITED
REGD.OFFICE: P.B.NO. 103, FEDERAL TOWERS, ALUVA-683101.
UNAUDITED FINANCIAL RESULTS
FOR THE QUARTER  ENDED 30th JUNE 2013
														(` in Lakhs)
Particulars					Quarter  ended											Year ended
					30.06.2013				31.03.2013			30.06.2012				31.03.2013
					(Unaudited)				(Audited Refer note 6)			(Unaudited)				(Audited)
1		Interest earned (a)+(b)+(c)+(d)			165326				158346			153671				616757
		(a)   Interest/discount on advances/bills			124206				116842			116333				463566
		(b)   Income on Investments			39705				39703			35516				146460
		(c)   Interest on balances with Reserve Bank of India and other interbank funds			1324				1539			1671				5636
		(d)   Others			91				262			151				1095
2		Other Income			21579				19685			12433				66444
3		TOTAL INCOME (1+2)			186905				178031			166104				683201
4		Interest expended			114365				110370			104507				419291
5		Operating Expenses (i)+(ii)			32486				30714			26946				117954
		(i)            Employees Cost			17351				15115			15238				62646
		(ii)           Other operating expenses			15135				15599			11708				55308
6		TOTAL EXPENDITURE (4)+(5) (excluding Provisions and Contingencies)			146851				141084			131453				537245
7		OPERATING PROFIT (3-6)  (Profit before Provisions and Contingencies)			40054				36947			34651				145956
8		Provisions (other than Tax) and Contingencies			24510				9818			6278				26580
9		Exceptional Items			-				-			-				-
10		Profit  from Ordinary Activities before tax  (7-8-9)			15544				27129			28373				119376
11		Tax expense			4978				4935			9338				35559
12		Net Profit from Ordinary Activities after tax (10-11)			10566				22194			19035				83817
13		Extraordinary items (net of tax expense)			-				-			-				-
14		Net Profit for the period (12-13)			10566				22194			19035				83817
15		Paid-up Equity Share Capital (Face value ` 10/- each)			17106				17106			17105				17106
16		Reserves excluding Revaluation Reserve			-				-			-				618839
17		Analytical Ratios
		(i)   Percentage of shares held by Government of India			NIL				NIL			NIL				NIL
		(ii)  Capital Adequacy ratio (%)
		(a)  Under Basel II			15.00				14.73			15.45				14.73
		(b)  Under Basel III (Refer note 7)			14.27				-			-				-
		(iii) Earnings per Share (EPS) (in `)
		(a) Basic and diluted EPS before                     Extra ordinary Items			6.18*				12.97*			11.13*				49.00
		(b) Basic and diluted EPS after                      Extra ordinary items			6.18*				12.97*			11.13*				49.00
		(iv)  NPA Ratios
		a) Gross NPA			148325				155401			140886				155401
		b) Net NPA			37362				43194			23616				43194
		c) % of Gross NPA			3.51				3.44			3.60				3.44
		d) % of Net NPA			0.91				0.98			0.62				0.98
		(v) Return on Asset (%)			0.15*				0.33*			0.32*				1.35
18		Public Shareholding:
		Number of Shares (in Lakhs)			1676.78				1676.88			1669.86				1676.88
		Percentage of shareholding #			98.02				98.03			97.63				98.03
19		Promoters and Promoter group share holding
		(a)   Pledged/Encumbered
		-   Number of Shares			NIL				NIL			NIL				NIL
		-   Percentage of Shares (as a % of the total shareholding of promoter and promoter group)			NIL				NIL			NIL				NIL
		-   Percentage of Shares (as a % of the total share capital of the company)			NIL				NIL			NIL				NIL
		(b)   Non-encumbered
		-   Number of Shares			NIL				NIL			NIL				NIL
		-   Percentage of Shares (as a % of the total shareholding of promoter and promoter group)			NIL				NIL			NIL				NIL
		-   Percentage of Shares (as a % of the total share capital of the company)			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
30.06.2013			31.03.2013				30.06.2012				31.03.2013
				(Unaudited)			(Audited         Refer note 6)				(Unaudited)				(Audited)
Segment Revenue:
	Treasury			53376			49628				42332				181360
	Corporate/Wholesale Banking			57985			50624				63499				216973
	Retail Banking			74580			76963				59348				280788
	Other Banking operations			964			816				925				4080
	Unallocated			-			-				-				-
	Total Revenue			186905			178031				166104				683201
	Less: Inter Segment Revenue			-			-				-				-
Income from Operations				186905			178031				166104				683201
Segment Results (net of provisions):
	Treasury			10682			7130				6272				28761
	Corporate/Wholesale Banking			(5051)			583				6545				25470
	Retail Banking			9053			18264				14961				61830
	Other Banking operations			860			1152				595				3315
	Unallocated			-			-				-				-
	Profit before tax			15544			27129				28373				119376
Capital employed:
	Treasury			297596			246148				246989				246148
	Corporate/Wholesale Banking			121384			163289				138508				163289
	Retail Banking			141874			168548				129635				168548
	Other Banking operations			1860			6928				6551				6928
	Unallocated			84319			51553				67985				51553
	Total			647033			636466				589668				636466
*	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 operates only in India.
Notes:
1	The above financial results, subjected to Limited Review by statutory central auditors, have been taken on record by the Audit Committee and approved at meeting of the Board of Directors held on 19th July 2013.
2	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.
3	The bank has changed its policy on valuation of swap contracts against the overseas borrowings, by amortising the cost over the period of swap tenure, as against the earlier practice of writing back/writing off the mark-to-market gain or loss at the end of each reporting period. This change in policy does not have any financial impact over the full period of swap.
	However, the impact of change in the policy on valuation and amortization as described above on a quarterly basis, is increase in the profit by ` 365.39 lakhs for quarter ended 30 June, 2013. Had this policy been adopted in the previous year, the effect would have been increase in profit by ` 283.85 lakhs for the quarter ended 30 June 2012 and decrease in profit by `148.68 lakhs for the quarter and year ended 31 March, 2013.
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 `8.42 Crore, being the proportionate liability in respect thereof, for the quarter ended 30.06.2013   have been charged to  Profit and Loss Account and the balance amount of ` 58.94 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 30th June 2013: a) Pending at the beginning  of the quarter                       :         2 b) Received during the quarter                                          :       32 c) Disposed off during the quarter                                    :        34 d) Pending at the end of the quarter                                  :       Nil
6	The figures for the quarter ended March 31, 2013 are the balancing figures between audited figures in respect of financial year 2012-13 and the published year to date figures upto December 31, 2012.
7	In accordance with the RBI guidelines, banks are required to disclose capital adequacy ratio computed under Basel III capital regulations from the quarter ended June 30, 2013. Hence disclosure has been made for the current quarter only.
8	Figures for the previous periods/year have been recast/ regrouped wherever necessary.
Kochi				SHYAM SRINIVASAN
19th July 2013				MANAGING DIRECTOR & CEO

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