1st Quarter Results

THE FEDERAL BANK LIMITED

REGD.OFFICE: ALUVA

UNAUDITED FINANCIAL RESULTS

FOR THE QUARTER ENDED 30 JUNE 2010

(Rs. Crore)

Quarter ended 30 June

Year ended 31 March

2010

2009

2010

(Unaudited)

(Unaudited)

(Audited)

1

Interest earned [(a)+(b)+(c)+(d)]

951.79

874.38

3,673.23

(a) Interest/discount on advances/bills

744.69

656.15

2,849.73

(b) Income on Investments

204.07

204.82

783.41

(c) Interest on balances with RBI and other interbank

funds

2.11

13.11

29.85

(d) Others

0.92

0.30

10.24

2

Other Income

109.89

147.41

530.91

3

TOTAL INCOME (1+2)

1,061.68

1,021.79

4,204.14

4

Interest Expended

538.47

584.30

2,262.40

5

Operating Expenses (i)+(ii)

187.87

159.21

676.89

(i) Employee Costs

104.75

92.41

366.05

(ii) Other operating expenses

83.12

66.80

310.84

6

TOTAL EXPENDITURE (4)+(5)(excluding Provisions and Contingencies)

726.34

743.51

2,939.29

7

OPERATING PROFIT (3-6) (Profit before Provisions and Contingencies)

335.34

278.28

1,264.85

8

Provisions (other than Tax) and Contingencies

133.38

51.95

405.30

9

Exceptional Items

-

-

-

10

Profit (+)/Loss (-) from Ordinary Activities before tax (7-8-9)

201.96

226.33

859.55

11

Tax expense

70.10

89.95

395.00

12

Net Profit (+)/Loss(-) from Ordinary Activities after tax(10-11)

131.86

136.38

464.55

13

Extraordinary items (net of tax expense)

-

-

-

14

Net Profit (+)/Loss(-) for the period (12-13)

131.86

136.38

464.55

15

Paid-up equity share capital (Face value Rs.10/-)

171.03

171.03

171.03

16

Reserves excluding revaluation reserve

-

-

4,513.55

17

Analytical Ratios 

(i) Percentage of shares held by Government of India

Nil

Nil

Nil

(ii) Capital Adequacy Ratio (%)

(a) Under Basel I

17.27

19.94

17.27

(b) Under Basel II

17.89

19.11

18.36

(iii) Earnings per share (EPS)

 (a) Basic and diluted EPS before Extraordinary items

7.71*

7.97*

27.16

 (b) Basic and diluted EPS after Extraordinary items

7.71*

7.97*

27.16

(iv) NPA Ratios

a) Gross NPA

1043.82

631.23

820.97

b) Net NPA

200.67

67.31

128.79

c) % of Gross NPA

3.73

2.65

2.97

d) % of Net NPA

0.74

0.29

0.48

(v) Return on Assets (%)

0.31*

0.35*

1.15

18

Public Shareholding:

Number of Shares

1674.04 Lakh

1657.95 Lakh

1672.11 Lakh

Percentage of shareholding

97.93

96.99

97.82

19

Promoters and Promoter group shareholding 

Nil

Nil

Nil

* Not annualized

Segment Information @

(Rs. Crore)

Quarter ended

Year ended

30-Jun-10

30-Jun-09

31-Mar-10

(Unaudited)

(Unaudited)

(Audited)

Segment Revenue:

Treasury Operations

222.38

268.84

908.70

Corporate/Wholesale Banking

322.04

299.12

1,285.02

Retail Banking

513.61

443.62

1,975.06

Other Banking Operations

3.65

10.21

35.35

 Total Revenue

1,061.68

1,021.79

4,204.13

Segment Results (net of provisions):

Treasury Operations

23.34

101.45

151.47

Corporate/Wholesale Banking

42.09

52.95

229.86

Retail Banking

134.17

63.52

449.91

Other Banking Operations

2.36

8.41

28.29

Total Profit before tax

201.96

226.33

859.53

Capital employed:

Treasury operations

1,456.22

1,480.58

1,503.85

Corporate/Wholesale Banking

1,495.78

1,195.57

1,381.06

Retail Banking

1,869.00

1,782.31

1,802.44

Other Banking Operations

1.30

3.80

3.09

Total

4,822.30

4,462.26

4,690.44

@

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

As a prudent policy, the Bank holds provisions for NPAs and standard assets over and above the minimum required under the RBI norms. Further, provision for restructured advances has been made as per RBI guidelines.

2

Provisions for gratuity, pension, leave encashment, bonus, income tax including deferred tax and other usual and necessary items have been made on estimated basis.

3

Number of Investor complaints/correspondence received and disposed off during the quarter ended 30 June 2010: a) Pending at the beginning of the quarter: 1 b) Received during the quarter :17 c) Disposed off during the quarter :18 d) Pending at the end of the quarter : -

4

Figures for the previous periods have been recast/ regrouped wherever necessary.

5

The above financial results, subjected to limited review by statutory central auditors, have been taken on record by the Audit Committee and approved by the Board of Directors at its meeting held on 29.07.2010.

Kochi

 M. VENUGOPALAN

29 July 2010

 MANAGING DIRECTOR & CEO