Summary of Quarterly Performance

Bank	3 Months ended	6 Months ended	9 Months ended	Year ended
	March 31, 2011 Rs. Mn.	June 30, 2011 Rs. Mn.	September 30, 2011 Rs. Mn.	December 31, 2011 Rs. Mn.
Profit before Tax	2,959.8	5,749.6	8,716.9	10,987.3
Quarterly Profit before Tax	2,959.8	2,789.8	2,967.3	2,270.4
Profit after Tax	2,060.5	4,034.1	6,096.8	8,047.7
Quarterly Profit after Tax	2,060.5	1,973.6	2,062.7	1,950.9
Deposits	274,572.1	287,826.5	302,483.0	318,461.4
Quarterly Growth in Deposits	14,793.2	13,254.4	14,656.5	15,978.4
Net Advances	224,664.6	232,879.9	257,160.2	276,394.5
Quarterly Growth in Net Advances	7,626.1	8,215.3	24,280.3	19,234.5
ROA (before Tax) (%)	3.14	3.02	2.95	2.71
ROE (%)	24.66	23.37	21.31	20.76
Cost/Income (%)	51.38	51.50	51.56	51.66
Interest Margin (%)	4.59	4.64	4.53	4.44
NPA Ratio (Net) (%)	3.26	2.75	2.76	2.08
Capital Adequacy
Tier I Capital (%)	10.31	11.63	12.02	12.11
Total Capital (%)	11.58	12.82	13.07	13.01
Liquid Assets Ratio
DBU (%)	30.13	27.98	26.31	25.70
OBC (%)	27.49	27.51	29.97	27.77

Quarterly Performance

As detailed earlier, the Bank recorded moderate growth in loans and advances in the first half of the year. This was largely attributable to the relatively high liquidity in most of the banks which carried over from 2010. As the table above illustrates, the liquid asset ratio of the DBU, which climbed as high as 30.13% on March 31, declined to 25.70% as of December 31. The 2.75% non-performing loans ratio recorded on June 30, 2011 was reduced to

2.08% by year-end, mainly due to the Bank’s accelerated credit growth in the second half of the year. In spite of these challenges, deposits recorded steady growth throughout the year. Return on equity was 20.76% as of December 31, 2011, down from a high of 24.66% at the end of the first quarter. This was largely due to the rights issue of shares during the third quarter. As a consequence, the total capital adequacy ratio had improved to 13.01% by year-end.

Summary of the Bank's Performance

	2011
BANK	Actual Rs. Mn.	Budget Rs. Mn.	2010 Actual Rs. Mn.
Total Revenue	45,483.4	45,995.9	41,521.5
Profit before Tax	10,987.3	12,005.4	9,317.4
Profit after Tax	8,047.7	8,853.6	5,523.3
Deposits	318,461.4	318,825.3	259,778.9
Loans and Advances	283,343.6	287,548.8	224,020.2
ROA (before Tax) (%)	2.71	2.87	2.69
ROE (%)	20.76	25.99	17.87
Cost/Income (%)	51.66	51.11	54.69
NPA Ratio (Net) (%)	2.08	2.70	2.78
Capital Adequacy
Tier I Capital (%)	12.11	10.01	10.87
Total capital (%)	13.01	11.10	12.27

The Bank achieved many of the ambitious targets set at the beginning of the year, despite additional specific provisions made on a prudential basis during the year.