-
For the purpose of segment reporting in terms of AS-17 of the ICAI, the business of
the Bank has been classified into two segments a) Treasury Operations and b) Other Banking
Operations
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Since the Bank does not have any Overseas branch, reporting under geographic segment
has not been done.
-
Expenses, assets and liabilities wherever directly related to segments have been
accordingly allocated to segments and wherever not directly related have been allocated on the
basis of average operating assets.
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NOTES:
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The above results have been subjected to limited review by the Statutory
Central Auditors and were taken on record by the Board of Directors of the Bank at its meeting held
on 30.07.2007.
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Working results for the quarter ended 30.06.2007 have been arrived at after
making necessary provisions.
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The Bank has adopted revised Accounting Standard 15 – ‘Employee Benefits’
issued by the Institute of Chartered Accountants of India, with effect from 01-04-2007.
Transitional liability of Rs.4.76 crore on account of short term employee benefits upto 31-03-2007
has been adjusted against the opening Revenue Reserves of the Bank.
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The figures of the previous period/year have been re-grouped and re-classified
wherever necessary.
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The number of shareholders' complaints pending is Nil. Number of
complaints received and resolved during the quarter are 618.
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